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← SOCIETY OF PETROLEUM ENGINEERS TR

Form 990 for tax year 2022

Filed by SOCIETY OF PETROLEUM ENGINEERS TR.

Totals

Total revenue
$719,076
Total expenses
$1,083,862
Contributions and grants received
$103,552
Grants paid
$877,309
Program service revenue
$0
Investment income
$615,524
Other revenue
$0
Total assets, end of year
$10,206,766
Total liabilities, end of year
$910,498
Net assets or fund balances, end of year
$9,296,268
Program services expenses (Part IX)
$961,709
Management and general expenses
$110,218
Fundraising expenses
$11,935
Program service expenses (Part III)
$961,709

Program services were 88.7% 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.

  • 1f · All other contributions, gifts and grants

    $103,552

  • 3 · Investment income

    total $261,637 · excluded $261,637

  • 7a · Gross sales of assets other than inventory

    securities $1,013,583

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

    securities $659,696

  • 7c · Gain or loss

    securities $353,887

  • 7d · Net gain or loss

    total $353,887 · excluded $353,887

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $831,309 · program services $831,309

  • 2 · Grants to domestic individuals

    total $41,000 · program services $41,000

  • 3 · Grants to foreign organizations and individuals

    total $5,000 · program services $5,000

  • 11a · Fees: management

    total $125,000 · program services $84,400 · management and general $40,600

  • 11c · Fees: accounting

    total $33,654 · management and general $33,654

  • 11f · Fees: investment management

    total $12,518 · management and general $12,518

  • 12 · Advertising and promotion

    total $11,935 · fundraising $11,935

  • 13 · Office expenses

    total $23,446 · management and general $23,446

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175,323 · end of year $197,697

  • 2 · Savings and temporary cash investments

    beginning of year $19,021 · end of year $19,967

  • 3 · Pledges and grants receivable

    beginning of year $39,100 · end of year $41,400

  • 11 · Investments: publicly traded securities

    beginning of year $10,308,174 · end of year $9,947,702

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,425 · end of year $53,586

  • 21 · Escrow or custodial account liability

    beginning of year $788,502 · end of year $856,912

  • 27 · Net assets without donor restrictions

    beginning of year $7,679,424 · end of year $7,213,432

  • 28 · Net assets with donor restrictions

    beginning of year $2,007,267 · end of year $2,082,836

Mission and programs · 2022

Mission

SUPPORT THE MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS AND PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING AN EDUCATION IN PETROLEUM ENGINEERING.

Activities or mission (Part I)

TO HELP SUPPORT MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS AND STUDENT SCHOLARSHIPS FOR STUDENTS PURSUING AN EDUCATION IN PETROLEUM ENGINEERING.

  • CONTRIBUTIONS TO THE SOCIETY OF PETROLEUM ENGINEERS TO SUPPORT MEMBER PROGRAMS FOR THE DISTINGUISHED LECTURER SERIES, LONG RANGE CALENDAR RE-WRITE AND TECHNICAL WBINARS

    Expenses $831,309 · Grants $831,309

  • SCHOLARSHIPS PAID FROM THE ARCHIE FUND, NICO VAN WINGEN FUND, THE IMOMOH FUND, AND DON RUSSELL FUND.

    Expenses $46,000 · Grants $46,000

  • MANAGEMENT FEE TO SPE INC FOR PROVIDING SERVICES IN HANDLING THE SCHOLARSHIP COMMITTEES AND HANDLING THE VARIOUS MEMBER PROGRAMS.

    Expenses $84,400

As filed on the 2022 return.

Listed in Part VII

  • Dr Egbert Imomoh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Dr Ganesh Thakur

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ms Janeen Judah

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dr Sami Abdul Aziz Alnuaim

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Mr Bruce E Bernard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Dr Medhat M Kamal

    2023 SPE PRESIDENT AS OF 10/2023

    Total calculated
    $0
    Hours/week
    1
  • Dr Kamel Ben-Naceur

    2022 SPE PRESIDENT THROUGH 09/2023

    Total calculated
    $0
    Hours/week
    1
  • Mr Roger Abel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Abdul Jaleel Al-Khalifa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Lyn Arscott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Kate Hadley Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr W C Barton Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Jeffrey Spath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Tom Blasingame

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr E A Breitenbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr William M Cobb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr John A Colligan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Behrooz Fattahi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Peter D Gaffney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Dennis E Gregg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Helge H Haldorsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr T Scott Hickman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr James R Jorden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Roy H Koerner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Alain Labastie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr D Nathan Meehan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ms Shauna Noonan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Leo Roodhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Edward E Runyan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Darcy Spady

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Eve Sprunt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mr Andrew A Young

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 October 2024
IRS schema version
2022v5.0
Source object
202402889349302510

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