Herman P & Sophia Taubman Foundation
- Assets
- $2.4m
- Revenue
- $1.6m
- Investments
- $1.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 08/1957
- Data as of
- 12/2021
- EIN
- 73-6092820
Organization Overview
Herman P & Sophia Taubman Foundation is located in Tulsa, OK. The organization was established in 1957. 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. Herman P & Sophia Taubman 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, Herman P & Sophia Taubman Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 44.6% 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 2019, Herman P & Sophia Taubman Foundation has awarded 61 individual grants totaling $6,344,185. 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 |
|---|---|---|---|
Bank Of Oklahoma Agent | 10 | $15,546 | |
H Perry Taubman Trustee | 0.5 | $0 | |
Anne C Taubman Trustee | 0.5 | $0 | |
Hillary L Taubman Trustee | 0.5 | $0 | |
Lawrence Taubman Trustee | 0.5 | $0 | |
Kaaren Shalom Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $76,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,514,291 |
| Capital Gain Net Income | $1,514,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,381 |
| Total Revenue | $1,601,049 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,546 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $572 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,570 |
| Total operating and administrative expenses | $65,717 |
| Contributions, gifts, grants paid | $2,218,600 |
| Total expenses and disbursements | $2,284,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $489,959 |
| 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 | $666 |
| Net Land, buildings, and equipment | $7,501 |
| Other assets | $0 |
| Total assets | $2,429,322 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Herman P & Sophia Taubman Foundation has awarded $2,218,600 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CHARITABLE PURPOSES | $500,000 |
La Jolla, CA PURPOSE: EDUCATIONAL PURPOSES | $420,000 |
Atlanta, GA PURPOSE: EDUCATIONAL PURPOSES | $375,000 |
NEW SEED FOUNDATION PURPOSE: CHARITABLE PURPOSES | $175,000 |
Seattle, WA PURPOSE: CHARITABLE PURPOSES | $125,000 |
Seattle, WA PURPOSE: CHARITABLE PURPOSES | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |