INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION INC Charity Report

Public IRS 990 nonprofit record

INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION INC

EIN 23-7106331 · Professional Athletic Leagues (N80)

What they do

to Strengthen and Protect The Future of The Petroleum Industry and Its Member Companies Through The Conduct of Such Activities As Trade Shows, Seminars, Consumer Education and Legislative Reasearch.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $7.50 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

6.03%of revenue went to mission work7.5% of expenses · Program services

$80.56spent for every $100 of revenueRevenue covered expenses this year.

$1.73in assets for every $1 spent this yearSome assets cannot be spent right away.

2.0%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $191,269 for CHRISTIAN A HERB (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,211,926

Mission workProgram services$73,0376.03% of revenue7.5% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$235,56519.44% of revenueShown in gray on the chart

Total expenses$976,36180.56% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 7.5% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 7.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.56% of revenue

2023Expense mix: 8.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 89.81% of revenue

2022Expense mix: 8.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.91% of revenue

2021Expense mix: 4.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 70.16% of revenue

2020Expense mix: 1.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.58% of revenue

2019Expense mix: 7.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.70% of revenue

2018Expense mix: 12.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.72% of revenue

2017Expense mix: 13.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.64% of revenue

Money in and money out

Revenue$1,211,926

Expenses$976,361

Annual surplus $235,565 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$73,037 · 7.5% of expenses

See all reported dollar amounts

Revenue$1,211,926

Expenses$976,361

Assets$1,684,520

Income$1,875,861

Contributions$23,965

Mission work (program services)$73,037

Stocks and bonds$631,740

Accounting fees$15,281

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRISTIAN A HERBPRESIDENT · 40 hrs/week $191,269Base $165,753 · Other $25,516

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

CHRISTIAN A HERBPRESIDENT

KATE CHILDSIMMEDIATE PAST PRESIDENT

SUSAN SANTOPIETRODIRECTOR

MATTHEW MITCHELLDIRECTOR

MICHAEL MATARESEVICE CHAIR

PAULA RYANDIRECTOR

PETER AZIZDIRECTOR

PETER RUSSELLDIRECTOR

RICHARD JOHNSONDIRECTOR

RICHARD GADA SRDIRECTOR

RICK BOLOGNADIRECTOR

ROY FRIEDMANDIRECTOR

SAMUEL GAULTDIRECTOR

SHARON PETERSONDIRECTOR

STEPHEN ROSENTELDIRECTOR

STEPHEN H SACK JRCHAIR

CATHERINE ERASMUSDIRECTOR

JOHN MCCUSKERDIRECTOR

JOHN BOWMANDIRECTOR

JENNIFER TRACEY-CARLODIRECTOR

JEFF JENNINGSDIRECTOR

JAMIE DENSMOREDIRECTOR

HOWARD PETERSONDIRECTOR

GREG STAFSTROMDIRECTOR

GEORGE PERRELLIDIRECTOR

GARY SIPPINDIRECTOR

FRED LORDTREASURER / SECRETARY

FRANK TROIANODIRECTOR

ERIC GOTTIERDIRECTOR

DAVID SOUSADIRECTOR

DAVID FOSTERDIRECTOR

DAVID DANIELSDIRECTOR

About this charity

Recognized since: January 1972
Location: 10 ALCAP RDG, CROMWELL, CT 06416-1002
County: Middlesex
In care of: Christian A Herb
Primary officer: Christian A Herb, President

How to reach them

WebsiteVisit the charity’s website Emailcontacticpa@icpa.org Phone(860) 615-4130 Officer phone(860) 613-2041

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: HRT ADVISORS LLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues