Seg Advanced Modeling Coproratioon
- Assets
- $1.1m
- Revenue
- $554.7k
- Investments
- $184.7k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 20-8685322
Organization Overview
Seg Advanced Modeling Coproratioon is located in Tulsa, OK. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seg Advanced Modeling Coproratioon is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Seg Advanced Modeling Coproratioon generated $554.7k 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 (23.4%) each year. All expenses for the organization totaled $954.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEG ADVANCED MODELING CORPORATION (SEAM) IS A NOT-FOR-PROFIT RESEARCH ENTITY THAT HOSTS COLLABORATIVE PROJECTS BETWEEN SPONSORING STAKEHOLDERS TO FURTHER GEOPHYSICAL RESEARCH BY INDUSTRY AND ACADEMIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEAM COMPLETED ACTIVITIES RELATED TO THE DEVELOPMENT OF EARTH MODELS AND DATASETS TO ADDRESS HIGH IMPACT GEOPHYSICAL CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Innanen Chair | OfficerTrustee | 10 | $0 |
Claire Birnie Vice Chair | OfficerTrustee | 1 | $0 |
Nancy House Treasurer | OfficerTrustee | 1 | $0 |
Aria Abubakar Director | Trustee | 1 | $0 |
Werner Heigl Director | Trustee | 1 | $0 |
Nicolae Moldoveanu Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Geophysical Data Production | 12/30/22 | $237,265 |
Discover Geoscience Pty Ltd Field Data Benchmarking | 12/30/22 | $150,000 |
University Of Texas Austin Field Data Benchmarking | 12/30/22 | $269,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $758,966 |
| Investment income | $30,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$234,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,933 |
| Fees for services: Other | $703,864 |
| Advertising and promotion | $0 |
| Office expenses | $545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $242,749 |
| Total functional expenses | $954,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,690 |
| Savings and temporary cash investments | $367,447 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $207,527 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $176,485 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $184,681 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,062,830 |
| Accounts payable and accrued expenses | $150,168 |
| Grants payable | $0 |
| Deferred revenue | $754,092 |
| 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 | $43,349 |
| Total liabilities | $947,609 |
| Net assets without donor restrictions | $115,221 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,062,830 |