Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $48K paid to officers and key staff.
Chris Welsh’s $30K as COO & Director is at the 15th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Randy Dutton | — | — | — | — | $46,200 |
| Chris Welsh | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Mimi Stansbury | $18,000 | $18,000 | $18,000 | $18,000 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops industry standards for efficient electronic business in oil and gas.
Questions for Petroleum Industry Data Exchange
Your first name shows with your question. Petroleum Industry Data Exchange answers here, for everyone.
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Development of Standards
Project work groups are formed when a "business need" is identified, supported by the volunteer groups who want to address the need, and follow a pre-defined process to develop the standard.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $392K | $387K |
| Land, buildings, equipmentLn 10c | $3K | $1K |
| Total assetsLn 16 | $405K | $401K |
| LiabilitiesLn 26 | $190K | $172K |
| Net assetsLn 32 | $215K | $229K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $48K | |||
| Other salaries and wagesLn 7 | $143K | |||
| Pension plan contributionsLn 8 | $8K | |||
| Other employee benefitsLn 9 | $15K | |||
| Payroll taxesLn 10 | $12K | |||
| Legal feesLn 11b | $25K | |||
| Accounting feesLn 11c | $9K | |||
| Other fees for servicesLn 11g | $4K | |||
| Advertising and promotionLn 12 | $2K | |||
| Office expensesLn 13 | $3K | |||
| Information technologyLn 14 | $17K | |||
| OccupancyLn 16 | $10K | |||
| Conferences, conventions and meetingsLn 19 | $364 | |||
| Depreciation, depletion and amortizationLn 22 | $2K | |||
| InsuranceLn 23 | $18K | |||
| Other expenses (24a–d)Ln 24 | $381 | |||
| Total functional expensesLn 25 | $316K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $288K | $279K | $9K | $234K | 990 PDF |
| FY2023 | $324K | $334K | −$9K | $225K | 990 PDF |
| FY2022 | $344K | $339K | $5K | $234K | 990 PDF |
| FY2021 Viewing | $331K | $316K | $15K | $229K | 990 PDF |
| FY2020 | $344K | $409K | −$65K | $215K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $330,812 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $330,812 across 3 lines filed
Part IX · Statement of functional expenses $316,236 across 16 lines filed
Part X · Balance sheet $400,798 assets, 11 lines filed
Part XI · Reconciliation of net assets $229,214 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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