Tulsa Kiwanis Club Foundation Inc
- Assets
- $1.5m
- Revenue
- $20.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 05/1961
- Data as of
- 09/2023
- EIN
- 73-6107011
Organization Overview
Tulsa Kiwanis Club Foundation Inc is located in Tulsa, OK. The organization was established in 1961. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Tulsa Kiwanis Club 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 09/2023, Tulsa Kiwanis Club Foundation Inc generated $20.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $72.8k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT CHILDREN AND CHILDREN'S SUPPORT GROUPS AND PROVIDING COLLEGE SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND COLLEGE UNDERGRADUATES WHO WERE ACTIVE IN THEIR SCHOOL'S KEY CLUB OR CIRCLE K INTERNATIONAL CLUB.
THE FOUNDATION PROVIDED A CHRISTMAS PARTY, INCLUDING DINNER, ENTERTAINMENT, AND GIFTS, FOR APPROXIMATELY 100 UNDERPRIVILEGED ELEMENTARY SCHOOL CHILDREN AND THEIR FAMILIES.
THE FOUNDATION MADE GRANTS TO TULSA YOUTHWORKS, SPECIAL OLYMPICS, COMMUNITY FOOD BANK OF EASTERN OKLAHOMA AND INDIAN NATIONS COUNCIL BSA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Meinders Director & President | OfficerTrustee | 2 | $0 |
Barry Wilson Director & President-Elect | OfficerTrustee | 1 | $0 |
Roger Herring Director & First Vice President | OfficerTrustee | 1 | $0 |
John Sanford Director & Immediate Past President | OfficerTrustee | 1 | $0 |
Bob Young Director & Treasurer | OfficerTrustee | 1 | $0 |
John Sherman Director & Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,561 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,047 |
| Total Program Service Revenue | $0 |
| Investment income | $44,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,808 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,143 |
| Grants and other assistance to domestic individuals. | $22,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,685 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $72,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,253,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,501,276 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $40,833 |
| Total liabilities | $40,833 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,460,443 |
| Total liabilities and net assets/fund balances | $1,501,276 |
Grants Awarded
Over the last fiscal year, Tulsa Kiwanis Club Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE SO THAT SPECIAL NEEDS INDIVIDUALS IN OKLAHOMA CAN TAKE ADVANTAGE OF THE HEALTH AND EMOTIONAL BENEFITS OF PARTICIPATING IN SPORTS. | $10,000 |
TULSA CORNERSTONE ASSISTANCE NETWORK (YOUTHWORKS) PURPOSE: TO SPONSOR THE BUILDING OF A MULTIPONIC GREENHOUSE WHICH WILL EMPOWER NORTH TULSA CHILDREN TO GROW FRUITS AND VEGETABLES TO TRANSFORM THE HEALTH OF THEIR COMMUNITY. | $10,000 |
COMMUNITY FOOD BANK OF EASTERN OKLAHOMA PURPOSE: TO FEED THE HUNGRY OF EASTERN OKLAHOMA. | $10,000 |