Seg Foundation
- Assets
- $27.2m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 11/1988
- Data as of
- 12/2021
- 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 12/2021, Seg Foundation generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Loudin Chair | OfficerTrustee | 3 | $0 |
Arthur Cheng Current Vice Chair | OfficerTrustee | 2 | $0 |
Tony Luppo Treasurer | OfficerTrustee | 2 | $0 |
James White Secretary | Officer | 1 | $0 |
Carlos DE La Garza Md, Finance | Officer | 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 | $604,345 |
| Noncash contributions included in lines 1a–1f | $19,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,345 |
| Total Program Service Revenue | $0 |
| Investment income | $591,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,389,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,585,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200,235 |
| 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 | $100,098 |
| Fees for services: Legal | $7,418 |
| Fees for services: Accounting | $30,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $154,027 |
| Fees for services: Other | $199,161 |
| Advertising and promotion | $150 |
| Office expenses | $11,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,479 |
| Travel | $29,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,926 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,714 |
| Insurance | $3,938 |
| All other expenses | $116,481 |
| Total functional expenses | $1,915,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,878 |
| Savings and temporary cash investments | $727,774 |
| Pledges and grants receivable | $769,520 |
| 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 | $24,826,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,180 |
| Total assets | $27,222,426 |
| 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 | $468,581 |
| Total liabilities | $468,581 |
| Net assets without donor restrictions | $5,855,369 |
| Net assets with donor restrictions | $20,898,476 |
| 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 | $27,222,426 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Seg Foundation has recieved totaling $87,600.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: SCIENCE | $26,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: PUBLIC BENEFIT | $24,000 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $19,600 |
Tom And Carolyn Hamilton Family Foundation Houston, TX PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Springmeyer Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $4,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $4,000 |
Endowment Analysis
| Beg. Balance | $20,830,425 |
| Earnings | $1,464,159 |
| Net Contributions | $45,680 |
| Other Expense | $490,493 |
| Ending Balance | $21,849,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Tech Foundation Socorro, NM | $38,498,574 | $2,517,298 |
Seg Foundation Tulsa, OK | $27,222,426 | $2,585,485 |
Bionexus Kc Kansas City, MO | $1,271,065 | $1,621,548 |
Society Of Petroleum Engineers Tr Richardson, TX | $12,383,266 | $634,754 |
Watson Caring Science Institute Boulder, CO | $339,933 | $730,953 |
Gates Biomanufacturing Facility Support Foundation Aurora, CO | $1,778,251 | $750,281 |
Rocky Mountain Institute International Boulder, CO | -$8,006 | $9,098 |
Missouri Society Of Professional Educational Foundation Topeka, KS | $912,011 | $76,854 |
Lasa Robotics Association Inc Austin, TX | $50,335 | $0 |
Alamo Regional Academy Of Science And Engineering San Antonio, TX | $23,769 | $0 |
Pittsburg State University Research Foundation Pittsburg, KS | $17,001 | $0 |
Eegs Foundation Denver, CO | $47,327 | $0 |