Form 990 for tax year 2023
Filed by SOCIETY OF PETROLEUM ENGINEERS TR.
Totals
- Total revenue
- $660,300
- Total expenses
- $606,620
- Contributions and grants received
- $120,365
- Grants paid
- $380,000
- Program service revenue
- $0
- Investment income
- $558,774
- Other revenue
- -$18,839
- Total assets, end of year
- $11,322,862
- Total liabilities, end of year
- $1,130,070
- Net assets or fund balances, end of year
- $10,192,792
- Program services expenses (Part IX)
- $461,100
- Management and general expenses
- $113,020
- Fundraising expenses
- $32,500
- Program service expenses (Part III)
- $461,100
Program services were 76.0% 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.
-
1c · Fundraising events
$54,046
-
1f · All other contributions, gifts and grants
$66,319
-
3 · Investment income
total $290,864 · excluded $290,864
-
7a · Gross sales of assets other than inventory
securities $753,442
-
7b · Less cost or other basis and sales expenses
securities $485,532
-
7c · Gain or loss
securities $267,910
-
7d · Net gain or loss
total $267,910 · excluded $267,910
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$54,046
-
8b · Fundraising events: direct expenses
$18,839
-
8c · Net income from fundraising events
total -$18,839 · excluded -$18,839
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $325,000 · program services $325,000
-
2 · Grants to domestic individuals
total $46,000 · program services $46,000
-
3 · Grants to foreign organizations and individuals
total $9,000 · program services $9,000
-
11a · Fees: management
total $125,000 · program services $81,100 · management and general $43,900
-
11c · Fees: accounting
total $35,792 · management and general $35,792
-
11e · Fees: professional fundraising services
total $32,500 · fundraising $32,500
-
11f · Fees: investment management
total $18,929 · management and general $18,929
-
13 · Office expenses
total $14,399 · management and general $14,399
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $197,697 · end of year $235,582
-
2 · Savings and temporary cash investments
beginning of year $19,967 · end of year $21,026
-
3 · Pledges and grants receivable
beginning of year $41,400 · end of year $45,600
-
11 · Investments: publicly traded securities
beginning of year $9,947,702 · end of year $11,020,654
-
17 · Accounts payable and accrued expenses
beginning of year $53,586 · end of year $76,483
-
21 · Escrow or custodial account liability
beginning of year $856,912 · end of year $1,053,587
-
27 · Net assets without donor restrictions
beginning of year $7,213,432 · end of year $7,859,317
-
28 · Net assets with donor restrictions
beginning of year $2,082,836 · end of year $2,333,475
Mission and programs · 2023
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 WEBINARS
Expenses $325,000 · Grants $325,000
-
SCHOLARSHIPS PAID FROM THE ARCHIE FUND, NICO VAN WINGEN FUND, THE IMOMOH FUND, AND DON RUSSELL FUND.
Expenses $55,000 · Grants $55,000
-
MANAGEMENT FEE TO SPE INC FOR PROVIDING SERVICES IN HANDLING THE SCHOLARSHIP COMMITTEES AND HANDLING THE VARIOUS MEMBER PROGRAMS.
Expenses $81,100
As filed on the 2023 return.
Listed in Part VII
-
Ms Janeen JudahMS JANEEN JUDAH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dr Egbert ImomohDR EGBERT IMOMOH
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mr Darcy SpadyMR DARCY SPADY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sami Abdul Aziz AlnuaimDR SAMI ABDUL AZIZ ALNUAIM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bruce E BernardMR BRUCE E BERNARD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Mr Terry PalischMR TERRY PALISCH
2024 SPE PRESIDENT (9/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Dr Medhat KamalDR MEDHAT KAMAL
2023 SPE PRESIDENT (THRU 9/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Roger AbelMR ROGER ABEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Abdul Jaleel Al-KhalifaDR ABDUL JALEEL AL-KHALIFA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Lyn ArscottDR LYN ARSCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kate Hadley BakerDR KATE HADLEY BAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr W C Barton JrMR W C BARTON JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jeffrey SpathDR JEFFREY SPATH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Tom BlasingameDR TOM BLASINGAME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr William M CobbDR WILLIAM M COBB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr John A ColliganMR JOHN A COLLIGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Behrooz FattahiDR BEHROOZ FATTAHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Peter D GaffneyMR PETER D GAFFNEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Dennis E GreggMR DENNIS E GREGG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Helge H HaldorsenMR HELGE H HALDORSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr T Scott HickmanMR T SCOTT HICKMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr James R JordenMR JAMES R JORDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Roy H KoernerMR ROY H KOERNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Alain LabastieMR ALAIN LABASTIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr D Nathan MeehanDR D NATHAN MEEHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Shauna NoonanMS SHAUNA NOONAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Leo RoodhartDR LEO ROODHART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Edward E RunyanMR EDWARD E RUNYAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kamel Ben-NaceurDR KAMEL BEN-NACEUR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Eve SpruntDR EVE SPRUNT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andrew A YoungMR 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
-
SOCIETY OF PETROLEUM ENGINEERS
$325,000
MEMBER PROGRAM SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 October 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512889349301131
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