Kathleen S Craft Foundation
- Assets
- $94.6m
- Revenue
- $6.5m
- Investments
- $16.7m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/2013
- Data as of
- 12/2020
- EIN
- 45-5153443
Organization Overview
Kathleen S Craft Foundation is located in Tulsa, OK. The organization was established in 2013. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kathleen S Craft 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, Kathleen S Craft Foundation generated $6.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $6.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kathleen S Craft Foundation has awarded 121 individual grants totaling $22,667,621. 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
THE KATHLEEN S CRAFT FOUNDATION IS A NON-OPERATING PRIVATE FOUNDATION WHICH MAKES GIFTS TO CHARITABLE ORGANIZATIONS. THE FOUNDATION DOES NOT OPERATE ANY FACILITY OR INSTITUTION UNDERTAKING A CHARITABLE, EDUCATIONAL, OR RELIGIOUS ENDEAVOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Craft Mowry Director | 5 | $0 | |
Mark C Fiddes Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $467,374 |
| Net Rental Income | $120,000 |
| Net Gain on Sale of Assets | $729,953 |
| Capital Gain Net Income | $181,366 |
| Net ST Capital Gain | $48,514 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,170,529 |
| Total Revenue | $6,487,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,190 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,091,184 |
| Total operating and administrative expenses | $5,201,374 |
| Contributions, gifts, grants paid | $1,350,541 |
| Total expenses and disbursements | $6,551,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,804,618 |
| 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 | $33,106,040 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,716,339 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $94,596,287 |
| 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, Kathleen S Craft Foundation has awarded $1,000,344 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSOVER PREP PURPOSE: CHARITABLE | $1,000,000 |
PASSTHROUGH FROM K-1'S PURPOSE: CHARITABLE | $344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Citizens Foundation Usa Houston, TX | $7,765,514 | $19,916,524 |
Morgans Wonderland Inclusion Foundation San Antonio, TX | $24,438,940 | $21,840,113 |
Furniture Bank Houston, TX | $4,044,380 | $6,546,446 |
Scanlan Foundation Houston, TX | $209,874,637 | $6,584,694 |
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
White Cake Family Foundation Dallas, TX | $42,767,869 | $3,380,103 |
Charitable Properties Inc Mesquite, TX | $0 | $4,302,892 |
Bp Foundation Inc Houston, TX | $4,050,119 | $6,036,214 |
Soonae Foundation Burnet, TX | $2,322,115 | $4,666,451 |
Joy To The World Foundation Colorado Springs, CO | $19,682,188 | $4,242,361 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Green Beret Foundation San Antonio, TX | $4,813,026 | $3,422,970 |