AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, Pittsburgh, PA
June 19, 2019
The AAPL Quarterly Board Meeting was held on June 19, 2019 at the Wyndham Grand, Pittsburgh. Mike Curry, AAPL President, called the meeting to Order. The Invocation was given by David Miller, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. Upon adoption of the Agenda, the minutes from the last board meeting on March 10, 2019 were adopted by acclamation.
Treasurer’s Report: Michael Pisciotte, Treasurer, provided a report on AAPL and its affiliates for the period ending March 31, 2019 as follows:
AAPL, Inc.’s total assets are $35,427,836, while total liabilities are $1,712,231.
Revenues (exclusive of investment revenue) totaled $3,082,773 as of March 31, 2019. This consists of $1,303,361 from membership dues, $451,407 from NAPE Expo distribution, $632,185 from educational seminar fees and $212,101 from publication income.
Expenses through March 31, 2019 totaled $4,392,440. Expenses include general and administrative ($2,576,121), publications ($334,774), educational program ($445,163), financial expenses ($247,404), board of director meeting expenses ($274,115) and IT/software expenses ($385,706).
Investments as of March 31, 2019 are $28,050,438, which is an increase of $1,715,155.
As of March 31, 2019, the Education Foundation, Inc.’s balance sheet reflects $4,261,865, which is an increase of $182,939 as compared to the same period last year. The Statement of Investment Accounts reflects $4,112,679 total monies invested which is an increase of $204,872 as compared to the same period last year.
As of March 31, 2019, the Landman Scholarship Trust’s balance sheet reflects $7,505,592, which is an increase of $152,637 as compared to the same period last year. The Statement of Investment Accounts reflects $7,428,932 total monies invested, which is an increase of $130,628 as compared to the same period last year.
AAPL General Report:
Executive Vice President of AAPL, Melanie Bell announced her retirement by the end of 2019. We wish her the very best with her new opportunities. Melanie promised a smooth transition once the new Executive Vice President is announced.
AAPL launched its new logo and website.
In the first five months of free streaming, education webinars have been utilized over 3,000 times. Attendance to webinar events is up 40% over last year.
Total membership is at 16,124 with 19 pending applications. This is slightly less than last year.
Members can save $125 annually on Contract Center. The rate is reduced to $250.
Members may receive up to $600 annually to educational events, the Annual Meeting or the NAPE Business Conference. This is non-needs based. Thirty-seven members have already utilized this opportunity. The AAPL website has further details.
The Black Warrior Basin Landman’s Association requested to be unaffiliated with AAPL due to low membership (relocation).
A discussion was had regarding the workload of the Educational Committee. Michelle Aurzada, the committee chair, spoke at length to the challenges and lack of support from the AAPL staff. She presented a proposal to divide the committee into three separate committees:
A committee would handle the AAPL/CPL/RPL/RL review and exam. It would make sure the exam is current and that the study materials and presenters are up to date.
A committee would be for educational development to advance new ideas and opportunities.
A committee would handle the educational events/speakers for the Annual Meeting.
President Mike Curry was supportive of the effort and proposed transferring AAPL staff to specifically assist these three committees and budget $70,000 to replace that staff. All necessary approvals were granted for these changes.
NAPE net income was up by $528,328, a 12% increase over last year.
NAPE has already secured 75% of the needed sponsorships for a total of $1.8 million.
Exhibitors are outpacing last year by 11%.
Summer NAPE will be August 21-22.
Great Business Conference lineup of speakers.
Expected attendance of 2,500 or more.
Focus on young professionals with the new Connections & Conversations.
Get in “Shape with NAPE” workouts will be offered.
Summer Sweepstakes will be giving out a 3-wheel Vanderhall sports car.
Hot Play Happy Hours to be featured within walking distance of the expo.
Pam Feist, CPL was honored as the first recipient of the Mary K. Blankenship Horizon Award.
Sponsorships exceeded the budget by $67,450 (34% increase over last year).
The next report will have the final numbers.
On a personal note, I attended the Annual Meeting this year and want to congratulate Mark Acree and his committee for a great job. Pittsburgh was a great host for the conference with unique and fun venues for the events. I was able to attend some very interesting educational events with incredible speakers. The event was well attended, and I had a great time. Now it’s on to Huntington Beach for 2020!
Other Noteworthy News/Reports:
If you are interested in networking and mentoring, I encourage you to look into the Landman Advisory Connection Program. The program provides a platform for experienced land professionals to mentor new members of our profession or those who may desire to enhance their skills in a certain area of focus. More information is available on the AAPL website.
The next Board of Director’s meeting will be at The Coeur d’Alene Resort in Coeur d’Alene, Idaho September 13-15, 2019.
This is my last report as AAPL Director for OCAPL. Robert Rice will take my place for the 2019-2021 term. As he did in replacing me as OCAPL President, Robert will do a great (and better) job as your new AAPL Director. It was truly an honor to serve. Over two short years, I was able to see so many ways that AAPL serves its membership. At my first meeting, AAPL set aside hundreds of thousands of dollars in disaster relief funding for those that endured the hardships of Hurricane Harvey. That funding is still available to those members that may need it due to a natural disaster or other tragedy. I was able to hear the thank you letters of members who were so grateful for this financial assistance. I also witnessed AAPL directly assist our profession in Colorado and Ohio against potentially harmful legislation. It was incredible to be a part of an organization that was able to raise $1 million for various veterans’ charities at this year’s NAPE Charities Luncheon. I have now seen what it takes to host multiple events like NAPE Summit and the Annual Meeting. I have also made some incredible friends and business contacts. My next step is to serve on the Annual Meeting Committee.
If you are interested in serving on an AAPL or OCAPL committee or otherwise becoming more involved, please feel free to contact Robert Rice, the incoming AAPL Director for OCAPL. Additionally, if you have any questions, comments, concerns, or ideas regarding the AAPL and/or its services, please do not hesitate to reach out.