Seg Foundation
- Assets
- $19.7m
- Revenue
- $481.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 11/1988
- Data as of
- 12/2022
- EIN
- 73-1329755
Organization Overview
Seg Foundation is located in Tulsa, OK. The organization was established in 1988. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, 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. Seg 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 12/2022, Seg Foundation generated $481.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCES GEOPHYSICS TODAY AND INSPIRES FUTURE GEOSCIENTISTS THROUGH FUNDING INNOVATIVE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEG FOUNDATION FUNDS SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT AND STUDENT AND FIELD GRANT PROGRAMS THROUGH THE SOCIETY OF EXPLORATION GEOPHYSICISTS THAT BENEFIT GEOPHYSICISTS, THEIR PROFESSIONAL COMMUNITY, AND THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bartel Chair | OfficerTrustee | 3 | $0 |
Maria Cappelo Current Vice Chair | OfficerTrustee | 2 | $0 |
Tony Luppo Treasurer | OfficerTrustee | 2 | $0 |
Allyson Anderson Book Director | Trustee | 1 | $0 |
Alex Biholar Director | Trustee | 1 | $0 |
John Bradford 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 | $572,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,903 |
| Total Program Service Revenue | $0 |
| Investment income | $405,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$497,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,474,558 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $147,134 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $148,547 |
| Fees for services: Other | $209,911 |
| Advertising and promotion | $0 |
| Office expenses | $4,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,676 |
| Travel | $8,810 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,869 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,559 |
| Insurance | $2,986 |
| All other expenses | $108,237 |
| Total functional expenses | $2,177,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $617,858 |
| Savings and temporary cash investments | $653,258 |
| Pledges and grants receivable | $395,238 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,864,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,927 |
| Total assets | $19,676,976 |
| Accounts payable and accrued expenses | $20,953 |
| 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 | $473,790 |
| Total liabilities | $494,743 |
| Net assets without donor restrictions | $3,871,281 |
| Net assets with donor restrictions | $15,310,952 |
| 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 | $19,676,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Tech Foundation Socorro, NM | $41,037,147 | $5,945,035 |
Seg Foundation Tulsa, OK | $19,676,976 | $481,519 |
Bionexus Kc Kansas City, MO | $1,124,416 | $1,249,426 |
Society Of Petroleum Engineers Tr Richardson, TX | $10,206,766 | $719,076 |
Gates Biomanufacturing Facility Support Foundation Aurora, CO | $2,224,842 | $751,182 |
Comms Vnext Lafayette, CO | $72,702 | $0 |
Missouri Society Of Professional Educational Foundation Topeka, KS | $913,736 | $39,413 |
Lasa Robotics Association Inc Austin, TX | $98,209 | $0 |
Alamo Regional Academy Of Science And Engineering San Antonio, TX | $23,769 | $0 |
Pittsburg State University Research Foundation Pittsburg, KS | $12,214 | $0 |
Eegs Foundation Denver, CO | $43,806 | $0 |
Rocky Mountain Institute International Boulder, CO | $0 | $0 |
Eaa Chapter 1515 Se Texas Flyers Kountze, TX | $4,095 | $500 |
Insights New Mexico Science Center Inc El Paso, TX | $4,738,706 | $0 |