Rita L Willis Foundation
- Assets
- $4.9m
- Revenue
- $734.0k
- Investments
- $4.4m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 38-7204563
Organization Overview
Rita L Willis Foundation is located in Tulsa, OK. The organization was established in 0000. 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. Rita L Willis 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, Rita L Willis Foundation generated $734.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $554.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rita L Willis Foundation has awarded 44 individual grants totaling $2,141,255. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $200,633 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $507,679 |
| Capital Gain Net Income | $507,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,682 |
| Total Revenue | $733,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,729 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,396 |
| Total operating and administrative expenses | $84,056 |
| Contributions, gifts, grants paid | $470,067 |
| Total expenses and disbursements | $554,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $513,910 |
| 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 | $582,942 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $110 |
| Total assets | $4,945,750 |
| 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, Rita L Willis Foundation has awarded $470,067 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DOCTORS WITHOUT BORDERS PURPOSE: GENERAL SUPPORT | $56,408 |
GILCREASE MUSEUM PURPOSE: GENERAL SUPPORT | $9,401 |
UNIVERSITY OF MICHIGAN LIFE SCIENCES PURPOSE: GENERAL SUPPORT | $164,525 |
WORLD WILDLIFE FUND INC PURPOSE: GENERAL SUPPORT | $42,306 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $9,401 |
NATURE CONSERVANCY PURPOSE: GENERAL SUPPORT | $42,306 |