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Nonprofiteer
← AMERICAN PETROLEUM INSTITUTE

Form 990 for tax year 2024

Filed by AMERICAN PETROLEUM INSTITUTE.

Totals

Total revenue
$252,327,496
Total expenses
$255,421,069
Contributions and grants received
$0
Grants paid
$305,380
Program service revenue
$217,973,539
Investment income
$2,493,564
Other revenue
$31,860,393
Total assets, end of year
$109,879,063
Total liabilities, end of year
$108,642,792
Net assets or fund balances, end of year
$1,236,271
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: CERTIFICATION PROGRAM

    total $122,233,181 · related or exempt $122,233,181

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $84,803,134 · related or exempt $84,803,134

  • 2c · Program service revenue: MEETING REVENUE

    total $10,599,024 · related or exempt $10,599,024

  • 2d · Program service revenue: SUBSCRIPTIONS

    total $338,200 · related or exempt $338,200

  • 3 · Investment income

    total $2,876,917 · excluded $2,876,917

  • 5 · Royalties

    total $31,430,639 · related or exempt $31,430,639

  • 7a · Gross sales of assets other than inventory

    securities $15,299,957

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

    securities $15,683,095 · other assets $215

  • 7c · Gain or loss

    securities -$383,138 · other assets -$215

  • 7d · Net gain or loss

    total -$383,353 · excluded -$383,353

  • 11a · Other revenue: 211B REVENUE

    total $323,024 · excluded $323,024

  • 11b · Other revenue: LATE FEES

    total $67,000 · excluded $67,000

  • 11c · Other revenue: PAYROLL MANAGEMENT REIMBURSEMENTS

    total $39,730 · excluded $39,730

  • 11e · Other revenue, total

    $429,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $249,500

  • 3 · Grants to foreign organizations and individuals

    total $55,880

  • 5 · Compensation of officers, directors and key employees

    total $12,218,000

  • 7 · Other salaries and wages

    total $53,149,996

  • 8 · Pension plan contributions

    total $5,982,085

  • 9 · Other employee benefits

    total $6,980,367

  • 10 · Payroll taxes

    total $3,749,780

  • 11b · Fees: legal

    total $11,306,722

  • 11c · Fees: accounting

    total $235,867

  • 11d · Fees: lobbying

    total $2,972,922

  • 11f · Fees: investment management

    total $84,433

  • 11g · Fees: other

    total $41,248,644

  • 12 · Advertising and promotion

    total $43,461,534

  • 13 · Office expenses

    total $3,712,154

  • 14 · Information technology

    total $12,768,219

  • 15 · Royalties

    total $888,978

  • 16 · Occupancy

    total $6,037,516

  • 17 · Travel

    total $9,105,819

  • 19 · Conferences, conventions and meetings

    total $12,738,209

  • 22 · Depreciation, depletion and amortization

    total $3,183,681

  • 23 · Insurance

    total $1,318,711

  • 24a · Other expenses: STUDIES/RESEARCH

    total $11,980,230

  • 24b · Other expenses: THIRD-PARTY OUTREACH

    total $10,263,368

  • 24c · Other expenses: INCOME AND EXCISE TAXES

    total $1,680,358

  • 24e · All other expenses

    total $48,096

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,878,999 · end of year $5,867,246

  • 2 · Savings and temporary cash investments

    beginning of year $386,342 · end of year $13,216,578

  • 4 · Accounts receivable

    beginning of year $15,162,107 · end of year $17,353,455

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,468,582 · end of year $3,682,308

  • 10a · Land, buildings and equipment: cost or other basis

    $55,396,520

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,769,627

  • 10c · Land, buildings and equipment, net

    beginning of year $13,077,220 · end of year $13,626,893

  • 11 · Investments: publicly traded securities

    beginning of year $33,680,881 · end of year $33,993,794

  • 15 · Other assets

    beginning of year $25,262,915 · end of year $22,138,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,568,010 · end of year $19,164,624

  • 19 · Deferred revenue

    beginning of year $19,612,287 · end of year $15,928,271

  • 25 · Other liabilities

    beginning of year $95,517,158 · end of year $73,549,897

  • 27 · Net assets without donor restrictions

    beginning of year -$10,780,409 · end of year $1,236,271

Mission and programs · 2024

Mission

THE MISSION OF AMERICAN PETROLEUM INSTITUTE (API) IS TO PROMOTE SAFETY ACROSS THE INDUSTRY GLOBALLY AND TO INFLUENCE PUBLIC POLICY IN SUPPORT OF A STRONG, VIABLE U.S. OIL AND NATURAL GAS INDUSTRY.

Activities or mission (Part I)

SEE FORM 990, PART III, LINE 1 FOR COMPLETE MISSION STATEMENT

  • ADVOCACY - API SPEAKS FOR THE OIL AND NATURAL GAS INDUSTRY TO THE PUBLIC, CONGRESS, THE EXECUTIVE BRANCH, STATE GOVERNMENTS AND THE MEDIA. API NEGOTIATES WITH REGULATORY AGENCIES, REPRESENTS THE INDUSTRY IN LEGAL PROCEEDINGS, PARTICIPATES IN COALITIONS AND WORKS IN PARTNERSHIP WITH OTHER ASSOCIATIONS TO ACHIEVE OUR MEMBERS' PUBLIC POLICY GOALS.

  • RESEARCH & STATISTICS - API CONDUCTS OR SPONSORS ANALYSIS AND RESEARCH IN SUPPORT OF FREE MARKETS, INFORMS COST-EFFECTIVE REGULATION, AND PROMOTES ECONOMIC GROWTH. WE COLLECT, MAINTAIN AND PUBLISH STATISTICS AND DATA ON ALL ASPECTS OF U.S. INDUSTRY OPERATIONS, INCLUDING SUPPLY AND DEMAND FOR VARIOUS PRODUCTS, IMPORTS AND EXPORTS, DRILLING ACTIVITIES AND COSTS, AND WELL COMPLETIONS. THIS DATA PROVIDES TIMELY INDICATORS OF INDUSTRY TRENDS. API'S WEEKLY STATISTICAL BULLETIN IS THE MOST RECOGNIZED PUBLICATION, WIDELY REPORTED BY THE MEDIA.

  • STANDARDS - SINCE 1924, API HAS LED THE DEVELOPMENT OF MORE THAN 800 PETROLEUM, NATURAL GAS AND PETROCHEMICAL EQUIPMENT AND OPERATING STANDARDS. THESE REFLECT THE INDUSTRY'S COLLECTIVE EXPERTISE AND ACCEPTED GOOD PRACTICES. ADDRESSING EVERYTHING FROM DRILL BITS TO ENVIRONMENTAL PROTECTION, THEY ADVANCE SAFETY, EFFICIENCY AND ENVIRONMENTAL RESPONSIBILITY. API STANDARDS ARE RECOGNIZED WORLDWIDE FOR THEIR TECHNICAL RIGOR AND GLOBAL IMPACT, WITH MANY INCORPORATED INTO FEDERAL AND STATE REGULATIONS. DEVELOPED THROUGH A CONSENSUS-DRIVEN PROCESS ACCREDITED BY THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI), THEY ARE THE MOST WIDELY CITED STANDARDS BY THE INTERNATIONAL REGULATORY COMMUNITY.

  • CERTIFICATION - EACH DAY, THE OIL AND NATURAL GAS INDUSTRY DEPENDS ON EQUIPMENT TO PRODUCE, REFINE AND DISTRIBUTE ITS PRODUCTS. THE EQUIPMENT USES ADVANCED TECHNOLOGY, ALLOWING THE INDUSTRY TO OPERATE IN AN ENVIRONMENTALLY SAFE AND EFFICIENT MANNER. API'S STANDARDS SUPPORT THAT EFFORT, PROVIDING TECHNICAL GUIDANCE THAT ALIGNS WITH INDUSTRY GOOD PRACTICES, BUT API'S ROLE EXTENDS BEYOND PUBLISHING TECHNICAL DOCUMENTS. THROUGH ITS CERTIFICATION PROGRAMS, API PROVIDES A STRUCTURED, VERIFIABLE WAY FOR COMPANIES TO DEMONSTRATE CONFORMANCE TO THOSE STANDARDSAND TO BUILD CREDIBILITY IN A HIGH-STAKES, HIGHLY SCRUTINIZED INDUSTRY.

  • EVENTS AND TRAINING - API ORGANIZES SEMINARS, WORKSHOPS, CONFERENCES AND SYMPOSIA ON PUBLIC POLICY ISSUES. THROUGH API-U, WE PROVIDE TRAINING MATERIALS TO HELP PEOPLE IN THE OIL AND NATURAL GAS BUSINESS MEET REGULATORY REQUIREMENTS AND INDUSTRY STANDARDS.

  • SAFETY - THE CENTER FOR OFFSHORE SAFETY IS AN INDUSTRY SPONSORED PROGRAM THAT WAS ESTABLISHED TO PROVIDE TOOLS, PEER LEARNING OPPORTUNITIES, GOOD PRACTICES AND SUPPORT FOR COMPANIES OPERATING ON THE U.S. OUTER CONTINENTAL SHELF. API'S SYSTEM PROGRAMS SAFETY ASSESSMENTS, INCLUDING THE PROCESS SAFETY SITE ASSESSMENT PROGRAM (PSSAP) AND THE PIPELINE SAFETY MANAGEMENT SYSTEM (SMS) ASSESSMENT PROGRAM, PROVIDE FOR INDEPENDENT ASSESSMENT BY CREDIBLE, THIRD-PARTY SAFETY EXPERTS OF A REFINERY'S (PSSAP) OR AN OPERATOR'S (PIPELINE SMS) SAFETY MANAGEMENT SYSTEMS BASED UPON API'S STANDARDS AND RECOMMENDED PRACTICES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL J SOMMERS

    PRESIDENT AND CEO

    Total calculated
    $6,153,378
    From this org
    $5,131,620
    From related orgs
    $0
    Other
    $1,021,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,945,350
    Bonus
    $1,911,000
    Other
    $275,270
    Deferred
    $985,166
    Nontaxable benefits
    $36,592
    Filer's total
    $6,153,378

  • JOHN B HESS

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • GRETCHEN H WATKINS

    BOARD MEMBER & CHAIR FIN CMTE

    Total calculated
    $0
    Hours/week
    0.5

  • ORLANDO ALVAREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ALAN S ARMSTRONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIE CHIANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN J CHRISTMANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • GREGORY L EBEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SANDY ESSLEMONT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • W RANDALL FOWLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANN G FOX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JACK A FUSCO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS GOLDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MIKE J HENNIGAN

    BOARD MEMBER - LEFT NOV 2024

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHEN L HIGHTOWER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • VICKI HOLLUB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • W HERBERT HUNT

    BOARD MEMBER - LEFT APR 2024

    Total calculated
    $0
    Hours/week
    0.5

  • ROGER HUTSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ROGER JENKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS E JORDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TRACY W KROHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RYAN M LANCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MATTHEW LANIGAN

    BOARD MEMBER - LEFT JAN 2024

    Total calculated
    $0
    Hours/week
    0.5

  • RODERICK D LARSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARK E LASHIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • OLIVIER LE PEUCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MELANIE LITTLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARYANN MANNEN

    BOARD MEMBER - START NOV 2024

    Total calculated
    $0
    Hours/week
    0.5

  • JEFFREY W MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRENDAN MCCRACKEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD E MUNCRIEF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEBA MURILLAS

    BOARD MEMBER - START NOV 2024

    Total calculated
    $0
    Hours/week
    0.5

  • PIERCE H NORTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MEG E O'NEILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DOUGLAS J PFERDEHIRT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • FRANCOIS POIRIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHRISTINE RESLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • FERDINANDO RIGARDO

    BOARD MEMBER - LEFT SEP 2024

    Total calculated
    $0
    Hours/week
    0.5

  • JEFFREY RINKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LORENZO SIMONELLI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TRAVIS D STICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LEE TILLMAN

    BOARD MEMBER - LEFT NOV 2024

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL URE

    BOARD MEMBER - LEFT OCT 2024

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD VOORBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BILL WAY

    BOARD MEMBER - LEFT SEP 2024

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL K WIRTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DARREN W WOODS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN B WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SHANNON DIBARI

    SENIOR VICE PRESIDENT AND COO

    Total calculated
    $1,080,172
    From this org
    $838,039
    From related orgs
    $0
    Other
    $242,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $546,942
    Bonus
    $205,000
    Other
    $86,097
    Deferred
    $240,357
    Nontaxable benefits
    $1,776
    Filer's total
    $1,080,172

  • RYAN P MEYERS

    SR. VP, GENERAL COUNSEL, CORP SECY

    Total calculated
    $827,706
    From this org
    $724,949
    From related orgs
    $0
    Other
    $102,757
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,954
    Bonus
    $155,000
    Other
    $19,995
    Deferred
    $100,933
    Nontaxable benefits
    $1,824
    Filer's total
    $827,706

  • AMANDA E EVERSOLE

    EXECUTIVE VP & CHIEF ADVOCACY OFFR

    Total calculated
    $1,680,961
    From this org
    $1,431,855
    From related orgs
    $0
    Other
    $249,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $984,457
    Bonus
    $385,000
    Other
    $62,398
    Deferred
    $208,690
    Nontaxable benefits
    $40,416
    Filer's total
    $1,680,961

  • ANCHAL S LIDDAR

    SENIOR VP, GLOBAL INDUSTRY SERVICES

    Total calculated
    $929,808
    From this org
    $767,797
    From related orgs
    $0
    Other
    $162,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $531,313
    Bonus
    $215,000
    Other
    $21,484
    Deferred
    $125,407
    Nontaxable benefits
    $36,604
    Filer's total
    $929,808

  • DUSTIN MEYER

    SR VP, POLICY, ECONOMICS & REG AFFRS

    Total calculated
    $687,188
    From this org
    $594,679
    From related orgs
    $0
    Other
    $92,509
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $469,623
    Bonus
    $110,000
    Other
    $15,056
    Deferred
    $78,269
    Nontaxable benefits
    $14,240
    Filer's total
    $687,188

  • AMY KRIZ

    VP AND CHIEF FINANCIAL OFFICER

    Total calculated
    $352,684
    From this org
    $322,809
    From related orgs
    $0
    Other
    $29,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,942
    Bonus
    $35,700
    Other
    $4,167
    Deferred
    $28,500
    Nontaxable benefits
    $1,375
    Filer's total
    $352,684

  • MEGAN B BLOOMGREN

    SR VP COMMUNICATIONS (UNTIL 6/2024)

    Total calculated
    $320,383
    From this org
    $274,615
    From related orgs
    $0
    Other
    $45,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,602
    Bonus
    $0
    Other
    $35,013
    Deferred
    $28,266
    Nontaxable benefits
    $17,502
    Filer's total
    $320,383

  • KEVIN SLAGLE

    SENIOR VP, COMMUNICATIONS

    Total calculated
    $185,720
    From this org
    $172,292
    From related orgs
    $0
    Other
    $13,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,345
    Bonus
    $50,000
    Other
    $947
    Deferred
    $6,224
    Nontaxable benefits
    $7,204
    Filer's total
    $185,720

  • ROLF W HANSON

    VP, STATE GOVERNMENT RELATIONS

    Total calculated
    $1,000,973
    From this org
    $651,276
    From related orgs
    $0
    Other
    $349,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,420
    Bonus
    $190,000
    Other
    $10,856
    Deferred
    $313,093
    Nontaxable benefits
    $36,604
    Filer's total
    $1,000,973

  • JOHN P WAGNER

    VP, DEPUTY GENERAL COUNSEL

    Total calculated
    $920,345
    From this org
    $735,899
    From related orgs
    $0
    Other
    $184,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $423,120
    Bonus
    $70,000
    Other
    $242,779
    Deferred
    $147,950
    Nontaxable benefits
    $36,496
    Filer's total
    $920,345

  • ROBIN RORICK

    VP, MIDSTREAM POLICY

    Total calculated
    $633,213
    From this org
    $441,023
    From related orgs
    $0
    Other
    $192,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $385,220
    Bonus
    $49,500
    Other
    $6,303
    Deferred
    $155,766
    Nontaxable benefits
    $36,424
    Filer's total
    $633,213

  • STEPHEN COMSTOCK

    VP & SR. COUNSELOR (UNTIL 10/2024)

    Total calculated
    $487,764
    From this org
    $469,816
    From related orgs
    $0
    Other
    $17,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,647
    Bonus
    $0
    Other
    $169,169
    Deferred
    $16,500
    Nontaxable benefits
    $1,448
    Filer's total
    $487,764

  • KRISTIN WESTMORELAND

    VP AND CHIEF OF STAFF

    Total calculated
    $482,832
    From this org
    $444,976
    From related orgs
    $0
    Other
    $37,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,410
    Bonus
    $67,000
    Other
    $4,566
    Deferred
    $35,012
    Nontaxable benefits
    $2,844
    Filer's total
    $482,832

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
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS OR CHARTER TRAVEL - FIRST OR BUSINESS CLASS AIR TRAVEL MUST BE APPROVED IN ADVANCE BY AN EXECUTIVE STAFF MEMBER, AND THE EMPLOYEE MUST PROVIDE THE JUSTIFICATION ON THE EXPENSE REPORT. NO FLIGHTS WERE CHARTERED DURING 2024. TRAVEL FOR COMPANIONS - INSTANCES IN WHICH A SPOUSE ACCOMPANIES AN EMPLOYEE TRAVELING ON BUSINESS AT API EXPENSE ARE LIMITED AND APPROVED IN ADVANCE. IN SUCH AUTHORIZED CASES, UNLESS THE STRICT LEGAL DEFINITION OF BUSINESS PURPOSE IS MET, THE REIMBURSEMENT IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR EMPLOYEES WHO QUALIFY TO PARTICIPATE IN THE NONQUALIFIED RETIREMENT INCOME PLAN, API PAYS TAXES DUE ON THE ACCRUED BENEFITS AS THEY ARE AWARDED TO THE PARTICIPANTS. THESE TAX PAYMENTS ARE TREATED AS AN ADVANCE AND NETTED FROM THE ACCRUED BENEFITS TO THE PARTICIPANTS UPON DISTRIBUTION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - REIMBURSEMENT OF CLUB DUES TO AN EMPLOYEE IN ANY CLUB ORGANIZED FOR PLEASURE, RECREATION, OR OTHER SOCIAL PURPOSE (I.E. COUNTRY CLUBS, LUNCHEON CLUBS, AND AIRLINE AND HOTEL CLUBS) IS LIMITED AND REQUIRES EXECUTIVE STAFF APPROVAL. EMPLOYEES WHO HAVE BEEN REIMBURSED FOR CLUB DUES MUST ANNUALLY ACCOUNT FOR THEIR BUSINESS USE, AND NON-BUSINESS USE IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE. PERSONAL SERVICES - API PROVIDES A PERSONAL DRIVER TO THE PRESIDENT & CEO PRIMARILY FOR BUSINESS PURPOSES. ANY PERSONAL USAGE IS TREATED AS TAXABLE INCOME TO THE PRESIDENT & CEO.
PART I, LINE 4B
IN 2024, THE FOLLOWING PARTICIPANTS IN THE AMERICAN PETROLEUM INSTITUTE 457(F) SUPPLEMENTAL BENEFIT PLANS RECEIVED VESTED CONTRIBUTIONS THAT WERE INCLUDED IN THE PARTICIPANT'S 2024 W-2, AS WELL AS NON-VESTED CONTRIBUTIONS. THE TOTAL VESTED AND NON-VESTED CONTRIBUTIONS IN 2024 WERE AS FOLLOWS: MICHAEL J. SOMMERS $1,196,183 RYAN P. MEYERS $88,333 SHANNON DIBARI $256,591 AMANDA E. EVERSOLE $224,971 ANCHAL S. LIDDAR $112,766 DUSTIN MEYER $58,719 JOHN P. WAGNER $232,810 ROLF W. HANSON $44,374 ROBIN RORICK $25,483 KRISTIN WESTMORELAND $2,700 THE FOLLOWING PARTICIPANT IN THE AMERICAN PETROLEUM INSTITUTE 457(F) SUPPLEMENTAL BENEFIT PLANS RECEIVED A DISTRIBUTION IN 2024 AS FOLLOWS, THIS DISTRIBUTION WAS INCLUDED IN THE PARTICIPANT'S 2024 W-2: STEPHEN COMSTOCK $139,393

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349306147

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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