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Nonprofiteer
← INTERNATIONAL ENERGY CREDIT ASSOCIATION INC

Form 990 for tax year 2022

Filed by INTERNATIONAL ENERGY CREDIT ASSOCIATION INC.

Totals

Total revenue
$1,299,881
Total expenses
$1,197,525
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,265,655
Investment income
$10,030
Other revenue
$24,196
Total assets, end of year
$795,954
Total liabilities, end of year
$220,806
Net assets or fund balances, end of year
$575,148
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 $571,466 · related or exempt $571,466

  • 2b · Program service revenue: MEMBERSHIP

    total $337,542 · related or exempt $337,542

  • 2c · Program service revenue: SPONSOR CONTRIBUTIONS

    total $331,152 · excluded $331,152

  • 2d · Program service revenue: SEMINARS

    total $25,495 · related or exempt $25,495

  • 3 · Investment income

    total $8,899 · excluded $8,899

  • 7a · Gross sales of assets other than inventory

    securities $109,425

  • 7b · Less cost or other basis and sales expenses

    securities $108,294

  • 7c · Gain or loss

    securities $1,131

  • 7d · Net gain or loss

    total $1,131 · related or exempt $1,131

  • 11a · Other revenue: OTHER

    total $24,196 · excluded $24,196

  • 11e · Other revenue, total

    $24,196

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $555,743

  • 11c · Fees: accounting

    total $5,106

  • 13 · Office expenses

    total $45,647

  • 14 · Information technology

    total $32,844

  • 17 · Travel

    total $22,628

  • 19 · Conferences, conventions and meetings

    total $215,621

  • 23 · Insurance

    total $11,725

  • 24a · Other expenses: DINNER

    total $179,904

  • 24b · Other expenses: HOTEL AND OTHER COST

    total $51,109

  • 24c · Other expenses: MISCELLANEOUS

    total $30,925

  • 24d · Other expenses: RECREATIONAL ACTIVITIES

    total $29,250

  • 24e · All other expenses

    total $17,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,081 · end of year $298,402

  • 2 · Savings and temporary cash investments

    beginning of year $20,505 · end of year $723

  • 4 · Accounts receivable

    beginning of year $4,139 · end of year $68,275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,210 · end of year $16,825

  • 11 · Investments: publicly traded securities

    beginning of year $398,615 · end of year $411,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,775 · end of year $126,601

  • 19 · Deferred revenue

    beginning of year $164,643 · end of year $94,205

  • 27 · Net assets without donor restrictions

    beginning of year $520,132 · end of year $575,148

Mission and programs · 2022

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 RELEVANT TO ENERGY INDUSTRY CREDIT & FINANCIAL MANAGEMENT.

  • ANNUAL EDUCATION CONFERENCE AND CRUDE OIL/REFINED PRODUCTS/LEGISLATIVE CONFERENCES.

As filed on the 2022 return.

Listed in Part VII

  • Craig Enochs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Franco Negri

    FIRST VICE P

    Total calculated
    $0
    Hours/week
    3
  • Neal Brandemark

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Mark Holler

    ASST. TREASU

    Total calculated
    $0
    Hours/week
    3
  • Nithya Venkatesan

    VP OF SUSTAI

    Total calculated
    $0
    Hours/week
    1.5
  • Phil Lookadoo

    VP OF EDUCAT

    Total calculated
    $0
    Hours/week
    3
  • John Vedra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Anne Line Laurien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Becky Burgess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Kevin Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Kevin Page

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Ender Cheung

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Naeem Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5
  • Mikhaela McDonald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 March 2023
IRS schema version
2022v5.0
Source object
202331019349301653

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