Otha H Grimes Foundation
- Assets
- $4.2m
- Revenue
- $831.6k
- Investments
- $3.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 73-1293858
Organization Overview
Otha H Grimes Foundation is located in Tulsa, OK. The organization was established in 1987. 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. Otha H Grimes 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, Otha H Grimes Foundation generated $831.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $832.6k during the year ending 12/2022. While expenses have increased by 3.1% 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 2020, Otha H Grimes Foundation has awarded 12 individual grants totaling $2,140,000. 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 |
|---|---|---|---|
Frank Henke III Trustee | 1 | $6,000 | |
Allyson Brooke Hawley Trustee | 1 | $1,000 | |
Michael D Hall Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $372,366 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,580 |
| Capital Gain Net Income | $43,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $415,695 |
| Total Revenue | $831,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,477 |
| Total operating and administrative expenses | $52,554 |
| Contributions, gifts, grants paid | $780,000 |
| Total expenses and disbursements | $832,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,682 |
| Savings and temporary cash investments | $588,487 |
| Net Accounts receivable | $30,531 |
| 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 | $2,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,738 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,156,386 |
| 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, Otha H Grimes Foundation has awarded $780,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA CAREER TECH FOUNDATION PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS | $195,000 |
EASTERN OKLAHOMA STATE COLLEGE PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS | $195,000 |
UNIVERSITY OF THE OZARKS PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS | $195,000 |
OKLAHOMA STATE UNIVERSITY FOUNDATION PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS | $195,000 |