Nonprofit · EIN 73-1298684
AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION
Tax-exempt · TULSA, OK 74119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,939,683 | $3,542,535 | $1,397,148 | $75,796,669 | $490,653 | $75,306,016 |
| June 30, 2024 | 990 | $7,496,797 | $2,569,316 | $4,927,481 | $71,039,141 | $451,287 | $70,587,854 |
| June 30, 2023 | 990 | $4,467,614 | $2,248,063 | $2,219,551 | $62,354,420 | $411,222 | $61,943,198 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,014,218
- Program service revenue
- $0
- Investment income
- $3,905,428
- Royalties
- $19,248
- Net rental income
- $789
- Net gain from sales of assets
- $726,959
- Other revenue
- $20,037
Expenses
- Grants and similar amounts paid
- $1,858,269
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $55,350
- Occupancy
- $426,725
- Travel
- $101,623
- Depreciation
- $226,018
- Program services (functional)
- $2,253,773
- Management and general (functional)
- $1,104,916
- Fundraising (functional)
- $183,846
Balance sheet and other
- Total assets, start of year
- $71,039,141
- Total assets, end of year
- $75,796,669
- Total liabilities, end of year
- $490,653
- Net assets, end of year
- $75,306,016
- Land, buildings and equipment
- $1,493,956
- Publicly traded securities
- $72,133,360
- Net assets without donor restrictions
- $59,600,906
- Net assets with donor restrictions
- $15,705,110
- Gross unrelated business income
- $15,333
- Gross receipts
- $6,271,481
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1986
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID CURTIS | EXECUTIVE DIRECTOR Officer | 8 | $0 | $429,375 | $60,660 |
| SCOTT CAMERON | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| VALARY SCHULZ | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL WISDA | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| J MICHAEL PARTY | TUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY LUND | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ALAN WEGENER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN NASH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MCGHAY | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| RICK FRITZ | EXECUTIVE DIRECTOR Officer | 20 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID CURTISS | EXECUTIVE DIRECTOR Officer | 8 | $0 | $293,378 | $52,400 |
| JAMES MCGHAY | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT CAMERON | VICE-CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| VALARY SCHULZ | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL WISDA | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| J MICHAEL PARTY | TUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY LUND | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ALAN WEGENER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN NASH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID CURTISS | EXECUTIVE DIRECTOR Officer | 8 | $0 | $261,237 | $51,817 |
| LARRY L JONES | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL WISDA | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| LEE B BACKSEN | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES MCGHAY | CHAIRMAN Trustee or director | 1 | $0 | $0 | $0 |
| VALARY L WEST | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| C SCOTT CAMERON | TRUSTEEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1444 S BOULDER AVE, TULSA, OK 74119-3604
- Principal officer (990 for 2024)
- JAMES MCGHAY, PO BOX 979, TULSA, OK 74101
- Signed the 990
- BRYAN HAWS, CONTROLLER
- Phone
- (918) 584-2555
- Website
- WWW.AAPG.ORG/FOUNDATION
- Return prepared by
- HOGANTAYLOR LLP
Mission
THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE IN THE FIELD OF GEOLOGY.
Program accomplishments
- 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.Expenses $126,847 · grants $120,209
- 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.Expenses $264,138 · grants $239,875
- 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.Expenses $151,028 · grants $141,000
- 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.Expenses $1,399,724 · grants $1,045,150
- 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.Expenses $312,036 · grants $312,036
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1298684
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U30Z)
- Assets (IRS master file)
- $75,796,669
- Income (IRS master file)
- $6,271,481
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,939,683 | $3,542,535 | $75,796,669 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,496,797 | $2,569,316 | $71,039,141 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,467,614 | $2,248,063 | $62,354,420 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $5,505,100 | $2,285,065 | $58,608,489 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1298684).
Questions about AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION
- What is the EIN of AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION?
- The employer identification number (EIN) of AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION is 73-1298684.
- Is AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION?
- The 990 for the year ended June 30, 2025 names JAMES MCGHAY.
- Who are the officers and directors of AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,939,683, expenses of $3,542,535 and total assets of $75,796,669 at year end.
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