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Full text of "American Petroleum Institute Tax Return for 2007"

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Or call the IRS Identity Theft Hotline at 1-800-908-4490 



lefile GRAPHIC print - DO NOT PROCESS I As Filed Data 



I 



DLN: 93490134010128 



Form 



990 



Department of the Treasury 
Internal Revenue Service 



Return of Organization Exempt From Income Tax 

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 

benefit trust or private foundation) 

Hhe organization may have to use a copy of this return to satisfy state reporting requirements 



OMB No 1545-0047 



2007 



Open to Public 
Inspection 



A For the 2007 c alendar year, or tax year beginning 01-01-2007 and ending 12-31-2007 

B Check if applicable 
| Address change 

| Name change 

| Initial return 

| Final return 

| Amended return 

| Application pending 

# Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable 
trusts must attach a completed Schedule A (Form 990 or 990-EZ). 

G Web site: ►■ www a pi org 



Please 
use IRS 
label or 
print or 
type. See 
Specific 
Instruc- 
tions. 


C Name of organization 
AMERICAN PETROLEUM INSTITUTE 


D Employer identification number 

13-0433430 


Number and street (or P box if mail is not delivered to street address) 
1220 L STREET NW 


Room/suite 


E Telephone number 

(202) 682-8350 


City or town, state or country, and ZIP + 4 
WASHINGTON, DC 20005 


F Accounting method | Cash p" Accrual 
f~ Other (specify) ► 



J Organization type (check only one) ►■ p" 501(c) (6) ^ (insert i 



f~ 4947(a)(1) or f 527 



K Check here ►■ | if the organization is not a 509(a)(3) supporting organization and its gross receipts are 
normally not more than 25,000 A return is not required, but if the organization chooses to file a return, 
be sure to file a complete return 



L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 ►■ 198,119,909 



H and I are not applicable to section 527 organizations 
H(a) Is this a group return for affiliates? | Yes P" No 

H(b) If "Yes" enter number of affiliates ►■ 

H(c) Are all affiliates included? |~~ Yes |~" No 

(If "No," attach a list See instructions ) 

H(d) Is this a separate return filed by an organization 

covered by a group ruling? | Yes p" No 



Group Exemption Numbers- 



Check ►- pif the organization is not required to 
attach Sch B (Form 990, 990-EZ, or 990-PF) 



c 


i 

a 
b 
c 
d 

e 
2 
3 
4 
5 
6a 

b 

c 
7 
8a 

b 

c 
d 
9 

a 

b 

c 

10a 

b 

c 

11 

12 


Revenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions.) 




Contributions, gifts, grants, and similar amounts received 

Direct public support (not included on line la) 

Indirect public support (not included on line la) .... 

Government contributions (grants) (not included on line la) 


la 




le 






lb 








lc 








Id 








Total (add lines la throuqh Id) (cash $ noncash $ 


) 
from Part VII, line 93) . 






Program service revenue including government fees and contracts ( 


2 


34,857,738 






3 


159,413,347 










Interest on savings and temporary cash in\ 




4 


3,750,327 












5 














6a 




6c 












6b 














Net rental income or (loss) subtract line 6b 
Other investment income (describe ►■ ) 














w 


7 




iu 
in 


Gross amount from sales of assets 

Less cost or other basis and sales expenses 
Gain or (loss) (attach schedule) 


(A) Securities 




(B) Other 


8d 




C£ 




8a 


6,400 






215,867 


8b 








-215,867 


8c 


@ 6,400 






Net gain or (loss) Combine line 8c, column 


s (A) and (B) 


-209,467 










Special events and activities (attach schedule) If any amount is fro 
Gross revenue (not mcludinq $ of 

Less direct expenses other than fundraising expenses 


m gam 
9a 


ing, check here S-| 


9c 






9b 








Net income or (loss) from special events Subtract line 9b from line c 


)a 






Gross sales of inventory, less returns and allowances 


10a 




10c 






10b 














Gross profit or (loss) from sales of inventory (attach schedule) Subtract line 10b frc 


m line 10a 






Other revenue (from Part VII, line 103) 




11 


92,097 










Total revenue Add lines le, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11 


12 


197,904,042 




13 
14 
15 
16 
17 


Program services (from line 44, column (B] 
Management and general (from line 44, col 


) 


13 










'H 


14 












15 










3i 

LjJ 


Payments to affiliates (attach schedule) 
Total expenses Add lines 16 and 44, colum 




16 






n (A) 






17 


187,053,859 








irt 


18 
19 
20 
21 




18 


10,850,183 


'A 


19 


30,957,661 


1. 


20 


-7,266,016 


2 


Net assets orfund balances at end of year 


Combine lines 18, 19, ar 


d 20 






21 


34,541,828 



For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. 



Cat No 11282Y 



Form 990 (2007) 



Form 990 (2007) 



Page 2 



Statement Of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 

Functional Expenses 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional 

for others (See the instructions.) 



Do not include amounts reported on line 
6b, 8b, 9b, 10b, or 16 of Part I. 




(A) Total 


(B) Program 
services 


(C) Management 
and general 


(D) Fundraising 


22a Grants paid from donor advised funds (attach Schedule) 
(cash $ noncash $ ) 
If this amount includes foreign grants, check here ►■ | 


22a 










22b Other grants and allocations (attach schedule) 

(cash $ noncash $ ) 
If this amount includes foreign grants, check here ►■ | 


22b 








23 Specific assistance to individuals (attach schedule) 


23 








24 Benefits paid to or for members (attach schedule) 


24 








25a Compensation of current officers, directors, key employees 
etc Listed in Part V-A (attach schedule) .... 


25a 


4,217,555 








b Compensation of former officers, directors, key employees 
etc listed in Part V-B (attach schedule) .... 


25b 










c Compensation and other distributions not icluded above to 
disqualified persons (as defined under section 4958(f)(1)) and 
persons described in section 4958(c)(3)(B) (attach schedule) 


25c 










26 Salaries and wages of employees not included 


26 


24,123,440 








27 Pension plan contributions not included on 


27 


683,645 








28 Employee benefits not included on lines 

25a - 27 


28 


4,962,569 










29 


1,803,125 










30 










31 Accounting fees 


31 


752,904 










32 


1,089,079 










33 


1,093,800 










34 


511,218 










35 


319,268 










36 


4,220,379 








37 Equipment rental and maintenance .... 


37 


98,931 










38 


398,720 








39 Travel 


39 


2,928,432 








40 Conferences, conventions, and meetings 


40 


2,203,833 










41 










42 Depreciation, depletion, etc (attach schedule) TS 


42 


1,373,297 








43 Other expenses not covered above (itemize) 
a See Additional Data Table 


43a 










b 


43b 










c 


43c 










d 


43d 










e 


43e 










f 


43f 










g 


43g 










44 Total functional expenses. Add lines 22a through 43g 

(Organizations completing columns (B)-(D), carry these totals 
to lines 13—15) 


44 


187,053,859 









Joint Costs. Check ► |~" if you are following SO P 98-2 

Are any joint costs from a combined educational campaign and fundraising 

If "Yes," enter (i) the aggregate amount of these joint costs $ 

(iii) the amount allocated to Management and general $ , an 



solicitation reported in (B) Program services 7 ►■ I Yes I No 

, (ii) the amount allocated to Program services $ , 

d (iv) the amount allocated to Fundraising $ 



Form 990 (2007) 



Form 990 (2007) Page 3 

miTTT] Statement of Program Service Accomplishments (See the instructions.) 

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular 
organization How the public perceives an organization in such cases may be determined by the information presented on its return 
Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and 
accomplishments 



What is the organization's primary exempt purpose? ►"API is the U S oil and natural gas industry's primary 

trade association API --Engages in federal and 
state legislative and regulatory advocacy that is 
based on scientific research, technical, legal and 
economic analysis, and public issues 
communication, --Provides an industry forum to 
develop consensus policies and collective action on 
issues impacting its members, and--works 
collaboratively with all industry oil and gas 
associations, and other organizations, to enhance 
industry unity and effectiveness in its advocacy api 
also provides the opportunity for standards 
development, technical cooperation and other 
activities to improve the industry's competitiveness 
through sponsorship of self-supporting 
programs api's mission is to influence public policy in 
support of a strong, viable u s oil and natural gas 
industry essential to meet the energy needs of 
consumers in an efficient, environmentally 
responsible manner 

All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served, 
publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt 
charitable trusts must also enter the amount of grants and allocations to others ) 



Program Service 
Expenses 

(Required for 501(c)(3) and 

(4) orgs , and 4947(a)(1) 

trusts, but optional for 

others ) 



See Additional Data Table 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ►■ | 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ►■ | 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ►■ | 



(Grants and allocations $ 



) If this amount includes foreign grants, check here ►■ | 



e Other program services (attach schedule) 
(Grants and allocations $ 



) If this amount includes foreign grants, check here ►■ | 



f Total of Program Service Expenses (should equal line 44, column (B), Program services) 



Form 990 (2007) 



Form 990 (2007) 



Page 4 



Balance Sheets (See the instructions.) 



Not 


e: 


Where required, attached schedules and amounts within the description 
column should be for end-of-year amounts only. 


(A) 

Beginning of year 




(B) 

End of year 




45 
46 

47a 
b 

48a 
b 
49 
50a 

b 

51a 

b 
52 
53 
54a 

b 
55a 

b 

56 
57a 
b 

58 
59 






45 












37,691,169 


46 


37,371,241 




Less allowance for doubtful accounts 
Less allowance for doubtful accounts 


47a 


4,077,808 


4,430,446 


47c 






47b 


175,000 


3,902,808 




48a 






48c 






48b 














49 






Receivables from current and former officers, directors, trustees, and 








50a 






Receivables from other disqualified persons (as defined under section 
4958(c)(3)(B) (attach schedule) 








50b 












Other notes and loans receivable (attach 
Less allowance for doubtful accounts 


51a 






51c 






51b 






^ 






23,033 


52 


28,079 


< 






791,771 


53 


998,982 




Investments— publicly-traded securities . ►■ | Cost p"FMV 
Investments— other securities (attach schedule) ►■ | Cost | FMV 






41,125,476 


54a 


55,376,657 






54b 






Investments— land, buildings, and 
Less accumulated depreciation (attach 


55a 






55c 






55b 








Investments— other (attach schedule) 






56 






Land, buildings, and equipment basis 
Less accumulated depreciation (attach 


57a 


14,256,018 


10,515,624 


57c 






57b 


4,131,647 


© 10,124,371 




Other assets, including program- related inv 
(describe ►■ 


estments 


708,962 


58 






Total assets (must equal line 74) Add lines 45 through 58 


95,286,481 


59 


107,802,138 




60 
61 
62 
63 

64a 
b 
65 

66 




15,446,043 


60 


18,530,342 






61 












21,642,021 


62 


19,306,821 




Loans from officers, directors, trustees, and key employees (attach 




Si 
1 




63 






Mortgages and other notes payable (attach schedule) .... 
Other liabilities (describe ►■ ) 




L ■ 




64a 








64b 






27,240,756 


65 


@ 35,423,147 




64,328,820 


66 


73,260,310 


CD 


Orgs 

67 
68 
69 
Orgs 

70 
71 
72 
73 

74 


nizations that follow SFAS 117, check here ►■ p" and complete lines 
67 through 69 and lines 73 and 74 


30,957,661 


67 


34,541,828 






O 




68 




in 






T 




69 




III 


nizations that do not follow SFAS 117, check here ►■ | and 

complete lines 70 through 74 

Paid-in or capital surplus, or land, building, and equipment fund 

Retained earnings, endowment, accumulated income, or other funds 

Total net assets or fund balances Add lines 67 through 69 or lines 70 
through 72 (Column (A) must equal line 19 and column (B) must equal 

line 21) 




Li- 
fe— 

o 




70 




J— ■ 




71 




J— ■ 




72 




30,957,661 








73 


34,541,828 




Total liabilities and net assets / fund balances 


Add line 


s 66 and 73 


95,286,481 


74 


107,802,138 



Form 990 (2007) 



Form 990 (2007) 



Page 5 



Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See 
the instructions.) 



a 


Total revenue, gains, and other support per audited financia 
Amounts included on line a but not on Part I, line 12 

Other (specify) 


statements 


1,951,380 


a 


208,332,828 


b 

1 




bl 


b 




2 


b2 






3 


b3 






4 


b4 


8,477,406 












10,428,786 














c 


197,904,042 




Amounts included on Part I, line 12, but not on line a 

Investment expenses not included on Part I, line 
6b 

Other (specify) 








d 

1 




dl 


d 




2 


d2 








Add lines dland d2 






10,428,786 




Total revenue (Part I, line 12) Addlmescand 

d ► 








e 






e 


197,904,042 



•Jrn»v g-.m Reconciliation ot Expenses per Audited Mnanc 


ial St. 


itements With Expenses per Return 


a Total expenses and losses per audited financial statements 


bl 




a 


204,748,661 


b Amounts included on line a but not on Part I, line 17 


b 




2 Prior year adjustments reported on Part I, line 
20 


b2 






3 Losses reported on Part I, line 

20 


b3 






4 Other (specify) 


b4 


17,694,802 










17,694,802 










c Subtract line bfrom line a 


c 


187,053,859 




dl 






d Amounts included on Part I, line 17, but not on line a: 

1 Investment expenses not included on Part I, line 
6b 


d 




2 Other (specify) 


d2 






Add lines dland d2 
















e Total expenses (Part I, line 17) Addlmescand 

d ► 


e 


187,053,859 



Current Officers, Directors, Trustees, and Key Employees (List each person who was an officer, 
director, trustee, or key employee at any time during the year even if they were not compensated.) (See the 
instructions.) 



(A) Name and address 


(B) Title and average hours 
per week devoted to position 


(C) Compensation 
(If not paid, enter -0-.) 


(D) Contributions to 

employee benefit plans & 

deferred compensation 

plans 


(E) Expense 

account and other 

allowances 


See Additional Data Table 





































































































Form 990 (2007) 



Form 990 (2007) 



Part V- A 



Page 6 



Current Officers, Directors, Trustees, and Key Employees (continued) 



Yes 



No 



75a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board 

meetings fr-81 

b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated 

employees listed in Schedule A, Part I, or highest compensated professional and other independent 

contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business 

relationships 7 If "Yes," attach a statement that identifies the individuals and explains the relationship(s) 

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated 

employees listed in Schedule A, Part I, or highest compensated professional and other independent 

contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether 

tax exempt or taxable, that are related to the organization 7 See the instructions for the definition of "related 
organization" ► 

If "Yes," attach a statement that includes the information described in the instructions 

d Does the organization have a written conflict of interest policy 7 



75b 



No 



75c 



No 



75d 



Yes 



Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other 
Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits 
(described below) during the year, list that person below and enter the amount of compensation or other 
benefits in the appropriate column. See the instructions.) 



(A) Name and address 


(B) Loans and Advances 


(C) Compensation 
(If not paid enter -0- ) 


(D) Contributions to 

employee benefit plans 

and deferred compensation 

plans 


(E) Expense account and 
other allowances 






































































































Part VI 


Other Information (See the instructions.) 


Yes 


No 


76 Did t 

detai 


ie organization make a change in its activities or methods of conducting activities 7 If "Yes," attach a 
ed statement of each change 


76 




No 






77 Were any changes made in the organizing or governing documents but not reported to the IRS 7 


77 




No 


If "Yes," attach a conformed copy ofthe changes 
78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return 7 


78a 


Yes 




b If "Yes," has it filed a tax return on Form I 


>90-T for this year 7 


78b 


Yes 








79 Was 

a sta 


there a liquidation, dissolution, termination, or substantial contraction during the year 7 If "Yes," attach 
tement 


79 




No 






80a Is the organization related (other than by association with a statewide or nationwide organization) through common membership, 
governing bodies, trustees, officers, etc , to any other exempt or nonexempt organization 7 


80a 




No 


b If "Yes," enterthe name ofthe organization ►■ 

and check whether it 
81a Enter direct or indirect political expenditures (See line 81 instruct 


s | exempt or | nonexempt 
ons ) . . . | 81a | 


81b 












No 











Form 990 (2007) 



Form 990 (2007) 



Part VI 



Page 7 



Other Information (continued) 



Yes No 



82a 



Did the organization receive donated services orthe use of materials, equipment, or facilities at no charge or 
at substantially less than fair rental value 7 



If "Yes," you may indicate the value of these items here Do not include this amount as revenue 

in Part I or as an expense in Part II (See instructions in Part III ) 82b 



83a 
b 

84a 
b 

85 



Did the organization comply with the public inspection requirements for returns and exemption applications' 

Did the organization comply with the disclosure requirements relating to quid pro quo contributions 7 

Did the organization solicit any contributions or gifts that were not tax deductible 7 

If "Yes," did the organization include with every solicitation an express statement that such contributions or 

gifts were not tax deductible 7 

501(c)(4), (5), or (6) organizations, a Were substantially all dues nondeductible by members 7 

Did the organization make only m-house lobbying expenditures of $2,000 or less 7 

If "Yes," was answered to either85a or85b, do not complete 85c through 8 5 h below unless the organization 
received a waiver for proxy tax owed the prior year 

Dues assessments, and similar amounts from members 85c 

Section 162(e) lobbying and political expenditures 

Aggregate nondeductible amount of section 6033(e)(l)(A ) dues notices . . 85e 

Taxable amount of lobbying and political expenditures (line 85d less 85e) . . 85f 



85d 



159,413,347 



29,642,528 



11,956,001 



17,686,527 



Does the organization elect to pay the section 6033(e) tax on the amount on line 85f 7 

If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its 
reasonable estimate of dues allocable to nondeductible lobbying and political expenditures forthe following tax 
year 7 



86 



87 



88a 



501(c)(7) orgs. Enter a Initiation fees and capital contributions included on line 12 

Gross receipts, included on line 12, for public use of club facilities .... 

501(c)(12) orgs. Enter a Gross income from members or shareholders 

Gross income from other sources (Do not net amounts due or paid to other 
sources against amounts due or received from them ) 



86a 



86b 



87a 



87b 



At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or 
partnership, or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 
and 301 7701-3 7 If "Yes," complete Part IX 

At any time during the year, did the organization directly or indirectly own a controlled entity within the meaning 
of section 512(b)(13) 7 If yes complete Part XI 



89a 501(c)(3) organizations Enter A mount of tax imposed on the organization during the year under 
section 4911 ► , section 4912 ► , section 4955 ► 

b 501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction during 
the year or did it become aware of an excess benefit transaction from a prior year 7 If "Yes," attach a statement 
explaining each transaction 

c Enter A mount of tax imposed on the organization managers or disqualified persons 

during the year under sections 4912, 4955, and 4958 ►■ _ 

d Enter A mount of tax on line 89c, above, reimbursed by the organization . ►■ 

e All organizations. At any time during the tax year was the organization a party to a prohibited tax shelter 
transaction 7 

f All organizations. Did the organization acquire direct or indirect interest in any applicable insurance contract 7 



g For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting 
organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time 
during the year 7 



90a List the states with which a copy of this return is filed ►■ DC 



82a 



No 



83a 



Yes 



83b 



84a 



Yes 



84b 



Yes 



85a 



No 



85b 



No 



85g 



No 



85h 



Yes 



88a 



No 



88b 



No 



89b 



89e 



89f 



No 



89g 



b N umber of employees employed in the pay period that includes March 12, 2007 (See 
instructions ) 



90b 



252 



91a The books are in care of ►■ BRENDA HARGETT 



Telephone no ►■ (202)682-8350 



1220 L Street NW 
Located at fr- Washington, DC 



ZIP + 4 ► 



20005 



b At any time during the calendar year, did the organization have an interest in or a signature or other authority 
over a financial account in a foreign country (such as a bank account, securities account, or other financial 
account) 7 

If "Yes," enter the name of the foreign country ►■ CH 



See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and 
Financial Accounts 





Yes 


No 


91b 


Yes 











Form 990 (2007) 



Form 990 


(2007) 






Page 8 


Part VI 


Other Information (continued) 


Yes 


No 


c At any time during the calendar year, did the organization maintain an office outside of the United States 7 


91c 


Yes 





If "Yes," enter the name of the foreign country ►■_£_"_ 



92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041— Check here 
and enter the amount of tax-exempt interest received or accrued during the tax year 



r 



92 



l:Hl*'Jf] Analysis ot Income-Producing Activi 


ties (See 


flie instruction 


S.) 






Note: Enter gross amounts unless otherwise indicated. 


Unrelated business income 


Excluded by section 512, 513, or 514 


(E) 


(A) 

Business 
code 


(B) 

Amount 


(C) 

Exclusion 
code 


(D) 

Amount 


Related or 

exempt function 

income 


93 Program service revenue 
a See Additional Data Table 












b 












c 












d 












e 
























g Fees and contracts from government agencies 












94 Membership dues and assessments 










159,413,347 


95 Interest on savings and temporary cash investments 






14 


3,750,327 




96 Dividends and interest from securities 












97 Net rental income or (loss) from real estate 




































98 Net rental income or (loss) from personal property 
























100 Gain or (loss) from sales of assets other than inventory 






18 


-209,467 




101 Net income or (loss) from special events 












102 Gross profit or (loss) from sales of inventory 












103 Other revenue a Other 






01 


92,097 




b 












c 












d 












e 












104 Subtotal (add columns (B), (D), and (E)) . 




3,723,974 




3,632,957 


190,547,111 



105 Total (add line 104, columns (B), (D), and (E)) 

Note: Line 105 plus line le, Part I, should equal the amount on line 12, Part I. 



197,904,042 



Part VIII 



Line No. 

T 



Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions.) 

Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment 
of the organization's exempt purposes (other than by providing funds for such purposes) 



93, 



API is the U S oil and natural gas industry's primary trade 



94 



association API influences public policy in support of a strong, viable U S oil and natural gas industry essential to meet the energy 
needs of consumers in an efficient, environmentally responsible manner subscriptions, publication sales, certification programs 
and other related revenues result from API's operations in advancement of its exempt purpose, as stated above 



Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instructions.) 



(A) 



Name, address, and EIN of corporation, 
partnership, or disregarded entity 



(B) 

Percentage of 
ownership interest 



(C) 

Nature of activities 



(D) 

Total income 



(E) 

End-of-year 
assets 



% 



% 



% 



% 



Part X 



Information Regarding Transfers Associated with Personal Benefit Contracts (See the 
instructions.) 



(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 

(b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract 7 
NOTE: If "Yes " to (b), file Form 8870 and Form 4720 (see instructions). 



F Yes F No 
F Yes F No 



Form 990 (2007) 



Form 990 (2007) 



Page 9 



Information Regarding Transfers To and From Controlled Entities Complete only if the organization is 
a controlling organization as defined in section 512(b)(13) 













Yes 


No 


106 Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of 
the Code 7 if "Yes," complete the schedule below for each controlled entity 








(A) 

Name and address of each 

controlled entity 


(B) 

Employer Identification 

Number 


(C) 

Description of 

transfer 


(D) 
Amount of transfer 


a 










b 










c 










Totals ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^H 













Yes 


No 


107 Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(13) of 
the Code 7 if "Yes," complete the schedule below for each controlled entity 








(A) 

Name and address of each 

controlled entity 


(B) 

Employer Identification 

Number 


(C) 

Description of 

transfer 


(D) 
Amount of transfer 


a 










b 










c 










Totals ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^H 



108 Did the organization have a binding written contract in effect on August 17, 2006 covering the interests, rents, 

royalties and annuities described in question 107 above 7 



Yes 



No 



Please 

Sign 

Here 



Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge 
and belief, it is true, correct, and complete Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge 



2008-05-13 



Signature of officer 

BRENDA S HARGETT VICE PRESIDENT AND CFO 



Date 



Type or print name and title 



Paid 

Preparer's 
Use Only 



Preparer's 
signature 



► 



Date 



Check if 
self- 
empolyed ► I 



Preparer's SSN or PTIN (See Gen Inst W) 



Firm's name (or yours ^ Tate and Tryon 
if self-employed), 
address, and ZIP + 4 



► 



EIN ► 



805 15th Street NW Suite 900 
Washington, DC 20005 



Phone no ► (202) 293-2200 



Form 990 (2007) 



Additional Data 



Software ID 

Software Version 

EIN 

Name 



13-0433430 

AMERICAN PETROLEUM INSTITUTE 



Form 990, Part II, Line 43 - Other expenses not covered above (itemize): 



Do not include amounts reported on line 
6b, 8b, 9b, 10b, or 16 of Part I. 




(A) Total 


(B) Program 
services 


(C) Management 
and general 


(D) Fundraising 


a studies analysis Laboratory Research 


43a 


18,783,036 








. studies analysis Coalition Memberships & 
Grants 


43b 


7,859,553 








c Pension Expense 


43c 


4,391,238 








d Postretirement Benefit Cost 


43d 


1,703,676 








e Software Maintenance & License Fees 


43e 


352,380 








f Contributions 


43f 


401,493 








g insurance and Property tax 


43g 


527,016 








h Bad Debt 


43h 


97,575 








i Advertising Cost 


43i 


70,765,435 








j consulting Fees 


43j 


31,392,262 









Form 990, Part III - Program Service Accomplishments: 



All organizations must describe their exempt purpose achievements in a clear and concise manner. State the 
number of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c) 
(3) and (4) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and 
allocations to others.) 


Program Service 

Expenses 

(Required for 501(c) 

(3) and (4) orgs., and 

4947(a)(1) trusts; but 

optional for others.) 


ADVOCACYAPI speaks for the petroleum industry before Congress, the executive branch of government, 
state legislatures, and the news media It negotiates with regulatory agencies, represents the industry in 
court and participates in coalitions -- building the grassroots support that encourages Congress, the White 
House and state legislators to act API also strives to enhance its members' standing on the environmental, 
a health and safety issues that are central to the public's perception of the industry and its products 

(Grants and allocations $ ) If this amount includes foreign grants, check here ►■ | 




INFORMATIONAPI is the source for information about the petroleum industry It undertakes the scientific 
and economic analysis that is the foundation for the industry's stance on the current issues It collects and 
compiles statistics and is without peer in finding and providing industry-specific information for people who 
b need it 

(Grants and allocations $ ) If this amount includes foreign grants, check here ►■ | 




INDUSTRY OPERATIONSAPI has set standards for the U S petroleum industry since its founding in 1919 
In the global marketplace, these same standards are becoming international standards, and API's 
involvement in international events and organizations is growing More than 500 API standards are now 
c used throughout the world Many of these standards are now a part of both federal and state regulations 

(Grants and allocations $ ) If this amount includes foreign grants, check here ►■ | 




MAINTAINING QUALTIYThe increasingly international nature ofthe petroleum business is evident in 
API's approach to certifying that products meet the industry's exacting standards of quality Since 1924, 
API has licensed oilfield equipment manufacturers to use the API monogram, recognized as a mark of 
quality around the world API licenses motor oils for use in both gasoline and diesel engines API also 
certifies inspectors of storage tanks, pressure vessels, and piping 

(Grants and allocations $ ) If this amount includes foreign grants, check here ►■ | 




EDUCATIONAPI organizes seminars, workshops and symposia on issues vital to the industry's livelihood 
It provides training materials that help professionals in the oil and gas business meet regulatory 

requirements and industry standards 

e 

(Grants and allocations $ ) If this amount includes foreign grants, check here ►■ | 





Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 

employee benefit 

plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Bryon M red Cavaney 
1220 L Street NW 
Washington, DC 20005 


President & CEO 
40 00 


1,413,257 


446,586 





M ichele Rinn 
1220 L Street NW 
Washington, DC 20005 


Corporate Secretary 
40 00 


236,333 


42,311 





Brenda S Hargett 
1220 L Street NW 
Washington, DC 20005 


Vice President & CFO 
40 00 


389,168 


132,971 





Harry Ng 

1220 L Street NW 

Washington, DC 20005 


General Counsel 
40 00 


304,167 


86,606 





James Ford 

1220 L Street NW 

Washington, DC 20005 


VP of Government Affairs 
40 00 


465,000 


120,124 





Jim Craig 

1220 L Street NW 

Washington, DC 20005 


VP-Pohcy & 
Communications 
40 00 


389,167 


191,865 





James J M ulva 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Clarence Cazalot Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Claiborne Deming 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











James Hackett 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


John Hofmeister 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Robert A M alone 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











J Larry N ichols 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











David O'Reilly 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Rex Tillerson 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Dawood Al-Dawood 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Mohammad S Al-Shamman 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Philip F Anschutz 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Thomas A Bannigan 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Dalton J Boutte 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Patrick D Daniel 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Gregg J Davis 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Chadwick C Deaton 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Cortlandt S Dietler 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Byron Dunn 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











John M Duty Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Stephen A Elbert 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Lynn Elsenhans 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Randall K Eresman 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Sheldon R Enkson 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Timothy C Felt 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











James L Gallogly 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Russell E Ginn 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Bruce C Gottwald 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Frederic C Hamilton 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Gary R Hemmger 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Steven B H inchman 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Kevin M Hostler 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Roy M H uffmgton 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Ray L Hunt 

1220 L Street NW 

Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


W Herbert Hunt 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Ray R Irani 

1220 L Street NW 

Washington, DC 20005 


board member 
1 00 











Mark A Jackson 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Sidney J Jansma Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











AV Jones Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











James F Justiss Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











George Kirkland 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Karl F Kurz 

1220 L Street NW 

Washington, DC 20005 


board member 
1 00 











V irginia B Lazenby 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











David J Lesar 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Randy Limbacher 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Jon A Marshall 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











A nthony M ayer 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











James P M cGregor 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Daniel F McNease 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











M ichael McShane 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











John M iller 

1220 L Street NW 

Washington, DC 20005 


board member 
1 00 











Bjorn M oiler 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











John Morgan 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Joseph H Netherland 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


James E N lelson 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











James J 'Bnen 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Marvin Odum 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Robert L Parker Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Louis A Raspino 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Thomas P Richards 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Corbin J Robertson Jr 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Peter Robertson 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Douglas L Rock 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











David Seaton 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Kathleen Shanahan 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











J Stephen Simon 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Norm J Szydlowski 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Hank A True III 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Lew O Ward 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Jonathan P Whitworth 
1220 L Street NW 
Washington, DC 20005 


board member 
1 00 











Randy A rmstrong 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Richard Bird 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Carl Boetticher 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











James R Buhrmaster 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


Gordon M DeFilippo 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Louie Ehrhch 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Stephen F Gates 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Gerald T McPhee 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Patrick T M ulva 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Steve Pryor 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Dave Sampson 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Todd R Schultz 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











James F Snyder 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











M ichael C Linn 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 












Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: 



(A) Name and address 


(B) Title and average 

hours per week devoted 

to position 


(C) Compensation 

(If not paid, enter -0- 

■) 


(D) Contributions to 
employee benefit 
plans & deferred 

compensation plans 


(E) Expense 

account and other 

allowances 


A ndrew Slaughter 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 











Charlie R Williams II 
1220 L Street NW 
Washington, DC 20005 


ex officio 
1 00 












Form 990, Part VII, Line 93 - Program service revenue: 



Note: Enter gross amounts unless otherwise 
indicated. 


Unrelated business income 


Excluded by section 512, 513, 
or 514 


(E) 

Related or 

exempt function 

income 


(A) 

Business 

code 


(B) 
Amount 


(C) 

Exclusion 

code 


(D) 
Amount 


a Subscriptions 










1,013,836 


b publication sales 










318,200 


c Certification Fees 


541900 


3,723,974 






19,360,298 


d Gross Meeting Revenue 










2,839,767 


e publication royalties 










7,567,078 


f reimbursement From Affiliates 










34,585 



efile GRAPHIC print - DO NOT PROCESS I As Filed Data 



I 



DLN: 93490134010128 



TY 2007 Depreciation and Depletion Schedule 



Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Asset 


Amount 


Leasehold Improvements 


550,901 


FUrniture & Equipment COMPUTERS 


786,827 


Internal Use Software 


35,569 



lefile GRAPHIC print - DO NOT PROCESS | As Filed Data - | 



DLN: 93490134010128 



Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. 



TY 2007 Gain/ Loss from Sale of Other Assets Schedule 

Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Name 



Date Acquired 



How Acquired 



Date Sold 



Purchaser Name 



Gross Sales Price 



Basis 



Basis Method 



Sales Expenses 



Total (net) 



Accumulated Depreciation 



Obsolete Equipment 



2007-06 



PURCHASED 



2007-06 



6,400 



6,400 



lefile GRAPHIC print - DO NOT PROCESS I As Filed Data 



DLN: 93490134010128 



TY 2007 Land etc. Schedule 



Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Category/Item 


Cost/Other Basis 


Accumulated Depreciation 


Book Value 


Leasehold Improvements 


7,760,201 


885,138 


6,875,063 


FUrniture & Equipment COMPUTERS 


5,421,956 


2,433,165 


2,988,791 


Internal Use Software 


1,073,861 


813,344 


260,517 



efile GRAPHIC print - DO NOT PROCESS I As Filed Data 



I 



DLN: 93490134010128 



TY 2007 Other Changes in Net Assets Schedule 

Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Description 


Amount 


Change in Minimum PenSion Liability 


8,477,406 


Unrealized Gain on Investments 


1,951,380 


EFFECT OF ADOPTION OF RECOGNITION PROVISIONS OF FAS 158 


-17,694,802 



lefile GRAPHIC print - DO NOT PROCESS~f 



efile GRAPHIC print - DO NOT PROCESS I As Filed Data - I DLN: 93490134010128 



TY 2007 Other Expenses Included Schedule 



Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Description 


Amount 


EFFECT OF ADOPTION OF FAS 158 


17,694,802 



lefile GRAPHIC print - DO NOT PROCESS I As Filed Data 



DLN: 93490134010128 



TY 2007 Other Liabilities Schedule 



Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Description 


Beginning of Year Amount 


End of Year Amount 


Benefit Plan Liabilities 


27,240,756 


35,423,147 



lefile GRAPHIC print - DO NOT PROCESS | As Filed Data - | DLN: 93490134010128| 

TY 2007 Other Revenues Included Schedule 

Name: AMERICAN PETROLEUM INSTITUTE 
EIN: 13-0433430 



Description 


Amount 


ADJUSTMENT FOR MINIMUM PENSION LIABILITY 


8,477,406