2015-08-14T14:38:06-05:00 2014-12-31 731413977 HOGANTAYLOR LLP 2222 S UTICA PL SUITE 200 TULSA OK 741147002 990 2014-01-01 731329755 SEG FOUNDATION SEGF 9184975520 8801 SOUTH YALE AVENUE NO 500 TULSA OK 74137 STEVEN DAVIS CHIEF FINANCIAL OFFICER 9184975500 2015-08-13 1 W LYNDEL LACKEY P00234298 9187452333 2014 2016-03-07 17:11:31Z DORSEY MORROW 8801 SOUTH YALE AVENUE NO 500 TULSA OK 74137 10486189 0 X WWW.SEG.ORG/WEB/FOUNDATION X 1987 OK ADVANCES GEOPHYSICS TODAY AND INSPIRES FUTURE GEOSCIENTISTS THROUGH FUNDING INNOVATIVE ACTIVITIES. 10 10 0 54 0 0 4387051 4003174 0 0 763294 1425404 0 0 5150345 5428578 2211519 2398893 0 0 0 0 0 0 409520 1341580 707659 3553099 3106552 1597246 2322026 24877566 25510023 366782 378296 24510784 25131727 X SEG FOUNDATION ADVANCES GEOPHYSICS TODAY AND INSPIRES GEOSCIENTISTS FOR TOMORROW THROUGH FUNDING INNOVATIVE ACTIVITIES AND GRANT PROGRAMS THAT BENEFIT GEOPHYSICISTS, THEIR PROFESSIONAL COMMUNITY AND THE SOCIETY OF EXPLORATION GEOPHYSICISTS AND THE GENERAL PUBLIC. TO PROVIDE SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT AND YOUTH OUTREACH ACTIVITIES THAT ADVANCE GEOPHYSICS, TRAIN GEOSCIENTISTS AND INTEREST YOUTH IN THE STUDY OF THE GEOSCIENCES. 0 1 616788 577940 MERIT BASED SCHOLARSHIPS ARE AWARDED FROM VARIOUS FOUNDATION FUNDS TO STUDENTS DEMONSTRATING EXCELLENCE IN THEIR PURSUIT OF GEOSCIENCE MAJORS. 778716 758476 STUDENT (YOUTH) OUTREACH THROUGH PROGRAMS SUCH AS THE INTERNATIONAL SCIENCE AND ENGINEERING FAIR (ISEF), GEOSCIENCE SUMMER FIELD CAMPS, UNIVERSITY AND STUDENT PROGRAMS (MEMBERSHIP, REFERENCE LIBRARY, TRAVEL AND EDUCATIONAL OPPORTUNITIES). 1162135 1062477 PROFESSIONAL DEVELOPMENT THROUGH CONFERENCES AND CLASSES FOR THE STUDY OF GEOPHYSICS. INCLUDES THE DEVELOPMENT OF AN INTERNET WEBSITE FOR INFORMATION, PUBLICATIONS AND TRAINING IN THE GEOPHYSICS. 2557639 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 1 0 1 1 1 1 1 1 0 0 0 OK X DANA FALLETTI 9184975520 8801 SOUTH YALE AVENUE SUITE 500 TULSA OK 74137 MICHAEL C FORREST CHAIR 1.00 X 0 0 0 DOMINIQUE ROBERT VICE CHAIRMAN 1.00 X 0 0 0 MIKE LOUDIN TREASURER 1.00 X 0 0 0 STEVEN DAVIS SECRETARY 0.10 39.90 X X 0 254242 23204 HANK HAMILTON DIRECTOR 1.00 X 0 0 0 DR ARTHUR C H CHENG DIRECTOR 1.00 X 0 0 0 DR PETER M DUNCAN DIRECTOR 1.00 X 0 0 0 ROBERT TALLEY DIRECTOR 1.00 X 0 0 0 DR CUNG VU DIRECTOR 1.00 X 0 0 0 MAGNE REIERSGARD DIRECTOR 1.00 X 0 0 0 RICHARD BAILE DIRECTOR- EMERITUS 1.00 X 0 0 0 SALLY GRIFFITHS ZINKE DIRECTOR 1.00 X 0 0 0 FRANK D BROWN PAST TREASURER 1.00 X 0 0 0 JEFF SPRINGMEYER DIRECTOR 1.00 X 0 0 0 DANA FALLETTI CHIEF FINANCIAL OFFICER 3.00 37.00 X 0 145828 11044 PAUL ALLISON EXECUTIVE DIRECTOR 38.70 1.30 X 0 136510 11013 0 536580 45261 0 0 1 0 0 100000 3903174 20623 4003174 367141 367141 6115874 5057611 1058263 1058263 1058263 5428578 0 0 1425404 2281893 2281893 117000 117000 416466 120465 296001 950 500 450 125006 125006 17567 8150 9417 9780 4238 74 5468 28185 7663 20522 25287 8497 16790 59963 6476 125 53362 66 66 39 39 DUES & SUBSCRIPTIONS 6509 2651 3858 BANK CHARGES 3302 32 3270 STAFF RECRUITMENT 591 591 13948 35 13672 241 3106552 2557639 139393 409520 91144 353115 3848266 3868586 6646018 6799487 16588 17438 3106 498 131736 0 131802 131736 12778398 14288453 1362244 50710 24877566 25510023 17201 929 349581 377367 366782 378296 X 3861432 4275982 9412218 9347583 11237134 11508162 24510784 25131727 24877566 25510023 X 2322026 -833583 -867500 X X 0 1 X 1 0 X X X 1 SOC OF EXPL GEO 730555125 501(C)(6) 1 2016098 0 1 2016098 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B PER PAGE 1 OF SCHEDULE A, SOCIETY IS A 501(C)(6). AS STATED ON SCHEDULE O, THE SUPPORTED ORGANIZATION IS THE SOLE MEMBER OF THE SUPPORTING ORGANIZATION. PRACTICALLY, THE EXECUTIVE OFFICER OF BOTH THE SUPPORTED AND SUPPORTING ORGANIZATION IS THE SAME PERSON. AS SUCH, HE HAS ACCESS TO THE SUPPORTED ORGANIZATION'S FORM 990 INCLUDING ITS PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C PER PAGE 1 OF SCHEDULE A, SOCIETY IS A 501(C)(6). AS STATED ON SCHEDULE O, THE SUPPORTED ORGANIZATION IS THE SOLE MEMBER OF THE SUPPORTING ORGANIZATION. PRACTICALLY, THE EXECUTIVE OFFICER OF BOTH THE SUPPORTED AND SUPPORTING ORGANIZATION IS THE SAME PERSON. AS SUCH, HE CAN CONFIRM THAT THE INTERNAL CONTROLS ARE IN PLACE TO ENSURE FOUNDATION SUPPORT IS USED SOLELY FOR CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131736 X X X 0 15275650 265795 517136 698063 89209 15271309 12609407 1063059 2458286 289358 565744 15275650 11326878 183746 1334934 236151 12609407 11544181 637262 -796639 57926 11326878 10853482 533469 378268 221038 11544181 0.18190 0.75360 0.06450 1 0 131736 131736 131736 FOUNDATION PAYABLE TO SEG 377367 377367 4227858 -833585 500365 -867500 -1200720 5428578 0 5428578 3606917 500365 500365 3106552 0 3106552 PART III, LINE 4: THE COLLECTIONS OF ART AND MUSEUM ARTIFACTS ARE INTENDED FOR PUBLIC EXHIBITION FOR PATRONS OF ALL AGES, FUTURE GENERATION PRESERVATION AND LOAN/EXCHANGE PROGRAMS, ALL OFFERING AN OPPORTUNITY TO DEVELOP A BETTER UNDERSTANDING AND APPRECIATION FOR GEOSCIENCE HISTORY. THIS COLLECTION WAS TRANSITIONED FROM MAJORITY ON-SITE DISPLAY TO MAJORITY ON-LOAN DISPLAYS DURING 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES 1 E. ASIA & PACIFIC 0 0 GRANTMAKING GBW GRANT 60000 E. ASIA & PACIFIC 0 0 GRANTMAKING UNSOLICITED GRANT 20000 E. ASIA & PACIFIC 0 0 GRANTMAKING FIELD CAMP 7000 EUROPE 0 0 GRANTMAKING GWB GRANT 10000 AFRICA 0 0 GRANTMAKING FIELD CAMP 20000 0 0 0 0 0 0 117000 0 117000 E. ASIA & PACIFIC GWB GRANT 40000 WIRE E. ASIA & PACIFIC GWB GRANT 20000 WIRE EUROPE GWB GRANT 10000 WIRE E. ASIA & PACIFIC UNSOLICITED GRANT 20000 WIRE E. ASIA & PACIFIC FIELD CAMP 7000 WIRE AFRICA FIELD CAMP 20000 WIRE 6 0 0 0 0 0 0 PART I, LINE 2: FIELD CAMPS AND GRANTS ARE PAID DIRECTLY TO THE FOREIGN UNIVERSITIES. 1 MICHIGAN TECH 1400 TOWNSEND DRIVE HOUGHTON MI 49931 386005955 501(C)(3) 40000 GWB GRANT UNIVERISTY OF HOUSTON 5000 GULD FWY BLD 1 RM HOUSTON TX 77204 746001399 501(C)(3) 49300 GWB GRANT BOISE UNIVERSITY 1910 UNIVERSITY DRIVE BOISE ID 83725 820290701 501(C)(3) 46039 GWB GRANT UNIVERISITY OF KENTUCKY 109 KINKEAD HALL LEXINGTON KY 40506 616033693 501(C)(3) 22000 GWB GRANT UNIVERSITY OF MISSOURI KC 5100 ROCKHILL RD KANSAS CITY MO 64110 436003859 501(C)(3) 40000 FIELD CAMP UNIVERSITY OF TEXAS AT AUSTIN 1001 BURNETT ROAD BLDG 196 AUSTIN TX 78758 746000203 501(C)(3) 25066 FIELD CAMP COLORADO SCHOOL OF MINES 1500 ILLINOIS STREET GOLDEN CO 80401 840509064 501(C)(3) 15000 FIELD CAMP PURDUE UNIVERSITY 401 S GRANT ST WEST LAFAYETTE IN 47907 356002041 501(C)(3) 18285 FIELD CAMP SOCIETY OF EXPLORATION GEOPHYSICIST 8801 SOUTH YALE TULSA OK 74137 730555125 501(C)(6) 2016098 MONETARY SUPPORT TO PROVIDE SCHOLARSHIPS, PROFESSIONAL DEVELOPMENT AND STUDENT PROGRAMS. 8 0 PART I, LINE 2 GRANTS FOR PROJECTS OF MERIT AND FIELD CAMPS REQUIRE INVOICES FROM THE INSTITUTIONS PROVIDING THE SERVICES TO GRANT RECIPIENTS. 0 0 0 0 0 0 0 0 0 STEVEN DAVIS SECRETARY 0 254242 0 0 0 0 0 23204 0 0 0 277446 0 0 DANA FALLETTI CHIEF FINANCIAL OFFICER 0 145828 0 0 0 0 0 11044 0 0 0 156872 0 0 FORM 990, PART III, LINE 3 THE ADMINISTRATION OF SCHOLARSHIPS, FIELD CAMPS, TRAVEL GRANTS, AND GEOSCIENTIST WITHOUT BORDERS WAS TRANSFERRED TO SOCIETY OF EXPLORATION GEOPHYSICISTS ON JULY 1, 2014. FORM 990, PART VI, SECTION A, LINE 6 SECTION 3.1 OF THE BYLAWS STATE THAT, "THE SOLE MEMBER OF THE FOUNDATION SHALL BE THE SOCIETY OF EXPLORATION GEOPHYSICISTS, AN OKLAHOMA NOT FOR PROFIT CORPORATION (THE "SOCIETY"). THE SOCIETY SHALL BE REPRESENTED IN ALL MATTERS RELATING TO THE FOUNDATION BY THE PRESIDENT OF THE SOCIETY OR, IF THE PRESIDENT IS NOT AVAILABLE, A PERSON DESIGNATED BY THE EXECUTIVE COMMITTEE OF THE SOCIETY." FORM 990, PART VI, SECTION A, LINE 7A SECTION 4.1 OF THE BYLAWS STATE THAT, "UPON THE EXPIRATION OF THE TERM OF EACH MEMBER OF THE BOARD OF DIRECTORS, THE PRESIDENT OF THE SOCIETY SHALL APPOINT THE DIRECTORS OF THE FOUNDATION FOR A TERM OF THREE (3) CALENDAR YEARS FROM A LIST OF THREE (3) CANDIDATES RECOMMENDED BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE SOCIETY'S EXECUTIVE COMMITTEE. ANY DIRECTOR OR FORMER DIRECTOR MAY BE REAPPOINTED BY THE PRESIDENT OF THE SOCIETY FOR ANY NUMBER OF CONSECUTIVE TERMS." FORM 990, PART VI, SECTION B, LINE 11 THE ACCOUNTING STAFF WORKING WITH THE AUDITOR PROVIDE AND REVIEW THE FORM 990 DATA AND INFORMATION. THE CHIEF FINANCIAL OFFICER REVIEWS AND APPROVES THE DRAFT 990, THEN PRESENTS IT TO THE AUDIT COMMITTEE FOR REVIEW. FOLLOWING THEIR REVIEW, THE AUDIT COMMITTEE PROVIDES A COPY OF THE DRAFT 990 TO THE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ISSUES A WRITTEN CONFLICT OF INTEREST POLICY TO EACH MEMBER ANNUALLY. THE MEMBER SIGNS A STATEMENT HE OR SHE HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS AND AGREES TO THE POLICY, AND UNDERSTANDS THE ACTIVITIES IN WHICH THE FOUNDATION MUST ENGAGE TO MAINTAIN THE ENTITY'S TAX-EXEMPT STATUS. DUE TO THE VOLUNTEER NATURE OF THE FOUNDATION'S GOVERNING BODY, ALL MUST DISCLOSE POTENTIAL CONFLICTS AND THE NATURE OF THE MEMBER'S INTEREST IN POTENTIAL TRANSACTIONS. THE IDENTIFIED CONFLICTS ARE CIRCULATED AMONGST THE BOARD OF DIRECTORS AND STATEMENTS FILED WITH THE EXECUTIVE DIRECTOR. MEMBERS OF THE GOVERNING BODY THAT ARE DETERMINED TO HAVE A CONFLICT OF INTEREST ARE EXCUSED FROM THE DISCUSSION AND PARTICIPATION OF MANAGING THOSE TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION POSTS ITS ANNUAL AUDITED FINANCIAL STATEMENTS, BYLAWS AND LISTS OF MEMBERS OF THE BOARD OF DIRECTORS AND VARIOUS COMMITTEES ON ITS WEBSITE FOR PUBLIC ACCESS. PART VI SECTION A LINE 9 STEVEN DAVIS 3104 WILD MOUNTAIN ROAD TULSA, OK 74127 FORM 990, PART XI, LINE 9: LOSSES ON UNCOLLECTIBLE PLEDGES -867,500. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SOCIETY OF EXPLORATION GEOPHYSICISTS 8801 SOUTH YALE TULSA OK 74137 730555125 GEOPHYSICS OK 501(C)(6) N/A 0 0 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 SOCIETY OF EXPLORATION GEOPHYSICISTS B 2016098 PROGRAM GRANTS BASED ON ACTUAL SOCIETY OF EXPLORATION GEOPHYSICISTS M 500365 EFFORT & EXPENSE BASED ON ACTUAL SOCIETY OF EXPLORATION GEOPHYSICISTS P 316523 FUNDRAISING EFFORT/EXP ACTUAL SOCIETY OF EXPLORATION GEOPHYSICISTS P 128128 PROGRAM ADMIN BASED ON ACTUAL SOCIETY OF EXPLORATION GEOPHYSICISTS C 100000 PROGRAM ADMIN BASED ON ACTUAL