Community Foundation Of Ardmore Inc
- Assets
- $13.8m
- Revenue
- $563.0k
- Investments
- $13.4m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 12/2004
- Data as of
- 02/2024
- EIN
- 20-0514419
Organization Overview
Community Foundation Of Ardmore Inc is located in Ardmore, OK. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Ardmore Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2024, Community Foundation Of Ardmore Inc generated $563.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $781.9k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Community Foundation Of Ardmore Inc has awarded 123 individual grants totaling $2,938,247. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Martin Chairman | 0.75 | $0 | |
Wendy Craddock Trustee | 0.75 | $0 | |
Alison Smalley Secretary | 0.75 | $0 | |
Lee Card Trustee | 0.75 | $0 | |
Sam Daube Trustee | 0.75 | $0 | |
Andre Moore Vice Chairman | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $219,700 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $325,235 |
| Capital Gain Net Income | $325,235 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,047 |
| Total Revenue | $562,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,067 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $12,448 |
| Travel, conferences, and meetings | $593 |
| Printing and publications | $0 |
| Other expenses | $46,790 |
| Total operating and administrative expenses | $129,043 |
| Contributions, gifts, grants paid | $652,827 |
| Total expenses and disbursements | $781,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,946 |
| Savings and temporary cash investments | $398,480 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,844,609 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Ardmore Inc has awarded $810,327 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
A PLUS READING INC PURPOSE: THERAPIST SALARIES FYE 7/31/24, TRAINING MATERIALS | $25,000 |
ARDMORE ANIMAL CARE INC PURPOSE: BUILDING & GROUNDS IMPROVEMENTS, VAN HEATER | $27,000 |
ARDMORE DAY NURSERY INC PURPOSE: OPERATING SUPPORT FYE 4/30/2024 | $15,000 |
ARDMORE FAMILY LITERACY INC PURPOSE: 2023 OPERATING SUPPORT | $10,000 |
ARDMORE FAMILY YMCA PURPOSE: YOUTH & GOVERNMENT PROGRAM EXPANSION | $7,000 |
ARDMORE PARKS & RECREATION DEPT PURPOSE: 2023 CENTRAL PARK CHRISTMAS LIGHTING | $6,821 |