Aapl Educational Foundation Inc
- Assets
- $4.3m
- Revenue
- $37.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/1973
- Data as of
- 06/2020
- EIN
- 23-7243157
Organization Overview
Aapl Educational Foundation Inc is located in Fort Worth, TX. The organization was established in 1973. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aapl Educational 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 06/2020, Aapl Educational Foundation Inc generated $37.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $157.3k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aapl Educational Foundation Inc has awarded 17 individual grants totaling $482,483. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATIONAL PROGRAMS CONCERNING THE PETROLEUM, MINERAL, AND ENERGY INDUSTRIES FOR MEMBERS OF AAPL AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO PROMOTE EDUCATION FOR THE MEMBERS OF AAPL AND THE GENERAL PUBLIC.
TO PROVIDE DISASTER RELIEF TO THOSE WITHIN THE PETROLEUM, MINERAL, AND ENERGY INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Marshall Cpl Chairman Emeritus | OfficerTrustee | 2 | $0 |
Marc S Tate Cpl Chairman | OfficerTrustee | 2 | $0 |
Kyle Reynolds Cpl Treasurer | OfficerTrustee | 2 | $0 |
Greta Zeimetz Aapl Executive Vice President | Officer | 3 | $0 |
Amanda Johnson Aapl Chief Accounting Officer | Officer | 3 | $0 |
Damon Weger Cpl Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,810 |
| Investment income | $71,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,226 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,085 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,820 |
| Office expenses | $555 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103 |
| 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 | $0 |
| Total functional expenses | $157,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,477 |
| 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 | $0 |
| Investments—publicly traded securities | $4,228,523 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,245 |
| Total assets | $4,331,245 |
| Accounts payable and accrued expenses | $500 |
| 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 | $473 |
| Total liabilities | $973 |
| 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 | $4,330,272 |
Grants Awarded
Over the last fiscal year, Aapl Educational Foundation Inc has awarded $150,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: TO PROMOTE EDUCATION FOR AAPL MEMBERS & PUBLIC | $115,900 |
IPAA EDUCATIONAL FOUNDATION PURPOSE: STEM CAREER PROGRAM | $25,000 |
Oklahoma City, OK PURPOSE: Assistance to promot | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aapl Educational Foundation Inc has recieved totaling $616,964.
| Awarding Organization | Amount |
|---|---|
American Assoc Of Professional Landmen Inc Fort Worth, TX PURPOSE: Disaster Relief | $585,764 |
American Assoc Of Professional Landmen Inc Fort Worth, TX PURPOSE: Development of educational course | $31,200 |
Endowment Analysis
| Beg. Balance | $20,000 |
| Earnings | -$818 |
| Net Contributions | $818 |
| Ending Balance | $20,000 |