Stitt Charitable Foundation
- Assets
- $1.3m
- Revenue
- $66.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 46-6402433
Organization Overview
Stitt Charitable Foundation is located in Tulsa, OK. The organization was established in 2013. 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. Stitt Charitable 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 12/2022, Stitt Charitable Foundation generated $66.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $120.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Stitt Charitable Foundation has awarded 150 individual grants totaling $4,152,645. 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 |
|---|---|---|---|
John K Stitt Co-Trustee | 1 | $0 | |
Sarah R Stitt Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,014 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,340 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,928 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $147 |
| Taxes | $27,468 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,500 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $48,179 |
| Contributions, gifts, grants paid | $72,402 |
| Total expenses and disbursements | $120,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,000 |
| 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 | $59,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,305,579 |
| 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 | $101,104 |
| Total liabilities | $101,104 |
Grants Awarded
Over the last fiscal year, Stitt Charitable Foundation has awarded $72,402 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: SUPPORT ORGANIZATION | $912 |
CRU PURPOSE: SUPPORT ORGANIZATION | $12,000 |
FIRE INTERNATIONAL PURPOSE: SUPPORT ORGANIZATION | $15,000 |
NORTHCHURCH (GUTHRIE) PURPOSE: SUPPORT ORGANIZATION | $5,100 |
NORTHCHURCH (OKC) PURPOSE: SUPPORT ORGANIZATION | $15,390 |
STAND IN THE GAP PURPOSE: SUPPORT ORGANIZATION | $12,000 |