Overview
What is Society Of Petroleum Engineers Inc?
The Society of Petroleum Engineers Inc, based in Richardson, Texas, is a renowned nonprofit organization catering to professionals in the energy resources sector. With approximately 124,800 members across 134 countries, SPE is a global hub for technical knowledge in the oil and gas exploration and production industry. The organization's mission is to disseminate and exchange technical information related to the industry through publications, events, training courses, and online resources, ultimately enhancing professional competence for public benefit. SPE offers various platforms such as research portals (OnePetro and PetroWiki), serial publications, peer-reviewed journals, books, and online content repositories. The organization supports approximately 164 employees in delivering these essential services.
Official website here: www.spe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Society of Petroleum Engineers Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 89%. This rating is based entirely on their Accountability & Finance score, which indicates a commitment to transparency and responsible financial management. The high rating demonstrates the organization's strong governance practices, including a fully independent board and robust financial oversight.
Notable strengths include a perfect score for having a majority of independent board members and a comprehensive conflict of interest policy. Additionally, the organization maintains strict policies around document retention and has a whistleblower policy in place. The financial health of the organization is evidenced by a low liabilities to assets ratio of 31.26%, indicating a strong balance sheet.
While the program expense ratio stands at 64.76%, which is a decent percentage, it suggests that there may be opportunities for the organization to enhance its programmatic spending. Overall, the Society of Petroleum Engineers Inc demonstrates solid accountability and transparency, but could focus on increasing its program expenses to further enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Petroleum Engineers Inc legitimate?
Society Of Petroleum Engineers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Petroleum Engineers 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: $3,507,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,781,755
For more financial information, click here
Official website here: www.spe.org
What is the mission statement of Society Of Petroleum Engineers Inc?
The Society of Petroleum Engineers (SPE) is a not-for-profit professional association dedicated to the oil and gas exploration and production industry. With approximately 124,800 members across 134 countries, SPE serves as a vital resource for technical knowledge in this field. The organization's mission is to collect, disseminate, and exchange technical knowledge concerning the exploration, development, and production of oil and gas resources and related technologies, all for the public benefit. SPE offers various services to help professionals enhance their technical and professional competence through publications, events, training courses, and online resources. Their publications, including magazines, ONEPetro, and technical journals, provide access to a wealth of information and tools to maintain and stimulate effective knowledge capture, dissemination, and archiving.
Official website here: www.spe.org
Who is the CEO of Society Of Petroleum Engineers Inc?
Simon D Seaton is the CEO of Society Of Petroleum Engineers Inc The CEO's salary of Society Of Petroleum Engineers Inc is $178,189 and their total compensation is $200,123.
Official website here: www.spe.org
What is the revenue of Society Of Petroleum Engineers Inc?
Society Of Petroleum Engineers Inc's revenue in 2024 was $37,661,300.
Official website here: www.spe.org
Who are the executives of Society Of Petroleum Engineers Inc and what are their salaries?
The average compensation at Society Of Petroleum Engineers Inc during 2024 was $107,667. There are 142 employees and 4600 volunteers at Society Of Petroleum Engineers Inc.
Here are 41 key members and their salaries (Society Of Petroleum Engineers Inc's CEO's salary is $178,189 and their total compensation is $200,123):
- 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: $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: $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: $329,921
- Related: $0
- Other: $25,105
- Compensation: $178,189
- Related: $0
- Other: $21,934
- Compensation: $276,089
- Related: $0
- Other: $84,755
- Compensation: $247,045
- Related: $0
- Other: $46,831
- Compensation: $193,864
- Related: $0
- Other: $36,354
- Compensation: $233,626
- Related: $0
- Other: $39,203
- Compensation: $204,435
- Related: $0
- Other: $34,713
- Compensation: $162,105
- Related: $0
- Other: $27,700
- Compensation: $217,998
- Related: $0
- Other: $34,883
- Compensation: $226,460
- Related: $0
- Other: $27,480
- Compensation: $169,214
- Related: $0
- Other: $37,876
- Compensation: $186,282
- Related: $0
- Other: $42,789
- Compensation: $209,625
- Related: $0
- Other: $18,646
- Compensation: $167,265
- Related: $0
- Other: $19,340
Official website here: www.spe.org
Where can I find the form 990 for Society Of Petroleum Engineers Inc?
Society Of Petroleum Engineers Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.spe.org
Learn more at the official website: www.spe.org
Mission Statement of Society Of Petroleum Engineers Inc
The Society of Petroleum Engineers Inc, a renowned not-for-profit organization, is dedicated to gathering, sharing, and expanding technical knowledge related to the exploration, development, and production of oil and gas resources. With a global reach spanning approximately 124,800 members across 134 countries, this professional association acts as a crucial resource in the oil and gas industry.
The Society's primary mission is to collect, disseminate, and exchange technical information concerning the oil and gas sector, ensuring this knowledge benefits the public. To further this mission, SPE provides various services, including publications, events, training courses, and online resources, accessible through their website www.spe.org. These offerings serve to maintain and stimulate effective knowledge capture, dissemination, and archiving for the Society's members and the public.
The Society's extensive range of publications includes magazines, online databases such as OnePetro and PetroWiki, serial publications like the Journal of Petroleum Technology, peer-reviewed journals, SPE Books, and definitions and guidelines. The Society's commitment to knowledge transfer is evident in its efforts to make technical content readily available and accessible to professionals, enabling them to enhance their technical and professional competence.
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 Society of Petroleum Engineers Inc. plays a significant role in advancing the oil and gas industry by serving as a crucial hub for technical knowledge and professional development. With approximately 124,800 members across 134 countries, the organization facilitates the exchange of expertise and best practices, which is essential for the sustainable development and production of energy resources.
Through its extensive network of publications—including magazines, technical journals, and online repositories like OnePetro and PetroWiki—SPE ensures that cutting-edge research and insights are accessible to professionals in the field. These resources not only help members stay informed about the latest advancements in technology and methodologies but also foster innovation and collaboration among industry experts.
SPE’s training courses and events provide opportunities for professionals to enhance their skills and competencies, which is vital in an industry that is constantly evolving due to technological advancements and changing environmental regulations. By promoting knowledge dissemination and professional growth, the Society contributes significantly to the efficiency and effectiveness of operations in the oil and gas sector, ultimately benefiting the broader public by supporting the responsible development of crucial energy resources.
This information is meant to be a general summary of Society Of Petroleum Engineers 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 2024.
- Investment Income: $798,018
- Program Service Revenue: $33,358,448
- Gross Receipts: $44,117,673
Assets and Liabilities:
- Total Assets: $59,462,727
- Total Liabilities: $14,575,333
- Net Assets: $44,887,394
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.
MEETINGS
Revenue
$18,776,808
MEMBER DUES/ASSESSMENTS
Revenue
$5,122,748
US CHAPTER REVENUE
Revenue
$3,673,996
MANAGEMENT FEES
Revenue
$2,858,360
PUBLICATIONS
Revenue
$2,433,236
Organization Details
Founding Year
1984
Principal Officer
Simon D Seaton
Website
www.spe.orgNTEE Category
Code: U030 - Science research
If you are a representative of Society Of Petroleum Engineers Inc 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.