Mary K Chapman Foundation is located in Tulsa, OK. The organization was established in 1996. 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. Mary K Chapman 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, Mary K Chapman Foundation generated $16.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $9.2m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 5 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A - THE MARY K. CHAPMAN FOUNDATION IS A NON-OPERATING PRIVATE FOUNDATION WHICH MAKES GIFTS TO CHARITABLE ORGANIZATIONS. THE FOUNDATION DOES NOT OPERATE
ANY FACILITY OR INSTITUTION UNDERTAKING A CHARITABLE, EDUCATIONAL OR RELIGIOUS ENDEAVOR.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
Donne Pitman Manager & Co-Trustee  | 25 | $376,280 | |
Andie Doyle Manager & Co-Trustee (fr 8/19)  | 25 | $375,959 | 
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 | 
| Interest on Savings | $0 | 
| Dividends & Interest | $6,525,925 | 
| Net Rental Income | $0 | 
| Net Gain on Sale of Assets | $9,435,274 | 
| Capital Gain Net Income | $9,435,274 | 
| Net ST Capital Gain | $0 | 
| Income Modifications | $0 | 
| Profit on Inventory Sales | $0 | 
| Other Income | -$1,518 | 
| Total Revenue | $15,959,681 | 
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $917,364 | 
| Other employee salaries and wages | $243,106 | 
| Pension plans, employee benefits | $34,579 | 
| Interest | $0 | 
| Taxes | $277,892 | 
| Depreciation | $3,940 | 
| Occupancy | $82,071 | 
| Travel, conferences, and meetings | $14,256 | 
| Printing and publications | $0 | 
| Other expenses | $183,019 | 
| Total operating and administrative expenses | $2,088,616 | 
| Contributions, gifts, grants paid | $7,084,191 | 
| Total expenses and disbursements | $9,172,807 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 | 
| Savings and temporary cash investments | $5,862,434 | 
| Net Accounts receivable | $62,441 | 
| 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 | $369,749 | 
| Net Land, buildings, and equipment | $0 | 
| Other assets | $224,500 | 
| Total assets | $134,114,080 | 
| 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 |