Tulsa Community Foundation
- Assets
- $554.1m
- Revenue
- $164.3m
- Investments
- $81.2m
- Employees
- 151
- Location
- Tulsa, OK
- Founding
- 06/1999
- Data as of
- 12/2019
- EIN
- 73-1554474
Organization Overview
Tulsa Community Foundation is located in Tulsa, 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 12/2019, Tulsa Community Foundation employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Tulsa Community Foundation generated $164.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $166.4m during the year ending 12/2019. While expenses have increased by 8.9% 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.
Since 2014, Tulsa Community Foundation has awarded 4,707 individual grants totaling $296,149,645. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TCF IS ORGANIZED AND OPERATED FOR CHARTIBALE PURPOSES PRIMARILY FOR THE LONG TERM BENEFIT OF THE TULSA METROPOLITAN AREA AND EASTERN OKLAHOMA CHARTIBALE CAUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING OF QUALIFIED CHARITABLE PURPOSES, ORGANIZATIONS AND OTHER ENTITIES THAT BENEFIT TCF'S INTERESTS AND MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Lakin Jr Chief Executive Officer | Officer | 55 | $525,750 |
Suzanne Schrieber Sr. Program Officer | 40 | $170,730 | |
Mike Dodson Chief Development Officer | 40 | $168,838 | |
Debbie Allen Controller | 30 | $133,042 | |
Carlisha Williams Bradley Executive Director | 40 | $132,080 | |
Caroline Shaw Deputy Director | 40 | $120,724 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Child Trends Inc Early Childhood Consultant | 12/30/19 | $143,960 |
Bank Of Oklahoma - Trust Services Investment Mgmt Services | 12/30/19 | $863,936 |
Lisa Lazurus Early Childhood Consultant | 12/30/19 | $202,500 |
The Advancement Group Planned Giving Services | 12/30/19 | $248,039 |
Asemio Data & Technology Systems | 12/30/19 | $148,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $178,763 |
| Fundraising events | $670,320 |
| Related organizations | $13,308,371 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,350,038 |
| Noncash contributions included in lines 1a–1f | $38,183,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,507,492 |
| Total Program Service Revenue | $1,386,048 |
| Investment income | $12,096,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,346,083 |
| Net Income from Fundraising Events | -$223,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,263,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,583,387 |
| Grants and other assistance to domestic individuals. | $1,251,601 |
| Grants and other assistance to Foreign Orgs/Individuals | $36,566 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $662,085 |
| Compensation of current officers, directors, key employees. | $210,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,440,737 |
| Pension plan accruals and contributions | $288,292 |
| Other employee benefits | $148,056 |
| Payroll taxes | $399,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61 |
| Fees for services: Accounting | $54,250 |
| Fees for services: Lobbying | $418,140 |
| Fees for services: Fundraising | $225,758 |
| Fees for services: Investment Management | $1,260,079 |
| Fees for services: Other | $1,011,984 |
| Advertising and promotion | $0 |
| Office expenses | $47,132 |
| Information technology | $53,342 |
| Royalties | $0 |
| Occupancy | $113,391 |
| Travel | $51,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,008 |
| Insurance | $30,971 |
| All other expenses | -$198,234 |
| Total functional expenses | $166,382,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,819,220 |
| Pledges and grants receivable | $76,469,888 |
| Accounts receivable, net | $560,653 |
| 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 | $16,459 |
| Net Land, buildings, and equipment | $6,943,635 |
| Investments—publicly traded securities | $247,699,420 |
| Investments—other securities | $81,229,603 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $348,805 |
| Total assets | $554,087,683 |
| Accounts payable and accrued expenses | $916,850 |
| Grants payable | $178,766 |
| 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 | $31,248,359 |
| Total liabilities | $32,343,975 |
| Net assets without donor restrictions | $446,180,757 |
| Net assets with donor restrictions | $75,562,951 |
| 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 | $554,087,683 |
Grants Awarded
Over the last fiscal year, Tulsa Community Foundation has awarded $131,368,315 in support to 1,858 organizations.
| Grant Recipient | Amount |
|---|---|
GATHERING PLACE PURPOSE: GENERAL OPERATIONS | $27,874,943 |
GGP PARKS LLC PURPOSE: GENERAL OPERATIONS | $13,595,042 |
GKFF BEST LLC PURPOSE: GENERAL OPERATIONS | $13,500,000 |
Tulsa, OK PURPOSE: GENERAL OPERATIONS | $6,710,240 |
Columbia, MO PURPOSE: GENERAL OPERATIONS | $2,565,100 |
Tulsa, OK PURPOSE: GENERAL OPERATIONS | $2,510,064 |
Grants Recieved
Over the last fiscal year, we have identified 83 grants that Tulsa Community Foundation has recieved totaling $17,473,162.
| Awarding Organization | Amount |
|---|---|
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: VETERAN'S HOSPITAL IN TULSA FUND, TO SUPPORT AN APPLICATION MATCH FOR CHIP-IN | $5,000,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: A GATHERING PLACE FOR TULSA FUND | $1,200,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: ENDING HOMELESSNESS FUND (91-0062-GV-4) | $1,000,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: 1921 TULSA RACE MASSACRE CENTENNIAL COMMISSION CAPITAL CAMPAIGN | $1,000,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: ZARROW HEALTHY MINDS FUND (#91-0062-AL-2), TO SUPPORT CONTINUED COLLABORATION WITH TRIWEST CONSULTANTS | $850,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: HUNGER FREE OKLAHOMA, FOR CORE OPERATING SUPPORT | $830,000 |
Endowment Analysis
| Beg. Balance | $1,381,647 |
| Earnings | $289,615 |
| Admin Expense | $5,985 |
| Other Expense | $75,312 |
| Ending Balance | $1,589,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Kansas City Community Foundation Kansas City, MO | $2,031,283,294 | $372,296,655 |
Tulsa Community Foundation Tulsa, OK | $554,087,683 | $164,263,183 |
Communities Foundation Of Texas Dallas, TX | $722,475,684 | $206,780,551 |
Greater Houston Community Foundation Houston, TX | $738,068,563 | $205,503,819 |
Northeast Arkansas Clinic Char Foundation Inc Jonesboro, AR | $24,103,701 | $92,884,472 |
Denver Foundation Denver, CO | $852,362,353 | $146,305,774 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $306,692,518 | $97,887,988 |
St Louis Community Foundation Incorporated St Louis, MO | $404,378,232 | $92,826,893 |
Christian Community Foundation Inc Colorado Springs, CO | $312,024,471 | $137,774,056 |
Community First Foundation Arvada, CO | $454,604,459 | $83,094,542 |
Arkansas Community Foundation Inc Little Rock, AR | $423,064,038 | $36,585,354 |
Austin Community Foundation Austin, TX | $299,194,596 | $73,533,997 |