American Association Of Drilling Engineers is located in Midland, TX. The organization was established in 2004. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. 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 $163.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $66.3k during the year ending 12/2021. 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 A FORUM FOR DISSEMINATION OF PRACTICAL DRILLING TECHNOLOGY TO THOSE EMPLOYED OR INTERESTED IN THE DRILLING INDUSTRY. TO BE A LEADING FORUM FOR THE DISSEMINATION AND INTERCHANGE OF DRILLING PRACTICES AND TECHNOLOGY. TO PROMOTE PROFESSIONALISM AND RESPECT WITHIN THE DRILLING INDUSTRY, THE COMMUNITY, AND THE ENVIRONMENT IN WHICH IT CO-EXISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY MEETINGS TO EXPOSE MEMBERS TO THE LATEST TECHNOLOGY IN THE OIL AND GAS DRILLING INDUSTRY. EACH MEETING FEATURED A GUEST SPEAKER.
SCHOLARSHIPS AWARDED TO STUDENTS IN ENGINEERING TO PROMOTE INDUSTRY
SPONSORSHIP OF TEXAS TECH UNIV CAMPUS CHAPTER COSTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gerrit Bennis 2nd VP | Officer | 4 | $0 |
Alexis Rice Secretary | Officer | 4 | $0 |
Josh Sperry 1st VP | Officer | 4 | $0 |
Ryan Maynard Program Chair | Officer | 4 | $0 |
Scott Williams Past President | Officer | 4 | $0 |
Matt Schnuriger Treasurer | Officer | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $20,600 |
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 | $20,600 |
Total Program Service Revenue | $63,994 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $79,141 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $163,735 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,577 |
Grants and other assistance to domestic individuals. | $8,000 |
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 | $2,936 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $162 |
Insurance | $0 |
All other expenses | $201 |
Total functional expenses | $66,319 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $256,686 |
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 | $256,686 |
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 | $0 |
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 | $256,686 |
Total liabilities and net assets/fund balances | $256,686 |
Over the last fiscal year, American Association Of Drilling Engineers has awarded $111,338 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Socorro, NM PURPOSE: ENGINEERING DEPT REMODEL | $51,941 |
Socorro, NM PURPOSE: ENGINEERING STUDENT CHAPTER SUPPORT | $25,050 |
UN OF TX PERMIAN BASIN PURPOSE: ENGINEERING STUDENT CHAPTER SUPPORT | $18,197 |
TEXAS TECH UNIVERSITY PURPOSE: ENGINEERING STUDENT CHAPTER SUPPORT | $16,150 |
Organization Name | Assets | Revenue |
---|---|---|
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |
Conference Of Consulting Actuaries Bee Cave, TX | $11,632,171 | $2,821,046 |
Better Business Bureau Of Central Oklahoma Inc Okc, OK | $1,740,630 | $1,717,887 |
Better Business Bureau Of Arkansas Inc Little Rock, AR | $2,156,323 | $1,539,686 |