Overview
What is Produced Water Society Inc?
Produced Water Society Inc is a nonprofit organization, based in Austin, Texas, dedicated to the study and improvement of produced water management from offshore and onshore wells. This organization, comprised of engineers, scientists, and industry professionals, hosts multiday seminars to present papers on environmental, engineering, and chemical updates and engages in roundtable discussions each day. The Produced Water Society also maintains and continually improves its website to serve as a valuable information resource. Their aim is to promote advancements in the field and foster collaboration among its members to ensure sustainable and responsible management of produced water.
Official website here: www.producedwatersociety.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning a Two-Star out of Four Star rating
Produced Water Society Inc has received a moderate rating reflecting some organizational strengths and several areas for improvement. The organization has a fully independent board and no material diversion of assets, which indicates strong governance in these aspects. Additionally, a high program expense ratio suggests that a significant portion of its resources is dedicated to its programs.
However, the organization faces notable challenges in accountability and transparency. Key policies, including conflict of interest and whistleblower protections, are missing, raising concerns about its internal oversight. Furthermore, the liabilities to assets ratio is quite high, indicating potential financial instability, which could affect its operations and sustainability.
Overall, while Produced Water Society Inc demonstrates commitment in certain governance areas, the absence of critical policies and a concerning financial ratio highlight important vulnerabilities that need to be addressed for better accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Produced Water Society Inc legitimate?
Produced Water Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Produced Water Society 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.producedwatersociety.com
What is the mission statement of Produced Water Society Inc?
The Produced Water Society is a community of engineers, scientists, and industry professionals who unite with a shared mission to study and enhance the management of produced water from both offshore and onshore wells. Their goal is to conduct research and make improvements in this area. They organize multi-day seminars where they present papers on environmental, engineering, and chemical advancements, accompanied by daily roundtable discussions. Moreover, their website serves as a valuable resource, consistently maintained and updated to provide information on these subjects.
Official website here: www.producedwatersociety.com
Who is the CEO of Produced Water Society Inc?
Morris Hoagland is the Vice President of Produced Water Society Inc.
Official website here: www.producedwatersociety.com
What is the revenue of Produced Water Society Inc?
Produced Water Society Inc's revenue in 2022 was $354,231.
Official website here: www.producedwatersociety.com
Who are the executives of Produced Water Society Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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Official website here: www.producedwatersociety.com
Where can I find the form 990 for Produced Water Society Inc?
Produced Water Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.producedwatersociety.com
Learn more at the official website: www.producedwatersociety.com
Mission Statement of Produced Water Society Inc
The Produced Water Society, an organization comprising engineers, scientists, and industry professionals, is dedicated to a shared mission: enhancing the management of produced water from both offshore and onshore wells. This mission revolves around conducting studies, research, and implementing improvements to ensure the responsible handling of this valuable resource.
To achieve this goal, the Produced Water Society organizes multi-day seminars where experts present their latest findings on environmental, engineering, and chemical advancements. These seminars are complemented by daily roundtable discussions, fostering a collaborative environment to share ideas and insights.
In addition to these events, the Produced Water Society maintains and continually improves its website to serve as a comprehensive resource for information and updates in the field. This commitment to knowledge-sharing reflects the organization's dedication to fostering a more sustainable and efficient approach to produced water management.
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Impact
June, 2024
Produced Water Society Inc plays a crucial role in advancing the management of produced water from offshore and onshore wells. Through its multi-day seminars, the organization provides a platform for engineers, scientists, and industry professionals to exchange knowledge and insights on environmental, engineering, and chemical updates related to produced water. By facilitating roundtable discussions and maintaining an information resource on its website, Produced Water Society Inc fosters collaboration and innovation in the field. Its impact extends to improving industry practices and contributing to environmental sustainability.
This information is meant to be a general summary of Produced Water Society 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 2022.
- Program Service Revenue: $330,486
- Gross Receipts: $354,231
Assets and Liabilities:
- Total Assets: $37,191
- Total Liabilities: $61,345
- Net Assets: -$24,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Seminars
Revenue
$330,486
Organization Details
Founding Year
1999
Phone
(512) 716-8536Principal Officer
Morris Hoagland
Main Address
206 E 9th St, Austin, TX, 78701
Website
www.producedwatersociety.comNTEE Category
Code: C03 - Environment
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