NATIONAL PETROLEUM COUNCIL

EIN: 530182304

WASHINGTON, DC

Total Revenue
$5,413,719
Total Expenses
$6,350,281
Total Assets
$14,000,432
Net Assets
$1,880,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
DC
Principal Officer
MARSHALL NICHOLS
Phone
2023936100
Tax Period
2024-01-01 to 2024-12-31

NATIONAL PETROLEUM COUNCIL, founded in 1946, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Expenses of $6.4M exceeded revenue, resulting in a 17% operating deficit.

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.

Program Service Accomplishments

Program 1

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,315,786
Program Service Revenue $94
Investment Income $97,839
Other Revenue $0
TOTAL REVENUE $5,413,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,706,240
Fundraising Expenses $0
Other Expenses $1,644,041
TOTAL EXPENSES $6,350,281

Year-over-Year Comparison

2024 2023 Change
Revenue $5,413,719 $5,120,801 +0.1%
Expenses $6,350,281 $5,965,817 +0.1%
Net Income $-936,562 $-845,016 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
Employees
11
Volunteers
198

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$949,759
Total Directors
3
$0
Key Employees
1
$668,326
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN ARMSTRONG CHAIR 1.00
Officer Director
$0 $0 $0
RYAN M LANCE VICE CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER M GRANHOLM SECY OF ENERGY/CO-CHAIR 1.00
Director
$0 $0 $0
MARSHALL W NICHOLS EXECUTIVE DIRECTOR/SECRETARY 40.00
Officer
$742,176 $207,583 $949,759
JOHN H GUY IV DEPUTY EXECUTIVE DIRECTOR 40.00
Key Emp
$513,463 $154,863 $668,326
JAMES SLUTZ SENIOR COMMITTEE OPERATION 40.00
Highest
$320,058 $88,268 $408,326
STEPHEN NEWSTEDT FINANCE MANAGER 40.00
Highest
$200,171 $60,437 $260,608
PAMELA K DUNNING EXECUTIVE ASSISTANT 40.00
Highest
$185,780 $53,792 $239,572
ARTHUR CADEAUX SENIOR DESIGNER 40.00
Highest
$147,524 $60,356 $207,880
CARLA BYRD INFORMATION COORDINATOR 40.00
Highest
$132,330 $64,896 $197,226
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,413,719 $6,350,281 $14,000,432 $-936,562
2023 $5,120,801 $5,965,817 $13,062,006 $-845,016
2022 $4,977,923 $5,353,158 $13,950,382 $-375,235
2021 $4,502,849 $3,972,816 $13,184,202 $530,033
2020 $4,534,585 $4,090,534 $12,056,734 $444,051
2019 $5,058,565 $5,603,597 $11,143,751 $-545,032
2018 $5,158,944 $4,611,468 $10,684,165 $547,476
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