Society Of Independent Professional Earth Scientists
- Assets
- $172.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Richardson, TX
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 74-6059311
Organization Overview
Society Of Independent Professional Earth Scientists is located in Richardson, TX. The organization was established in 0000. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2023, Society Of Independent Professional Earth Scientists employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Independent Professional Earth Scientists 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 12/2023, Society Of Independent Professional Earth Scientists generated $167.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $194.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROMOTE, DEVELOP, AND STIMULATE INTEREST AND KNOWLEDGE IN THE FIELD OF EARTH SCIENCES.
Describe the Organization's Program Activity:
Part 3
MONITORED AND REPORTED ON ISSUES THAT WOULD AFFECT MEMBERS, INCLUDING PRICE VOLATILITY OF OIL AND GAS, SUPPLY AND DEMAND ISSUES FOR OIL AND GAS PRODUCTION IN THE US AND IN CANADA; HOW INCREASING PRODUCTION IN THE US HAS IMPACTED OIL PRICES WORLDWIDE; ISSUES INVOLVED WITH HYDRAULIC FRACTURING OPERATIONS IN DRILLING OIL WELLS; STATE REGULATIONS INVOLVING VOLATILE MISSIONS AND FRACTURE STIMULATION OF WELLS; INCREASING SEISMIC ACTIVITY NEAR HYDRAULIC FRACTURING AND INJECTION DISPOSAL WELL SITES; IMPACT OF OPEC OIL PRODUCTION; WATER SHORTAGES FROM INCREASED HYDRAULIC FRACTURING ACTIVITY; SUGGESTED USES FOR FRAC WATERS; GLOBAL WARMING AND THE ENVIRONMENT; PRESIDENTIAL CANDIDATES AND ENERGY POLICIES; OVER SUPPLY OF WORLD OIL; UTILITY COMPANIES LIMITING CARBON EMISSIONS AND PROGRAM SERVICE ACCOMPLISHMENTS: SWITCHING TO NATURAL GAS OR RENEWABLE ENERGY SOURCES; BUREAU OF LAND MANAGEMENT'S AUTHORITY OVER HYDRAULIC FRACTURING ON FEDERAL LANDS; SURFACE OZONE POLLUTION; VIOLENCE IN THE MIDDE EAST AND THE IMPACT ON OIL PRICES; AND PREPARED AND PLANNED FOR CONVENTION TO BE HELD AT A FUTURE DATE.
CO-SPONSORED AN ANNUAL MEETING OF SOCIETY MEMBERS AND VISITORS FROM JUNE 13-16, 2022 IN PARK CITY, UTAH. ANNUAL MEETING PROVIDES NETWORKING AND CONTINUING EDUCATION CREDITS FOR PROFESSIONALS, INCLUDING PROFESSIONAL ETHICS.
SUPPORTED AND PARTICIPATED AS A MEMBER SOCIETY OF THE AMERICAN GEOSCIENCES INSTITUTE TO ADVANCE INTERESTS OF THE GEOSCIENCES AND PROVIDE GEOSCIENCE INFORMATION TO THE PUBLIC AND TO CONGRESSIONAL AND EXECUTIVE BRANCH DECISION MAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Boyce Director | 1 | $0 | |
Greg S Alletag Director | 1 | $0 | |
John R Stephens Vice President | 1 | $0 | |
Connie N Knight Director | 1 | $0 | |
Wendell Creech Director | 1 | $0 | |
David W Cromwell Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,792 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,986 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $167,778 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,051 |
| Professional fees and other payments to independent contractors | $2,422 |
| Occupancy, rent, utilities, and maintenance | $16,120 |
| Printing, publications, postage, and shipping | $3,725 |
| Other expenses | $110,926 |
| Total expenses | $194,244 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,763 |
| Other assets | $0 |
| Total assets | $172,763 |
| Total liabilities | $6,641 |
| Net assets or fund balances | $166,122 |