The Grace & Franklin Bernsen Foundation
- Assets
- $24.1m
- Revenue
- $3.7m
- Investments
- $23.6m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 03/1969
- Data as of
- 09/2023
- EIN
- 23-7009414
Organization Overview
The Grace & Franklin Bernsen Foundation is located in Tulsa, OK. The organization was established in 1969. 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. Grace & Franklin Bernsen 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 09/2023, Grace & Franklin Bernsen Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $1.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grace & Franklin Bernsen Foundation has awarded 502 individual grants totaling $11,311,218. 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 |
|---|---|---|---|
Donald E Pray Trustee | 0 | $60,000 | |
Melissa Easterling Trustee | 0 | $60,000 | |
W Bland Williamson Trustee | 0 | $60,000 | |
Barbara Pray Trustee | 0 | $60,000 | |
David Zemel Director | 0 | $87,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,241 |
| Dividends & Interest | $919,833 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,701,769 |
| Capital Gain Net Income | $2,701,769 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,601 |
| Total Revenue | $3,700,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $327,306 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,621 |
| Interest | $0 |
| Taxes | $2,807 |
| Depreciation | $2,203 |
| Occupancy | $18,671 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $76,607 |
| Total operating and administrative expenses | $435,141 |
| Contributions, gifts, grants paid | $1,180,080 |
| Total expenses and disbursements | $1,615,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,994 |
| Savings and temporary cash investments | $292,921 |
| 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 | $23,564,473 |
| Net Land, buildings, and equipment | $13,608 |
| Other assets | $0 |
| Total assets | $24,115,996 |
| Accounts payable and accrued expenses | $80,000 |
| 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 | $80,000 |
Grants Awarded
Over the last fiscal year, The Grace & Franklin Bernsen Foundation has awarded $1,180,080 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STEP MALE DIVERSION PROGRAM PURPOSE: CHALLENGE GRANT | $25,000 |
AMERICAN RED CROSS PURPOSE: DISASTER FINANCIAL ASSISTANCE | $25,000 |
AMERICAN RED CROSS NE OKLAHOMA PURPOSE: EMERGENCY GRANT, OK SPRING DISASTER | $20,000 |
AMERICAN RED CROSS NE OKLAHOMA PURPOSE: FIRE HOME SAFETY PROGRAM | $30,000 |
ASCENSION ST JOHN PURPOSE: STREET PARTY SPONSOR | $10,000 |
BIG BROTHERS & SISTERS OF OKLAHOMA PURPOSE: DIGITAL FINGERPRINT MACHINE | $6,995 |