International Coiled Tubing Association
- Assets
- $460.3k
- Revenue
- $228.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 06/2015
- Data as of
- 12/2019
- EIN
- 74-2921985
Organization Overview
International Coiled Tubing Association is located in Montgomery, TX. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Coiled Tubing Association 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 12/2019, International Coiled Tubing Association generated $228.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $228.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE COMMUNICATION,GATHER TECH EXPERTISE,PROMOTE SAFETY,TRAINING,COMPETENCY & ACCEPTED PRACTICES WITHIN THE WELL INTERVENTION INDUSTRY THROUGH PARTICIPATING MFG,SUPPLIERS,SERVICE PROVIDERS & END-USERS OF COILED TUBING,SLICKLINE,WIRELINE,HYDRAULIC WORKOVER,PUMPING & ASSOC TECH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPE/ICOTA WELL INTERVENTION CONFERENCE & EXHIBITION - THE ANNUAL SPE/ICOTA COILED TUBING CONFERENCE AND EXHIBITION HELD IN CONJUNCTION WITH THE SOCIETY OF PETROLEUM ENGINEERS (SPE) IS THE FLAGSHIP ICOTA EVENT. THIS IS A 2-DAY EVENT THAT IS PROCEEDED BY A DAY OF SHORT COURSES.
ONLINE TRAINING COURSES - TWO ONLINE TRAINING COURSES ARE OFFERED ON THE ICOTA WEBSITE AND IS OFFERED TO ALL MEMBERS (ACROSS ALL CHAPTERS) AT NO CHARGE. NON-MEMBERS ARE WELCOME TO TAKE THE COURSES FOR A VERY SMALL FEE. NON-MEMBERS WISHING TO TAKE THE COURSE, WILL OBTAIN MEMBERSHIP IN LIEU OF PAYING FULL PRICE. CURRENTLY, THERE ARE TWO COURSES AVAILABLE: INTRODUCTION TO WELL INTERVENTION (2 PARTS) AND COILED TUBING ENGINEERING (2 PARTS). ADDITIONAL COURSES WILL BE ADDED.
DYNAMIC WEBSITES - ICOTA GLOBAL LAUNCHED A WEBSITE INITIATIVE IN 2018 WITH THE GOAL OF HAVING A STREAMLINED, PROFESSIONAL WEB PRESENCE ALONG WITH A DEDICATED MEMBERS ONLY AREA (WWW.ICOTA.COM). MEMBERS ACROSS ALL CHAPTERS WILL HAVE ACCESS TO A LARGE LIBRARY OF INDUSTRY RELEVANT TECHNICAL PAPERS, CASE HISTORIES AND PRESENTATIONS FROM ICOTA CONFERENCES, ROUNDTABLES, WORKSHOPS AND MONTHLY CHAPTER TECHNICAL LUNCHEONS. MEMBERS WILL ALSO HAVE ACCESS TO THE WORLDWIDE MEMBERSHIP DIRECTORY AS WELL AS THE ICOTA ANNUAL COILED TUBING UNIT REPORT. NEW WEBSITE INITIAL LAUNCH WAS IN NOVEMBER 2018.
SPE/ICOTA WELL INTERVENTION CONFERENCE & EXHIBITION - THE ANNUAL SPE/ICOTA COILED TUBING CONFERENCE AND EXHIBITION HELD IN CONJUNCTION WITH THE SOCIETY OF PETROLEUM ENGINEERS (SPE) IS THE FLAGSHIP ICOTA EVENT. THIS IS A 2-DAY EVENT THAT IS PROCEEDED BY A DAY OF SHORT COURSES.
ONLINE TRAINING COURSES - TWO ONLINE TRAINING COURSES ARE OFFERED ON THE ICOTA WEBSITE AND IS OFFERED TO ALL MEMBERS (ACROSS ALL CHAPTERS) AT NO CHARGE. NON-MEMBERS ARE WELCOME TO TAKE THE COURSES FOR A VERY SMALL FEE. NON-MEMBERS WISHING TO TAKE THE COURSE, WILL OBTAIN MEMBERSHIP IN LIEU OF PAYING FULL PRICE. CURRENTLY, THERE ARE TWO COURSES AVAILABLE: INTRODUCTION TO WELL INTERVENTION (2 PARTS) AND COILED TUBING ENGINEERING (2 PARTS). ADDITIONAL COURSES WILL BE ADDED.
DYNAMIC WEBSITES - ICOTA GLOBAL LAUNCHED A WEBSITE INITIATIVE IN 2018 WITH THE GOAL OF HAVING A STREAMLINED, PROFESSIONAL WEB PRESENCE ALONG WITH A DEDICATED MEMBERS ONLY AREA (WWW.ICOTA.COM). MEMBERS ACROSS ALL CHAPTERS WILL HAVE ACCESS TO A LARGE LIBRARY OF INDUSTRY RELEVANT TECHNICAL PAPERS, CASE HISTORIES AND PRESENTATIONS FROM ICOTA CONFERENCES, ROUNDTABLES, WORKSHOPS AND MONTHLY CHAPTER TECHNICAL LUNCHEONS. MEMBERS WILL ALSO HAVE ACCESS TO THE WORLDWIDE MEMBERSHIP DIRECTORY AS WELL AS THE ICOTA ANNUAL COILED TUBING UNIT REPORT. NEW WEBSITE INITIAL LAUNCH WAS IN NOVEMBER 2018.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Billingham Sr Chairman | OfficerTrustee | 1 | $0 |
Tim Ramsey Treasurer | OfficerTrustee | 1 | $0 |
Stuart Murchie Jr Chairman | OfficerTrustee | 1 | $0 |
David Larimore Director | Trustee | 1 | $0 |
Ron Clarke Director | Trustee | 1 | $0 |
Alex Crabtree Director | Trustee | 1 | $0 |
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 | $228,687 |
| Investment income | $94 |
| 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 | $228,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $72,603 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,869 |
| Advertising and promotion | $8,672 |
| Office expenses | $8,444 |
| Information technology | $6,889 |
| Royalties | $0 |
| Occupancy | $6,658 |
| Travel | $127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,819 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $228,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,500 |
| 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 | $500 |
| Net Land, buildings, and equipment | $2,436 |
| Investments—publicly traded securities | $50 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $460,299 |
| 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 | $460,299 |
| 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 | $460,299 |
Grants Awarded
Over the last fiscal year, International Coiled Tubing Association has awarded $35,381 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Montgomery, TX PURPOSE: General support | $25,381 |
ICOTA - CHINA CHAPTER PURPOSE: General support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Orleans Physician Services Inc Marrero, LA | $14,295,398 | $37,317,749 |
Circuit Events Local Organizing Committee Austin, TX | $5,758,250 | $14,482,431 |
American Productivity & Quality Center Inc Houston, TX | $30,940,165 | $18,224,607 |
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |