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Nonprofiteer
← OKLAHOMA ENERGY EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by OKLAHOMA ENERGY EDUCATION FOUNDATION.

Totals

Total revenue
$341,930
Total expenses
$536,535
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$323,822
Investment income
$18,108
Other revenue
$0
Total assets, end of year
$5,437,043
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,437,043
Program services expenses (Part IX)
$94,430
Management and general expenses
$440,629
Fundraising expenses
$1,476
Program service expenses (Part III)
$94,430

Program services were 17.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL REVENUE

    total $323,822 · related or exempt $161,911 · unrelated business $161,911

  • 3 · Investment income

    total $18,108 · excluded $18,108

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $15,000 · management and general $15,000

  • 11b · Fees: legal

    total $200 · program services $81 · management and general $119

  • 11g · Fees: other

    total $41,519 · program services $8,004 · management and general $33,515

  • 12 · Advertising and promotion

    total $24,045 · program services $4,266 · management and general $19,779

  • 13 · Office expenses

    total $27,068 · program services $1,675 · management and general $25,393

  • 16 · Occupancy

    total $234,914 · program services $5,420 · management and general $229,494

  • 19 · Conferences, conventions and meetings

    total $206 · program services $203 · management and general $3

  • 22 · Depreciation, depletion and amortization

    total $169,506 · program services $70,186 · management and general $97,844 · fundraising $1,476

  • 23 · Insurance

    total $24,077 · program services $4,595 · management and general $19,482

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $616,860 · end of year $590,091

  • 10a · Land, buildings and equipment: cost or other basis

    $6,784,667

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,937,715

  • 10c · Land, buildings and equipment, net

    beginning of year $5,014,788 · end of year $4,846,952

  • 27 · Net assets without donor restrictions

    beginning of year $5,631,648 · end of year $5,437,043

  • 28 · Net assets with donor restrictions

    beginning of year $0

Mission and programs · 2023

Mission

TO RAISE PUBLIC AWARENESS OF ENERGY ISSUES, TO EDUCATE THE GENERAL PUBLIC OF THE IMPORTANCE OF THE OIL AND GAS INDUSTRY, TO ENCOURAGE THE EFFICIENT USE OF ENERGY, TO PROMOTE ENVIRONMENTALLY SOUND PRODUCTION METHODS AND TECHNOLOGIES, AND TO PROMOTE THE TRANSFER OF ENERGY TECHNOLOGY.

Activities or mission (Part I)

TO RAISE PUBLIC AWARENESS OF ENERGY ISSUES, TO EDUCATE THE GENERAL PUBLIC OF THE IMPORTANCE OF THE OIL GAS INDUSTRY, TO ENCOURAGE THE EFFICIENT USE OF ENERGY, TO PROMOTE ENVIRONMENTALLY SOUND PRODUCTION METHODS AND TECHNOLOGIES, AND TO PROMOTE THE TRANSFER OF ENERGY TECHNOLOGY.

  • TO RAISE PUBLIC AWARENESS OF ENERGY ISSUES, TO EDUCATE THE GENERAL PUBLIC OF THE IMPORTANCE OF THE OIL AND GAS INDUSTRY, TO ENCOURAGE THE EFFICIENT USE OF ENERGY, TO PROMOTE ENVIRONMENTALLY SOUND PRODUCTION METHODS AND TECHNOLOGIES, AND TO PROMOTE THE TRANSFER OF ENERGY TECHNOLOGY.

    Expenses $94,430 · Revenue $161,911

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David D Le Norman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • Chad McDougall

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • Sean Flynn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Haley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Ketter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Brook A Simmons

    EXECUTIVE DIRECTOR

    Total calculated
    $407,282
    From this org
    $15,000
    From related orgs
    $390,000
    Other
    $2,282
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $15,000 + $300,000 related
    Bonus
    $0 + $90,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,282 related
    Filer's total
    $15,000 + $392,282 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PETROLEUM ALLIANCE OF OKLAHOMA INC

    501(C)(6) · PROMOTION OF THE OKLAHOMA OIL & GAS INDUSTRY · OK

  • PETROLEUM ALLIANCE OF OKLAHOMA PAC

    527 · PROMOTION OF THE OKLAHOMA OIL & GAS INDUSTRY · OK · controlled entity

    Directly controlled by PETROLEUM ALLIANCE OF OKLAHOMA INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • OKLAHOMA INDEPENDENT PETROLEUM FOUNDATION

    C · MANAGEMENT SERVICE · OK

Provenance

Return type
form_990
Tax year
2023
Filed
1 March 2025
IRS schema version
2023v6.0
Source object
202540799349300904

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