Houston Chapter Of International Association Of Drilling
- Assets
- $137.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Conroe, TX
- Founding
- 12/1990
- Data as of
- 12/2021
- EIN
- 76-0301706
Organization Overview
Houston Chapter Of International Association Of Drilling is located in Conroe, TX. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Chapter Of International Association Of Drilling 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, Houston Chapter Of International Association Of Drilling generated $86.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $76.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSTON CHAPTER INTERNATIONAL ASSOCIATION OF DRILLING CONTRACTORS (HCIADC) PROMOTES AND FOSTERS THE EXCHANGE OF IDEAS AND INFORMATION AMONG ITS MEMBERS AND PROVIDES SCHOLARSHIPS TO STUDENTS INTERESTED IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3
THE HOUSTON CHAPTER IS THE LARGEST LOCAL CHAPTER OF THE IADC NETWORK, SERVICING BOTH ONSHORE, INLAND BARGE, AND OFFSHORE DRILLING OPERATIONS. THE IADC IS DEDICATED TO ENHANCING THE INTERESTS OF THE OIL-AND-GAS AND GEOTHERMAL DRILLING AND COMPLETION INDUSTRY WORLDWIDE. MEMBERSHIP IS OPEN TO ANY COMPANY INVOLVED IN OIL AND GAS EXPLORATION, DRILLING OR PRODUCTION, WELL SERVICING, OILFIELD MANUFACTURING OR OTHER RIG-SITE SERVICES. IADC'S CONTRACT-DRILLING MEMBERS OWN MOST OF THE WORLD'S LAND AND OFFSHORE DRILLING UNITS AND DRILL THE VAST MAJORITY OF THE WELLS THAT PRODUCE THE PLANET'S OIL AND GAS. IADC'S MEMBERSHIP ALSO INCLUDES OIL-AND-GAS PRODUCERS, AND MANUFACTURERS AND SUPPLIERS OF OILFIELD EQUIPMENT AND SERVICES.
IADC-HOUSTON CHAPTER PROVIDES A VENUE FOR MEMBERS TO SHARE AND EXCHANGE TECHNOLOGY SPECIFIC TO THE DRILLING CONTRACTOR INDUSTRY. LUNCHEONS ARE GENERALLY HELD 6-8 TIMES PER YEAR. A CHRISTMAS GALA BENEFITS PUBLIC CHARITIES CHOSEN THROUGH AN APPLICATION PROCESS. THE OILFIELD CHARITY SPORTING CLAYS TOURNAMENT BENEFITS THE OILFIELD CHRISTIAN FELLOWSHIP CHARITY. IADC-HOUSTON CHAPTER GOLF TOURNAMENT BENEFITS STUDENTS IN THE FORM OF COLLEGE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Townsend Treasurer | 8 | $0 | |
Kevin Boston Director | 8 | $0 | |
Jeff Kessler Director | 8 | $0 | |
Joseph Hudson Director | 8 | $0 | |
Chris Menefee Director | 8 | $0 | |
Marc Noel Vice Chair | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,205 |
| Membership dues | $5,845 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $67,871 |
| Other Revenue | $0 |
| Total Revenue | $86,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,190 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,143 |
| Total expenses | $76,333 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,093 |
| Other assets | $0 |
| Total assets | $137,093 |
| Total liabilities | $0 |
| Net assets or fund balances | $137,093 |
Grants Awarded
Over the last fiscal year, Houston Chapter Of International Association Of Drilling has awarded $17,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Kingwood, TX PURPOSE: Fellowship/ grief counseling | $10,000 |
Houston, TX PURPOSE: Special needs children | $7,000 |
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New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
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