2025-05-28T13:37:26+00:00 2024-07-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-08-01 751992631 Offshore Technology Conference OFFS 9729529494 222 Palisades Creek Dr Richardson TX 75080 AMANDA RUSHING EXECUTIVE DIRECTOR 9729529494 2025-05-28 true Jeanette Verrelli P00742631 9727028262 2025-06-16 2023 2025-03-06 01:10:19Z AMANDA RUSHING 222 Palisades Creek Dr Richardson TX 75080 20472558 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 0 135 0 0 87600 45000 15397137 20151344 174918 276214 86 0 15659741 20472558 25000 10000 0 0 0 0 0 0 0 5414248 9240499 5439248 9250499 10220493 11222059 12485915 8922150 12385915 8822150 100000 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. THE OTC EVENT WAS HELD IN HOUSTON, TX MAY 6-9, 2024. 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. 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. 0 false true false false false false false false false false false false true true false true false false false true false false false false false false true false false false false false false false false false false false false false false false false true X 15 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 ALEX MARTINEZ CHAIR 1.0 X X 0 0 0 DAN MCCONNELL VICE CHAIR 1.0 X X 0 0 0 BOB WARREN DIRECTOR 1.0 X 0 0 0 BRIAN MILLER DIRECTOR 1.0 X 0 0 0 CARLOS MASTRANGELO DIRECTOR 1.0 X 0 0 0 DONALD BURRIS DIRECTOR 1.0 X 0 0 0 DOREEN CHIN DIRECTOR 1.0 X 0 0 0 GREG KUZINSKI DIRECTOR 1.0 X 0 0 0 JAMIE ALLAN DIRECTOR 1.0 X 0 0 0 JERRY CARROLL DIRECTOR 1.0 X 0 0 0 LIRIO QUINTERO DIRECTOR 1.0 X 0 0 0 NEIL KAVANAUGH DIRECTOR 1.0 X 0 0 0 ROD LARSON DIRECTOR 1.0 X 0 0 0 SANDEEP KHURANA DIRECTOR 1.0 X 0 0 0 LEIGH ANN RUNYAN EXECUTIVE DIRECTOR 10.0 X 0 0 0 STEVE BYRNE CFO 5.0 X 0 0 0 0 0 0 0 false false false Freeman Audio Visual Solutions PO Box 734596 Dallas TX 75373 AUDIO AND VISUAL 1281444 SMG Food and Beverage LLC One NRG Park Houston TX 77054 CATERING 1059145 Convex Malaysia Sdn Bhd Kuala Lumpur Convention Centre Kuala Lumpur City Centre Kuala Lumpur MY 50088 Hall Rental and Catering 939031 FTI Consulting (SC) Inc PO Box 418005 Boston MA 02241 CONSULTING SERVICES 235400 Innogen SDN Bhd No 1 Jalan Perusahaan 1 Taman Industri Selesa Jaya Bakakong Selangor MY 43300 EXHIBITION BOOTH & SIGNAGE 154631 8 45000 45000 OTC Houston 900099 14414829 14414829 OTC Brazil 900099 1019160 1019160 OTC Asia 900099 4717355 4717355 0 0 0 0 20151344 276214 276214 0 0 0 0 0 0 0 0 0 20472558 20151344 0 276214 10000 3219349 39542 41475 42250 731694 406304 284708 4405999 69178 0 9250499 2602113 1171731 70183 95901 7682331 6376188 0 0 1003969 291120 0 0 0 0 0 1127319 987210 12485915 8922150 384501 240045 11547310 7789756 0 454104 792349 12385915 8822150 X 100000 100000 100000 100000 12485915 8922150 X 11222059 0 0 0 0 -11222059 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due from related party 987210 987210 Due to related party 16490 Distributions payable 775859 792349 20472558 0 0 0 0 0 20472558 0 0 0 20472558 9250499 0 0 0 0 0 9250499 0 0 0 9250499 Schedule D, Part X, Line 2 ASC 740 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. South Asia 0 0 Program Services Conference 3118404 South America 0 0 Program Services Conference 161938 0 0 0 0 0 0 3280342 0 3280342 false false false false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual true Houston ToolBank 1215 Gazin Street Houston TX 77020 461152387 501(c)(3) 10000 Tool Lending 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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. 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;