Nonprofit · EIN 73-0593344
PETROLEUM EQUIPMENT INSTITUTE
Tax-exempt · TULSA, OK 74133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,443,181 | $4,824,651 | $618,530 | $10,305,459 | $1,861,130 | $8,444,329 |
| December 31, 2023 | 990 | $3,489,782 | $3,351,666 | $138,116 | $9,485,525 | $1,691,692 | $7,793,833 |
| March 31, 2023 | 990 | $3,823,453 | $4,136,739 | -$313,286 | $8,633,155 | $1,406,470 | $7,226,685 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,584,490
- Investment income
- $827,259
- Royalties
- $30,827
- Net gain from sales of assets
- $669,303
- Other revenue
- $31,432
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $724,359
- Other salaries and wages
- $813,275
- Salaries, compensation and benefits (total)
- $1,840,536
- Professional fundraising fees
- $0
- Legal fees
- $19,717
- Accounting fees
- $84,031
- Occupancy
- $96,574
- Travel
- $259,766
- Depreciation
- $76,300
Balance sheet and other
- Total assets, start of year
- $9,485,525
- Total assets, end of year
- $10,305,459
- Total liabilities, end of year
- $1,861,130
- Net assets, end of year
- $8,444,329
- Land, buildings and equipment
- $1,615,132
- Publicly traded securities
- $6,408,184
- Net assets without donor restrictions
- $8,444,329
- Gross unrelated business income
- $517,297
- Gross receipts
- $10,232,245
- Employees
- 16
- Volunteers
- 18
- Year formed
- 1951
- State of legal domicile
- OK
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 | Other / benefits |
|---|---|---|---|---|
| Jason Blake | President Officer | 40 | $297,225 | $4,150 |
| Melinda Whitney | SVP of Operations Key employee | 40 | $221,608 | $4,150 |
| Scott Boorse | VP of Technical Programs & Industry Af Key employee | 40 | $197,226 | $0 |
| Tom Leibrandt | Sr Dir of Media & Member Relations Highest-paid employee | 40 | $166,318 | $0 |
| Liliana Cruz | Sr Dir of Latin America Highest-paid employee | 40 | $117,625 | $3,450 |
| Julie Shank | Dir of Member Events and Special Projects Highest-paid employee | 40 | $118,297 | $0 |
| Tim Davidson | Sr Mgr of Membership Expansion Highest-paid employee | 40 | $112,616 | $1,500 |
| Austin Quinten | AVP - Member Relations Highest-paid employee | 40 | $101,730 | $0 |
| James Ether | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Sara Beck | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Joey Batchelor | VP of Finance Trustee or director, Officer | 1 | $0 | $0 |
| John Keller | Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 |
| Joey Arn | Director Trustee or director | 1 | $0 | $0 |
| Dave Babcock | Director Trustee or director | 1 | $0 | $0 |
| Tonia Ballard | Director Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Buddy Bayliss | Director Trustee or director | 1 | $0 |
| Mike Davis | Director Trustee or director | 1 | $0 |
| Brian Derge | Director Trustee or director | 1 | $0 |
| Bill Everett | Director Trustee or director | 1 | $0 |
| Mike Lattner | Director Trustee or director | 1 | $0 |
| John Loucks | Director Trustee or director | 1 | $0 |
| Bob Mathews | Director Trustee or director | 1 | $0 |
| Patrick McDermott | Director Trustee or director | 1 | $0 |
| Nate Meyer | Director Trustee or director | 1 | $0 |
| Josh Skov | Director Trustee or director | 1 | $0 |
| Kaileigh Strizzi | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON BLAKE | PRESIDENT Officer | 40 | $266,221 |
| MELINDA WHITNEY | VP OF OPERATIONS Key employee | 40 | $197,916 |
| SCOTT BOORSE | DIRECTOR OF TECHNICAL PROG Key employee | 40 | $177,348 |
| THOMAS LEIBRANDT | DIRECTOR OF MEDIA & MEMBER Highest-paid employee | 40 | $148,786 |
| JULIE SHANK | DIRECTOR OF MEMBER EVENTS Highest-paid employee | 40 | $114,558 |
| SARAH J WEST | DIRECTOR OF CONFERENCES & Highest-paid employee | 40 | $112,262 |
| LILIANA CRUZ | SENIOR DIRECTOR OF LATIN AMER Highest-paid employee | 40 | $111,015 |
| TIM DAVIDSON | MEMBERSHIP SALES MANAGER Highest-paid employee | 40 | $102,666 |
| JOHN KELLER | CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES ETHER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SARA HITCHCOCK BECK | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 1 | $0 |
| RON SLEDD | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| BRENT RUGA - DISTRICT 1 | DIRECTOR Trustee or director | 1 | $0 |
| BUDDY BAYLISS - DISTRICT 2 | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FORCE - DISTRICT 3 | DIRECTOR Trustee or director | 1 | $0 |
| KAILEIGH STRIZZI - DISTRICT 4 | DIRECTOR Trustee or director | 1 | $0 |
| JOSH MAPLES - DISTRICT 5 | DIRECTOR Trustee or director | 1 | $0 |
| NATE MEYER - DISTRICT 6 | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG HOYER - DISTRICT 7 | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DERGE - DISTRICT 8 | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER FASSE - DISTRICT 9 | DIRECTOR Trustee or director | 1 | $0 |
| MIKE DAVIS - DISTRICT 10 | DIRECTOR Trustee or director | 1 | $0 |
| TONY WHITE - DISTRICT 11 | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LATTNER - DISTRICT 12 | DIRECTOR Trustee or director | 1 | $0 |
| LISA BLASSINGAME - DISTRICT 13 | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCDERMOTT - AFF DIVISION | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON BLAKE | PRESIDENT Officer | 40 | $256,970 |
| MELINDA WHITNEY | DIRECTOR OF OPERATIONS Key employee | 40 | $193,398 |
| SCOTT BOORSE | DIRECTOR OF TECHNICAL PROGRAMS Key employee | 40 | $178,870 |
| THOMAS LEIBRANDT | DIRECTOR OF MEDIA & MEMBER RELATIONS Highest-paid employee | 40 | $143,367 |
| JULIE SHANK | DIRECTOR OF MEMBER EVENTS & SPECIAL PROJECTS Highest-paid employee | 40 | $110,388 |
| SARAH J WEST | DIRECTOR OF CONFERENCES & INDUSTRY CONTENT Highest-paid employee | 40 | $109,900 |
| LILIANA CRUZ | SENIOR DIRECTOR OF LATIN AMERICA Highest-paid employee | 40 | $100,625 |
| JOHN KELLER | CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES ETHER | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| SARA HITCHCOCK BECK | VICE PRESIDENT OF FINANCE Trustee or director, Officer | 1 | $0 |
| RON SLEDD | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 |
| BRENT RUGA - DISTRICT 1 | DIRECTOR Trustee or director | 1 | $0 |
| BUDDY BAYLISS - DISTRICT 2 | DIRECTOR Trustee or director | 1 | $0 |
| JOHN FORCE - DISTRICT 3 | DIRECTOR Trustee or director | 1 | $0 |
| KAILEIGH STRIZZI - DISTRICT 4 | DIRECTOR Trustee or director | 1 | $0 |
| JOSH MAPLES - DISTRICT 5 | DIRECTOR Trustee or director | 1 | $0 |
| NATE MEYER - DISTRICT 6 | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG HOYER - DISTRICT 7 | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DERGE - DISTRICT 8 | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER FASSE - DISTRICT 9 | DIRECTOR Trustee or director | 1 | $0 |
| MIKE DAVIS - DISTRICT 10 | DIRECTOR Trustee or director | 1 | $0 |
| TONY WHITE - DISTRICT 11 | DIRECTOR Trustee or director | 1 | $0 |
| MIKE LATTNER - DISTRICT 12 | DIRECTOR Trustee or director | 1 | $0 |
| LISA BLASSINGAME - DISTRICT 13 | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MCDERMOTT - AFF DIVISION | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6514 E 69TH ST, TULSA, OK 74133-1729
- Principal officer (990 for 2024)
- Jason Blake, 6514 E 69th Street, Tulsa, OK 74133
- Signed the 990
- Jason Blake, President
- Phone
- (918) 494-9696
- Website
- PEI.ORG
- Return prepared by
- Aprio Advisory Group LLC
Mission
The mission of the Petroleum Equipment Institute is to be the leading authority and source of information for the petroleum handling equipment industry.
Program accomplishments
- The Institute successfully held its annual convention in conjunction with the National Association of Convenience Stores. The purpose of the convention is to facilitate information sharing and learning related to the latest advancements in petroleum handling equipment and good business practices. The convention provides exposure to vendors and institute members.
- The Institute publishes a directory of members and a magazine to facilitate communication and promote commerce. The Institute publishes "recommended practice" manuals to promote safety and good business practices.
- All other training, support and organizing activities performed by the Institute on behalf of their members.
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
- 73-0593344
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,305,459
- Income (IRS master file)
- $10,232,245
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,443,181 | $4,824,651 | $10,305,459 | XML |
| 990 | December 2023 | $3,489,782 | $3,351,666 | $9,485,525 | XML |
| 990 | March 2023 | $3,823,453 | $4,136,739 | $8,633,155 | XML |
| 990 | March 2022 | $3,682,039 | $3,804,788 | $10,127,893 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | 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 73-0593344).
Questions about PETROLEUM EQUIPMENT INSTITUTE
- What is the EIN of PETROLEUM EQUIPMENT INSTITUTE?
- The employer identification number (EIN) of PETROLEUM EQUIPMENT INSTITUTE is 73-0593344.
- Is PETROLEUM EQUIPMENT INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1953.
- Are donations to PETROLEUM EQUIPMENT INSTITUTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PETROLEUM EQUIPMENT INSTITUTE 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 PETROLEUM EQUIPMENT INSTITUTE 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 PETROLEUM EQUIPMENT INSTITUTE 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 PETROLEUM EQUIPMENT INSTITUTE?
- The 990 for the year ended December 31, 2024 names Jason Blake.
- Who are the officers and directors of PETROLEUM EQUIPMENT INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 26 people; 8 received compensation from the organization, the highest $297,225 (Jason Blake, President).
- How much revenue does PETROLEUM EQUIPMENT INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,443,181, expenses of $4,824,651 and total assets of $10,305,459 at year end.
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