Seg Advanced Modeling Coproratioon EIN 20-8685322 Form 990 (PDF) Claim this org

Seg Advanced Modeling Coproratioon

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Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Facilitates collaborative geophysical research projects between industry and academia. For fiscal year 2024 it reported $858K in revenue, $561K in expenses, and $453K in net assets.Pt I

Type
Business league / trade association · Unclassified
Location
Tulsa, OK
Website
seg.org/seam/home
Filings
5 on file (2020–2024)
Revenue
$858KFY2024
Expenses
$561K
Net assets
$453K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8685322 Business league / trade association Tulsa, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Facilitates collaborative geophysical research projects between industry and academia.
Leadership
Aria Abubakar · Chair
Money in and out
$858K revenue, $561K expenses
Bottom line
+35% operating surplus
Membership & operating revenue · FY2024
Total revenue
$858K
Pt VIII · Ln 12
Total expenses
$561K
Pt IX · Ln 25
Net assets
$453K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $296K
Operating surplus
+35%
revenue over expenses▲ ×16 vs prior filing year
Earned revenue
96%
of revenue from program services & dues▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$858K
FY2024▲ +81%
Expenses
$561K
FY2024▲ +21%
Total assets
$1.2M
FY2024▲ +14%
Total liabilities
$733K
FY2024▼ -17%
Revenue less expensesPt I · Ln 19$296K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSeg Advanced Modeling Coproratioon
EINHdr · item D20-8685322
Principal addressHdr · item CTulsa, OK
WebsiteHdr · item Jseg.org/seam/home
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFUnclassified (Z99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Seam completed activities related to the development of earth models and datasets to address high impact geophysical challenges.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$822K · 96%
Investment income$18K · 2%
Other revenue$17K · 2%
Program service revenue96%$822K
Investment income2%$18K
Other revenue2%$17K
Total revenueLn 12$858K

Balance Sheet

Part X · end of year
CashLn 1$962K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$733K
Total net assetsLn 32$453K
Months of cash on handcomputed20.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $561K
25.4 months
Where the money goes
Program services
Program services — · Total expenses $561K
Management & General
Management & general — · Total expenses $561K
Fundraising
Fundraising — · Total expenses $561K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $858K
0%
Government reliance
Government grants — · Total revenue $858K
Earned-income share
Program service revenue $822K · Total revenue $858K
96%
Investment reliance
Investment income $18K · Total revenue $858K
+2%
Program self-sufficiency
Program service revenue $822K · Total expenses $561K
146%
Growth & trend
Revenue growth (YoY)
This year $858K · Prior year $474K
+81%
Revenue CAGR
FY2020 $29K · FY2024 $858K
+133%
Net-asset trend (YoY)
End of year $453K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $858K · Expenses $561K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $453K · Total assets $1.2M
38%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $225K · Total assets (Pt X, ln 16) $1.2M
19%
People & payroll
Highest Reported Total Compensation
Individual Aria Abubakar · Reported title CHAIR · Highest reported compensation $0 · Total expenses $561K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $561K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 81%
Investment management fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$858K revenue · viewing · ⤓ 990 PDF
FY2023$474K revenue · ⤓ 990 PDF
FY2022$555K revenue · ⤓ 990 PDF
FY2021$511K revenue · ⤓ 990 PDF
FY2020$29K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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