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Nonprofiteer
← GEOPHYSICAL SOCIETY OF HOUSTON

Form 990 for tax year 2022

Filed by GEOPHYSICAL SOCIETY OF HOUSTON.

Totals

Total revenue
$234,062
Total expenses
$338,648
Contributions and grants received
$85,855
Grants paid
$0
Program service revenue
$187,217
Investment income
-$84,373
Other revenue
$45,363
Total assets, end of year
$576,165
Total liabilities, end of year
$127,069
Net assets or fund balances, end of year
$449,096
Program services expenses (Part IX)
$194,812
Management and general expenses
$143,836
Fundraising expenses
$0
Program service expenses (Part III)
$194,812

Program services were 57.5% 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.

  • 1b · Membership dues

    $37,430

  • 1e · Government grants (contributions)

    $38,511

  • 1f · All other contributions, gifts and grants

    $9,914

  • 2a · Program service revenue: EVENTS

    total $187,217 · related or exempt $187,217

  • 3 · Investment income

    total $10,657 · related or exempt $10,657

  • 7a · Gross sales of assets other than inventory

    securities $312,157

  • 7b · Less cost or other basis and sales expenses

    securities $407,187

  • 7c · Gain or loss

    securities -$95,030

  • 7d · Net gain or loss

    total -$95,030 · related or exempt -$95,030

  • 11a · Other revenue: EMPLOYER RETENTION CREDIT

    total $45,363 · related or exempt $45,363

  • 11e · Other revenue, total

    $45,363

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $63,555 · program services $35,243 · management and general $28,312

  • 9 · Other employee benefits

    total $3,304 · management and general $3,304

  • 10 · Payroll taxes

    total $15,588 · management and general $15,588

  • 11b · Fees: legal

    total $1,318 · management and general $1,318

  • 11c · Fees: accounting

    total $4,423 · management and general $4,423

  • 11f · Fees: investment management

    total $6,673 · management and general $6,673

  • 13 · Office expenses

    total $9,735 · management and general $9,735

  • 16 · Occupancy

    total $28,967 · management and general $28,967

  • 23 · Insurance

    total $643 · management and general $643

  • 24a · Other expenses: COGS

    total $125,811 · program services $125,811

  • 24b · Other expenses: GEOSCIENCE CENTER EXP

    total $33,289 · program services $33,289

  • 24c · Other expenses: JOURNAL EXPENSE

    total $13,980 · management and general $13,980

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $11,877 · management and general $11,877

  • 24e · All other expenses

    total $19,485 · program services $469 · management and general $19,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,897 · end of year $16,994

  • 4 · Accounts receivable

    beginning of year $362 · end of year -$1,517

  • 11 · Investments: publicly traded securities

    beginning of year $522,348 · end of year $560,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $771

  • 25 · Other liabilities

    beginning of year -$75,851 · end of year $127,069

  • 31 · Retained earnings, endowment or other funds

    beginning of year $634,687 · end of year $449,096

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $194,812

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Afolabi Babalola

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Katie Baker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Patrick Corwin

    2ND VP

    Total calculated
    $0
    Hours/week
    2

  • Peter Eick

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Lillian Jones

    1ST VP

    Total calculated
    $0
    Hours/week
    2

  • Peter Lanzarone

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Liza Yellot

    COMMUNICATIO

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202302899349301810

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