Overview
What is Petroleum Equipment Institute?
The Petroleum Equipment Institute is a renowned nonprofit organization situated in Tulsa, Oklahoma. Its primary mission is to serve as the leading authority and source of information for the petroleum handling equipment industry. Annual conventions, in collaboration with the National Association of Convenience Stores, facilitate information sharing and learning about the latest advancements in petroleum equipment and good business practices. These events offer exposure to vendors and Institute members, fostering a collaborative environment for industry growth. The Institute, with a staff of 13 dedicated professionals, is committed to providing valuable insights and fostering a strong community within the petroleum handling equipment sector.
Official website here: www.pei.org
What do the Facebook reviews say about Petroleum Equipment Institute?
92% of 31 reviewers on Facebook recommend the Petroleum Equipment Institute. Here is a summary of their reviews:
Many commenters express a positive sentiment about the organization's services, noting the value it brings to the petroleum equipment industry. Users appreciate the resources and support provided, which they find useful and effective in addressing their needs.
Overall, the consensus reflects a strong endorsement of the Petroleum Equipment Institute, with reviewers highlighting the professionalism and dedication of the organization in facilitating industry knowledge and connections.
This AI summary has been generated from reviews found on Facebook.
Is Petroleum Equipment Institute legitimate?
Petroleum Equipment Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Petroleum Equipment 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: $373,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $821,717
For more financial information, click here
Official website here: www.pei.org
What is the mission statement of Petroleum Equipment Institute?
The Petroleum Equipment Institute serves as the leading authority and primary source of information for the petroleum handling equipment industry. Its mission is to promote knowledge and advancements in this field, fostering a sharing of information and learning about the latest developments and good business practices. This is achieved through events such as their annual convention, which brings together industry members and vendors, providing an opportunity to learn and network.
Official website here: www.pei.org
What is the revenue of Petroleum Equipment Institute?
Petroleum Equipment Institute's revenue in 2023 was $3,489,782.
Official website here: www.pei.org
Who are the executives of Petroleum Equipment Institute and what are their salaries?
The average compensation at Petroleum Equipment Institute during 2023 was $66,379. There are 18 employees and 18 volunteers at Petroleum Equipment Institute.
Here are 26 key members and their salaries:
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- Compensation: $102,666
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Official website here: www.pei.org
Where can I find the form 990 for Petroleum Equipment Institute?
Petroleum Equipment Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pei.org
Learn more at the official website: www.pei.org
Mission Statement of Petroleum Equipment Institute
The Petroleum Equipment Institute, acknowledged as the leading authority in its field, is committed to serving as a reliable source of information for the petroleum handling equipment industry. In line with this mission, the organization aims to facilitate the sharing of knowledge and promote the adoption of advanced practices in the industry through events like its annual convention. This convention brings together members and vendors to discuss the latest developments in petroleum handling equipment and fosters an environment conducive to learning and growth.
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Impact
October, 2024
The Petroleum Equipment Institute (PEI) significantly influences the petroleum handling equipment industry by serving as an authoritative source of information and a platform for knowledge sharing. Its annual convention, held alongside the National Association of Convenience Stores, is a vital event for industry professionals. This gathering facilitates the exchange of insights on the latest advancements in petroleum handling equipment and best business practices, enhancing operational efficiency and innovation.
The convention also provides valuable exposure to vendors and PEI members, fostering networking opportunities that can lead to collaborations and business growth. By focusing on education and information dissemination, the PEI plays an essential role in shaping industry standards and practices, ultimately contributing to the safety, efficiency, and advancement of the petroleum handling sector.
This information is meant to be a general summary of Petroleum Equipment 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: $111,157
- Program Service Revenue: $3,282,244
- Gross Receipts: $8,238,702
Assets and Liabilities:
- Total Assets: $10,127,893
- Total Liabilities: $2,080,356
- Net Assets: $8,047,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENTIONS AND MEETINGS
Revenue
$1,454,913
DUES
Revenue
$1,181,770
ADVERTISING
Revenue
$430,698
PUBLICATIONS
Revenue
$174,678
EDUCATIONAL
Revenue
$40,185
Organization Details
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