2024-10-14T19:54:25-05:00 2023-11-30 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2022-12-01 751575590 SPE FOUNDATION SPEF 9729529393 222 PALISADES CREEK DR RICHARDSON TX 750802040 STEVE BYRNE CHIEF FINANCIAL OFFICER 9729529393 2024-10-11 1 0 JOSEPHINE BEHREND P00715390 2108286281 2024-10-11 2022 2024-10-15 13:58:12Z JANEEN JUDAH 222 PALISADES CREEK DR RICHARDSON TX 750802040 1378772 0 X WWW.SPE.ORG/EN/FOUNDATION/ X 1977 TX TO HELP SUPPORT MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS AND STUDENT SCHOLARSHIPS FOR STUDENTS PURSUING AN EDUCATION IN PETROLEUM ENGINEERING. 32 32 0 32 0 0 118325 103552 0 0 417638 615524 0 0 535963 719076 699235 877309 0 0 0 0 0 0 11935 209125 206553 908360 1083862 -372397 -364786 10541618 10206766 854927 910498 9686691 9296268 SUPPORT THE MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS AND PROVIDE SCHOLARSHIPS TO STUDENTS PURSUING AN EDUCATION IN PETROLEUM ENGINEERING. 0 0 831309 831309 CONTRIBUTIONS TO THE SOCIETY OF PETROLEUM ENGINEERS TO SUPPORT MEMBER PROGRAMS FOR THE DISTINGUISHED LECTURER SERIES, LONG RANGE CALENDAR RE-WRITE AND TECHNICAL WBINARS 46000 46000 SCHOLARSHIPS PAID FROM THE ARCHIE FUND, NICO VAN WINGEN FUND, THE IMOMOH FUND, AND DON RUSSELL FUND. 84400 MANAGEMENT FEE TO SPE INC FOR PROVIDING SERVICES IN HANDLING THE SCHOLARSHIP COMMITTEES AND HANDLING THE VARIOUS MEMBER PROGRAMS. 961709 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 32 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 X STEVE BYRNE 9729529393 222 PALISADES CREEK DR RICHARDSON TX 750802040 X DR EGBERT IMOMOH PRESIDENT 1.00 X X 0 0 0 DR GANESH THAKUR PAST PRESIDENT 1.00 X X 0 0 0 MS JANEEN JUDAH TREASURER 1.00 X X 0 0 0 DR SAMI ABDUL AZIZ ALNUAIM SECRETARY 1.00 X X 0 0 0 MR BRUCE E BERNARD VICE PRESIDENT 1.00 X X 0 0 0 DR MEDHAT M KAMAL 2023 SPE PRESIDENT AS OF 10/2023 1.00 X X 0 0 0 DR KAMEL BEN-NACEUR 2022 SPE PRESIDENT THROUGH 09/2023 1.00 X X 0 0 0 MR ROGER ABEL TRUSTEE 1.00 X 0 0 0 DR ABDUL JALEEL AL-KHALIFA TRUSTEE 1.00 X 0 0 0 DR LYN ARSCOTT TRUSTEE 1.00 X 0 0 0 DR KATE HADLEY BAKER TRUSTEE 1.00 X 0 0 0 MR W C BARTON JR TRUSTEE 1.00 X 0 0 0 DR JEFFREY SPATH TRUSTEE 1.00 X 0 0 0 DR TOM BLASINGAME TRUSTEE 1.00 X 0 0 0 DR E A BREITENBACH TRUSTEE 1.00 X 0 0 0 DR WILLIAM M COBB TRUSTEE 1.00 X 0 0 0 MR JOHN A COLLIGAN TRUSTEE 1.00 X 0 0 0 DR BEHROOZ FATTAHI TRUSTEE 1.00 X 0 0 0 MR PETER D GAFFNEY TRUSTEE 1.00 X 0 0 0 MR DENNIS E GREGG TRUSTEE 1.00 X 0 0 0 MR HELGE H HALDORSEN TRUSTEE 1.00 X 0 0 0 MR T SCOTT HICKMAN TRUSTEE 1.00 X 0 0 0 MR JAMES R JORDEN TRUSTEE 1.00 X 0 0 0 MR ROY H KOERNER TRUSTEE 1.00 X 0 0 0 MR ALAIN LABASTIE TRUSTEE 1.00 X 0 0 0 DR D NATHAN MEEHAN TRUSTEE 1.00 X 0 0 0 MS SHAUNA NOONAN TRUSTEE 1.00 X 0 0 0 DR LEO ROODHART TRUSTEE 1.00 X 0 0 0 MR EDWARD E RUNYAN TRUSTEE 1.00 X 0 0 0 MR DARCY SPADY TRUSTEE 1.00 X 0 0 0 DR EVE SPRUNT TRUSTEE 1.00 X 0 0 0 MR ANDREW A YOUNG TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 SOCIETY OF PETROLEUM ENGINEERS (SPE) INC 222 PALISADES CREEK DR RICHARDSON TX 75080 MANAGEMENT SERVICES 125000 1 103552 103552 261637 261637 1013583 659696 353887 353887 353887 719076 0 0 615524 831309 831309 41000 41000 5000 5000 125000 84400 40600 33654 33654 12518 12518 11935 11935 23446 23446 1083862 961709 110218 11935 175323 197697 19021 19967 39100 41400 10308174 9947702 10541618 10206766 66425 53586 788502 856912 854927 910498 X 7679424 7213432 2007267 2082836 9686691 9296268 10541618 10206766 -364786 -25637 0 X 0 1 X 1 0 X 160454 156990 164059 118325 103552 703380 160454 156990 164059 118325 103552 703380 703380 395055 358807 378962 424919 261637 1819380 2522760 0.27880 0.29330 X THE ORGANIZATION IS BROADLY SUPPORTED AND HAS A DIVERSE BOARD OF DIRECTORS. THE ORGANIZATION'S PUBLIC SUPPORT PERCENTAGE IS BELOW THE 33-1/3% THRESHOLD. THE ORGANIZATION IS PURSUING FUNDRAISING EFFORTS TO BROADEN ITS SUPPORT AND INCREASE ITS PUBLIC SUPPORT PERCENTAGE. SPE FOUNDATION'S FUNRASING EFFORTS INCLUDE: THE FOUNDATION IS DOUBLING ITS VOLUNTARY DUES CHECK LIST DONATION TO THE FOUNDATION FROM $25 TO $50 EFFECTIVE FOR THE DUE'S MEMBERSHIP RENEWAL PROCESS FOR 2026 PROFESSIONAL MEMBERSHIP. THE FOUNDATION CONTINUES TO PROMOTE THE REACHING OUT MOVING FORWARD CAMPAIGN TO SPE MEMBERS SEEKING A $10,000 OR MORE OMEGA CONTRIBUTION TO SUPPORT SPE PROGRAMS. SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: CONTRIBUTION DATE: 12/31/17 AMOUNT: 250000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8254753 500744 46000 37568 8671929 9850362 -795574 41000 759035 8254753 10937655 870648 41000 1916941 9850362 10624262 1200 1054403 742210 10937655 10588465 1250 1132864 1098317 10624262 0.77590 0.09490 0.12920 0 0 0 X 680921 -25637 -25637 706558 12518 12518 719076 1071344 0 1071344 12518 12518 1083862 PART IV, LINE 2B: CHARITABLE FUNDS ARE HELD BY THE SOCIETY OF PETROLEUM ENGINEERS FOUNDATION FOR THE BENEFIT OF THE SPE GULF COAST SECTION SCHOLARSHIP FUND. PART V, LINE 4: THE FOUNDATION ENDOWED FUNDS ARE TO PROVIDE SCHOLARSHIPS TO STUDENTS IN PETROLEUM ENGINEERING UNDERGRADUATE AND GRADUATE PROGRAMS. THE FOUNDATION ALSO SUPPORTS VARIOUS MEMBER PROGRAMS OF THE SOCIETY OF PETROLEUM ENGINEERS INCLUDING THE DISTINGUISHED LECTURER PROGRAM AND WEBINARS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC. AS SUCH, CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS; HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. AT NOVEMBER 30, 2023 AND 2022, UNRELATED BUSINESS INCOME TAX, IF ANY, IS IMMATERIAL AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASC PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT/EXPENSE AND ASSET/LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. 1 0 0 0 0 0 0 0 0 0 SCHOLARSHIP RUSSIA AND NEIGHBORING STATES 1 5000 WIRE PAYMENT BOOK 0 0 0 0 0 0 PART I, LINE 2: THE SCHOLARSHIP RECIPIENT RECEIVES THE AWARD AND CAN UTILIZE THE FUNDS TO HELP COVER GRADUATE PROGRAM EXPENSES. PART III ACCOUNTING METHOD: 1 SOCIETY OF PETROLEUM ENGINEERS 222 PALISADES CREEK DR RICHARDSON TX 75080 752001539 501(C)3 831309 0 MEMBER PROGRAM SUPPORT 1 0 GUS ARCHIE SCHOLARSHIP 4 20000 NICO VAN WINGEN SCHOLARSHIP 1 5000 IMOMOH SCHOLARSHIP 4 8000 RUSSELL SCHOLARSHIP 2 8000 PART I, LINE 2: GRANT FUND DISTRIBUTIONS FOR SPE SUPPORT AND SPE FOUNDATION SCHOLARSHIP PROGRAMS ARE APPROVED BY THE SPE FOUNDATION BOARD OF TRUSTEES DURING THE ANNUAL BUDGET APPROVAL PROCESS. PART II SOCIETY OF PETROLEUM ENGINEERS (SPE) INC. CONTRIBUTIONS ARE TO SUPPORT THE DISTINGUISHED LECTURER PROGRAM AND TECHNICAL WEBINARS. PART III SCHOLARSHIPS ARE AWARDED BASED ON STATED QUALIFICATIONS AND ARE MONITORED THROUGH REQUIRED SUBMISSION OF GRADES AND PROOF OF ENROLLMENT. FORM 990, PART IV, LINE 33 SPE FOUNDATION HAS A CLOSE RELATIONSHIP WITH THE SOCIETY OF PETROLEUM ENGINEERS, INC. HOWEVER, THE ENTITIES DO NOT MEET THE DEFINITION OF RELATED ORGANIZATIONS FOR PURPOSES OF FORM 990, SCHEDULE R. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS; THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, RSM US LLP, AND IS REVIEWED BY THE SOCIETY OF PETROLEUM ENGINEERS CFO AND TREASURER OF THE SPE FOUNDATION. PRIOR TO FILING WITH THE IRS, THE BOARD IS PROVIDED A COPY OF THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION GUARDS AGAINST CONFLICTS OF INTEREST BY ESTABLISHING AN INDEPENDENT BOARD OF TRUSTEES AND NOT ENTERING INTO AGREEMENTS OR ENGAGING IN TRANSACTIONS WHICH HAVE THE POTENTIAL TO GIVE RISE TO SUCH CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 TAX RETURN AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.