International Petroleum Museum And Exposition Inc

Organization Overview

International Petroleum Museum And Exposition Inc, operating under the name The Rig Museum, is located in Morgan City, LA. The organization was established in 1994. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Rig Museum employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rig Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Rig Museum generated $289.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $175.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MUSEUM GATHERS, SAVES, PRESERVES, AND INTERPRETS ARTIFACTS AND INFORMATION ABOUT THE OFFSHORE OIL AND GAS INDUSTRIES AND EDUCATES THE PUBLIC CONCERNING THE HISTORY, CULTURE, AND WORKING CONDITIONS OF THESE INDUSTRIES AND ON THE IMPACT AND SIGNIFICANCE OF THESE INDUSTRIES UPON THE REST OF THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MUSEUM EDUCATES THE PUBLIC IN THE HISTORY, CULTURE, AND WORKING CONDITIONS OF THE OFFSHORE OIL AND GAS INDUSTRIES UTILIZING THE HISTORIC OFFSHORE DRILLING RIG MR. CHARLIE AS A HANDS-ON LIVE ABOARD TRAINING AREA. STUDENTS WERE TRAINED ON THE RIG IN FORMAL CLASSROOM TRAINING. HANDS-ON TRAINING WAS DONE IN ACTUAL OFFSHORE WORK SETTINGS ON THE RIG. MANY STUDENTS ALSO LIVED ON THE RIG TO GIVE THEM A TRUE OFFSHORE WORKING AND LIVING EXPERIENCE.


THE MUSEUM EDUCATES THE PUBLIC IN THE HISTORY, CULTURE, AND WORKING CONDITIONS OF THE OFFSHORE OIL AND GAS INDUSTRIES BY ERECTING A MONUMENT OF AN OFFSHORE HARDHAT DIVER WITH EXPLANTATION OF THE HISTORY OF THE OIL AND GAS DIVING INDUSTRY. ADDITIONAL INFORMATION AND DISPLAYS ARE PROVIDED IN THE MUSEUM'S DIVING AND ROV SECTION.


THE MUSEUM EDUCATES THE PUBLIC IN THE HISTORY, CULTURE, AND WORKING CONDITIONS OF THE OFFSHORE OIL AND GAS INDUSTRIES BY RENOVATING AND PRESERVING THE HISTORIC OFFSHORE DRILLING RIG MR. CHARLIE FOR GENERATIONS TO COME TO VISIT AND TRAIN ON. THE RENOVATIONS AND PRESERVATION WORK IS A DAILY TASK BECAUSE OF THE ONGOING TOURS AND LIVE ABOARD TRAINING. SOME OF THE WORK IS DONE BY STUDENTS AS WELL AS BY VOLUNTEERS.


THE MUSEUM EDUCATES THE PUBLIC IN THE HISTORY, CULTURE, AND WORKING CONDITIONS OF THE OFFSHORE OIL AND GAS INDUSTRIES BY GIVING GUIDED TOURS OF THE HISTORIC OFFSHORE DRILLING RIG MR. CHARLIE. OVER 1535 TOURISTS FROM ACROSS THE COUNTRY AND AROUND THE WORLD VISITED THE MUSEUM. THE GUIDED TOURS BRING THE TOURISTS THROUGHOUT THE OFFSHORE DRILLING RIG INCLUDING THE LIVING AND WORKING AREAS OF THE RIG. WITH THE HANDS-ON, LIVE ABOARD TRAINING DONE ON THE RIG, THE TOURISTS GET TO VISIT AND ACTUAL WORKING RIG GIVING THEM A TRUE OFFSHORE RIG EXPERIENCE.


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Board, Officers & Key Employees

Name (title)Compensation
Virgil Allen
President/director
$45,000
Katherine V Allen
Secretary-Treasurer/director
$9,600
Bryce Merrill
Vice-President/director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,817
Fundraising events$0
Related organizations$0
Government grants $2,500
All other contributions, gifts, grants, and similar amounts not included above$237,715
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$243,032
Total Program Service Revenue$16,708
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $29,224
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $288,964

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