Aeg Foundation
- Assets
- $1.2m
- Revenue
- $254.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 94-3168991
Organization Overview
Aeg Foundation is located in Oakland, CA. The organization was established in 1994. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeg 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 12/2023, Aeg Foundation generated $254.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $147.3k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO ADVANCING RESEARCH, EDUCATION, PUBLIC AWARENESS AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AEG FOUNDATION WAS ESTABLISHED BY THREE PAST PRESIDENTS OF THE ASSOCIATION OF ENVIRONMENTAL AND ENGINEERING GEOLOGISTS AEG AS AN INDEPENDENT ORGANIZATION IN 1992. THE AEG FOUNDATIONS VISION IS TO DEVELOP PROGRAMS THAT AID OUR PROFESSION ENCOURAGE THOSE THAT RECEIVE DIRECT AID AND, INSTALL DONORS CONFIDENCE THAT THEIR FUNDS BOTH SUPPORT FINE PROGRAMS AND ARE WELL-INVESTED. OUR CORE PROGRAMS EMPHASIZE SCHOLARSHIP, RESEARCH AND PROFESSIONAL DEVELOPMENT TO IMPROVE PROFESSIONAL PRACTICE IN THE SHORT AND LONG TERMS. WE SUPPORT OUTREACH TO INCREASE THE PUBLICS APPRECIATION OF ENVIRONMENTAL AND ENGINEERING GEOLOGY IN GEOHAZARD EVALUTION, RISK REDUCTION, OUR SUSTAINABLE USE OF RESOURCES AND PROPER DISPOSAL OF WASTES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Kreuger President | OfficerTrustee | 15 | $0 |
Anna Saindon Vice President | OfficerTrustee | 8 | $0 |
Rosalind Munro Secretary | OfficerTrustee | 8 | $0 |
Matthew Brunengo Director | Trustee | 1 | $0 |
Nichole Wendlandt Director | Trustee | 1 | $0 |
Marty Goff Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $108,992 |
| Noncash contributions included in lines 1a–1f | $17,981 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,992 |
| Total Program Service Revenue | $0 |
| Investment income | $145,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,024 |
| Grants and other assistance to domestic individuals. | $39,500 |
| 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 | $52,070 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,616 |
| 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 | $6,557 |
| Information technology | $6,154 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,868 |
| 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 | $1,695 |
| All other expenses | $0 |
| Total functional expenses | $147,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,229 |
| Savings and temporary cash investments | $26,883 |
| 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 | $573 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,132,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,199,004 |
| 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 | $218,020 |
| Net assets with donor restrictions | $980,984 |
| 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 | $1,199,004 |
Grants Awarded
Over the last fiscal year, Aeg Foundation has awarded $16,024 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IDAHO STATE UNIVERSITY | | | $10,724 |
WILKES UNIVERSITY | | | $5,300 |