Dril-Quip Employee Assistance Fund
- Assets
- $43.6k
- Revenue
- $28.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2018
- Data as of
- 12/2021
- 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 12/2021, Dril-Quip Employee Assistance Fund generated $28.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $58.6k 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 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
EMPLOYEE HARDSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahesh Puducheri Vice President | Officer | 0.05 | $0 |
James Webster Vice President And Secretary | Officer | 0.05 | $0 |
Jeffrey Bird President | Officer | 0.05 | $0 |
David Shipp Treasurer | Officer | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,607 |
| 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 | $28,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $58,620 |
| 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 | $58,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,614 |
| 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 | $43,614 |
| 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 | $43,614 |
| 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 | $43,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brotherhood For The Fallen - Fort Worth Tx Fort Worth, TX | $80,695 | $162,156 |
Knightvest Cares Dallas, TX | $48,772 | $125,105 |
Murphy Oil Corporation Disaster Relief Foundation Houston, TX | $15,496 | $81,637 |
Travis County Women Lawyers Foundation Austin, TX | $94,652 | $0 |
Back The Blue Hq Fort Worth, TX | $8,413 | $0 |
Dril-Quip Employee Assistance Fund Houston, TX | $43,614 | $28,607 |
Irvin And Mary Garrett Share It Forward Foundation Rogers, AR | $9,124 | $12,409 |
Barmans Fund Of Louisiana Inc New Orleans, LA | $26,685 | $0 |