AMERICAN ASSOCIATION OF PROFESSOINAL LANDMEN
QUARTERLY BOARD of DIRECTORS MEETING, Cleveland, OH
September 19, 2021
The AAPL Quarterly Board Meeting was held on September 19th, 2021 at The Hilton Cleveland, OH. Jim Devlin, AAPL President, called the meeting to order. The invocation was given by Lester Zitkus, followed by the introduction of guests and roll call of the Executive Committee, Directors and Committee Chairs. New Directors/Temporary and Sub-Directors were seated. Upon adoption of the agenda, the minutes from the last board meeting on June 23rd, 2021 were adopted by acclamation.
Treasurer’s Report: Cranford Newell, CPL, Treasurer, provided a report on AAPL and its affiliates for the period ending June 30, 2021 as follows:
AAPL, Inc.’s total assets are $45,706,165, while total liabilities are $2,673,991.
Revenues (exclusive of investment revenue) totaled $2,629,774 as of June 30, 2021. This is a decrease of 50.3% from June 30, 2020. The decrease in revenue was primarily due to decreases in NAPE Expo distributions, educational seminar fees (due to cancellation of in-person seminars due to Covid-19), and membership dues.
Expenses through June 30, 2021 totaled $6,388,619. This is a decrease of 3.2%, from the same time last year. The decrease in expenses is mostly comprised of education (decrease of $342,645 or 56.4%), board meeting (decrease of $152,538 or 55.6%), and G&A expenses (decrease of $77,160 or 1.8%)
Investments as of June 30, 2021 are $39,177,594 which is an increase of $8,178,127 or 26.4% as compared to the same period last year. The change has been the result of unrealized and realized gains due to market activity in the AAPL investment account.
As of June 30, 2021, the Education Foundation, Inc.’s balance sheet reflects $5,550,592, which is an increase of $1,219,347 as compared to the same period last year. The Statement of Investment Accounts reflects $5,433,680 total monies invested which is an increase of $1,205,517 as compared to the same period last year.
As of June 30, 2021, the Landman Scholarship Trust’s balance sheet reflects $10,008,076 which is an increase of $2,237,086 as compared to the same period last year. The Statement of Investment Accounts reflects $9,990,975 total monies invested, which is an increase of $2,227,485 as compared to the same period last year.
AAPL General Report:
The AAPL board will be voting on CPL requirements during the December board meeting. Currently a bachelor’s degree is required for AAPL members to sit for the CPL. The Executive Committee voted in favor of a motion to create a second option for members to sit for the CPL, which would require 15 years of experience and passing the exam. If you would like to express your opinion on this one way or the other, please email me at Robert.Rice@contientalland.com
Le’Ann Callihan was promoted to Vice President of AAPL & NAPE. Along with Russell Cohen’s promotion to Director of Government Affairs and Drew Guntert as NAPE Director
Kyle Reynolds and Richard Ryan in conjunction with the Bylaws & Policy Committee have been spearheading rework of AAPL’s Policy Manual with assistance from Association Options who facilitated the strategic planning session this past February.
Overall membership has declined 8.33% compared to prior year; however, we have surpassed our budgeted target of 10,000 members and obtained more than 10,571 members.
The NAPE Summit dates are February 8-11, 2022
Nape Expo Charities fund event will feature former Secretary of State and Director of the Central Intelligence Agency Mike Pompeo as keynote speaker.
The Renewable Energy Pavilion will return this year. This pavilion will host sponsors, exhibitors and attendees who are working in or are interested in learning more about this sector of the industry.
Final numbers for 2021 NAPE Summit (August) were 4,054
There were 340 Exhibitors and 260 Prospects
The 68th Annual meeting will be held in Chicago, Illinois June 15-18, 2022
Host hotel is the Hilton, Chicago
Sponsorships are available.
Other Noteworthy News/Reports:
Professional Development Assistance Program – reduces the registration fee up to $300 for AAPL operated events including the Annual Meeting, the NAPE Business Conference, and educational workshops and seminars. This program is available for all AAPL members. For more information about this program go to: https://www.landman.org/professional-development/professional-developmen...
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 December 10-11, 2021
If you are interested in serving on an AAPL or OCAPL committee or otherwise becoming more involved, please feel free to contact me. Additionally, if you have any questions, comments, concerns, or ideas regarding the AAPL and/or its services, please do not hesitate to reach out.