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← SOCIETY OF PETROLEUM ENGINEERS SPE INC

Form 990 for tax year 2023

Filed by SOCIETY OF PETROLEUM ENGINEERS SPE INC.

Totals

Total revenue
$37,661,300
Total expenses
$40,890,940
Contributions and grants received
$2,446,404
Grants paid
$614,129
Program service revenue
$33,358,448
Investment income
$1,620,531
Other revenue
$235,917
Total assets, end of year
$51,294,209
Total liabilities, end of year
$16,870,643
Net assets or fund balances, end of year
$34,423,566
Program services expenses (Part IX)
$27,385,828
Management and general expenses
$13,427,030
Fundraising expenses
$78,082
Program service expenses (Part III)
$27,385,828

Program services were 67.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KAMEL BEN-NACEUR

    2022 SPE PRESIDENT (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • MED KAMAL

    2023 SPE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TERRY PALISCH

    2024 SPE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • OLIVIER HOUZE

    2025 SPE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NEIL KAVANAUGH

    RD - ASIA PACIFIC (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • SILVIU LIVESCU

    TD - DATA SCIENCE & ENG. (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • LAURA PRECUPANU

    RD - EUROPE (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • GAIL RAMDATH

    RD-LATIN AMER. & CARIB. (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • DEB RYAN

    RD - NORTH AMERICA (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • IGNATIY VOLNOV

    RD - RUSSIA & CASPIAN (THRU 10/18)

    Total calculated
    $0
    Hours/week
    1

  • RODOLFO CAMACHO VELAZQUEZ

    TD - DATA SCIENCE & ENGINEERING

    Total calculated
    $0
    Hours/week
    1

  • KAREN OLSON

    TD - COMPLETIONS

    Total calculated
    $0
    Hours/week
    1

  • HISHAM ZUBARI

    RD - MIDDLE EAST & NORTH AFRICA

    Total calculated
    $0
    Hours/week
    1

  • SIMEON EBURI LOSOHA

    RD - NORTH AMERICA

    Total calculated
    $0
    Hours/week
    1

  • OGEE EFFIOM

    RD - AFRICA

    Total calculated
    $0
    Hours/week
    1

  • HENRICUS HERWIN

    RD - ASIA PACIFIC

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MARTINEZ

    RD - NORTH AMERICA

    Total calculated
    $0
    Hours/week
    1

  • MOHAMED AL-MARZOUQI

    RD - MIDDLE EAST & NORTH AFRICA

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MACMILLAN

    TD - DRILLING

    Total calculated
    $0
    Hours/week
    1

  • SUE STALEY

    TD - HSE & SUSTAINABILITY

    Total calculated
    $0
    Hours/week
    1

  • HAMAD AL-MARRI

    TD - PRODUCTION & FACILITIES

    Total calculated
    $0
    Hours/week
    1

  • PIERRE D'HUART

    RD - EUROPE

    Total calculated
    $0
    Hours/week
    1

  • HAZLI KASSIM

    RD - ASIA PACIFIC

    Total calculated
    $0
    Hours/week
    1

  • CARLOS PEDROSO

    RD - LATIN AMERICA & CARIBBEAN

    Total calculated
    $0
    Hours/week
    1

  • ALEXEY BORISENKO

    RD - RUSSIA & CASPIAN

    Total calculated
    $0
    Hours/week
    1

  • KIM ORACHESKI

    RD - NORTH AMERICA

    Total calculated
    $0
    Hours/week
    1

  • SUSHMA BHAN

    TD - DATA SCIENCE & ENG. ANALYTICS

    Total calculated
    $0
    Hours/week
    1

  • MARK A RUBIN

    CEO AND EXECUTIVE VP (7/23)

    Total calculated
    $355,026
    From this org
    $329,921
    From related orgs
    $0
    Other
    $25,105
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $309,692
    Bonus
    $20,000
    Other
    $229
    Deferred
    $8,767
    Nontaxable benefits
    $16,338
    Filer's total
    $355,026

  • SIMON D SEATON

    CEO AND EXECUTIVE VP

    Total calculated
    $200,123
    From this org
    $178,189
    From related orgs
    $0
    Other
    $21,934
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $178,080
    Bonus
    $0
    Other
    $109
    Deferred
    $8,935
    Nontaxable benefits
    $12,999
    Filer's total
    $200,123

  • MICHELLE BOYD

    CHIEF OPERATING OFFICER

    Total calculated
    $360,844
    From this org
    $276,089
    From related orgs
    $0
    Other
    $84,755
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $276,089
    Bonus
    $0
    Other
    $0
    Deferred
    $33,165
    Nontaxable benefits
    $51,590
    Filer's total
    $360,844

  • STEVEN BYRNE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $293,876
    From this org
    $247,045
    From related orgs
    $0
    Other
    $46,831
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $246,649
    Bonus
    $0
    Other
    $396
    Deferred
    $17,045
    Nontaxable benefits
    $29,786
    Filer's total
    $293,876

  • JOHN BODEN

    VP INFO. & MEMBER SVCS (THRU 9/23)

    Total calculated
    $230,218
    From this org
    $193,864
    From related orgs
    $0
    Other
    $36,354
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $193,666
    Bonus
    $0
    Other
    $198
    Deferred
    $8,884
    Nontaxable benefits
    $27,470
    Filer's total
    $230,218

  • LEIGH ANN RUNYAN

    DIRECTOR - AMERICAS EVENTS

    Total calculated
    $272,829
    From this org
    $233,626
    From related orgs
    $0
    Other
    $39,203
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $233,368
    Bonus
    $0
    Other
    $258
    Deferred
    $15,948
    Nontaxable benefits
    $23,255
    Filer's total
    $272,829

  • JANE BOYCE

    DIRECTOR - MEMBER SERVICES

    Total calculated
    $239,148
    From this org
    $204,435
    From related orgs
    $0
    Other
    $34,713
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $203,199
    Bonus
    $0
    Other
    $1,236
    Deferred
    $13,799
    Nontaxable benefits
    $20,914
    Filer's total
    $239,148

  • KIMBERLY RICHARDSON

    DIRECTOR - IT

    Total calculated
    $189,805
    From this org
    $162,105
    From related orgs
    $0
    Other
    $27,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,847
    Bonus
    $0
    Other
    $258
    Deferred
    $11,134
    Nontaxable benefits
    $16,566
    Filer's total
    $189,805

  • DANA OTILLIO

    DIRECTOR - MULTIMEDIA

    Total calculated
    $252,881
    From this org
    $217,998
    From related orgs
    $0
    Other
    $34,883
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,908
    Bonus
    $0
    Other
    $90
    Deferred
    $14,756
    Nontaxable benefits
    $20,127
    Filer's total
    $252,881

  • JUDY JOHNSTON

    GENERAL COUNSEL

    Total calculated
    $253,940
    From this org
    $226,460
    From related orgs
    $0
    Other
    $27,480
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $225,698
    Bonus
    $0
    Other
    $762
    Deferred
    $15,103
    Nontaxable benefits
    $12,377
    Filer's total
    $253,940

  • PAMELA BOSCHEE

    SALES

    Total calculated
    $207,090
    From this org
    $169,214
    From related orgs
    $0
    Other
    $37,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,452
    Bonus
    $0
    Other
    $762
    Deferred
    $11,601
    Nontaxable benefits
    $26,275
    Filer's total
    $207,090

  • KIRK COLLIGAN

    SALES

    Total calculated
    $229,071
    From this org
    $186,282
    From related orgs
    $0
    Other
    $42,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,234
    Bonus
    $0
    Other
    $48
    Deferred
    $12,687
    Nontaxable benefits
    $30,102
    Filer's total
    $229,071

  • HENRY PATRICK TINNE

    DIRECTOR - IT

    Total calculated
    $228,271
    From this org
    $209,625
    From related orgs
    $0
    Other
    $18,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,569
    Bonus
    $50,000
    Other
    $56
    Deferred
    $8,101
    Nontaxable benefits
    $10,545
    Filer's total
    $228,271

  • DANNY FOSTER

    ASSOCIATE DIRECTOR, AMERICAS SALES

    Total calculated
    $186,605
    From this org
    $167,265
    From related orgs
    $0
    Other
    $19,340
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $167,189
    Bonus
    $0
    Other
    $76
    Deferred
    $9,646
    Nontaxable benefits
    $9,694
    Filer's total
    $186,605

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THERE IS NO CHARTER TRAVEL. DIRECTORS ARE ALLOWED TO FLY BUSINESS CLASS OR FIRST CLASS FOR FLIGHTS THAT EXCEED 8 HOURS. SENIOR MANAGERS CAN FLY FIRST OR BUSINESS CLASS IF THE FLIGHT IS OVER 8 HOURS. THIS IS NOT TREATED AS TAXABLE INCOME TO THE INDIVIDUAL.
PART I, LINE 4B
THE ORGANIZATION PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUAL(S) PARTICIPATE IN THE PLAN: - MARK A. RUBIN

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SPE EUROPE LTD

    501(C)(3) · EUROPE REGIONAL OFFICE OF SPE · UK · controlled entity

    Directly controlled by SOCIETY OF PETROLEUM ENGINEERS INC

  • SPE MIDDLE EAST DMCC

    501(C)(3) · MIDDLE EAST, NORTH AFRICA, SOUTH ASIA REGIONAL OFFICE OF SPE · AE · controlled entity

    Directly controlled by SOCIETY OF PETROLEUM ENGINEERS INC

  • SPE CANADA

    501(C)(3) · CANADA REGIONAL OFFICE OF SPE · CA · controlled entity

    Directly controlled by SOCIETY OF PETROLEUM ENGINEERS INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SPE ASIA PACIFIC (M) SDN BHD

    C · MALAYSIA REGIONAL OFFICE OF SPE · MY · 100% owned · share of income $2,716,592 · share of assets $3,185,885

    Directly controlled by SOCIETY OF PETROLEUM ENGINEERS INC

  • SPE BRASIL EVENTOS LTDA

    C · EVENTS AND CONFERENCES · BR · 99% owned · share of assets $913,093

    Directly controlled by SOCIETY OF PETROLEUM ENGINEERS INC

  • SPE TRADING LTD

    C · OIL & GAS EVENT ORGANIZING · UK · 100% owned · share of income $3,132,285 · share of assets $4,423,969

    Directly controlled by SPE EUROPE LTD

  • SPE VENTURES LTD

    C · OIL & GAS EVENT ORGANIZING · UK · 100% owned · share of assets $34,429

    Directly controlled by SPE EUROPE LTD

  • E&P EVENTS LLP

    C · OIL & GAS EVENT ORGANIZING · UK · 50% owned

    Directly controlled by SPE TRADING LTD

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202500469349300435

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