Luke And Becky Corbett Foundation
- Assets
- $4.4m
- Revenue
- -$124.5k
- Investments
- $4.3m
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-5201343
Organization Overview
Luke And Becky Corbett Foundation is located in Edmond, OK. The organization was established in 2006. 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. Luke And Becky Corbett Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Luke And Becky Corbett Foundation has awarded 83 individual grants totaling $2,095,575. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucius Corbett President/board Member | 0 | $0 | |
Sally Rebecca Corbett Secretary/board Member | 0 | $0 | |
Carrie Corbett Loxton Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $675 |
| Dividends & Interest | $33,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$158,782 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$124,545 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,660 |
| Contributions, gifts, grants paid | $305,000 |
| Total expenses and disbursements | $335,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,869 |
| Net Accounts receivable | $31 |
| 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 | $3,250 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,394,067 |
| 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, Luke And Becky Corbett Foundation has awarded $305,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF CENTRAL OKLAHOMA PURPOSE: GENERAL FUND | $63,000 |
OKLAHOMA SPORT HALL OF FAME PURPOSE: GENERAL FUND | $1,000 |
OKLAHOMA HALL OF FAME (FRIENDS OF MEDALLION) PURPOSE: GENERAL FUND | $2,500 |
NEW COVENANT UNITED METHODIST CHURCH PURPOSE: GENERAL FUND | $92,500 |
INTEGRIS HEALTH FOUNDATION INC PURPOSE: GENERAL FUND | $100,000 |
HOPE CENTER OF EDMOND PURPOSE: GENERAL FUND | $5,000 |