Mckown Family Foundation Inc
- Assets
- $483.1k
- Revenue
- $117.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 73-1594602
Organization Overview
Mckown Family Foundation Inc is located in Norman, OK. The organization was established in 2000. 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. Mckown Family Foundation Inc 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, Mckown Family Foundation Inc generated $117.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $102.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mckown Family Foundation Inc has awarded 269 individual grants totaling $441,430. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Mckown Director | 0 | $0 | |
Vernon Mckown Director | 0 | $0 | |
S Jaree Stambeck Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $48,634 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $117,893 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,353 |
| Taxes | $500 |
| Depreciation | $19,109 |
| Occupancy | $7,501 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,101 |
| Total operating and administrative expenses | $45,414 |
| Contributions, gifts, grants paid | $56,900 |
| Total expenses and disbursements | $102,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,035 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $407,075 |
| Other assets | $0 |
| Total assets | $483,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $11,518 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $39,500 |
| Total liabilities | $52,518 |
Grants Awarded
Over the last fiscal year, Mckown Family Foundation Inc has awarded $56,900 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
KALIN WINKLER PURPOSE: EDUCATIONAL SCHOLARSHIP | $4,000 |
BRYCE HENDRICK PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,200 |
JACI DEITRICK PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,200 |
LOGAN EVANS PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,900 |
MILES REX PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,900 |
BLAKE SANDERS PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |