Society Of Exploration Geophysicists
- Assets
- $19.1m
- Revenue
- $9.9m
- Investments
- $450.0k
- Employees
- 53
- Location
- Tulsa, OK
- Founding
- 08/1947
- Data as of
- 12/2022
- EIN
- 73-0555125
Organization Overview
Society Of Exploration Geophysicists is located in Tulsa, OK. The organization was established in 1947. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Society Of Exploration Geophysicists employed 53 individuals. This organization is the central organization for a national or regional group of organizations. Society Of Exploration Geophysicists 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 12/2022, Society Of Exploration Geophysicists generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society Of Exploration Geophysicists has awarded 64 individual grants totaling $1,862,258. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SCIENCE OF EXPLORATION GEOPHYSICS AND RELATED FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE AND MEETINGS - REGIONAL, INTERNATIONAL, AND RESEARCH WORKSHOPS - TO PROMOTE THE SCIENCE OF GEOPHYSICS AND FOSTER COMMON SCIENTIFIC INTERESTS.
MERIT BASED SCHOLARSHIPS, FIELD CAMP GRANTS, STUDENT AND EARLY CAREER PROGRAMS, GEOSCIENTISTS WITHOUT BORDERS PROGRAM, & TRAVEL GRANTS
PUBLICATIONS PROVIDING INFORMATION ON GEOPHYSICS EXPLORATION RESEARCH AND CURRENT DEVELOPMENTS
CONTINUING EDUCATION - TO PROMOTE THE SCIENCE OF GEOPHYSICS THROUGH GENERAL AND TECHNICAL TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Reilly Former First Vice President | OfficerTrustee | 5 | $0 |
Jeffrey Shragge Former Vice President, Publications | OfficerTrustee | 5 | $0 |
Anna Shaughnessy Past President | OfficerTrustee | 5 | $0 |
Sherif Hanafy Former Director At Large | Trustee | 5 | $0 |
Brandy Hawkins Former Director At Large | Trustee | 5 | $0 |
Arthur Cheng President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atypon Systems Llc Archive Operations | 12/30/22 | $159,119 |
Lumina Datamatics Inc Editing And Xml Composition Services | 12/30/22 | $148,476 |
Navegear Liftoff Services Llc Financial Services | 12/30/22 | $138,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $769,296 |
| Fundraising events | $0 |
| Related organizations | $1,492,479 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,261,775 |
| Total Program Service Revenue | $6,155,959 |
| Investment income | $282,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$605,487 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $137,669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,879,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $283,778 |
| Grants and other assistance to domestic individuals. | $372,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $451,129 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $738,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,592,108 |
| Pension plan accruals and contributions | $141,005 |
| Other employee benefits | $335,537 |
| Payroll taxes | $303,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,240 |
| Fees for services: Accounting | $206,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,725 |
| Fees for services: Other | $1,607,850 |
| Advertising and promotion | $159,249 |
| Office expenses | $215,324 |
| Information technology | $561,647 |
| Royalties | $0 |
| Occupancy | $233,839 |
| Travel | $272,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $558,827 |
| Interest | $7,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,175 |
| Insurance | $97,243 |
| All other expenses | $86,353 |
| Total functional expenses | $11,406,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,871 |
| Savings and temporary cash investments | $1,376,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,975,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,736 |
| Prepaid expenses and deferred charges | $215,752 |
| Net Land, buildings, and equipment | $368,383 |
| Investments—publicly traded securities | $12,075,738 |
| Investments—other securities | $450,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261,617 |
| Total assets | $19,147,160 |
| Accounts payable and accrued expenses | $1,791,837 |
| Grants payable | $0 |
| Deferred revenue | $921,701 |
| 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 | $155,441 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,998 |
| Total liabilities | $2,984,977 |
| Net assets without donor restrictions | $16,162,183 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,147,160 |
Grants Awarded
Over the last fiscal year, Society Of Exploration Geophysicists has awarded $243,780 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BALL STATE UNIVERSITY PURPOSE: HUMANITARIAN GRANT | $50,000 |
HEARTS IN MOTION (HIM) PURPOSE: HUMANITARIAN GRANT | $40,000 |
OKLAHOMA STATE UNIVERSITY PURPOSE: HUMANITARIAN GRANT | $40,000 |
COLORADO SCHOOL OF MINES FOUNDATION PURPOSE: FIELD CAMP GRANT | $16,390 |
TEXAS A&M CORPUS CHRISTI PURPOSE: HUMANITARIAN GRANT | $49,887 |
UNIVERSITY OF KENTUCKY PURPOSE: HUMANITARIAN GRANT | $37,503 |