Sarkeys Foundation
- Assets
- $107.9m
- Revenue
- $9.6m
- Investments
- $104.0m
- Employees
- 0
- Location
- Norman, OK
- Founding
- 08/1964
- Data as of
- 11/2022
- EIN
- 73-0736496
Organization Overview
Sarkeys Foundation is located in Norman, OK. The organization was established in 1964. 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. Sarkeys 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 11/2022, Sarkeys Foundation generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $7.3m during the year ending 11/2022. While expenses have increased by 6.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sarkeys Foundation has awarded 286 individual grants totaling $15,471,692. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT SUPPORT SURVEY AND PROGRAMAS A RESPONSE TO THE COVID CRISIS AND THE STRESS ON NONPROFITS SERVING THE OKLAHOMA PUBLIC, THE FOUNDATION ENGAGED YUUMA AND ITS LEADER, SANDY WRIGHT, TO INITITATE A SURVEY TO DETERMINE IF THOSE NONPROFITS WOULD BENEFIT FROM CRISIS MANAGEMENT AND SUPPORT. THE SURVEY DETERMINED THAT THIS WAS A GREAT NEED, BOTH DURING THIS COVID CRISIS AND LONG-TERM. THE FOUNDATION THEN ENGAGED MS. WRIGHT AND HER COMPANY TO WORK WITH FIVE ORGANIZATIONS, ON AN INDIVIDUAL BASIS TO DETERMINE SPECIFIC NEEDS FOR EACH ORGANIZATION AND WORK TOWARDS SOLUTIONS FOR EACH ORGANIZATION. THIS INITIAL PROJECT WAS COMPLETED IN FEBRUARY 2022.
DIRECT CHARITABLE ACTIVITIES TO SUPPORT LOCAL NONPROFITSPROPERTY EXPENSES AND UPKEEP OF OFFICES PLUS MINOR FURNITURE AND FIXTURES AND SUPPLIES TO ASSIST NONPROFIT ORGANIZATIONS, PROVIDING OFFICE SPACE, AND A MEETING CENTER TO PUBLIC CHARITIES. A THREE-YEAR LEASE AGREEMENT WAS RENEWED IN 2013 WITH BIG BROTHERS/BIG SISTERS OF CLEVELAND COUNTY AND MEALS ON WHEELS FOR OFFICE SPACE AT BELOW MARKET COST. THE SARKEYS STAFF ALSO PROVIDES OUTREACH SERVICES BY CONDUCTING NONPROFIT BOARD TRAININGS, FACILITATING BOARD RETREATS, AND HOSTING GRANT WRITING WORKSHOPS.
CONFERENCE CENTER EXPENSESTHE FOUNDATION'S MEETING CENTER, IN ADDITION TO HOLDING TRAINING SEMINARS AND WORKSHOPS, IS AVAILABLE FOR USE BY NONPROFIT ORGANIZATIONS FOR MEETING SPACE. STATE-OF-THE-ART AUDIO VISUAL EQUIPMENT IS AVAILABLE TO USERS OF THE MEETING CENTER. THE FOUNDATION'S NONPROFIT LIBRARY IS ALSO AVAILABLE FOR RESEARCH OR TO HOLD EVENTS FOR SMALLER GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Henry Executive Director | 40 | $210,555 | |
Linda English Weeks Sr. Program Officer | 40 | $117,350 | |
Natalie Carns Program Officer | 40 | $82,003 | |
Angela Holladay Director Of Grants M | 40 | $69,417 | |
Laynie Gottsch Program Officer | 40 | $68,856 | |
Lori Sutton Op. Officer/executiv | 40 | $57,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellwood Consulting Llc | 11/29/21 | $89,385 |
Jennison Associates | 11/29/21 | $61,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $310,791 |
| Dividends & Interest | $2,519,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,514,198 |
| Capital Gain Net Income | $6,674,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $259,901 |
| Total Revenue | $9,604,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $306,688 |
| Other employee salaries and wages | $439,799 |
| Pension plans, employee benefits | $107,241 |
| Interest | $0 |
| Taxes | $46,060 |
| Depreciation | $81,681 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $28,517 |
| Printing and publications | $10,148 |
| Other expenses | $132,430 |
| Total operating and administrative expenses | $1,745,037 |
| Contributions, gifts, grants paid | $5,508,806 |
| Total expenses and disbursements | $7,253,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,785 |
| Savings and temporary cash investments | $1,731,726 |
| 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 | $94,396 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,304,413 |
| Net Land, buildings, and equipment | $1,656,244 |
| Other assets | $51,549 |
| Total assets | $107,921,674 |
| Accounts payable and accrued expenses | $43,300 |
| Grants payable | $3,702,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48,018 |
| Total liabilities | $3,793,318 |
Grants Awarded
Over the last fiscal year, Sarkeys Foundation has awarded $8,383,806 in support to 157 organizations.
| Grant Recipient | Amount |
|---|---|
HOME INTEGRATION INC PURPOSE: LINDSEY CAMPUS CAPITAL CONSTRUCTION | $250,000 |
Oklahoma City, OK PURPOSE: THE CARE CENTER BUILDING EXPANSION | $250,000 |
HOME INTEGRATION INC PURPOSE: LINDSEY CAMPUS CAPITAL CONSTRUCTION | $250,000 |
HOME INTEGRATION INC PURPOSE: LINDSEY CAMPUS CAPITAL CONSTRUCTION | $250,000 |
Oklahoma City, OK PURPOSE: THE CARE CENTER BUILDING EXPANSION | $250,000 |
Tulsa, OK PURPOSE: FIVE YEAR GRANT ($228,000.00 PER YEAR) TO BRING TEACHING STAFF SALARIES COMMENSURATE WITH PUBLIC SCHOOL TEACHING SALARIES. | $228,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |