Abby Tarr Glenn C Shaw Foundation
- Assets
- $809.7k
- Revenue
- $60.7k
- Investments
- $792.2k
- Employees
- 0
- Location
- Drumright, OK
- Founding
- 08/1976
- Data as of
- 12/2022
- EIN
- 51-0141334
Organization Overview
Abby Tarr Glenn C Shaw Foundation is located in Drumright, OK. The organization was established in 1976. 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. Abby Tarr Glenn C Shaw 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, Abby Tarr Glenn C Shaw Foundation generated $60.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $55.5k during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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 2015, Abby Tarr Glenn C Shaw Foundation has awarded 61 individual grants totaling $302,670. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PART XV, ITEM 3
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Watson Director | 4 | $3,250 | |
D A Watson Director | 4 | $3,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5 |
| Dividends & Interest | $42,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,828 |
| Total Revenue | $60,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,595 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,946 |
| Total operating and administrative expenses | $16,941 |
| Contributions, gifts, grants paid | $38,590 |
| Total expenses and disbursements | $55,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,587 |
| 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 | $792,157 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $809,744 |
| 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, Abby Tarr Glenn C Shaw Foundation has awarded $38,590 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DRUMRIGHT FIRE DEPT PURPOSE: CHARITABLE GIFT | $240 |
DRUMRIGHT MEM HOSPITAL FOUND PURPOSE: CHARITABLE GIFT | $36,000 |
FIRST UNITED METHODIST CHURCH PURPOSE: CHARITABLE GIFT | $1,000 |
DRUMRIGHT HISTORICAL SOCIETY PURPOSE: CHARITABLE GIFT | $250 |
CENTRAL VO-TECH SCHOLARSHIP FD PURPOSE: CHARITABLE GIFT | $400 |
SHAMROCK BAPTIST CHURCH PURPOSE: CHARITABLE GIFT | $500 |