Frontiers Of Science Foundation Of Oklahoma Inc
- Assets
- $548.3k
- Revenue
- $14.9k
- Investments
- $539.6k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/1959
- Data as of
- 06/2023
- EIN
- 73-0642039
Organization Overview
Frontiers Of Science Foundation Of Oklahoma Inc is located in Oklahoma City, OK. The organization was established in 1959. 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. Frontiers Of Science Foundation Of Oklahoma 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 06/2023, Frontiers Of Science Foundation Of Oklahoma Inc generated $14.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $12.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
SUPPORT EDUCATIONAL PROGRAMS AND SCHOLARSHIPS IN THE FIELD OF APPLIED SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Godfrey Jr Treasurer | 0 | $0 | |
Robert Abernathy President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,043 |
| Dividends & Interest | $18,912 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,048 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $275 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $154 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,095 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $12,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,686 |
| 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 | $165,277 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $548,329 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $108,502 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,502 |
Grants Awarded
Over the last fiscal year, Frontiers Of Science Foundation Of Oklahoma Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OKLAHOMA PURPOSE: SCHOLARSHIP | $5,000 |
OKLAHOMA MEDICAL RESEARCHFOUNDATION PURPOSE: SPONSORSHIP | $25,000 |