Lobeck-Taylor Foundation
- Assets
- $41.8m
- Revenue
- $4.0m
- Investments
- $36.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 73-1519836
Organization Overview
Lobeck-Taylor Foundation is located in Tulsa, OK. The organization was established in 1998. 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. Lobeck-Taylor 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 12/2021, Lobeck-Taylor Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 15.9% 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 2015, Lobeck-Taylor Foundation has awarded 404 individual grants totaling $15,308,901. 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
2021
Describe the Organization's Program Activity:
KIVA WAS FORMED TO SUPPORT AND LAUNCH LOCAL SMALL BUSINESSES AND TO HELP A THRIVING ENTREPRENEURIAL ECOSYSTEM IN THE TULSA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Paschal CEO | 40 | $153,550 | |
Meredith L Peebles COO | 40 | $146,055 | |
Elizabeth Frame Ellison Executive Director | 40 | $143,907 | |
Jeff C Thompson Director Of Food & R | 40 | $91,358 | |
Shakira D Brauchie Director Of Finance& | 40 | $84,069 | |
Rachel R Reagan Program Director | 40 | $73,628 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $672 |
| Interest on Savings | $0 |
| Dividends & Interest | $956,298 |
| Net Rental Income | $1,630 |
| Net Gain on Sale of Assets | $2,801,031 |
| Capital Gain Net Income | $2,356,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $219,052 |
| Total Revenue | $3,978,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $143,907 |
| Other employee salaries and wages | $822,436 |
| Pension plans, employee benefits | $0 |
| Interest | $148,977 |
| Taxes | $274,511 |
| Depreciation | $864 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250,178 |
| Total operating and administrative expenses | $1,798,185 |
| Contributions, gifts, grants paid | $1,738,057 |
| Total expenses and disbursements | $3,536,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $794,974 |
| Net Accounts receivable | $2,015,718 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,007,993 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $505 |
| Other assets | $74,015 |
| Total assets | $41,813,193 |
| Accounts payable and accrued expenses | $120,773 |
| 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 | $9,907,842 |
| Total liabilities | $10,028,615 |
Grants Awarded
Over the last fiscal year, Lobeck-Taylor Foundation has awarded $1,738,057 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
LOBECK TAYLOR OPERATING FOUNDATION PURPOSE: THE LOBECK TAYLOR OPERATING FOUNDATION, (LTOF), 1124 S. LEWIS AVE, TULSA, OK 74106, IS A COMMONLY CONTROLLED OPERATING FOUNDATION. THE $469,524 GRANT WAS MADE ON 10/19/21 FOR CHARITABLE PROGRAM SUPPORT. EXPENDITURE RESPONSIBIILITY IS ENSURED VIA SUBMITTED FULL AND COMPLETE EXPENDITURE REPORTS ENDING 12/31/21. THE REPORT REFLECTED THAT THE GRANT WAS PROPERLY USED ACCORDING TO ITS CHARITABLE PURPOSE. TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE GRANT WAS ORIGINALLY MADE. THE GRANTOR ALSO HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE. | $469,524 |
LOBECK TAYLOR OPERATING FOUNDATION PURPOSE: THE LOBECK TAYLOR OPERATING FOUNDATION, (LTOF), 1124 S. LEWIS AVE, TULSA, OK 74106, IS A COMMONLY CONTROLLED OPERATING FOUNDATION. THE $246,228 GRANT WAS MADE ON 05/25/21 FOR CHARITABLE PROGRAM SUPPORT. EXPENDITURE RESPONSIBIILITY IS ENSURED VIA SUBMITTED FULL AND COMPLETE EXPENDITURE REPORTS ENDING 12/31/21. THE REPORT REFLECTED THAT THE GRANT WAS PROPERLY USED ACCORDING TO ITS CHARITABLE PURPOSE. TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE GRANT WAS ORIGINALLY MADE. THE GRANTOR ALSO HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE. | $246,228 |
OU FOUNDATION PURPOSE: GENERAL OPERATIONS | $147,144 |
LOBECK TAYLOR OPERATING FOUNDATION PURPOSE: THE LOBECK TAYLOR OPERATING FOUNDATION, (LTOF), 1124 S. LEWIS AVE, TULSA, OK 74106, IS A COMMONLY CONTROLLED OPERATING FOUNDATION. THE $115,000 GRANT WAS MADE ON 10/18/21 FOR CHARITABLE PROGRAM SUPPORT. EXPENDITURE RESPONSIBIILITY IS ENSURED VIA SUBMITTED FULL AND COMPLETE EXPENDITURE REPORTS ENDING 12/31/21. THE REPORT REFLECTED THAT THE GRANT WAS PROPERLY USED ACCORDING TO ITS CHARITABLE PURPOSE. TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE GRANT WAS ORIGINALLY MADE. THE GRANTOR ALSO HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE. | $115,000 |
Tulsa, OK PURPOSE: GENERAL OPERATIONS | $102,178 |
Tulsa, OK PURPOSE: GENERAL OPERATIONS | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lobeck-Taylor Foundation has recieved totaling $286.
| Awarding Organization | Amount |
|---|---|
Ross Charitable Foundation Tulsa, OK PURPOSE: CHARITABLE | $286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |