Petroleum Equipment & Services Association
- Assets
- $3.6m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/1944
- Data as of
- 12/2021
- EIN
- 74-0484340
Organization Overview
Petroleum Equipment & Services Association, operating under the name Energy Workforce & Technology Council, is located in Houston, TX. The organization was established in 1944. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Workforce & Technology 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, Energy Workforce & Technology Council generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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.
Since 2015, Energy Workforce & Technology Council has awarded 16 individual grants totaling $958,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE MEMBER POLICY PRIORITIES AND EMPOWER THE ENERGY WORKFORCE OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREDIT INTERCHANGE DIVISION - THIS PROGRAM PROVIDES FOR THE INTERCHANGE OF CREDIT AND COLLECTION EXPERIENCE BETWEEN SUBSCRIBER MEMBERS IN A FORMAT THAT ADDRESSES THE SPECIFIC NEEDS OF MEMBERS OF THE PETROLEUM INDUSTRY AND IS RESTRICTED FOR CONFIDENTIAL USE TO THE CREDIT DEPARTMENTS OF SUBSCRIBER MEMBERS ONLY.
ANNUAL AND OTHER MEETINGS - THESE PROGRAMS ALLOW MEMBERS TO DISCUSS WITH ONE ANOTHER THE STATE OF THE PETROLEUM INDUSTRY AND ISSUES FACING IT.
EMERGING LEADERS - THIS PROGRAM TRAINS AND DEVELOPS MIDDLE MANAGERS SO THAT THEY CAN MOVE INTO THE SENIOR EXECUTIVE POSITIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Beyer CEO | Officer | 40 | $597,662 |
Timothy Tarpley Sr VP Government Affairs | 40 | $268,594 | |
Molly Determan COO | 40 | $251,488 | |
Marina Ouano Finance Director | Officer | 40 | $154,893 |
Andrew Knapp Senior Advisor Sustainability And Esg | 40 | $146,999 | |
Kenny Jordan VP | 40 | $134,815 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Textron Construction Co Office Renovation | 12/30/18 | $139,810 |
Abc Amega Inc Credit Reporting Membership | 12/30/18 | $101,750 |
Washington Speakers Bureau Event Speaker Fees | 12/30/18 | $196,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $343,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,134 |
| Noncash contributions included in lines 1a–1f | $113,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $483,531 |
| Total Program Service Revenue | $2,875,559 |
| Investment income | $78,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,166 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,146 |
| Net Income from Fundraising Events | $53,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$43 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,793,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,000 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $829,754 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,553,994 |
| Pension plan accruals and contributions | $116,421 |
| Other employee benefits | $162,032 |
| Payroll taxes | $129,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,005 |
| Fees for services: Accounting | $16,433 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,616 |
| Fees for services: Other | $78,866 |
| Advertising and promotion | $194,214 |
| Office expenses | $94,081 |
| Information technology | $8,814 |
| Royalties | $0 |
| Occupancy | $140,586 |
| Travel | $9,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $171,748 |
| Interest | $1,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,568 |
| Insurance | $12,702 |
| All other expenses | $45,463 |
| Total functional expenses | $4,332,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,225 |
| Savings and temporary cash investments | $13,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,419 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,023 |
| Prepaid expenses and deferred charges | $152,728 |
| Net Land, buildings, and equipment | $246,798 |
| Investments—publicly traded securities | $2,998,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,582,398 |
| Accounts payable and accrued expenses | $688,546 |
| Grants payable | $0 |
| Deferred revenue | $391,250 |
| 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 | $17,184 |
| Total liabilities | $1,096,980 |
| Net assets without donor restrictions | $2,485,418 |
| 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 | $3,582,398 |
Grants Awarded
Over the last fiscal year, Petroleum Equipment & Services Association has awarded $81,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: EDUCATION | $75,000 |
Houston, TX PURPOSE: EDUCATION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |