Civic Intelligence

Ipaa Educational Foundation

990 • Fiscal year 2021 • EIN 52-1849282

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

Organization ProfileWWW.IPAA.ORG
1201 15th Street NW Suite 450Washington, DC 20005

(202) 857-4722

Siviq Scores

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

Liabilities / Assets

90th percentile

0.54x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.30x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

24th percentile

-11%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

100th percentile

$507,137

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 130.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-40%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

-21%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$210,767

Down $143,231 (-40%) from 2020

Net Assets

Down

$96,344

Down $41,814 (-30%) from 2020

Liabilities

Down

$114,423

Down $101,417 (-47%) from 2020

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin24th percentile

Revenue

Down

$387,603

Down $104,041 (-21%) from 2020

Expenses

Down

$429,417

Down $125,544 (-23%) from 2020

Net Income

Up

-$41,814

Up $21,503 (+34%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th 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

2021

Assets$210,767
Liabilities$114,423
Net Assets$96,344
Open 2021 Filing

Operations Trend

Revenue Growth30th 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

2021

Revenue$387,603
Expenses$429,417
Net Income-$41,814
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2022
Return Version
2021v4.0
Gross Receipts
$387,603
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 educational programs, particularly those related to energy education.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$336,856$193,267▼ $143,589
Prepaid Expenses and Deferred Charges$14,742$17,500▲ $2,758
Accounts Receivable$2,400--
Total Assets$353,998$210,767▼ $143,231
Liabilities
Other Liabilities$215,840$113,023▼ $102,817
Deferred Revenue-$1,400-
Total Liabilities$215,840$114,423▼ $101,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$138,158$96,344▼ $41,814
Total Net Assets Fund Balance$138,158$96,344▼ $41,814
Total Liabilities and Net Assets / Fund Balance$353,998$210,767▼ $143,231
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Barrett RussellPresident/cePT$507,137$507,137

Board Members and Trustees

NameTitle
Barrett RussellPresident/CEO
Steven B HinchmanVice Chairma
Diemer D TrueDirector
Galen CobbDirector
James H WilkesDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Energy Education AnalyticsConsulting1352 CAP ROCK DRIVE, Celebration, FL 34747$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$357,304
Program Service Revenue
$30,275
Investment Income
$24
Other Revenue
$0
All Other Contributions
$357,304
Change in Net Assets
$-41,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,167
Grants and Similar Amounts Paid$4,250
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$224,599--$224,599
Fees for Services Management$92,917$57,083-$150,000
Information Technology$14,202--$14,202
Office Expenses$10,134$899-$11,033
Conferences and Meetings$9,982--$9,982
Fees for Services Accounting-$5,000-$5,000
Grants to Domestic Individuals$4,250--$4,250
Advertising$2,161--$2,161
Other Expenses$7,169$887-$887
Travel$134--$134
Total Functional Expenses$365,548$63,869$0$429,417
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ipaa Payables- Related Party$113,023
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 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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, Part VI, Line 12C

“The organization's president monitors and enforces the conflict of interest policy and does not allow any relationships which violate such policy.”

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 15B

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

Form 990, Page 6, Part VI, 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 SUITE 450, WASHINGTON, DC 20005

Signing Officer

Name
C Jeffrey Eshelman
Title
CEO (2022)
Phone
2028574722
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Jeffrey Eshelman
Formed
1993
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Jbs & Co LLC
Address
101 LOG CANOE CIR STE I, STEVENSVILLE, MD 21666-2106
Preparer
J Brian Stitcher CPA
Phone
4109566902
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultant fees 218,599 0 0 stipends 6,000 0 0 total 224,599 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Accounting for uncertainty in income taxes the association 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 association believes that it has appropriate support for any tax positions taken, and as such does not have any uncertain positions that are material to the consolidated financial statements. The association's returns are subject to examination by the internal revenue service, generally for three years after they were filed.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE ASSOCIATION 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 ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EMPLOYS AN OUTSIDE CPA FIRM TO PREPARE FORM 990. UPON COMPLETION, A DRAFT IS EMAILED TO THE ORGANIZATION'S PRESIDENT AND OUTSOURCED CONTROLLER FOR REVIEW. ANY NECESSARY CHANGES ARE THEN MADE BY THE CPA FIRM. THE FINAL FORM IS SENT TO THE CONTROLLER WHO ENSURES THAT EITHER THE PRESIDENT OR CORPORATE SECRETARY SIGNS AND FILES THE FORM 990 WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PRESIDENT MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AND DOES NOT ALLOW ANY RELATIONSHIPS WHICH VIOLATE SUCH POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT RESPONSIBILITIES OF THE IPAA EDUCATIONAL FOUNDATION ARE PERFORMED BY THE MANAGEMENT OF A RELATED ENTITY (THE INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA). IN EXCHANGE FOR THESE SERVICES, THE FOUNDATION PAYS AN ADMINISTRATIVE FEE TO THIS RELATED ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT RESPONSIBILITIES OF THE IPAA EDUCATIONAL FOUNDATION ARE PERFORMED BY THE MANAGEMENT OF A RELATED ENTITY (THE INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA). IN EXCHANGE FOR THESE SERVICES, THE FOUNDATION PAYS AN ADMINISTRATIVE FEE TO THIS RELATED ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTANT FEES 218,599 0 0 STIPENDS 6,000 0 0 TOTAL 224,599 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0284133
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1150000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ADMIN. FEES DISCOUNTED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IPAA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1IPAA
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C JEFFREY ESHELMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO (2022)
ReturnHeader/BusinessOfficerGrp/PhoneNum02028574722
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IPAA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IPAA
ReturnHeader/Filer/EIN0521849282
ReturnHeader/Filer/PhoneNum02028574722
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274032675
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JBS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 LOG CANOE CIR STE I
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STEVENSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0216662106
ReturnHeader/PreparerPersonGrp/PhoneNum04109566902
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J BRIAN STITCHER CPA
ReturnHeader/ReturnTs02022-11-07T14:52:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0C JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ESHELMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$210,767
Liabilities
$114,423
Net assets
$96,344
Revenue
$387,603
Expenses
$429,417
Net income
-$41,814
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