EIN 13-0433430

American Petroleum Institute (API)

IRS 501(c) type
501(c)(6)
Num. employees
387
Year formed
1919
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry.
Total revenues
$239,392,392
2022
Total expenses
$241,637,261
2022
Total assets
$119,268,843
2022
Num. employees
387
2022

Program areas at API

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.
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.
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.
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. Through api's energy excellence program, api's member companies commit to enhance the integrity of operations across the industry by applying standards, implementing workforce training programs, and participating in performance initiatives.

Grants made by API

GranteeGrant descriptionAmount
Everybody Wins DC (EW!DC)General Support$48,667
National Urban LeagueGeneral Support$25,000
Great Minds in STEMGeneral Support$18,113
...and 2 more grants made

Who funds American Petroleum Institute (API)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Gas Association (AGA)Sponsorship$10,000

Personnel at API

NameTitleCompensation
Michael J SommersPresident and Chief Executive Officer$2,793,734
Amanda E EversoleExecutive Vice President and Chief Advocacy Offr$1,198,224
Benny SetoVice President and Chief Financial Officer$360,050
Paul AfonsoSenior Vice President , Chief LGL Offr$521,250
Ryan P MeyersSenior Vice President and Chief Legal Officer$633,367
...and 16 more key personnel

Financials for API

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$213,451,127
Investment income and dividends$841,059
Tax-exempt bond proceeds$0
Royalty revenue$26,328,526
Net rental income$0
Net gain from sale of non-inventory assets$-1,364,427
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$136,107
Total revenues$239,392,392

Form 990s for API

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-11990View PDF
2021-122022-11-21990View PDF
2021-122022-11-03990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s
Data update history
December 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Updated personnel
Identified 8 new personnel
December 23, 2023
Used new vendors
Identified 1 new vendor, including
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Trade associationsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyOperates internationallyCommunity engagement / volunteering
General information
Address
200 Massachusetts Ave NW 1100
Washington, DC 20001
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
api.org/ 
Phone
(202) 682-8000
Facebook page
Energy.Tomorrow 
Twitter profile
@api_news 
IRS details
EIN
13-0433430
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1919
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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