Totals
- Total revenue
- $83,883
- Total expenses
- $2,025,008
- Contributions and grants received
- $602,138
- Grants paid
- $1,246,665
- Program service revenue
- $0
- Investment income
- -$518,255
- Other revenue
- $0
- Total assets, end of year
- $21,239,992
- Total liabilities, end of year
- $468,416
- Net assets or fund balances, end of year
- $20,771,576
- Program services expenses (Part IX)
- $1,310,416
- Management and general expenses
- $534,747
- Fundraising expenses
- $179,845
- Program service expenses (Part III)
- $1,310,416
Program services were 64.7% 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.
-
1f · All other contributions, gifts and grants
$602,138
-
3 · Investment income
total $499,615 · excluded $499,615
-
7a · Gross sales of assets other than inventory
securities $7,553,186
-
7b · Less cost or other basis and sales expenses
securities $8,571,056
-
7c · Gain or loss
securities -$1,017,870
-
7d · Net gain or loss
total -$1,017,870 · excluded -$1,017,870
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,246,665 · program services $1,246,665
-
11a · Fees: management
total $192,622 · management and general $127,067 · fundraising $65,555
-
11b · Fees: legal
total $4,237 · management and general $4,237
-
11c · Fees: accounting
total $32,500 · management and general $21,439 · fundraising $11,061
-
11f · Fees: investment management
total $110,991 · management and general $110,991
-
11g · Fees: other
total $205,291 · program services $63,751 · management and general $63,288 · fundraising $78,252
-
13 · Office expenses
total $5,732 · management and general $5,693 · fundraising $39
-
16 · Occupancy
total $5,264 · management and general $5,264
-
17 · Travel
total $4,038 · management and general $1,080 · fundraising $2,958
-
19 · Conferences, conventions and meetings
total $18,350 · management and general $130 · fundraising $18,220
-
22 · Depreciation, depletion and amortization
total $9,412 · management and general $9,412
-
23 · Insurance
total $3,338 · management and general $3,338
-
24a · Other expenses: SOFTWARE SERVICES
total $17,189 · management and general $17,189
-
24b · Other expenses: FOREIGN TAX
total $7,893 · management and general $7,893
-
24c · Other expenses: BANK CHARGES
total $3,760 · fundraising $3,760
-
24d · Other expenses: EXTERNAL TECHNICAL SERV
total $3,540 · management and general $3,540
-
24e · All other expenses
total $154,186 · management and general $154,186
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $617,858 · end of year $365,200
-
2 · Savings and temporary cash investments
beginning of year $653,258 · end of year $4,213,276
-
3 · Pledges and grants receivable
beginning of year $395,238 · end of year $55,057
-
11 · Investments: publicly traded securities
beginning of year $17,864,695 · end of year $16,171,347
-
15 · Other assets
beginning of year $145,927 · end of year $435,112
-
17 · Accounts payable and accrued expenses
beginning of year $20,953 · end of year $3,002
-
25 · Other liabilities
beginning of year $473,790 · end of year $465,414
-
27 · Net assets without donor restrictions
beginning of year $3,871,281 · end of year $3,705,653
-
28 · Net assets with donor restrictions
beginning of year $15,310,952 · end of year $17,065,923
Mission and programs · 2023
Mission
SEG FOUNDATION ADVANCES GEOPHYSICS TODAY AND INSPIRES GEOSCIENTISTS FOR TOMORROW THROUGH FUNDING INNOVATIVE ACTIVITIES AND GRANT PROGRAMS THAT BENEFIT GEOPHYSICISTS, THEIR PROFESSIONAL COMMUNITY AND THE SOCIETY OF EXPLORATION GEOPHYSICISTS AND THE GENERAL PUBLIC. TO PROVIDE SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT AND YOUTH OUTREACH ACTIVITIES THAT ADVANCE GEOPHYSICS, TRAIN GEOSCIENTISTS AND INTEREST YOUTH IN THE STUDY OF THE GEOSCIENCES.
Activities or mission (Part I)
ADVANCES GEOPHYSICS TODAY AND INSPIRES FUTURE GEOSCIENTISTS THROUGH FUNDING INNOVATIVE ACTIVITIES.
-
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.
Expenses $1,310,416 · Grants $1,246,665
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rocco DetomoROCCO DETOMO
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Shipeng FuSHIPENG FU
CURRENT VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tony LuppoTONY LUPPO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Alex BiholarALEX BIHOLAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria Angela CapelloMARIA ANGELA CAPELLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur ChengARTHUR CHENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John EastwoodJOHN EASTWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond FarrellRAYMOND FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel KahnDANIEL KAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea LovantiANDREA LOVANTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tana PoolTANA POOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth TubmanKENNETH TUBMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan WebbSUSAN WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James WhiteJAMES WHITE
SECRETARY
- Total calculated
- $324,171
- From this org
- $0
- From related orgs
- $301,028
- Other
- $23,143
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $276,500 related
- Bonus
- $0 + $22,548 related
- Other
- $0 + $1,980 related
- Deferred
- $0 + $16,230 related
- Nontaxable benefits
- $0 + $7,503 related
- Filer's total
- $0 + $324,761 related
-
Carlos De La GarzaCARLOS DE LA GARZA
CFO
- Total calculated
- $256,465
- From this org
- $0
- From related orgs
- $242,954
- Other
- $13,511
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $226,087 related
- Bonus
- $0 + $15,577 related
- Other
- $0 + $1,290 related
- Deferred
- $0 + $13,511 related
- Nontaxable benefits
- $0 + $589 related
- Filer's total
- $0 + $257,054 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
None.
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
-
SOCIETY OF EXPLORATION GEOPHYSICISTS
$1,246,665
MONETARY SUPPORT TO PROVIDE SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT AND STUDENT PROGRAMS.
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.
-
SOCIETY OF EXPLORATION GEOPHYSICISTS
501(C)(6) · GEOPHYSICS · OK
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413179349307261
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