Overview
What is Society Of Petrophysicists & Well Log Analyst Foundation?
The Society of Petrophysicists & Well Log Analyst Foundation, located in Houston, Texas, is a nonprofit organization dedicated to supporting students engaged in the field of formation evaluation. They achieve this mission by awarding scholarships and grants to schools, foundations, and colleges that focus on this scientific discipline. By providing financial assistance, the foundation encourages and fosters the continued study and advancement of formation evaluation, contributing to the growth and progress of this important field.
Official website here: www.spwla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Society Of Petrophysicists & Well Log Analyst Foundation has achieved a 76% rating, which qualifies it for a Three-Star designation. This rating reflects a strong emphasis on accountability and finance, with the organization excelling in areas such as having a fully independent board and no material diversion of assets.
The foundation scored exceptionally well in its program expense ratio, indicating that a substantial portion of its resources is dedicated to fulfilling its mission, with 98.56% allocated to programs. However, some critical policies are missing, including a conflict of interest policy and whistleblower policy, which could affect transparency and governance.
In summary, while the organization demonstrates solid financial health and accountability with a focus on its mission, it could improve by implementing essential governance policies to enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Petrophysicists & Well Log Analyst Foundation legitimate?
Society Of Petrophysicists & Well Log Analyst Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Petrophysicists & Well Log Analyst 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
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Official website here: www.spwla.org
What is the mission statement of Society Of Petrophysicists & Well Log Analyst Foundation?
The Society of Petrophysicists & Well Log Analyst Foundation's mission is centered around providing financial aid in the form of scholarships and grants. This support is extended to students studying at various educational institutions, including schools, foundations, and colleges, who are engaged in the field of formation evaluation, a science crucial to the petroleum industry. The foundation's primary objective is to encourage and foster the advancement of knowledge in this specific domain. By providing financial assistance, the foundation aims to empower and motivate these students, contributing to the growth and development of the field.
Official website here: www.spwla.org
Who is the CEO of Society Of Petrophysicists & Well Log Analyst Foundation?
Brett Wendt is the Member of Society Of Petrophysicists & Well Log Analyst Foundation.
Official website here: www.spwla.org
What is the revenue of Society Of Petrophysicists & Well Log Analyst Foundation?
Society Of Petrophysicists & Well Log Analyst Foundation's revenue in 2022 was $63,234.
Official website here: www.spwla.org
Who are the executives of Society Of Petrophysicists & Well Log Analyst Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.spwla.org
Where can I find the form 990 for Society Of Petrophysicists & Well Log Analyst Foundation?
Society Of Petrophysicists & Well Log Analyst Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spwla.org
Learn more at the official website: www.spwla.org
Mission Statement of Society Of Petrophysicists & Well Log Analyst Foundation
The Society of Petrophysicists & Well Log Analyst Foundation is dedicated to supporting students pursuing higher education in the field of formation evaluation. This nonprofit organization accomplishes its mission by providing scholarships and grants to institutions, foundations, and colleges that focus on this particular science. By doing so, the Society of Petrophysicists & Well Log Analyst Foundation plays a significant role in fostering the growth and development of future professionals in this specialized field. Through the provision of financial aid, the organization enables students to concentrate on their studies without the burden of excessive financial constraints, thereby enabling them to excel in their chosen field.
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Impact
October, 2024
The Society Of Petrophysicists & Well Log Analyst Foundation significantly influences the field of formation evaluation by providing scholarships and grants to students studying this critical area of science. By supporting educational initiatives at schools, foundations, and colleges, the foundation plays a vital role in fostering the next generation of professionals in petrophysics and well log analysis. This commitment not only enhances individual careers but also contributes to the advancement of industry knowledge and innovation.
Through its funding, the foundation helps to alleviate financial barriers for aspiring students, enabling them to pursue their studies and research more effectively. The scholarships and grants awarded promote academic excellence and encourage a deeper understanding of formation evaluation techniques, which are essential for resource exploration and management. Ultimately, the foundation's efforts ensure that talented individuals have the opportunity to thrive in this field, thereby strengthening the scientific community and the broader energy sector.
This information is meant to be a general summary of Society Of Petrophysicists & Well Log Analyst 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 2022.
- Investment Income: $62,634
- Gross Receipts: $1,348,544
Assets and Liabilities:
- Total Assets: $1,897,855
- Total Liabilities: $0
- Net Assets: $1,897,855
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Organization Details
Founding Year
1985
Phone
(713) 572-0673Principal Officer
Brett Wendt
Main Address
8868 GULF FREEWAY SUITE 320, HOUSTON, TX, 77017
Website
www.spwla.orgNTEE Category
Code: B03 - Education
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