2024-11-15T09:19:04-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 130433430 AMERICAN PETROLEUM INSTITUTE AMER 2026828000 200 MASSACHUSETTS AVE NW 1100 WASHINGTON DC 20001 AMY KRIZ VICE PRESIDENT & CFO 2026828000 2024-11-12 0 0 ROBERT WILLIAMS P01345960 5712279500 2024-11-12 2023 2024-10-15 13:58:12Z MICHAEL J SOMMERS 200 MASSACHUSETTS AVE NW 1100 WASHINGTON DC 20001 283385820 0 X WWW.API.ORG X 1919 DC SEE FORM 990, PART III, LINE 1 FOR COMPLETE MISSION STATEMENT 43 42 369 20000 0 0 0 0 213451127 235117523 -523368 1446290 26464633 30991674 239392392 267555487 136780 229626 0 0 72895468 78635308 0 0 0 168605013 179451547 241637261 258316481 -2244869 9239006 119268843 122917046 144867593 133697455 -25598750 -10780409 X THE MISSION OF AMERICAN PETROLEUM INSTITUTE (API) IS TO PROMOTE SAFETY ACROSS THE INDUSTRY GLOBALLY AND TO INFLUENCE PUBLIC POLICY IN SUPPORT OF A STRONG, VIABLE U.S. OIL AND NATURAL GAS INDUSTRY. 0 0 ADVOCACY - API SPEAKS FOR THE OIL AND NATURAL GAS INDUSTRY BEFORE CONGRESS, THE EXECUTIVE BRANCH OF GOVERNMENT, STATE LEGISLATURES, AND THE MEDIA. IT NEGOTIATES WITH REGULATORY AGENCIES, REPRESENTS THE INDUSTRY IN LEGAL PROCEEDINGS, PARTICIPATES IN COALITIONS, AND WORKS IN PARTNERSHIP WITH OTHER ASSOCIATIONS TO ACHIEVE ITS MEMBERS' PUBLIC POLICY GOALS. RESEARCH AND STATISTICS - API CONDUCTS OR SPONSORS RESEARCH RANGING FROM ECONOMIC ANALYSES TO TOXICOLOGICAL TESTING. API COLLECTS, MAINTAINS, AND PUBLISHES STATISTICS AND DATA ON U.S. INDUSTRY OPERATIONS, INCLUDING SUPPLY AND DEMAND FOR VARIOUS PRODUCTS, IMPORTS AND EXPORTS, DRILLING ACTIVITIES AND COSTS, AND WELL COMPLETIONS. THIS DATA PROVIDES TIMELY INDICATORS OF INDUSTRY TRENDS. STANDARDS - FOR MORE THAN 100 YEARS, API HAS LED THE DEVELOPMENT OF PETROLEUM, NATURAL GAS AND PETROCHEMICAL EQUIPMENT AND OPERATING STANDARDS. THESE REPRESENT THE INDUSTRY'S COLLECTIVE WISDOM ON EVERYTHING FROM DRILL BITS TO ENVIRONMENTAL PROTECTION AND EMBRACE PROVEN, SOUND ENGINEERING AND OPERATING PRACTICES AND SAFE, INTERCHANGEABLE EQUIPMENT AND MATERIALS. API MAINTAINS OVER 800 STANDARDS AND RECOMMENDED PRACTICES. MANY HAVE BEEN INCORPORATED INTO STATE AND FEDERAL REGULATIONS AND THEY ARE ALSO THE MOST WIDELY CITED STANDARDS BY THE INTERNATIONAL REGULATORY COMMUNITY. CERTIFICATION - EACH DAY, THE OIL AND NATURAL GAS INDUSTRY DEPENDS ON EQUIPMENT TO PRODUCE, REFINE, AND DISTRIBUTE ITS PRODUCTS. THE EQUIPMENT USED IS SOME OF THE MOST TECHNOLOGICALLY ADVANCED AVAILABLE IN THE SEARCH FOR OIL AND GAS AND ALLOWS THE INDUSTRY TO OPERATE IN AN ENVIRONMENTALLY SAFE MANNER. DESIGNED FOR MANUFACTURERS OF PRODUCTION, DRILLING, AND REFINERY EQUIPMENT, THE API MONOGRAM PROGRAM VERIFIES THAT MANUFACTURERS ARE OPERATING IN COMPLIANCE WITH INDUSTRY STANDARDS. API ALSO PROVIDES QUALITY, ENVIRONMENTAL, AND OCCUPATIONAL HEALTH AND SAFETY MANAGEMENT SYSTEMS CERTIFICATION THROUGH ITS API QUALITY REGISTRAR PROGRAM. API ALSO CERTIFIES INSPECTORS OF INDUSTRY EQUIPMENT THROUGH ITS INDIVIDUAL CERTIFICATION PROGRAMS. API OFFERS A WITNESSING PROGRAM TO OBSERVE CRITICAL MATERIAL AND EQUIPMENT TESTING AND VERIFICATION. API TRAINING OFFERS OIL AND GAS PROFESSIONALS COMPREHENSIVE ELEARNING AND INSTRUCTOR-LED TRAINING COURSES ON API STANDARDS AND OTHER IMPORTANT INDUSTRY TOPICS. API'S WORKSAFE PROGRAM IS A SERVICE STATION CONTRACTOR SAFETY QUALIFICATION PROGRAM THAT IDENTIFIES PERSONNEL WHO HAVE RECEIVED TRAINING FOR AND PASSED STANDARDIZED EXAMS COVERING THE LATEST SERVICE STATION INDUSTRY SAFETY PRACTICES. API ALSO OPERATES A CERTIFICATION PROGRAM FOR MOTOR OILS THAT MEET API'S PUBLISHED PERFORMANCE STANDARDS FOR BOTH GASOLINE AND DIESEL ENGINES. EVENTS AND TRAINING - API ORGANIZES SEMINARS, WORKSHOPS, CONFERENCES, AND SYMPOSIA ON ISSUES VITAL TO THE INDUSTRY'S LIVELIHOOD. IT PROVIDES TRAINING MATERIALS THAT HELP PROFESSIONALS IN THE OIL AND GAS BUSINESS MEET REGULATORY REQUIREMENTS AND INDUSTRY STANDARDS. SAFETY - THE CENTER FOR OFFSHORE SAFETY IS AN INDUSTRY SPONSORED PROGRAM THAT WAS ESTABLISHED TO PROVIDE TOOLS, PEER LEARNING OPPORTUNITIES, GOOD PRACTICES AND SUPPORT FOR COMPANIES OPERATING ON THE U.S. OUTER CONTINENTAL SHELF. API'S SYSTEM PROGRAMS SAFETY ASSESSMENTS, INCLUDING THE PROCESS SAFETY SITE ASSESSMENT PROGRAM (PSSAP) AND THE PIPELINE SAFETY MANAGEMENT SYSTEM (SMS) ASSESSMENT PROGRAM, PROVIDE FOR INDEPENDENT ASSESSMENT BY CREDIBLE, THIRD-PARTY SAFETY EXPERTS OF A REFINERY'S (PSSAP) OR AN OPERATOR'S (PIPELINE SMS) SAFETY MANAGEMENT SYSTEMS BASED UPON API'S STANDARDS AND RECOMMENDED PRACTICES. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 333 0 369 1 0 1 BR CH 0 0 0 0 1 0 X 43 42 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X AMY KRIZ 2026828000 200 MASSACHUSETTS AVE NW 1100 WASHINGTON DC 20001 MICHAEL J SOMMERS PRESIDENT AND CEO 40.00 X X 9862747 0 864324 MICHAEL K WIRTH CHAIRMAN OF THE BOARD 0.50 X X 0 0 0 JOHN J CHRISTMANN BOARD MEMBER & CHAIR FIN CMTE 0.50 X X 0 0 0 ORLANDO ALVAREZ BOARD MEMBER - START OCT 2023 0.50 X 0 0 0 ALAN S ARMSTRONG BOARD MEMBER 0.50 X 0 0 0 WILLIE CHIANG BOARD MEMBER 0.50 X 0 0 0 GREGORY L EBEL BOARD MEMBER - START MAR 2023 0.50 X 0 0 0 SANDY ESSLEMONT BOARD MEMBER 0.50 X 0 0 0 W RANDALL FOWLER BOARD MEMBER 0.50 X 0 0 0 ANN G FOX BOARD MEMBER 0.50 X 0 0 0 JACK A FUSCO BOARD MEMBER 0.50 X 0 0 0 CHRIS GOLDEN BOARD MEMBER 0.50 X 0 0 0 MIKE J HENNIGAN BOARD MEMBER 0.50 X 0 0 0 JOHN B HESS BOARD MEMBER 0.50 X 0 0 0 STEPHEN L HIGHTOWER BOARD MEMBER 0.50 X 0 0 0 VICKI HOLLUB BOARD MEMBER 0.50 X 0 0 0 W HERBERT HUNT BOARD MEMBER 0.50 X 0 0 0 ROGER HUTSON BOARD MEMBER 0.50 X 0 0 0 ROGER W JENKINS BOARD MEMBER 0.50 X 0 0 0 THOMAS E JORDEN BOARD MEMBER 0.50 X 0 0 0 TRACY W KROHN BOARD MEMBER 0.50 X 0 0 0 RYAN M LANCE BOARD MEMBER 0.50 X 0 0 0 MATTHEW LANIGAN BOARD MEMBER 0.50 X 0 0 0 RODERICK D LARSON BOARD MEMBER 0.50 X 0 0 0 MARK E LASHIER BOARD MEMBER 0.50 X 0 0 0 DAVID LAWLER BOARD MEMBER - LEFT OCT 2023 0.50 X 0 0 0 OLIVIER LE PEUCH BOARD MEMBER 0.50 X 0 0 0 MELANIE LITTLE BOARD MEMBER - START MAR 2023 0.50 X 0 0 0 JEFFREY W MARTIN BOARD MEMBER 0.50 X 0 0 0 BRENDAN MCCRACKEN BOARD MEMBER 0.50 X 0 0 0 JEFF MILLER BOARD MEMBER 0.50 X 0 0 0 RICHARD E MUNCRIEF BOARD MEMBER 0.50 X 0 0 0 MEG E O'NEILL BOARD MEMBER 0.50 X 0 0 0 DOUGLAS J PFERDEHIRT BOARD MEMBER 0.50 X 0 0 0 FRANCOIS POIRIER BOARD MEMBER 0.50 X 0 0 0 FERDINANDO RIGARDO BOARD MEMBER 0.50 X 0 0 0 JEFFREY RINKER BOARD MEMBER 0.50 X 0 0 0 LORENZO SIMONELLI BOARD MEMBER 0.50 X 0 0 0 TRAVIS D STICE BOARD MEMBER 0.50 X 0 0 0 ARJA TALAKAR BOARD MEMBER - LEFT MAY 2023 0.50 X 0 0 0 LEE M TILLMAN BOARD MEMBER 0.50 X 0 0 0 MICHAEL P URE BOARD MEMBER 0.50 X 0 0 0 GRETCHEN H WATKINS BOARD MEMBER 0.50 X 0 0 0 BILL WAY BOARD MEMBER 0.50 X 0 0 0 DARREN W WOODS BOARD MEMBER 0.50 X 0 0 0 KAREN B WRIGHT BOARD MEMBER 0.50 X 0 0 0 SHANNON DIBARI SR VP, BUS OPERATIONS & STRATEGY 40.00 X 714007 0 271047 RYAN P MEYERS SR VP & CHIEF LEGAL OFFICER 40.00 X 695046 0 126322 AMANDA E EVERSOLE EXECUTIVE VP & CHIEF ADVOCACY OFFR 40.00 X 2089429 0 239177 ANCHAL S LIDDAR SR VP, GLOBAL -INDUSTRY SERVICES 40.00 X 685791 0 141436 MEGAN B BLOOMGREN SR VP, COMMUNICATIONS 40.00 X 671783 0 133118 DUSTIN MEYER SR VP, POLICY, ECONOMICS & REG AFFRS 40.00 X 438830 0 75057 FRANK MACCHIAROLA SR VP, POLICY, ECONOMICS & REG AFFRS 40.00 X 260639 0 27504 AMY KRIZ VP AND CHIEF FINANCIAL OFFICER 40.00 X 229052 0 20432 JOHN P WAGNER VP & DEPUTY GENERAL COUNSEL 40.00 X 649221 0 189211 ROLF W HANSON VP, STATE GOVERNMENT RELATIONS 40.00 X 652266 0 151934 LANCE WEST VP, FEDERAL RELATIONS 40.00 X 523376 0 38230 STEPHEN COMSTOCK VP AND SENIOR COUNSELOR 40.00 X 408256 0 148219 ROBIN RORICK VP, MIDSTREAM POLICY 40.00 X 433393 0 104208 18313836 0 2530219 235 0 1 0 MAIN STREET MEDIA GROUP PO BOX 25093 ALEXANDRIA VA 22313 ADVERTISING 34188159 MOODY INTERNATIONAL LTD 25025 I-45 NORTH SUITE 111 SPRING TX 77380 PROFESSIONAL SERVICES 4511437 ORGANIZING MONTROSS GROUP INC 2101 L ST NW SUITE 800 WASHINGTON DC 20037 CONSULTING AND ADVERTISING 4160812 META PLATFORMS INC 1601 WILLOW ROAD MENLO PARK CA 94025 ADVERTISING 3331405 COMPUTER ENTERPRISES INC 1000 OMEGA DRIVE SUITE 1150 PITTSBURGH PA 15205 IT CONSULTING 2644123 257 MEMBERSHIP DUES 900099 117158668 117158668 CERTIFICATION PROGRAM 900099 111841632 111841632 MEETING REVENUE 900099 6098630 6098630 SUBSCRIPTIONS 900099 18593 18593 235117523 2206075 2206075 30226240 30226240 15070548 15828567 1766 -758019 -1766 -759785 -759785 REFUNDS 900099 609663 609663 LATE FEES 900099 87000 87000 PAYROLL MANAGEMENT REIMBURSEMENTS 900099 39963 39963 28808 28808 765434 267555487 265343763 0 2211724 X 229626 17545741 44121832 6963955 6417888 3585892 10751157 205473 4122396 79484 38720012 50972975 3673528 12148747 800517 5768881 8515505 11013807 3142885 1578452 STUDIES/RESEARCH 12960973 THIRD-PARTY OUTREACH 12411399 INCOME AND EXCISE TAXES 2602976 -17620 258316481 25429289 30878999 1077062 386342 16136314 15162107 4542523 4468582 51788529 38711309 13404869 13077220 31275146 33680881 27403640 25262915 119268843 122917046 17200595 18568010 19520604 19612287 108146394 95517158 144867593 133697455 X -25598750 -10780409 -25598750 -10780409 119268843 122917046 X 9239006 1580386 3998949 X 0 1 X 1 0 3045000 0 0 3045000 3045000 1 SENATE LEADERSHIP FUND 45 N HILL DRIVE SUITE 100 WARRENTON VA 20186 472994920 1500000 CONGRESSIONAL LEADERSHIP FUND 1747 PENNSYLVANIA AVE NW 5TH FLO WASHINGTON DC 20006 453578123 1000000 REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 25 WASHINGTON DC 20006 113655877 235000 REPUBLICAN ATTORNEYS GENERAL ASSOCIATION 1201 F STREET NW SUITE 675 WASHINGTON DC 20004 464501717 125000 REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F STREET NW SUITE 675 WASHINGTON DC 20004 050532524 125000 DEMOCRATIC GOVERNORS ASSOCIATION 1401 K ST NW STE 200 WASHINGTON DC 20005 521304889 50000 AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE 200 MASSACHUSETTS AVE NW STE 1100 WASHINGTON DC 20001 262596972 43965 COMMUNITY LEADERS OF AMERICA 2101 CEDAR SPRINGS ROAD SUITE 1050 DALLAS TX 75201 463149989 10000 0 0 1 117158668 19582930 -90663860 -71080930 46863467 -117944397 PART I-A, LINE 1: API CONDUCTS POLITICAL ACTIVITIES THROUGH A SEPARATE SEGREGATED FUND, AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE. IN 2023, API MADE PAYMENTS TOTALING $3,045,000 TO SECTION 527 POLITICAL ORGANIZATIONS. 11363917 3765912 7598005 1189138 994495 194643 39235474 33950902 5284572 13077220 RIGHT-OF-USE ASSET 25262915 25262915 POST-RETIREMENT BENEFITS, OTHER THAN PENSION 32778664 LEASE LIABILITY, NET 44749740 ACCRUED PENSION LIABILITY 13228082 SUPPLEMENTAL BENEFIT PLANS 4760672 95517158 269229934 1580386 171779 1752165 267477769 79484 -1766 77718 267555487 254369576 -3867421 -3867421 258236997 79484 79484 258316481 PART XI, LINE 2D - OTHER ADJUSTMENTS: API POLITICAL ACTION COMMITTEE CONSOLIDATED IN AUDITED FINANCIAL STATEMENTS 171,779. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FIXED ASSET DISPOSAL -1,766. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER PENSION AND POST-RETIREMENT BENEFIT CHANGES -3,805,586. NET PERIODIC COST (BENEFIT) -193,363. API POLITICAL ACTION COMMITTEE CONSOLIDATED IN AUDITED FINANCIAL STATEMENTS 129,762. LOSS ON FIXED ASSET DISPOSAL 1,766. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 53555 EAST ASIA AND THE PACIFIC 1 3 PROGRAM SERVICES CERTIFICATION PROGRAMS 10065617 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 2719528 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES CERTIFICATION PROGRAMS 2561486 NORTH AMERICA 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 922256 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 256075 SOUTH AMERICA 1 2 PROGRAM SERVICES CERTIFICATION PROGRAMS 1305359 SOUTH ASIA 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 1253463 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CERTIFICATION PROGRAMS 210177 3 7 0 0 3 7 19137339 210177 19347516 0 0 0 0 0 1 1 ASIAN PACIFIC AMERICAN INSTITUTE FOR CONGRESSIONAL STUDIES (APAICS) 1001 CONNECTICUT AVENUE NW SUITE 530 WASHINGTON DC 20036 521917903 501(C)(3) 7000 0 GENERAL SUPPORT CONGRESSIONAL SPORTSMEN'S FOUNDATION 110 NORTH CAROLINA AVE SE WASHINGTON DC 20003 521686163 501(C)(3) 25000 0 GENERAL SUPPORT EVERYBODY WINS DC 666 11TH STREET NW SUITE 1030 WASHINGTON DC 20001 521938281 501(C)(3) 32626 0 GENERAL SUPPORT FORD'S THEATRE 514 TENTH ST NW WASHINGTON DC 20004 526073157 501(C)(3) 25000 0 GENERAL SUPPORT FORT VALLEY STATE UNIVERSITY COOPERATIVE DEVELOPMENTAL ENERGY PROGRAM 1005 STATE UNIVERSITY DRIVE SUITE 206 CTM FORT VALLEY GA 31030 586002062 501(C)(3) 10000 0 GENERAL SUPPORT HOUSTON REGIONAL VETERANS CHAMBER OF COMMERCE 5205 BROADWAY ST 130 PEARLAND TX 77581 862245991 501(C)(6) 15000 0 GENERAL SUPPORT LULAC NATIONAL EDUCATIONAL SERVICE CENTERS INC 1133 19TH STREET NW SUITE 1000 WASHINGTON DC 20036 237262876 501(C)(3) 10000 0 GENERAL SUPPORT NATIONAL CENTER FOR AMERICAN INDIAN ENTERPRISE DEVELOPMENT 953 EAST JUANITA AVENUE MESA AZ 85204 952627645 501(C)(3) 25000 0 GENERAL SUPPORT NATIONAL NEWSPAPER PUBLISHERS ASSOCIATION 1816 12TH STREET NW WASHINGTON DC 20009 521008362 501(C)(3) 30000 0 GENERAL SUPPORT THE NATIONAL SOCIETY OF BLACK ENGINEERS 205 DAINGERFIELD ROAD ALEXANDRIA VA 22314 351410757 501(C)(3) 15000 0 GENERAL SUPPORT UNITED STATES HISPANIC LEADERSHIP INSTITUTE INC 431 S DEARBORN STREET SUITE 1203 CHICAGO IL 60605 363191740 501(C)(3) 20000 0 GENERAL SUPPORT US CHAMBER OF COMMERCE FOUNDATION 1615 H STREET NW WASHINGTON DC 20062 461561597 501(C)(3) 15000 0 GENERAL SUPPORT 11 1 PART I, LINE 2: IN ORDER TO ENSURE ALL GRANT FUNDS ARE USED FOR THEIR INTENDED PURPOSE, ALL GRANTS ARE ASSIGNED AN API STAFF MEMBER AS THE CONTRACT OFFICER. THE CONTRACT OFFICER'S RESPONSIBILITIES INCLUDE MONITORING THE ACTIVITIES OF GRANTEES, AS WELL AS THE RECEIPT AND REVIEW OF PERIODIC PROGRESS REPORTS. X X X X X 1 1 X X X X 0 1 0 MICHAEL J SOMMERS PRESIDENT AND CEO 2802545 0 6423431 0 636771 0 831108 0 33216 0 10727071 0 4289440 0 AMANDA E EVERSOLE EXECUTIVE VP & CHIEF ADVOCACY OFFR 940414 0 1006058 0 142957 0 202601 0 36576 0 2328606 0 503974 0 SHANNON DIBARI SR VP, BUS OPERATIONS & STRATEGY 522000 0 160000 0 32007 0 269271 0 1776 0 985054 0 0 0 JOHN P WAGNER VP & DEPUTY GENERAL COUNSEL 406260 0 67600 0 175361 0 156103 0 33108 0 838432 0 0 0 ANCHAL S LIDDAR SR VP, GLOBAL -INDUSTRY SERVICES 482242 0 185000 0 18549 0 108220 0 33216 0 827227 0 0 0 RYAN P MEYERS SR VP & CHIEF LEGAL OFFICER 521174 0 155000 0 18872 0 102682 0 23640 0 821368 0 0 0 MEGAN B BLOOMGREN SR VP, COMMUNICATIONS 499657 0 155000 0 17126 0 99902 0 33216 0 804901 0 0 0 ROLF W HANSON VP, STATE GOVERNMENT RELATIONS 435867 0 206517 0 9882 0 118718 0 33216 0 804200 0 147403 0 LANCE WEST VP, FEDERAL RELATIONS 364224 0 154000 0 5152 0 26400 0 11830 0 561606 0 0 0 STEPHEN COMSTOCK VP AND SENIOR COUNSELOR 335403 0 66200 0 6653 0 123715 0 24504 0 556475 0 0 0 ROBIN RORICK VP, MIDSTREAM POLICY 378366 0 48400 0 6627 0 71148 0 33060 0 537601 0 0 0 DUSTIN MEYER SR VP, POLICY, ECONOMICS & REG AFFRS 353791 0 80000 0 5039 0 62031 0 13026 0 513887 0 0 0 FRANK MACCHIAROLA SR VP, POLICY, ECONOMICS & REG AFFRS 227841 0 0 0 32798 0 26616 0 888 0 288143 0 114 0 AMY KRIZ VP AND CHIEF FINANCIAL OFFICER 203079 0 24000 0 1973 0 19362 0 1070 0 249484 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL - FIRST OR BUSINESS CLASS AIR TRAVEL MUST BE APPROVED IN ADVANCE BY AN EXECUTIVE STAFF MEMBER, AND THE EMPLOYEE MUST PROVIDE THE JUSTIFICATION ON THE EXPENSE REPORT. NO FLIGHTS WERE CHARTERED DURING 2023. TRAVEL FOR COMPANIONS - INSTANCES IN WHICH A SPOUSE ACCOMPANIES AN EMPLOYEE TRAVELING ON BUSINESS AT API EXPENSE ARE LIMITED AND APPROVED IN ADVANCE. IN SUCH AUTHORIZED CASES, UNLESS THE STRICT LEGAL DEFINITION OF BUSINESS PURPOSE IS MET, THE REIMBURSEMENT IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE. TAX INDEMNIFICATION AND GROSS UP PAYMENTS - FOR EMPLOYEES WHO QUALIFY TO PARTICIPATE IN THE NONQUALIFIED RETIREMENT INCOME PLAN, API PAYS TAXES DUE ON THE ACCRUED BENEFITS AS THEY ARE AWARDED TO THE PARTICIPANTS. THESE TAX PAYMENTS ARE TREATED AS AN ADVANCE AND NETTED FROM THE ACCRUED BENEFITS TO THE PARTICIPANTS UPON DISTRIBUTION. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - REIMBURSEMENT OF CLUB DUES TO AN EMPLOYEE IN ANY CLUB ORGANIZED FOR PLEASURE, RECREATION, OR OTHER SOCIAL PURPOSE (I.E. COUNTRY CLUBS, LUNCHEON CLUBS, AND AIRLINE AND HOTEL CLUBS) IS LIMITED AND REQUIRES EXECUTIVE STAFF APPROVAL. EMPLOYEES WHO HAVE BEEN REIMBURSED FOR CLUB DUES MUST ANNUALLY ACCOUNT FOR THEIR BUSINESS USE, AND NON-BUSINESS USE IS TREATED AS TAXABLE INCOME TO THE EMPLOYEE. PERSONAL SERVICES - API PROVIDES A PERSONAL DRIVER TO THE PRESIDENT & CEO PRIMARILY FOR BUSINESS PURPOSES. ANY PERSONAL USAGE IS TREATED AS TAXABLE INCOME TO THE PRESIDENT & CEO. PART I, LINE 4B IN 2023, THE FOLLOWING PARTICIPANTS IN THE AMERICAN PETROLEUM INSTITUTE 457(F) SUPPLEMENTAL BENEFIT PLANS RECEIVED VESTED CONTRIBUTIONS THAT WERE INCLUDED IN THE PARTICIPANT'S 2023 W-2, AS WELL AS NON-VESTED CONTRIBUTIONS. THE TOTAL VESTED AND NON-VESTED CONTRIBUTIONS IN 2023 WERE AS FOLLOWS: MICHAEL J. SOMMERS $1,406,488 RYAN P. MEYERS $90,532 SHANNON DIBARI $261,333 AMANDA E. EVERSOLE $290,910 MEGAN B. BLOOMGREN $83,183 ANCHAL S. LIDDAR $93,822 DUSTIN MEYER $35,026 JOHN P. WAGNER $160,666 ROLF W. HANSON $28,263 LANCE WEST $3,000 ROBIN RORICK $24,424 STEPHEN COMSTOCK $918 THE FOLLOWING PARTICIPANT IN THE AMERICAN PETROLEUM INSTITUTE 457(F) SUPPLEMENTAL BENEFIT PLANS RECEIVED A DISTRIBUTION IN 2023 AS FOLLOWS, THIS DISTRIBUTION WAS INCLUDED IN THE PARTICIPANT'S 2023 W-2: FRANK MACCHIAROLA $114 FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE COMPOSED OF UP TO FIFTEEN (15) BUT NO LESS THAN TWELVE (12) MEMBERS OF THE BOARD, INCLUDING THE API CHAIRMAN OF THE BOARD AND THE CHAIR OF THE FINANCE COMMITTEE, WHO SHALL BE ELECTED ANNUALLY. THE PRESIDENT SERVES AS AN EX OFFICIO VOTING MEMBER. THE CHAIRMAN OF THE BOARD SHALL SERVE AS CHAIRMAN OF THE EXECUTIVE COMMITTEE. ANY VACANCY SHALL BE FILLED BY THE EXECUTIVE COMMITTEE UNTIL THE NEXT MEETING OF THE BOARD. REPRESENTATIVES OF THE TOP SIX (6) DUES PAYERS SHALL ALWAYS BE MEMBERS OF THE EXECUTIVE COMMITTEE, WITH THE REMAINING SEVEN (7) MEMBERS CHOSEN FROM THE REMAINING DUES PAYERS. ONE (1) MEMBER OF THE EXECUTIVE COMMITTEE SHALL REPRESENT THE API GENERAL MEMBERSHIP COMMITTEE. UNLESS RENOMINATED BY THE BOARD OF DIRECTORS TO REMAIN ON THE EXECUTIVE COMMITTEE, THE SEVEN (7) AT-LARGE MEMBERS AND THE GENERAL MEMBERSHIP COMMITTEE MEMBER MAY BE LIMITED TO TWO (2) CONSECUTIVE TERMS OF ONE (1) YEAR EACH. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE ABSENCE OF ACTION BY THE BOARD, EXCEPT TO AMEND THE BYLAWS OR AS OTHERWISE LIMITED BY LAW. ITS RESPONSIBILITIES INCLUDE LONG-RANGE PLANNING, STRATEGIC ISSUES, PROGRAM AND BUDGET DEVELOPMENT, OVERSIGHT, AND ADMINISTRATION. FORM 990, PART VI, SECTION A, LINE 6 API IS A TRADE ASSOCIATION WITH MEMBERSHIP DRAWN FROM THE OIL AND NATURAL GAS INDUSTRY. MEMBERSHIP IS AT A COMPANY (PARTNERSHIP, COMPANY, OR CORPORATION) LEVEL. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS ARE ELECTED BY THE BOARD OF DIRECTORS AT THE ANNUAL MEETING, FROM WITHIN THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY API'S EXTERNAL ACCOUNTING FIRM WITH INFORMATION PROVIDED BY API STAFF. PRIOR TO FILING, THE FORM 990 WAS INCLUDED WITH THE MATERIALS FOR THE FINANCE COMMITTEE'S MEETING IN SEPTEMBER 2024 AND REVIEWED DURING THE MEETING. A COPY OF THE FORM 990 WAS PROVIDED TO THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C API'S STANDARDS OF CONDUCT POLICY INCLUDES PROVISIONS RELATED TO AVOIDING ANY ACT THAT MAY RESULT IN A CONFLICT OF INTEREST. ON AN ANNUAL BASIS, ALL EMPLOYEES ARE ASKED TO CONFIRM THEIR COMPLIANCE WITH THE STANDARDS OF CONDUCT POLICY. ANY EMPLOYEE WHO IS AWARE OF A VIOLATION OF THIS POLICY MUST TAKE APPROPRIATE ACTION SO THAT THE VIOLATION IS PROMPTLY ADDRESSED. THIS MAY INCLUDE REPORTING A VIOLATION TO AN EXECUTIVE STAFF MEMBER OR TO AN EXTERNALLY OPERATED ETHICS HOTLINE. ALL REPORTS ARE ASSIGNED TO AN APPROPRIATE EXECUTIVE STAFF MEMBER FOR INVESTIGATION AND RESOLUTION AND A REPORT OF ALL INCIDENTS IS PROVIDED TO THE FINANCE COMMITTEE REGULARLY. THE BOARD OF DIRECTORS ADOPTED A CONFLICT-OF-INTEREST POLICY IN 2008 THAT REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS. THE DISINTERESTED MEMBERS OF THE API EXECUTIVE COMMITTEE SHALL DECIDE AS TO WHETHER A CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY). A COPY OF THE POLICY IS PROVIDED ANNUALLY TO ALL BOARD MEMBERS WHO ARE REQUESTED TO COMPLETE AND SIGN AN ACKNOWLEDGMENT AND DISCLOSURE FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR API'S PRESIDENT & CEO, OTHER OFFICERS, AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, BASED ON PERFORMANCE REVIEWS, EXTERNAL COMPARABLE DATA OBTAINED FROM CONSULTANTS, AND OTHER RELEVANT INFORMATION. THE PRESIDENT & CEO'S COMPENSATION IS BASED ON A WRITTEN CONTRACT APPROVED BY THE EXECUTIVE COMMITTEE. A REVIEW WAS LAST CONDUCTED IN 2023 FOR THE PRESIDENT & CEO, OTHER OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G EMPLOYMENT AGENCY FEES 844,874. RETIREMENT PLAN FEES 247,538. OTHER CONSULTING FEES 7,301,397. ADVOCACY CONSULTANT FEES 8,027,794. GIS AUDITOR SERVICES 22,298,409. FORM 990, PART XI, LINE 9: OTHER PENSION AND POST-RETIREMENT BENEFIT CHANGES 3,805,586. NET PERIODIC BENEFIT (COST) 193,363. AMERICAN PETROLEUM INSTITUTE HOLDING LLC 200 MASSACHUSETTS AVE NW STE 1100 WASHINGTON DC 20001 130433430 HOLDS A MINORITY INTEREST IN API-BRASIL CONSULTORIA LDTA. DE 0 0 AMERICAN PETROLEUM INSTITUTE API-BRASIL CONSULTORIA LTDA AVENIDA ALMIRANTE BARROSO 81 RIO DE JANEIRO BR 20031-004 981154471 BUSINESS DEVELOPMENT BR 0 211854 AMERICAN PETROLEUM INSTITUTE AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE 200 MASSACHUSETTS AVE STE 1100 WASHINGTON DC 20001 272596972 POLITICAL ACTION COMMITTEE/SEPARATE SEGREGATED FUND DC 527 AMERICAN PETROLEUM INSTITUTE 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE N 72100 FAIR MARKET VALUE AMERICAN PETROLEUM INSTITUTE POLITICAL ACTION COMMITTEE O 255218 FAIR MARKET VALUE