Association Of International Petroleum Negotiators Inc

Organization Overview

Association Of International Petroleum Negotiators Inc is located in Houston, TX. The organization was established in 1984. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Association Of International Petroleum Negotiators Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of International Petroleum Negotiators Inc 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, Association Of International Petroleum Negotiators Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 1.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTS INTERNATIONAL ENERGY NEGOTIATORS AROUND THE WORLD TO ENHANCE THEIR EFFECTIVENESS AND PROFESSIONALISM IN THE INTERNATIONAL ENERGY COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPONSOR ANNUAL AND MONTHLY MEETINGS AS WELL AS INTERNATIONAL SEMINARS THAT INCLUDE EXPERTS ADDRESSING TOPICS IMPORTANT TO INDUSTRY, ACADEMICS AND GOVERNMENT OFFICIALS OF NUMEROUS COUNTRIES INCLUDING THE UNITED STATES.


DEVELOP MODEL BUSINESS CONTRACTS AND AGREEMENTS FOR THE OIL, GAS AND ENERGY INDUSTRY THAT ULTIMATELY FACILITATE THE NEGOTIATION OF INTERNATIONAL CONTRACTS AND AGREEMENTS.


STUDENT OUTREACH PROGRAM FUNDS ACADEMIC SCHOLARSHIPS AND COMPETITIONS, AND FOSTERS, THROUGH NETWORKING FORUMS, EMPLOYMENT CONTACTS FOR COLLEGE STUDENTS. SCHOLARSHIPS OF $2,000 TO $5,000 EACH ARE AWARDED ANNUALLY TO WELL-QUALIFIED STUDENTS IN FINANCIAL NEED WHO POSSESS THE POTENTIAL TO MAKE A SIGNIFICANT CONTRIBUTION TO THE FIELD OF INTERNATIONAL OIL, GAS AND ENERGY NEGOTIATIONS. UP TO TWO WINNERS OF THE WRITING COMPETITION ARE SELECTED ANNUALLY AND THE RECIPIENTS ARE AWARDED FREE REGISTRATION AND TRAVEL TO A CONFERENCE, AS WELL AS A COMPLIMENTARY MEMBERSHIP FOR ONE YEAR.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$348,010
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$393,494
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$741,504
Total Program Service Revenue$1,006,024
Investment income $54,482
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 $1,802,010

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