SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
AMERICAN ASSOCIATION OF PETROLEUM
GEOLOGISTS FOUNDATION
Employer identification number

73-1298684
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE FORM 990 AFTER WHICH IT IS REVIEWED BY THE TRUSTEES BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS COMPLETED BY EACH FOUNDATION TRUSTEE AT THE BEGINNING OF EACH FISCAL YEAR.
FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF CERTAIN EMPLOYEES OF THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS (AAPG) IS ALLOCATED TO THE AMERICAN ASSOCIATION OF PETROLEUM GEOLOGISTS FOUNDATION (AAPGF) BASED ON THEIR TIME SPENT ON FOUNDATION MATTERS. THE AAPG EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND ESTABLISHED BY THE AAPG EXECUTIVE COMMITTEE. BACKGROUND INFORMATION FROM NATIONAL AND REGIONAL SALARY SURVEYS ARE PROVIDED TO THE EXECUTIVE COMMITTEE. THE AAPGF TRUSTEES ARE MADE AWARE OF THE PERCENTAGE OF THE EXECUTIVE DIRECTOR'S SALARY ALLOCATED TO AAPGF AND INCLUDED IN AAPGF'S ANNUAL FINANCIAL PLAN. THE FINANCIAL PLAN IS REVIEWED BY THE TRUSTEES AND APPROVED ANNUALLY BEFORE THE START OF EACH FISCAL YEAR. THE PROCESS UTILIZED TO DETERMINE THE SALARY LEVELS OF KEY STAFF IS SIMILAR TO THE PROCESS USED FOR THE EXECUTIVE DIRECTOR AS SALARY STUDIES ARE USED FOR BOTH LOCAL AND NATIONAL. AAPG RECEIVES LOCAL SALARY INFORMATION FROM A HUMAN RESOURCES CONSULTANT WHO MAINTAINS A LOCAL SALARY DATABASE. THE TRUSTEES DO NOT APPROVE THE SALARIES OF KEY STAFF MEMBERS, BUT THE EXECUTIVE DIRECTOR PROVIDES THIS INFORMATION TO THE TRUSTEES, AND THE SALARY AND BENEFIT LEVELS ARE INCLUDED IN AAPGF'S ANNUAL BUSINESS AND FINANCIAL PLAN.
FORM 990, PART VI, SECTION C, LINE 18 THE CONFLICT OF INTEREST POLICY IS NOT MADE PUBLIC AT THIS TIME. HOWEVER, A COPY OF THE FORM WILL BE INCLUDED ON THE FOUNDATION'S WEBSITE IN THE NEAR FUTURE.
FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE LOCATED IN THE FOUNDATION'S OFFICE WHICH IS OPEN TO THE PUBLIC.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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