2024-09-10T13:27:09-04:00 2023-12-31 274032675 JBS & COMPANY LLC 101 LOG CANOE CIR STE D STEVENSVILLE MD 21666 990 2023-01-01 521849282 IPAA EDUCATIONAL FOUNDATION IPAA 2028574722 1201 15TH STREET NW SUITE 450 WASHINGTON DC 20005 C JEFFREY ESHELMAN PRESIDENT/CEO 2028574722 2024-08-25 true true J BRIAN STITCHER CPA P00082903 4109566902 2024-08-15 2023 2024-08-08 14:25:15Z X C JEFFREY ESHELMAN 1201 15TH STREET NW NO 450 WASHINGTON DC 20005 22844 false X WWW.IPAA.ORG X 1993 DC THE FOUNDATION SUPPORTS PROGRAMS THAT EDUCATE THE PUBLIC ABOUT THE OIL AND NATURAL GAS INDUSTRY AND PROVIDES GRANTS TO CHARITABLE AND EDUCATION PROGRAMS, PARTICULARLY RELATED TO ENERGY EDUCATION. X 2 2 0 0 284220 22841 16735 0 12 3 0 300967 22844 5850 0 0 0 0 0 325026 89279 330876 89279 -29909 -66435 107257 0 40822 0 66435 0 X THE FOUNDATION SUPPORTS PROGRAMS THAT EDUCATE THE PUBLIC ABOUT THE OIL AND NATURAL GAS INDUSTRY AND PROVIDES GRANTS TO CHARITABLE AND EDUCATION PROGRAMS, PARTICULARLY RELATED TO ENERGY EDUCATION. false true 76243 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. MIDDLE SCHOOL STEM CAREER EXPLORATION INITIATIVE 3. OIL & GAS COURSES 76243 true true false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false true false false true false false false true 3 0 true 0 false false false false false false false false false false false false false false X 2 2 false false false false false false false true true false false false true true true false true true true false X C JEFFREY ESHELMAN 2028574722 1201 15TH STREET NW NO 450 WASHINGTON DC 20005 C JEFFREY ESHELMAN PRESIDENT/CE 1.00 X X 0 350000 32417 DANIEL NAATZ TREASURER/SE 1.00 X X 0 310300 34114 STEVEN PRUETT CHAIRMAN 1.00 X 0 0 0 660300 66531 false true false 22841 22841 3 3 22844 3 X 42499 37193 5306 2674 2674 4100 4100 27500 27500 6750 6750 AWARDS 4800 4800 BANK SERVICE CHARGES 956 956 89279 76243 13036 0 100507 6750 107257 0 4647 36175 40822 0 X 66435 66435 0 107257 0 -66435 X false true X true false X 644295 490269 357304 284220 22841 1798929 644295 490269 357304 284220 22841 1798929 416465 1382464 896 375 24 12 3 1310 1800239 152203 0.76790 0.68440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false C JEFFREY ESHELMAN PRESIDENT/CEO 350000 19500 12917 382417 DANIEL NAATZ TREASURER/SECRETARY 310000 300 18650 15464 344414 false false false false true true true false SCHEDULE N ASSETS WERE EXHAUSTED BEFORE DISSOLUTION. SEE ATTACHED CERTIFICATE OF DISSOLUTION WITH EFFECTIVE DATE 12/21/2023. FORM 990, PAGE 2, PART III, LINE 3 THE COMPANY WAS DISSOLVED IN DECEMBER OF 2023. ALL PROGRAM SERVICES CEASED IN JUNE 2023. PRIOR TO DISSOLUTION, THE ORGANIZATION'S ASSETS WERE EXHAUSTED FOR CHARITABLE PURPOSES. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION EMPLOYS AN OUTSIDE CPA FIRM TO PREPARE FORM 990. UPON COMPLETION, A DRAFT IS EMAILED TO THE ORGANIZATION'S CFO FOR REVIEW. ANY NECESSARY CHANGES ARE THEN MADE BY THE CPA FIRM. THE FINAL FORM IS SENT TO THE CFO WHO ENSURES THAT THE PRESIDENT SIGNS AND FILES THE FORM 990 WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S PRESIDENT MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY AND DOES NOT ALLOW ANY RELATIONSHIPS WHICH VIOLATE SUCH POLICY. FORM 990, PAGE 6, PART VI, LINE 15A MANAGEMENT RESPONSIBILITIES OF THE IPAA EDUCATIONAL FOUNDATION ARE PERFORMED BY THE MANAGEMENT OF A RELATED ENTITY (THE INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA). IN EXCHANGE FOR THESE SERVICES, THE FOUNDATION PAYS AN ADMINISTRATIVE FEE TO THIS RELATED ENTITY. FORM 990, PAGE 6, PART VI, LINE 15B MANAGEMENT RESPONSIBILITIES OF THE IPAA EDUCATIONAL FOUNDATION ARE PERFORMED BY THE MANAGEMENT OF A RELATED ENTITY (THE INDEPENDENT PETROLEUM ASSOCIATION OF AMERICA). IN EXCHANGE FOR THESE SERVICES, THE FOUNDATION PAYS AN ADMINISTRATIVE FEE TO THIS RELATED ENTITY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTANT FEES 27,500 0 0 INDEP PETROLEUM ASSOC OF AMERICA 1201 15TH STREET NW SUITE 450 WASHINGTON DC 20005 730296927 TRADE ASSN OK 501C 6 N/A false false false true false false false false false false false false false false false true true false false false IPAA 670227 O 42499 ACTUAL COST IPAA 200731 P 42499 ADMIN. FEES IPAA C 12733 ACTUAL COST SCHEDULE R IN 2023, I.P.A.A, A RELATED PARTY, FORGAVE THE ORGANIZATION (IPAA EDUCATIONAL FOUNDATION) OF THE REMAINING BALANCE OF ITS PAYABLE. THIS FORGIVENESS OF DEBT IS THUS TREATED AS A CONTRIBUTION IN 2023.