Civic Intelligence

Spe Foundation

EIN 75-1575590 • 501(c)3 • Richardson, TX

Profile

Support the member programs of the society of petroleum engineers and provide scholarships to students pursuing an education in petroleum engineering.

222 Palisades Creek DrRichardson, TX 75080-2040

www.spe.org/EN/FOUNDATION

Siviq Scores

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

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

1.71x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

58th percentile

8.1%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

69th percentile

11%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-8.2%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,322,862

Up $1,116,096 (+11%) from 2023

Liabilities

Up

$1,130,070

Up $219,572 (+24%) from 2023

Net Assets

Up

$10,192,792

Up $896,524 (+9.6%) from 2023

Revenue

Down

$660,300

Down $58,776 (-8.2%) from 2023

Expenses

Down

$606,620

Down $477,242 (-44%) from 2023

Net Income

Up

$53,680

Up $418,466 (+115%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $10,553,047Liabilities 2012: $142,559Net Assets 2012: $10,410,4882012Assets 2013: $11,270,127Liabilities 2013: $150,933Net Assets 2013: $11,119,1942013Assets 2014: $12,000,510Liabilities 2014: $168,451Net Assets 2014: $11,832,0592014Assets 2015: $11,243,390Liabilities 2015: $202,844Net Assets 2015: $11,040,5462015Assets 2016: $10,887,704Liabilities 2016: $66,732Net Assets 2016: $10,820,9722016Assets 2017: $11,623,675Liabilities 2017: $39,823Net Assets 2017: $11,583,8522017Assets 2018: $11,214,007Liabilities 2018: $101,603Net Assets 2018: $11,112,4042018Assets 2019: $11,557,973Liabilities 2019: $50,687Net Assets 2019: $11,507,2862019Assets 2020: $11,468,575Liabilities 2020: $56,420Net Assets 2020: $11,412,1552020Assets 2021: $12,383,266Liabilities 2021: $887,117Net Assets 2021: $11,496,1492021Assets 2022: $10,541,618Liabilities 2022: $854,927Net Assets 2022: $9,686,6912022Assets 2023: $10,206,766Liabilities 2023: $910,498Net Assets 2023: $9,296,2682023Assets 2024: $11,322,862Liabilities 2024: $1,130,070Net Assets 2024: $10,192,7922024

Highlighted filing

2024

Assets$11,322,862
Liabilities$1,130,070
Net Assets$10,192,792

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $1,039,367Expenses 2012: $667,905Net Income 2012: $371,4622012Revenue 2013: $1,612,442Expenses 2013: $679,769Net Income 2013: $932,6732013Revenue 2014: $893,193Expenses 2014: $693,655Net Income 2014: $199,5382014Revenue 2015: $802,190Expenses 2015: $1,121,863Net Income 2015: -$319,6732015Revenue 2016: $652,884Expenses 2016: $859,863Net Income 2016: -$206,9792016Revenue 2017: $755,223Expenses 2017: $918,812Net Income 2017: -$163,5892017Revenue 2018: $952,884Expenses 2018: $833,842Net Income 2018: $119,0422018Revenue 2019: $646,400Expenses 2019: $996,214Net Income 2019: -$349,8142019Revenue 2020: $902,905Expenses 2020: $1,354,182Net Income 2020: -$451,2772020Revenue 2021: $634,754Expenses 2021: $1,079,005Net Income 2021: -$444,2512021Revenue 2022: $535,963Expenses 2022: $908,360Net Income 2022: -$372,3972022Revenue 2023: $719,076Expenses 2023: $1,083,862Net Income 2023: -$364,7862023Revenue 2024: $660,300Expenses 2024: $606,620Net Income 2024: $53,6802024

Highlighted filing

2024

Revenue$660,300
Expenses$606,620
Net Income$53,680

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Oct 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,164,671
Mission and Program Overview

Mission

Support the member programs of the society of petroleum engineers and provide scholarships to students pursuing an education in petroleum engineering.

To help support member programs of the society of petroleum engineers and student scholarships for students pursuing an education in petroleum engineering.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,947,702$11,020,654▲ $1,072,952
Cash and Non-Interest-Bearing Accounts$197,697$235,582▲ $37,885
Pledges and Grants Receivable$41,400$45,600▲ $4,200
Savings and Temporary Cash Investments$19,967$21,026▲ $1,059
Total Assets$10,206,766$11,322,862▲ $1,116,096
Liabilities
Escrow Account Liability$856,912$1,053,587▲ $196,675
Accounts Payable and Accrued Expenses$53,586$76,483▲ $22,897
Total Liabilities$910,498$1,130,070▲ $219,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,213,432$7,859,317▲ $645,885
Net Assets With Donor Restrictions$2,082,836$2,333,475▲ $250,639
Total Net Assets Fund Balance$9,296,268$10,192,792▲ $896,524
Total Liabilities and Net Assets / Fund Balance$10,206,766$11,322,862▲ $1,116,096

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$8,671,929$117,485▲ $1,224,576-$9,394,990
2022$8,254,753-▲ $500,744-$8,671,929
2021$9,850,362-▼ $795,574-$8,254,753
2020$10,937,655-▲ $870,648-$9,850,362
2019$10,624,262$1,200▲ $1,054,403-$10,937,655
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Society Of Petroleum Engineers (spe) INCManagement Services222 PALISADES CREEK DR, Richardson, TX 75080$125,000
Revenue and Support

Revenue Composition

Contributions and Grants
$120,365
Program Service Revenue
$0
Investment Income
$558,774
Other Revenue
$-18,839
All Other Contributions
$66,319
Change in Net Assets
$53,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$660,210
Revenue Not Reported on Financial Statements
$90
Revenue Not Reported on Form 990
$842,844
Other Revenue Adjustments
$-18,839
Total Revenue per Audited Statements
$1,503,054
Total Revenue per Form 990
$660,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$380,000
Other Expenses$194,120
Professional Fundraising Fees$32,500
Total Fundraising Expense$32,500
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$325,000--$325,000
Fees for Services Management$81,100$43,900-$125,000
Grants to Domestic Individuals$46,000--$46,000
Fees for Services Accounting-$35,792-$35,792
Fees for Services Professional Fundraising--$32,500$32,500
Fees for Service Investment Mgmnt Fees-$18,929-$18,929
Office Expenses-$14,399-$14,399
Foreign Grants$9,000--$9,000
Total Functional Expenses$461,100$113,020$32,500$606,620

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$606,620
Total Expenses per Audited Statements$606,530
Expenses per Audited Statements$587,691
Expenses Not Reported on Financial Statements$18,929
Expenses Not Reported on Form 990$18,839
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Society of Petroleum EngineersRichardson, TX501(c)3Member Program Support$325,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$32,500
Fundraising Direct Expenses$18,839
Fundraising Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Moving Forward Giving Back Campaign$54,046-$13,599-
Total Events$54,046-$18,839$-18,839
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's form 990 undergoes internal and external reviews before it is filed with the irs; the return is prepared by the organization's public accounting firm, rsm us llp, and is reviewed by the society of petroleum engineers cfo and treasurer of the spe foundation. Prior to filing with the irs, the board is provided a copy of the final form 990.

Form 990, Part VI, Section C, Line 19

Tax return and audited financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Spe Foundation
EIN
75-1575590
Phone
9729529393
Address
222 PALISADES CREEK DR, RICHARDSON, TX 75080-2040

Signing Officer

Name
Steve Byrne
Title
Chief Financial Officer
Phone
9729529393
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janeen Judah
Formed
1977
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
0
Volunteers
31

Preparer

Firm
Rsm US Llp
Address
19026 RIDGEWOOD PKWY STE 400, SAN ANTONIO, TX 78259
Preparer
Josephine Behrend
Phone
2108286281
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 33

Spe foundation has a close relationship with the society of petroleum engineers, inc. However, the entities do not meet the definition of related organizations for purposes of form 990, schedule r.

FORM 990, PART XII, LINE 2C:

The oversight and selection process has not changed from the prior tax year.

Financial Statement Notes

PART IV, LINE 2B:

Charitable funds are held by the society of petroleum engineers foundation for the benefit of the spe gulf coast section scholarship fund.

PART V, LINE 4:

The foundation endowed funds are to provide scholarships to students in petroleum engineering undergraduate and graduate programs. The foundation also supports various member programs of the society of petroleum engineers including the distinguished lecturer program and webinars.

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(a) of the internal revenue code (irc) as an organization described in section 501(c)(3) of the irc. As such, contributions to the foundation qualify for deduction as charitable contributions; however, income generated from activities unrelated to the foundation's exempt purpose is subject to tax under irc section 511. At november 30, 2024 and 2023, unrelated business income tax, if any, is immaterial and no tax provision has been made in the accompanying financial statements. The asc provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the foundation's tax returns to determine whether the tax positions are more-likely-than-not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit/expense and asset/liability in the current year. Management has determined there are no material uncertain income tax positions.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expenses -18,839.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 18,839.

Raw XML AppendixShowing 400 of 696 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/PersonNm12DR JEFFREY SPATH
IRS990/Form990PartVIISectionAGrp/PersonNm13DR TOM BLASINGAME
IRS990/Form990PartVIISectionAGrp/PersonNm14DR WILLIAM M COBB
IRS990/Form990PartVIISectionAGrp/PersonNm15MR JOHN A COLLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm16DR BEHROOZ FATTAHI
IRS990/Form990PartVIISectionAGrp/PersonNm17MR PETER D GAFFNEY
IRS990/Form990PartVIISectionAGrp/PersonNm18MR DENNIS E GREGG
IRS990/Form990PartVIISectionAGrp/PersonNm19MR HELGE H HALDORSEN
IRS990/Form990PartVIISectionAGrp/PersonNm20MR T SCOTT HICKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21MR JAMES R JORDEN
IRS990/Form990PartVIISectionAGrp/PersonNm22MR ROY H KOERNER
IRS990/Form990PartVIISectionAGrp/PersonNm23MR ALAIN LABASTIE
IRS990/Form990PartVIISectionAGrp/PersonNm24DR D NATHAN MEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm25MS SHAUNA NOONAN
IRS990/Form990PartVIISectionAGrp/PersonNm26DR LEO ROODHART
IRS990/Form990PartVIISectionAGrp/PersonNm27MR EDWARD E RUNYAN
IRS990/Form990PartVIISectionAGrp/PersonNm28DR KAMEL BEN-NACEUR
IRS990/Form990PartVIISectionAGrp/PersonNm29DR EVE SPRUNT
IRS990/Form990PartVIISectionAGrp/PersonNm30MR ANDREW A YOUNG
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt52024 SPE PRESIDENT (9/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt62023 SPE PRESIDENT (THRU 9/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
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