Overview
What is American Petroleum Institute?
The American Petroleum Institute (API) is a significant nonprofit organization headquartered in Washington, D.C. With a workforce of 387 employees, API advocates for the interests of the oil and natural gas industry on various platforms. They engage in dialogue with legislative bodies, executive branches of government, and regulatory agencies, representing their members' public policy goals. API negotiates on behalf of the industry in legal proceedings and collaborates with other associations to accomplish their objectives. Their mission encompasses promoting safety within the industry on a global scale and supporting a robust, thriving U.S. oil and natural gas sector.
Official website here: www.api.org
Is American Petroleum Institute legitimate?
American Petroleum Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Petroleum Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $17,545,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,121,832
For more financial information, click here
Official website here: www.api.org
What is the mission statement of American Petroleum Institute?
The American Petroleum Institute (API) is dedicated to advancing the safety and sustainability of the oil and natural gas industry on a global scale. Its mission encompasses influencing public policy to support a strong industry in the United States. API acts as a voice for the industry, engaging with Congress, executive branches, state legislatures, and the media. It negotiates with regulatory agencies, participates in coalitions, and collaborates with other associations to achieve its members' policy objectives. API's advocacy efforts are centered around ensuring the industry's continued viability while promoting safety across the board.
Official website here: www.api.org
Who is the CEO of American Petroleum Institute?
Michael J Sommers is the CEO of American Petroleum Institute The CEO's salary of American Petroleum Institute is $9,862,747 and their total compensation is $10,727,071.
Official website here: www.api.org
What is the revenue of American Petroleum Institute?
American Petroleum Institute's revenue in 2023 was $267,555,487.
Official website here: www.api.org
Who are the executives of American Petroleum Institute and what are their salaries?
The average compensation at American Petroleum Institute during 2023 was $167,121. There are 369 employees and 20000 volunteers at American Petroleum Institute.
Here are 59 key members and their salaries (American Petroleum Institute's CEO's salary is $9,862,747 and their total compensation is $10,727,071):
- Compensation: $9,862,747
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- Other: $864,324
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- Compensation: $714,007
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- Other: $271,047
- Compensation: $695,046
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- Other: $126,322
- Compensation: $2,089,429
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- Other: $239,177
- Compensation: $685,791
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- Other: $141,436
- Compensation: $671,783
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- Compensation: $438,830
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- Other: $75,057
- Compensation: $260,639
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- Other: $27,504
- Compensation: $229,052
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- Other: $20,432
- Compensation: $649,221
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- Other: $189,211
- Compensation: $652,266
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- Other: $151,934
- Compensation: $523,376
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- Other: $38,230
- Compensation: $408,256
- Related: $0
- Other: $148,219
- Compensation: $433,393
- Related: $0
- Other: $104,208
Official website here: www.api.org
Where can I find the form 990 for American Petroleum Institute?
American Petroleum Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.api.org
Learn more at the official website: www.api.org
Mission Statement of American Petroleum Institute
The American Petroleum Institute (API) is a prominent organization with a mission to promote safety within the global oil and natural gas industry and to advocate for a robust, thriving industry in the United States. By influencing public policy, API represents the industry before various levels of government and in the media. The institute negotiates with regulatory agencies, participates in coalitions, and engages in legal proceedings to achieve the policy objectives of its members.
In line with its mission, API prioritizes safety within the oil and natural gas industry on a global scale. It advocates for policies that uphold the highest safety standards and strives to ensure a strong industry presence. By acting as a voice for the industry, API works towards shaping regulations that support the growth and sustainability of the oil and natural gas sector. Additionally, the institute collaborates with other associations to amplify industry initiatives and to achieve collective goals.
In summary, the American Petroleum Institute (API) plays a crucial role in championing safety across the oil and natural gas industry worldwide and advocating for the interests of its members in the public policy sphere. By engaging in various advocacy efforts and partnerships, API drives impactful change and supports the growth of a strong, viable U.S. oil and natural gas industry.
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Impact
October, 2024
The American Petroleum Institute (API) plays a significant role in shaping the landscape of the oil and natural gas industry in the United States. Its advocacy efforts focus on representing the interests of the industry before key governmental bodies, including Congress, the Executive Branch, and state legislatures. This involves negotiating with regulatory agencies and participating actively in legal proceedings relevant to the industry.
Through coalition-building and partnerships with other associations, API strives to advance the public policy goals of its members, emphasizing the promotion of safety across the industry on a global scale. By influencing legislation and regulation, API seeks to create a robust environment for the U.S. oil and natural gas sector, ultimately contributing to economic growth and community improvement. Its actions and policies significantly impact not only the industry stakeholders but also broader environmental and economic policies in the country.
This information is meant to be a general summary of American Petroleum Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,206,075
- Program Service Revenue: $235,117,523
- Gross Receipts: $283,385,820
Assets and Liabilities:
- Total Assets: $119,268,843
- Total Liabilities: $144,867,593
- Net Assets: -$25,598,750
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$117,158,668
CERTIFICATION PROGRAM
Revenue
$111,841,632
MEETING REVENUE
Revenue
$6,098,630
SUBSCRIPTIONS
Revenue
$18,593
Organization Details
Founding Year
1919
Principal Officer
Michael J Sommers
Website
www.api.orgNTEE Category
Code: S41 - Community improvement
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