efile GRAPHIC rint - DO NOT PROCESS A For the 2007 I I I I I I Under section • The calendar B Check 1fapplicable Name change In1t1alreturn Final return 501(c), organ1zat1on 527, or 4947(a)( 1) of the Internal Revenue benefit trust or private foundation) may have to use a copy year, or tax year beginning ofth1s 01-01-2007 return to satisfy Code (except 0MB state reporting and ending 12-31-2007 D Employer identification • 53-0115970 E Telephone number Number and street (or PO box 1f mail 1snot delivered to street address) Room/suite 1899 L STREETNW No 1000 (202) City or town, state or country, and ZIP+ 4 WASHINGTON, DC 20036 457-0480 F Accounting method I .. http //www I Other (specify) npra org • F • (insert no) I K Check here 1fthe organ1zat1on1snot a 509(a)(3) supporting organ1zat1onand its gross receipts are normally not more than 25,000 A return 1snot required, but 1fthe organ1zat1onchooses to file a return, be sure to file a complete return 501(c) (6) 4947(a)(l) or ..... •:.t gifts, and Changes grants, Contributions to donor advised b D 1rect public C Ind I rect pub I 1c sup port (not inc I uded on 11ne 1 a) d Government e Total (add lines contributions la through service 3 Membership 4 Interest revenue D1v1dends and interest Gross rents b Less rental C Net rental Sa Gross I Yes I No H(d) Is this a separate return filed by an organization covered by a group ruling? Yes No I Group M 1fthe organ1zat1on1snot required to Check attach Sch B (Form 990, 990-EZ, or 990-PF) H(c) Are all affiliates included? I Exemption • amount F • F {See the instructions.) le on line 1 a) (cash$ 1d noncash 1nclud1ng government le ) $ fees and contracts (from P a rt V I I , I In e 9 3 ) cash investments 2 6,426,970 3 3,412,143 4 from securities 5 I investment Number lb expenses income • la (not included and temporary 6a Other No dues and assessments on savings 5 7 ld) F or Fund Balances on I 1ne 1 a) (grants) Yes If "Yes" enter number of affiliates received funds sup port (not Included I Is this a group return for affiliates? H(b) 12,390,001 in Net Assets and s1m1lar amounts a Program • 6b, Sb, 9b, and 10b to line 12 Expenses, Contributions, 2 a-- Add lines Revenue, 1 ~ iii receipts • H(a) 1527 •I Gross Accrual (If "No," attach a list See instructions) Organization type (check only one) F Cash H and I are not appltcable to sectton 527 orgamzattons J L number NATIONALPETROCHEMICAL& REFINERSASSOCIATION Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ). G Web site: 1545-0047 Open to Public Inspection requirements Amended return Application pending No 2007 black lung C Name of organization Please use IRS label or print or type. See Specific Instructions. Address change DLN:93490304003058 Return of Organization Exempt From Income Tax Form990 De pa rtme nt of the Treasury Internal Revenue Se rv 1ce As Filed Data - 6a 546,491 I 6b or (loss) subtract income (describe from sales of assets line 6b from line 6a • 6c ) 7 (A) Securities (B)Other •LJ er: other b than inventory Less cost or other basis and sales expenses C Gain or (loss) d Net gain or (loss) 9 Special a events schedule) Combine Less direct line Sc, columns and act1v1t1es (attach C Net income expenses or (loss) other 1,861,750 Sb 142,647 Sc (A) and (B) Sd If any amount schedule) 1s from gaming, I events Subtract line 9b from line 9a 9c I 10a I sales cost C Gross profit or (loss) from sales of inventory (attach schedule) Subtract line 10b from line 10a 12 Total revenue 13 Program 14 Management services iii .. 15 Fundra1s1ng LL.I 16 Payments 17 Total expenses 18 Excess 19 Net assets 20 Other 21 Net assets 10b 10c P a rt V II , I I n e 1 0 3 ) (from and general (from and allowances sold Add lines "' ~ •1 I Less 0 the r rev e nu e (from here 9b Gross 11 less returns expenses 9a b of goods check 142,647 of than fundra1s1ng from special of inventory, Sa ',!;I Gross revenue (not Inc lud Ing $ contributions reported on line lb) b 10a (attach 2,004,397 le, 11 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, line 44, column 12 (B)) 10,528,251 13 (from line 44, column line 44, column and 11 (C)) 14 (D)) 15 Cl. 1"' "' "'-. 7G 2 to aff1l1ates (attach Add lines schedule) 16 and 44, column or (def1c1t) for the year Subtract or fund balances changes 1n net assets or fund balances For Privacy Act and Paperwork 16 Reduction (A) line 17 from line 12 at beg1nn1ng of year (from line 7 3, column or fund balances (attach at end of year Combine explanation) lines Act Notice, see the separate (A)) ',!;I 18, 19, and 20 instructions. Cat No 11282Y 17 10,808,750 18 -280,499 19 8,763,608 20 -935,405 21 7,547,704 Form 990 (2007) Form 990 (2007) lffii•i Statement Functional of Expenses column (A) Columns and section 4947(a)(1) Do not include amounts reported on line 6b, Sb, 9b, 10b, or 16 of Part I. 22a Grants paid from donor advised (cash$ noncash funds Other grants and allocations 24 Benefits paid to or for members (attach schedule) 25a Compensation of current officers, directors, etc Listed In Part V-A (attach schedule) • ' • ' ) 22b 23 24 key employees 25a 1,242,051 Compensation of former officers, directors, etc listed In Part V-B (attach schedule) C Compensation and other d1stribut1ons not 1cluded above to d1squal1f1ed persons (as defined under section 49 58 (f)(l )) and persons described In section 4958(c)(3)(B) (attach schedule) 25c 26 Salaries on lines 26 2,380,850 27 Pension plan contributions lines 25a, band c 27 509,370 28 Employee 25a - 27 28 348,169 29 Payroll 29 218,545 key employees 25b not included not included on on lines taxes 30 Professional 31 Accounting 32 Legal fees 32 33 Supplies 33 36,507 34 Telephone 34 29,012 fundra1s1ng Postage 36 0 ccupancy 37 Equipment 38 Printing 39 Travel 40 Conferences, 41 Interest 31 and sh1pp1ng rental and maintenance and publ1cat1ons conventions, and meetings Deprec1at1on, 43 Other depletion, expenses See Add1t1onal etc (attach not covered above 35 16,800 36 434,566 37 50,597 38 48,320 39 117,525 40 2,537,480 42 schedule)~ 174,077 (1tem1ze) 43a Data Table b 43b C 43c d 43d e 43e f 43f g 43g expenses. Add Imes 22a through 43g (Organ1zat1onscompleting columns (B)-(D), carry these totals to Imes 13-15) Joint Costs.Check 1f you are following SOP 98-2 44 61,703 41 42 a 30 fees fees 35 (D) Fundra1smg 22a b not included (C) Management and general schedule) Spec1f1cassistance to 1nd1v1duals (attach schedule) benefits (B) Program services ) (attach and wages of employees 25a, band c (B), (C), and (D) are required for section nonexempt charitable trusts but optional Schedule) $ (cash$ noncash $ If this amount includes foreign grants, check here 23 (A) Total (attach If this amount includes foreign grants, check here 22b 2 Page All organIzatIons must complete 501(c)(3) and (4) organIzatIons for others (See the instructions.) Total functional • Are any Joint costs If "Yes," 44 10,808,750 I from a combined educational campaign and fundra1s1ng enter (i) the aggregate amount of these Joint costs$ (iii) the amount allocated to Management and general$ _______ sol1c1tat1on reported In (B) Program services? , (ii) the amount allocated to Program services$ , and (iv) the amount allocated to Fundra1s1ng $ • I Yes ______ I No _ Form 990 (2007) Form 990 (2007) Page iiifi•Oi Statement of Program Service 3 (See the instructions.) Accomplishments Form 990 Is available for public InspectIon and, for some people, serves as the primary or sole source of 1nformat1on about a particular organIzatIon How the public perceives an organIzatIon In such cases may be determined by the 1nformat1on presented on its return Therefore, please make sure the return Is complete and accurate and fully describes, In Part III, the organ1zat1on's programs and accomplishments What Is the organ1zat1on's primary exempt purpose? • -Promoting the general welfare of its members by gathering and d1ssem1nat1ng historical and sc1ent1f1c 1nformat1on and statIstIcs relating to the petroleum ref1 nIng and petroc he mIc a I manufacturing Ind us tries Serving as an effective channel of communIcatIon of the industry 1nformat1on among members,other assocIatIons, the government and the public All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organIzatIons and 4947(a)(l) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) a Serving as an effective channel ofcommun1cat1on assocIatIons, the government and the public of the industry 1nformat1on among members, Program Service Expenses (Required for 501(c)(3) and (4) orgs, and 4947(a)(l) trusts, but optional for others ) other (Grants and allocations$ Ifth1s amount includes foreign grants, check here • 1 (Grants and allocations$ Ifth1s amount includes foreign grants, check here • 1 (Grants and allocations$ Ifth1s amount includes foreign grants, check here • 1 (Grants and allocations$ Ifth1s amount includes foreign grants, check here • 1 Ifth1s amount includes foreign grants, check here • b C d e Other program services (Grants and allocations$ f Total of Program (attach schedule) Service Expenses (should equal line 44, column (B), Program services) 1 • Form 990 (2007) Form 990 •ihiiN Balance Sheets C as h- non - 1n t e rest- be a ring 46 Savings and temporary 47a Accounts receivable 48a b Less allowance Pledges Less cash accounts for doubtful 50a Receivables from current and former key employees (attach schedule) b 52 receivable allowance for doubtful trustees, 1,249,908 1,490 47c -1,543 and (as defined under section 50b (attach 51b 51c 52 Investments-other securities Investments-land, equipment bas Is buildings, Less accumulated schedule) deprec1at1on 56 Investments-other 57a Land, buildings, (attach • schedule) I 54a FMV F Cost FMV 9,015,353 54b (attach 56 basis deprec1at1on Total assets (must 61 Grants 62 Deferred 63 Loans from officers, 9,587,091 55c schedule) and equipment Accounts ~ (attach 55b 60 300,079 53 and 57a 1,256,757 57b 1,052,889 (attach 1nclud1ng program-related • • 1 1 Cost 55a Less accumulated schedule) Other assets, (describe 218,976 charges sec unties eq ua I I Ine 7 4) payable and accrued 315,616 57c ~ 203,868 358,832 58 ~ 179,805 11,079,150 59 11,519,803 877,016 60 1,791,427 investments ) ,,. 46 48c directors, accounts ly-traded 59 1,168,583 for sale or use Pre pa 1d ex pens es and deferred 58 3,073 595 I 51a I I nves tme nts-publ1c b 47b 45 50a and loans 54a b officers, Other notes schedule) 53 55a 1,530 300 49 from other d1squal1f1ed persons (attach schedule) Inventories b 47a End of year receivable Receivables 4958(c)(3)(B) Less (B) (A) Beg1nn1ng of year 48b accounts Grants 51a the descnpt1on 48a rec e Iva ble 49 b within investments for doubtful allowance 4 (See the instructions.) 45 b <:l'. Page Where required, attached schedules and amounts column should be for end-of-year amounts only. Note: ,.,, a: ,.,, ,.,, (2007) Add I Ines 4 5 through 58 expenses 61 payable 1,106,327 revenue directors, trustees, and key employees 1,973,860 62 (attach I 63 schedule) ,, '' 64a b Tax-exempt a, g rJ CJ (0 ,::; :;:: Other 66 Total liabilities Unrestricted 68 Temporarily 69 Permanently Organizations complete ,.,, a: ,.,, J a: Add lines that follow 67 :::; notes payable schedule) (attach 64b ) 60 through 65 SFAS 117, check here 69 and lines 64a schedule) • l1abl1l1t1es (describe 67 through LL 0 and other 65 Organizations ,.,, bond l1ab1l1t1es (attach Mortgages • p- and complete 66 3,972,099 8,763,608 67 7,547,704 68 69 Pa1d-1n or capital stock, SFAS 117, check here 70 through Capital trust 1 and 74 principal, surplus, • or current 70 funds or land, building, and equipment Retained 73 Total net assets or fund balances Add lines 67 through 69 or lines 70 through 72 (Column (A) must equal line 19 and column (B) must equal earnings, endowment, accumulated income, 71 fund 72 or other line 21) 74 2,315,542 lines restricted 71 206,812 7 3 and 74 that do not follow 70 z 65 restricted lines ~ 332,199 Total liabilities and net assets / fund balances Add Imes 66 and 73 72 funds 8,763,608 11,079,150 73 74 7,547,704 11,519,803 Form 990 (2007) Form 990 (2007) Page •:ifii@.i a Total b Reconciliation of Revenue the instructions.) revenue, A mounts gains, included 1 Net unrealized 2 Donated 3 Recoveries 4 Other and other per audited Financial Statements f1nanc1al statements a on investments bl and use offac1l1t1es b2 b3 of prior year grants bl through b Subtract line b from line a d Amounts included Investment 6b 8,356 b4 C Other 10,535,614 -99 3 b4 2 per Return (See (specify) Add lines 1 With Revenue on line a but not on Part I, line 12 gains services support per Audited 7,363 10,528,251 C on Part I, line 12, but not on line a expenses not included on Part I, line dl (specify) d2 Add lines e dl and d2 Total revenue (Part d I, line 12) Add lines c and 10,528,251 • d •~1.;a1,.e1:• Reconciliation a Total expenses b A mounts of Expenses and losses included per audited per Audited 1 Donated Prior year adJustments 20 Financial Statements With Expenses f1nanc1al statements :>er Return a 10,807,597 3 Losses 20 4 Other bl and use offac1l1t1es reported e on line a but not on Part I, line 17 2 services 7,363 reported on Part I, line b2 on Part I, line b3 (specify) b4 Add lines C d bl through b4 Subtract line b from line a Amounts included 1 Investment 6b 2 Other b C on Part I, line 17, but not on line a: expenses not included on Part I, line dl (specify) d2 Add lines e dl and d2 Total expenses (Part I, line 17) Add lines c and 1,153 10,808,750 • e Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, director, trustee, or key employee at any time during the year even 1f they were not compensated.) (See the instructions.) (A) Name and address See Add1t1onal 1,153 d d • :.,-;1iili_,.,:;;,_•- 10,807,597 (B) Title and average hours (C) Compensation per week devoted to posItIon (If not paid, enter -0-.) (D) Contributions to employee benefit plans & deferred compensation plans (E) Expense account and other allowances Data Table Form 990 (2007) 5 Form 990 (2007) • ~111•,..::::r•• 75a Page Current Enter the total Officers, number Directors, of officers, directors, Trustees, and Key Employees and trustees permitted to vote (continued) on organ1zat1on employees directors, listed contractors employees listed contractors listed d or II-B, a statement that that A, Part II-A are related a statement that listed related or highest and other through at board listed 1n Form 990, compensated receive the 1nformat1on of interest Part V-A, professional compensation described or business the relat1onsh1p(s) or highest and other 75b No 75c No compensated independent from any other See the 1nstruct1ons compensated independent family 1dent1f1es the 1nd1v1duals and explains or II-B, conflict Part V-A, professional to each other to the organ1zat1on? includes have a written 1n Form 990, compensated or key employees A, Part I, or highest 1n Schedule Does the organ1zat1on • ~lill-•.CI:• A, Part II-A trustees, 1n Schedule tax exempt or taxable, organ1zat1on" attach attach directors, or key employees A, Part I, or highest 1n Schedule If "Yes," Do any officers, trustees, 1n Schedule listed relat1onsh1ps? If "Yes," business organ1zat1ons, whether for the def1n1t1on of "related .• 1n the 1nstruct1ons policy? 75d Yes Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the aoorooriate column. See the instructions.) (A) Name and address l:r-Rilll''• (C) Compensation (If not paid enter -0- ) (B) Loans and Advances Other Information (D) Contributions to employee benefit plans and deferred compensation plans (E) Expense account and other allowances (See the instructions.) Yes No Did the organization make a change in its act1v1t1esor methods of conducting act1v1t1es? If "Yes," attach a 76 detailed statement of each change 77 Were any changes If"Yes," 78a attach made 1n the organ1z1ng or governing a conformed copy documents but not reported to the IRS? has 1t filed a tax return 76 No 77 No 78a No of the changes Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? b If "Yes," 79 on Form 990-T for this year? 78b Was there a llqu1dat1on,d1ssolut1on,termination, or substantial contraction during the year? If "Yes," attach a statement 80a 79 No Is the organization related (other than by assoc1at1onwith a statewide or nat1onw1deorganization) through common membership, governing bodies, trustees, officers, etc, to any other exempt or nonexempt organization? b If "Yes," enter the name of the organ1zat1on • NPRA Pol1t1cal Action and check 81a Enter 6 No .•13 meetings b A re any officers, C Yes d 1rect or Ind 1rect pol1t1c a I expend 1tures b Did the organ1zat1on file Form 1120-POL for this Yes Committee whether (See line 81 1nstruct1ons) year? 80a 1t 1s I exempt or . I s1a I F nonexempt 81b No Form 990 (2007) Form 990 •~1.;a,M 82a (2007) • Page Other Information (continued) Yes Did the organIzatIon receive donated services at substantially less than fair rental value? or the use of materials, equipment, or fac1l1t1es at no charge No or 82a No b If "Yes," you may indicate the value of these items here Do not include this amount as revenue I 82b I in Part I or as an expense in Part II (See instructions in Part III) 83a Did the organIzatIon comply with the public b Did the organIzatIon comply with the disclosure 84a Did the organIzatIon b If "Yes," InspectIon sol1c1t any contributions did the organIzatIon include requirements requirements for returns relating and exemption 83a appl1cat1ons? 84a or gifts that were not tax deductible? with every sol1c1tat1on an express statement that such contributions 501(c)(4), 84b If "Yes," received make only in-house 162(e) e Aggregate f Taxable lobbying all dues nondeductible expenditures of$2,000 was ans we red to e 1the r 8 5 a or 8 5 b, do not complete a waiver for proxy tax owed the prior year c Dues assessments, d Section a Were substantially (5), or (6) organizations. b Did the organIzatIon and s1m1lar amounts lobbying amount h If section amount of lobbying g Does the organIzatIon 8 5 c through 8 5 h be low unless from members of section 6033(e)(l)(A) dues notices and pol1t1cal expenditures elect to pay the section 6033(e)(l)(A) dues notices estimate of dues allocable reasonable year? by members? or less? and pol1t1cal expenditures nondeductible No or gifts were not tax deductible? 85 Yes 83b to quid pro quo contributions? (line 85d 6033(e) less 85e) tax on the amount 85a No 85b No 85g No the orga nIzatIon 85c 3,412,143 85d 982,184 85e 709,726 85f 272,458 on line 85f? were sent, does the organIzatIon agree to add the amount on line 85fto its to nondeductible lobbying and pol1t1cal expenditures for the following tax 85h 86 501(c)(7) b Gross orgs. Enter receipts, 501(c)(12) 87 b Gross sources 88a a In1t1at1on fees and capital included orgs. Enter on line 12, for public a Gross income from other against amounts income 89a 501(c)(3) If yes complete organizations section 4911 Enter Yes 86a 86b 87a due or paid to other 87b own a 50% or greater from the organIzatIon directly or 1nd1rectly interest In a taxable corporation or under Regulations sections 301 7701-2 own a controlled entity 88a No 88b No w1th1n the meaning Part XI Amount • on line 12 or shareholders sources (Do not net amounts due or received from them) b At any time during the year, did the organIzatIon 512(b)(13)? included use of club fac1l1t1es from members At any time during the year, did the organIzatIon partnership, or an entity disregarded as separate and 301 7701-3? If"Yes," complete Part IX of section contributions of tax imposed , section 4912 on the organIzatIon during • the year under , section 4955 • b 501(c)(3) and 501(c)(4) orgs. Did the organIzatIon engage In any section 4958 excess benefit transaction during the year or did It become aware of an excess benefit transaction from a prior year? If "Yes," attach a statement expla1n1ng each transaction c Enter during d Enter A mount of tax imposed the year under sections Amount e All organizations. transaction? on the organIzatIon managers 4912, 4955, and 4958 of tax on line 89c, At any time above, during reimbursed or d1squal1f1ed persons • • by the organIzatIon the tax year was the organIzatIon a party 89b 0 to a proh1b1ted tax shelter 89e f All organizations. Did the organIzatIon acquire direct or 1nd1rect interest In any applicable insurance contract? 89f No 89g No g For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organIzatIon, or a fund ma1nta1ned by a sponsoring organIzatIon, have excess business holdings at any time during the year? 90a List the states with which b Number of employees 1nstruct1ons) 9 ia employed The books are In care of Located • at 1899 a copy return Is filed In the pay period that • DC ---------------------~--~----------March 12, 2007 (See Telephone NW DC ZIP +4 b At any time during the calendar over a f1nanc1al account account)? If"Yes,"enterthe See the InstructIons F1nanc1al Accounts 90b includes •---------------------------N PRA L Street Washington, ofth1s no • (202) 28 457-0480 •---------------20036 year, did the organIzatIon have an interest In or a signature or other authority In a foreign country (such as a bank account, securities account, or other f1nanc1al 91b name of the foreign for exceptions Yes country No No •---------------------------- and f1l1ng requirements for Form TD F 90-22.1, Report of Foreign Bank and Form 990 (2007) 7 Form 990 (2007) Page Other Information c At any time 92 during (continued) the calendar year, If"Yes,"enterthe name of the foreign Section 4947(a)(1) nonexempt and enter •~1...,.... the amount Analysis 93 did the organIzatIon trusts interest filing otherwise an office outside of the United Form 990 in lieu of Form 1041-C received of Income-ProducinQ unless maIntaIn States? or accrued during No Unrelated business income (A) (B) Business Amount code indicated. • I 92 I (See the instructions.) Activities .• heck here the tax year Excluded by section 512, 513, or 514 (C) ' (E) Related or exempt fu nctIon income (D) Exclusion code 8 No 91c •--------------------------- country charitable of tax-exempt Enter gross amounts Note: Yes Amount P rog ram s e rv Ic e revenue a Meetings 6,340,235 86,735 b Publ1cat1ons C d e f Med1care/Med1ca1d payments g Fees and contracts from government agencies 3,412,143 94 Membership 95 Interest on savings and temporary cash investments 96 D1v1dends and interest 97 Net rental dues and assessments income a debt-financed from securities or (loss) 14 546,491 18 142,647 from real estate property b non debt-financed property 98 Net rental income or (loss) from personal property 99 Other 100 Gain or ( loss) from sales of assets other than inventory investment income 101 Net income or (loss) from special 102 Gross profit or (loss) from sales 103 0 ther revenue events of inventory a b C d e 104 Subtotal 105 (add columns Total (add line 104, ... ,_,j .. Relationship of Activities The meetings 93b Publ1cat1ons serve as a channel petroleum Ind us try 94 Membership • :r-T-•• :• permit the assocIatIon to the Accomplishment Regardin!I (A) Name, address, and EIN of corporation, partnership, or disregarded entity to communicate of communIcatIon dues and assessments Information 10,528,251 equal the amount on line 12, Part I. of Exempt Purposes Line No . Explain how each actIvIty for which income Is reported In column (E) of Part VII contributed of the organ1zat1on's exempt purposes (other than by prov1d1ng funds for such purposes) 93a 9,839,113 .• (B), (D), and (E)) Note: Line 105 plus line 1e, Part I, should • :r., ... 689,138 (B), (D), and (E)) columns are integral Taxable 1nformat1on between other concerning to the ab1l1ty to provide Subsidiaries (B) Percentage of ownership interest the petroleum assocIatIons, industry the government, support (See the instructions.) importantly to the accomplishment among its members and the public concerning the and services and Disregarded Entities (See the instructions.) (E) (C) (D) Nature of actIvItIes Total income End-of-year assets % % % . % Information . . mstruct,ons.) Regarding Transfers Associated with Personal Benefit Contracts (a) Did the orgarnzatIon, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? (b) Did the organIzatIon, NOTE: If "Yes" to (b), during the year, file Form 8870 and pay premiums, directly or 1nd1rectly, on a personal benefit contract? (See the I I Yes Yes P- No P- No Form 4720 (see instructions). Form 990 (2007) Form 990 (2007) •@f3• Page Information a controlling Regarding Transfers To and From Controlled organization as defined in section 512(b)(13) Entities Complete only if the organization Yes 106 Did the reporting organIzatIon the Code? 1f "Yes," complete make any transfers to a controlled entity as defined the schedule below for each controlled entity (A) In section Employer Identification Number Description transfer No of (C) (B) Name and address of each controlled entity 512(b)(13) 9 is of Amount (D) of transfer a b C Totals Yes 107 Did the reporting organIzatIon the Code? 1f "Yes," complete receive any transfers from a controlled the schedule below for each controlled (A) entity entity as defined In section Employer Identification Number Description transfer No of (C) (B) Name and address of each controlled entity 512(b)(13) of Amount (D) of transfer a b C Totals Yes 108 Did the organIzatIon have a b1nd1ng written contract In effect royalties and annuItIes described In question 107 above? on August 17, 2006 covering the interests, No rents, Under penalties of perJury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, It Is true, correct, and complete Declaration of preparer (other than officer) Is based on all information of which preparer has any knowledge Please Sign Here ~ ~ Paid Preparer's Use Only I 2oos-10-3o Signature of officer Date CHARLEST DREVNA President Type or print name and title Preparer's signature • Firm's name ( or yours 1f self-employed), address, and ZIP + 4 Date • Check 1f selfempolyed Preparer's SSN or PTIN (See Gen Inst W) • r EIN • Johnson Lambert & Co LLP 700 Spring Forest Road Ste 335 Phone no • (919) 719-6400 Raleigh, NC 27609 Form 990 (2007) Additional Data Software Software ID: Version: EIN: 53-0115970 Name: Form 990, Part II, Line 43 - Other expenses Do not include amounts reported 6b, Sb, 9b, 10b, or 16 of Part a General b Other C Insurance d Supplemental e Taxes f Consulting g on line not covered NATIONAL PETROCHEMICAL & REFINERS ASSOCIATION above (B) Program services (A) Total I. 43a 321,254 43b 894,447 43c 77,787 43d 123,124 43e 9,561 43f 946,338 Bank Charges 43g 11,829 h Dues and Subscriptions 43h 83,472 i Business 43i 134,213 j MISCELLANEOUS 43j 1,153 O perat1ng Expenses and Fees Expenses Petrochemical and Licenses Fees Stat1st1cal EXPENSE Expenses (itemize): (C) Management and general (D) Fundraising Form 990, Part V-A - Current (A) Name and address Officers, Slaughter L Street NW Washington, DC 20036 President 1899 113007) 40 00 Charles President 1899 123107) 40 00 Maurice McBride 1899 L Street NW Washington, DC 20036 W Norman Ph1ll1ps 1899 L Street NW Washington, DC 20036 Kevin W Brown 1899 L Street NW wash1ngton, DC 20036 James Ma honey L Street NW Washington, DC 20036 1899 W1ll1am J Finnerty 1899 L Street NW Washington, DC 20036 Michael S Brown L Street NW Washington, DC 20036 1899 Paul Eisman 1899 L Street NW Washington, DC 20036 James Gallogly L Street NW Washington, DC 20036 1899 Trustees, (B) Title and average hours per week devoted to position Robert Drevna L Street NW Washington, DC 20036 Directors, General 40 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 and Key Employees: (D) Contributions to employee benefit plans & deferred compensation plans (C) Compensation (If not paid, enter -0.) (E) Expense account and other allowances (010107743,083 13,066 0 277,812 21,136 0 172,741 14,213 0 (120107- Council 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Form 990, Part V-A - Current (A) Name and address V 1nce J Kelley 1899 L Street NW Washington, DC 20036 Richard J M arcogl1ese L Street NW Washington, DC 20036 1899 Ric hard Meeks 1899 L Street NW Washington, DC 20036 Jerry C Welch L Street NW Washington, DC 20036 1899 Officers, Directors, Trustees, (B) Title and average hours per week devoted to position D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 D 1rector 1 00 and Key Employees: (D) Contributions to employee benefit plans & deferred compensation plans (C) Compensation (If not paid, enter -0.) (E) Expense account and other allowances 0 0 0 0 0 0 0 0 0 0 0 0 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Depreciation and Depletion Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Asset Furniture and Equipment Amount 5,460 Computer Equipment 94,626 Leasehold Improvements 73,991 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Gain/Loss from Sale of Public Securities Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Gross Sales Price: 2,004,397 Basis: 1,861,750 Sales Expenses: Total (net): 0 142,647 lefile GRAPHIC print - DO NOT PROCESS TY 2007 Investments I As Filed Data - I DLN:934903040030581 - Securities Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Description Book Value Cost/FMV Equity Securities 4,764,134 F Fixed Income Fund 4,772,513 F Cash 50,444 F lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Land etc. Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Category /Item Cost/Other Basis Accumulated Depreciation Book Value Furniture and Equipment 183,429 160,753 22,676 Computer Equipment 623,448 497,750 125,698 Leasehold Improvements 449,880 394,386 55,494 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Other Assets Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Description Deferred Compensation Una mort1zed Prior Service Cost Beginning of Year Amount 296,190 62,642 End of Year Amount 179,805 0 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Other Changes in Net Assets Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Description Net change 1nfair value of investments Add1t1onalPension Charge Amount -993 -934,412 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Other Expenses Not Included Schedule Name: NATIONAL PETROCHEMICAL & REFINERS ASSOCIATION EIN: 53-0115970 Description MISCELLANEOUS EXPENSE Amount 1,153 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Other Liabilities Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Description Deferred Compensation Deferred Rent Beginning of Year Amount End of Year Amount 296,190 179,805 36,009 27,007 lefile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN:934903040030581 TY 2007 Other Revenues Included Schedule Name: NATIONAL PETROCHEMICAL& REFINERS ASSOCIATION EIN: 53-0115970 Description PAC Revenue MISCELLANEOUS INCOME Amount 9,509 -1,153 Fonn Exempt Organization Declaration and Signature for Electronic Flllng 8453-EO For calendar year 2007, or tax year beginning ______ 0MB No. 1545-1879 , 2007, and ending ______ , 20 2007 For use with Forms 990, 990-EZ, 990-PF, 1120-POL, and 8868 • Department of Iha Treuury See Instructions. ame O exempt organ zat on NATIONAL PETROCHEMICAL &: REFINERS Intimal Revenue Service Employer Identification number 53-0115970 ASSOCIATION I Jta;rij ! I Type of Return and Return Information (Whole Dollars Only) Check the box for the return for which you are using this Fonn 8453-EO and enter the applicable amount from the return If any. If you check the box on line 1a, 2a, 3a, 4a, or 5a below and the amount on that line for the return for which you are filing this fonn was blank, then leave line 1b, 2b, 3b, 4b, or 5b, whichever Is applicable, blank (do not enter -0-). If you entered -0- on the return, then enter -0- on the applicable line below. Do not complete more than one line In Part I. • LIU •D •D •D •D 1a Form 990 check here 2a Form 990-EZ check here 3a Form 1120-POL check here 4a Form 990-PF check here b Total revenue, If any (Fonn 990, line 12) .. ........... ............ ... ................. .. . b Total revenue, If any (Fonn 990-EZ, One9) ... .. .................. ............ .... .. b Total tax (Form 1120-POL, line 22) ........... .. . .... ............ ............ .. .. . b Tax based on Investment Income (Form 990-PF, Part VI, line 5) ... .. 1b 2b 3b 4b 5a Form 8888 check here b Balance due (Form 8868, line 3c) 5b I:Pffl1itlDeclaratlon 6 ............ ........... .. ...... ..... ......... .. ... ... 10528251 of Officer LJ I authorize the U.S. Treasury and Its designated Financial Agent to Initiate an ACH electronic funds withdrawal (direct debit) entry to the financial Institution account Indicated In the tax preparation software for payment of the organization's federal taxes owed on this return, and the financial Institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Flnanclal Agent at 1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. I also authorize the financial institutions Involved in the processing of the electronic payment of taxes to receive confidential Information necessary to answer inquiries and resolve Issues related to the payment. D If a copy of this return Is being filed with a state agencyQes) regulating charities as part of the IRS Fed/State program, I certify that I executed the electronic disclosure consent contained within this return allowing disclosure by the IRS of this Form 990/990-EZ/990-PF (as speclflcally Identified In Part I above) to the selected state agencyQes). Under penalUea of perjury, I declare that I am en officer of the above named organization and that I have examined a copy of the organlzatton'a 2007 electronic return and accompanying schedules and atatamenta end to the beet of my knowledge and bellaf, they.-. true, corn,ct, and completa. I furthw daclare that the amount In Part I above la the amount ehown on the copy of the organization's electronlo return. I oonaant to allow my Intermediate sarvloe provldw, transmitter, or eleotronlo raturn originator (ERO) to send the organlzaUon'a return to the IRS and to receive from the IRS (a) an acknowledgement of reoelpt or reasonfor rejection of the tranamlaalon, (b) an Indication of any refund offset, (c) the reaeon for any delay In processing the return or refund, and (d) the date ol any refund. W~ ►~~ Rfl;pij,.Ufl Declaration /o - ·1,1-o', <:', Date ~:~ Check If ERO'a SSN or PTIN ERO's ~----':~~ 't.......----...;..~;_ \'-_~\:'~ :;,i; .' ~i!,~ .....:==.J..LIU employed Dy C:-~_'....... "--'""--.;..;...-+-_.;.:.-'---.......""""_.J...- __ __ .,..==1..-.1-_.;;.. Use Flrm'anama(or . JOHNSON MBERT &: ,;20 LL EIN 52-1446779 O I youra If aelf-wnployecl), n Y addraaa,and ZIP code 7 0 0 SPRING FOREST ~OAD, B 335 Phone no. RALEIGH, NC 27609 Under penalttes o1par)Jry, I declare that I have examined the above return and acc~ylng Declaratton of preparer la baaed on all lnformatton of which the preparer h• any knowledge. Paid Preparer's Use Only Preparer'• signature • • Firm's name (or youralfaelf-ernployed), addreea, and ZIP code ----------------------------1...:;E:;;.IN;._ _____________ ·>\ 919-719-6400 aohadul• and atatamanta, and to the best ol my knowledge and belief, they are true, correct, and complata. I ...;._____________ LHA ForPrivacy ActandPaperwork Reduction ActNotice,seetheInstructions. 723081 10-02-07 ,'._ r, 'i. __:__:...,___:;;;_ D Check lfaelf- I Preparar's SSN or PTIN employed --! _________ _ Phone no. Form 8453-EO 120071