Enid Community Foundation For Excellence
- Assets
- $32.3m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Enid, OK
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 73-1547637
Organization Overview
Enid Community Foundation For Excellence, operating under the name Cherokee Strip Community Foundation, is located in Enid, OK. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Cherokee Strip Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee Strip Community 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, Cherokee Strip Community Foundation generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 23.9% 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, Cherokee Strip Community Foundation has awarded 182 individual grants totaling $6,031,278. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE CHARITABLE NEEDS OF NORTHWEST OKLAHOMA THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ENDOWMENT AND OTHER FUNDS WITH THE GOAL OF PRESERVING CAPITAL AND ENHANCING VALUE TO BENEFIT THE COMMUNITIES IN OUR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO BENEFICIARIES FROM ENDOWED FUNDS AND DONOR ADVISED FUNDS.
COMPETITIVE GRANT CYCLE DISTRIBUTIONS FROM FIELD OF INTEREST FUNDS - CSCF WELCOMES PROPOSALS FROM ANY NON-PROFIT SERVING RESIDENTS IN THE NORTHWEST OKLAHOMA AREA. THE FOUNDAITON FOCUSES ITS COMPETITIVE GRANT FUNDING FOR SPECIAL PROJECTS, INNOVATIVE PROGRAMS, TECHNOLOGY, AND CAPACITY BUILDING.
SCHOLARSHIPS - HELPING LOCAL STUDENTS ATTEND COLLEGE AND BECOME THE COMMUNITY LEADERS OF TOMORROW THROUGH ADMINISTRATION OF 15 DIFFERENT SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Sanders Executive Director | Officer | 40 | $80,000 |
Tracy Hiland Executive Director | Officer | 40 | $45,000 |
Marcy Price President | Officer | 2 | $0 |
Avadelle Hibbets Treasurer | Officer | 2 | $0 |
Sharon Trojan Secretary | Officer | 2 | $0 |
Todd Hamilton Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,391,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,391,943 |
| Total Program Service Revenue | $0 |
| Investment income | $1,509,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,292,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,929,302 |
| Grants and other assistance to domestic individuals. | $148,328 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $469,894 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,179 |
| Insurance | $7,284 |
| All other expenses | $12,935 |
| Total functional expenses | $3,795,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,139 |
| Net Land, buildings, and equipment | $382,278 |
| Investments—publicly traded securities | $31,372,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,179 |
| Total assets | $32,321,752 |
| Accounts payable and accrued expenses | -$13,174 |
| Grants payable | $529,707 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,674,776 |
| Total liabilities | $6,191,309 |
| Net assets without donor restrictions | $26,130,443 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,321,752 |
Grants Awarded
Over the last fiscal year, Enid Community Foundation For Excellence has awarded $2,604,006 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
Enid, OK | | $750,079 |
Enid, OK | | $287,625 |
Oklahoma City, OK | | $158,895 |
Enid, OK | | $137,811 |
Enid, OK | | $136,633 |
Enid, OK | | $134,727 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Enid Community Foundation For Excellence has recieved totaling $240,454.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $170,000 |
| $70,454 |
Endowment Analysis
| Beg. Balance | $21,955,273 |
| Earnings | $2,224,906 |
| Admin Expense | $314,418 |
| Net Contributions | $7,203,897 |
| Grants | $2,297,516 |
| Ending Balance | $28,772,142 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
Excellerate Foundation Rogers, AR | $1,422,117 | $18,582,776 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Permian Basin Area Foundation Midland, TX | $279,717,835 | $33,055,231 |