Dril-Quip Employee Assistance Fund
- Assets
- $86.9k
- Revenue
- $19.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-2674814
Organization Overview
Dril-Quip Employee Assistance Fund is located in Houston, TX. The organization was established in 2018. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dril-Quip Employee Assistance Fund 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 12/2023, Dril-Quip Employee Assistance Fund generated $19.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEED-BASED FINANCIAL RELIEF FOR EMPLOYEES OF DRIL-QUIP INC. OR ANY OF IT'S SUBSIDIARIES FOLLOWING A NATURAL DISASTER OR OTHER TRAGIC EVENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHEDULE I PART I LINE 2 - SCHEDULE I PART I LINE 2 - APPLICATIONS WILL BE REVIEWED BY A GRANT COMMITTEE OF THE DRIL-QUIP EMPLOYEE ASSISTANCE FUND. BOTH THE REQUESTS FOR FUNDS AND INFORMATION PROVIDED WITH THE APPLICATION WILL BE KEPT CONFIDENTIAL. FULLY COMPLETE APPLICATIONS WILL BE REVIEWED WITHIN 10 BUSINESS DAYS. APPLICATIONS MUST BE SUBMITTED WITHIN 30 DAYS OF THE QUALIFYING EVENT. IN THE CASE OF WIDESPREAD NATURAL DISASTER THE GRANT COMMITTEE WILL FOLLOW AN EMERGENCY GRANT PROCESS TO EXPEDITE THE DISTRIBUTION OF FUNDS. IN ADDITION THE GRANT COMMITEE MAY CONSIDER GRANTS TO NON-EMPLOYEES IN THE CASE OF WIDESPREAD NATURAL DISASTERS. REQUEST FOR ASSISTANCE MUST INCLUDE APPROPRIATE DOCUMENTATION IN ORDER FOR THE APPLICATIONS TO BE CONSIDERED. APPLICATIONS SHOULD DESCRIBE IN DETAIL THE EVENT THAT HAS CREATED THE HARDSHIP. INDIVIDUAL APPLICANTS WILL BE REQUIRED TO SEND SUPPORTING DOCUMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bird President | OfficerTrustee | 0.05 | $0 |
James Webster VP And Secretary | OfficerTrustee | 0.05 | $0 |
Mahesh Puducheri VP | OfficerTrustee | 0.05 | $0 |
Alice Huang Treasurer | OfficerTrustee | 0.05 | $0 |
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 | $19,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,666 |
| Total Program Service Revenue | $0 |
| 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 | $19,666 |
| 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 | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,901 |
| 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 | $86,901 |
| 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 | $86,901 |
| 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 | $86,901 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brotherhood For The Fallen - Fort Worth Tx Fort Worth, TX | $32,349 | $135,231 |
Knightvest Cares Dallas, TX | $65,683 | $110,000 |
Back The Blue Hq Fort Worth, TX | $8,413 | $0 |
Travis County Women Lawyers Foundation Austin, TX | $172,842 | $0 |
Irvin And Mary Garrett Share It Forward Foundation Rogers, AR | $9,012 | $10,438 |
Barmans Fund Of Louisiana Inc New Orleans, LA | $26,685 | $0 |
Dril-Quip Employee Assistance Fund Houston, TX | $86,901 | $19,666 |
Murphy Oil Corporation Disaster Relief Foundation Houston, TX | $15,496 | $0 |