William S & Ann Atherton Foundation
- Assets
- $15.8m
- Revenue
- $2.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 73-1520309
Organization Overview
William S & Ann Atherton Foundation is located in Tulsa, OK. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William S & Ann Atherton 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 12/2023, William S & Ann Atherton Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William S & Ann Atherton Foundation has awarded 399 individual grants totaling $11,155,936. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAM S. AND ANN ATHERTON FOUNDATION IS A PRIVATE, NON-OPERATING FOUNDATION. IT ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTS. THE FOUNDATION MANAGER SPENDS AN AVERAGE OF 60% OF HER TIME ADMINISTERING INVESTMENTS AND 40% ANSWERING CORRESPONDENCE, AND INVESTIGATING INSTITUTIONS THAT REQUIRE FUNDING. THEREFORE, 40% OF RELATED EXPENSES HAVE BEEN ALLOCATED TO GRANT-MAKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William S Atherton Chairman | 1 | $0 | |
D Ann Atherton Director | 1 | $0 | |
Jessica Ann Faubert President | 40 | $252,861 | |
J Thomas Atherton Treasurer | 10 | $200,000 | |
M Dirk Atherton Director | 1 | $0 | |
Preston B Smith Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,410,698 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $662,882 |
| Capital Gain Net Income | $662,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $104,802 |
| Total Revenue | $2,178,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $452,861 |
| Other employee salaries and wages | $125,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90,941 |
| Depreciation | $12,855 |
| Occupancy | $29,636 |
| Travel, conferences, and meetings | $219,324 |
| Printing and publications | $0 |
| Other expenses | $60,770 |
| Total operating and administrative expenses | $1,016,332 |
| Contributions, gifts, grants paid | $2,971,075 |
| Total expenses and disbursements | $3,987,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,428 |
| Savings and temporary cash investments | $0 |
| 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 | $35,119 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $693,085 |
| Net Land, buildings, and equipment | $38,568 |
| Other assets | $0 |
| Total assets | $15,758,477 |
| 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 | $109 |
| Total liabilities | $109 |
Grants Awarded
Over the last fiscal year, William S & Ann Atherton Foundation has awarded $2,971,075 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BIT BY BIT EQUESTRIAN FOUNDATION PURPOSE: GENERAL FUND | $5,075 |
AMERICAN CANCER SOCIETY PURPOSE: CATTLE BARON BALL | $5,000 |
CAPITAL RESEARCH CENTER PURPOSE: GENERAL FUND | $7,000 |
CLASSICALLY FORMED INC PURPOSE: GENERAL FUND | $250,000 |
CONSTITUTING AMERICA PURPOSE: GENERAL FUND | $10,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: GENERAL FUND | $250,000 |