Norvell Family Foundation Inc
- Assets
- $2.2m
- Revenue
- $346.4k
- Investments
- $1.8m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 48-1305442
Organization Overview
Norvell Family Foundation Inc is located in Tulsa, OK. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Norvell Family Foundation Inc 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, Norvell Family Foundation Inc generated $346.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $244.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Norvell Family Foundation Inc has awarded 133 individual grants totaling $712,000. 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 |
|---|---|---|---|
Merrily Ann Sanzalone President | 1 | $1,500 | |
Stephen Norvell Vice Pres | 1 | $1,500 | |
Joel Gregg Norvell Vice Pres | 1 | $1,500 | |
David Norvell Vice Pres | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $288,135 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,251 |
| Capital Gain Net Income | $2,251 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $346,371 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,315 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $244,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,838 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,180,000 |
| 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, Norvell Family Foundation Inc has awarded $220,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN 316 MISSION PURPOSE: SUPPORT | $25,000 |
Tulsa, OK PURPOSE: SUPPORT | $25,000 |
Portland, OR PURPOSE: SUPPORT | $25,000 |
Saylorsburg, PA PURPOSE: SUPPORT | $21,875 |
CHINMAYA MISSION WEST PURPOSE: SUPPORT | $21,875 |
CARE GIFT CENTER PURPOSE: SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Walton Family Charitable Support Foundation Inc Bentonville, AR | $1,144,906,373 | $82,175,150 |
J A & Leta M Chapman Charitable Tr Tulsa, OK | $1,004,993,686 | $116,236,869 |
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |