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Nonprofit · EIN 23-7395712

AMERICAN FATS AND OILS ASSOCIATION

Tax-exempt · COLUMBIA, SC 29211

Financials

$1M$484K2023$1.1M$837K2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN FATS AND OILS ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,070,371$837,268$233,103$1,354,801$0$1,354,801
December 31, 2023990$1,002,738$484,391$518,347$1,131,581$9,883$1,121,698
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$213,168
Membership dues
$213,168
Program service revenue
$820,396
Investment income
$36,807
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$20,791
Accounting fees
$275
Program services (functional)
$819,997
Management and general (functional)
$17,271

Balance sheet and other

Total assets, start of year
$1,131,581
Total assets, end of year
$1,354,801
Total liabilities, end of year
$0
Net assets, end of year
$1,354,801
Net assets without donor restrictions
$1,354,801
Gross receipts
$1,070,371
Employees
0
Year formed
1974
State of legal domicile
NJ

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.

NameTitleHours / weekCompensation
BRIAN OWENSIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
5$0
ANN PFAUTREASURER
Trustee or director, Officer
5$0
DAVE MACK1ST VP
Trustee or director, Officer
5$0
CHRIS PETERSONPRESIDENT
Trustee or director, Officer
5$0
LOGAN KUCH2ND VP
Trustee or director, Officer
5$0
CHRISTIAN HILDEBRANDSECETARY
Trustee or director, Officer
5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
JOHN REYNOLDSIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
5$0
BRIAN OWENSPRESIDENT
Trustee or director, Officer
5$0
ANN PFAUSECRETARY
Trustee or director, Officer
5$0
DAVE MACK2ND VP
Trustee or director, Officer
5$0
CHRIS PETERSON1ST VP
Trustee or director, Officer
5$0
LOGAN KUCHTREASUER
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 11035, COLUMBIA, SC 29211-1035
Principal officer (990 for 2024)
LEIGH FAIRCLOTH, 1425 RACCOON ROAD, SUMTER, SC 29150
Signed the 990
LEIGH FAIRCLOTH, EXECUTIVE DIRECTOR
Phone
(973) 379-8822
Return prepared by
Beverly C Winstead CPA PA

Mission

PREPARATION OF RULE BOOKS MEETINGS OF FATS OILS TRADE

990 for the year ended December 31, 2024

Program accomplishments

  • ANNUAL INTERIM MEETINGS AND DISCUSSIONS OF TRADE SHOWS
    Expenses $750,445
  • PREPARATION SALE OF RULE BOOKS AND STANDARD CONTRACTS FOR THE FATS OILS TRADE - POSTAGE, TYPING COPYING
    Expenses $69,552

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7395712
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,354,801
Income (IRS master file)
$1,070,371

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,070,371$837,268$1,354,801XML
990December 2023$1,002,738$484,391$1,131,581XML
990December 2022$728,044$545,872$619,484IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 23-7395712).

Questions about AMERICAN FATS AND OILS ASSOCIATION

What is the EIN of AMERICAN FATS AND OILS ASSOCIATION?
The employer identification number (EIN) of AMERICAN FATS AND OILS ASSOCIATION is 23-7395712.
Is AMERICAN FATS AND OILS ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
Are donations to AMERICAN FATS AND OILS ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AMERICAN FATS AND OILS ASSOCIATION 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 AMERICAN FATS AND OILS ASSOCIATION 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 AMERICAN FATS AND OILS ASSOCIATION 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 AMERICAN FATS AND OILS ASSOCIATION?
The 990 for the year ended December 31, 2024 names LEIGH FAIRCLOTH.
Who are the officers and directors of AMERICAN FATS AND OILS ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does AMERICAN FATS AND OILS ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,070,371, expenses of $837,268 and total assets of $1,354,801 at year end.

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