Ok Foundation
- Assets
- $4.8m
- Revenue
- $645.5k
- Investments
- $508.9k
- Employees
- 1
- Location
- Salt Lake City, UT
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 87-0643214
Organization Overview
Ok Foundation is located in Salt Lake City, UT. The organization was established in 2001. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. OK 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, OK Foundation generated $645.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, OK Foundation has awarded 77 individual grants totaling $4,325,329. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE NEEDS OF THE WHOLE CHILD, INCLUDING EDUCATION, SAFETY, ENVIRONMENT, HEALTH, AND WELL-BEING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OK FOUNDATION IMPROVES THE LIVES OF CHILDREN BY SUPPORTING A RESEARCHED COMMUNITY OF CHARITIES SERVING THE MOST IMPORTANT ISSUES FACING KIDS.
OK FOUNDATION IMPROVES THE LIVES OF CHILDREN BY SUPPORTING A RESEARCHED COMMUNITY OF CHARITIES SERVING THE MOST IMPORTANT ISSUES FACING KIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Webb Executive Di | Officer | 40 | $182,250 |
Dennis Webb Board Chair | Trustee | 5 | $0 |
Sombo Chunda Board Member | Trustee | 1 | $0 |
Ron Gunnell Board Member | Trustee | 1 | $0 |
Steve Farrell Board Member | Trustee | 1 | $0 |
Jan Robbins Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,812 |
| Total Program Service Revenue | $0 |
| Investment income | $184,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6 |
| Net Rental Income | -$1,324 |
| Net Gain/Loss on Asset Sales | $248,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,498 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $673,846 |
| Grants and other assistance to domestic individuals. | $19,959 |
| Grants and other assistance to Foreign Orgs/Individuals | $61,530 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $182,250 |
| Compensation of current officers, directors, key employees. | $9,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,166 |
| Payroll taxes | $26,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $7,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $105 |
| Fees for services: Other | $146,420 |
| Advertising and promotion | $0 |
| Office expenses | $5,145 |
| Information technology | $1,238 |
| Royalties | $0 |
| Occupancy | $17,460 |
| Travel | $26,164 |
| 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 | $9,346 |
| All other expenses | $420 |
| Total functional expenses | $1,204,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,177 |
| Savings and temporary cash investments | $114,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,121,291 |
| Investments—other securities | $508,864 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,818,165 |
| Accounts payable and accrued expenses | $23,699 |
| 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 | $0 |
| Total liabilities | $23,699 |
| Net assets without donor restrictions | $4,794,466 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,818,165 |
Grants Awarded
Over the last fiscal year, Ok Foundation has awarded $626,203 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ELEVATE MEXICO LENDING PURPOSE: GENERAL SUPPORT | $203,750 |
UPSTREAM CINEMA PROJECT PURPOSE: GENERAL SUPPORT | $150,000 |
Farmington, UT PURPOSE: GENERAL SUPPORT | $144,000 |
HAMILTON PRODUCTIONS PURPOSE: GENERAL SUPPORT | $56,617 |
RED FRED PROJECT PURPOSE: GENERAL SUPPORT | $40,983 |
MALDONADO RELIEF FUND PURPOSE: GENERAL SUPPORT | $13,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ok Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Utah Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Teammates For Kids Foundation Denver, CO | $83,190,071 | $4,700,598 |
Advantage Services Inc Salt Lake City, UT | $843,736 | $2,788,376 |
Indygive Colorado Springs, CO | $121,334 | $1,846,981 |
Optometry Giving Sight Golden, CO | $2,784,890 | $1,767,795 |
David S And Norma R Lewis Foundation Tucson, AZ | $3,952,273 | $380,765 |
Colorado Open Golf Foundation Denver, CO | $3,987,949 | $1,603,447 |
Ok Foundation Salt Lake City, UT | $4,818,165 | $645,498 |
Isa Foundation Gilbert, AZ | $705,543 | $701,098 |
Safe Nest Foundation Inc Las Vegas, NV | $559,089 | $1,363,429 |
St Vincent De Paul Society St Andrews Conference Of Sierra Vista Sierra Vista, AZ | $385,052 | $1,048,417 |
House Of Life And Hope Inc Nogales, AZ | $999,838 | $953,291 |