2021-04-01T14:58:31-05:00 2020-07-31 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2019-08-01 751992631 Offshore Technology Conference % STEVE BYRNE OFFS 9729529494 222 Palisades Creek Dr Richardson TX 75080 STEPHEN L GRAHAM EXECUTIVE DIRECTOR 9729529407 2021-05-17 true Jeanette Verrelli P00742631 9727028262 2019 2022-09-23 18:48:47Z STEPHEN L GRAHAM 222 Palisades Creek Dr Richardson TX 75080 3140287 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 0 200 0 0 842500 39540 25070117 2949603 138725 117126 27018 34018 26078360 3140287 300000 0 0 0 0 0 0 0 0 10487356 3329936 10787356 3329936 15291004 -189649 27294525 14049503 27044525 13989152 250000 60351 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 2020 OTC Event - 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. 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THE FUNDS IN THIS ENDOWMENT ARE TO BE UTILIZED AT THE DISCRETION OF THE OTC BOARD TO DONATE TO A CHARITY THAT SUPPORTS AT-RISK YOUTHS INITIATIVES OR OTHER COMMUNITY SUPPORT GROUPS. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE 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 America Program Services Conference 390727 390727 390727 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 AMERICA. 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 2019 CALENDAR YEAR FOR THESE INDIVIDUALS: STEPHEN L. GRAHAM $ 31,614 STEVE BYRNE $ 7,358