Form 990 for tax year 2023
Filed by INTERNATIONAL ENERGY CREDIT ASSOCIATION INC.
Totals
- Total revenue
- $1,501,288
- Total expenses
- $1,586,675
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,484,811
- Investment income
- $11,406
- Other revenue
- $5,071
- Total assets, end of year
- $876,864
- Total liabilities, end of year
- $363,885
- Net assets or fund balances, end of year
- $512,979
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: CONFERENCES
total $775,130 · related or exempt $775,130
-
2b · Program service revenue: MEMBERSHIP
total $332,926 · related or exempt $332,926
-
2c · Program service revenue: SPONSORSHIPS
total $327,678 · related or exempt $327,678
-
2d · Program service revenue: PROMOTIONS
total $43,403 · related or exempt $43,403
-
2e · Program service revenue: MISCELLANEOUS
total $5,674 · related or exempt $5,674
-
3 · Investment income
total $11,406 · excluded $11,406
-
11a · Other revenue: MISCELLANEOUS
total $5,071 · excluded $5,071
-
11e · Other revenue, total
$5,071
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $199,827
-
11a · Fees: management
total $398,035
-
11c · Fees: accounting
total $9,500
-
11g · Fees: other
total $17,083
-
12 · Advertising and promotion
total $23,271
-
13 · Office expenses
total $81,116
-
14 · Information technology
total $7,386
-
17 · Travel
total $4,553
-
19 · Conferences, conventions and meetings
total $792,329
-
23 · Insurance
total $12,774
-
24a · Other expenses: BANK FEES
total $40,801
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $298,402 · end of year $412,148
-
2 · Savings and temporary cash investments
beginning of year $723 · end of year $0
-
4 · Accounts receivable
beginning of year $68,275 · end of year $29,360
-
9 · Prepaid expenses and deferred charges
beginning of year $16,825 · end of year $92,254
-
11 · Investments: publicly traded securities
beginning of year $411,729 · end of year $343,102
-
17 · Accounts payable and accrued expenses
beginning of year $126,601 · end of year $324,449
-
19 · Deferred revenue
beginning of year $94,205 · end of year $39,436
-
27 · Net assets without donor restrictions
beginning of year $575,148 · end of year $512,979
Mission and programs · 2023
Mission
TO PROMOTE THE PROFESSIONALISM OF ITS MEMBERS BY PROVIDING CONTINUING EDUCATION AND A FORUM FOR THE EXCHANGE OF IDEAS RELEVANT TO CREDIT AND FINANCIAL MANAGEMENT OF THE ENERGY INDUSTRY.
Activities or mission (Part I)
PROVIDE A FORUM FOR THE EXCHANGE OF IDEAS ON ENERGY INDUSTRY CREDIT AND FINANCIAL MANAGEMENT.
-
ANNUAL EDUCATION CONFERENCE AND CRUDE OIL/REFINED PRODUCTS/LEGISLATIVE CONFERENCES.
As filed on the 2023 return.
Listed in Part VII
-
Franco NegriFRANCO NEGRI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Phil LookadooPHIL LOOKADOO
FIRST VP
- Total calculated
- $0
- Hours/week
- 3
-
Mark HollerMARK HOLLER
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Nithya VenkatesanNITHYA VENKATESAN
VP OF SUSTAINABILITY
- Total calculated
- $0
- Hours/week
- 3
-
Naeem JonesNAEEM JONES
VP OF EDUCATION
- Total calculated
- $0
- Hours/week
- 3
-
Craig EnochsCRAIG ENOCHS
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Kevin SullivanKEVIN SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Anne Line LaurienANNE LINE LAURIEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
John VedraJOHN VEDRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Becky BurgessBECKY BURGESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Maria HolemanMARIA HOLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Samantha Walker TayfelSAMANTHA WALKER TAYFEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Maurits Quarles Van UffordMAURITS QUARLES VAN UFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Claude BrownCLAUDE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jennifer DisanzaJENNIFER DISANZA
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
Heather BuergerHEATHER BUERGER
EXECUTIVE VICE PRESIDENT, NORTH AMERICA
- Total calculated
- $135,697
- From this org
- $135,697
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John TreasureJOHN TREASURE
EXECUTIVE VICE PRESIDENT, EUROPE
- Total calculated
- $64,130
- From this org
- $64,130
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- FORM 990, PART VII, LINE 5
- THE BOARD IS A VOLUNTEER BOARD AND IS NOT COMPENSATED. IECA CONTRACTS WITH A THIRD PARTY MANAGEMENT COMPANY TO PERFORM THE FINANCIAL FUNCTIONS TRADITIONALLY PERFORMED BY EMPLOYEES. THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE MANAGEMENT COMPANY AND IS ONLY COMPENSATED BY THE MANAGEMENT COMPANY AT ITS FULL DISCRETION. IECA HAS NO CONTROL OVER THAT COMPENSATION. THE BOARD EVALUATES THE WORK OF THE MANAGEMENT COMPANY AND REVIEWS THE CONTRACT FEE PAID AT LEAST ANNUALLY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349306698
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