Overview
What is North Dakota Petroleum Council Inc?
North Dakota Petroleum Council Inc is a nonprofit organization situated in Bismarck, North Dakota. Its primary mission is to promote and enhance the exploration, development, production, transportation, refining, conservation, and marketing of oil and gas within North Dakota, South Dakota, and the Rocky Mountain region. The council achieves this goal by providing educational outreach to its members and the general public through various platforms, including seminars, public forums, educational booths, and annual meetings. Every two years, they host the Williston Basin Petroleum Conference, which brings together more than 4,000 individuals working in the oil industry to discuss new developments, technologies, and trends in the Bakken region. The council also monitors and influences legislative and regulatory activities at both the state and national levels, aiming to foster the best interests of the public and the industry. With a team of 13 dedicated individuals, the North Dakota Petroleum Council Inc is committed to driving growth and advancement within the petroleum sector.
Official website here: www.ndoil.org
Is North Dakota Petroleum Council Inc legitimate?
North Dakota Petroleum Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. North Dakota Petroleum Council Inc 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: $536,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $358,167
For more financial information, click here
Official website here: www.ndoil.org
What is the mission statement of North Dakota Petroleum Council Inc?
The North Dakota Petroleum Council Inc's mission is centered around promoting and enhancing the exploration, development, production, transportation, refining, conservation, and marketing of oil and gas in North Dakota, South Dakota, and the Rocky Mountain region. The organization strives to foster open discussions, facilitate the lawful exchange of information, and provide education related to the petroleum industry. Additionally, it keeps a close eye on legislative and regulatory activities at both the state and national levels. Lastly, the North Dakota Petroleum Council Inc collects and disseminates valuable information regarding the petroleum industry, aiming to serve the best interests of the public and the industry.
Official website here: www.ndoil.org
What is the revenue of North Dakota Petroleum Council Inc?
North Dakota Petroleum Council Inc's revenue in 2023 was $2,378,499.
Official website here: www.ndoil.org
Who are the executives of North Dakota Petroleum Council Inc and what are their salaries?
The average compensation at North Dakota Petroleum Council Inc during 2023 was $89,433. There are 10 employees at North Dakota Petroleum Council Inc.
Here are 45 key members and their salaries:
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Official website here: www.ndoil.org
Where can I find the form 990 for North Dakota Petroleum Council Inc?
North Dakota Petroleum Council Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ndoil.org
Learn more at the official website: www.ndoil.org
Mission Statement of North Dakota Petroleum Council Inc
The North Dakota Petroleum Council Inc is an organization dedicated to promoting and enhancing various aspects of the oil and gas industry within North Dakota, South Dakota, and the Rocky Mountain region. Their mission is multifaceted, encompassing the discovery, development, production, transportation, refining, conservation, and marketing of these resources. By actively pursuing these goals, the council aims to foster opportunities for open dialogue, the legal exchange of information, and education within the petroleum industry.
In addition to these industry-focused objectives, the North Dakota Petroleum Council Inc also monitors and influences legislative and regulatory activities at both the state and national levels. They accumulate and disseminate relevant information regarding the petroleum industry, with the intention of advocating for the best interests of both the public and the industry itself. This role serves to ensure that the council remains at the forefront of understanding and shaping the policies that impact the petroleum sector, ultimately benefiting the broader community as a whole.
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Impact
October, 2024
North Dakota Petroleum Council Inc plays a significant role in enhancing the oil and gas industry in the region. By promoting the discovery, development, production, transportation, refining, conservation, and marketing of these resources, the Council fosters a robust industry that is vital to the local economy.
The Council facilitates educational outreach through seminars, public forums, and annual meetings, effectively bridging the gap between industry professionals and the community. Their initiatives, such as the Williston Basin Petroleum Conference, attract over 4,000 attendees, providing a platform for professionals to exchange valuable insights on trends, innovations, and developments in the Bakken region.
Additionally, the Council actively monitors legislative and regulatory activities at both state and national levels, ensuring that the interests of the oil and gas industry are represented. By disseminating information and encouraging open discussions, it helps foster a deeper understanding of the petroleum industry among the public, thereby promoting sound practices and policies that benefit both the community and the industry. Overall, the North Dakota Petroleum Council Inc significantly contributes to community improvement and economic vitality in North Dakota, South Dakota, and the Rocky Mountain region.
This information is meant to be a general summary of North Dakota Petroleum Council Inc. 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: $129,333
- Program Service Revenue: $2,113,120
- Gross Receipts: $2,378,499
Assets and Liabilities:
- Total Assets: $7,519,633
- Total Liabilities: $3,008,749
- Net Assets: $4,510,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$1,107,595
ONE BASIN SAFETY PROGR
Revenue
$442,133
SPONSORSHIPS & REG FEE
Revenue
$295,550
BAKKEN GROW
Revenue
$124,397
SKIPPER HCP
Revenue
$108,945
Organization Details
Founding Year
1952
Principal Officer
Ron Ness
Website
www.ndoil.orgNTEE Category
Code: S41 - Community improvement
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