Offshore Operators Committee
- Assets
- $3.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Kenner, LA
- Founding
- 08/1982
- Data as of
- 12/2022
- EIN
- 72-0939419
Organization Overview
Offshore Operators Committee is located in Kenner, LA. The organization was established in 1982. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Offshore Operators Committee 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, Offshore Operators Committee generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 13.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFSHORE OPERATORS COMMITTEE IS A MEMBER ORGANIZATION FOCUSED ON COLLABORATION IN OFFSHORE ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORM MEMBERS OF LAWS, RULES, AND REGULATIONS AFFECTING ALL THE OFFSHORE ENERGY DEVELOPMENT.
CONDUCT STUDIES AND INVESTIGATIONS AFFECTING OFFSHORE LEASE HOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Powell Sec/treas | OfficerTrustee | 2 | $0 |
Cindy Kunkel Member | Trustee | 2 | $0 |
Brian Mamelli Member | Trustee | 2 | $0 |
Alyssa Karotkin Member | Trustee | 2 | $0 |
Melissa Logan Sassella Member | OfficerTrustee | 2 | $0 |
Todd Cantrall Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southworth Consulting Llc Consulting/rent | 12/30/22 | $385,550 |
Baker Hughes Oilfield Solutions Llc Consulting | 12/30/22 | $345,000 |
Enterprise Strategic Management Consulting | 12/30/22 | $180,000 |
Technonautic Llc Management Services | 12/30/22 | $552,700 |
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 | $3,340,706 |
| Investment income | $6,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,347,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $938,250 |
| 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 | $0 |
| Fees for services: Accounting | $12,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,410 |
| Advertising and promotion | $0 |
| Office expenses | $30,624 |
| Information technology | $4,358 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,478 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,276,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,430,194 |
| Savings and temporary cash investments | $362,036 |
| 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 | $232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,963 |
| Total assets | $3,794,425 |
| 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 | $3,794,425 |
| 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 | $3,794,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Offshore Operators Committee Kenner, LA | $3,794,425 | $3,347,456 |
Southern Gas Association Gas Machinery Research Council Dallas, TX | $3,665,362 | $1,677,228 |
Texas Grain Sorghum Association Inc Lubbock, TX | $155,772 | $403,917 |
Heartland Action Inc Bentonville, AR | $1,689,256 | $0 |
Austin Tech Alliance Austin, TX | $45,517 | $0 |
Foundation For The Advancement Of A Strategic Science Of Teaching Inc Baton Rouge, LA | $74,830 | $48,711 |