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Ok TX Panhandle Chapter Iadc FY2024 filing

Oklahoma City, OKUnknown exempt organizationEIN 73-1080839

The Oklahoma Texas Panhandle Chapter of the IADC is an organization based in Oklahoma City and comprised of members of local oil and natural gas drilling companies. Our primary purpose is to educate our industry through monthly luncheons where speakers discuss current issues.

24¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
24%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
7 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Do they carry debt?
$0
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 6 voting board members
Pt VI · Ln 1a–1b
Revenue
$353K
+81% vs prior year
Spent
$305K
To programs
24%
Net assets
$171K
By yearFY2020–FY2025
Revenue
$353K
FY2024▲ +81%
Revenue by fiscal year
FY2020$43K
FY2021$49K
FY2022$184K
FY2023$195K
FY2024$353K
FY2025$359K
Expenses
$305K
FY2024▲ +92%
Expenses by fiscal year
FY2020$47K
FY2021$39K
FY2022$158K
FY2023Not on file
FY2024$305K
FY2025$286K
Net assets
$171K
FY2024▼ -51%
Net assets by fiscal year
FY2020$313K
FY2021$322K
FY2022$342K
FY2023$350K
FY2024$171K
FY2025$244K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item COk TX Panhandle Chapter Iadc
EINHdr · item D73-1080839
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item COklahoma City, OK
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.24 Fundraising $0.76
Program services24%$73K
Fundraising76%$232K
Total functional expensesLn 25$305K

Financial health

Is it on solid ground?

Surplus margin
+14%
revenue over expenses, this year
Program spending
24%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$171K
FY2024▼ -50%
Total assets by fiscal year
FY2020$313K
FY2021$322K
FY2022$342K
FY2023Not on file
FY2024$171K
FY2025$244K
Total liabilities
$0
FY2024
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023Not on file
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$48K
Total assetsPt X · Ln 16$171K
Program-expense ratioPt IX · col B24%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$171K
Total assetsLn 16$171K
Total liabilitiesLn 26$0
Total net assetsLn 32$171K
Months of cash on handcomputed6.7

Statement of Revenue

Part VIII
Contributions & grants100%$353K
Total revenueLn 12$353K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $171K · Operating expenses/yr $305K
6.7 months
Where the money goes
Program services
Program services $73K · Total expenses $305K
24%
Management & General
Management & general $0 · Total expenses $305K
0%
Fundraising
Fundraising $232K · Total expenses $305K
76%
Cost to raise $1
Fundraising expense (2-yr avg) $116K · Solicited contributions (2-yr avg) $268K
$0.43 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $353K · Total revenue $353K
100%
Government reliance
Government grants — · Total revenue $353K
—
Earned-income share
Program service revenue $0 · Total revenue $353K
0%
Investment reliance
Investment income $0 · Total revenue $353K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $305K
0%
Growth & trend
Revenue growth (YoY)
This year $353K · Prior year $195K
+81%
Revenue CAGR
FY2020 $43K · FY2024 $353K
+69%
Net-asset trend (YoY)
End of year $171K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $353K · Expenses $305K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $171K
—
Net-asset ratio
Net assets $171K · Total assets $171K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $171K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jacob Bruster · Reported title Chairman · Highest reported compensation $0 · Total expenses $305K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $305K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 24%——
Overhead ratio 0%——
Fundraising cost ratio 66%——
Revenue growth 81%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Travis Weaver
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Emily Massey
Secretary
$0Pt VII · Sec A
Bary Holleyman
Scholarships
$0Pt VII · Sec A
Davi Porter
Social Media
$0Pt VII · Sec A
See Ok TX Panhandle Chapter Iadc executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates oil and gas drilling industry members through monthly speaker luncheons.

Provided by the organization

This section is blank until Ok TX Panhandle Chapter Iadc claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $73K of program spending, described in the organization's own filed words · FY2024.
01

Awarded $48,000 in scholarships to students, helped students travel to an industry event, held events to support local industry professionals and educate them on current issues.

$73Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $183K · 2020–2025
Unitemized GrantFY2025$54,000
Unitemized GrantFY2025$5,000
Unitemized GrantFY2024$54,080
Unitemized GrantFY2022$34,000
Unitemized GrantFY2020$35,500

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $359K$286K+2% 990 PDF
FY2024 Viewing $353K$305K+81% 990 PDF
FY2023 $195K—+6% 990 PDF
FY2022 $184K$158K+276% 990 PDF
FY2021 $49K$39K+13% 990 PDF
FY2020 $43K$47K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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