Iapg Houston Section INC EIN 01-0662910 Form 990 (PDF) Claim this org

Iapg Houston Section INC

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Shares innovations and fosters career growth for Argentina's oil, gas, and energy sectors. For fiscal year 2024 it reported $275K in revenue, $101K in expenses, and $459K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Houston, TX
Website
www.iapghouston.org
Filings
5 on file (2020–2024)
Revenue
$275KFY2024
Expenses
$101K
Net assets
$459K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0662910 Public charity (501(c)(3)) Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Shares innovations and fosters career growth for Argentina's oil, gas, and energy sectors.
Leadership
Emilio Acin · Treasurer
Money in and out
$275K revenue, $101K expenses
Bottom line
84% program efficiency
Where the money goes · FY2024
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$459K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $174K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Program efficiency
84%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
52.2mo
months of highly liquid reserves at operating expense rate▲ +54% vs prior filing year
Surplus margin
+63%
revenue over expenses, this year▲ +43% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$275K
FY2024▲ +49%
Expenses
$101K
FY2024▼ -1%
Total assets
$465K
FY2024▲ +60%
Total liabilities
$6K
FY2024▲ +7%
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$459K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$174K
Total assetsPt X · Ln 16$465K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIapg Houston Section INC
EINHdr · item D01-0662910
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.iapghouston.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $71K of program spending, described in the organization's own filed words · FY2024.
01

Scholarships program for students and professionals

$63Kprogram expense
02

Organize forums for the exchange of innovations applicable to the energy sector in argentina.

$7Kprogram expense
03

Organize events to promote argentinian culture and energy sector.

$1Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$184K · 67%
Other revenue$83K · 30%
Investment income$8K · 3%
Contributions & grants67%$184K
Other revenue30%$83K
Investment income3%$8K
Total revenueLn 12$275K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$85K
Management & general16%$16K
Total functional expensesLn 25$101K

Balance Sheet

Part X · end of year
CashLn 1$441K
Total assetsLn 16$465K
Total liabilitiesLn 26$6K
Total net assetsLn 32$459K
Months of cash on handcomputed52.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $441K · Operating expenses/yr $101K
52.2 months
Where the money goes
Program services
Program services $85K · Total expenses $101K
84%
Management & General
Management & general $16K · Total expenses $101K
16%
Fundraising
Fundraising $0 · Total expenses $101K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $187K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $184K · Total revenue $275K
67%
Government reliance
Government grants — · Total revenue $275K
Earned-income share
Program service revenue $0 · Total revenue $275K
0%
Investment reliance
Investment income $8K · Total revenue $275K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $101K
0%
Growth & trend
Revenue growth (YoY)
This year $275K · Prior year $184K
+49%
Net-asset trend (YoY)
End of year $459K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $275K · Expenses $101K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $465K
Net-asset ratio
Net assets $459K · Total assets $465K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $465K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emilio Acin · Reported title TREASURER · Highest reported compensation $0 · Total expenses $101K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $101K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 49%
Accounting fee ratio 17%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $114K · 2023–2024
Commission for Educational ExchangeDC · FY2024$63,000
Unitemized GrantFY2024$6,000
Unitemized GrantFY2023$30,000
Unitemized GrantFY2023$10,000
Unitemized GrantFY2023$5,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$275K revenue · viewing · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF
FY2022$59K revenue · ⤓ 990 PDF
FY2021$166K revenue · ⤓ 990 PDF
FY2020$17K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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