National Petroleum Council

Nonprofit profile at a glance

EIN
530182304
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2023936100
Rating confidence
Limited

Official website

Reported finances

Revenue
$5,413,719
Expenses
$6,350,281
Assets
$14,000,432
Liabilities
$12,120,077

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

Leadership & pay

10 people listed

Executive titles in this filing

  • MARSHALL W NICHOLS (EXECUTIVE DIRECTOR/SECRETARY)
  • JOHN H GUY IV (DEPUTY EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARSHALL W NICHOLS (EXECUTIVE DIRECTOR/SECRETARY): $949,759 total reported compensation
  • JOHN H GUY IV (DEPUTY EXECUTIVE DIRECTOR): $668,326 total reported compensation
  • JAMES SLUTZ (SENIOR COMMITTEE OPERATION): $408,326 total reported compensation

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

Overview

Mission

The sole purpose of the national petroleum council is to advise, inform, and make recommendations in writing as requested by the secretary of energy with respect to any matter relating to oil and gas or to the oil and gas industries.

What it reported doing in 2024

In 2024, the national petroleum council's (npc) primary activities were associated with the completion of two npc studies conducted in response to requests from the secretary of energy and the development of potential future study topics to discuss in 2025 with the incoming administration.hydrogen energy studyby letter dated november 8, 2021, secretary granholm formally requested the npc to undertake "a study on the deployment of low and zero carbon hydrogen energy at scale through the entire value chain." during 2022, the npc organized study teams, held study group meetings, conducted study analyses, and developed a report outline on this topic. Most of the study group meeting and analyses activities were conducted during 2023, involving approximately 300 participants. The study was completed, and the report was approved at the april 23, 2024, npc meeting with printing of the summary volume and post-approval report outreach/communication activities being conducted throughout the remainder of 2024. Printing of the full-volume report will follow in 2025. Greenhouse gas (ghg) emissions studyby letter dated april 22, 2022, secretary granholm formally requested the npc to undertake "a study that defines pathways and prioritizes options for ghg emissions reduction across the u.s. Natural gas value chain." during the remainder of 2022, the npc organized study teams, held study group meetings, conducted study analyses, and developed a report outline on this topic. Most of the study group meeting and analyses activities were conducted during 2023, involving over 200 participants. The study was completed in the first quarter of 2024 and the final report was approved at the april 23, 2024, npc meeting. Printing of the summary volume and post-approval report outreach and communication activities were conducted throughout the remainder of 2024. The full report volumes will be printed in 2025. Potential future study topicsduring the april 2024 npc meeting, doe requested the council to develop a list and summary scope of potential new study topics to discuss with the next administration. A report on potential study topics was completed in late 2024.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
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: 84
  • Accountability: 100
  • Sustainability: 24
  • Growth: 60

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; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.3%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 2.2; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 46.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 0.7% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 2 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $950K · 10 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $195K reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

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

  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.