Live Oak Foundation
- Assets
- $1.4m
- Revenue
- $440.5k
- Investments
- $604.7k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 30-0519320
Organization Overview
Live Oak Foundation is located in Fort Worth, TX. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Live Oak 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, Live Oak Foundation generated $440.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Live Oak Foundation has awarded 86 individual grants totaling $2,363,907. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PART OF ITS ONEAZLE PROGRAM, THE FOUNDATION PROVIDES A HOME FOR A SELECT GROUP OF COMMUNITY SERVICE-ORIENTED NON-PROFIT ORGANIZATIONS IN THE AZLE AREA. THE ONEAZLE FACILITIES ARE LOCATED AT 412 COMMERCE STREET AND INCLUDE A 1,200 SQUARE FOOT OFFICE SUITE, A 1,300 SQUARE FOOT MEETING ROOM, AND 4,500 SQUARE FEET OF WAREHOUSE SPACE. IN 2021, THE FOUNDATION PROVIDED SPACE FOR THE AZLE LIONS CLUB, THE AZLE ROTARY CLUB, AND GOOD N.E.W.S. 4 SENIORS. THE FOUNDATION PROVIDES THE SPACE RENT FREE AND PAYS FOR ALL OF THE BUILDINGS OPERATING EXPENSES INCLUDING PROPERTY TAXES, INSURANCE, UTILITIES, AND SUPPLIES. THE FOUNDATION ALSO PAYS FOR AN ELECTRONIC BILLBOARD ADVERTISING FOR THE ORGANIZATIONS THAT IT HOUSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $396,905 |
| Interest on Savings | $1,710 |
| Dividends & Interest | $18,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,289 |
| Capital Gain Net Income | $23,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $440,463 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,275 |
| Depreciation | $32,978 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,132 |
| Total operating and administrative expenses | $63,385 |
| Contributions, gifts, grants paid | $1,402,782 |
| Total expenses and disbursements | $1,466,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,637 |
| Savings and temporary cash investments | $171,572 |
| 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 | $596,383 |
| Other assets | $0 |
| Total assets | $1,404,289 |
| 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, Live Oak Foundation has awarded $1,402,782 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CARING CENTER PURPOSE: BUILDING TO OCCUPY FOR OPERATING PURPOSES | $1,071,365 |
Fort Worth, TX PURPOSE: OPERATING FUNDS | $116,469 |
Fort Worth, TX PURPOSE: OPERATING FUNDS | $68,000 |
COMMUNITY CARING CENTER PURPOSE: WEEKEND FOOD PROGRAM | $59,245 |
GOOD NEWS 4 SENIORS PURPOSE: $4,297 FOR VARIOUS ITEMS.$24,000 DONATION FOR OPERATING FUNDS | $24,924 |
SAFE HARBOR COUNSELING CENTER PURPOSE: OPERATING FUNDS | $17,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |