Southern Oklahoma Memorial Foundation Inc
- Assets
- $106.1m
- Revenue
- $11.5m
- Investments
- $91.3m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 73-1300662
Organization Overview
Southern Oklahoma Memorial Foundation Inc is located in Ardmore, OK. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oklahoma Memorial 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 06/2022, Southern Oklahoma Memorial Foundation Inc generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 6 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 2015, Southern Oklahoma Memorial Foundation Inc has awarded 527 individual grants totaling $59,822,335. 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 |
|---|---|---|---|
Mary Kate Wilson President | 30 | $139,050 | |
Debra Fields Vice Chairman | 0.4 | $0 | |
Curtis Davidson Chairman | 0.4 | $0 | |
Ann Crosby Director | 0.4 | $0 | |
Kevin Reed Director | 0.4 | $0 | |
Gil Wallace Director | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barrow Hanley Mewhinney & Strauss Inc | 6/29/22 | $119,140 |
Bank Of Oklahoma | 6/29/22 | $64,752 |
Mercy Memorial Health Center | 6/29/22 | $124,641 |
Walton Street Captial Llc | 6/29/22 | $88,180 |
Capfinancialpartners Llc | 6/29/22 | $48,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,232 |
| Dividends & Interest | $901,180 |
| Net Rental Income | $718,887 |
| Net Gain on Sale of Assets | $4,065,359 |
| Capital Gain Net Income | $4,065,359 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,073,911 |
| Total Revenue | $11,493,167 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,050 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $246,729 |
| Depreciation | $726,437 |
| Occupancy | $19,776 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $307,396 |
| Total operating and administrative expenses | $1,740,956 |
| Contributions, gifts, grants paid | $5,652,885 |
| Total expenses and disbursements | $7,393,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,390,462 |
| 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 | $9,376,656 |
| Investments—mortgage loans | $0 |
| Investments—other | $26,263,603 |
| Net Land, buildings, and equipment | $83 |
| Other assets | $0 |
| Total assets | $106,106,910 |
| 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, Southern Oklahoma Memorial Foundation Inc has awarded $7,498,078 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
GODDARD CENTER FOR VISUAL AND PERFORMING PURPOSE: CAPITAL CAMPAIGN PHASE I, 2A, & 2B RENO, EXPANSION | $1,250,000 |
Ardmore, OK PURPOSE: PURCHASE QUINTON LITTLE BUILDING | $600,000 |
HARDY MURPH COLISEUM TRUST AUTHORITY PURPOSE: MAJOR RENOVATIONS PHASE ( (ROOF REPLACEMENT) | $500,000 |
COMMUNITY CHILDREN'S SHELTER & FAMILY SRV PURPOSE: GRANT - NEW FACILITY CONSTRUCTION PHASE I (ADD'L FUNDING) | $500,000 |
Ardmore, OK PURPOSE: GRANT: - 2022 OPERATING SUPPORT | $500,000 |
Ardmore, OK PURPOSE: GRANT - CT SCANNER RADIOLOGY EQUIPMENT | $450,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evelyn Rubenstein Jewish Community Center Of Houston Texas Houston, TX | $63,544,592 | $32,335,855 |
Southern Oklahoma Memorial Foundation Inc Ardmore, OK | $106,106,910 | $11,493,167 |
El Paso Center For Children Inc El Paso, TX | $2,932,170 | $7,098,518 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
Adult & Teen Challenge Of Texas San Antonio, TX | $11,283,106 | $8,543,774 |
Project Vida El Paso, TX | $4,738,725 | $6,974,845 |
Missouri Baptist Childrens Home Bridgeton, MO | $28,799,310 | $5,163,780 |
Promise Keepers Colorado Springs, CO | $314,391 | $4,644,365 |
Mesa Valley Community School Grand Junction, CO | $4,974,586 | $4,247,839 |
If Gathering Dallas, TX | $3,452,499 | $4,210,258 |
Ecumenical Center For Religion And Health San Antonio, TX | $7,342,387 | $4,148,621 |
Emissaries Of Divine Light Loveland, CO | $13,649,759 | $2,104,017 |