Energeo Alliance
- Assets
- $3.1m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Houston, TX
- Founding
- 04/1972
- Data as of
- 12/2023
- EIN
- 74-1707537
Organization Overview
Energeo Alliance is located in Houston, TX. The organization was established in 1972. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Energeo Alliance employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energeo Alliance 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, Energeo Alliance generated $4.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENERGEO ALLIANCE IS THE GLOBAL TRADE ALLIANCE FOR THE ENERGY GEOSCIENCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT & REGULATORY MANAGEMENT: THE ENERGEO ALLIANCE ENGAGES GOVERNMENTS AND STAKEHOLDERS WORLDWIDE WITH INFORMED SCIENTIFIC, TECHNICAL, AND LEGAL ANALYSIS TO PROTECT THE ENVIRONMENT AND DEVELOP ESSENTIAL ENERGY SUPPLIES. THE ENERGEO ALLIANCE MONITORS AND EDUCATES MEMBERS AND ORGANIZES CONSISTENT INDUSTRY POSITIONS ON REGULATORY INITIATIVES AND POLICIES AFFECTING THE ENERGY GEOSCIENCE INDUSTRIES TO ENSURE CONTINUED ACCESS FOR ENERGY EXPLORATION. THE ENERGEO ALLIANCE SUPPORTS AND FOSTERS SCIENCE AND RISK-BASED REGULATIONS CONSISTENT WITH EXISTING PRACTICES PROVEN TO BE ENVIRONMENTALLY RESPONSIBLE, EFFECTIVE, AND OPERATIONALLY FEASIBLE.
COMMUNICATIONS & EXTERNAL AFFAIRS: THE ENERGEO ALLIANCE ELEVATES THE VISIBILITY OF OUR MEMBERS AND THE ENERGY GEOSCIENCE INDUSTRY THROUGH EXTERNAL PUBLIC AND STAKEHOLDER ENGAGEMENT AND MEDIA OUTREACH. THIS INCLUDES INDUSTRY EVENTS AND PUBLIC FORUMS, EXTERNAL MEDIA PRODUCTS AND CAMPAIGNS, NEWS MEDIA ENGAGEMENT, AND INITIATIVES TO IMPROVE THE INDUSTRY'S PUBLIC IMAGE. THE ENERGEO ALLIANCE ALSO ESTABLISHES STRONG COOPERATIVE RELATIONSHIPS WITH RELEVANT INTERNATIONAL AND NATIONAL TRADE ASSOCIATIONS AND ORGANIZATIONS TO CREATE ALIGNMENT AND ENHANCE INDUSTRY UNITY AND EFFECTIVENESS IN ADVOCACY AND COMMUNICATIONS GLOBALLY. THROUGH MEMBER COMMUNICATIONS, THE ENERGEO ALLIANCE INFORMS MEMBERS OF ASSOCIATION ACTIVITY, EVENTS, AND INDUSTRY ISSUES.
PROMOTING THE HEALTH OF THE INDUSTRY: THE ENERGEO ALLIANCE FACILITATES CONTINUOUS IMPROVEMENT AND PROMOTION OF THE INDUSTRY'S TECHNOLOGICAL INNOVATION, OPERATIONS, AND COMMITMENT TO HEALTH, SAFETY, SECURITY, AND ENVIRONMENT. THE ENERGEO ALLIANCE ADDRESSES ISSUES THAT POSE RISKS TO THE INDUSTRY'S REGULATORY AND FISCAL CERTAINTY AND RECOMMENDS BEST PRACTICES, STATEMENTS OF PRINCIPLES, AND MODEL CONTRACTS TO PROMOTE ENVIRONMENTAL PROTECTION, SAFETY, AND EFFICIENCY. THE ENERGEO ALLIANCE TRACKS SCIENCE WITH HIGH IMPACT POTENTIAL AND INVESTS IN SCIENTIFIC RESEARCH TO ENSURE CRITICAL KNOWLEDGE GAPS REGARDING THE POTENTIAL ENVIRONMENTAL EFFECTS OF EXPLORATION ACTIVITIES ARE FILLED. THE ENERGEO ALLIANCE EQUIPS MEMBERS WITH SCIENTIFIC INFORMATION, REGULATORY COMPLIANCE RESOURCES, AND PUBLIC ADVOCACY MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Lovatini Chair | OfficerTrustee | 1 | $0 |
Rune Olav Pedersen Vice Chair | OfficerTrustee | 0.5 | $0 |
Irene Waage Basili Director | Trustee | 0.5 | $0 |
Tony Bowman Director | Trustee | 0.5 | $0 |
Forrest Burkholder Director | Trustee | 0.5 | $0 |
Joe Dryer Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fti Consulting (Sc) Inc Strategic Commun. Consulting | 12/30/23 | $145,000 |
Andreia Owens Regulatory Consulting | 12/30/23 | $112,413 |
Worley Group Inc Project Consulting | 12/30/23 | $217,283 |
Dhi Water & Environment Inc Project Consulting | 12/30/23 | $108,400 |
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 | $4,855,788 |
| Investment income | $21,317 |
| 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 | $4,877,105 |
| 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. | $977,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $884,760 |
| Pension plan accruals and contributions | $39,871 |
| Other employee benefits | $169,159 |
| Payroll taxes | $119,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,308 |
| Fees for services: Accounting | $91,765 |
| Fees for services: Lobbying | $105,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,827 |
| Information technology | $55,231 |
| Royalties | $0 |
| Occupancy | $96,744 |
| Travel | $179,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $336,540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,010 |
| Insurance | $39,191 |
| All other expenses | $78,512 |
| Total functional expenses | $4,873,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,987,247 |
| Savings and temporary cash investments | $1,004,401 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,348 |
| 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 | $15,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,137,313 |
| Accounts payable and accrued expenses | $608,266 |
| Grants payable | $0 |
| Deferred revenue | $395,372 |
| 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 | $1,003,638 |
| Net assets without donor restrictions | $1,251,548 |
| Net assets with donor restrictions | $882,127 |
| 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 | $3,137,313 |