American Petroleum Institute

Nonprofit profile at a glance

EIN
130433430
IRS 990 coverage
2010–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
202-682-8000
Rating confidence
Limited

Official website

Reported finances

Revenue
$252,327,496
Expenses
$255,421,069
Assets
$109,879,063
Liabilities
$108,642,792

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

62 people listed

Executive titles in this filing

  • MICHAEL J SOMMERS (PRESIDENT AND CEO)
  • SHANNON DIBARI (SENIOR VICE PRESIDENT AND COO)

Highest reported compensation

  • MICHAEL J SOMMERS (PRESIDENT AND CEO): $6,153,378 total reported compensation
  • AMANDA E EVERSOLE (EXECUTIVE VP & CHIEF ADVOCACY OFFR): $1,680,961 total reported compensation
  • SHANNON DIBARI (SENIOR VICE PRESIDENT AND COO): $1,080,172 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advance the U.S. oil and natural gas industry’s priorities in Washington and across the country.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 94
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 97.6%; rating input score 98; 53rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.2%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.99; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 6.2%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.4% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 4 operating locations identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 41 of 42 board members independent · 8 of 9 filing controls reported
  • Programs: 6 filed program accomplishments
  • Leadership: top reported pay $6.2M · 62 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $37.9M reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 29 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.