FY24 Financial Results
The tables below summarize SPE's financial performance for FY24 (April 2023-March 2024).
Society of Petroleum Engineers (EIN: 75-2001539) is registered in the United States of America as a nonprofit organization with 501(c)(3) designation.
Statement of Financial Position
Consolidated Statement of Financial Position for the year ended 31 March 2024
|
Audited |
USD thousands |
|
Assets |
|
|
Cash and Cash Equivalents |
10,306 |
| Other Assets |
12,275 |
|
Reserve Fund Investments |
34,432 |
|
Property and Equipment |
8,797 |
| Interest in SPE Foundation |
9,910 |
|
Total Assets: |
75,720 |
|
Liabilities and Net Assets |
|
|
Accounts Payable |
10,726 |
|
Deferred Revenue |
12,964 |
|
Total Liabilities |
23,690 |
|
Net Assets |
52,030 |
|
Total Liabilities and Net Assets |
75,720 |
Statement of Activity
Consolidated Statement of Activity for the year ended 31 March 2024
|
Audited |
USD thousands |
|
Events |
9,066 |
|
Multimedia |
(819) |
|
Member Programs |
(3,553) |
|
Publications |
(4,659) |
|
GEODE |
(36) |
|
Global Information Systems |
(3,612) |
|
Operating Surplus (Loss) |
(3,613) |
|
SPE Global Investments |
(4,536) |
|
Net Change in SPE Foundation |
(158) |
|
Net Surplus/(Loss) |
(1,081) |