Williston Basin Chapter Of The American Petroleum Institute
- Assets
- $68.0k
- Revenue
- $140.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Williston, ND
- Founding
- 10/1985
- Data as of
- 12/2022
- EIN
- 45-0388975
Organization Overview
Williston Basin Chapter Of The American Petroleum Institute is located in Williston, ND. The organization was established in 1985. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williston Basin Chapter Of The 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 12/2022, Williston Basin Chapter Of The American Petroleum Institute generated $140.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $158.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Williston Basin Chapter Of The American Petroleum Institute has awarded 15 individual grants totaling $166,950. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WILLISTON BASIN API FOSTERS THE EDUCATIONAL AND SOCIAL GROWTH OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLISTON API CONDUCTS 8 MEETINGS OF AN EDUCATIONAL NATURE THROUGHOUT THE YEAR, IN WHICH 30-60 MEMBERS ATTEND. THE MEETINGS FOCUS ON OIL AND GAS INDUSTRY ISSUES.
THE WILLISTON API CONDUCTS SPECIAL EVENTS TO RAISE FUNDS FOR SCHOLARSHIPS AND GRANTS AND TO ENCOURAGE A SPIRIT OF COOPERATION AMONG THOSE WHO HAVE AN INTEREST IN THE OIL & GAS INDUSTRY OR ANY OTHER ALLIED INDUSTRY.
THE WILLISTON API AWARDS SCHOLARSHIPS TO FOSTER EDUCATIONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Iverson President | OfficerTrustee | 10 | $0 |
Kerri Espeland Vice President | OfficerTrustee | 10 | $0 |
Libby Mchivor Treasurer | OfficerTrustee | 10 | $0 |
Holand Neubauer Secretary | OfficerTrustee | 10 | $0 |
Brom Lutz Board Member | Trustee | 5 | $0 |
Carl Hirsch Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,300 |
| Fundraising events | $70,870 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,015 |
| Noncash contributions included in lines 1a–1f | $14,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,185 |
| Total Program Service Revenue | $8,500 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,050 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,284 |
| Fees for services: Accounting | $3,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,452 |
| Office expenses | $1,313 |
| Information technology | $16,488 |
| Royalties | $0 |
| Occupancy | $2,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,430 |
| All other expenses | $0 |
| Total functional expenses | $158,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,410 |
| Savings and temporary cash investments | $32,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $68,038 |
| Total liabilities and net assets/fund balances | $68,038 |
Grants Awarded
Over the last fiscal year, Williston Basin Chapter Of The American Petroleum Institute has awarded $30,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GIVING HEARTS PURPOSE: GENERAL OPERATIONS | $8,000 |
MAKE A WISH PURPOSE: FENERAL OPERATIONS | $6,000 |
WILLISTON STATE COLLEGE FOUNDATION PURPOSE: GENERAL OPERATIONS | $16,500 |