Geological Society Of America Inc
- Assets
- $43.3m
- Revenue
- $8.8m
- Investments
- $9.9m
- Employees
- 55
- Location
- Boulder, CO
- Founding
- 02/1932
- Data as of
- 06/2021
- EIN
- 13-1659623
Organization Overview
Geological Society Of America Inc is located in Boulder, CO. The organization was established in 1932. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Geological Society Of America Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geological Society Of America Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Geological Society Of America Inc generated $8.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GEOLOGICAL SOCIETY OF AMERICA WAS FOUNDED TO ADVANCE THE SCIENCE OF GEOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORS AN ANNUAL MEETING FOR ITS MEMBERS IN THE FALL. SMALLER MEETINGS ARE HELD IN THE SPRING. MEMBERS ATTEND TO MEET WITH DIVISION, SECTION AND ASSOCIATED SOCIETY MEMBERS. THEY ATTEND FIELD TRIPS, TECHNICAL SESSIONS, SHORT COURSES AND CONFERENCES CONCERNING TOPICS IN THE FIELD OF GEOLOGY.
OTHER PROGRAM SERVICES INCLUDE: PUBLISHING AND DISTRIBUTING SCIENTIFIC LITERATURE,PROVIDING INFORMATION AND MATERIALS FOR PRIMARY LEVEL SCIENCE EDUCATION AND FURNISHING INFORMATION TO THE PUBLIC ABOUT EARTH SCIENCE EDUCATION AND THE ENVIRONMENT. OTHER PROGRAMS INCLUDE PROGRAMS SPONSORED BY MEMBERS IN SPECIFIC GEOGRAPHICAL LOCATIONS AND SCIENCES.
EDUCATION, OUTREACH AND GRANTS - INVOLVEMENT IN HEIGHTENING PUBLIC UNDERSTANDING OF AND APPRECIATION FOR GEOSCIENCES BY WORKING WITH SCIENTISTS, TEACHERS, STUDENTS AND THE GENERAL PUBLIC. THERE ARE ALSO PROGRAMS AND SHORT COURSES RUN BY SECTIONS AND DIVISIONS. THE ORGANIZATION GRANTS FUNDS FOR RESEARCH AND TRAVEL TO UNDERGRADUATE, GRADUATE, AND POST-DOC STUDENTS AND SUPPORTS A NUMBER OF AWARDS AND MEDALS TO RECOGNIZE EXCELLENCE.
THE MEMBERSHIP SERVICES PROGRAM INCLUDES THE COST OF MAINTAINING THE SOCIETY'S MEMBERSHIP FOR THE BENEFIT OF ITS MEMBERS AND TO ADVANCE THEIR PROFESSIONALISM, RESEARCH, AND CAREERS. THERE ARE APPROXIMATELY 18,100 MEMBERS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Dutrow President | OfficerTrustee | 3 | $0 |
Mark Little President-Elect | OfficerTrustee | 3 | $0 |
J Douglas Walker Past President | OfficerTrustee | 3 | $0 |
Richard Berg Treasurer | OfficerTrustee | 3 | $0 |
Jeffrey Rubin Councilor | Trustee | 3 | $0 |
Nathan Niemi Councilor | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534,129 |
| Investment income | $1,956,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $751,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,105,877 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,778,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $898,332 |
| Grants and other assistance to Foreign Orgs/Individuals | $86,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,360,564 |
| Pension plan accruals and contributions | $290,157 |
| Other employee benefits | $380,283 |
| Payroll taxes | $242,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,107 |
| Fees for services: Accounting | $64,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,268 |
| Fees for services: Other | $861,383 |
| Advertising and promotion | $11,377 |
| Office expenses | $110,955 |
| Information technology | $22,037 |
| Royalties | $0 |
| Occupancy | $182,087 |
| Travel | $7,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $496,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,627 |
| Insurance | $55,633 |
| All other expenses | $0 |
| Total functional expenses | $7,137,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,125 |
| Savings and temporary cash investments | $457,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,102,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $246,926 |
| Prepaid expenses and deferred charges | $205,414 |
| Investments—publicly traded securities | $29,487,178 |
| Investments—other securities | $9,934,194 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,736 |
| Total assets | $43,325,914 |
| Accounts payable and accrued expenses | $931,037 |
| Grants payable | $0 |
| Deferred revenue | $984,494 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,915,531 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $41,410,383 |