NonprofitsAmerican Petroleum Institute

American Petroleum Institute

WASHINGTON, DC

Total revenue

$252.3M

Total expenses

$255.4M

Net assets

$1.2M

Grants received

$40K

4 grants

EIN

130433430

Tax year

2024

Mission

See form 990, part iii, line 1 for complete mission statement

Programs

5 programs

Research & statistics - api conducts or sponsors analysis and research in support of free markets, informs cost-effective regulation, and promotes economic growth. We collect, maintain and publish 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.

Standards - since 1924, api has led the development of more than 800 petroleum, natural gas and petrochemical equipment and operating standards. These reflect the industry's collective expertise and accepted good practices. Addressing everything from drill bits to environmental protection, they advance safety, efficiency and environmental responsibility. Api standards are recognized worldwide for their technical rigor and global impact, with many incorporated into federal and state regulations. Developed through a consensus-driven process accredited by the american national standards institute (ansi), they are 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 uses advanced technology, allowing the industry to operate in an environmentally safe and efficient manner. Api's standards support that effort, providing technical guidance that aligns with industry good practices, but api's role extends beyond publishing technical documents. Through its certification programs, api provides a structured, verifiable way for companies to demonstrate conformance to those standardsand to build credibility in a high-stakes, highly scrutinized industry.

Events and training - api organizes seminars, workshops, conferences and symposia on public policy issues. Through api-u, we provide training materials to help people in the oil and natural 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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$218.0M
Investment income$2.5M
Other revenue$31.9M
Total revenue$252.3M

Expenses

Grants paid$305K
Salaries & benefits$82.1M
Fundraising
Other expenses$173.0M
Total expenses$255.4M
Total assets$109.9M
Net assets$1.2M

People

50 listed

NameRoleCompensation

MICHAEL J SOMMERS

PRESIDENT AND CEO

Board

$5.1M

40 hrs/wk

SHANNON DIBARI

SENIOR VICE PRESIDENT AND COO

Board

$838K

40 hrs/wk

RYAN P MEYERS

SR. VP, GENERAL COUNSEL, CORP SECY

Board

$725K

40 hrs/wk

STEPHEN L HIGHTOWER

BOARD MEMBER

Board

0.5 hrs/wk

VICKI HOLLUB

BOARD MEMBER

Board

0.5 hrs/wk

W HERBERT HUNT

BOARD MEMBER - LEFT APR 2024

Board

0.5 hrs/wk

ROGER HUTSON

BOARD MEMBER

Board

0.5 hrs/wk

ROGER JENKINS

BOARD MEMBER

Board

0.5 hrs/wk

THOMAS E JORDEN

BOARD MEMBER

Board

0.5 hrs/wk

TRACY W KROHN

BOARD MEMBER

Board

0.5 hrs/wk

RYAN M LANCE

BOARD MEMBER

Board

0.5 hrs/wk

MATTHEW LANIGAN

BOARD MEMBER - LEFT JAN 2024

Board

0.5 hrs/wk

RODERICK D LARSON

BOARD MEMBER

Board

0.5 hrs/wk

MARK E LASHIER

BOARD MEMBER

Board

0.5 hrs/wk

OLIVIER LE PEUCH

BOARD MEMBER

Board

0.5 hrs/wk

MELANIE LITTLE

BOARD MEMBER

Board

0.5 hrs/wk

MARYANN MANNEN

BOARD MEMBER - START NOV 2024

Board

0.5 hrs/wk

JEFFREY W MARTIN

BOARD MEMBER

Board

0.5 hrs/wk

BRENDAN MCCRACKEN

BOARD MEMBER

Board

0.5 hrs/wk

JEFF MILLER

BOARD MEMBER

Board

0.5 hrs/wk

RICHARD E MUNCRIEF

BOARD MEMBER

Board

0.5 hrs/wk

JOSEBA MURILLAS

BOARD MEMBER - START NOV 2024

Board

0.5 hrs/wk

PIERCE H NORTON

BOARD MEMBER

Board

0.5 hrs/wk

MEG E O'NEILL

BOARD MEMBER

Board

0.5 hrs/wk

DOUGLAS J PFERDEHIRT

BOARD MEMBER

Board

0.5 hrs/wk

FRANCOIS POIRIER

BOARD MEMBER

Board

0.5 hrs/wk

CHRISTINE RESLER

BOARD MEMBER

Board

0.5 hrs/wk

JEFFREY RINKER

BOARD MEMBER

Board

0.5 hrs/wk

LORENZO SIMONELLI

BOARD MEMBER

Board

0.5 hrs/wk

TRAVIS D STICE

BOARD MEMBER

Board

0.5 hrs/wk

LEE TILLMAN

BOARD MEMBER - LEFT NOV 2024

Board

0.5 hrs/wk

MICHAEL URE

BOARD MEMBER - LEFT OCT 2024

Board

0.5 hrs/wk

RICHARD VOORBERG

BOARD MEMBER

Board

0.5 hrs/wk

BILL WAY

BOARD MEMBER - LEFT SEP 2024

Board

0.5 hrs/wk

MICHAEL K WIRTH

BOARD MEMBER

Board

0.5 hrs/wk

DARREN W WOODS

BOARD MEMBER

Board

0.5 hrs/wk

KAREN B WRIGHT

BOARD MEMBER

Board

0.5 hrs/wk

FERDINANDO RIGARDO

BOARD MEMBER - LEFT SEP 2024

Board

0.5 hrs/wk

JOHN B HESS

CHAIRMAN OF THE BOARD

Board

0.5 hrs/wk

AMANDA E EVERSOLE

EXECUTIVE VP & CHIEF ADVOCACY OFFR

Staff

$1.4M

40 hrs/wk

ANCHAL S LIDDAR

SENIOR VP, GLOBAL INDUSTRY SERVICES

Staff

$768K

40 hrs/wk

JOHN P WAGNER

VP, DEPUTY GENERAL COUNSEL

Staff

$736K

40 hrs/wk

ROLF W HANSON

VP, STATE GOVERNMENT RELATIONS

Staff

$651K

40 hrs/wk

DUSTIN MEYER

SR VP, POLICY, ECONOMICS & REG AFFRS

Staff

$595K

40 hrs/wk

STEPHEN COMSTOCK

VP & SR. COUNSELOR (UNTIL 10/2024)

Staff

$470K

40 hrs/wk

KRISTIN WESTMORELAND

VP AND CHIEF OF STAFF

Staff

$445K

40 hrs/wk

ROBIN RORICK

VP, MIDSTREAM POLICY

Staff

$441K

40 hrs/wk

AMY KRIZ

VP AND CHIEF FINANCIAL OFFICER

Staff

$323K

40 hrs/wk

MEGAN B BLOOMGREN

SR VP COMMUNICATIONS (UNTIL 6/2024)

Staff

$275K

40 hrs/wk

KEVIN SLAGLE

SENIOR VP, COMMUNICATIONS

Staff

$172K

40 hrs/wk

Independent contractors

MAIN STREET MEDIA GROUP

ADVERTISING

$24.0M

META PLATFORMS INC

ADVERTISING

$3.9M

BROADAXIS INC

IT CONSULTING

$3.8M

INTERTEK TECHNICAL SERVICES INC UK

AUDITING

$3.1M

BUREAU OF QUALITY SURVEILLANCE INC

AUDITING

$3.1M

Grants received

Showing 4 of 4

FromAmountPurposeYear
$10K
SPONSORSHIP
2022

Funded by

$40K from 1 funder · 4 grants · 2020–2024

American Gas Association

$40K · 4 grants · 2020–2024

Details

EIN130433430
Subsection06
Ruling date1938-04
Formed1919
Employees372
Volunteers20000
AMERICAN PETROLEUM INSTITUTE — Mission, Financials & Grants Received | Grantivo