Schlumberger Foundation Inc
- Assets
- $27.0m
- Revenue
- $1.9m
- Investments
- $26.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1969
- Data as of
- 12/2023
- EIN
- 23-7033142
Organization Overview
Schlumberger Foundation Inc is located in New York, NY. The organization was established in 1969. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schlumberger Foundation 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 12/2023, Schlumberger Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Schlumberger Foundation Inc has awarded 198 individual grants totaling $7,503,166. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Martellozo Chairman | 1 | $0 | |
Roseline Chapel President/treasurer/manager | 1 | $0 | |
Vicki Colvin Board Member | 1 | $0 | |
Capella Festa Board Member | 1 | $0 | |
Robert Onyejekwe Board Member | 1 | $0 | |
Aparna Raman Board Member Eff. 12/2023 | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $66,849 |
| Dividends & Interest | $431,709 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,368,967 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,867,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $53,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $167,625 |
| Printing and publications | $0 |
| Other expenses | $1,119 |
| Total operating and administrative expenses | $319,955 |
| Contributions, gifts, grants paid | $1,343,297 |
| Total expenses and disbursements | $1,663,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $216,592 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,541 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,738,729 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $26,962,862 |
| Accounts payable and accrued expenses | $23,000 |
| Grants payable | $219,698 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $77,985 |
| Total liabilities | $320,683 |
Grants Awarded
Over the last fiscal year, Schlumberger Foundation Inc has awarded $1,489,311 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SEEDING LABS PURPOSE: EDUCATIONAL/RESEARCH GRANT | $150,000 |
CHRISTELLE NOELLE DZESSE TEKOUE PURPOSE: EDUCATIONAL/RESEARCH GRANT | $69,708 |
AYAWOVI SELOM AMETEPE PURPOSE: EDUCATIONAL/RESEARCH GRANT | $50,000 |
BARO NADEJDA SERO PURPOSE: EDUCATIONAL/RESEARCH GRANT | $50,000 |
BET SARAI WU ALVARADO PURPOSE: EDUCATIONAL/RESEARCH GRANT | $50,000 |
BEATRICE KONADU PURPOSE: EDUCATIONAL/RESEARCH GRANT | $50,258 |