OFFSHORE TECHNOLOGY CONFERENCE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: OFFSHORE TECHNOLOGY CONFERENCE INC (EIN 75-1992631)
Tax period: 2023-08-01 to 2024-07-31
Filed: 2025-05-28
IRS object ID: 202501489349300935
Schema version: 2023v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule F
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-05-28T13:37:26+00:00	ReturnTs
Tax Period End	2024-07-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	440160260	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Forvis Mazars LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	14221 Dallas Parkway Suite 400	AddressLine1Txt
City	Dallas	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75254	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-08-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	751992631	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Offshore Technology Conference	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	OFFS	BusinessNameControlTxt
Phone	9729529494	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	222 Palisades Creek Dr	AddressLine1Txt
City	Richardson	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75080	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	AMANDA RUSHING	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	9729529494	PhoneNum
Signature	2025-05-28	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeanette Verrelli	PreparerPersonNm
PTIN	P00742631	PTIN
Phone	9727028262	PhoneNum
Preparation	2025-06-16	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AMANDA RUSHING	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	222 Palisades Creek Dr	AddressLine1Txt
City	Richardson	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75080	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$20,472,558	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.otcnet.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1969	FormationYr
Legal Domicile State	TX	LegalDomicileStateCd
Activity Or Mission	OTC IS ORGANIZED AND OPERATED EXCLUSIVELY TO PROMOTE AND FURTHER THE ADVANCE OF SCIENTIFIC AND TECHNICAL KNOWLEDGE OF OFFSHORE RESOURCES AND RELATED ENVIRONMENTAL MATTERS.	ActivityOrMissionDesc
Voting Members Governing Body	14	VotingMembersGoverningBodyCnt
Voting Members Independent	14	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	135	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$87,600	PYContributionsGrantsAmt
CY Contributions Grants	$45,000	CYContributionsGrantsAmt
PY Program Service Revenue	$15,397,137	PYProgramServiceRevenueAmt
CY Program Service Revenue	$20,151,344	CYProgramServiceRevenueAmt
PY Investment Income	$174,918	PYInvestmentIncomeAmt
CY Investment Income	$276,214	CYInvestmentIncomeAmt
PY Other Revenue	$86	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$15,659,741	PYTotalRevenueAmt
CY Total Revenue	$20,472,558	CYTotalRevenueAmt
PY Grants And Similar Paid	$25,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$10,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$5,414,248	PYOtherExpensesAmt
CY Other Expenses	$9,240,499	CYOtherExpensesAmt
PY Total Expenses	$5,439,248	PYTotalExpensesAmt
CY Total Expenses	$9,250,499	CYTotalExpensesAmt
PY Revenues Less Expenses	$10,220,493	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$11,222,059	CYRevenuesLessExpensesAmt
Total Assets BOY	$12,485,915	TotalAssetsBOYAmt
Total Assets EOY	$8,922,150	TotalAssetsEOYAmt
Total Liabilities BOY	$12,385,915	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$8,822,150	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$100,000	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$100,000	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	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. THE OTC EVENT WAS HELD IN HOUSTON, TX MAY 6-9, 2024.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	OTC ASIA - THE OFFSHORE TECHNOLOGY CONFERENCE (OTC) WHERE ENERGY PROFESSIONALS MEET TO EXCHANGE IDEAS AND OPINIONS TO ADVANCE SCIENTIFIC AND TECHNICAL KNOWLEDGE FOR OFFSHORE RESOURCES. THE EVENT OCCURRED FEBRUARY 27 - MARCH 1, 2024.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Desc	OTC BRASIL - 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 OCTOBER 24-26, 2023.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$0	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	15	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (true)	ForeignFinancialAccountInd
Foreign Country	BR	ForeignCountryCd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	14	GoverningBodyVotingMembersCnt
Independent Voting Member	14	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (true)	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	false	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Steve Byrne	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9729529407	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	222 Palisades Creek Dr	AddressLine1Txt
City	Richardson	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75080	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
ALEX MARTINEZ
CHAIR	1.0	Yes (X)	Yes (X)	$0	$0	$0
DAN MCCONNELL
VICE CHAIR	1.0	Yes (X)	Yes (X)	$0	$0	$0
BOB WARREN
DIRECTOR	1.0	Yes (X)		$0	$0	$0
BRIAN MILLER
DIRECTOR	1.0	Yes (X)		$0	$0	$0
CARLOS MASTRANGELO
DIRECTOR	1.0	Yes (X)		$0	$0	$0
DONALD BURRIS
DIRECTOR	1.0	Yes (X)		$0	$0	$0
DOREEN CHIN
DIRECTOR	1.0	Yes (X)		$0	$0	$0
GREG KUZINSKI
DIRECTOR	1.0	Yes (X)		$0	$0	$0
JAMIE ALLAN
DIRECTOR	1.0	Yes (X)		$0	$0	$0
JERRY CARROLL
DIRECTOR	1.0	Yes (X)		$0	$0	$0
LIRIO QUINTERO
DIRECTOR	1.0	Yes (X)		$0	$0	$0
NEIL KAVANAUGH
DIRECTOR	1.0	Yes (X)		$0	$0	$0
ROD LARSON
DIRECTOR	1.0	Yes (X)		$0	$0	$0
SANDEEP KHURANA
DIRECTOR	1.0	Yes (X)		$0	$0	$0
LEIGH ANN RUNYAN
EXECUTIVE DIRECTOR	10.0		Yes (X)	$0	$0	$0
STEVE BYRNE
CFO	5.0		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	Address Line2ContractorAddress/ForeignAddress/AddressLine2Txt	CityContractorAddress/ForeignAddress/CityNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd	Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm
Freeman Audio Visual Solutions
PO Box 734596	Dallas	TX	75373	AUDIO AND VISUAL	$1,281,444
SMG Food and Beverage LLC
One NRG Park	Houston	TX	77054	CATERING	$1,059,145
Convex Malaysia Sdn Bhd
				Hall Rental and Catering	$939,031	Kuala Lumpur Convention Centre	Kuala Lumpur City Centre	Kuala Lumpur	MY	50088
FTI Consulting (SC) Inc
PO Box 418005	Boston	MA	02241	CONSULTING SERVICES	$235,400
Innogen SDN Bhd
				EXHIBITION BOOTH & SIGNAGE	$154,631	No 1 Jalan Perusahaan 1	Taman Industri Selesa Jaya	Bakakong	MY	43300	Selangor

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	8	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$45,000	AllOtherContributionsAmt
Total Contributions	$45,000	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTC Houston	900099	$14,414,829	$14,414,829
OTC Brazil	900099	$1,019,160	$1,019,160
OTC Asia	900099	$4,717,355	$4,717,355

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$20,151,344	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$276,214	TotalRevenueColumnAmt
Exclusion	$276,214	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$0	OtherAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$20,472,558	TotalRevenueColumnAmt
Related Or Exempt Func Income	$20,151,344	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$276,214	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$10,000	TotalAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$3,219,349	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$39,542	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$41,475	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$42,250	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$731,694	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$406,304	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$284,708	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$4,405,999	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$69,178	TotalAmt

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,250,499	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,602,113	BOYAmt
EOY	$1,171,731	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$70,183	BOYAmt
EOY	$95,901	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$7,682,331	BOYAmt
EOY	$6,376,188	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,003,969	BOYAmt
EOY	$291,120	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$0	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$0	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,127,319	BOYAmt
EOY	$987,210	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$12,485,915	BOYAmt
EOY	$8,922,150	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$384,501	BOYAmt
EOY	$240,045	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$11,547,310	BOYAmt
EOY	$7,789,756	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$454,104	BOYAmt
EOY	$792,349	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$12,385,915	BOYAmt
EOY	$8,822,150	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$100,000	BOYAmt
EOY	$100,000	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$100,000	BOYAmt
EOY	$100,000	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$12,485,915	BOYAmt
EOY	$8,922,150	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$11,222,059	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$0	NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Investment Expense	$0	InvestmentExpenseAmt
Prior Period Adjustments	$0	PriorPeriodAdjustmentsAmt
Other Changes In Net Assets	-$11,222,059	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	Due from related party	Desc
Book Value	$987,210	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$987,210	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
Due to related party	$16,490
Distributions payable	$775,859

Field	Value	IRS element (for citing)
Total Liability	$792,349	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$20,472,558	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$0	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$0	DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants	$0	RecoveriesPriorYearGrantsAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$20,472,558	RevenueSubtotalAmt
Investment Expenses Not Incld	$0	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$0	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$20,472,558	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$9,250,499	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$0	DonatedServicesUseFcltsAmt
Prior Year Adjustments	$0	PriorYearAdjustmentsAmt
Losses Reported	$0	LossesReportedAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$9,250,499	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$0	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$0	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$9,250,499	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule D, Part X, Line 2 ASC 740	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
South Asia	0	0	Program Services	Conference	$3,118,404
South America	0	0	Program Services	Conference	$161,938

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$3,280,342	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$3,280,342	TotalSpentAmt
Transfer To Foreign Corp	false	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	false	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	false	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	FormAndLineReferenceDesc
Explanation	SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Houston ToolBank	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1215 Gazin Street	AddressLine1Txt
City	Houston	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	77020	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	461152387	RecipientEIN
IRC Section	501(c)(3)	IRCSectionDesc
Cash Grant	$10,000	CashGrantAmt
Purpose Of Grant	Tool Lending	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	The OTC Awards Committee selects a charity of choice for an annual donation to be received from proceeds received from the awards banquet. DUE TO THE NATURE OF THE GRANTS AND DONATIONS, THE ORGANIZATION DOES NOT MONITOR THE USE OF FUNDS PROVIDED TO THE CHARITABLE ORGANIZATIONS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 3 Delegation of management duties	IN AUGUST 2022, 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 2023 CALENDAR YEAR FOR THESE INDIVIDUALS: LEIGH ANN RUNYAN $ 13,124 STEVE BYRNE $ 3,332
Form 990, Part VI, Line 11b Review of form 990 by governing body	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, Line 12c 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, Line 19 Required documents available to the public	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 XI, Line 9 Other changes in net assets or fund balances	Distributions to Sponsoring Societies - -11222059;