Wpc Organizing Committee FY2020 filing

Houston, TXUnknown exempt organizationEIN 83-2086205Revenue $3.0M in FY2020

On file with the IRS23wpchouston.com701 Avenida De Las Americas 200 · Houston, TX

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To design and deliver compelling engagement, exceptional hospitality and ease of access to every world petroleumcongress delegate while proudly telling the houston story to the world.

27¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $1.5M a year · 26% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
27%
of spending
Concern: 27% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15.5M
226% of total assets
Concern: liabilities are 226% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
Spent
$5.7M
To programs
27%
Net assets
−$8.6M
By yearFY2020–FY2023
Revenue
$3.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$17.9M
FY2022$2.2M
FY2023$0
Expenses
$5.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$10.2M
FY2022$1.2M
FY2023$11K
Net assets
−$8.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$8.6M
FY2021−$1.1M
FY2022−$35K
FY2023$0

From the FY2020 Form 990 · see the original

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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

27 cents of each dollar spent went to programs.

Program services 27% · $1.5M Management & general 48% · $2.8M Fundraising 25% · $1.4M

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

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Who runs it and what they're paid

15 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$410,621Pt VII · Sec A
Executive Vp-Congress Operations
$234,066Pt VII · Sec A
Director-Finance
$140,714Pt VII · Sec A
Director-Progect Managem
$138,696Pt VII · Sec A
Vp-Sales Administration
$115,043Pt VII · Sec A
Director-Marketing
$102,073Pt VII · Sec A
Former Vp-Congress Management
$100,824Pt VII · Sec A
President and CEO
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Sallie Sargent$396,631$462,747$410,621
Anthony Calanca—$157,103$234,066
Allison Sacco—$151,856$138,696
Nicholas Sharrard—$148,800—
Eric Maguran—$120,147$140,714
Ashley Matthews—$135,960$115,043
Melissa Potterbaum—$109,947$102,073
Connie Gray——$100,824

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.

See Wpc Organizing Committee 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Creates engaging experiences and shares Houston's story with global energy delegates.

Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

Program expenses in 2020 for the 23RD world petroleum congress, a technical conference, taking place in december 2021.

$1.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Fees for servicesLn 2g$3.0M
Other incomeLn 4–11$6K
Investment incomeLn 3$3K
Money outPt IX
$5.7M
Ln 25
Programscol B$1.5M
Managementcol C$2.8M
Fundraisingcol D$1.4M
Owns and owesPt X
−$8.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$6.9M
LiabilitiesLn 26$15.5M
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$3K
Other incomeLn 4–11$6K
Gains on assetsLn 7−$118
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$203K
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$6.9M
LiabilitiesLn 26$15.5M
Net assetsLn 32−$8.6M
OperationsPt I, VI
EmployeesI 515
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.9M$3.4M
Land, buildings, equipmentLn 10c$69K$40K
Total assetsLn 16$8.0M$6.9M
LiabilitiesLn 26$13.9M$15.5M
Net assetsLn 32−$6.0M−$8.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$645K$234K$411K
Other salaries and wagesLn 7$1.6M$393K$639K$604K
Management feesLn 11a$1.5M$500K$280K$709K
Legal feesLn 11b$141K$141K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$751K$400K$351K
Advertising and promotionLn 12$94K$94K
Office expensesLn 13$190K$190K
RoyaltiesLn 15$645K$645K
TravelLn 17$100K$42K$58K
Conferences, conventions and meetingsLn 19−$64K−$64K
InterestLn 20$25K$25K
Depreciation, depletion and amortizationLn 22$9K$3K$3K$3K
InsuranceLn 23$8K$8K
Total functional expensesLn 25$5.7M$1.5M$2.8M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$11K−$11K$0 990 PDF
FY2022 $2.2M$1.2M$1.0M−$35K 990 PDF
FY2021 $17.9M$10.2M$7.7M−$1.1M 990 PDF
FY2020 Viewing $3.0M$5.7M−$2.7M−$8.6M 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
See the full FY2020 990 (6 parts)
Part I · Summary $3,002,102 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,483,054$2,993,809
I-10 Investment incomePrior year $0$2,604
I-11 Other revenuePrior year $9,370$5,689
I-12 Total revenuePrior year $2,492,424$3,002,102
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 $2,297,303$2,279,676
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,149,951$3,412,546
I-18 Total expensesPrior year $8,447,254$5,692,222
I-19 Revenue less expensesPrior year −$5,954,830−$2,690,120
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,002,102 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,993,809$2,993,809
VIII-3 Investment incomeExcluded from tax $2,722$2,722
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$118−$118
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,689$5,689
VIII-12 Total revenueRelated to mission $2,999,498 · Unrelated business $0 · Excluded from tax $2,604$3,002,102
Part IX · Statement of functional expenses $5,692,222 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $234,066 · Management $410,621$644,687
IX-7 Other salaries and wagesPrograms $392,566 · Management $638,617 · Fundraising $603,806$1,634,989
IX-11a Management feesPrograms $500,000 · Management $280,259 · Fundraising $708,763$1,489,022
IX-11b Legal feesManagement $140,904$140,904
IX-11c Accounting feesManagement $24,675$24,675
IX-11g Other fees for servicesPrograms $400,422 · Management $350,852$751,274
IX-12 Advertising and promotionFundraising $93,632$93,632
IX-13 Office expensesManagement $190,477$190,477
IX-15 RoyaltiesManagement $645,000$645,000
IX-17 TravelManagement $41,798 · Fundraising $58,489$100,287
IX-19 Conferences, conventions and meetingsFundraising −$64,312−$64,312
IX-20 InterestManagement $24,862$24,862
IX-22 Depreciation, depletion and amortizationPrograms $3,060 · Management $2,820 · Fundraising $2,949$8,829
IX-23 InsuranceManagement $7,896$7,896
IX-25 Total functional expensesPrograms $1,530,114 · Management $2,758,781 · Fundraising $1,403,327$5,692,222
Part X · Balance sheet $6,870,530 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,730,442$3,197,378
X-2 Savings and temporary cash investmentsStart of year $200,000$202,722
X-4 Accounts receivableStart of year $4,969,048$3,418,396
X-9 Prepaid expenses and deferred chargesStart of year $13,206$12,243
X-10c Land, buildings and equipment, netStart of year $68,921$39,791
X-16 Total assetsStart of year $7,981,617$6,870,530
X-17 Accounts payable and accrued expensesStart of year $65,082$64,630
X-19 Deferred revenueStart of year $9,305,780$12,629,455
X-24 Unsecured notes and loans payableStart of year $2,497,000$380,000
X-25 Other liabilitiesStart of year $2,056,705$2,429,395
X-26 Total liabilitiesStart of year $13,936,447$15,515,480
X-27 Net assets without donor restrictionsStart of year −$5,954,830−$8,644,950
X-32 Total net assets or fund balancesStart of year −$5,954,830−$8,644,950
X-33 Total liabilities and net assetsStart of year $7,981,617$6,870,530
Part XI · Reconciliation of net assets −$8,644,950 net assets at year end
XI-1 Total revenue$3,002,102
XI-2 Total expenses$5,692,222
XI-3 Revenue less expenses−$2,690,120
XI-4 Net assets at start of year−$5,954,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$8,644,950

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

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