Coretz Family Foundation
- Assets
- $56.9m
- Revenue
- $5.8m
- Investments
- $54.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 20-1813311
Organization Overview
Coretz Family Foundation is located in Tulsa, OK. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Coretz Family Foundation 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 12/2021, Coretz Family Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coretz Family Foundation has awarded 414 individual grants totaling $13,705,995. 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 |
|---|---|---|---|
Robert K Coretz Director | 0 | $0 | |
Amy M Coretz Secretary | 0 | $0 | |
Tyler L Coretz Treasurer | 0 | $0 | |
Ryan J Coretz Secretary | 0 | $0 | |
Adam M Coretz President | 0 | $0 | |
Mindy R Coretz Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $985 |
| Dividends & Interest | $963,568 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,752,019 |
| Capital Gain Net Income | $4,752,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $71,805 |
| Total Revenue | $5,788,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $70,544 |
| Pension plans, employee benefits | $5,515 |
| Interest | $11,540 |
| Taxes | $18,384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,143 |
| Printing and publications | $0 |
| Other expenses | $102,629 |
| Total operating and administrative expenses | $534,137 |
| Contributions, gifts, grants paid | $3,506,036 |
| Total expenses and disbursements | $4,040,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,831,728 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $200,295 |
| 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 | $54,905,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,937,899 |
| 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, Coretz Family Foundation has awarded $3,506,036 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: GENERAL OPERATIONS | $826,000 |
TULSA DAY CENTER FOR THE HOMELESS PURPOSE: GENERAL OPERATIONS | $320,000 |
A NEW LEAF PURPOSE: GENERAL OPERATIONS | $250,000 |
TULSA CHILDREN'S MUSEUM DISCOVERY LAB PURPOSE: GENERAL OPERATIONS | $200,000 |
ASPEN INSTITUTE PURPOSE: GENERAL OPERATIONS | $183,091 |
OKLAHOMA POLICY INSTITUTE PURPOSE: GENERAL OPERATIONS | $170,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |