National Petroleum Council
- Assets
- $13.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Washington, DC
- Founding
- 06/1947
- Data as of
- 12/2021
- EIN
- 53-0182304
Organization Overview
National Petroleum Council is located in Washington, DC. The organization was established in 1947. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, National Petroleum Council employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Petroleum Council 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, National Petroleum Council generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
TO ADVISE, INFORM, AND MAKE RECOMMENDATIONS IN WRITING AS REQUESTED BY THE SECRETARY OF ENERGY WITH RESPECT TO ANY MATTER RELATING TO OIL AND GAS OR TO THE OIL AND GAS INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE COUNCIL'S PRIMARY ACTIVITIES INVOLVED:- FOLLOW-UP ACTIVITIES ON COUNCIL'S TWO MOST RECENT NPC REPORTS PREPARED AT THE REQUEST OF THE SECRETARY OF ENERGY:- DEVELOPMENT AND PRIORITIZATION OF A LIST OF HIGH-VALUE, HIGH-IMPACT STUDY TOPICS THAT MIGHT BE APPROPRIATE FOR THE COUNCIL'S CONSIDERATION AT THE REQUEST OF THE SECRETARY OF ENERGY IN 2021.- OPERATING DURING COVID-19 FOLLOW-UP ACTIVITIES ON RECENT NPC REPORTS IN DECEMBER 2019, THE COUNCIL APPROVED TWO FINAL REPORTS RESULTING FROM TWO-YEAR STUDIES IT CONDUCTED AT THE REQUEST OF THE SECRETARY OF ENERGY: - DYNAMIC DELIVERY AMERICA'S EVOLVING OIL AND NATURAL GAS TRANSPORTATION INFRASTRUCTURE- MEETING THE DUAL CHALLENGE A ROADMAP TO AT-SCALE DEPLOYMENT OF CARBON CAPTURE, USE, AND STORAGE 2021 POST-REPORT-APPROVAL ACTIVITIES INCLUDED FINAL NPC WEBSITE EDITING AND POSTING OF STUDY REPORTS AND OTHER MATERIALS.. ALSO, CONTINUED TO ASSIST THE TWO STUDY TEAMS IN RESPONDING TO REQUESTED PRESENTATIONS TO VARIOUS INTERESTED PARTIES INCLUDING GOVERNMENT, NEWS MEDIA, NGOS, THINK TANKS, ACADEMIA, AND INDUSTRY AND IN RESPONDING TOINTERNET, EMAIL, AND TELEPHONIC REQUESTS. POTENTIAL NPC STUDY TOPICS THE COUNCIL UTILIZED ITS COCHAIRS' COORDINATING COMMITTEE (CCC) TO DEVELOP AND PRIORITIZE A LIST OF POTENTIAL NPC TOPICS. THIS ACTIVITY WAS UNDERTAKEN WITH THE CONCURRENCE OF THE SECRETARY OF ENERGY AND WAS STARTED IN THE FALL OF 2020 WAS COMPLETED IN MID-2021. THE RECOMMENDED TOPICS WERE THEN PRESENTED AND DISCUSSED WITH THE NEW SECRETARY OF ENERGY, WHO LATER IN 2021 REQUESTED THE COUNCIL TO UNDERTAKE A STUDY ON ONE OF THESE TOPICS DEPLOYMENT OF LOW AND ZERO CARBON HYDROGEN ENERGY AT SCALE THROUGH THE ENTIRE VALUE CHAIN. COVID-19STARTING IN MARCH 2020 INTO 2021, THE COUNCIL INITIATED REMOTE OPERATIONS IN RESPONSE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall W Nichols Executive Director/secretary | Officer | 40 | $612,776 |
John H Guy IV Deputy Executive Director | Officer | 40 | $514,397 |
James Slutz Senior Committee Operations | 40 | $281,689 | |
Stephen Newstedt Finance Manager | 40 | $166,260 | |
Pamela K Dunning Executive Assistant | 40 | $140,780 | |
Barbara Allen Senior Editor | 40 | $115,438 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,313,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,481,215 |
| Total Program Service Revenue | $366 |
| Investment income | $21,268 |
| 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 | $4,502,849 |
| 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. | $1,446,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,035,327 |
| Pension plan accruals and contributions | $378,005 |
| Other employee benefits | $405,732 |
| Payroll taxes | $132,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,880 |
| Fees for services: Accounting | $52,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,576 |
| Advertising and promotion | $0 |
| Office expenses | $38,088 |
| Information technology | $39,656 |
| Royalties | $0 |
| Occupancy | $365,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,512 |
| Insurance | $36,046 |
| All other expenses | $1,208 |
| Total functional expenses | $3,972,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,867,336 |
| Savings and temporary cash investments | $1,696,442 |
| Pledges and grants receivable | $169,000 |
| 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 | $63,579 |
| Net Land, buildings, and equipment | $31,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,356,281 |
| Total assets | $13,184,202 |
| Accounts payable and accrued expenses | $807,741 |
| 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 | $9,886,883 |
| Total liabilities | $10,694,624 |
| Net assets without donor restrictions | $2,489,578 |
| 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 | $13,184,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Resources For The Future Inc Washington, DC | $87,643,116 | $15,471,020 |
International Council On Clean Transportation Washington, DC | $10,919,229 | $15,647,679 |
Health Care Without Harm Reston, VA | $18,732,960 | $11,311,723 |
Clearpath Inc Washington, DC | $4,886,065 | $9,219,831 |
Center For Climate Integrity Washington, DC | $3,631,672 | $5,563,480 |
Clean Water Fund Washington, DC | $6,131,440 | $6,555,415 |
Smart Growth America Washington, DC | $4,425,807 | $5,937,730 |
Center For Climate And Energy Solutions Arlington, VA | $5,506,660 | $2,967,227 |
National Petroleum Council Washington, DC | $13,184,202 | $4,502,849 |
Center For Carbon Removal Washington, DC | $19,575,361 | $19,012,928 |
Electrification Coalition Foundation Washington, DC | $3,376,408 | $4,977,266 |
Foundations Of Success Inc Bethesda, MD | $3,526,490 | $2,845,123 |