Financial Information
Dues
Student member dues are currently sponsored by Halliburton.
Student Chapter Rebates
Beginning in the 2005-2006 academic year, the dues rebate program has been suspended while any dues sponsorship programs are ongoing.
Travel Reimbursement
To assist members of student chapters in attending various society-sponsored meetings, SPE provides a travel reimbursement program. The travel reimbursement funds available to each student chapter are calculated by the number of SPE student chapter members who have paid their SPE dues by 1 May of the previous year. The maximum allotted to any chapter is USD 10 per student chapter member up to a maximum of USD 2,000 per chapter in good standing as of 1 May of the previous year. If, for example, a chapter has 75 members in good standing as of 1 May, it would be eligible for USD 750 in travel reimbursement funds.
The full amount of reimbursement will be distributed the first of September
to only those student chapters who have submitted the student chapter’s annual
report and the faculty sponsor submitted written confirmation that funds would
be used only for travel. To obtain this reimbursement, the Travel
Reimbursement Affidavit 
must be signed by the faculty
advisor and chapter annual reports sent to SPE no later
than 1 April of each year. Travel Reimbursement will not be distributed
if forms are received after that date. NO EXCEPTIONS WILL BE MADE.
Travel reimbursement funds may be used only for that purpose. They may not be used for chapter social activities. The Treasurer will need to be certain to account for travel reimbursement funding to assure that it is spent only as intended.
Tax Exempt Status (US-based Chapters Only)
The Society of Petroleum Engineers is exempt from US federal income tax as a
501(c)(3) nonprofit organization. No US student chapter should apply for
exemption from US federal income tax. If any student chapter is requested to do
so by the US Internal Revenue Service, SPE should be contacted immediately.
SPE’s US federal tax identification number is 75-2001539. This number is to be
used whenever a student chapter is called upon to furnish a US taxpayer
identifying number. This number also could exempt US student chapters from
payment of some sales taxes. An exemption certificate
bearing this number may be
completed and used as described on the form.
Financial Statement
SPE requests that a yearly financial
statement 
be submitted by
all student chapters. Please complete all the blanks and return it to SPE with
your chapter’s annual report by 1 April each year.
