Civic Intelligence

North Carolina Petroleum & Convenience

EIN 56-0340977 • 501(c)6 • Raleigh, NC

Profile

The association exists for the sole purpose of promoting the welfare and protecting the interest of those engaged in marketing and distribution of petroleum products in north carolina

7300 Glenwood AveRaleigh, NC 27612

www.ncpcm.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.20x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.35x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

8.0%

Faster asset growth than 58% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,198,825

Up $311,614 (+8.0%) from 2023

Liabilities

Up

$851,036

Up $22,251 (+2.7%) from 2023

Net Assets

Up

$3,347,789

Up $289,363 (+9.5%) from 2023

Revenue

Up

$2,446,667

Up $308,643 (+14%) from 2023

Expenses

Up

$2,201,117

Up $147,900 (+7.2%) from 2023

Net Income

Up

$245,550

Up $160,743 (+190%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $2,196,160Liabilities 2011: $26,593Net Assets 2011: $2,169,5672011Assets 2012: $2,290,280Liabilities 2012: $28,252Net Assets 2012: $2,262,0282012Assets 2013: $2,391,233Liabilities 2013: $36,994Net Assets 2013: $2,354,2392013Assets 2014: $2,468,336Liabilities 2014: $55,115Net Assets 2014: $2,413,2212014Assets 2015: $2,571,589Liabilities 2015: $52,888Net Assets 2015: $2,518,7012015Assets 2016: $2,710,757Liabilities 2016: $53,338Net Assets 2016: $2,657,4192016Assets 2017: $3,052,218Liabilities 2017: $25,496Net Assets 2017: $3,026,7222017Assets 2018: $3,325,073Liabilities 2018: $53,890Net Assets 2018: $3,271,1832018Assets 2019: $3,470,375Liabilities 2019: $83,626Net Assets 2019: $3,386,7492019Assets 2020: $3,713,335Liabilities 2020: $413,538Net Assets 2020: $3,299,7972020Assets 2021: $4,013,688Liabilities 2021: $783,972Net Assets 2021: $3,229,7162021Assets 2022: $3,689,233Liabilities 2022: $831,998Net Assets 2022: $2,857,2352022Assets 2023: $3,887,211Liabilities 2023: $828,785Net Assets 2023: $3,058,4262023Assets 2024: $4,198,825Liabilities 2024: $851,036Net Assets 2024: $3,347,7892024

Highlighted filing

2024

Assets$4,198,825
Liabilities$851,036
Net Assets$3,347,789

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,443,540Expenses 2011: $1,379,779Net Income 2011: $63,7612011Revenue 2012: $1,629,862Expenses 2012: $1,607,460Net Income 2012: $22,4022012Revenue 2013: $1,476,948Expenses 2013: $1,533,932Net Income 2013: -$56,9842013Revenue 2014: $1,508,167Expenses 2014: $1,469,975Net Income 2014: $38,1922014Revenue 2015: $1,511,688Expenses 2015: $1,364,167Net Income 2015: $147,5212015Revenue 2016: $1,600,803Expenses 2016: $1,567,339Net Income 2016: $33,4642016Revenue 2017: $1,621,007Expenses 2017: $1,445,742Net Income 2017: $175,2652017Revenue 2018: $1,647,378Expenses 2018: $1,454,349Net Income 2018: $193,0292018Revenue 2019: $1,825,467Expenses 2019: $1,625,016Net Income 2019: $200,4512019Revenue 2020: $2,218,949Expenses 2020: $1,278,498Net Income 2020: $940,4512020Revenue 2021: $1,726,524Expenses 2021: $1,796,605Net Income 2021: -$70,0812021Revenue 2022: $1,995,461Expenses 2022: $2,049,228Net Income 2022: -$53,7672022Revenue 2023: $2,138,024Expenses 2023: $2,053,217Net Income 2023: $84,8072023Revenue 2024: $2,446,667Expenses 2024: $2,201,117Net Income 2024: $245,5502024

Highlighted filing

2024

Revenue$2,446,667
Expenses$2,201,117
Net Income$245,550

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.85$3.35$2.45$2.20$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.83$3.06$2.14$2.05$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.83$2.86$2.00$2.05$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.78$3.23$1.73$1.80$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$0.41$3.30$2.22$1.28$0.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.08$3.39$1.83$1.63$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.05$3.27$1.65$1.45$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$0.03$3.03$1.62$1.45$0.18
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.05$2.66$1.60$1.57$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.57$0.05$2.52$1.51$1.36$0.15
2014Detailed filing. Detailed filing data is available for this year.$2.47$0.06$2.41$1.51$1.47$0.04
2013Summary only. Only limited summary data is available for this year.$2.39$0.04$2.35$1.48$1.53$0.06
2012Summary only. Only limited summary data is available for this year.$2.29$0.03$2.26$1.63$1.61$0.02
2011Summary only. Only limited summary data is available for this year.$2.20$0.03$2.17$1.44$1.38$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$2,608,672
Mission and Program Overview

Mission

The association exists for the sole purpose of promoting the welfare and protecting the interest of those engaged in marketing and distribution of petroleum products in north carolina

The association exists for the sole purpose of promoting the welfare and protecting the interest of those engaged in marketing and distribution of petroleum products in north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,581,403$1,854,589▲ $273,186
Investments in Publicly Traded Securities$1,666,599$1,826,978▲ $160,379
Land, Buildings, and Equipment, Net$407,541$373,609▼ $33,932
Prepaid Expenses and Deferred Charges$40,135$69,750▲ $29,615
Cash and Non-Interest-Bearing Accounts$166,045$49,647▼ $116,398
Accounts Receivable$25,488$24,252▼ $1,236
Total Assets$3,887,211$4,198,825▲ $311,614
Liabilities
Deferred Revenue$824,024$842,511▲ $18,487
Accounts Payable and Accrued Expenses$4,761$8,525▲ $3,764
Total Liabilities$828,785$851,036▲ $22,251
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,058,426$3,347,789▲ $289,363
Total Net Assets Fund Balance$3,058,426$3,347,789▲ $289,363
Total Liabilities and Net Assets / Fund Balance$3,887,211$4,198,825▲ $311,614

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48$1,114,374$1,114,422
Land$241,566-$241,566
Other Land Buildings$80,050$91,050$171,100
Equipment$11,758$145,612$157,370
Leasehold Improvements$40,187$92,075$132,262
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary HarrisExecutive DirectorFT$159,400$39,237$198,637
Timothy LaughlinTechnical Director/engineeFT$123,850$17,756$141,606
Sharon VinsonTrade Show DirectorFT$110,501$20,520$131,021

Board Members and Trustees

NameTitle
Audrey ShearinImmediate Past President
Beau WaddellPresident
Jason CherryVice President
Angela ClinardBoard Member
Bubba HopkinsBoard Member
Chris OliverBoard Member
Davis ClarkBoard Member
Howell ClarkBoard Member
John GarverBoard Member
Johnny RobertsonBoard Member
Josh DaileyBoard Member
Kevin GarrisonBoard Member
Miles HarrellBoard Member
Nick RobertsBoard Member
Randy DavisBoard Member
Scott ShealeyBoard Member
Terry KennedyBoard Member
Will BerryBoard Member
Zach BumgarnerBoard Member
John ClarkEma Director
Lars SimonsenAttorney
Howell ClarkExecutive Committee Member
Ed TurlingtonLegislative
Sam MetzlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,600
Program Service Revenue
$1,948,151
Investment Income
$150,196
Other Revenue
$340,720
All Other Contributions
$7,600
Change in Net Assets
$245,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,432,603
Salaries, Compensation, and Employee Benefits$736,014
Grants and Similar Amounts Paid$32,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$781,235$11,323-$792,558
Other Salaries and Wages$311,854$103,952-$415,806
Current Officers, Directors, Trustees, and Key Employees$148,978$49,659-$198,637
Travel$75,536$25,179-$100,715
Fees for Services Legal$72,000$24,001-$96,001
All Other Expenses$63,547$21,182-$84,729
Information Technology$49,671$16,557-$66,228
Office Expenses$46,055$15,352-$61,407
Payroll Taxes$33,729$11,243-$44,972
Other Employee Benefits$30,728$10,244-$40,972
Pension Plan Contributions$26,720$8,907-$35,627
Depreciation Depletion-$33,932-$33,932
Other Expenses$19,739$12,580-$32,319
Insurance$14,992$4,997-$19,989
Grants to Domestic Orgs$18,000--$18,000
Fees for Services Accounting-$15,500-$15,500
Grants to Domestic Individuals$14,500--$14,500
Fees for Service Investment Mgmnt Fees-$10,757-$10,757
Interest-$1,448-$1,448
Total Functional Expenses$1,795,049$406,068$0$2,201,117
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carolina Fuel InstituteRaleigh, NC-Promoting the merits of fuel oil by educating and informing the public about the benefits of fuel oil for heating and other purposes.$18,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$89,850
Total Nondeductible Lobbying and Political Cost$89,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The organization has four classes of members: active, supplier, refiner/distiller and honorary. Only active members in good standing are allowed to vote.

Form 990, Part VI, Section A, line 7A

The members vote on a board of directors at the annual convention. The terms are for three years.

Form 990, Part VI, Section A, line 7B

The elected board of directors approve the normal operations of the organization, however, a change in bylaws etc. Have to be approved by the membership.

Form 990, Part VI, Section B, line 11B

The 990 is reviewed by the executive director before it is filed, and it is made available to the board of directors at their next meeting.

Form 990, Part VI, Section B, line 15

The board of directors determine annually the compensation and benefits to be paid to its employees including the executive director.

Form 990, Part VI, Section C, line 18

Documents are made available upon request if requested by a member of the organization, and if request is by a non member that decision will be made on a case by case basis by the board of directors.

Form 990, Part VI, Section C, line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
North Carolina Petroleum & Convenience
EIN
56-0340977
Phone
9197824411
Address
7300 GLENWOOD AVE, RALEIGH, NC 27612

Signing Officer

Name
Gary Harris
Title
President
Phone
9197824411
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Harris
Formed
1927
Legal Domicile
Nc
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
24

Preparer

Firm
Stancil PC
Address
4909 Windy Hill Drive, Raleigh, NC 27609
Preparer
Nicholas Lombardi Jr
Phone
9198721260
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Association is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code. It is also exempt from North Carolina income and franchise taxes under the North Carolina Non-Profit Corporation Act. The Association is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the entity is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. As a result, the Association is subject to unrelated business income tax and is required to file an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS.

Raw XML AppendixShowing 400 of 662 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ASSOCIATION EXISTS FOR THE SOLE PURPOSE OF PROMOTING THE WELFARE AND PROTECTING THE INTEREST OF THOSE ENGAGED IN MARKETING AND DISTRIBUTION OF PETROLEUM PRODUCTS IN NORTH CAROLINA.
IRS990/AllOtherContributionsAmt07600
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IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2419237
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2620520
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IRS990/Form990PartVIISectionAGrp/PersonNm1JASON CHERRY
IRS990/Form990PartVIISectionAGrp/PersonNm2SAM METZLER
IRS990/Form990PartVIISectionAGrp/PersonNm3HOWELL CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm4AUDREY SHEARIN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm6LARS SIMONSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7ED TURLINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm8WILL BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm9ZACH BUMGARNER
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVIS CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm11ANGELA CLINARD
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSH DAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm13HOWELL CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN GARVER
IRS990/Form990PartVIISectionAGrp/PersonNm15BUBBA HOPKINS
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHNNY ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm17SCOTT SHEALEY
IRS990/Form990PartVIISectionAGrp/PersonNm18RANDY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm19MILES HARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm20NICK ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRIS OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm22KEVIN GARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm23TERRY KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm24GARY HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm25TIMOTHY LAUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm26SHARON VINSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5EMA DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt7LEGISLATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25TECHNICAL DIRECTOR/ENGINEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRADE SHOW DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01927
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt079744
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IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt014500
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt018000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt018000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0241749
IRS990/GrossReceiptsAmt02608672
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt066228
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IRS990/InsuranceGrp/ProgramServicesAmt014992
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IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt016600
IRS990/MissionDesc0THE ASSOCIATION EXISTS FOR THE SOLE PURPOSE OF PROMOTING THE WELFARE AND PROTECTING THE INTEREST OF THOSE ENGAGED IN MARKETING AND DISTRIBUTION OF PETROLEUM PRODUCTS IN NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PUBLICATION EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SPECIAL PROJECTS
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueMiscGrp/Desc0INSURANCE ADMINISTRATI
IRS990/OtherRevenueMiscGrp/Desc1ENGINEERING SERVICES
IRS990/OtherRevenueMiscGrp/Desc2SPONSORSHIPS
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IRS990/OtherRevenueTotalAmt0340720
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0103952
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0415806
IRS990/PartialLiquidationInd00
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IRS990/PensionPlanContributionsGrp/TotalAmt035627
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040135

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