Nonprofit · EIN 72-1243629
INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC
Tax-exempt · MORGAN CITY, LA 70381
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $77,203 | $142,138 | -$64,935 | $868,952 | $284,314 | $584,638 |
| December 31, 2023 | 990 | $226,353 | $224,059 | $2,294 | $923,287 | $273,714 | $649,573 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,175
- Membership dues
- $582
- Program service revenue
- $25,786
- Investment income
- -$5,857
- Net gain from sales of assets
- -$6,142
- Net income from sales of inventory
- $99
- Other revenue
- $99
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,400
- Salaries, compensation and benefits (total)
- $25,199
- Professional fundraising fees
- $0
- Occupancy
- $28,011
- Program services (functional)
- $109,837
- Management and general (functional)
- $30,308
- Fundraising (functional)
- $1,993
Balance sheet and other
- Total assets, start of year
- $923,287
- Total assets, end of year
- $868,952
- Total liabilities, end of year
- $284,314
- Net assets, end of year
- $584,638
- Land, buildings and equipment
- $852,260
- Gross receipts
- $99,104
- Employees
- 2
- Volunteers
- 4
- Year formed
- 1993
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katherine V Allen | Secretary-Treasurer/Director Trustee or director, Officer | 20 | $17,000 |
| Virgil Allen | President/Director Trustee or director, Officer | 50 | $4,400 |
| Bryce Merrill | Vice-President/Director Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Virgil Allen | President/Director Trustee or director, Officer | 50 | $45,000 |
| Katherine V Allen | Secretary-Treasurer/Director Trustee or director, Officer | 20 | $19,200 |
| Bryce Merrill | Vice-President/Director Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1988, MORGAN CITY, LA 70381-1988
- In care of
- % VIRGIL ALLEN
- Principal officer (990 for 2024)
- Virgil Allen, P O Box 1988, Morgan City, LA 70381
- Signed the 990
- Virgil Allen, President
- Phone
- (985) 384-3744
- Website
- www.rigmuseum.com
Mission
The museum gathers, saves, preserves, and interprets artifacts and information about the offshore oil and gas industries and educates the public concerning the history, culture, and working conditions of these industries and on the impact and significance of these Cajun-born industries upon the rest of the world.
Program accomplishments
- The museum educates the public in the history, culture, and working conditions of the offshore oil and gas industries utilizing the historic offshore drilling rig Mr. Charlie as a hands-on live aboard training area. Students were trained on the rig in formal classroom training. Hands-on training was done in actual offshore work settings on the rig. Many students also lived on the rig to give them a true offshore working and living experience.Expenses $3,200 · revenue $1,162
- The museum educates the public in the history, culture, and working conditions of the offshore oil and gas industries by renovating and preserving the historic offshore drilling rig Mr. Charlie for generations to come to visit and train on. The renovations and preservation work is a daily task because of the ongoing tours and live aboard training. Some of the work is done by students as well as by volunteers.Expenses $32,166
- The museum educates the public in the history, culture, and working conditions of the offshore oil and gas industries by giving guided tours of the historic offshore drilling rig Mr. Charlie. Over 3,479 tourists from across the country and around the world visited the museum. The guided tours bring the tourists throughout the offshore drilling rig including the living and working areas of the rig. With the hands-on, live aboard training done on the rig, the tourists get to visit and actual working rig giving them a true offshore rig experience.Expenses $26,016 · revenue $19,124
- The museum educates the public in the history, culture, and working conditions of the offshore oil and gas industries by erecting a monument of an offshore hardhat diver with explantation of the history of the oil and gas diving industry. Additional information and displays are provided in the museum's diving and ROV section.Expenses $48,455 · revenue $42,111
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1243629
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A570)
- Assets (IRS master file)
- $868,952
- Income (IRS master file)
- $99,104
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $77,203 | $142,138 | $868,952 | IRS |
| 990 | December 2023 | $226,353 | $224,059 | $923,287 | XML |
| 990 | December 2022 | $288,964 | $175,377 | $1,021,960 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1243629).
Questions about INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC
- What is the EIN of INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC?
- The employer identification number (EIN) of INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC is 72-1243629.
- Is INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC?
- The 990 for the year ended December 31, 2024 names Virgil Allen.
- Who are the officers and directors of INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $17,000 (Katherine V Allen, Secretary-Treasurer/Director).
- How much revenue does INTERNATIONAL PETROLEUM MUSEUM AND EXPOSITION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $77,203, expenses of $142,138 and total assets of $868,952 at year end.
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