Oklahoma Geological Foundation is located in Edmond, OK. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Geological Foundation 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, Oklahoma Geological Foundation generated $326.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $181.6k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Oklahoma Geological Foundation has awarded 21 individual grants totaling $135,234. 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 IMPLEMENT A MODEL OF "EXCELLENCE IN EARTH SCIENCE EDUCATION". THIS MODEL IS DESIGNED TO CHALLENGE STUDENTS AND TEACHERS TO MAKE EARTH SCIENCE EDUCATION A PRIORITY AND IS DIVIDED INTO THE FOLLOWING DIRECTIVES:
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVERYDAY EARTH PROGRAM WAS ESTABLISHED IN MID-2017 BY THE OKLAHOMA GEOLOGICAL FOUNDATION TO PROVIDE EARTH SCIENCE EDUCATION MATERIAL IN AN ENTERTAINING ONLINE FORMAT THAT STUDENTS WILL ENJOY. IT IS PRESENTED AS A LIGHT COMEDIC NARRITIVE THAT FILTERS IN MULTIPLE LESSONS FOR THE STUDENTS TO EXPLORE CERTAIN ASPECTS OF THE EARTH'S HYDROSPHERE, GEOSPHERE, BIOSPHERE, AND ATMOSPHERE. THIS IS ACCOMPLISHED BY USING OKLAHOMA AND OTHER NEARBY LOCALITIES AS THE BACKDROP SCENERY FOR THE STUDY OF THE EARTH SCIENCES. THE PROGRAM CONTAINS AN ACCUMULATION OF VIDEOS AND INTERACTIVE LESSONS ALLOWING STUDENTS TO PARTICIPATE IN SCIENTIFIC INVESTIGATIONS ONSCREEN AS THEY FOLLOW A SIMPLE STORYLINE NARRATIVE IN ORDER TO KEEP THE STUDENTS ENGAGED.THE PROGRAM WILL CONSIST OF TEN STAND-ALONE MISSIONS WITH EACH MISSION BEING AN IMPACTFUL PRODUCT DELIVERED FREE OF CHARGE TO SPONSORED SCHOOLS. THE FIRST TWO MISSIONS ARE CURRENTLY ONLINE IN WHICH THE STUDENTS ARE ABLE TO INVESTIGATE THE HYDROSPHERE (HYDROLOGIC CYCLE), AND WEATHERING AND EROSION (WATER'S ROLE IN MODIFYING THE EARTH'S SURFACE). MISSIONS 3 AND 4 ARE ALSO ONLINE WHERE INDIVIDUALS STUDY THE ROCK CYCLES. THE EVERYDAY PROGRAM IS DESIGNED TO BE USED AS SELF-DIRECTED LEARNING, AS A TEACHER-LED EXPERIENCE, OR BY PARENTS OF HOME SCHOOLED CHILDREN.THE TARGET AUDIENCE FOR EVERYDAY EARTH IS 4TH THROUGH 8TH GRADE STUDENTS, AND IT FOLLOWS THE NEXT GENERATION SCIENCE STANDARDS (NGSS), AS WELL AS THE OKLAHOMA ACADEMIC STANDARDS FOR SCIENCE (OASS). THE OKLAHOMA GEOLOGICAL FOUNDATION, ALONG WITH OTHER SUPPORTING PARTNERS, ARE CURRENTLY PROVIDING FUNDS FOR THE DEVELOPMENT OF THIS S.T.E.M. BASED PROGRAM. OTHER SUPPORTING PARTNERS INCLUDE: DEVON ENERGY, CHESAPEAKE ENERGY, ECHO ENERGY, THE UNIVERSITY OF OKLAHOMA DEPARTMENT OF GEOSCIENCES, HALLIBURTON, THE PICK AND HAMMER CLUB, AND THE DIRECTORS OF THE FOUNDATION.
IN APRIL 2015, THE OKLAHOMA GEOLOGICAL FOUNDATION, ALONG WITH OGF DIRECTOR LARRY LUNARDI, BEGAN ASSEMBLING AND DISTRIBUTING PERMANENT, ON-SITE COLLECTIONS OF MUSEUM QUALITY ROCKS, MINERALS, AND FOSSILS FOR EDUCATIONAL INSTITUTIONS LOCATED IN OKLAHOMA. THE POSITIVE COMMENTS FROM STUDENTS AND TEACHERS HAVE BEEN INCREDIBLE. AS A RESULT, IN 2018, THE LARRY LUNARDI & THE OKLAHOMA GEOLOGICAL FOUNDATION'S ROCK MINERAL, AND FOSSIL COLLECTION PROGRAM WAS OFFICIALLY ESTABLISHED.AS OF DECEMBER 31, 2021, OVER 200 COLLECTIONS HAVE BEEN DISTRIBUTED TO OKLAHOMA SCHOOLS. IN RETURN, SCHOOLS THAT APPLY FOR THESE ROCK, MINERAL, AND FOSSIL COLLECTIONS ARE ASKED HOW MANY STUDENTS AND TEACHERS USE THE COLLECTIONS. TO DATE AND BASED ON THEIR RESPONSES, IT IS ESTIMATED THAT OVER 90,000 STUDENTS AND 1,350 TEACHERS HAVE BEEN IMPACTED FROM THE COLLECTIONS THAT HAVE BEEN DONATED TO THE RESPECTIVE SCHOOLS IN OKLAHOMA.THE FOUNDATION CURRENTLY PROVIDES FUNDING OF THESE COLLECTIONS THROUGH THE ROCK, MINERAL, AND FOSSIL COLLECTION PROGRAM.
SINCE 2012, THE OKLAHOMA GEOLOGICAL FOUNDATION HAS PROVIDED FUNDING FOR OVER 200 COLLEGE LEVEL STUDENTS TO ATTEND SUMMER GEOLOGY FIELD CAMPS. THESE STUDENTS ARE ENROLLED AT OKLAHOMA STATE UNIVERSITY, THE UNIVERSITY OF OKLAHOMA, AND THE UNIVERSITY OF TULSA. THE GEOLOGY FIELD CAMP GRANTS RANGE FROM $500 TO $2,000 PER STUDENT. THESE GRANTS ARE FUNDED BY THE OKLAHOMA GEOLOGICAL FOUNDATION FROM TWO FIELD CAMP PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas C Cronin Chairman | OfficerTrustee | 1 | $0 |
Lawrence H Davis Chairman Finance Committe | OfficerTrustee | 1 | $0 |
Joel A Alberts Secretary | OfficerTrustee | 1 | $0 |
Michael Bone Chairman Technology Commit | Trustee | 1 | $0 |
Devin Dennie Chairman Stem Outreach Com | Trustee | 1 | $0 |
Michael E Hale Chairman Donor And Sponsor Committee | Trustee | 1 | $0 |
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 | $123,050 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $123,050 |
Total Program Service Revenue | $0 |
Investment income | $51,762 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $151,778 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $326,590 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,596 |
Grants and other assistance to domestic individuals. | $46,281 |
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 | $9,963 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,025 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $17,544 |
Fees for services: Other | $0 |
Advertising and promotion | $12,268 |
Office expenses | $0 |
Information technology | $934 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $5,662 |
Total functional expenses | $181,620 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $31,020 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $153,000 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $3,034,429 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $19,672 |
Total assets | $3,238,121 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $297,389 |
Net assets with donor restrictions | $2,940,732 |
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 | $3,238,121 |
Over the last fiscal year, Oklahoma Geological Foundation has awarded $32,200 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
MOUNTAIN VIEW-GOTEBO SCHOOL PURPOSE: EARTH SCIENCE EDUCATION | $8,000 |
ROSE STATE COLLEGE PURPOSE: EARTH SCIENCE EDUCATION | $6,648 |
ST ELIZABETH ANN SETON CATHOLIC SCHOOL PURPOSE: EARTH SCIENCE EDUCATION | $6,380 |
ENERGY AMERICA EDUCATIONAL INSTITUTE PURPOSE: EARTH SCIENCE EDUCATION | $6,072 |
Stuart, OK PURPOSE: EARTH SCIENCE EDUCATION | $5,100 |
Over the last fiscal year, we have identified 2 grants that Oklahoma Geological Foundation has recieved totaling $12,000.
Awarding Organization | Amount |
---|---|
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Lester Family Foundation Oklahoma City, OK PURPOSE: CONTINUING OPERATIONS | $2,000 |
Beg. Balance | $2,025,388 |
Earnings | $8,398 |
Net Contributions | $23,810 |
Ending Balance | $2,057,596 |
Organization Name | Assets | Revenue |
---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |