OKLAHOMA CITY GEOLOGICAL FOUNDATION

EIN: 731439474 501(c)(3) Education

EDMOND, OK

Total Revenue
$241,502
Total Expenses
$242,648
Total Assets
$2,974,781
Net Assets
$2,974,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OK
Principal Officer
THOMAS C CRONIN
Phone
4054759010
Tax Period
2023-01-01 to 2023-12-31

OKLAHOMA CITY GEOLOGICAL FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2023. Net assets of $3.0M represent 148 months of operating reserves.

Mission

TO IMPLEMENT A MODEL OF "EXCELLENCE IN EARTH SCIENCE EDUCATION". THIS MODEL IS DESIGNED TO CHALLENGE STUDENTS AND TEACHERS TO MAKE EARTH SCIENCE EDUCATION A PRIORITY AND IS DIVIDED INTO THE FOLLOWING DIRECTIVES:1) FINANCIALLY SUPPORT STUDENTS WHO ATTEND EDUCATIONAL INSTITUTIONS WITHIN OKLAHOMA AND WHO ARE ENROLLED IN AN EARTH SCIENCE CURRICULUM. 2) GRANT MONETARY SUPPORT FOR TEACHERS AND SCHOOLS IN OKLAHOMA THAT MAINTAIN A PROGRAM IN THE GEOLOGICAL SCIENCES. 3) HELP SUPPORT STUDENTS WHO ATTEND COLLEGES AND UNIVERSITIES IN OKLAHOMA AND MAJOR IN THE GEOLOGICAL SCIENCES AND WHO PLAN TO PURSUE A CAREER IN EARTH SCIENCES. 4) PROVIDE FUNDING FOR SCIENTIFIC ENDEAVORS THAT ARE CONDUCTED BY ORGANIZATIONS THAT PROMOTE THE GEOLOGICAL SCIENCES. 5) HONOR CERTAIN PROFESSIONALS EMPLOYED IN BUSINESSES AFFLIATED WITH THE GEOLOGICAL SCIENCES AND WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE GEOLOGICAL PROFESSION.

Program Service Accomplishments

Program 1
Expenses: $19,980

ROCK MINERAL AND FOSSIL COLLECTION PROGRAM:IN APRIL 2015, THE OKLAHOMA GEOLOGICAL FOUNDATION, ALONG WITH OGF DIRECTOR LARRY LUNARDI, BEGAN ASSEMBLING AND DISTRIBUTING PERMANENT,ON-SITE COLLECTIONS OF...

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ROCK MINERAL AND FOSSIL COLLECTION PROGRAM:IN APRIL 2015, THE OKLAHOMA GEOLOGICAL FOUNDATION, ALONG WITH OGF DIRECTOR LARRY LUNARDI, BEGAN ASSEMBLING AND DISTRIBUTING PERMANENT,ON-SITE COLLECTIONS OF MUSEUM QUALITY ROCKS, MINERALS, AND FOSSILS FOREDUCATIONAL INSTITUTIONS LOCATED IN OKLAHOMA. THE POSITIVE COMMENTSFROM STUDENTS AND TEACHERS HAVE BEEN INCREDIBLE. AS A RESULT, IN 2018,THE LARRY LUNARDI & THE OKLAHOMA GEOLOGICAL FOUNDATION'S ROCK MINERAL,AND FOSSIL COLLECTION PROGRAM WAS OFFICIALLY ESTABLISHED. OVER 315 SCHOOLS THROUGHTOUT OKLAHOMA HAVE RECEIVED A COLLECTION IMPACTING OVER 87,000 STUDENTS, AND 1,550 TEACHERS EVERY YEAR.

Program 2
Expenses: $42,677

OKLAHOMA GEOLOGICAL FOUNDATION SUMMER FIELD CAMP PROGRAM:SINCE 2012, THE OKLAHOMA GEOLOGICAL FOUNDATION HAS PROVIDED FUNDING FOROVER 298 COLLEGE LEVEL STUDENTS TO ATTEND SUMMER GEOLOGY FIELD...

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OKLAHOMA GEOLOGICAL FOUNDATION SUMMER FIELD CAMP PROGRAM:SINCE 2012, THE OKLAHOMA GEOLOGICAL FOUNDATION HAS PROVIDED FUNDING FOROVER 298 COLLEGE LEVEL STUDENTS TO ATTEND SUMMER GEOLOGY FIELD CAMPS.THESE STUDENTS ARE ENROLLED AT OKLAHOMA STATE UNIVERSITY, THEUNIVERSITY OF OKLAHOMA, AND THE UNIVERSITY OF TULSA. THE GEOLOGY FIELDCAMP GRANTS RANGE FROM $500 TO $2,000 PER STUDENT. THESE GRANTS AREFUNDED BY THE OKLAHOMA GEOLOGICAL FOUNDATION FROM TWO FIELD CAMPPROGRAMS: THE OKLAHOMA GEOLOGICAL FOUNDATION SUMMER FIELD CAMP PROGRAM & THE FREDERICK M. BLACK SUMMER FIELD CAMP PROGRAM.

Program 3
Expenses: $96,349

SINCE 2010 , OVER 890 GRANTS, SCHOLARSHIPS & AWARDS HAVE BEEN DISTRIBUTED TO STUDENTS, TEACHERS AND SCHOOLS, WHICH INCLUDES FIELD CAMPS AND ROCK MINERAL AND FOSSIL COLLECTIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $128,977
Program Service Revenue $0
Investment Income $99,154
Other Revenue $13,371
TOTAL REVENUE $241,502

Expense Breakdown

Grants Paid $116,329
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $197,140
Other Expenses $126,319
TOTAL EXPENSES $242,648

Year-over-Year Comparison

2023 2022 Change
Revenue $241,502 $249,764 0.0%
Expenses $242,648 $378,812 -0.4%
Net Income $-1,146 $-129,048 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS C CRONIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOEL A ALBERTS SECRETARY 1.00
Officer Director
$0 $0 $0
LAWRENCE H DAVIS CHAIRMAN FINANCE COMMITTE 1.00
Officer Director
$0 $0 $0
MICHAEL BONE CHAIRMAN TECHNOLOGY COMMIT 1.00
Director
$0 $0 $0
FRANK GAGLIARDI COMMUNICATIONS COMMITTEE CHAIR 1.00
Director
$0 $0 $0
MICHAEL E HALE CHAIRMAN DONOR AND SPONSOR 1.00
Director
$0 $0 $0
LANDON W HOLMAN CHAIRMAN EVENTS COMMITTEE 1.00
Director
$0 $0 $0
J MARK LESTER CHAIRMAN LEGENDS COMMITTEE 1.00
Director
$0 $0 $0
LARRY LUNARDI CHAIRMAN SCHOOL SERVICES C 1.00
Director
$0 $0 $0
HERB MARTIN CHAIRMAN PROGRAM DEVELOPME 1.00
Director
$0 $0 $0
TERRY HOLLRAH CHAIRMAN PUBLICATION & MAR 1.00
Director
$0 $0 $0
MOLLY L YUNKER CHAIRWOMAN GRANTS & AWARDS COMMITTEE 1.00
Director
$0 $0 $0
CAMELIA C KNAPP DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $241,502 $242,648 $2,974,781 $-1,146
2022 $249,764 $378,812 $2,647,742 $-129,048
2021 $326,590 $181,620 $3,238,121 $144,970
2020 $196,672 $290,098 $2,871,015 $-93,426
2019 $410,799 $330,724 $2,737,357 $80,075
2018 $322,668 $303,470 $2,311,009 $19,198
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