2023-05-15T10:05:07-05:00 2022-07-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2021-08-01 751992631 Offshore Technology Conference % STEVE BYRNE OFFS 9729529494 222 Palisades Creek Dr Richardson TX 75080 LEIGH ANN RUNYAN EXECUTIVE DIRECTOR 9729529407 2022-12-15 true LEIGH ANN RUNYAN 999009999 Jeanette Verrelli P00742631 9727028262 2 2021 2023-04-26 12:10:37Z LEIGH ANN RUNYAN 222 Palisades Creek Dr Richardson TX 75080 23847449 false X www.otcnet.org X 1969 TX OTC is organized and operated exclusively to promote and further the advance of scientific and technical knowledge of offshore resources and related environmental matters. 14 14 0 126 0 0 0 132500 970903 23705058 0 9733 13508 158 984411 23847449 0 51986 0 0 0 0 0 0 0 2629017 10181886 2629017 10233872 -1644606 13613577 13421893 12479859 15156148 12379859 -1734255 100000 THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS. false false OTC HOUSTON - THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) IS WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES AND ENVIRONMENTAL MATTERS. TWO OTC EVENTS WERE HELD IN THIS TAX YEAR AS THE 2021 OTC EVENT OCCURRED DURING AUGUST 6-9, 2021 AND THE 2022 OTC EVENT OCCURRED MAY 2-5, 2022. OTC ASIA - The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. The event was conducted March 22-25, 2022 in Kuala Lumpur, Malaysia. false true false false false false false false true false false false true true false true false false false true true false false false false false true false false false false false false false false false false false false false false false false true 24 0 true 0 false true BR false false false false false false X 14 14 false true false false false false false true true false false false true true true true true false false false X STEVE BYRNE 9729529407 222 PALISADES CREEK DR RICHARDSON TX 75080 X X Jerry Carroll Director 1.0 0.0 X 0 0 0 Doreen Chin DIRECTOR 1.0 0.0 X 0 0 0 Galen Cobb DIRECTOR End: 3/22 1.0 0.0 X 0 0 0 Carlos Mastrangelo Director 1.0 0.0 X 0 0 0 Paul Jones Chair 1.0 0.0 X X 0 0 0 Greg Kusinski DIRECTOR 1.0 0.0 X 0 0 0 Steve Leverette DIRECTOR 1.0 0.0 X 0 0 0 Alex Martinez DIRECTOR 1.0 0.0 X 0 0 0 Brian Miller DIRECTOR 1.0 0.0 X 0 0 0 Dan McConnell Director 1.0 0.0 X 0 0 0 Lirio Quintero DIRECTOR 1.0 0.0 X 0 0 0 Sandeep Khurana DIRECTOR 1.0 0.0 X 0 0 0 Bob Warren Director 1.0 0.0 X 0 0 0 Rod Larson Director Start: 5/22 1.0 0.0 X 0 0 0 Jamie Allan Director 1.0 0.0 X 0 0 0 Steve Byrne CFO 5.0 0.0 X 0 0 0 Leigh Ann Runyan EXECUTIVE DIRECTOR Start:04/21 10.0 0.0 X 0 0 0 0 0 0 0 false false false Freeman Audio Visual Solutions PO Box 734596 DALLAS TX 75373 Audio and Visual 782407 Society of Petroleum Engineers 222 PALISADES CREEK DR RICHARDSON TX 75080 Management 1041825 SMG Food and Beverage LLC NRG PARK ONE NRG PARK HOUSTON TX 77054 Catering 355733 NRG PARK NRG Park One NRG Park HOUSTON TX 77054 Venue 173000 Convex Malaysia Sdn Bhd LVL 2 E WING KUALA LUMPUR CONVT KUALA LUMPUR WILAYAH PERSEKUTU MY 50088 Venue 237880 9 132500 132500 OTC Houston 900099 20730395 20730395 OTC Asia 900099 2974663 2974663 23705058 9733 9733 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TAX REFUNDS 900099 158 158 158 23847449 23705058 0 9891 26986 0 25000 0 0 0 0 0 0 0 0 1993082 2470 32890 0 0 0 4846 425671 659560 0 0 0 171634 0 6776045 0 0 0 115688 10233872 0 0 0 3677435 3984354 3630609 637386 0 0 1977505 6515006 0 0 0 0 0 0 0 0 2071392 37428 0 0 0 0 0 0 0 0 0 0 2064952 1305685 13421893 12479859 382947 1820335 0 0 14747029 9273705 0 0 0 0 0 0 0 0 0 0 26172 1285819 15156148 12379859 X -1734255 100000 0 0 -1734255 100000 13421893 12479859 X 13613577 -11779322 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 50000 100000 150000 250000 200000 50000 false false Due from Related Party 1305685 1305685 0 Due to Related Party 67405 DISTRIBUTIONS PAYABLE 1218414 1285819 23847449 23847449 23847449 10233872 10233872 10233872 SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THIS GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART V, LINE 4 INTENDED USE OF ENDOWMENT FUNDS: The OTC Board approved the distribution of the $150K back to the societies so there is no endowment funds as of the end of the fiscal year. The purpose of the endowed funds was to ensure that funds were available to provide to a charitable organization that OTC supports from the proceeds of its annual dinner. true South Asia 0 0 Program Services Conference 2238134 Europe (Including Iceland and Greenland) 0 0 Program Services Grants 25000 0 0 0 0 2263134 2263134 Europe (Including Iceland and Greenland) To support Ukrainian refugees 25000 wire transfr 1 false false false false false false SCHEDULE F, PART I, LINE 3, COLUMN (F) TOTAL EXPENDITURES FOR AND INVESTMENTS IN THE REGION: THE ORGANIZATION USES THE ACCRUAL METHOD TO REPORT THE AMOUNT OF EXPENDITURES IN SOUTH ASIA. SCHEDULE F, PART I, LINE 2 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE US: DUE TO THE NATURE OF THE GRANTS AND DONATIONS, THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS PROVIDED TO THE CHARITABLE ORGANIZATIONS. true United Against Human Trafficking 6671 Southwest Freeway Suite 220 Houston TN 77074 261103492 501(C)(3) 26986 to support the fight against human trafficking 1 SCHEDULE I, PART I, LINE 2 PROCEDURE FOR MONITORING THE USE OF GRANT FUNDS IN THE US: DUE TO THE NATURE OF THE GRANTS AND DONATIONS, THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS PROVIDED TO THE CHARITABLE ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: FORM 990 IS REVIEWED BY THE OTC EXECUTIVE DIRECTOR AND SPE CHIEF FINANCIAL OFFICER (CFO). A COPY OF THE FORM 990 WILL BE PROVIDED TO THE OTC AUDIT COMMITTEE BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE PUBLIC MAY REQUEST OFFSHORE TECHNOLOGY CONFERENCE (OTC) DOCUMENTS, TAX RETURNS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY AND/OR OTC FINANCIAL STATEMENTS BY CONTACTING THE OTC RICHARDSON, TX OFFICE. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY: OTC REGULARLY AND CONSISTENTLY ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY VIA ITS INTERNAL AUDIT PROCESSES. GRANT THORNTON PERFORMS THE INTERNAL AUDIT ACTIVITY FOR THE SOCIETY OF PETROLEUM ENGINEERS (SPE) WHO IS THE MANAGEMENT OF OTC AND AUDITS THE CONTRACTING AND DISBURSEMENT PROCESSES TO ENSURE THAT NO CONTRACTS ARE ISSUED, OR PAYMENTS MADE TO PERSONS OR ENTITIES THAT WOULD HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF MANAGEMENT: IN AUGUST 2016, OTC ENTERED INTO A MANAGEMENT SERVICES AGREEMENT WITH SOCIETY OF PETROLEUM ENGINEERS, INC (SPE), WHEREBY SPE PROVIDES EXECUTIVE MANAGEMENT AND OPERATIONAL SERVICES FOR OTC. PER IRS GUIDANCE, THE COMPENSATION PAID BY THE MANAGEMENT COMPANY IS NOT SHOWN ON FORM 990, PART VII, FOR THE 2021 CALENDAR YEAR FOR THESE INDIVIDUALS: Leigh Ann Runyan $ 66,595 STEVE BYRNE $ 1,975 FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: Distribution to Sponsoring Organization $ (11,779,322)