Iadc Latin America Chapter

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The Iadc Latin America Chapter is organized exclusively as a business league within the meanin of section 501(c)(6) of the internal revenue code to promote the common business interests of its members in the oil and gas sector.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
1060 mo
of spending, in cash
Looks good: 1059.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$85K
Spent
$949
To programs
0%
Net assets
$84K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $949

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP - Offshore
$0Pt VII · Sec A
VP - Onshore
$0Pt VII · Sec A
VP - Affiliates
$0Pt VII · Sec A
See Iadc Latin America Chapter executive salaries →

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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 15aNo

Programs and updates

Promotes common business interests for oil and gas sector members.

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Provided by the organization

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1 program · $949 · in their own filed words · FY2025
01

To organize courses, seminars, conferences, and industry-related events for professional development and knowledge-sharing.

$949program expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$85K
Ln 12
Fees for servicesLn 2g$85K
Money outPt IX
$949
Ln 25
Managementcol C$949
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$85K
Total revenueLn 12$85K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$84K
Total assetsLn 16$0$84K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$600$600
Other fees for servicesLn 11g$190$190
Office expensesLn 13$159$159
Total functional expensesLn 25$949$0$949$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $85K$949$84K$84K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $84,766 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$84,766
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$84,766
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$949
I-18 Total expensesPrior year $0$949
I-19 Revenue less expensesPrior year $0$83,817
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $84,766 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,766$84,766
VIII-12 Total revenueRelated to mission $84,766 · Unrelated business $0 · Excluded from tax $0$84,766
Part IX · Statement of functional expenses $949 across 3 lines filed
IX-11c Accounting feesManagement $600$600
IX-11g Other fees for servicesManagement $190$190
IX-13 Office expensesManagement $159$159
IX-25 Total functional expensesPrograms $0 · Management $949 · Fundraising $0$949
Part X · Balance sheet $83,817 assets, 5 lines filed
X-1 Cash, non-interest-bearing$83,817
X-16 Total assetsStart of year $0$83,817
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$83,817
X-33 Total liabilities and net assetsStart of year $0$83,817
Part XI · Reconciliation of net assets $83,817 net assets at year end
XI-1 Total revenue$84,766
XI-2 Total expenses$949
XI-3 Revenue less expenses$83,817
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,817

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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