Overview
What is International Association Of Drilling Contractors?
The International Association of Drilling Contractors (IADC) is a distinguished nonprofit organization situated in Houston, Texas, with a workforce of 38 individuals. Their primary objective is to enhance industry safety, health, and environmental practices, while simultaneously advancing drilling and completion technology. IADC champions responsible standards, practices, legislation, and regulations, ensuring secure, efficient, and environmentally sound drilling operations worldwide. They achieve this through various means, including conferences, training seminars, print and electronic publications, and a comprehensive network of technical publications. The IADC Accreditation Program provides training for excellence in operations and serves as a benchmark for establishing and maintaining a quality standard in the drilling and completion industry.
Official website here: www.iadc.org
Is International Association Of Drilling Contractors legitimate?
International Association Of Drilling Contractors is a legitimate nonprofit organization registered as a 501(c)(6) entity. International Association Of Drilling Contractors 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: $1,392,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,303,496
For more financial information, click here
Official website here: www.iadc.org
What is the mission statement of International Association Of Drilling Contractors?
The International Association of Drilling Contractors (IADC) aims to enhance the health, safety, and environmental practices within the upstream petroleum industry globally. They strive to advance drilling and completion technology and advocate for responsible standards, practices, legislation, and regulations that ensure safe, efficient, and environmentally sound drilling operations worldwide. IADC achieves this goal through conferences, training seminars, print and electronic publications, and a comprehensive network of technical publications, continuously fostering education and communication within the industry.
Official website here: www.iadc.org
Who is the CEO of International Association Of Drilling Contractors?
Jason Mcfarland is the Chairman of International Association Of Drilling Contractors.
Official website here: www.iadc.org
What is the revenue of International Association Of Drilling Contractors?
International Association Of Drilling Contractors's revenue in 2022 was $10,781,076.
Official website here: www.iadc.org
Who are the executives of International Association Of Drilling Contractors and what are their salaries?
The average compensation at International Association Of Drilling Contractors during 2022 was $70,952. There are 38 employees and 825 volunteers at International Association Of Drilling Contractors.
Here are 33 key members and their salaries:
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- Compensation: $144,684
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- Compensation: $202,113
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- Other: $18,190
Official website here: www.iadc.org
Where can I find the form 990 for International Association Of Drilling Contractors?
International Association Of Drilling Contractors's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iadc.org
Learn more at the official website: www.iadc.org
Mission Statement of International Association Of Drilling Contractors
The International Association of Drilling Contractors (IADC) is committed to enhancing the wellbeing, safety, and environmental practices within the upstream petroleum industry worldwide. Their mission is multifaceted, encompassing three key objectives: firstly, IADC strives to improve industry safety and health standards by promoting best practices and responsible regulations. Secondly, they aim to advance drilling and completion technology to ensure efficient and environmentally sound operations. Lastly, IADC champions legislations and regulations that foster safe and sustainable drilling operations globally. To achieve these objectives, IADC employs various strategies such as hosting conferences, organizing training seminars, publishing technical papers, and maintaining a comprehensive network of technical publications. Through these initiatives, IADC fosters education and communication within the petroleum industry, ultimately contributing to safer, more efficient, and environmentally responsible drilling operations worldwide.
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Impact
October, 2024
The International Association of Drilling Contractors (IADC) plays a crucial role in enhancing the health, safety, and environmental practices within the drilling industry. By advocating for responsible standards and practices, IADC ensures that drilling operations are not only safe but also efficient and environmentally sound.
Through various initiatives such as conferences, training seminars, and both print and electronic publications, IADC fosters ongoing education and communication in the upstream petroleum sector. This commitment to continuous learning helps drive the advancement of drilling and completion technology, setting benchmarks for operational excellence. Their accreditation program specifically focuses on training, promoting best practices, and establishing quality standards in contract drilling operations.
Overall, the impact of IADC is significant, as it champions the implementation of legislation and regulations that enhance safety measures while supporting industry progress. This helps to protect workers, communities, and the environment, leading to a more sustainable and responsible drilling industry.
This information is meant to be a general summary of International Association Of Drilling Contractors. 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: $305,886
- Program Service Revenue: $11,064,087
- Gross Receipts: $20,504,969
Assets and Liabilities:
- Total Assets: $25,015,870
- Total Liabilities: $7,149,179
- Net Assets: $17,866,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION PROGRAMS
Revenue
$9,250,504
TECHNICAL CONFERENCE REVENUE
Revenue
$1,813,583
Organization Details
Founding Year
1964
Phone
(713) 292-1945Principal Officer
Jason Mcfarland
Main Address
3657 BRIARPARK DRIVE 200, HOUSTON, TX, 77042
Website
www.iadc.orgNTEE Category
Code: B03 - Education
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