Mission
The mission of the Petroleum Equipment Institute is to be the leading authority and source of information for the petroleum handling equipment industry.
Public Charity
Petroleum Equipment Institute
Petroleum Equipment Institute is a nonprofit organization categorized as Public Charity based in Tulsa, OK. Its most recent IRS filing (2024) reports revenue of $5.4M, expenses of $4.8M, total assets of $10.3M.
EIN: 730593344
Tulsa, OK
Latest filing: 2024
Total Revenue$5.4M
Total Expenses$4.8M
Total Assets$10.3M
Grant Records0
Filing Years2020–2024
Where $100 goes at Petroleum Equipment Institute
How Petroleum Equipment Institute divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$76
Programs
the work itself
$24
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $76 for programs
$26
The Institute successfully held its annual convention in conjunction with the National Association of Convenience Stores
$25
The Institute publishes a directory of members and a magazine to facilitate communication and promote commerce
$25
All other training, support and organizing activities performed by the Institute on behalf of their members
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
AVP - Member Relations
Austin Quinten
Director
Bill Everett
Director
Bob Mathews
Director
Brian Derge
Director
Buddy Bayliss
Director
Dave Babcock
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.4M | $4.8M | $10.3M |
| 2023 | $3.5M | $3.4M | $9.5M |
| 2022 | $3.7M | $3.8M | $10.1M |
| 2021 | $3.1M | $3.3M | $10.1M |
| 2020 | $3.8M | $3.9M | $8.7M |
Between 2020 and 2024, reported annual revenue grew from $3.8M to $5.4M (+43%), with total assets most recently reported at $10.3M.
Interactive year-over-year charts and full filing details available with membership.