Overview
What is Council Of Petroleum Accountants Societi?
The Council of Petroleum Accountants Societi (COPAS) is a nonprofit organization situated in Wichita, Kansas. With a small team of two employees, COPAS plays a crucial role in supporting the oil and gas industry by offering publications, education, and conferences. The organization's primary mission is to provide industry-specific accounting expertise through the creation of model form accounting procedures, publications, and a platform for knowledge sharing and idea exchange. As a result, COPAS contributes to the development of innovative business and accounting solutions within the oil and gas sector.
Official website here: www.copas.org
Is Council Of Petroleum Accountants Societi legitimate?
Council Of Petroleum Accountants Societi is a legitimate nonprofit organization registered as a 501(c)(6) entity. Council Of Petroleum Accountants Societi 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: $225,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,000
For more financial information, click here
Official website here: www.copas.org
What is the mission statement of Council Of Petroleum Accountants Societi?
The Council of Petroleum Accountants Societi's mission is to offer specialized knowledge for the oil and gas sector. This is achieved by creating standardized accounting procedures, publishing relevant materials, providing educational resources, and serving as a platform for the exchange of innovative ideas among industry professionals. The organization's activities aim to foster business and accounting solutions that cater to the unique needs of the oil and gas industry.
Official website here: www.copas.org
What is the revenue of Council Of Petroleum Accountants Societi?
Council Of Petroleum Accountants Societi's revenue in 2023 was $697,741.
Official website here: www.copas.org
Who are the executives of Council Of Petroleum Accountants Societi and what are their salaries?
The average compensation at Council Of Petroleum Accountants Societi during 2023 was $142,994. There are 2 employees and 50 volunteers at Council Of Petroleum Accountants Societi.
Here are 9 key members and their salaries:
- Compensation: $190,387
- Related: $0
- Other: $35,602
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.copas.org
Where can I find the form 990 for Council Of Petroleum Accountants Societi?
Council Of Petroleum Accountants Societi's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.copas.org
Learn more at the official website: www.copas.org
Mission Statement of Council Of Petroleum Accountants Societi
The Council of Petroleum Accountants Societi, often abbreviated as COPAS, plays a crucial role in the oil and gas industry by offering its expertise. The organization's mission is to advance business and accounting solutions within this sector. COPAS achieves this by developing model form accounting procedures, creating informative publications, and providing a platform for the exchange of innovative ideas. This exchange of ideas among industry professionals results in the creation of novel business and accounting strategies. In addition to these efforts, COPAS also hosts educational events and conferences to support its members and the broader oil and gas industry.
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Impact
October, 2024
The Council of Petroleum Accountants Societies (COPAS) has a significant impact on the oil and gas industry by enhancing the quality and efficiency of accounting practices. Through the development of model form accounting procedures and comprehensive publications, COPAS establishes standardized methodologies that streamline financial reporting and operations. This not only aids in compliance and transparency but also fosters best practices across the sector.
Additionally, COPAS plays a vital role in education and professional development. By offering conferences, workshops, and training sessions, the organization equips industry professionals with the knowledge and skills necessary to navigate the complexities of accounting in oil and gas. This commitment to education promotes continual improvement and innovation within the sector.
Furthermore, by providing a collaborative forum for members to exchange ideas, COPAS encourages the sharing of innovative business solutions. This collaborative spirit enhances cooperation among industry stakeholders, leading to the evolution of advanced accounting trends and practices. Overall, COPAS contributes to community improvement by ensuring that the financial aspects of the oil and gas industry are handled with expertise, integrity, and forward-thinking approaches.
This information is meant to be a general summary of Council Of Petroleum Accountants Societi. 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: $14,509
- Program Service Revenue: $527,617
- Gross Receipts: $697,741
Assets and Liabilities:
- Total Assets: $605,641
- Total Liabilities: $461,664
- Net Assets: $143,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APA Program
Revenue
$78,350
CEPS
Revenue
$112,750
Conferences
Revenue
$117,170
Publications
Revenue
$120,170
Training Revenue
Revenue
$72,013
Organization Details
Founding Year
1961
Principal Officer
Thomas H Wierman
Website
www.copas.orgNTEE Category
Code: S41 - Community improvement
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