Ipaa Educational Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 52-1849282)

Revenue by fiscal year
FY2020	$492K
FY2021	$388K
FY2022	$301K
FY2023	$23K

Expenses by fiscal year
FY2020	$555K
FY2021	$429K
FY2022	$331K
FY2023	$89K

Net assets by fiscal year
FY2020	$138K
FY2021	$96K
FY2022	$66K
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $493K Management & general 11% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Barrett Russell

President/Ce

$0Pt VII · Sec A

Galen Cobb

Director

$0Pt VII · Sec A

W Byron Dunn

Director

$0Pt VII · Sec A

Steven B Hinchman

Vice Chairma

$0Pt VII · Sec A

Diemer D True

Director

$0Pt VII · Sec A

James H Wilkes

Director

$0Pt VII · Sec A

See Ipaa Educational Foundation executive salaries →

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

Educates the public about oil and gas, funding energy education programs.

Questions for Ipaa Educational Foundation

Tap to ask. Ipaa Educational Foundation sees how many people are interested.

Your first name shows with your question. Ipaa Educational Foundation answers here, for everyone.

1 program · $493K · in their own filed words · FY2020

01

The foundation supports various educational and charitable activities such as energy curricula, student competitions, and student externships. The foundation primarily supports education by providing oil and gas industry education in the following areas: 1. Award-winning high school petroleum academies 2.

$493Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Independent Petroleum Association of AmericaFY2023$13K

Amazonsmile FoundationFY2023$47

Total grants receivedfrom 2 funders$13K

Grants paid · 3 grants · $40K · 2020–2022

Unitemized GrantFY2022$5,850

Unitemized GrantFY2020$24,200

Unitemized GrantFY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$492K

Ln 12

Gifts and grantsLn 1h$543K

Fees for servicesLn 2g$20K

Investment incomeLn 3$375

Money outPt IX

$555K

Ln 25

Programscol B$493K

Managementcol C$62K

Owns and owesPt X

$138K

net assets · Ln 32

Cash and savingsLn 1–2$337K

Total assetsLn 16$354K

LiabilitiesLn 26$216K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$543K

Noncash giftsLn 1g$9K

Fundraising eventsLn 1c$131K

Fees for servicesLn 2g$20K

Investment incomeLn 3$375

Total revenueLn 12$492K

Assets in detailPt X, end of year

CashLn 1$337K

Cash and savings togetherLn 1–2$337K

Accounts receivableLn 4$2K

Prepaid expenses and deferred chargesLn 9$15K

Total assetsLn 16$354K

LiabilitiesLn 26$216K

Net assetsLn 32$138K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$318K	$337K
Total assetsLn 16	$356K	$354K
LiabilitiesLn 26	$154K	$216K
Net assetsLn 32	$201K	$138K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$4K	$4K
Grants to domestic individualsLn 2	$34K	$34K
Management feesLn 11a	$300K	$243K	$57K
Accounting feesLn 11c	$3K		$3K
Other fees for servicesLn 11g	$161K	$161K
Advertising and promotionLn 12	$1K	$1K
Office expensesLn 13	$8K	$7K	$1K
Information technologyLn 14	$3K	$3K
TravelLn 17	$17K	$17K
Conferences, conventions and meetingsLn 19	$22K	$22K
Other expenses (24a–d)Ln 24	$3K	$2K	$957
Total functional expensesLn 25	$555K	$493K	$62K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 LatestFiled with the IRS Sep 10, 2024	$23K	$89K	−$66K	$0	990 PDF
FY2022Filed with the IRS Nov 13, 2023	$301K	$331K	−$30K	$66K	990 PDF
FY2021Filed with the IRS Nov 7, 2022	$388K	$429K	−$42K	$96K	990 PDF
FY2020 ViewingFiled with the IRS Nov 9, 2021	$492K	$555K	−$63K	$138K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $491,644 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $756,885$543,289

I-9 Program service revenue$19,695

I-10 Investment incomePrior year $896$375

I-11 Other revenuePrior year −$112,590−$71,715

I-12 Total revenuePrior year $645,191$491,644

I-13 Grants and similar amounts paidPrior year $129,839$38,545

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $620,239$516,416

I-18 Total expensesPrior year $750,078$554,961

I-19 Revenue less expensesPrior year −$104,887−$63,317

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $491,644 across 9 lines filed

VIII-1c Fundraising events$130,816

VIII-1f All other contributions, gifts and grants$412,473

VIII-1g Noncash contributions (included above)$9,216

VIII-1h Total contributions, gifts and grants$543,289

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,695$19,695

VIII-3 Investment incomeRelated to mission $375$375

VIII-8 Net income from fundraising events−$72,715

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000$1,000

VIII-12 Total revenueRelated to mission $21,070$491,644

Part IX · Statement of functional expenses $554,961 across 11 lines filed

IX-1 Grants to domestic organizationsPrograms $4,345$4,345

IX-2 Grants to domestic individualsPrograms $34,200$34,200

IX-11a Management feesPrograms $243,205 · Management $56,795$300,000

IX-11c Accounting feesManagement $3,000$3,000

IX-11g Other fees for servicesPrograms $160,829$160,829

IX-12 Advertising and promotionPrograms $1,023$1,023

IX-13 Office expensesPrograms $6,593 · Management $1,378$7,971

IX-14 Information technologyPrograms $2,852$2,852

IX-17 TravelPrograms $16,567$16,567

IX-19 Conferences, conventions and meetingsPrograms $21,529$21,529

IX-24 Other expenses (24a–d)Programs $1,688 · Management $957$2,645

IX-25 Total functional expensesPrograms $492,831 · Management $62,130 · Fundraising $0$554,961

Part X · Balance sheet $353,998 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $317,995$336,856

X-4 Accounts receivable$2,400

X-9 Prepaid expenses and deferred chargesStart of year $37,848$14,742

X-16 Total assetsStart of year $355,843$353,998

X-25 Other liabilitiesStart of year $35,308$215,840

X-26 Total liabilitiesStart of year $154,368$215,840

X-27 Net assets without donor restrictionsStart of year $100,862$138,158

X-32 Total net assets or fund balancesStart of year $201,475$138,158

X-33 Total liabilities and net assetsStart of year $355,843$353,998

Part XI · Reconciliation of net assets $138,158 net assets at year end

XI-1 Total revenue$491,644

XI-2 Total expenses$554,961

XI-3 Revenue less expenses−$63,317

XI-4 Net assets at start of year$201,475

XI-10 Net assets at end of year$138,158

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Ipaa Educational Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ipaa Educational Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV