Overview
What is American Association Of Petroleum Geologists Foundation?
The American Association of Petroleum Geologists Foundation is a nonprofit organization based in Tulsa, Oklahoma. Its primary mission is to promote and disseminate scientific knowledge in the field of geology. To achieve this goal, the foundation supports various programs and projects, such as the GeoLegends video project, Geoscientists Without Borders, Distinguished Lecturer activities, Pioneering Women Geoscientist Project, GeoForce, and a Digital Immersive Geology Project. The L. Austin Weeks Memorial Fund, specifically, is utilized to fund these initiatives as determined by the foundation's trustees. The foundation's activities strive to advance the science of petroleum geology, contributing significantly to this field.
Official website here: www.aapg.org
What are the reviews and ratings of this charity?
The American Association Of Petroleum Geologists Foundation has received a Three-Star out of Four Star rating from Charity Navigator with an overall score of 89%. This rating is significant as it reflects strong accountability and financial practices, earning a high score of 90% in this category. The organization showcases exceptional governance with a fully independent board and robust oversight mechanisms.
Notably, the foundation has demonstrated effective financial management, with a low liabilities-to-assets ratio of 0.65% and a solid program expense ratio of 63.67%. This indicates that a good portion of its funds are directed towards its programs, aligning with the foundation's mission. The commitment to transparency is further evidenced by the presence of key policies, including conflict of interest and whistleblower protections.
On the leadership front, the organization has excelled with a perfect score in leadership and adaptability, reflecting a clear strategic vision and responsive management. While the program expense ratio could be improved further, the foundation's overall strengths in governance and finance position it as a reliable entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is American Association Of Petroleum Geologists Foundation legitimate?
American Association Of Petroleum Geologists Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Association Of Petroleum Geologists Foundation 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: $0
For more financial information, click here
Official website here: www.aapg.org
What is the mission statement of American Association Of Petroleum Geologists Foundation?
The American Association of Petroleum Geologists Foundation's mission is centered around the dissemination of scientific knowledge in the field of geology. The organization uses funds such as the L. Austin Weeks Memorial Fund to support programs and projects that advance the science of petroleum geology. During the year, this fund supports various initiatives, including the Geolegends video project, Geoscientists Without Borders, supplemental grant for distinguished lecturer activities, Pioneering Women Geoscientist Project, GeForce, and a digital immersive geology project.
Official website here: www.aapg.org
What is the revenue of American Association Of Petroleum Geologists Foundation?
American Association Of Petroleum Geologists Foundation's revenue in 2024 was $7,496,797.
Official website here: www.aapg.org
Who are the executives of American Association Of Petroleum Geologists Foundation and what are their salaries?
There 39 volunteers at American Association Of Petroleum Geologists Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $293,378
- Other: $52,400
Official website here: www.aapg.org
Where can I find the form 990 for American Association Of Petroleum Geologists Foundation?
American Association Of Petroleum Geologists Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.aapg.org
Learn more at the official website: www.aapg.org
Mission Statement of American Association Of Petroleum Geologists Foundation
The American Association of Petroleum Geologists Foundation is committed to disseminating scientific knowledge in the field of geology. This mission is achieved through various programs and projects that the organization supports, as determined by its trustees. The L. Austin Weeks Memorial Fund, a significant component of their efforts, is utilized to advance the science of petroleum geology. During the year, this fund supports several initiatives, including the Geolegends Video Project, Geoscientists Without Borders, supplemental grant to Distinguished Lecturer activities, the Pioneering Women Geoscientist Project, GeForce, and a Digital Immersive Geology Project. These initiatives aim to promote and expand the understanding of geology, contributing to the progress of the field.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The American Association Of Petroleum Geologists Foundation has a significant impact on the field of geology by supporting programs and projects that advance the science of petroleum geology. Through the L. Austin Weeks Memorial Fund, the foundation trustees determine activities such as the GeoLegends video project, Geoscientists Without Borders, supplemental grants to distinguished lecturer activities, pioneering women geoscientist project, Geoforce, and a digital immersive geology project. These initiatives contribute to the dissemination of scientific knowledge and promote research in the field of geology, specifically focusing on petroleum geology.
This information is meant to be a general summary of American Association Of Petroleum Geologists Foundation. 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 2024.
- Investment Income: $2,374,735
- Gross Receipts: $8,830,642
Assets and Liabilities:
- Total Assets: $58,608,489
- Total Liabilities: $357,440
- Net Assets: $58,251,049
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Principal Officer
James Mcghay
Website
www.aapg.orgNTEE Category
Code: U30Z - Science research
If you are a representative of American Association Of Petroleum Geologists Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.