American Association Of Drilling Engineers
- Assets
- $406.3k
- Revenue
- $172.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 58-1739982
Organization Overview
American Association Of Drilling Engineers is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (U42) the organization is classified as: Engineering, 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. American Association Of Drilling Engineers 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, American Association Of Drilling Engineers generated $172.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $127.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) 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
TO PROVIDE THE FORUM FOR THE DISSIMATION OF PRACTICAL DRILLING TECHNOLOGY TO STUDENTS, THOSE EMPLOYED IN OR INTERESTED IN THE DRILLING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISSEMINATION OF INFORMATION & EXCHANGE OF IDEAS WITH REGARDS TO THE DRILLING INDUSTRY
TO ESTABLISH AN ENDOWED PROFESSORSHIP IN PETROLEUM ENGINEERING AT THE UNIVERSITY OF HOUSTON.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Vaughn Executive Di | Officer | 1 | $0 |
Jeff Bruton President | Officer | 2.5 | $0 |
Sharon Moore Vice Preside | Officer | 1 | $0 |
Skipper Johnson Secretary | Officer | 1 | $0 |
Jenaya Rohlfing Treasurer | Officer | 1.5 | $0 |
Ryan Broglie Director | Trustee | 0.5 | $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 | $44,652 |
| Investment income | $59 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $127,646 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,357 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,655 |
| Advertising and promotion | $0 |
| Office expenses | $10 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $309 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,919 |
| All other expenses | $0 |
| Total functional expenses | $127,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,317 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,317 |
| 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 | $406,317 |
| 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 | $406,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Engineering Companies Of Texas Austin, TX | $2,860,536 | $3,182,709 |
International Union Of Operating Engineers Fort Worth, TX | $4,792,541 | $1,583,815 |
Southwest Louisiana Construction Users Council Lake Charles, LA | $10,312,285 | $1,410,861 |
International Union Of Operating Engineers Albuquerque, NM | $391,229 | $1,202,470 |
American Council Of Engineering Companies Of Louisiana Inc Baton Rouge, LA | $183,722 | $625,161 |
Texas Alliance For Minorities In Engineering Austin, TX | $640,041 | $522,087 |
American Society Of Civil Engineers Austin, TX | $720,756 | $621,057 |
Louisiana Engineering Society Baton Rouge, LA | $329,765 | $574,776 |
American Federation Of Labor And Congress Of Industrial Orgs Deer Park, TX | $460,273 | $847,152 |
American Society Of Civil Engineers Jacksonville, AR | $438,361 | $494,167 |
Austin Association Of Facility & Maintenance Engineers Austin, TX | $238,642 | $383,753 |
American Council Of Engineering Companies Of Oklahoma Inc Oklahoma City, OK | $140,575 | $349,720 |