American Exploration & Production Council Inc
- Assets
- $6.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 03/1976
- Data as of
- 12/2022
- EIN
- 52-1042125
Organization Overview
American Exploration & Production Council Inc, operating under the name Axpc, is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Axpc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Axpc 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, Axpc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 50.9% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 41.0% per year over the past 4 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
AXPC WORKS WITH REGULATORS AND POLICY MAKERS TO BETTER EDUCATE THEM ON OUR INDUSTRY'S OPERATIONS SO THAT THEY WILL BE ABLE TO CREATE SOUND, FACT-BASED PUBLIC POLICIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL WAS FORMED TO PROMOTE THE BUSINESS CONDITIONS OF ITS MEMBERS AND THE INDUSTRY THROUGH EFFORTS DIRECTED TOWARD FEDERAL LEGISLATION. THE COUNCIL PROVIDES MEMBERS WITH INFORMATION ON FEDERAL REGULATIONS AFFECTING THE DOMESTIC OIL AND GAS INDUSTRY, PARTICULARLY WITH RESPECT TO CHANGES IN THE TAX LAWS AND VARIOUS GOVERNMENT CONTROLS. THE COUNCIL SERVES AS A MEDIUM FOR FORMULATING POSITIONS WITH RESPECT TO PROPOSED LEGISLATION. THE COUNCIL ARRANGES APPOINTMENTS FOR REPRESENTATIVES OF MEMBER COMPANIES WITH MEMBERS OF CONGRESS TO PRESENT THE COUNCIL'S VIEWS AND POSITIONS. INFORMATION CONCERNING THE IMPACT OF CERTAIN LEGISLATIVE PROPOSALS ON MEMBERS' COMPANIES IS COMPILED. IN ADDITION, POSITION PAPERS AND LEGISLATIVE PROPOSALS OF THE COUNCIL HAVE BEEN AND WILL BE DRAFTED AND DISSEMINATED TO GOVERNMENTAL OFFICIALS AND MEMBERS OF CONGRESS. TESTIMONY CONCERNING LEGISLATION AFFECTING THE DOMESTIC OIL AND GAS INDUSTRY AND ENERGY POLICY HAS BEEN AND WILL BE PRESENTED TO CONGRESSIONAL COMMITTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Bradbury CEO | Officer | 55 | $1,132,856 |
Troy Lyons Vp, Government Affairs | 55 | $430,000 | |
Wendy Kirchoff Vp, Regulatory Policy | 55 | $303,951 | |
Elizabeth Bowman Vp, Communications | 55 | $282,000 | |
Carolyn Quinn Manager, Government Affairs | 55 | $125,825 | |
John J Christmann IV Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fti Consulting Inc Strategic Communications | 12/30/22 | $336,060 |
Massie Partners Llc Government Affairs | 12/30/22 | $301,105 |
Brownstein Hyatt Farber Schreck Llp Regulatory Consulting | 12/30/22 | $229,155 |
Cgcn Law Pllc Government Affairs | 12/30/22 | $195,000 |
Geosyntec Consultants Inc Regulatory Consulting | 12/30/22 | $130,538 |
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 | $6,118,750 |
| Investment income | $194 |
| 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 | $6,118,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,000 |
| 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. | $1,223,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,155,250 |
| Pension plan accruals and contributions | $62,852 |
| Other employee benefits | $115,625 |
| Payroll taxes | $116,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,698 |
| Fees for services: Accounting | $38,076 |
| Fees for services: Lobbying | $1,117,473 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $745,171 |
| Advertising and promotion | $43,083 |
| Office expenses | $53,689 |
| Information technology | $30,039 |
| Royalties | $0 |
| Occupancy | $104,110 |
| Travel | $103,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219,661 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,280,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,937,669 |
| Savings and temporary cash investments | $3,411,366 |
| 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 | $95,868 |
| Net Land, buildings, and equipment | $13,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $718,191 |
| Total assets | $6,177,072 |
| Accounts payable and accrued expenses | $281,822 |
| Grants payable | $0 |
| Deferred revenue | $2,800,000 |
| 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 | $710,573 |
| Total liabilities | $3,792,395 |
| Net assets without donor restrictions | $2,384,677 |
| 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 | $6,177,072 |
Grants Awarded
Over the last fiscal year, American Exploration & Production Council Inc has awarded $37,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS STATE SOCIETY OF WASHINGTON DC PURPOSE: SPONSORSHIP | $25,000 |
WESTERN CAUCUS FOUNDATION PURPOSE: GENERAL SUPPORT | $12,000 |