Aapl Educational Foundation INC FY2022 filing

Tax-deductible

Fort Worth, TX501(c)(3)Since 1983EIN 23-7243157

The educational foundation was formed for the purpose of 1. Promoting education, instruction and training for members to improve or develop their capabilities, 2. Instruct the public on subjects useful to individuals and beneficial to the community, 3. Further the advancement of education and 4. Support other charitable purposes, such as natural disaster relief for members.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $74K a year · 25% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$561K
-0.2% vs prior year
Spent
$216K
To programs
80%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$561K
FY2022-0.2%
Revenue by fiscal year
FY2020$38K
FY2021$562K
FY2022$561K
FY2023$117K
FY2024$191K
FY2024$267K
Expenses
$216K
FY2022▼ -7%
Expenses by fiscal year
FY2020$157K
FY2021$232K
FY2022$216K
FY2023$289K
FY2024$207K
FY2024$292K
Net assets
$4.9M
FY2022▼ -11%
Net assets by fiscal year
FY2020$4.3M
FY2021$5.5M
FY2022$4.9M
FY2023$5.0M
FY2024$5.4M
FY2024$5.5M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $173K Management & general 20% · $43K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990-T.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Aapl Executive Vice President
$0Pt VII · Sec A
Aapl Chief Accounting Officer
$0Pt VII · Sec A
Chairman Emeritus End: 06/22
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer End: 06/22
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director End: 06/22
$0Pt VII · Sec A
See Aapl Educational Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates about petroleum, mineral, and energy industries for members and the public.

Provided by the organization

This section is blank until Aapl Educational Foundation INC claims this page.

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2 program services account for $173K of program spending, described in the organization's own filed words · FY2021.
01

To provide assistance to promote education for the members of aapl and the general public.

$163Kprogram expense
02

To provide disaster relief to those within the petroleum, mineral, and energy industries.

$10Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$100K
Grants paid · 27 grants · $1.1M · 2019–2024
Nape Expo LPFY2024$40,000
Nape Expo LPFY2024$13,600
Landman Scholarship TrustTX · FY2024$8,605
Nape Expo LPFY2023$41,495
Landman Scholarship TrustTX · FY2023$12,200
Nape Expo LPFY2022$43,600
Nape Expo LPFY2021$40,299
Ipaa Educational FoundationFY2021$25,000
Unitemized GrantFY2021$10,000
See all 27 grants →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$561K
Investment income$459K
Gifts and grants$100K
Other income$2K
Money out
$216K
Programs$173K
Management$43K
Owns and owes
$4.9M
net assets
Cash and savings$190K
Total assets$4.9M
Liabilities$24K
People
11
listed
Paid0
Voting board7
Independent7
2In more detail
Revenue in detail
Gifts and grants$100K
Investment income$459K
Other income$2K
Total revenue$561K
Assets in detailEnd of year
Cash and savings together$190K
Total assets$4.9M
Liabilities$24K
Net assets$4.9M
Operations
Employees0
Volunteers10
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $191K$207K−$15K$5.4M 990 PDF
FY2023 $117K$289K−$172K$5.0M 990 PDF
FY2022 Viewing $561K$216K$346K$4.9M 990 PDF
FY2021 $562K$232K$331K$5.5M 990 PDF
FY2020 $38K$157K−$119K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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