2024-05-15T07:22:37-05:00 2023-06-30 731413977 HOGANTAYLOR LLP 2222 SOUTH UTICA PL SUITE 200 TULSA OK 74114 990 2022-07-01 731298684 AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION AMER 9185842555 PO BOX 979 TULSA OK 74101 DAVID CURTISS EXECUTIVE DIRECTOR 9185842555 2024-05-15 1 DAVID CURTISS 999009999 0 ASHLEY M FOGLE P01258800 9187452333 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES MCGHAY PO BOX 979 TULSA OK 74101 5929471 0 X WWW.AAPG.ORG/FOUNDATION X 1986 OK THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE IN THE FIELD OF GEOLOGY. 6 6 0 36 117233 0 658343 1190098 0 0 5207587 3706355 -360830 -428839 5505100 4467614 1047932 869491 0 0 0 0 0 0 67703 1237133 1378572 2285065 2248063 3220035 2219551 58608489 62354420 357440 411222 58251049 61943198 X THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE IN THE FIELD OF GEOLOGY. 0 0 146732 107500 THE L. AUSTIN WEEKS MEMORIAL FUND IS UTILIZED TO SUPPORT PROGRAMS AND PROJECTS AS DETERMINED BY THE FOUNDATION TRUSTEES WHICH ADVANCE THE SCIENCE OF PETROLEUM GEOLOGY. DURING THE YEAR, THIS FUND SUPPORTS THE GEOLEGENDS VIDEO PROJECT, GEOSCIENTISTS WITHOUT BORDERS, SUPPLEMENTAL GRANT TO DISTINGUISHED LECTURER ACTIVITIES, PIONEERING WOMEN GEOSCIENTIST PROJECT, AS WELL AS GEOFORCE AND A DIGITAL IMMERSIVE GEOLOGY PROJECT. 273194 255625 THE STUDENT SCHOLARSHIP PROGRAM INCLUDES GRANTS-IN-AID PROVIDING FINANCIAL ASSISTANCE TO GRADUATE STUDENTS (CURRENTLY ENROLLED IN MASTERS OR PH.D. PROGRAMS) WHOSE THESIS RESEARCH HAS APPLICATION TO THE SEARCH FOR AND DEVELOPMENT OF PETROLEUM AND ENERGY-MINERAL RESOURCES AND/OR RELATED TO ENVIRONMENTAL GEOLOGY ISSUES. ADDITIONALLY, THE STUDENT SCHOLARSHIP PROGRAM SUPPORTS EDUCATIONAL EXPENSES OF UNDERGRADUATE GEOSCIENCE STUDENTS AND THE DEPARTMENTS OF THEIR SCHOOL OR UNIVERSITY THROUGH THE L. AUSTIN WEEKS UNDERGRADUATE PROGRAM. 148616 141000 THE BULLETIN IS THE FLAGSHIP TECHNICAL JOURNAL OF THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS. AAPG FOUNDATION PROVIDES FUNDING TO HELP SUPPORT PUBLISHING THE MONTHLY ISSUES OF THE BULLETIN. 681580 317759 THE AAPG FOUNDATION SUPPORTS A DIVERSE GROUP OF OTHER PROGRAMS INCLUDING SCHOLARSHIPS FOR MILITARY VETERANS TO PURSUE AN UNDERGRADUATE DEGREE IN GEOLOGY, SUPPORT FOR THE BOY AND GIRL SCOUTS OF AMERICA INCLUDING THE BOY SCOUT JAMBOREE AND MERIT BADGE PROGRAM, AWARD RECOGNITION FOR OUTSTANDING GEOSCIENTISTS, AND SUBSCRIPTIONS FOR CERTAIN UNIVERSITIES TO HAVE ELECTRONIC ACCESS TO THE DATAPAGES DIGITAL ARCHIVES. 47607 47607 THE DISTINGUISHED LECTURE PROGRAM REACHES AFFILIATED SOCIETIES AND UNIVERSITIES AROUND THE WORLD. THE PROGRAM ASSISTS WITH THE EXPENSES INVOLVED WITH PROVIDING DISTINGUISHED GEOSCIENCE LECTURES TO SPEAK BEFORE GEOLOGICAL SOCIETIES AND UNIVERSITY GROUPS. 729187 365366 1297729 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 5 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X DAVID CURTISS 9185842555 1444 S BOULDER AVENUE TULSA OK 74119 LARRY L JONES VICE CHAIRMAN 1.00 X 0 0 0 MICHAEL WISDA SECRETARY 1.00 X 0 0 0 LEE B BACKSEN TREASURER 1.00 X 0 0 0 JAMES MCGHAY CHAIRMAN 1.00 X 0 0 0 VALARY L WEST TRUSTEE 1.00 X 0 0 0 C SCOTT CAMERON TRUSTEEE 1.00 X 0 0 0 DAVID CURTISS EXECUTIVE DIRECTOR 8.00 32.00 X 0 261237 51817 0 261237 51817 0 0 1 0 0 1190098 149947 1190098 2310711 2310711 52925 52925 366903 510334 -143431 -143431 -143431 2347167 951523 1395644 1395644 1395644 OTHER INVESTMENT INCOME 901101 -338333 117233 -455566 -338333 4467614 0 117233 3160283 626191 626191 33050 33050 210250 210250 200362 30087 165498 4777 54000 54000 104954 104954 86818 72170 14648 29363 288 29075 19041 3053 15988 2465 2465 248344 248344 231832 231832 213820 213820 30593 30593 OVERHEAD COSTS 102874 19097 80584 3193 BANK FEES 13051 988 12063 PRINTING 165 165 POSTAGE AND SHIPPING 63 41 22 40827 40827 2248063 1297729 882631 67703 48364 101954 3437159 1054237 28311 18647 50272 11113 9123768 7169722 2378874 1954046 46896160 55319490 5439857 3620305 329492 274628 58608489 62354420 53643 57232 303797 353990 357440 411222 X 45932947 49390179 12318102 12553019 58251049 61943198 58608489 62354420 2219551 1472598 0 X 0 1 X 1 0 X 551767 482462 2454870 658343 1190098 5337540 551767 482462 2454870 658343 1190098 5337540 2202536 3135004 2560376 1892608 2010540 2972691 2730539 12166754 17504294 0.17910 0.21750 X PART II, LINE 17A - 10 % FACTS AND CIRCUMSTANCES TEST - 2023 AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM CONTRIBUTIONS FROM THE GENERAL PUBLIC. OVER 10% OF ITS SUPPORT IS FROM THE GENERAL PUBLIC, AND IT ENGAGES IN CONTINUOUS BONA FIDE EFFORTS TO OBTAIN SUPPORT FROM INDIVIDUALS, BUSINESSES, AND GOVERNMENT AGENCIES WITH AN INTEREST IN THE ORGANIZATION'S MISSION AND PROGRAMS. FURTHER, THE ORGANIZATION FOCUSES ON THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE IN THE FIELD OF GEOLOGY. AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION MEETS THE "FACTS AND CIRCUMSTANCES" TEST FOR A PUBLICLY SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11592749 265025 61113 139732 11779155 11756050 62270 -80089 145482 11592749 11521328 97874 327593 190745 11756050 11390324 211817 38795 119608 11521328 11225233 232582 51113 118604 11390324 0.00000 0.96760 0.03240 0 0 769346 769346 8010385 6825685 1184700 344037 344037 0 1954046 PARTNERSHIPS & ALTERNATIVE INVESTMENTS 3620305 F 3620305 DUE TO AAPG 353990 353990 5835258 1472598 1472598 4362660 104954 104954 4467614 2143110 0 2143110 104953 104953 2248063 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 20 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE FOUNDATION HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) FOR OKLAHOMA AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, AND (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT. EARNINGS ON THE PERMANENT ENDOWMENT ARE CLASSIFIED AS TEMPORARILY RESTRICTED UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES EDUC PROGRAMS 104000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES EDUC PROGRAMS 20250 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES EDUC PROGRAMS 18500 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES EDUC PROGRAMS 11750 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES EDUC PROGRAMS 3000 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES EDUC PROGRAMS 3000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES EDUC PROGRAMS 16000 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES EDUC PROGRAMS 49250 0 0 0 0 0 0 225750 0 225750 EUROPE (INCLUDING ICELAND & GREENLAND) LANGUAGE ONLINE EDUCATION 9000 WIRE TRANSFER 0 FMV 1 GRANTS IN AID EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 101 101000 WIRE TRANSFERS GRANTS IN AID EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 12 9750 WIRE TRANSFERS GRANTS IN AID MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 3000 WIRE TRANSFERS GRANTS IN AID NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 9 11750 WIRE TRANSFERS GRANTS IN AID RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 2 3000 WIRE TRANSFERS GRANTS IN AID SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 17 16000 WIRE TRANSFERS GRANTS IN AID SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 66 44750 WIRE TRANSFERS GRANTS IN AID SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 9 12000 WIRE TRANSFERS 0 0 0 0 0 0 PART I, LINE 2: GRANT PROPOSALS ARE REVIEWED BY THE BOARD OF TRUSTEES. PROPOSALS APPROVED ARE IN THE MINUTES OF THE BOARD OF TRUSTEES, PUBLISHED ON THE WEBSITE AND IN THE AAPG EXPLORER MAGAZINE. PART III ACCOUNTING METHOD: 1 AMERICAN GEO INSTITUTE 4220 KING STREET ALEXANDRIA VA 22302 520786946 501(C)(3) 25000 0 EARTH SCIENCE WEEK YMCA OF GREATER HOUSTON PO BOX 3007 HOUSTON TX 77253 741109737 501(C)(3) 35000 0 PUBLIC SERVICE AWARD SOCIETY OF EXPLORATION GEOPHYSICISTS FOUNDATION 125 W 15TH ST STE 100 TULSA OK 741193801 731329755 501(C)(3) 65000 0 GEOSCIENTISTS WITHOUT BORDERS 2022 & SOCIETY OF PETROLEUM ENGINEERS 222 PALISADES CREEK DR RICHARDSON TX 75080 752001539 501(C)(3) 5000 0 GRANT 2023- L. AUSTIN WEEKS FUND UNIVERSITY OF TEXAS FOUNDATION 9011 MOUNTAIN RIDGE DR STE 150 AUSTIN TX 78759 741587488 501(C)(3) 15000 0 GRANT 2023- L. AUSTIN WEEKS FUND AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS 1444 SOUTH BOULDER AVENUE TULSA OK 74119 730125920 501(C)(6) 141000 0 SUPPORT OF AAPG BULLETIN AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS 1444 SOUTH BOULDER AVENUE TULSA OK 74119 730125920 501(C)(6) 35000 0 SUPPORT OF THE VISITING GEOSCIENTIST PROGRAM AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS 1444 SOUTH BOULDER AVENUE TULSA OK 74119 730125920 501(C)(6) 47607 0 SUPPORT OF THE DISTINGUISHED LECTURER PROGRAM FRIENDS OF DINOSAUR RIDGE 16831 W ALAMEDA PKWY MORRISON CO 80465 841146279 501(C)(3) 20000 0 GRANT FOR INTERPRETIVE SIGNS 6 1 IGEA RECIPIENT-PROFESSIONAL AWARD 1 6000 BSA 2023 GEOLOGY MERIT BADGE 1 27050 PART I, LINE 2: THE AAPG ADVISORY COUNCIL HAS ESTABLISHED WRITTEN GUIDELINES AND PROCEDURES FOR SELECTING THE RECIPIENTS OF HONORS AND AWARDS. THE FOUNDATION BOARD OF TRUSTEES GRANT FUNDS FOR VARIOUS PROGRAMS INCLUDING UNIVERSITIES, STUDENT GROUPS, OTHER RELATED GEOLOGICAL SOCIETIES AND ACTIVITIES BASED ON PROPOSALS WHICH INCLUDE INFORMATION ON THE PROGRAM, THE PURPOSE AND USE OF FUNDS. 1 0 0 0 0 0 0 0 0 0 DAVID CURTISS EXECUTIVE DIRECTOR 0 226237 0 35000 0 0 0 15674 0 36143 0 313054 0 0 X 3 149947 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS FORM 990 AFTER WHICH IT IS MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES FOR ITS REVIEW AND COMMENTS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS COMPLETED BY EACH TRUSTEE AT THE BEGINNING OF THEIR TERM IN OFFICE. THE FORM IS DESIGNED TO IDENTIFY ANY SPECIFIC CONFLICT OF INTEREST WHICH THE TRUSTEE MAY HAVE IN SERVING ON THE BOARD OF TRUSTEES OF THE ORGANIZATION. ALL EMPLOYEES ARE BOUND BY CONFLICT OF INTEREST POLICIES FOUND IN THE POLICIES AND WORK RULES MANUAL. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND ESTABLISHED BY THE EXECUTIVE COMMITTEE WITH CONSULTATION WITH THE TRUSTEES. BACKGROUND INFORMATION FROM NATIONAL AND REGIONAL SALARY SURVEYS ARE PROVIDED TO THE COMMITTEE TO ASSIST THEM IN THEIR REVIEW. THE PROCESS UTILIZED TO DETERMINE THE SALARIES OF KEY STAFF IS SIMILAR TO THE PROCESS USED FOR THE EXECUTIVE DIRECTOR AS BOTH NATIONAL AND LOCAL SALARY STUDIES ARE USED. LOCAL SALARY INFORMATION IS RECEIVED FROM A HUMAN RESOURCES CONSULTANT. THE EXECUTIVE COMMITTEE DOES NOT GENERALLY APPROVE THE SALARIES OF KEY STAFF, BUT THE COMMITTEE IS PROVIDED THE INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONSTITUTION AND BY LAWS ARE PROVIDED ON THE ORGANIZATION'S WEBSITE. THE FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN AN ISSUE OF THE BULLETIN. THE CONFLICT OF INTEREST POLICY IS PUBLISHED IN THE TRUSTEES HANDBOOK, WHICH IS NOT A PUBLICATION AVAILABLE TO THE GENERAL PUBLIC. THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS 1444 S BOULDER AVENUE TULSA OK 74101 730125920 A SCIENTIFIC ORGANIZATION DEDICATED TO THE ADVANCEMENT OF PETROLEUM GEOLOGY CO 501C(6) 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS B 223607 JOINT PROGRAM THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS M 387112 PERFORMANCE OF SERVICES/MEMB. THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS N 594909 % OF VALUE OF SPACE THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS O 251149 EMPLOYEE TIME THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS P 221229 ACTUAL OVERHEAD REIMBURSEMENT