Wpc Organizing Committee FY2022 filing

Houston, TXUnknown exempt organizationEIN 83-2086205Revenue $2.2M in FY2022

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.

46¢ of each $1 spent went to programs.
$397K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$397K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
370% of total assets
Concern: liabilities are 370% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-88% vs prior year
Spent
$1.2M
To programs
46%
Net assets
−$35K
By yearFY2020–FY2023
Revenue
$2.2M
FY2022▼ -88%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$17.9M
FY2022$2.2M
FY2023$0
Expenses
$1.2M
FY2022▼ -89%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$10.2M
FY2022$1.2M
FY2023$11K
Net assets
−$35K
FY2022▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2020−$8.6M
FY2021−$1.1M
FY2022−$35K
FY2023$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

46 cents of each dollar spent went to programs.

Program services 46% · $531K Management & general 32% · $363K Fundraising 22% · $258K

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; $397K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Operating Officer
$396,631Pt VII · Sec A
Director/Finance Committee
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
Director-Progect Managem
$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.

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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

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

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Provided by the organization

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1 program · $531K · in their own filed words · FY2022
01

Program expenses in 2022 for the 23RD world petroleum congress, a technical conference, taking place in december 2022.

$531Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Other incomeLn 4–11$2.2M
Fees for servicesLn 2g$28K
Investment incomeLn 3$2
Money outPt IX
$1.2M
Ln 25
Programscol B$531K
Managementcol C$363K
Fundraisingcol D$258K
Owns and owesPt X
−$35K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$13K
LiabilitiesLn 26$48K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$28K
Investment incomeLn 3$2
Other incomeLn 4–11$2.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$0
Cash and savings togetherLn 1–2$13K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$13K
LiabilitiesLn 26$48K
Net assetsLn 32−$35K
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 FY22End FY22
Cash and savingsLn 1–2$4.4M$13K
Land, buildings, equipmentLn 10c$31K$0
Total assetsLn 16$4.8M$13K
LiabilitiesLn 26$5.8M$48K
Net assetsLn 32−$1.1M−$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$734K$482K$219K$32K
Other employee benefitsLn 9$24K$24K
Legal feesLn 11b$70K$70K
Other fees for servicesLn 11g$206K$13K$18K$175K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$11K$11K
Information technologyLn 14$8K$8K
OccupancyLn 16$4K$4K
TravelLn 17$28K$2K$26K
Conferences, conventions and meetingsLn 19$9K$9K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$31K$11K$10K$10K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$1.2M$531K$363K$258K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$11K−$11K$0 990 PDF
FY2022 Viewing $2.2M$1.2M$1.0M−$35K 990 PDF
FY2021 $17.9M$10.2M$7.7M−$1.1M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $2,188,121 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $17,405,164$27,900
I-10 Investment incomePrior year $1,412$2
I-11 Other revenuePrior year $451,533$2,160,219
I-12 Total revenuePrior year $17,858,109$2,188,121
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 $1,948,602$757,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,234,917$394,351
I-18 Total expensesPrior year $10,183,519$1,151,591
I-19 Revenue less expensesPrior year $7,674,590$1,036,530
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $2,188,121 across 3 lines filed
Lines not itemized here account for $2 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,900$27,900
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,160,219$2,160,219
VIII-12 Total revenueRelated to mission $2,188,119 · Unrelated business $0 · Excluded from tax $2$2,188,121
Part IX · Statement of functional expenses $1,151,591 across 14 lines filed
IX-7 Other salaries and wagesPrograms $482,200 · Management $219,231 · Fundraising $32,295$733,726
IX-9 Other employee benefitsPrograms $23,514$23,514
IX-11b Legal feesManagement $69,916$69,916
IX-11g Other fees for servicesPrograms $13,249 · Management $18,151 · Fundraising $175,000$206,400
IX-12 Advertising and promotionFundraising $4,562$4,562
IX-13 Office expensesManagement $11,092$11,092
IX-14 Information technologyManagement $8,478$8,478
IX-16 OccupancyManagement $4,371$4,371
IX-17 TravelManagement $1,564 · Fundraising $26,078$27,642
IX-19 Conferences, conventions and meetingsFundraising $9,333$9,333
IX-20 InterestManagement $6,000$6,000
IX-22 Depreciation, depletion and amortizationPrograms $10,728 · Management $9,885 · Fundraising $10,336$30,949
IX-23 InsurancePrograms $1,350$1,350
IX-24 Other expenses (24a–d)Management $14,258$14,258
IX-25 Total functional expensesPrograms $531,041 · Management $362,946 · Fundraising $257,604$1,151,591
Part X · Balance sheet $12,950 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,190,250$12,950
X-2 Savings and temporary cash investmentsStart of year $204,133$0
X-4 Accounts receivableStart of year $336,795$0
X-9 Prepaid expenses and deferred chargesStart of year $9,804$0
X-10c Land, buildings and equipment, netStart of year $30,946$0
X-16 Total assetsStart of year $4,771,928$12,950
X-17 Accounts payable and accrued expensesStart of year $1,616,277$0
X-24 Unsecured notes and loans payableStart of year $319,295$0
X-25 Other liabilitiesStart of year $3,907,852$47,916
X-26 Total liabilitiesStart of year $5,843,424$47,916
X-27 Net assets without donor restrictionsStart of year −$1,071,496−$34,966
X-32 Total net assets or fund balancesStart of year −$1,071,496−$34,966
X-33 Total liabilities and net assetsStart of year $4,771,928$12,950
Part XI · Reconciliation of net assets −$34,966 net assets at year end
XI-1 Total revenue$2,188,121
XI-2 Total expenses$1,151,591
XI-3 Revenue less expenses$1,036,530
XI-4 Net assets at start of year−$1,071,496
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$34,966

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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