E L And Thelma Gaylord Foundation
- Assets
- $272.3m
- Revenue
- $60.0m
- Investments
- $267.1m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 73-1463569
Organization Overview
E L And Thelma Gaylord Foundation is located in Oklahoma City, OK. The organization was established in 1995. 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. E L And Thelma Gaylord 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, E L And Thelma Gaylord Foundation generated $60.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $13.7m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 7 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 2014, E L And Thelma Gaylord Foundation has awarded 1,096 individual grants totaling $73,589,280. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Gaylord Everest Co-Trustee | 3 | $10,000 | |
David O Hogan Co-Trustee | 10 | $75,000 | |
Mary Gaylord Mcclean Co-Trustee | 3 | $10,000 | |
Louise Gaylord Bennett Co-Trustee | 3 | $10,000 | |
Tricia L Everest Co-Trustee | 3 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,925,197 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,107,336 |
| Capital Gain Net Income | $55,123,075 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$17,468 |
| Total Revenue | $60,015,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,000 |
| Other employee salaries and wages | $104,630 |
| Pension plans, employee benefits | $2,989 |
| Interest | $49,822 |
| Taxes | $33,828 |
| Depreciation | $4,726 |
| Occupancy | $89,775 |
| Travel, conferences, and meetings | $8,670 |
| Printing and publications | $0 |
| Other expenses | $30,341 |
| Total operating and administrative expenses | $1,042,580 |
| Contributions, gifts, grants paid | $12,701,484 |
| Total expenses and disbursements | $13,744,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,670,772 |
| 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 | $1,472,460 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $235,804,633 |
| Net Land, buildings, and equipment | $133,329 |
| Other assets | $0 |
| Total assets | $272,330,285 |
| 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, E L And Thelma Gaylord Foundation has awarded $12,701,484 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST TEE OF METROPOLITAN OKC PURPOSE: GENERAL PURPOSE | $10,000 |
OKLAHOMA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL PURPOSE | $336,334 |
FAMILY BUILDERS PURPOSE: GENERAL PURPOSE | $30,000 |
ANNA'S HOUSE FOUNDATION PURPOSE: GENERAL PURPOSE | $50,000 |
RISE PROGRAM INC PURPOSE: GENERAL PURPOSE | $75,000 |
THE BRIDGES FOUNDATION PURPOSE: GENERAL PURPOSE | $10,000 |