Overview

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Est.

1919

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The AMERICAN PETROLEUM INSTITUTE is a business promotion organization, with its mission statement referenced in Form 990, Part III, Line 1. For filing year 2024, it reported an operating budget of $255.1M and total revenue of $252.3M, with funding that includes GPA Midstream Association and AMERICAN GAS ASSOCIATION.

Mission Statement

SEE FORM 990, PART III, LINE 1 FOR COMPLETE MISSION STATEMENT
Revenues
$252.3M
Expenses
$255.4M
Net Income:
-$3.1M
Assets
$109.9M
Liabilities
$108.6M
Net Assets:
+$1.2M
Operating Budget
$255.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$30K
Largest grant received
$50K
M
Michael J Sommers
Board Member
L
Lorenzo Simonelli
Board Member
R
Roderick D Larson
Board Member
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  • 2 funders
  • 189 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is AMERICAN PETROLEUM INSTITUTE’s budget?
In 2024, AMERICAN PETROLEUM INSTITUTE reported an annual operating budget of around $255.1 million. More detailed financial information is available to registered users.
What causes does AMERICAN PETROLEUM INSTITUTE support?
AMERICAN PETROLEUM INSTITUTE supports work in Business promotion.
Where does AMERICAN PETROLEUM INSTITUTE operate?
AMERICAN PETROLEUM INSTITUTE is headquartered in Washington, DC.
Who funded AMERICAN PETROLEUM INSTITUTE recently?
In 2024, AMERICAN PETROLEUM INSTITUTE received grants from GPA Midstream Association, AMERICAN GAS ASSOCIATION, and AMERICAN GAS ASSOCIATION. More information on this organization’s funders is available to registered users.
What is the largest grant AMERICAN PETROLEUM INSTITUTE received in 2024?
The largest grant to AMERICAN PETROLEUM INSTITUTE in 2024 exceeds $50 thousand.