Drake Gungoll Foundation
- Assets
- $1.3m
- Revenue
- $24.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 26-0204830
Organization Overview
Drake Gungoll Foundation is located in Oklahoma City, OK. The organization was established in 2007. 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. Drake Gungoll 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 12/2022, Drake Gungoll Foundation generated $24.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $92.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Drake Gungoll Foundation has awarded 34 individual grants totaling $152,743. 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 |
|---|---|---|---|
Carole J Drake Director & President | 0 | $0 | |
Ramsey W Drake II Secretary | 0 | $0 | |
Rachael Weber Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,314 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,651 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,444 |
| Contributions, gifts, grants paid | $78,743 |
| Total expenses and disbursements | $92,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $178,712 |
| 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 | $1,128,698 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,307,410 |
| 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, Drake Gungoll Foundation has awarded $78,743 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL CONTRIBUTION | $1,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL CONTRIBUTION | $1,000 |
AMERICAN DIABETES ASSOCIATION INC PURPOSE: GENERAL CONTRIBUTION | $1,000 |
BOYS & GIRLS CLUB OF OKLAHOMA COUNTY INC PURPOSE: GENERAL CONTRIBUTION | $7,500 |
CASADY SCHOOL PURPOSE: GENERAL CONTRIBUTION | $10,000 |
CENTRAL OKLAHOMA HABITAT FOR HUMANITY PURPOSE: GENERAL CONTRIBUTION | $1,000 |