Nonprofit · EIN 75-2796868
COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC
Also known as COPAS
Tax-exempt · WICHITA, KS 67208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $626,511 | $642,248 | -$15,737 | $402,382 | $253,637 | $148,745 |
| December 31, 2023 | 990 | $697,741 | $665,125 | $32,616 | $462,696 | $296,198 | $166,498 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $172,200
- Membership dues
- $172,200
- Program service revenue
- $438,199
- Investment income
- $15,144
- Other revenue
- $968
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $238,570
- Other salaries and wages
- $74,126
- Salaries, compensation and benefits (total)
- $343,864
- Professional fundraising fees
- $0
- Legal fees
- $3,107
- Travel
- $15,779
- Depreciation
- $8,587
- Program services (functional)
- $642,248
Balance sheet and other
- Total assets, start of year
- $462,696
- Total assets, end of year
- $402,382
- Total liabilities, end of year
- $253,637
- Net assets, end of year
- $148,745
- Land, buildings and equipment
- $11,151
- Net assets without donor restrictions
- $148,745
- Gross receipts
- $626,511
- Employees
- 2
- Volunteers
- 50
- Year formed
- 1961
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 |
|---|---|---|---|---|
| Thomas Wierman | Executive Dir. Trustee or director | 40 | $200,999 | $37,571 |
| Dalin Error | Director Trustee or director, Officer | 1 | $0 | $0 |
| Catherine Peyton | Director Trustee or director, Officer | 1 | $0 | $0 |
| Craig Buck | President Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Batsche | Secretary Trustee or director | 1 | $0 | $0 |
| Kevin Launchbaugh | Vice President Trustee or director | 1 | $0 | $0 |
| Rebecca Paris | Director Trustee or director, Officer | 1 | $0 | $0 |
| Kirk Foreman | Director Trustee or director | 1 | $0 | $0 |
| Carole Tear | Treasurer Trustee or director | 0 | $0 | $0 |
| Scott Barrios | Director Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas H Wierman | Executive Dir. Trustee or director | 40 | $190,387 | $35,602 |
| Melissa Ann Gruenewald | Director Trustee or director | 1 | $0 | $0 |
| Dalin Thomas Error | Director Trustee or director, Officer | 1 | $0 | $0 |
| Catherine K Naughton Peyton | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Craig Michael Arthur Buck | President Trustee or director, Officer | 1 | $0 | $0 |
| Thomas Duane Batsche | Director Trustee or director | 1 | $0 | $0 |
| Kevin Bates Launchbaugh | Treasurer Trustee or director | 1 | $0 | $0 |
| Rebecca Judith Paris | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Kirk Dennis Foreman | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 21272, WICHITA, KS 67208-7272
- In care of
- % STEVE IRIZARRY
- Principal officer (990 for 2024)
- Thomas H Wierman
- Signed the 990
- Tom Wierman, Executive Director
- Phone
- (303) 300-1131
- Website
- www.copas.org
- Return prepared by
- Green Forest Financial
Mission
COPAS provides expertise for the oil and gas industry through the development of model form accounting procedures, publications, education and provides a forum for the exchange of ideas which result in innovative business and accounting solutions.
Program accomplishments
- Publications, education and conferences supporting COPAS members and the oil and gas industry
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
- 75-2796868
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $402,382
- Income (IRS master file)
- $626,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $626,511 | $642,248 | $402,382 | IRS |
| 990 | December 2023 | $697,741 | $665,125 | $462,696 | XML |
| 990 | December 2022 | $706,511 | $597,148 | $605,641 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 75-2796868).
Questions about COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC
- What is the EIN of COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC?
- The employer identification number (EIN) of COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC is 75-2796868.
- Is COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2000.
- Are donations to COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES 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 COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES 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 COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES 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 COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC?
- The 990 for the year ended December 31, 2024 names Thomas H Wierman.
- Who are the officers and directors of COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $200,999 (Thomas Wierman, Executive Dir.).
- How much revenue does COUNCIL OF PETROLEUM ACCOUNTANTS SOCIETIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $626,511, expenses of $642,248 and total assets of $402,382 at year end.
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