Independent Petroleum Association Of America
- Assets
- $4.7m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 01/1960
- Data as of
- 12/2023
- EIN
- 73-0296927
Organization Overview
Independent Petroleum Association Of America is located in Washington, DC. The organization was established in 1960. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Independent Petroleum Association Of America employed 13 individuals. This organization is the central organization for a national or regional group of organizations. Independent Petroleum Association Of America 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 12/2023, Independent Petroleum Association Of America generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IPAA IS A NATIONAL TRADE ASSOCIATION, HEADQUARTERED IN WASHINGTON, D.C., THAT REPRESENTS THOUSANDS OF INDEPENDENT OIL AND NATURAL GAS PRODUCERS AND SERVICE COMPANIES ACROSS THE UNITED STATES. IT SERVES AS AN INFORMED VOICE FOR THE EXPLORATION AND PRODUCTION SEGMENT OF THE INDUSTRY AND ADVOCATES ITS MEMBERS' VIEWS BEFORE THE UNITED STATES CONGRESS, THE WHITE HOUSE, AND FEDERAL AGENCIES. IPAA PROVIDES ECONOMIC AND STATISTICAL INFORMATION ABOUT THE U.S. EXPLORATION AND PRODUCTION INDUSTRY. IPAA DEVELOPS NETWORKING AND BUSINESS DEVELOPMENT OPPORTUNITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS: ACTIVELY WORKED TOWARD INFLUENCING VARIOUS LEGISLATION PERTAINING TO THE OIL AND GAS INDUSTRY THROUGH LOBBYING.
MEETINGS: PLANNED AND CONDUCTED COMMITTEE MEETINGS, REGIONAL SEMINARS, ISSUES FORUMS, AND NATIONAL CONFERENCES WHICH DISSEMINATED INFORMATION REGARDING INDUSTRY ISSUES.
COMMUNICATIONS/ENERGY IN DEPTH: DISSEMINATED INFORMATION, CONDUCTED PRESS RELEASES AND PREPARED NEWSLETTERS REGARDING INFORMATION PERTAINING TO IPAA AS A WHOLE IN ADDITION TO INDIVIDUAL PROGRAMS. THE LARGEST PROGRAM, ENERGY IN DEPTH, IS A RESEARCH, EDUCATION AND PUBLIC OUTREACH CAMPAIGN FOCUSED ON GETTING THE FACTS OUT ABOUT THE PROMISE AND POTENTIAL OF RESPONSIBLY DEVELOPING AMERICA'S ONSHORE ENERGY RESOURCE BASE- ESPECIALLY ABUNDANT SOURCES OF OIL AND NATURAL GAS FROM SHALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Jeffrey Eshelman II President & | Officer | 40 | $350,000 |
Daniel Naatz Coo, Secreta | Officer | 40 | $310,300 |
Ida Post CFO | Officer | 40 | $262,300 |
Barrett Russell Past Preside | $254,584 | ||
Ryan Ullman VP Of Govt. | 40 | $170,633 | |
David Lungren VP Admin/mem | Officer | 40 | $152,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fti Consulting Inc Consulting | 12/30/23 | $1,610,000 |
Lee Owen Fuller Llc Consulting | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,817,550 |
| Fundraising events | $117,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,529 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,171,079 |
| Total Program Service Revenue | $2,247,483 |
| Investment income | $56,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,876 |
| Net Income from Fundraising Events | -$47,138 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,443,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,733 |
| 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. | $1,075,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $254,584 |
| Other salaries and wages | $635,391 |
| Pension plan accruals and contributions | $92,373 |
| Other employee benefits | $0 |
| Payroll taxes | $124,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,955 |
| Fees for services: Accounting | $29,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,870 |
| Fees for services: Other | $1,631,073 |
| Advertising and promotion | $35,310 |
| Office expenses | $177,497 |
| Information technology | $98,490 |
| Royalties | $0 |
| Occupancy | $87,553 |
| Travel | $124,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,498 |
| Interest | $3,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,575 |
| Insurance | $208,372 |
| All other expenses | $617 |
| Total functional expenses | $4,930,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,469,768 |
| Savings and temporary cash investments | $3,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000 |
| 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 | $166,072 |
| Net Land, buildings, and equipment | $23,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,591,920 |
| Intangible assets | $0 |
| Other assets | $421,699 |
| Total assets | $4,677,039 |
| Accounts payable and accrued expenses | $271,262 |
| Grants payable | $0 |
| Deferred revenue | $124,530 |
| 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 | $25,689 |
| Other liabilities | $548,166 |
| Total liabilities | $969,647 |
| Net assets without donor restrictions | $2,905,083 |
| Net assets with donor restrictions | $802,309 |
| 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 | $4,677,039 |
Grants Awarded
Over the last fiscal year, Independent Petroleum Association Of America has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IPAA EDUCATIONAL FOUNDATION PURPOSE: GENERAL PROGRAM | $20,000 |
CONSUMER ENERGY ALLIANCE PURPOSE: GENERAL PROGRAM | $5,000 |