Civic Intelligence

Ipaa Educational Foundation

990 • Fiscal year 2016 • EIN 52-1849282

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 27, 2017

Organization ProfileWWW.IPAA.ORG
1201 15TH STREET NW No 300Washington, DC 20005

(202) 857-4722

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.76x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

87th percentile

0.68x

Higher debt load relative to revenue than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$658,468

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 142.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.9%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-54%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$409,666

Down $12,416 (-2.9%) from 2015

Net Assets

Down

$96,918

Down $133,396 (-58%) from 2015

Liabilities

Up

$312,748

Up $120,980 (+63%) from 2015

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin11th percentile

Revenue

Down

$461,590

Down $534,254 (-54%) from 2015

Expenses

Down

$594,986

Down $155,130 (-21%) from 2015

Net Income

Down

-$133,396

Down $379,124 (-154%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2010: $586,982Liabilities 2010: $174,462Net Assets 2010: $412,5202010Assets 2011: $597,601Liabilities 2011: $298,149Net Assets 2011: $299,4522011Assets 2012: $394,235Liabilities 2012: $220,355Net Assets 2012: $173,8802012Assets 2013: $461,166Liabilities 2013: $309,811Net Assets 2013: $151,3552013Assets 2014: $344,962Liabilities 2014: $360,376Net Assets 2014: -$15,4142014Assets 2015: $422,082Liabilities 2015: $191,768Net Assets 2015: $230,3142015Assets 2016: $409,666Liabilities 2016: $312,748Net Assets 2016: $96,9182016Assets 2017: $307,426Liabilities 2017: $140,164Net Assets 2017: $167,2622017Assets 2018: $622,565Liabilities 2018: $316,203Net Assets 2018: $306,3622018Assets 2019: $355,843Liabilities 2019: $154,368Net Assets 2019: $201,4752019Assets 2020: $353,998Liabilities 2020: $215,840Net Assets 2020: $138,1582020Assets 2021: $210,767Liabilities 2021: $114,423Net Assets 2021: $96,3442021Assets 2022: $107,257Liabilities 2022: $40,822Net Assets 2022: $66,4352022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$409,666
Liabilities$312,748
Net Assets$96,918
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $330,561Expenses 2010: $464,969Net Income 2010: -$134,4082010Expenses 2011: $512,4012011Revenue 2012: $563,133Expenses 2012: $688,705Net Income 2012: -$125,5722012Revenue 2013: $862,306Expenses 2013: $884,831Net Income 2013: -$22,5252013Revenue 2014: $720,175Expenses 2014: $886,944Net Income 2014: -$166,7692014Revenue 2015: $995,844Expenses 2015: $750,116Net Income 2015: $245,7282015Revenue 2016: $461,590Expenses 2016: $594,986Net Income 2016: -$133,3962016Revenue 2017: $636,332Expenses 2017: $565,988Net Income 2017: $70,3442017Revenue 2018: $804,267Expenses 2018: $665,167Net Income 2018: $139,1002018Revenue 2019: $645,191Expenses 2019: $750,078Net Income 2019: -$104,8872019Revenue 2020: $491,644Expenses 2020: $554,961Net Income 2020: -$63,3172020Revenue 2021: $387,603Expenses 2021: $429,417Net Income 2021: -$41,8142021Revenue 2022: $300,967Expenses 2022: $330,876Net Income 2022: -$29,9092022Revenue 2023: $22,844Expenses 2023: $89,279Net Income 2023: -$66,4352023

Highlighted filing

2016

Revenue$461,590
Expenses$594,986
Net Income-$133,396
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$692,820
Mission and Program Overview

Mission

The foundation supports programs that educate the public about the oil and natural gas industry and provides grants to charitable and education programs, particularly related to energy education.

The foundation supports programs that educate the public about the significant contributions that the oil and natural gas industry makes to the american economy and to society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$359,582$381,666▲ $22,084
Prepaid Expenses and Deferred Charges$62,500$28,000▼ $34,500
Total Assets$422,082$409,666▼ $12,416
Liabilities
Other Liabilities$69,766$217,177▲ $147,411
Deferred Revenue$119,176$94,897▼ $24,279
Accounts Payable and Accrued Expenses$2,826$674▼ $2,152
Total Liabilities$191,768$312,748▲ $120,980
Net Assets / Fund Balance
Unrestricted Net Assets$230,314$96,918▼ $133,396
Total Net Assets Fund Balance$230,314$96,918▼ $133,396
Total Liabilities and Net Assets / Fund Balance$422,082$409,666▼ $12,416
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Mike MillerChairman
Barry RussellPresident & CEO
Stephen M JonesVice Chairman
Bruce H VincentDirector
David D DunlapDirector
Diemer TrueDirector
Galen CobbDirector
George a AlcornDirector
Michael D WatforddIRECTOR
Phil DelozierDirector
Virginia LasenbydIRECTOR
W Byron DunnDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$629,171
Program Service Revenue
$0
Investment Income
$784
Other Revenue
$-168,365
All Other Contributions
$421,736
Change in Net Assets
$-133,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$475,088
Grants and Similar Amounts Paid$119,898
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$264,480$35,520-$300,000
Grants to Domestic Individuals$101,300--$101,300
Travel$72,225--$72,225
Office Expenses$34,995$4,700-$39,695
Fees for Services Other$30,605--$30,605
Conferences and Meetings$27,972--$27,972
Grants to Domestic Orgs$18,598--$18,598
Information Technology-$2,365-$2,365
Advertising$2,226--$2,226
Total Functional Expenses$552,401$42,585$0$594,986
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Consumer Energy AllianceHouston, TX-Education$5,000
Southwest High SchoolHouston, TX-Education$4,598
Houston Independent School District FoundationHouston, TX-Education$3,000
Milby High School - Houston Independent School DistrictHouston, TX501(c)(4)Education$3,000
Westside High School - Houston Independent School DistrictHouston, TX501(c)(3)Education$3,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$231,230
Fundraising Gross Income$62,865
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Wildcatters Ball$247,500$59,565$37,654$21,911
Wildcatters Sporting Clay$22,800$3,300$8,389$-5,089
Total Events$270,300$62,865$231,230$-168,365
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Entity - Ipaa$217,177
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization employs an outside cpa firm to prepare their form 990. Upon completion, a draft is emailed to the organization's president and outsourced controller. After the draft is reviewed by all parties, any necessary changes are made by the cpa firm. The final form is sent to the outsourced controller who ensures that either the president or corporate secretary signs and files the form with the irs.”

Form 990, Part VI, Section B, line 12C

“The organization's president monitors and enforces the conflict of interest policy. The president disallows any relationships which violate the policy.”

Form 990, Part VI, Section B, line 15

“Management responsibilities of the ipaa educational foundation ("foundation") are performed by the management of a related entity, the independent petroleum association of america ("association"). In exchange for these services, the foundation pays a management fee to the association.”

Form 990, Part VI, Section C, line 19

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Ipaa Educational Foundation
EIN
52-1849282
Phone
2028574722
Address
1201 15TH STREET NW No 300, WASHINGTON, DC 20005

Signing Officer

Name
Barry Russell
Title
President
Phone
2028574722
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barry Russell
Formed
1993
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
4600 EAST WEST HWY STE 200, Bethesda, MD 20814
Preparer
Scott Denlinger
Phone
3019513636
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed its audit oversight process or its independent accountant selection process during the tax year.”

Financial Statement Notes

Part X, Line 2:

“The Organization has adopted ASC Topic 740-10 which prescribes measurement and disclosure requirements for current and deferred income tax provisions. The topic provides for a consistent approach in identifying and reporting uncertain tax provisions. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Organization's returns are subject to examination by the IRS, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 538 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL D WATFORD
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/PYTotalRevenueAmt0995844
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-133396
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0629171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01144931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0883467
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0985755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0738483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04381807
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0475
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0612
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01024
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03943
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0489475
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73760
IRS990ScheduleA/PublicSupportPY170Pct00.79800
IRS990ScheduleA/PublicSupportTotal170Amt03234922
IRS990ScheduleA/SubstantialContributorsTotAmt01146885
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0629171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01144931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0883467
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0985755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0738483
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04381807
IRS990ScheduleA/TotalSupportAmt04385750
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0217177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ENTITY - IPAA
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted ASC Topic 740-10 which prescribes measurement and disclosure requirements for current and deferred income tax provisions. The topic provides for a consistent approach in identifying and reporting uncertain tax provisions. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Organization's returns are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0217177
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0207435
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0187935
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt019500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0231230
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WILDCATTERS BALL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WILDCATTERS SPORTING CLAY
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0247500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0270300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt059565
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt03300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt062865
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-168365
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt046043
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037654
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08389
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0177263
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt07924
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0185187
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt025500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt174000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1EXTERNSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt174
IRS990ScheduleI/RecipientTable/CashGrantAmt03000
IRS990ScheduleI/RecipientTable/CashGrantAmt13000
IRS990ScheduleI/RecipientTable/CashGrantAmt24598
IRS990ScheduleI/RecipientTable/CashGrantAmt33000
IRS990ScheduleI/RecipientTable/CashGrantAmt45000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(4)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WESTSIDE HIGH SCHOOL - HOUSTON INDEPENDENT SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MILBY HIGH SCHOOL - HOUSTON INDEPENDENT SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2SOUTHWEST HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HOUSTON INDEPENDENT SCHOOL DISTRICT FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CONSUMER ENERGY ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientEIN0746001255
IRS990ScheduleI/RecipientTable/RecipientEIN1746001255
IRS990ScheduleI/RecipientTable/RecipientEIN2746001255
IRS990ScheduleI/RecipientTable/RecipientEIN3760424529
IRS990ScheduleI/RecipientTable/RecipientEIN4261658339
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt014201 BRIAR FOREST DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11601 BROADWAY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26400 WESTPARK DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt34400 WEST 18TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42211 NORFOLK ST SUITE 410
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077077
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177012
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd277057
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd377092
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd477098
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IPAA EDUCATIONAL FOUNDATION PROVIDES GRANTS TO UNDERPRIVELEDGED STUDENTS TO SERVE AS INTERNS AT PETROLEUM COMPANIES. IPAA MAINTAINS REGULAR CONTACT WITH THE COMPANIES PROVIDING THE INTERNSHIP OPPORTUNITIES TO MONITOR THE STUDENTS' ACTIVITIES AND EXPERIENCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt015300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0575000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033826
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt030963
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt03379
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BARRY RUSSELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0658468
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT & CEO IS PAID BY A RELATED ORGANIZATION - THE INDEPENDENT PETROLEUM ASSOCIATON OF AMERICA (IPAA). THE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD CHAIR OF IPAA. AS PART OF THE REVIEW PROCESS, THE BOARD CHAIR USES INDEPENDENT COMPENSATION SURVEYS.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1IPAA HAS AN AGREEMENT WITH THE PRESIDENT & CEO TO PAY THE HEALTH INSURANCE PREMIUMS FOR HIM AND HIS SPOUSE DURING RETIREMENT AND THROUGHOUT THE LIFE OF EACH OF THEM. UNDER THE AGREEMENT, IPAA WILL PROVIDE THEM WITH THE SAME HEALTH COVERAGE PROVIDED TO IPAA'S EMPLOYEES AT THAT TIME. THE MAXIMUM BENEFIT TO BE PAID UNDER THIS AGREEMENT CANNOT EXCEED $15,000 ANNUALLY. NO CONTRIBUTIONS HAVE BEEN MADE TO DATE TO FUND THIS AGREEMENT. IPAA ALSO MAINTAINS A 457(B) TAX DEFERRED COMPENSATION PLAN FOR SEVERAL OF ITS KEY EMPLOYEES, INCLUDING THE PRESIDENT & CEO. CONTRIBUTIONS ARE DETERMINED AT THE DISCRETION OF IPAA'S BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1FOMR 990, SCHEDULE J, PART I, LINE 4B

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$409,666
Liabilities
$312,748
Net assets
$96,918
Revenue
$461,590
Expenses
$594,986
Net income
-$133,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.23$0.89$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.41$0.66$3.01$3.31$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.11$1.14$0.96$3.88$4.29$0.42
2020Detailed filing. Detailed filing data is available for this year.$3.54$2.16$1.38$4.92$5.55$0.63
2019Detailed filing. Detailed filing data is available for this year.$3.56$1.54$2.01$6.45$7.50$1.05
2018Detailed filing. Detailed filing data is available for this year.$6.23$3.16$3.06$8.04$6.65$1.39
2017Detailed filing. Detailed filing data is available for this year.$3.07$1.40$1.67$6.36$5.66$0.70
2016Detailed filing. Detailed filing data is available for this year.$4.10$3.13$0.97$4.62$5.95$1.33
2015Detailed filing. Detailed filing data is available for this year.$4.22$1.92$2.30$9.96$7.50$2.46
2014Detailed filing. Detailed filing data is available for this year.$3.45$3.60$0.15$7.20$8.87$1.67
2013Detailed filing. Detailed filing data is available for this year.$4.61$3.10$1.51$8.62$8.85$0.23
2012Summary only. Only limited summary data is available for this year.$3.94$2.20$1.74$5.63$6.89$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$2.98$2.99$5.12
2010Summary only. Only limited summary data is available for this year.$5.87$1.74$4.13$3.31$4.65$1.34