Geophysical Society Of Houston
- Assets
- $559.6k
- Revenue
- $339.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Houston, TX
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 74-2171855
Organization Overview
Geophysical Society Of Houston is located in Houston, TX. The organization was established in 1994. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Geophysical Society Of Houston employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geophysical Society Of Houston 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 06/2022, Geophysical Society Of Houston generated $339.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $352.2k during the year ending 06/2022. 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
THE GEOPHYSICAL SOCIETY OF HOUSTON WAS FORMED IN 1947 TO PROMOTE THE SCIENCE AND PROFESSION OF GEOPHYSICS AND TO FOSTER FELLOWSHIP AND COOPERATION AMONG ALL PERSONS INTERESTED IN GEOPHYSICS. THE GSH FORMS THE HEART OF A HOUSTON-BASED GEOPHYSICAL COMMUNITY AND GIVES OPPORTUNITIES TO INTERACT WITH COLLEAGUES THROUGHOUT THE PROFESSION. THE GSH ENCOURAGES AND SUPPORTS SCIENTIFIC, EDUCATIONAL, AND CHARITABLE ACTIVITIES OF BENEFIT TO GEOPHYSICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GEOPHYSICAL SOCIETY OF HOUSTON WAS FORMED IN 1947 TO PROMOTE THE SCIENCE AND PROFESSION OF GEOPHYSICS AND TO FOSTER FELLOWSHIP AND COOPERATION AMONG ALL PERSONS INTERESTED IN GEOPHYSICS. THE GSH FORMS THE HEART OF A HOUSTON-BASED GEOPHYSICAL COMMUNITY AND GIVES OPPORTUNITIES TO INTERACT WITH COLLEAGUES THROUGHOUT THE PROFESSION. THE GSH ENCOURAGES AND SUPPORTS SCIENTIFIC, EDUCATIONAL, AND CHARITABLE ACTIVITIES OF BENEFIT TO GEOPHYSICS.
THE GEOPHYSICAL SOCIETY OF HOUSTON WAS FORMED IN 1947 TO PROMOTE THE SCIENCE AND PROFESSION OF GEOPHYSICS AND TO FOSTER FELLOWSHIP AND COOPERATION AMONG ALL PERSONS INTERESTED IN GEOPHYSICS. THE GSH FORMS THE HEART OF A HOUSTON-BASED GEOPHYSICAL COMMUNITY AND GIVES OPPORTUNITIES TO INTERACT WITH COLLEAGUES THROUGHOUT THE PROFESSION. THE GSH ENCOURAGES AND SUPPORTS SCIENTIFIC, EDUCATIONAL, AND CHARITABLE ACTIVITIES OF BENEFIT TO GEOPHYSICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Corwin 2nd VP Elect | Officer | 2 | $0 |
Peter Duncan Past Preside | Officer | 2 | $0 |
Katie Fry Editor | Officer | 2 | $0 |
Peter Eick President | Officer | 2 | $0 |
Tony Lapierre 2nd VP | Officer | 2 | $0 |
Peter Lanzarone Treasurer-El | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,581 |
| 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 | $95,771 |
| Total Program Service Revenue | $166,989 |
| Investment income | $10,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $92,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,336 |
| Payroll taxes | $34,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,005 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,105 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,300 |
| Information technology | $5,252 |
| Royalties | $0 |
| Occupancy | $28,146 |
| 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 | $2,101 |
| All other expenses | $8,833 |
| Total functional expenses | $352,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,897 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $362 |
| 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 | $522,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $559,607 |
| Accounts payable and accrued expenses | $771 |
| 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 | -$75,851 |
| Total liabilities | -$75,080 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $634,687 |
| Total liabilities and net assets/fund balances | $559,607 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Geophysical Society Of Houston has recieved totaling $11,705.
| Awarding Organization | Amount |
|---|---|
Society Of Exploration Geophysicists Tulsa, OK PURPOSE: MUSEUM GRANT | $6,705 |
Greater Houston Community Foundation Houston, TX PURPOSE: Houston Geoscience Center - to assist the Geoscience Center with their outreach program for K-12 students | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Petroleum Geologists Foundation Tulsa, OK | $53,009,390 | $2,910,036 |
American Society For Photogrammetry And Remote Sensing Baton Rouge, LA | $689,794 | $723,422 |
Weatherford Board Of Realtors Weatherford, TX | $728,023 | $624,341 |
Texas Energy Poverty Research Institute Austin, TX | $430,142 | $640,759 |
Geophysical Society Of Houston Houston, TX | $559,607 | $339,555 |
National Weather Association Norman, OK | $439,471 | $402,622 |
Scientific Investigation & Instruction Institute Austin, TX | $33,035 | $151,334 |
National Tornado Foundation Edmond, OK | $0 | $0 |
Northrop Rice Foundation Houston, TX | $21,221 | $0 |
International Union United Auto Aerospace & Agricultural Workers Hurst, TX | $72,306 | $0 |
Professional Aviation Board Of Certification Houston, TX | $128,138 | $0 |
Ttara Research Foundation Austin, TX | $239,532 | $0 |