Nonprofit · EIN 85-0267696
INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO
Tax-exempt · ROSWELL, NM 88202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $958,864 | $669,925 | $288,939 | $806,842 | $0 | $806,842 |
| December 31, 2023 | 990 | $450,103 | $533,627 | -$83,524 | $511,606 | $0 | $511,606 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $197,999
- Membership dues
- $193,108
- Program service revenue
- $738,869
- Investment income
- $21,996
- Net gain from sales of assets
- $5,134
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $165,016
- Accounting fees
- $4,061
- Travel
- $2,907
- Program services (functional)
- $567,774
- Management and general (functional)
- $102,151
Balance sheet and other
- Total assets, start of year
- $511,606
- Total assets, end of year
- $806,842
- Total liabilities, end of year
- $0
- Net assets, end of year
- $806,842
- Publicly traded securities
- $596,783
- Gross receipts
- $978,261
- Employees
- 0
- Year formed
- 1978
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED HEMBREE | PAST PRESIDE Trustee or director, Officer | – | $0 |
| NICK PIATEK | PRESIDENT Trustee or director, Officer | – | $0 |
| EMMONS YATES | SE VICE PRES Trustee or director, Officer | – | $0 |
| MITCH KRAKAUSKAS | SECRETARY/TR Trustee or director, Officer | – | $0 |
| ALEX CAMPBELL | DIRECTOR Trustee or director | – | $0 |
| JOHN ALEXANDER | DIRECTOR Trustee or director | – | $0 |
| JOSH LAMBERTON | DIRECTOR Trustee or director | – | $0 |
| NICK MCCLELLAND | DIRECTOR Trustee or director | – | $0 |
| REID EDWARDS | DIRECTOR Trustee or director | – | $0 |
| JUSTIN MCCLELLAND | DIRECTOR Trustee or director | – | $0 |
| RYAN DAVIS | DIRECTOR Trustee or director | – | $0 |
| TOM MULLINS | DIRECTOR Trustee or director | – | $0 |
| RON HILLMAN | DIRECTOR Trustee or director | – | $0 |
| RANDALL HUDSON | DIRECTOR Trustee or director | – | $0 |
| ED LAUER | DIRECTOR Trustee or director | – | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RORY MCMINN | DIRECTOR Trustee or director | – | $0 |
| ROBERT G ARMSTRONG | DIRECTOR Trustee or director | – | $0 |
| TUCKER BAYLESS | DIRECTOR Trustee or director | – | $0 |
| RICHARD GILLILAND | DIRECTOR Trustee or director | – | $0 |
| FRANK GORHAM | DIRECTOR Trustee or director | – | $0 |
| JEFF HARVARD | DIRECTOR Trustee or director | – | $0 |
| T GREG MERRION | DIRECTOR Trustee or director | – | $0 |
| MARK MURPHY | DIRECTOR Trustee or director | – | $0 |
| GREG NIBERT | DIRECTOR Trustee or director | – | $0 |
| GLEN PAPP | DIRECTOR Trustee or director | – | $0 |
| LARRY SCOTT | DIRECTOR Trustee or director | – | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | – | $0 |
| PAUL THOMPSON | DIRECTOR Trustee or director | – | $0 |
| GEORGE YATES | DIRECTOR Trustee or director | – | $0 |
| FRANK YATES | DIRECTOR Trustee or director | – | $0 |
| KRISTA MCWILLIAMS | VP NW REGION Trustee or director, Officer | – | $0 |
| HANSON YATES | DIRECTOR Trustee or director | – | $0 |
| SAM SHIVERICK | DIRECTOR Trustee or director | – | $0 |
| JIM WINCHESTER | EXECUTIVE DI Trustee or director | – | $0 |
| JOHN BYROM | DIRECTOR Trustee or director | – | $0 |
| CLAIRE CHASE | DIRECTOR Trustee or director | – | $0 |
| PEYTON YATES | DIRECTOR Trustee or director | – | $0 |
| JOHN THOMAS | DIRECTOR Trustee or director | – | $0 |
| KYLE ARMSTRONG | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARED HEMBREE | PRESIDENT Trustee or director, Officer | – | $0 |
| NICK PIATEK | NW VICE PRES Trustee or director, Officer | – | $0 |
| EMMONS YATES | SE VICE PRES Trustee or director, Officer | – | $0 |
| MITCH KRAKAUSKAS | SECRETARY TR Trustee or director, Officer | – | $0 |
| ALEX CAMPBELL | PAST PRESIDE Trustee or director, Officer | – | $0 |
| JOHN ALEXANDER | DIRECTOR Trustee or director | – | $0 |
| JOSH LAMBERTON | DIRECTOR Trustee or director | – | $0 |
| NICK MCCLELLAND | DIRECTOR Trustee or director | – | $0 |
| REID EDWARDS | DIRECTOR Trustee or director | – | $0 |
| JUSTIN MCCLELLAND | DIRECTOR Trustee or director | – | $0 |
| RYAN DAVIS | DIRECTOR Trustee or director | – | $0 |
| TOM MULLINS | DIRECTOR Trustee or director | – | $0 |
| RON HILLMAN | DIRECTOR Trustee or director | – | $0 |
| RANDALL HUDSON | DIRECTOR Trustee or director | – | $0 |
| ED LAUER | DIRECTOR Trustee or director | – | $0 |
| RORY MCMINN | DIRECTOR Trustee or director | – | $0 |
| ROBERT G ARMSTRONG | DIRECTOR Trustee or director | – | $0 |
| TUCKER BAYLESS | DIRECTOR Trustee or director | – | $0 |
| RICHARD GILLILAND | DIRECTOR Trustee or director | – | $0 |
| FRANK GORHAM | DIRECTOR Trustee or director | – | $0 |
| JEFF HARVARD | DIRECTOR Trustee or director | – | $0 |
| T GREG MERRION | DIRECTOR Trustee or director | – | $0 |
| MARK MURPHY | DIRECTOR Trustee or director | – | $0 |
| GREG NIBERT | DIRECTOR Trustee or director | – | $0 |
| GLEN PAPP | DIRECTOR Trustee or director | – | $0 |
| LARRY SCOTT | DIRECTOR Trustee or director | – | $0 |
| JOHN THOMPSON | DIRECTOR Trustee or director | – | $0 |
| PAUL THOMPSON | DIRECTOR Trustee or director | – | $0 |
| GEORGE YATES | DIRECTOR Trustee or director | – | $0 |
| FRANK YATES | DIRECTOR Trustee or director | – | $0 |
| KRISTA MCWILLIAMS | DIRECTOR Trustee or director | – | $0 |
| HANSON YATES | DIRECTOR Trustee or director | – | $0 |
| SAM SHIVERICK | DIRECTOR Trustee or director | – | $0 |
| JIM WINCHESTER | EXECUTIVE DI Trustee or director | – | $0 |
| JOHN BYROM | DIRECTOR Trustee or director | – | $0 |
| CLAIRE CHASE | DIRECTOR Trustee or director | – | $0 |
| PEYTON YATES | DIRECTOR Trustee or director | – | $0 |
| JOHN THOMAS | DIRECTOR Trustee or director | – | $0 |
| KYLE ARMSTRONG | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6101, ROSWELL, NM 88202-6101
- Principal officer (990 for 2024)
- NICK PIATEK, 111 TRAVIS ST, HOUSTON, TX 77002
- Signed the 990
- MITCH KRAKAUSKAS, SECRETARY/TREASURER
- Phone
- (575) 622-2566
- Website
- WWW.IPANM.ORG
- Return prepared by
- RITTER & COMPANY LLC
Mission
TO PROVIDE A COMMON ASSOCIATION OF INDEPENDENT PRODUCERS OF OIL, GAS AND OTHER HYDROCARBONS AND RELATED INDUSTRIES THAT PROMOTES THE MAINTENANCE AND INTEGRITY OF OUR NATURAL RESOURCES. THE ASSOCIATION PROVIDES ITS MEMBERS WITH CRUCIAL INFORMATION AND PRESENTATION ON CURRENT AND PROPOSED LEGISLATION AND REGULATION AT STATE AND FEDERAL LEVELS.
Program accomplishments
- ANNUAL MEETING - THE ASSOCIATION PROVIDES ITS MEMBERS WITH CRUCIAL INFORMATION AND REPRESENTATION ON CURRENT AND PROPOSED LEGISLATION AND REGULATION AT STATE AND FEDERAL LEVELS.Expenses $181,450 · revenue $194,969
- NEED PROGRAM - THE NEED PROGRAM IS AN ENERGY EDUCATION NETWORK OF STUDENTS, EDUCATORS, BUSINESS, GOVERNMENT AND COMMUNITY LEADERS DEDICATED TO DEVELOPING STRONG ENERGY PROGRAMS IN THE U.S. AND NEW MEXICO SCHOOLS.
- PUBLIC EDUCATION - TO EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF OIL AND GAS TO THE STATE OF NEW MEXICO AND ITS CITIZENS. THE PROGRAM INCLUDES 1) AN "OIL & GAS DAY AT THE CAPITOL," WHICH CONSISTS OF EXHIBITS AND SPEECHES BY STUDENTS, INDUSTRY SPOKESPERSONS AND GOVERNMENT OFFICIALS TO SHOWCASE HOW THE OIL AND GAS INDUSTRY IMPACTS OUR LIVES AND THE STATE ECONOMY; 2) A "WILDLIFE IN THE OILFIELD" PHOTO CONTEST TO SHOW THE PUBLIC THAT WILDLIFE IS ABUNDANT AROUND OILFIELD EQUIPMENT; AND 3) AN INFORMATIONAL MAGAZINE IS PRODUCED ABOUT THE INDUSTRY THAT IS WIDELY DISTRIBUTED THROUGHOUT THE STATE.
- ADVANCE AND PRESERVE THE INTERESTS OF INDEPENDENT OIL AND GAS PRODUCERS WHILE EDUCATING THE PUBLIC ABOUT THE IMPORTANCE OF OIL AND GAS TO THE STATE OF NM AND ITS CITIZENS. PROVIDE INFORMATION THROUGH PUBLICATIONS AND THE IPANM WEBSITE.Expenses $386,324 · revenue $543,900
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0267696
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $806,842
- Income (IRS master file)
- $978,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $958,864 | $669,925 | $806,842 | XML |
| 990 | December 2023 | $450,103 | $533,627 | $511,606 | XML |
| 990 | December 2022 | $704,468 | $444,645 | $577,787 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0267696).
Questions about INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO
- What is the EIN of INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO?
- The employer identification number (EIN) of INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO is 85-0267696.
- Is INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 names NICK PIATEK.
- Who are the officers and directors of INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO?
- The 990 for the year ended December 31, 2024 lists 39 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $958,864, expenses of $669,925 and total assets of $806,842 at year end.
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