Sepm Society For Sedimentary Geology
- Assets
- $5.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Broken Arrow, OK
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 73-0596140
Organization Overview
Sepm Society For Sedimentary Geology is located in Broken Arrow, OK. The organization was established in 1987. According to its NTEE Classification (U36) the organization is classified as: Geology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Sepm Society For Sedimentary Geology employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sepm Society For Sedimentary Geology 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 12/2021, Sepm Society For Sedimentary Geology generated $1.0m 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 (4.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) 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
SEPM, THE SOCIETY FOR SEDIMENTARY GEOLOGY, IS A NON-PROFIT SOCIETY THAT FOCUSES SPECIFICALLY ON ENRICHING PROFESSIONALS AND STUDENTS WITHIN SEDIMENTARY GEOLOGY. SEPM IS DEDICATED TO DISSEMINATION AND EDUCATION IN ALL RELATED FIELDS. SEPM OFFERS MEMBERSHIP LEVELS AND RESOURCES FOR PROFESSIONALS AND STUDENTS IN THIS FIELD TO CONNECT, NETWORK, PUBLISH, AND GROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RESEARCH CONFERENCES AND MEETINGS
PUBLICATION OF SCIENTIFIC JOURNALS
MEMBERSHIP ACTIVITIES
CONTINUING EDUCATION PROGRAMS AND CONTRIBUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa L Scott Associate Director | Officer | 40 | $109,555 |
Howard E Harper Executive Director | Officer | 40 | $109,320 |
Keriann Pederson Secretary-Treasurer | Trustee | 2 | $0 |
Annette George International Councilor | Trustee | 2 | $0 |
Michael Blum President | Trustee | 2 | $0 |
Murray Gingras Councilor For Paleontology | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,075 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,123 |
| Total Program Service Revenue | $221,340 |
| Investment income | $53,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $308,189 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,328 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $113,048 |
| 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. | $233,353 |
| Compensation of current officers, directors, key employees. | $93,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,417 |
| Payroll taxes | $27,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,435 |
| Travel | $3,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,498 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,900 |
| Insurance | $26,599 |
| All other expenses | $10,942 |
| Total functional expenses | $1,041,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,921 |
| Savings and temporary cash investments | $534,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,450 |
| Prepaid expenses and deferred charges | $98,523 |
| Net Land, buildings, and equipment | $21,558 |
| Investments—publicly traded securities | $4,144,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,582,306 |
| Accounts payable and accrued expenses | $42,251 |
| Grants payable | $0 |
| Deferred revenue | $239,712 |
| 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 | $99,603 |
| Total liabilities | $381,566 |
| Net assets without donor restrictions | $5,200,740 |
| 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 | $5,582,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Geological Society Of America Foundation Boulder, CO | $25,155,790 | $3,154,143 |
Sepm Society For Sedimentary Geology Broken Arrow, OK | $5,582,306 | $1,036,027 |
American Institute Of Professional Geologists Westminster, CO | $3,145,022 | $984,035 |
Rocky Mountain Association Of Geologists Denver, CO | $1,409,204 | $227,835 |
American Institute Of Professional Geologists Westminster, CO | $565,394 | $257,675 |
Blue Ladies Minerals Inc St Louis, MO | $882,178 | $127,902 |
New Mexico Geological Society Socorro, NM | $409,141 | $0 |
Association Of American State Geologists Westminster, CO | $256,706 | $74,875 |
Association Of Earth Science Clubs Of Greater Kansas City Inc 1000 Po Independence, MO | $254,035 | $0 |
Kansas Geological Foundation Wichita, KS | $532,580 | $101,887 |
Ardmore Sample Cut And Library Inc Ardmore, OK | $1,546,238 | $55,761 |
Petroleum Geologists Denver, CO | $221,336 | $15,103 |