Civic Intelligence

Ipaa Educational Foundation

990 • Fiscal year 2022 • EIN 52-1849282

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

88th percentile

0.38x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

26th percentile

-9.9%

Higher net margin than 26% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$779,777

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 259.1% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-49%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$107,257

Down $103,510 (-49%) from 2021

Net Assets

Down

$66,435

Down $29,909 (-31%) from 2021

Liabilities

Down

$40,822

Down $73,601 (-64%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin26th percentile

Revenue

Down

$300,967

Down $86,636 (-22%) from 2021

Expenses

Down

$330,876

Down $98,541 (-23%) from 2021

Net Income

Up

-$29,909

Up $11,905 (+28%) from 2021

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

2022

Assets$107,257
Liabilities$40,822
Net Assets$66,435
Open 2022 Filing

Operations Trend

Revenue Growth22nd 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

2022

Revenue$300,967
Expenses$330,876
Net Income-$29,909
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$300,967
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$193,267$100,507▼ $92,760
Prepaid Expenses and Deferred Charges$17,500$6,750▼ $10,750
Total Assets$210,767$107,257▼ $103,510
Liabilities
Other Liabilities$113,023$36,175▼ $76,848
Accounts Payable and Accrued Expenses-$4,647-
Deferred Revenue$1,400--
Total Liabilities$114,423$40,822▼ $73,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$96,344$66,435▼ $29,909
Total Net Assets Fund Balance$96,344$66,435▼ $29,909
Total Liabilities and Net Assets / Fund Balance$210,767$107,257▼ $103,510
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Barrett RussellPresident/ce$779,777$779,777
C Jeffrey EshelmanPresident/ce$310,316$310,316
Daniel NaatzTreasurer/se$299,341$299,341

Board Members and Trustees

NameTitle
Steven PruettChairman
Barrett RussellPresident/CEO
C Jeffrey EshelmanPresident/CEO
Daniel NaatzTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$284,220
Program Service Revenue
$16,735
Investment Income
$12
Other Revenue
$0
All Other Contributions
$284,220
Change in Net Assets
$-29,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,026
Grants and Similar Amounts Paid$5,850
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$140,512$60,219-$200,731
Fees for Services Other$102,850--$102,850
Information Technology$7,038--$7,038
Grants to Domestic Individuals$5,850--$5,850
Conferences and Meetings$5,301--$5,301
Fees for Services Accounting-$4,140-$4,140
Fees for Services Legal$1,306--$1,306
Travel$1,095--$1,095
Office Expenses$696$190-$886
Advertising$240--$240
Other Expenses-$80-$80
Total Functional Expenses$264,888$65,988$0$330,876
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$36,175
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
President/CEO
Phone
2028574722
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Jeffrey Eshelman
Formed
1993
Legal Domicile
Dc
Voting Board Members
2
Independent Board Members
2
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 102,850 0 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Ipaa operates as a not-for-profit membership association and has been determined to be exempt from federal income taxes under section 501(c)(6) of the internal revenue code ("irc"). Ipaa educational foundation is a supporting organization to ipaa and has been determined to be exempt from federal income taxes under section 501(c)(3) of the irc. Ipaa wildcatters fund is a separate segregated fund organized under section 527(f)(3) of the irc; political contributions to this fund are exempt from taxation. These three exempt entities did not have any unrelated business taxable income during the year.”

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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/ExplanationTxt0IPAA OPERATES AS A NOT-FOR-PROFIT MEMBERSHIP ASSOCIATION AND HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("IRC"). IPAA EDUCATIONAL FOUNDATION IS A SUPPORTING ORGANIZATION TO IPAA AND HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. IPAA WILDCATTERS FUND IS A SEPARATE SEGREGATED FUND ORGANIZED UNDER SECTION 527(F)(3) OF THE IRC; POLITICAL CONTRIBUTIONS TO THIS FUND ARE EXEMPT FROM TAXATION. THESE THREE EXEMPT ENTITIES DID NOT HAVE ANY UNRELATED BUSINESS TAXABLE INCOME DURING THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DANIEL NAATZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1310316
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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 102,850 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/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TRADE ASSN
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0200731
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1200731
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ADMIN. FEES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IPAA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1IPAA
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IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0284220
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065988
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264888
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330876
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IRS990/TotalLiabilitiesBOYAmt0114423
IRS990/TotalLiabilitiesEOYAmt040822
IRS990/TotalLiabilitiesGrp/BOYAmt0114423
IRS990/TotalLiabilitiesGrp/EOYAmt040822
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt096344
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt066435
IRS990/TotalOtherCompensationAmt059065
IRS990/TotalProgramServiceExpensesAmt0264888
IRS990/TotalProgramServiceRevenueAmt016735
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016747
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300967
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0107257
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IRS990/TravelGrp/TotalAmt01095
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.IPAA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C JEFFREY ESHELMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02028574722
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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ReturnHeader/Filer/PhoneNum02028574722
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J BRIAN STITCHER CPA
ReturnHeader/ReturnTs02023-11-13T16:46:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0C JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ESHELMAN
ReturnHeader/TaxPeriodBeginDt02022-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$107,257
Liabilities
$40,822
Net assets
$66,435
Revenue
$300,967
Expenses
$330,876
Net income
-$29,909
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