Drake Gungoll Foundation
- Assets
- $1.4m
- Revenue
- $132.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 07/2007
- Data as of
- 12/2021
- 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 12/2021, Drake Gungoll Foundation generated $132.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $88.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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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 | $47,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,145 |
| Capital Gain Net Income | $84,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,368 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,043 |
| Contributions, gifts, grants paid | $74,000 |
| Total expenses and disbursements | $88,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,355 |
| 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 | $1,220,579 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,374,934 |
| 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 $74,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL CONTRIBUTION | $10,000 |
JUNIOR LEAGUE OF OKLAHOMA CITY PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Oklahoma City, OK PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Oklahoma City, OK PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Nichols Hills, OK PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Oklahoma City, OK PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |