FY22 Financial Results
The tables below summarize SPE's financial performance for FY22 (April 2021-March 2022).
Society of Petroleum Engineers (EIN: 75-2001539) is registered in the United States of America as a nonprofit organization with 501(c)(3) designation.
| Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2022 | |
|---|---|
|
Audited |
USD thousands |
|
Assets |
|
|
Cash and Cash Equivalents |
10,855 |
| Other Assets |
11,876 |
|
Reserve Fund Investments |
40,160 |
|
Property and Equipment |
9,796 |
| Interest in SPE Foundation |
11,049 |
|
Total Assets: |
83,736 |
|
Liabilities and Net Assets |
|
|
Accounts Payable |
11,614 |
|
Deferred Revenue |
9,952 |
|
Total Liabilities |
21,566 |
|
Net Assets |
62,170 |
|
Total Liabilities and Net Assets |
83,736 |
| Society of Petroleum Engineers (SPE) Stichting Consolidated Statement of Activity for the year ended 31 March 2022 | |
|---|---|
|
Audited |
USD thousands |
|
Meetings and Training Courses |
(1,586) |
|
Member Programs |
(2,728) |
|
Publications |
(4,040) |
|
Virtual Programs |
(382) |
|
Global Information Systems |
(5,151) |
|
Operating Surplus (Loss) |
(13,887) |
|
PPP Loans and Employee Retention Credits |
(8,002) |
|
SPE Global Investments |
2,009 |
|
Net Change in SPE Foundation |
(552) |
| Net Surplus/(Loss) | (4,428) |