Oklahoma Well Log Library Inc
- Assets
- $341.5k
- Revenue
- $168.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 02/1966
- Data as of
- 03/2021
- EIN
- 73-0708636
Organization Overview
Oklahoma Well Log Library Inc is located in Tulsa, OK. The organization was established in 1966. As of 03/2021, Oklahoma Well Log Library Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Well Log Library 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 03/2021, Oklahoma Well Log Library Inc generated $168.7k 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 (9.4%) each year. All expenses for the organization totaled $232.2k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) 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
PROVIDE A LIBRARY OF WELL LOGS TO THE PETROLEUM INDUSTRY AND OTHER INTERESTED PARTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A LIBRARY OF OIL AND GAS WELL LOGS, REPORTS, COMPLETION CARDS, MAPS, PRODUCTION BOOKS, AND MICRO FICHE TO MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schad Secretary | OfficerTrustee | 0 | $0 |
Gary Carnaghi Vice President | OfficerTrustee | 0 | $0 |
Richard Piqune President | OfficerTrustee | 0 | $0 |
Patrick J Ryan Treasurer | OfficerTrustee | 0 | $0 |
Harrison Townes Director | Trustee | 0 | $0 |
Robert Gaddis Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Investment income | $3,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,774 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,655 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $35,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $201 |
| Fees for services: Other | $0 |
| Advertising and promotion | $350 |
| Office expenses | $2,604 |
| Information technology | $34,882 |
| Royalties | $0 |
| Occupancy | $74,808 |
| Travel | $71 |
| 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 | $50,901 |
| Insurance | $8,420 |
| All other expenses | $0 |
| Total functional expenses | $232,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,816 |
| Savings and temporary cash investments | $27,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,427 |
| 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 | $6,234 |
| Investments—publicly traded securities | $150,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $341,474 |
| Accounts payable and accrued expenses | $6,568 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,568 |
| 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 | $334,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Fort Smith Public Library Fort Smith, AR | $2,977,372 | $3,424,796 |
Southern Oklahoma Library System Incorporated Ardmore, OK | $4,501,303 | $2,637,945 |
Robert Charles Bunn Seattle Public Library Fund Sea-First Natl Bk Tte Dallas, TX | $16,854,723 | $3,899,973 |
Friends Of The Dallas Public Library Inc Dallas, TX | $4,968,118 | $1,220,612 |
Kansas City Metropolitan Library & Information Network Independence, MO | $752,486 | $765,658 |
Greene County Library Paragould, AR | $1,896,345 | $684,465 |
Charity League Corpus Christi, TX | $117,069 | $471,138 |
Taneyhills Library Club Branson, MO | $1,981,166 | $371,831 |
Carnegie Public Library Association Of Brownwood Tex Brownwood, TX | $493,624 | $397,748 |
Northeast Arkansas Regional Library Paragould, AR | $540,416 | $318,437 |