Form 990 for tax year 2024
Filed by AAPL EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $267,233
- Total expenses
- $292,171
- Contributions and grants received
- $6,310
- Grants paid
- $230,998
- Program service revenue
- $0
- Investment income
- $260,287
- Other revenue
- $636
- Total assets, end of year
- $5,602,967
- Total liabilities, end of year
- $54,744
- Net assets or fund balances, end of year
- $5,548,223
- Program services expenses (Part IX)
- $230,998
- Management and general expenses
- $61,173
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $230,998
Program services were 79.1% 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
$6,310
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $110,158 · excluded $110,158
-
5 · Royalties
total $636 · excluded $636
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $792,742
-
7b · Less cost or other basis and sales expenses
securities $642,613
-
7c · Gain or loss
securities $150,129 · other assets $0
-
7d · Net gain or loss
total $150,129 · excluded $150,129
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$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 $230,998 · program services $230,998
-
4 · Benefits paid to or for members
total $0 · program services $0
-
11c · Fees: accounting
total $11,902 · management and general $11,902
-
11f · Fees: investment management
total $24,902 · management and general $24,902
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $650 · management and general $650
-
13 · Office expenses
total $3,263 · management and general $3,263
-
14 · Information technology
total -$60 · management and general -$60
-
16 · Occupancy
total $54 · management and general $54
-
24a · Other expenses: SEVERANCE TAX
total $112 · management and general $112
-
24b · Other expenses: ADMINISTRATIVE MANAGEMENT FEE
total $20,350 · management and general $20,350
-
24e · All other expenses
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 $168,385 · end of year $191,941
-
2 · Savings and temporary cash investments
beginning of year $19,514 · end of year $0
-
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 $5,240,192 · end of year $5,411,026
-
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 $17,711 · end of year $16,095
-
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 $14,843 · end of year $38,649
-
27 · Net assets without donor restrictions
beginning of year $5,375,152 · end of year $5,548,223
-
28 · Net assets with donor restrictions
beginning of year $20,385 · end of year $0
-
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 · 2024
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 - $118,913 Grants to further the advancement of education - $78,970 Grants for instructing the public on subjects useful to individuals - $30,615 Grants for disaster relief - $2,500
Expenses $230,998 · Grants $230,998
As filed on the 2024 return.
Listed in Part VII
-
Amy L Gwyn CPL
TREASURER END: 06/25
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
MICHAEL A PISCIOTTE CPL
CHAIRMAN EMERITUS (End: 06/25)
- Total calculated
- $0
- Hours/week
- 1
-
R DIRK VANDERPLOEGG II
IMMEDIATE PAST 3RD VICE PRESIDENT (End: 06/25)
- Total calculated
- $0
- Hours/week
- 1
-
William E Hackett CPL
3RD VICE PRESIDENT (End: 06/25)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
BLAINE E GAMBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jess A Rowe CPL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucy Wathen CPL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
TAYLOR THORESON CPL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Travis W Beavers CPL
Director
- Total calculated
- $0
- Hours/week
- 1
-
WENDY G DALTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LE'ANN CALLIHAN
EXECUTIVE VP & COO
- Total calculated
- $393,988
- From this org
- $0
- From related orgs
- $350,413
- Other
- $43,575
- Hours/week
- 2 + 43 related
Schedule J breakdown matched by us
- Base
- $0 + $270,251 related
- Bonus
- $0 + $80,162 related
- Other
- $0
- Deferred
- $0 + $12,665 related
- Nontaxable benefits
- $0 + $30,910 related
- Filer's total
- $0 + $393,988 related
-
PAUL HARRISON
CFO
- Total calculated
- $232,732
- From this org
- $0
- From related orgs
- $204,153
- Other
- $28,579
- Hours/week
- 2 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $182,197 related
- Bonus
- $0 + $21,956 related
- Other
- $0
- Deferred
- $0 + $8,272 related
- Nontaxable benefits
- $0 + $20,307 related
- Filer's total
- $0 + $232,732 related
-
GRETA ZEIMETZ
Former Officer
- Total calculated
- $132,041
- From this org
- $0
- From related orgs
- $124,244
- Other
- $7,797
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $53,290 related
- Bonus
- $0
- Other
- $0 + $70,954 related
- Deferred
- $0 + $4,970 related
- Nontaxable benefits
- $0 + $2,827 related
- Filer's total
- $0 + $132,041 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: $70,954 GRETA'S SEVERANCE WAS PAID IN MARCH 2024.
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
-
PROMOTING EDUCATION, INSTRUCTION AND TRAINING FOR MEMBERS TO IMPROVE OR DEVELOP THEIR CAPABILITIES
-
$40,000
Further the advancement of education
-
INSTRUCT THE PUBLIC ON SUBJECTS USEFUL TO INDIVIDUALS AND BENEFICIAL TO THE COMMUNITY
-
General Support
-
$13,600
PROMOTING EDUCATION, INSTRUCTION AND TRAINING FOR MEMBERS TO IMPROVE OR DEVELOP THEIR CAPABILITIES
-
Further the advancement of education
-
$8,605
Further the advancement of education
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.
-
AMERICAN ASSOCIATION OF PROFESSIONAL LANDMEN INC
501(c)(6) · LAND PROFESSIONALS · TX
Directly controlled by NA
-
501(c)(3) · SCHOLARSHIPS · TX
Directly controlled by AAPL
-
501(c)(3) · GRANTS · TX
Directly controlled by AAPL
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.
-
TRADE SHOW · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 May 2026
- IRS schema version
- 2024v5.1
- Source object
- 202611349349306966
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