Craig Foundation
- Assets
- $1.9m
- Revenue
- $149.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- El Reno, OK
- Founding
- 08/1997
- Data as of
- 12/2020
- EIN
- 31-1591646
Organization Overview
Craig Foundation is located in El Reno, OK. The organization was established in 1997. 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. Craig 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 12/2020, Craig Foundation generated $149.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $273.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Craig Foundation has awarded 21 individual grants totaling $200,487. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS FOUNDATION WAS CREATED EXCLUSIVELY TO PROVIDE FINANCIAL ASSISTANCE FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.
THE PREVENTION OF CRUELTY TO ANIMALS OR CHILDREN WITHIN THE UNITED STATES OR ITS POSSESSIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Jayne Craig Treasurer | 25 | $54,000 | |
Michael Thomas Craig Chairman | 25 | $54,000 | |
Chad Craig Trustee | 2 | $6,000 | |
Becky Craig Trustee | 2 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,006 |
| Dividends & Interest | $46,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $93,071 |
| Capital Gain Net Income | $93,071 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,306 |
| Total Revenue | $149,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,667 |
| Depreciation | $451 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,743 |
| Total operating and administrative expenses | $212,296 |
| Contributions, gifts, grants paid | $60,973 |
| Total expenses and disbursements | $273,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,788 |
| Savings and temporary cash investments | $54,965 |
| Net Accounts receivable | $12,589 |
| 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 | $1,108 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,936,485 |
| 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 | $18,062 |
| Total liabilities | $18,062 |
Grants Awarded
Over the last fiscal year, Craig Foundation has awarded $60,973 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
EL RENO SCHOOL PURPOSE: GENERAL | $23,023 |
OKLAHOMA STATE FFA PURPOSE: GENERAL | $20,500 |
Chickasha, OK PURPOSE: GENERAL | $7,000 |
SACRED HEART PARISH EL RENO PURPOSE: GENERAL | $5,000 |
Lawton, OK PURPOSE: GENERAL | $2,500 |
PETS & PEOPLE HUMANE SOCIETY PURPOSE: GENERAL | $1,750 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Craig Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Quality Living Inc Omaha, NE PURPOSE: GENERAL PURPOSES | $5,000 |
Quality Living Inc Omaha, NE PURPOSE: GENERAL PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |