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Filing year 2024

Petroleum Equipment Institute

Tulsa, Oklahoma·EIN 73-0593344·501(c)(6)
Total revenue
$5.4M
Total assets
$10.3M
Total expenses
$4.8M
Reported officers
26
Mission

The mission of the Petroleum Equipment Institute is to be the leading authority and source of information for the petroleum handling equipment industry.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 8 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$301k
$320k
Base
$276k
Bonus
$22k
Other
Benefits
$4k
SVP of Operations
Senior Vice President
Median to 75th percentile
$226k
$239k
Base
$212k
Bonus
$10k
Other
Benefits
$4k
VP of Technical Programs & Industry Af
Board Vice President
Median to 75th percentile
$197k
$209k
Base
$197k
Bonus
Other
Benefits
Sr Dir of Media & Member Relations
Highest Compensated Employee
Median to 75th percentile
$166k
$176k
Base
$24k
Bonus
$143k
Other
Benefits
Sr Dir of Latin America
Highest Compensated Employee
10th to 25th percentile
$121k
$128k
Dir of Member Events and Special Projects
Highest Compensated Employee
10th to 25th percentile
$118k
$125k
Sr Mgr of Membership Expansion
Highest Compensated Employee
10th to 25th percentile
$114k
$121k
AVP - Member Relations
Highest Compensated Employee
Below 10th percentile
$102k
$108k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Climbed 17%
over 2 years

From $257k in 2022 to $301k in 2024.

$257k
2022
$266k
2023
$301k
2024
In today's dollarsEst.
Up 9% in real terms$293k to $320k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 17% from 2022 to 2024, while revenue rose 42%.

$257k in 2022 to $301k in 2024.
  • Board Vice President pay held roughly steady from 2023 to 2024.
  • Highest Compensated Employee pay rose 16% from 2022 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Petroleum Equipment Institute reported revenue and expenses across 3 filing years.

RevenueExpenses
$3.8M
$4.1M
2022
$3.5M
$3.4M
2023
$5.4M
$4.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Petroleum Equipment Institute

What does the Chief Executive Officer of Petroleum Equipment Institute earn?

In 2024, the Chief Executive Officer of Petroleum Equipment Institute received $301,375 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Petroleum Equipment Institute compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Petroleum Equipment Institute falls in the top 10%.

What are Petroleum Equipment Institute's revenue and expenses?

In 2024, Petroleum Equipment Institute reported $5.4M in total revenue and $4.8M in total expenses on its IRS Form 990.

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