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Nonprofit · EIN 42-0332565

PETROLEUM MARKETERS OF IOWA

Also known as FUELIOWA

Tax-exempt · URBANDALE, IA 50322

Financials

$1.6M$1.5M2023$1.7M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of PETROLEUM MARKETERS OF IOWA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,664,501$1,577,718$86,783$3,670,028$608,928$3,061,100
June 30, 2024990$1,640,990$1,545,286$95,704$3,049,011$242,554$2,806,457
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$922,145
Investment income
$254,134
Royalties
$239,148
Other revenue
$488,222

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$277,841
Other salaries and wages
$396,414
Salaries, compensation and benefits (total)
$820,490
Professional fundraising fees
$0
Legal fees
$32,965
Accounting fees
$74,020
Occupancy
$66,571
Travel
$12,573
Depreciation
$2,568
Program services (functional)
$1,232,006
Management and general (functional)
$345,712

Balance sheet and other

Total assets, start of year
$3,049,011
Total assets, end of year
$3,670,028
Total liabilities, end of year
$608,928
Net assets, end of year
$3,061,100
Land, buildings and equipment
$7,704
Publicly traded securities
$2,479,498
Net assets without donor restrictions
$3,061,100
Gross unrelated business income
$391,718
Gross receipts
$1,664,501
Employees
5
Volunteers
17
Year formed
1937
State of legal domicile
IA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
REO MENNINGFORMER EXEC.
Former
–$0$193,347$39,243
GARY KOERNERCEO
Officer
40$191,024$0$40,628
RONALD N LANGSTON LEFT MAY 2024FORMER PRES.
Former
0$210,362$0$18,865
JOHN MAYNESPRES, GOV'T.
Highest-paid employee
40$166,547$0$54,980
JAMES EWINGDIR, MEMBERS
Highest-paid employee
40$104,952$0$39,159
BRIAN BEERSPROJECT MANA
Highest-paid employee
–$0$112,969$30,758
CHAD BESCHDIRECTOR
Trustee or director
0.25$0$0$0
DON BURDDIRECTOR
Trustee or director
0.25$0$0$0
DENNIS JAEGERDIRECTOR
Trustee or director
0.25$0$0$0
BRETT KIMMESDIRECTOR
Trustee or director
0.25$0$0$0
SCOTT MOOREDIRECTOR
Trustee or director
0.25$0$0$0
DAVE REIFDIRECTOR
Trustee or director
0.25$0$0$0
SCOTT RICHARDSONDIRECTOR
Trustee or director
0.25$0$0$0
NATE STUMPFDIRECTOR
Trustee or director
0.25$0$0$0
WADE FOWLERDIRECTOR
Trustee or director
0.25$0$0$0
8 more people on this return
NameTitleHours / weekCompensation
CARA INGLEDIRECTOR
Trustee or director
0.25$0
ED ROGERSDIRECTOR
Trustee or director
0.25$0
CHRIS BIELLIER LEFT DECEMBER 2024DIRECTOR
Trustee or director
0.25$0
TIA EISCHEID LEFT DECEMBER 2024DIRECTOR
Trustee or director
0.25$0
TESSA FAHEY ANDERSONCHAIR
Trustee or director, Officer
0.25$0
NATE LINCOLNVICE CHAIR
Trustee or director, Officer
0.25$0
JASON STAUFFERTREASURER
Trustee or director, Officer
0.25$0
KEITH OLSENIMMEDIATE PA
Trustee or director, Officer
0.25$0
990 for the year ended June 30, 2024: 22 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
REO MENNINGFORMER EXEC.
Former
–$0$183,802$36,550
RONALD N LANGSTON LEFT MAY 2024FORMER PRES.
Officer
40$167,722$0$46,045
GARY KOERNERCEO
Officer
40$159,944$0$35,168
JOHN MAYNESREG. AFFAIRS
Highest-paid employee
40$134,206$0$51,706
CHAD BESCHDIRECTOR
Trustee or director
0.25$0$0$0
DON BURDDIRECTOR
Trustee or director
0.25$0$0$0
TIA EISCHEIDDIRECTOR
Trustee or director
0.25$0$0$0
DENNIS JAEGERDIRECTOR
Trustee or director
0.25$0$0$0
SCOTT MOOREDIRECTOR
Trustee or director
0.25$0$0$0
SCOTT RICHARDSONDIRECTOR
Trustee or director
0.25$0$0$0
JASON STAUFFERDIRECTOR
Trustee or director
0.25$0$0$0
CHRIS BIELLIERDIRECTOR
Trustee or director
0.25$0$0$0
WADE FOWLERDIRECTOR
Trustee or director
0.25$0$0$0
CARA INGLEDIRECTOR
Trustee or director
0.25$0$0$0
STEVE KIMMES LEFT DEC 2023DIRECTOR
Trustee or director
0.25$0$0$0
JOSEPH ZIETLOW LEFT DEC 2023DIRECTOR
Trustee or director
0.25$0$0$0
BEV JESSEN LEFT DEC 2023DIRECTOR
Trustee or director
0.25$0$0$0
NATHANIEL DODDRIDGE LEFT APR 2024DIRECTOR
Trustee or director
0.25$0$0$0
KEITH OLSENCHAIR
Trustee or director, Officer
0.25$0$0$0
TESSA FAHEY ANDERSONVICE CHAIR
Trustee or director, Officer
0.25$0$0$0
NATE LINCOLNTREASURER
Trustee or director, Officer
0.25$0$0$0
DAVE REIFIMMEDIATE PA
Trustee or director, Officer
0.25$0$0$0

Address and contacts

Address (IRS master file)
10430 NEW YORK AVE STE F, URBANDALE, IA 50322-3773
Principal officer (990 for 2024)
GARY KOERNER
Signed the 990
GARY KOERNER, CEO
Phone
(515) 224-7545
Return prepared by
MHCS PC

Mission

THE PURPOSES FOR WHICH THIS ORGANIZATION IS FORMED ARE: 1. TO PROMOTE THE INTEREST AND WELFARE OF THOSE MEMBERS ENGAGED IN THE MARKETING, DISTRIBUTION, MANUFACTURING OR BROKERING OF MOTOR FUEL, HEATING FUEL OR ALTERNATIVE FUEL ENERGY, RETAIL CONVENIENCE STORE OR VEHICLE PRODUCTS AND SERVICES AND TO FOSTER A SPIRIT OF FRIENDLY COOPERATION BETWEEN AND AMONG THE REFINERS, SUPPLIERS, MARKETERS, DISTRIBUTORS, CUSTOMERS AND OTHER SEGMENTS OF THESE INDUSTRIES IN IOWA; 2. TO RAISE THE PROFESSIONAL STANDARDS OF THE FUEL MARKETING, CONVENIENCE STORE AND VEHICLE RELATED INDUSTRIES; 3. TO PROMOTE AND ENCOURAGE SOUND AND ECONOMIC TRADE PRACTICES WITHIN THE FUEL MARKETING, CONVENIENCE STORE AND VEHICLE RELATED INDUSTRIES; 4. TO REPRESENT THE INTERESTS OF FUEL MARKETING, CONVENIENCE STORE OR VEHICLE PRODUCT AND SERVICE RELATED OPERATORS WITH LOCAL, STATE AND FEDERAL GOVERNMENT; 5. TO FOSTER THE PROGRESS OF THE FUEL MARKETING, CONVENIENCE AND VEHICLE RELATED INDUSTRIES THROUGH COOPERATION WITH SIMILAR

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATE AND ADVOCATE ON BEHALF OF MEMBERS - COMMUNICATE CRITICAL INFORMATION TO MEMBERS FREQUENTLY, AND PROVIDE BEST IN CLASS EXPERIENCES AND SOLUTIONS ON REGULATORY AND LEGISLATIVE HAPPENINGS. EDUCATING POLICYMAKERS AND THE PUBLIC ON POLICY ISSUES RELEVANT TO MEMBERS.
  • PUBLICATION OF TRADE MAGAZINES DISTRIBUTED TO MEMBERS. COPIES ARE ALSO DISTRIBUTED AT NO CHARGE TO NON MEMBERS, SUCH AS TRADE ORGANIZATIONS IN OTHER STATES.
  • CONVENTION, TRADE SHOW AND MEETINGS - MEMBERS ATTEND THE MEETINGS TO ELECT OFFICERS, REPORT ON PRIOR YEARS ACTIVITIES AND DISCUSS CURRENT PLANS.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-0332565
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1945
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,670,028
Income (IRS master file)
$1,664,501

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,664,501$1,577,718$3,670,028IRS
990June 2024$1,640,990$1,545,286$3,049,011XML
990June 2023$1,678,873$1,546,396$2,813,927IRS
990June 2022$1,629,473$1,458,181$2,364,008IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 42-0332565).

Questions about PETROLEUM MARKETERS OF IOWA

What is the EIN of PETROLEUM MARKETERS OF IOWA?
The employer identification number (EIN) of PETROLEUM MARKETERS OF IOWA is 42-0332565.
Is PETROLEUM MARKETERS OF IOWA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
Are donations to PETROLEUM MARKETERS OF IOWA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PETROLEUM MARKETERS OF IOWA 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 PETROLEUM MARKETERS OF IOWA due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PETROLEUM MARKETERS OF IOWA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PETROLEUM MARKETERS OF IOWA?
The 990 for the year ended June 30, 2025 names GARY KOERNER.
Who are the officers and directors of PETROLEUM MARKETERS OF IOWA?
The 990 for the year ended June 30, 2025 lists 23 people; 4 received compensation from the organization.
How much revenue does PETROLEUM MARKETERS OF IOWA have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,664,501, expenses of $1,577,718 and total assets of $3,670,028 at year end.

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