Overview
What is Oklahoma Well Log Library Inc?
Oklahoma Well Log Library Inc, situated in Tulsa, Oklahoma, is a nonprofit organization with a modest workforce of two individuals. Their primary mission is to serve the petroleum industry and interested parties by maintaining a comprehensive library of oil and gas well logs, reports, completion cards, maps, production books, and micro fiche. This library provides valuable resources for professionals in the field, contributing to a deeper understanding of the industry and its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating.
Oklahoma Well Log Library Inc has received a score of 73%, which reflects a Two-Star rating based entirely on its accountability and finance measures. The organization excels in maintaining a fully independent board, with all 10 members being independent, and demonstrates thorough documentation practices for board meeting minutes. Additionally, it boasts a very low liabilities to assets ratio, indicating strong financial stability.
The organization is particularly commendable for its program expense ratio, which is recorded at 100%, signifying that all expenses are directed towards its programs. This efficiency in fund allocation is a notable strength. However, the overall rating suggests that while the organization maintains excellent practices in several areas, there may still be opportunities for improvement in other aspects of its operations or impact metrics that could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma Well Log Library Inc legitimate?
Oklahoma Well Log Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Well Log Library Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,288
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What is the mission statement of Oklahoma Well Log Library Inc?
Oklahoma Well Log Library Inc's mission is centered around serving the petroleum industry and interested parties by providing a comprehensive collection of oil and gas well logs. The organization's primary goal is to maintain a library filled with well logs, reports, completion cards, maps, production books, and micro fiche. This library serves as a valuable resource, offering members access to crucial information essential for their operations. The library's existence serves to support the petroleum industry's needs, contributing to its overall operations and knowledge base.
Who is the CEO of Oklahoma Well Log Library Inc?
Richard Piqune is the President of Oklahoma Well Log Library Inc.
What is the revenue of Oklahoma Well Log Library Inc?
Oklahoma Well Log Library Inc's revenue in 2022 was $164,610.
Who are the executives of Oklahoma Well Log Library Inc and what are their salaries?
The average compensation at Oklahoma Well Log Library Inc during 2022 was $18,144. There are 2 employees at Oklahoma Well Log Library Inc.
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Where can I find the form 990 for Oklahoma Well Log Library Inc?
Oklahoma Well Log Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oklahoma Well Log Library Inc
Oklahoma Well Log Library Inc, a notable organization, is committed to providing a comprehensive library of well logs to the petroleum industry and other interested parties. Their mission is to make available a vast collection of oil and gas well logs, reports, completion cards, maps, production books, and micro fiche. By doing so, they aim to serve as a valuable resource for this sector, facilitating research, analysis, and decision-making. Their role in supplying this essential data contributes significantly to the petroleum industry's operations and understanding of oil and gas resources.
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Impact
October, 2024
Oklahoma Well Log Library Inc significantly enhances the petroleum industry by offering a comprehensive library of well logs and related materials. Their resources include oil and gas well logs, reports, completion cards, maps, production books, and microfiche, all of which are essential for drilling, production analysis, and exploration.
By providing access to this wealth of information in Tulsa, Oklahoma, the organization plays a crucial role in facilitating research and education within the sector. This support enables industry professionals and researchers to make informed decisions, streamline operations, and foster innovation. Moreover, by making these resources available to both industry stakeholders and other interested parties, the library promotes knowledge sharing and collaboration, ultimately contributing to the advancement of the petroleum field.
This information is meant to be a general summary of Oklahoma Well Log Library Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,636
- Program Service Revenue: $160,974
- Gross Receipts: $164,610
Assets and Liabilities:
- Total Assets: $337,197
- Total Liabilities: $6,320
- Net Assets: $330,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$160,974
Organization Details
Founding Year
1960
Phone
(918) 960-0693Principal Officer
Richard Piqune
Main Address
616 South Boston, Tulsa, OK, 74119
NTEE Category
Code: B71Z - Education
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