Owasso Outreach Foundation
- Assets
- $915.4k
- Revenue
- $61.4k
- Investments
- $915.4k
- Employees
- 0
- Location
- Owasso, OK
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-5853758
Organization Overview
Owasso Outreach Foundation is located in Owasso, OK. The organization was established in 2007. 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. Owasso Outreach 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, Owasso Outreach Foundation generated $61.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $213.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Owasso Outreach Foundation has awarded 44 individual grants totaling $2,813,300. 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 |
|---|---|---|---|
Randolph S Baskins Trustee | 5 | $0 | |
William R Thomas Trustee | 5 | $0 | |
Steven E Baskins Trustee | 5 | $0 | |
Gary W Johnson Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,421 |
| Dividends & Interest | $26,606 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,393 |
| Capital Gain Net Income | $18,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,420 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,277 |
| Total operating and administrative expenses | $9,822 |
| Contributions, gifts, grants paid | $203,500 |
| Total expenses and disbursements | $213,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $136,464 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $915,366 |
| 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, Owasso Outreach Foundation has awarded $203,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BBFI MISSIONS OFFICE PURPOSE: CHRISTIAN MISSION | $66,500 |
VAPOR INTERNATIONAL PURPOSE: CHRISTIAN MISSION | $45,000 |
FAITH JOURNEY CHURCH PURPOSE: CHRISTIAN MISSION | $6,500 |
BAPTIST BIBLE COLLEGE PURPOSE: CHRISTIAN MISSION | $35,500 |
FRIENDSHIP BAPTIST CHURCH PURPOSE: CHRISTIAN MISSION | $50,000 |