Genave K Rogers Charitable Tr
- Assets
- $13.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mounds, OK
- Founding
- 07/2012
- Data as of
- 12/2023
- EIN
- 27-6040942
Organization Overview
Genave K Rogers Charitable Tr is located in Mounds, OK. The organization was established in 2012. 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. Genave K Rogers Charitable Tr 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, Genave K Rogers Charitable Tr generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Genave K Rogers Charitable Tr has awarded 156 individual grants totaling $7,500,800. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Bacon Trustee | 40 | $133,711 | |
Will King Trustee | 1 | $13,500 | |
Sharon King Trustee | 1 | $13,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $100,453 |
| Dividends & Interest | $394,899 |
| Net Rental Income | $59,796 |
| Net Gain on Sale of Assets | -$108,694 |
| Capital Gain Net Income | $20,605 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $695,121 |
| Total Revenue | $1,141,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,711 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106,267 |
| Depreciation | $47,904 |
| Occupancy | $11,751 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,223 |
| Total operating and administrative expenses | $462,718 |
| Contributions, gifts, grants paid | $875,000 |
| Total expenses and disbursements | $1,337,718 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,104,341 |
| Total assets | $13,104,341 |
| 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, Genave K Rogers Charitable Tr has awarded $875,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW LEAF INC PURPOSE: EDUCATIONAL | $50,000 |
BIG BROTHERS BIG SISTERS PURPOSE: EDUCATIONAL | $10,000 |
EDUCATION FOR SCHOLARS PURPOSE: EDUCATIONAL | $10,000 |
A NEW LEAF INC PURPOSE: EDUCATIONAL | $250,000 |
DREXEL ACADEMY PURPOSE: EDUCATIONAL | $25,000 |
BRISTOW EDUCATION FOUNDATION PURPOSE: EDUCATIONAL | $10,000 |