Produced Water Society Inc
- Assets
- $1.0k
- Revenue
- $114.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 76-0663372
Organization Overview
Produced Water Society Inc is located in Austin, TX. The organization was established in 2001. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Produced Water Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Produced Water Society Inc generated $114.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $192.4k during the year ending 12/2021. While expenses have increased by 12.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRODUCED WATER SOCIETY IS A COLLECTION OF ENGINEERS, SCIENTISTS, AND INDUSTRY PROFESSIONALS WITH THE COMMON MISSION TO STUDY AND IMPROVE THE MANAGEMENT OF PRODUCED WATER FROM OFFSHORE AND ONSHORE WELLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI-DAY SEMINAR PRESENTING PAPERS ON ENVIRONMENTAL, ENGINEERING, AND CHEMICAL UPDATES WITH ROUNDTABLE DISCUSSIONS EACH DAY. WEBSITE MAINTAINED AND IMPROVED TO SERVE AS AN INFORMATION RESOUCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Halldorson Vice President | OfficerTrustee | 0.6 | $0 |
Steve Coffee President | OfficerTrustee | 0.6 | $0 |
Morris Hoagland Treasurer | OfficerTrustee | 0.6 | $0 |
Dan Yates Secretary | OfficerTrustee | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,000 |
| 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 | $16,000 |
| Total Program Service Revenue | $98,493 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,493 |
| 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. | $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 | $3,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,225 |
| Advertising and promotion | $0 |
| Office expenses | $4,535 |
| Information technology | $19,809 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $192,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039 |
| 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 | $1,039 |
| Accounts payable and accrued expenses | $26,436 |
| 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 | $26,436 |
| Net assets without donor restrictions | -$25,397 |
| 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 | $1,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Assoc Of Professional Landmen Inc Fort Worth, TX | $45,737,646 | $6,130,751 |
New Mexico Association Of Soil And Water Conservation Districts Carlsbad, NM | $948,917 | $5,349,942 |
Texas Land Title Association Inc Austin, TX | $5,518,591 | $5,018,963 |
Association Of Water Board Directors Incorporated Houston, TX | $3,716,575 | $2,091,965 |
Texas Econmic Development Council Inc Austin, TX | $1,628,241 | $1,677,100 |
East Shore Community Association Katy, TX | $897,223 | $2,156,507 |
Oklahoma Association Of Conservation Districts Incorporate Oklahoma City, OK | $148,116 | $646,037 |
Texas Floodplain Managementassociation Leander, TX | $919,241 | $920,514 |
Big Bend Natural History Association Inc Big Bend National Park, TX | $1,018,341 | $626,230 |
Gulf Coast Cogeneration Association Inc Cedar Park, TX | $712,895 | $742,778 |
Texas Mining And Reclamation Association Cedar Park, TX | $322,089 | $414,185 |
North American Process Technology Alliance Napta Deer Park, TX | $445,016 | $355,825 |