INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO Charity Report

Public IRS 990 nonprofit record

INDEPENDENT PETROLEUM ASSOCIATION OF NEW MEXICO

EIN 85-0267696 · Science & Technology (U)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 leaders39 people are listed in the latest report.

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

Money made simple

59.21%of revenue went to mission work84.8% of expenses · Program services

$69.87spent for every $100 of revenueRevenue covered expenses this year.

10.65%of revenue went to management and office costs15.2% of expenses

$1.20in assets for every $1 spent this yearSome assets cannot be spent right away.

20.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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.

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$958,864

Mission workProgram services$567,77459.21% of revenue84.8% of expenses

ManagementOffice and general costs$102,15110.65% of revenue15.2% of expenses

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

Revenue left after expensesReported annual surplus$288,93930.13% of revenueShown in gray on the chart

Total expenses$669,92569.87% of revenue

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

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: 84.8% mission · 15.2% management · 0.0% fundraisingTotal expenses: 69.87% of revenue

2023Expense mix: 83.4% mission · 16.6% management · 0.0% fundraisingTotal expenses: 118.56% of revenue

2022Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 63.12% of revenue

2021Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 101.78% of revenue

2020Expense mix: 79.3% mission · 20.7% management · 0.0% fundraisingTotal expenses: 127.94% of revenue

2019Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 94.69% of revenue

2018Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 121.22% of revenue

2017Expense mix: 71.3% mission · 28.7% management · 0.0% fundraisingTotal expenses: 101.21% of revenue

Money in and money out

Revenue$958,864

Expenses$669,925

Annual surplus $288,939 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)$567,774 · 84.8% of expenses

Management and office costs$102,151 · 15.2% of expenses

See all reported dollar amounts

Revenue$958,864

Expenses$669,925

Assets$806,842

Income$978,261

Contributions$197,999

Mission work (program services)$567,774

Management and general$102,151

Stocks and bonds$596,783

Accounting fees$4,061

Investing fees$1,906

People

Leadership and board

Tax year 2024

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (39)

REID EDWARDSDIRECTOR

KYLE ARMSTRONGDIRECTOR

LARRY SCOTTDIRECTOR

MARK MURPHYDIRECTOR

MITCH KRAKAUSKASSECRETARY/TR

NICK MCCLELLANDDIRECTOR

NICK PIATEKPRESIDENT

PAUL THOMPSONDIRECTOR

PEYTON YATESDIRECTOR

RANDALL HUDSONDIRECTOR

KRISTA MCWILLIAMSVP NW REGION

RICHARD GILLILANDDIRECTOR

ROBERT G ARMSTRONGDIRECTOR

RON HILLMANDIRECTOR

RORY MCMINNDIRECTOR

RYAN DAVISDIRECTOR

SAM SHIVERICKDIRECTOR

T GREG MERRIONDIRECTOR

TOM MULLINSDIRECTOR

TUCKER BAYLESSDIRECTOR

JARED HEMBREEPAST PRESIDE

CLAIRE CHASEDIRECTOR

ED LAUERDIRECTOR

EMMONS YATESSE VICE PRES

FRANK GORHAMDIRECTOR

FRANK YATESDIRECTOR

GEORGE YATESDIRECTOR

GLEN PAPPDIRECTOR

GREG NIBERTDIRECTOR

HANSON YATESDIRECTOR

ALEX CAMPBELLDIRECTOR

JEFF HARVARDDIRECTOR

JIM WINCHESTEREXECUTIVE DI

JOHN ALEXANDERDIRECTOR

JOHN BYROMDIRECTOR

JOHN THOMASDIRECTOR

JOHN THOMPSONDIRECTOR

JOSH LAMBERTONDIRECTOR

JUSTIN MCCLELLANDDIRECTOR

About this charity

Recognized since: January 1979
Location: PO BOX 6101, ROSWELL, NM 88202-6101
County: Chaves
In care of: MITCH KRAKAUSKAS
Primary officer: MITCH KRAKAUSKAS, SECRETARY/TREASURER

How to reach them

WebsiteVisit the charity’s website Emailinfo@ipanm.org Phone(575) 622-2566 Officer phone(575) 420-1181

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RITTER & COMPANY LLC
NTEE classification: Science & Technology (U)
IRS tax category: Science & Technology