Laura Fields Trust
- Assets
- $2.3m
- Revenue
- $130.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 11/1954
- Data as of
- 06/2021
- EIN
- 73-6095854
Organization Overview
Laura Fields Trust is located in Lawton, OK. The organization was established in 1954. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Laura Fields Trust 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 06/2021, Laura Fields Trust generated $130.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $133.0k during the year ending 06/2021. While expenses have increased by 5.9% 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 2015, Laura Fields Trust has awarded 79 individual grants totaling $586,601. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMERON UNIVERSITY VAL/SAL PROGRAM- PROVIDES A SCHOLARSHIP TO EACH OF THE AREA HIGH SCHOOL'S TOP 2 STUDENTS IF THEY CHOOSE TO ATTEND CAMERON UNIVERSITY. YEARS 2-4 ARE PAID BY THE UNIVERSITY.
PHILLIPS THEOLOGICAL SEMINARY 901 N MINGO RD TULSA, OK 74116
UNITED WAY OF SOUTHWEST OKLAHOMA- SUCCESS BY SIX EARLY CHILDHOOD MOVEMENT TO ENSURE CHILDREN ARE PREPARED FOR SCHOOL.
GREAT PLAINS TECHNOLOGICAL CENTER SCHOLARSHIP FUND TO ASSIST VOCATION STUDENTS WITH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Fountain Manager | 20 | $12,500 | |
George Bridges Trustee | 0.25 | $0 | |
Dr Bryan Cain Trustee | 0.5 | $0 | |
Dr Brian Birdwell Trustee | 0.5 | $0 | |
Taylor Viet Trustee | 0.5 | $0 | |
John Adair Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,389 |
| Interest on Savings | $17,125 |
| Dividends & Interest | $56,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $47,238 |
| Net ST Capital Gain | $397 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,706 |
| Total Revenue | $130,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,083 |
| Depreciation | $0 |
| Occupancy | $6,030 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,905 |
| Total operating and administrative expenses | $44,168 |
| Contributions, gifts, grants paid | $88,798 |
| Total expenses and disbursements | $132,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,364 |
| Net Accounts receivable | $256,605 |
| 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 | $59,402 |
| Investments—mortgage loans | $0 |
| Investments—other | $63,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,254,862 |
| Accounts payable and accrued expenses | $1,450 |
| Grants payable | $24,024 |
| 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 | $25,474 |
Grants Awarded
Over the last fiscal year, Laura Fields Trust has awarded $88,798 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: CLASSROOM ADDITION | $35,200 |
CAMERON UNIVERSITY PURPOSE: VAL/SALSCHOLARSHIPS | $23,250 |
GREAT PLAINS TECH PURPOSE: ANNUAL PLEDGE | $5,000 |
STUDENT LOAN PROGRAM PURPOSE: STUDENT LOANS | $4,000 |
BOY SCOUTS-LAWTON PURPOSE: GENERAL OPERATIONS | $3,816 |
Lawton, OK PURPOSE: GENERAL OPERATIONS | $3,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |