The Tom L Ward Family Foundation
- Assets
- $639.4k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-3160317
Organization Overview
The Tom L Ward Family Foundation is located in Oklahoma City, OK. The organization was established in 2007. 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. Tom L Ward 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 12/2023, Tom L Ward Family Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Tom L Ward Family Foundation has awarded 23 individual grants totaling $2,871,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKYLINE CHURCH, INC - OKLAHOMA CITY BASED CHRISTIAN CHURCH
HOMELESS ALLIANCE - SUPPORT OF CURBSIDE CHRONICLE, A STREET PAPER TO PROVIDE BOTH A VOICE AND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WHO ARE EXPERIENCING OR AT RISK OF HOMELESSNESS
MAYO CLINIC - SUPPORT OF MEDICAL RESEARCH
SEE CONTRIBUTIONS SCHEDULE FOR SUPPORT OF NUMEROUS OTHER CHURCHES, EDUCATION AND COUNSELING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom L Ward Chairman | 0 | $0 | |
Sch'ree D Ward Vice President | 0 | $0 | |
John D Garrison Secretary | 0 | $0 | |
Trent L Ward President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,020,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,020,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $755 |
| Contributions, gifts, grants paid | $1,386,000 |
| Total expenses and disbursements | $1,386,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639,368 |
| Savings and temporary cash investments | $0 |
| 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 | $639,368 |
| 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, The Tom L Ward Family Foundation has awarded $1,386,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC PURPOSE: SUPPORT MEDICAL RESEARCH | $20,000 |
SKYLINE CHURCH PURPOSE: SUPPORT OF A LOCAL CHURCH | $1,000,000 |
A CHANCE TO CHANGE PURPOSE: SUPPORT OF MENTAL HEALTH/ADDICTION CLINIC | $1,000 |
AMAZING IMPACT PURPOSE: SUPPORT LIFE & RELATIONSHIP COUNSELING SERVICES | $5,000 |
BRUMFIELD CEMETERY PURPOSE: CEMETERY MAINTENANCE | $1,000 |
ABUNDANT LOVE FELLOWSHIP PURPOSE: SUPPORT OF CHILDREN & YOUTH MINISTRIES | $1,000 |