Broadhurst Foundation
- Assets
- $3.5m
- Revenue
- $1.0m
- Investments
- $2.7m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 01/1954
- Data as of
- 12/2023
- EIN
- 73-6061115
Organization Overview
Broadhurst Foundation is located in Tulsa, OK. The organization was established in 1954. 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. Broadhurst 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, Broadhurst Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $768.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Broadhurst Foundation has awarded 216 individual grants totaling $3,718,902. 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 BROADHURST FOUNDATION IN 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 50% OF HER TIME ADMINISTERING INVESTMENTS, AND 50% ANSWERING CORRESPONDENCE, AND INVESTIGATING INSTITUTIONS THAT REQUEST FUNDING. THEREFORE, 50% OF RELATED EXPENSES HAVE BEEN ALLOCATED TO GRANT-MAKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann S Cassidy Chairman | 40 | $55,000 | |
Cadijah Frizzell Trustee | 0 | $0 | |
Kelsey B Baker Trustee | 0 | $0 | |
R Patrick Gilmore Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $203 |
| Dividends & Interest | $64,578 |
| Net Rental Income | $219,691 |
| Net Gain on Sale of Assets | $485,038 |
| Capital Gain Net Income | $485,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $106,456 |
| Total Revenue | $1,029,627 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $55,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $811 |
| Taxes | $27,460 |
| Depreciation | $13,566 |
| Occupancy | $8,700 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $261,941 |
| Total operating and administrative expenses | $401,780 |
| Contributions, gifts, grants paid | $366,900 |
| Total expenses and disbursements | $768,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,157 |
| Savings and temporary cash investments | $7,728 |
| 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 | $720,922 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,707 |
| Net Land, buildings, and equipment | $1,934 |
| Other assets | $17,401 |
| Total assets | $3,471,644 |
| Accounts payable and accrued expenses | $1,131 |
| 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 | $14,977 |
| Total liabilities | $16,108 |
Grants Awarded
Over the last fiscal year, Broadhurst Foundation has awarded $366,900 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE TULSA PURPOSE: YOUTH CHRISTIAN MINISTRY | $2,400 |
MEALS ON WHEELS PURPOSE: PROVIDE MEALS TO HOME-BOUND ELDERLY | $1,200 |
TULSA CARES PURPOSE: PROGRAMS AND SERVICES FOR PEOPLE AFFECTED BY HIV & HCV | $10,000 |
TULSA BOTANIC GARDEN PURPOSE: PROMOTE THE BEAUTY AND IMPORTANCE OF PLANTS AND NATURE TO CREATE A MORE SUSTAINABLE AND HARMONIOUS WORLD, 2023 CONSERVATION | $75,800 |
TULSA BALLET PURPOSE: PROMOTE APPRECIATION OF CONTEMPORARY DANCE, AND EDUCATE THROUGH TRAINING AND OUTREACH PROGRAMS | $10,000 |
BOSTON AVENUE UNITED METHODIST CHUR PURPOSE: SMILES OF FAITH PLEDGE | $30,000 |