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← AAPL EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by AAPL EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$191,190
Total expenses
$206,543
Contributions and grants received
$12,081
Grants paid
$156,286
Program service revenue
$0
Investment income
$178,437
Other revenue
$672
Total assets, end of year
$5,428,091
Total liabilities, end of year
$32,554
Net assets or fund balances, end of year
$5,395,537
Program services expenses (Part IX)
$156,286
Management and general expenses
$50,257
Fundraising expenses
$0
Program service expenses (Part III)
$156,286

Program services were 75.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $12,081

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $99,218 · unrelated business $0 · excluded $99,218

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $672 · unrelated business $0 · excluded $672

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $851,230 · other assets $0

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

    securities $772,011 · other assets $0

  • 7c · Gain or loss

    securities $79,219 · other assets $0

  • 7d · Net gain or loss

    total $79,219 · unrelated business $0 · excluded $79,219

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $156,286 · program services $156,286

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $10,787 · program services $0 · management and general $10,787 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $23,876 · program services $0 · management and general $23,876 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,675 · program services $0 · management and general $3,675 · fundraising $0

  • 14 · Information technology

    total $1,615 · program services $0 · management and general $1,615 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $185 · program services $0 · management and general $185 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $10,000 · program services $0 · management and general $10,000 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: SEVERANCE TAX

    total $119 · program services $0 · management and general $119 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,510 · end of year $168,385

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $19,514

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,973,734 · end of year $5,240,192

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,935 · end of year $17,711

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $28,770 · end of year $14,843

  • 27 · Net assets without donor restrictions

    beginning of year $5,014,054 · end of year $5,375,152

  • 28 · Net assets with donor restrictions

    beginning of year $20,485 · end of year $20,385

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE EDUCATIONAL FOUNDATION WAS FORMED FOR THE PURPOSE OF 1. PROMOTING EDUCATION, INSTRUCTION AND TRAINING FOR MEMBERS TO IMPROVE OR DEVELOP THEIR CAPABILITIES, 2. INSTRUCT THE PUBLIC ON SUBJECTS USEFUL TO INDIVIDUALS AND BENEFICIAL TO THE COMMUNITY, 3. FURTHER THE ADVANCEMENT OF EDUCATION AND 4. SUPPORT OTHER CHARITABLE PURPOSES, SUCH AS NATURAL DISASTER RELIEF FOR MEMBERS.

Activities or mission (Part I)

PROMOTE EDUCATIONAL PROGRAMS CONCERNING THE PETROLEUM, MINERAL, AND ENERGY INDUSTRIES FOR MEMBERS OF AAPL AND THE GENERAL PUBLIC.

  • To Provide assistance to promote education for the members of AAPL and the general public. Grants for promoting education, instruction, and training for members to improve or develop their capabilities - $86,264 Grants to further the advancement of education - $70,022.

    Expenses $156,286 · Grants $156,286

As filed on the 2023 return.

Listed in Part VII

  • Jerris E Johnson

    TREASURER END: 06/24

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael A Pisciotte Cpl

    PAST VICE PRESIDENT END: 06/24

    Total calculated
    $0
    Hours/week
    1

  • R Dirk Vanderploegg II

    3RD VICE PRESIDENT: 06/24

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Blaine E Gamble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C Andrew Cooper Cpl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Crouch Cpl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jess A Rowe Cpl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Taylor Thoreson Cpl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy G Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greta Zeimetz

    AAPL EVP END: 2/24

    Total calculated
    $369,023
    From this org
    $0
    From related orgs
    $334,902
    Other
    $34,121
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,989 related
    Bonus
    $0 + $51,087 related
    Other
    $0 + $73,826 related
    Deferred
    $0 + $21,264 related
    Nontaxable benefits
    $0 + $12,857 related
    Filer's total
    $0 + $369,023 related

  • Le'Ann Callihan

    EXECUTIVE VP & COO

    Total calculated
    $334,796
    From this org
    $0
    From related orgs
    $284,740
    Other
    $50,056
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,740 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $17,192 related
    Nontaxable benefits
    $0 + $32,864 related
    Filer's total
    $0 + $334,796 related

  • Paul Harrison

    CFO START: 05/23

    Total calculated
    $141,388
    From this org
    $0
    From related orgs
    $112,125
    Other
    $29,263
    Hours/week
    2 + 42 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A RELATED ORGANIZATION (AAPL) USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE EXECUTIVE DIRECTOR; FINANCE COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE FINANCE COMMITTEE, EXECUTIVE COMMITTEE, AND BOARD OF DIRECTORS.
Schedule J, Part I, Line 4a Severance or change-of-control payment
Greta Zeimetz Severance equal to 3 months salary ($70,954) and 3 months reimbursement of COBRA payments ($2,872).

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

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NAPE EXPO LP

    TRADE SHOW · TX

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349304648

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