Form 990 for tax year 2022
Filed by OFFSHORE TECHNOLOGY CONFERENCE INC.
Totals
- Total revenue
- $15,659,741
- Total expenses
- $5,439,248
- Contributions and grants received
- $87,600
- Grants paid
- $25,000
- Program service revenue
- $15,397,137
- Investment income
- $174,918
- Other revenue
- $86
- Total assets, end of year
- $12,485,915
- Total liabilities, end of year
- $12,385,915
- Net assets or fund balances, end of year
- $100,000
- 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.
-
1f · All other contributions, gifts and grants
$87,600
-
2a · Program service revenue: OTC HOUSTON
total $15,397,137 · related or exempt $15,397,137
-
3 · Investment income
total $174,918 · excluded $174,918
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · unrelated business $0
-
11a · Other revenue: INSURANCE REFUND
total $86 · excluded $86
-
11e · Other revenue, total
$86
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $1,577,618
-
11b · Fees: legal
total $2,981
-
11c · Fees: accounting
total $33,968
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $10,000
-
12 · Advertising and promotion
total $654,946
-
13 · Office expenses
total $406,274
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $133,140
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,563,709
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $31,612
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,984,354 · end of year $2,602,113
-
2 · Savings and temporary cash investments
beginning of year $637,386 · end of year $70,183
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $6,515,006 · end of year $7,682,331
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $37,428 · end of year $1,003,969
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $1,305,685 · end of year $1,127,319
-
17 · Accounts payable and accrued expenses
beginning of year $1,820,335 · end of year $384,501
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $9,273,705 · end of year $11,547,310
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,285,819 · end of year $454,104
-
27 · Net assets without donor restrictions
beginning of year $100,000 · end of year $100,000
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS.
Activities or mission (Part I)
OTC is organized and operated exclusively to promote and further the advance of scientific and technical knowledge of offshore resources and related environmental matters.
-
OTC HOUSTON - THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS. THE OTC EVENT WAS HELD IN HOUSTON, TX MAY 1-4,2023.
As filed on the 2022 return.
Listed in Part VII
-
Jerry Carroll
Director
- Total calculated
- $0
- Hours/week
- 1
-
Doreen Chin
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Mastrangelo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Jones
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Greg Kusinski
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve Leverette
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex Martinez
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Brian Miller
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan McConnell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lirio Quintero
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandeep Khurana
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob Warren
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rod Larson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Allan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve Byrne
CFO
- Total calculated
- $0
- Hours/week
- 5
-
Leigh Ann Runyan
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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
-
$25,000
food purchase & distribution
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202441669349301564
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