Cause IQ organization profile

American Petroleum Institute (API)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

API is a trade / professional association based in Washington, DC that was founded in 1919. As of 2018 they had $206 million in revenue and $84 million in assets.

The American Petroleum Institute (API) is the only national trade association that represents all aspects of America's oil and natural gas industry.

EIN:
13-0433430
City:
State:
Metro:
Website:
Phone:
(202) 682-8000
Twitter:
Founded:
1919
Type:
501(c)(6)
NTEE:
Revenue:
$206,675,804
Assets:
$84,629,322
Employees:
332
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at API

Advocacy - api speaks for the petroleum 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.

Standards - for more than 90 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 nearly 700 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.

Research and statistics - api conducts or sponsors research ranging from economic analyses to toxicological testing. Api collects, maintains and publishes statistics and data on all aspects of 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. Api's weekly statistical bulletin is the most recognized publication, widely reported by the media.

Form 990s for API

Fiscal year endingDate received by IRSFormPDF link
2018-12Jan 17, 2020990OView PDF
2017-12Mar 15, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Apr 7, 2017990OView PDF
2014-12Jan 19, 2016990OView PDF
...and five more Form 990 PDFs

Financials for API

Field2017
Total grants, contributions, etc.$100,000
Program services$187,074,722
Investment income and dividends$561,088
Tax-exempt bond proceeds$0
Royalty revenue$18,888,932
Net rental income$0
Net gain from sale of non-inventory assets$-47,630
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$98,692
Total revenues$206,675,804

Vendors for API

VendorServicesAmount paidDate
Advocates Inc DC LtdAdvocacy$3,4082020-01-17
███ ████████Advocacy$77,3522020-01-17
████Advertising$318,9882020-01-17
█████ █████████████ ███Auditing$42,9842020-01-17
████ ███ █████Tax accounting; Audit accounting; Accounting (including auditing), Consulting (general); Accounting (including auditing)$9,4202020-01-17
████ █████████████Lab Testing and Consulting$3,612,2952017-12-01
████████ ██████Investment management2016-12-31
████████ █████Investment management2016-12-31
...and 19 more vendors

Personnel at API

NameTitleCompensationMost recent data
Mike SommersPresident and Chief Executive Officer-July 9, 2019
John RobertsonVice President and Chief Financial Officer of the / Vice President and Chief Financial Officer Administration and Finance$479,495Jan. 27, 2018
██████ ██ ██████Executive Vice President and Chief Strategy Officer$1.3 millionJan. 27, 2018
█████ █████████Vice President of Communications-Jan. 27, 2018
█████ ███████████Vice President$560,448July 9, 2019
████ ████████Vice President for Regulatory and Economic Policy / Vice President Regulatory and Economic Policy$529,842Jan. 27, 2018
████ ██████Vice President of Global Industry Services / Vice President Global Industry Services$502,095Jan. 27, 2018
█████ ██████Vice President$495,600May 19, 2019
████ █████████Group Director of Market Development-Jan. 27, 2018
█████ ██████Vice President, General Counsel and Corporate Secretary$482,374July 9, 2019
...and five more key personnel

Peer trade / professional associations and chambers of commerce

 NameTypeRevenueLocation
1Pharmaceutical Research and Manufacturers of America (PhRMA)501(c)(6)$459 millionWashington, DC
2CTIA-The Wireless Association501(c)(6)$74 millionWashington, DC
3National Restaurant Association (NRA)501(c)(6)$289 millionWashington, DC
4Bsathe Software Alliance (BSA)501(c)(6)$58 millionWashington, DC
5United States Chamber of Commerce (USCC)501(c)(6)$167 millionWashington, DC
6Association of American Railroads (AAR)501(c)(6)$59 millionWashington, DC
7National Association of Home Builders (NAHB)501(c)(6)$74 millionWashington, DC
8America's Health Insurance Plans (AHIP)501(c)(6)$64 millionWashington, DC
9National Retail Federation (NRF)501(c)(6)$56 millionWashington, DC
10American Gas Association (AGA)501(c)(6)$61 millionWashington, DC
11Ncta - The Internet and Television Association (NCTA)501(c)(6)$65 millionWashington, DC
12American Chemistry Council (ACC)501(c)(6)$127 millionWashington, DC
13Biotechnology Innovation Organization (BIO)501(c)(6)$78 millionWashington, DC
14GS1 Us501(c)(6)$71 millionLawrenceville, NJ
15International Swaps and Derivatives Association (ISDA)501(c)(6)$58 millionNew York, NY
16Freedom Partners501(c)(6)$127 millionArlington, VA
17Motion Picture Association of America (MPAA)501(c)(6)$76 millionSherman Oaks, CA
18National Marine Manufacturers Association (NMMA)501(c)(6)$62 millionChicago, IL
19Specialty Equipment Market Association501(c)(6)$52 millionDiamond Bar, CA
20Packaging Machinery Manufacturers Institute (PMMI)501(c)(6)$78 millionReston, VA
21The Computing Technology Industry Association501(c)(6)$68 millionDowners Grove, IL
22Ces (CEA)501(c)(6)$126 millionArlington, VA
23National Automobile Dealers Association501(c)(6)$98 millionTysons, VA
24National Cattlemen's Beef Association501(c)(6)$62 millionCentennial, CO
25International Council of Shopping Centers (ICSC)501(c)(6)$81 millionNew York, NY