Lobeck-Taylor Foundation
- Assets
- $42.6m
- Revenue
- $1.1m
- Investments
- $34.6m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/1998
- Data as of
- 12/2022
- 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 12/2022, Lobeck-Taylor Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lobeck-Taylor Foundation has awarded 436 individual grants totaling $16,134,489. 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:
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 |
|---|---|---|---|
Elizabeth Frame Ellison Executive Director | 40 | $198,905 | |
Kathy Taylor Director | 0 | $0 | |
Margaret Lobeck Pellegrini Director | 0 | $0 | |
Tom Kennedy Director | 0 | $0 | |
William E Lobeck Jr Director | 0 | $0 | |
Brian Paschal CEO | 40 | $180,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $67,011 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,015,617 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,609 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,062,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $198,905 |
| Other employee salaries and wages | $514,676 |
| Pension plans, employee benefits | $0 |
| Interest | $334,439 |
| Taxes | $48,188 |
| Depreciation | $504 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $400,325 |
| Total operating and administrative expenses | $1,599,849 |
| Contributions, gifts, grants paid | $825,588 |
| Total expenses and disbursements | $2,425,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $887,036 |
| Net Accounts receivable | $2,750,700 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $4,264,013 |
| 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 | $0 |
| Other assets | $53,797 |
| Total assets | $42,602,667 |
| Accounts payable and accrued expenses | $21,976 |
| 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 | $12,159,531 |
| Total liabilities | $12,181,507 |
Grants Awarded
Over the last fiscal year, Lobeck-Taylor Foundation has awarded $825,588 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
36 DEGREES NORTH CO PURPOSE: GENERAL OPERATIONS | $75,071 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL OPERATIONS | $7,500 |
BOSTON COLLEGE PURPOSE: GENERAL OPERATIONS | $25,000 |
CITY YEAR TULSA PURPOSE: GENERAL OPERATIONS | $2,500 |
GROWING TOGETHER PURPOSE: GENERAL OPERATIONS | $15,000 |
I2E PURPOSE: GENERAL OPERATIONS | $5,000 |