American Petroleum Institute
- Assets
- $119.1m
- Revenue
- $228.8m
- Investments
- $0.0
- Employees
- 383
- Location
- Washington, DC
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 13-0433430
Organization Overview
American Petroleum Institute is located in Washington, DC. The organization was established in 1938. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Petroleum Institute employed 383 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Petroleum Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Petroleum Institute generated $228.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $226.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Petroleum Institute has awarded 507 individual grants totaling $35,234,786. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1 FOR COMPLETE MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY - API SPEAKS FOR THE OIL AND NATURAL GAS INDUSTRY BEFORE CONGRESS, THE EXECUTIVE BRANCH OF GOVERNMENT, STATE LEGISLATURES, AND THE MEDIA. IT NEGOTIATES WITH REGULATORY AGENCIES, REPRESENTS THE INDUSTRY IN LEGAL PROCEEDINGS, PARTICIPATES IN COALITIONS, AND WORKS IN PARTNERSHIP WITH OTHER ASSOCIATIONS TO ACHIEVE ITS MEMBERS' PUBLIC POLICY GOALS.
RESEARCH AND STATISTICS - API CONDUCTS OR SPONSORS RESEARCH RANGING FROM ECONOMIC ANALYSES TO TOXICOLOGICAL TESTING. API COLLECTS, MAINTAINS, AND PUBLISHES STATISTICS AND DATA ON ALL ASPECTS OF U.S. INDUSTRY OPERATIONS, INCLUDING SUPPLY AND DEMAND FOR VARIOUS PRODUCTS, IMPORTS AND EXPORTS, DRILLING ACTIVITIES AND COSTS, AND WELL COMPLETIONS. THIS DATA PROVIDES TIMELY INDICATORS OF INDUSTRY TRENDS. API'S WEEKLY STATISTICAL BULLETIN IS THE MOST RECOGNIZED PUBLICATION, WIDELY REPORTED BY THE MEDIA.
STANDARDS - FOR MORE THAN 100 YEARS, API HAS LED THE DEVELOPMENT OF PETROLEUM, NATURAL GAS AND PETROCHEMICAL EQUIPMENT AND OPERATING STANDARDS. THESE REPRESENT THE INDUSTRY'S COLLECTIVE WISDOM ON EVERYTHING FROM DRILL BITS TO ENVIRONMENTAL PROTECTION AND EMBRACE PROVEN, SOUND ENGINEERING AND OPERATING PRACTICES AND SAFE, INTERCHANGEABLE EQUIPMENT AND MATERIALS. API MAINTAINS OVER 800 STANDARDS AND RECOMMENDED PRACTICES. MANY HAVE BEEN INCORPORATED INTO STATE AND FEDERAL REGULATIONS AND THEY ARE ALSO THE MOST WIDELY CITED STANDARDS BY THE INTERNATIONAL REGULATORY COMMUNITY.
ADVOCACY - API SPEAKS FOR THE OIL AND NATURAL GAS INDUSTRY BEFORE CONGRESS, THE EXECUTIVE BRANCH OF GOVERNMENT, STATE LEGISLATURES, AND THE MEDIA. IT NEGOTIATES WITH REGULATORY AGENCIES, REPRESENTS THE INDUSTRY IN LEGAL PROCEEDINGS, PARTICIPATES IN COALITIONS, AND WORKS IN PARTNERSHIP WITH OTHER ASSOCIATIONS TO ACHIEVE ITS MEMBERS' PUBLIC POLICY GOALS.
RESEARCH AND STATISTICS - API CONDUCTS OR SPONSORS RESEARCH RANGING FROM ECONOMIC ANALYSES TO TOXICOLOGICAL TESTING. API COLLECTS, MAINTAINS, AND PUBLISHES STATISTICS AND DATA ON ALL ASPECTS OF U.S. INDUSTRY OPERATIONS, INCLUDING SUPPLY AND DEMAND FOR VARIOUS PRODUCTS, IMPORTS AND EXPORTS, DRILLING ACTIVITIES AND COSTS, AND WELL COMPLETIONS. THIS DATA PROVIDES TIMELY INDICATORS OF INDUSTRY TRENDS. API'S WEEKLY STATISTICAL BULLETIN IS THE MOST RECOGNIZED PUBLICATION, WIDELY REPORTED BY THE MEDIA.
STANDARDS - FOR MORE THAN 100 YEARS, API HAS LED THE DEVELOPMENT OF PETROLEUM, NATURAL GAS AND PETROCHEMICAL EQUIPMENT AND OPERATING STANDARDS. THESE REPRESENT THE INDUSTRY'S COLLECTIVE WISDOM ON EVERYTHING FROM DRILL BITS TO ENVIRONMENTAL PROTECTION AND EMBRACE PROVEN, SOUND ENGINEERING AND OPERATING PRACTICES AND SAFE, INTERCHANGEABLE EQUIPMENT AND MATERIALS. API MAINTAINS OVER 800 STANDARDS AND RECOMMENDED PRACTICES. MANY HAVE BEEN INCORPORATED INTO STATE AND FEDERAL REGULATIONS AND THEY ARE ALSO THE MOST WIDELY CITED STANDARDS BY THE INTERNATIONAL REGULATORY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Sommers President And CEO | OfficerTrustee | 40 | $2,704,703 |
Amanda E Eversole Executive VP & COO | Officer | 40 | $1,089,376 |
Frank J Macchiarola Sr Vp, Policy, Economics, & Reg. | Officer | 40 | $1,032,473 |
Paul G Afonso Sr VP & Chief Legal Officer | Officer | 40 | $854,178 |
Megan B Bloomgren Sr Vp, Communications | Officer | 40 | $643,088 |
William A Koetzle Sr Vp, Government Relations | Officer | 40 | $594,040 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Organizing Montross Group Inc Advocacy | 12/30/21 | $3,694,731 |
Paul Weiss Rifkind Wharton & Garrison Legal Services | 12/30/21 | $2,364,747 |
Organizing Montross Group Inc Consulting And Advertising | 12/30/21 | $3,694,731 |
Coalition For American Jobs Advocacy | 12/30/21 | $4,927,100 |
Better Jobs Together Campaign Advocacy | 12/30/21 | $3,525,000 |
Main Street Media Group Advertising | 12/30/21 | $32,134,902 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $204,383,376 |
| Investment income | $381,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,905,106 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,789,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,077,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $379,319 |
| Other salaries and wages | $45,303,089 |
| Pension plan accruals and contributions | $10,472,163 |
| Other employee benefits | $5,639,651 |
| Payroll taxes | $3,136,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,413,764 |
| Fees for services: Accounting | $168,600 |
| Fees for services: Lobbying | $4,887,665 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,026 |
| Fees for services: Other | $38,363,701 |
| Advertising and promotion | $47,646,002 |
| Office expenses | $2,740,606 |
| Information technology | $9,480,607 |
| Royalties | $733,343 |
| Occupancy | $5,519,067 |
| Travel | $2,883,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,667,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,926,575 |
| Insurance | $861,753 |
| All other expenses | $426,342 |
| Total functional expenses | $226,725,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,665,930 |
| Savings and temporary cash investments | $352,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,347,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,472,784 |
| Net Land, buildings, and equipment | $16,463,117 |
| Investments—publicly traded securities | $33,940,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,881,859 |
| Total assets | $119,123,451 |
| Accounts payable and accrued expenses | $19,091,719 |
| Grants payable | $0 |
| Deferred revenue | $7,847,558 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,058,815 |
| Total liabilities | $161,998,092 |
| Net assets without donor restrictions | -$42,874,641 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $119,123,451 |
Grants Awarded
Over the last fiscal year, American Petroleum Institute has awarded $401,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $100,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $100,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Petroleum Institute has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Gas Association Washington, DC PURPOSE: SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finra Regulation Inc Rockville, MD | $51,636,831 | $1,138,654,783 |
Securities Investor Protection Corporation Washington, DC | $4,382,745,297 | $520,971,678 |
Stand Together Chamber Of Commerce Inc Arlington, VA | $220,861,452 | $325,758,897 |
American Petroleum Institute Washington, DC | $119,123,451 | $228,789,035 |
Chamber Of Commerce Of The United States Of America Washington, DC | $132,117,403 | $203,890,689 |
Society For Human Resource Management Alexandria, VA | $273,747,773 | $173,516,006 |
American Bankers Association Washington, DC | $263,742,289 | $140,712,476 |
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |