Association Of International Petroleum Negotiators Inc
- Assets
- $3.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Houston, TX
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 76-0105598
Organization Overview
Association Of International Petroleum Negotiators Inc is located in Houston, TX. The organization was established in 1984. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Association Of International Petroleum Negotiators Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of International Petroleum Negotiators Inc 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, Association Of International Petroleum Negotiators Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS INTERNATIONAL ENERGY NEGOTIATORS AROUND THE WORLD TO ENHANCE THEIR EFFECTIVENESS AND PROFESSIONALISM IN THE INTERNATIONAL ENERGY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR ANNUAL AND MONTHLY MEETINGS AS WELL AS INTERNATIONAL SEMINARS THAT INCLUDE EXPERTS ADDRESSING TOPICS IMPORTANT TO INDUSTRY, ACADEMICS AND GOVERNMENT OFFICIALS OF NUMEROUS COUNTRIES INCLUDING THE UNITED STATES.
DEVELOP MODEL BUSINESS CONTRACTS AND AGREEMENTS FOR THE OIL AND GAS INDUSTRY THAT ULTIMATELY FACILITATE THE NEGOTIATION OF INTERNATIONAL CONTRACTS AND AGREEMENTS.
STUDENT OUTREACH PROGRAM FUNDS ACADEMIC SCHOLARSHIPS AND COMPETITION, FOSTERS EMPLOYMENT CONTACTS, AND JOB BANKS FOR COLLEGE STUDENTS. SCHOLARSHIPS OF UP TO $5,000 EACH ARE AWARDED ANNUALLY TO WELL-QUALIFIED STUDENTS IN FINANCIAL NEED WHO POSSESS THE POTENTIAL TO MAKE A SIGNIFICANT CONTRIBUTION TO THE FIELD OF INTERNATIONAL OIL AND GAS NEGOTIATIONS. UP TO TWO WINNERS OF THE WRITING COMPETITION ARE SELECTED ANNUALLY AND THE RECIPIENTS ARE AWARDED FREE REGISTRATION AND TRAVEL TO A CONFERENCE, AS WELL AS A COMPLIMENTARY MEMBERSHIP FOR ONE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Costa Fotopoulos Immediate Past President | OfficerTrustee | 5 | $0 |
Jennifer Anne Josefson President | Officer | 10 | $0 |
Diana Sanclemente VP - Education | Officer | 5 | $0 |
Willem Bloem VP - Communication | Officer | 5 | $0 |
Ricardo Alves Silva VP - Planning | Officer | 5 | $0 |
Jean-Philippe Alary VP - Membership | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $393,406 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,799 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,250 |
| Total Program Service Revenue | $178,350 |
| Investment income | $106,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $91,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,500 |
| 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 | $465,784 |
| Pension plan accruals and contributions | $20,864 |
| Other employee benefits | $26,686 |
| Payroll taxes | $35,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,166 |
| Fees for services: Other | $39,625 |
| Advertising and promotion | $995 |
| Office expenses | $39,994 |
| Information technology | $22,840 |
| Royalties | $0 |
| Occupancy | $54,370 |
| Travel | $4,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $240,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,647 |
| Insurance | $17,847 |
| All other expenses | $0 |
| Total functional expenses | $1,165,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,332 |
| 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 | $90,489 |
| Net Land, buildings, and equipment | $10,404 |
| Investments—publicly traded securities | $3,505,735 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,877,719 |
| Accounts payable and accrued expenses | $129,818 |
| Grants payable | $0 |
| Deferred revenue | $236,868 |
| 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 | $366,686 |
| Net assets without donor restrictions | $3,457,133 |
| Net assets with donor restrictions | $53,900 |
| 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 | $3,877,719 |
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