Society Of Exploration Geophysicists
- Assets
- $26.0m
- Revenue
- $8.9m
- Investments
- $450.0k
- Employees
- 53
- Location
- Tulsa, OK
- Founding
- 08/1947
- Data as of
- 12/2021
- EIN
- 73-0555125
Organization Overview
Society Of Exploration Geophysicists is located in Tulsa, OK. The organization was established in 1947. 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 12/2021, Society Of Exploration Geophysicists employed 53 individuals. This organization is the central organization for a national or regional group of organizations. Society Of Exploration Geophysicists 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 12/2021, Society Of Exploration Geophysicists generated $8.9m 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 (3.8%) each year. All expenses for the organization totaled $9.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society Of Exploration Geophysicists has awarded 57 individual grants totaling $1,618,478. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SCIENCE OF EXPLORATION GEOPHYSICS AND RELATED FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE AND MEETINGS - REGIONAL, INTERNATIONAL, AND RESEARCH WORKSHOPS - TO PROMOTE THE SCIENCE OF GEOPHYSICS AND FOSTER COMMON SCIENTIFIC INTERESTS.
PUBLICATIONS PROVIDING INFORMATION ON GEOPHYSICS EXPLORATION RESEARCH AND CURRENT DEVELOPMENTS
CONTINUING EDUCATION - TO PROMOTE THE SCIENCE OF GEOPHYSICS THROUGH GENERAL AND TECHNICAL TRAINING
MERIT BASED SCHOLARSHIPS, FIELD CAMP GRANTS, STUDENT AND EARLY CAREER PROGRAMS, GEOSCIENTISTS WITHOUT BORDERS PROGRAM, & TRAVEL GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James White Executive Director/secretary | Officer | 37 | $251,188 |
Carlos DE La Garza Managing Director, F&a | Officer | 37 | $186,472 |
William Agnew Aed, Global Development | Officer | 30 | $173,827 |
Theodore Bakamjian Director, Publications & Communities | 39 | $147,783 | |
Annabella Betancourt Managing Director Of Programs | 38 | $121,395 | |
Stepahnie Moore Director Of Marketing And Communications | 38 | $110,106 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumina Datamatics Inc Editing & Xml Composition Svcs | 12/30/21 | $206,055 |
Brt Energy Advisors Llc Consultant | 12/30/21 | $126,182 |
Clarivate Analytics Llc Consultant | 12/30/21 | $114,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $812,662 |
| Fundraising events | $0 |
| Related organizations | $1,200,235 |
| Government grants | $1,067,737 |
| 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 | $3,080,634 |
| Total Program Service Revenue | $3,784,668 |
| Investment income | $450,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $307,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $128,829 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,901,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,098 |
| Grants and other assistance to domestic individuals. | $163,407 |
| Grants and other assistance to Foreign Orgs/Individuals | $355,862 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $648,693 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,778,765 |
| Pension plan accruals and contributions | $179,497 |
| Other employee benefits | $386,248 |
| Payroll taxes | $302,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,574 |
| Fees for services: Accounting | $49,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,683 |
| Fees for services: Other | $599,515 |
| Advertising and promotion | $116,580 |
| Office expenses | $257,615 |
| Information technology | $469,641 |
| Royalties | $0 |
| Occupancy | $335,371 |
| Travel | $88,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $407,766 |
| Interest | $12,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,491 |
| Insurance | $81,714 |
| All other expenses | $34,072 |
| Total functional expenses | $9,581,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,676 |
| Savings and temporary cash investments | $389,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,417,573 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $236,461 |
| Prepaid expenses and deferred charges | $448,008 |
| Net Land, buildings, and equipment | $243,239 |
| Investments—publicly traded securities | $19,121,074 |
| Investments—other securities | $450,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,966,350 |
| Accounts payable and accrued expenses | $973,479 |
| Grants payable | $0 |
| Deferred revenue | $2,296,809 |
| 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 | $182,380 |
| Other liabilities | $0 |
| Total liabilities | $3,452,668 |
| Net assets without donor restrictions | $22,513,682 |
| 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 | $25,966,350 |
Grants Awarded
Over the last fiscal year, Society Of Exploration Geophysicists has awarded $239,029 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Palo Alto, CA PURPOSE: HUMANITARIAN GRANT | $100,000 |
TEXAS A&M CORPUS CHRISTI PURPOSE: HUMANITARIAN GRANT | $50,000 |
Lexington, KY PURPOSE: HUMANITARIAN GRANT | $43,000 |
MICHIGAN TECHNOLOGICAL UNIVERSITY PURPOSE: HUMANITARIAN GRANT | $30,000 |
Berkeley, CA PURPOSE: FIELD CAMP GRANT | $10,093 |
Golden, CO PURPOSE: FIELD CAMP GRANT | $5,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society Of Exploration Geophysicists has recieved totaling $19,280.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $19,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Exploration Geophysicists Tulsa, OK | $25,966,350 | $8,901,872 |
Geological Society Of America Inc Boulder, CO | $36,142,117 | $9,245,262 |
American Association Of Petroleum Geologists Tulsa, OK | $20,462,532 | $7,257,597 |
American Indian Science And Engineering Society Albuquerque, NM | $4,342,231 | $8,766,660 |
Numfocus Inc Austin, TX | $8,197,419 | $5,449,943 |
International Association Of Geophysical Contractors Houston, TX | $2,781,499 | $3,124,332 |
Society Of Asian Scientists And Engineers Denver, CO | $979,211 | $1,599,996 |
Electric Utility Industry Sustainable Supply Chain Alliance Kansas City, MO | $1,065,259 | $733,711 |
Society Of Vacuum Coaters Albuquerque, NM | $1,238,095 | $267,231 |
American Society Of Ichthyologists And Herpetologists Lawrence, KS | $1,761,128 | $445,688 |
Enc Inc Syntex Corporation Santa Fe, NM | $375,704 | $337,022 |
International College Of Applied Kinesiology Mission, KS | $416,829 | $251,821 |