Offshore Operators Committee
- Assets
- $3.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Kenner, LA
- Founding
- 08/1982
- Data as of
- 12/2021
- 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 12/2021, Offshore Operators Committee generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 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
2021
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 |
|---|---|---|---|
Evan Zimmerman Executive Dir. | Officer | 40 | $503,815 |
Greg Southworth Associate Director | Officer | 40 | $381,539 |
Ronald Washington Member | OfficerTrustee | 2 | $0 |
Cheryl Powell Sec/treas | OfficerTrustee | 2 | $0 |
Melissa Logan Sassella Member | OfficerTrustee | 2 | $0 |
Steve Hamm Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Technonautic Llc Management Services | 12/30/21 | $503,815 |
Enterprise Strategic Management Consulting | 12/30/21 | $180,000 |
Onesubsea Llc Research & Development Project | 12/30/21 | $165,000 |
Southworth Consulting Llc Consulting/rent | 12/30/21 | $381,539 |
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 | $3,045,898 |
| Investment income | $2,936 |
| 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 | $3,048,834 |
| 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. | $885,354 |
| 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 | $12,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266,399 |
| Advertising and promotion | $0 |
| Office expenses | $30,577 |
| Information technology | $5,505 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,946,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,416,253 |
| Savings and temporary cash investments | $333,750 |
| 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 | $526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,963 |
| Total assets | $3,752,492 |
| 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 | $3,752,492 |
| 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 | $3,752,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Offshore Operators Committee Kenner, LA | $3,752,492 | $3,048,834 |
Southern Gas Association Gas Machinery Research Council Dallas, TX | $4,250,621 | $1,049,454 |
Texas Grain Sorghum Association Inc Salado, TX | $211,690 | $408,036 |
Austin Tech Alliance Austin, TX | $45,517 | $0 |
Foundation For The Advancement Of A Strategic Science Of Teaching Inc Baton Rouge, LA | $70,527 | $47,272 |