Overview
What is Petroleum Industry Data Exchange?
Petroleum Industry Data Exchange (PIDX) is a nonprofit organization situated in Houston, Texas. With a commitment to inclusivity and global collaboration, PIDX brings together industry professionals to address identified challenges and develop standards. Their mission is to promote seamless and efficient electronic business within the oil and natural gas industry and its trading community by establishing process, information, and technology standards. PIDX's work is driven by the involvement of qualified volunteers, adhering to a transparent and open approach, with a goal of making these standards freely accessible to all. The organization currently employs a modest team of two individuals.
Official website here: www.pidx.org
Is Petroleum Industry Data Exchange legitimate?
Petroleum Industry Data Exchange is a legitimate nonprofit organization registered as a 501(c)(6) entity. Petroleum Industry Data Exchange 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: $48,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,146
For more financial information, click here
Official website here: www.pidx.org
What is the mission statement of Petroleum Industry Data Exchange?
The Petroleum Industry Data Exchange, or PIDX, serves as a global platform for advancing process, information, and technology standards. Its mission is to foster seamless and efficient electronic business within the oil and natural gas industry and its trading community. PIDX achieves this by convening volunteer groups to address identified business needs and develop standards through a systematic process. The organization adheres to principles such as enlisting qualified individuals, promoting inclusivity, communicating widely within the industry, and making standards accessible on a royalty-free basis.
Official website here: www.pidx.org
Who is the CEO of Petroleum Industry Data Exchange?
Chris Welsh is the Coo & Director of Petroleum Industry Data Exchange.
Official website here: www.pidx.org
What is the revenue of Petroleum Industry Data Exchange?
Petroleum Industry Data Exchange's revenue in 2022 was $343,667.
Official website here: www.pidx.org
Who are the executives of Petroleum Industry Data Exchange and what are their salaries?
The average compensation at Petroleum Industry Data Exchange during 2022 was $98,073. There are 2 employees and 65 volunteers at Petroleum Industry Data Exchange.
Here are 11 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
Official website here: www.pidx.org
Where can I find the form 990 for Petroleum Industry Data Exchange?
Petroleum Industry Data Exchange's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pidx.org
Learn more at the official website: www.pidx.org
Mission Statement of Petroleum Industry Data Exchange
Petroleum Industry Data Exchange, or PIDX, is committed to serving as a global platform that advances the development of process, information, and technology standards. Their mission is to promote seamless and efficient electronic business within the oil and gas industry and its trading community. By establishing a forum for industry professionals and traders, PIDX works towards facilitating standardized practices that enhance communication and streamline operations across the sector.
In pursuit of their mission, PIDX relies on the collective expertise of its members. When a 'business need' arises, volunteer groups come together to address it through a well-established process. This collaborative approach allows PIDX to continually evolve and adapt to the ever-changing needs of the oil and gas industry. Additionally, PIDX adheres to certain guiding principles, including enlisting qualified individuals, fostering an inclusive global environment, and making standards accessible on an open and royalty-free basis. By upholding these principles, PIDX aims to promote a dynamic and collaborative community that drives innovation and progress within the oil and gas industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Petroleum Industry Data Exchange significantly impacts the oil and natural gas sector by establishing and promoting standards that enhance electronic business transactions. By facilitating a collaborative environment, PIDX allows industry stakeholders to address specific business needs and develop standards that streamline processes.
Through the formation of project work groups, experts come together to propose and refine standards that foster efficiency and interoperability in the trading community. This inclusivity ensures that diverse voices contribute to the development of solutions that benefit the entire industry. By making these standards open and royalty-free, PIDX promotes widespread adoption and simplifies the integration of technology across various platforms and organizations.
Ultimately, PIDX's work leads to more effective communication and interaction between companies, ultimately improving operational efficiency and reducing costs in the petroleum industry. This shift towards standardized practices not only enhances individual business operations but also strengthens the overall ecosystem of the oil and gas industry.
This information is meant to be a general summary of Petroleum Industry Data Exchange. 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 2022.
- Investment Income: $66
- Program Service Revenue: $343,601
- Gross Receipts: $343,667
Assets and Liabilities:
- Total Assets: $438,827
- Total Liabilities: $204,572
- Net Assets: $234,255
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues
Revenue
$300,583
Meetings
Revenue
$43,018
Organization Details
Founding Year
2011
Phone
(832) 681-7350Principal Officer
Chris Welsh
Main Address
3 Riverway 920, Houston, TX, 77056
Website
www.pidx.orgNTEE Category
Code: S46 - Community improvement
If you are a representative of Petroleum Industry Data Exchange and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.