American Association Of Petroleum Geologists
- Assets
- $19.0m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 45
- Location
- Tulsa, OK
- Founding
- 10/1943
- Data as of
- 06/2024
- EIN
- 73-0125920
Organization Overview
American Association Of Petroleum Geologists is located in Tulsa, OK. The organization was established in 1943. 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 06/2024, American Association Of Petroleum Geologists employed 45 individuals. This organization is the central organization for a national or regional group of organizations. American Association Of Petroleum Geologists 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 06/2024, American Association Of Petroleum Geologists generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $15.9m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS IS A SCIENTIFIC ORGANIZATION DEDICATED TO THE ADVANCEMENT OF THE SCIENCE OF PETROLEUM GEOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SEMINARS - TO PROMOTE EDUCATION AND PROVIDE A FORUM FOR DISSEMINATION OF CURRENT DEVELOPMENTS WITHIN THE FIELD OF PETROLEUM GEOLOGY AND FOR THE ADVANCEMENT OF THE SCIENCE OF PETROLEUM GEOLOGY.
ENERGY MINERALS DIVISION - TO PROVIDE A FORUM FOR RESEARCH AND DISCUSSION FOR GEOLOGISTS INVOLVED IN THE EXPLORATION OF OIL AND NATURAL GAS.
MEETINGS & CONVENTIONS - TO PROVIDE AN ORGANIZED GATHERING FOR STUDENTS AND PROFESSIONALS TO LEARN AND REVIEW THE TECHNOLOGY USED IN THE ADVANCEMENT OF PETROLEUM GEOLOGY.
SCIENTIFIC PUBLICATIONS AND PERIODICALS - SCIENCE REFERENCE AND TRAINING MANUALS AND MONTHLY BULLETIN AND EXPLORER PERIODICALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sacrey President-Elect | Trustee | 2 | $0 |
Claudia Hackbarth President | Trustee | 1 | $0 |
Sa'id Al Hajiri Regions V-Pres | Trustee | 1 | $0 |
Rebecca Dodge Sections V-Pres | Trustee | 1 | $0 |
Matthew Pranter Editor | Trustee | 1 | $0 |
Sarah Barnes Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogantaylor Llp Audit & Tax | 6/29/24 | $136,166 |
John Ratchford Repairs & Maintenence | 6/29/24 | $177,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $326,304 |
| Government grants | $581,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,261,264 |
| Total Program Service Revenue | $12,632,620 |
| Investment income | $474,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,997 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $413,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $91,026 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,098,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $61,747 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $638,745 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,177,259 |
| Pension plan accruals and contributions | $162,989 |
| Other employee benefits | $900,592 |
| Payroll taxes | $303,650 |
| Fees for services: Management | $27,153 |
| Fees for services: Legal | $93,549 |
| Fees for services: Accounting | $84,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $748,034 |
| Advertising and promotion | $21,867 |
| Office expenses | $18,770 |
| Information technology | $197,244 |
| Royalties | $0 |
| Occupancy | $296,962 |
| Travel | $141,130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,325,212 |
| Interest | $12,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,352 |
| Insurance | $135,096 |
| All other expenses | $0 |
| Total functional expenses | $15,940,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,615,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,749,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,190 |
| Prepaid expenses and deferred charges | $1,020,202 |
| Net Land, buildings, and equipment | $276,309 |
| Investments—publicly traded securities | $9,951,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,319,330 |
| Total assets | $18,969,531 |
| Accounts payable and accrued expenses | $2,954,841 |
| Grants payable | $0 |
| Deferred revenue | $4,936,256 |
| 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 | $7,891,097 |
| Net assets without donor restrictions | $11,078,434 |
| 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 | $18,969,531 |
Grants Awarded
Over the last fiscal year, American Association Of Petroleum Geologists has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA STATE UNIVERSITY PURPOSE: IBA AWARD | $10,000 |
SDSU DEPT OF GEO SCIENCES PURPOSE: IBA AWARD | $10,000 |
UNIVERSITY OF LOUISIANA AT LAFAYETTE FOUNDATION PURPOSE: IBA AWARD | $20,000 |