The Helmerich Trust
- Assets
- $98.6m
- Revenue
- $509.7k
- Investments
- $94.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 73-1304358
Organization Overview
The Helmerich Trust is located in Tulsa, OK. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Helmerich Trust 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, Helmerich Trust generated $509.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hans C Helmerich Co-Trustee | 6 | $121,600 | |
Walter H Helmerich IV Emeritus | 6 | $121,200 | |
Dow Z Helmerich Co-Trustee | 6 | $121,600 | |
Matthew G Helmerich Co-Trustee | 6 | $121,600 | |
Jonathan D Helmerich Co-Trustee | 6 | $121,600 | |
Jordan E Helmerich Co-Trustee | 6 | $30,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helmerich Family Office Llc | 12/30/22 | $172,000 |
Northern Trust | 12/30/22 | $132,931 |
Crow Holdings Capital | 12/30/22 | $198,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $237,439 |
| Dividends & Interest | $2,843,591 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,777,738 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $206,363 |
| Total Revenue | $509,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $638,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96,374 |
| Depreciation | $13,687 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,172 |
| Printing and publications | $0 |
| Other expenses | $399,834 |
| Total operating and administrative expenses | $1,691,969 |
| Contributions, gifts, grants paid | $6,040,850 |
| Total expenses and disbursements | $7,732,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,231,096 |
| Net Accounts receivable | $5,940 |
| 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 | $73,659,054 |
| Net Land, buildings, and equipment | $167,087 |
| Other assets | $0 |
| Total assets | $98,566,358 |
| 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 |