Oklahoma Bar Foundation Inc
- Assets
- $17.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Oklahoma City, OK
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 73-0710244
Organization Overview
Oklahoma Bar Foundation Inc is located in Oklahoma City, OK. The organization was established in 2019. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Oklahoma Bar Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Bar Foundation Inc 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, Oklahoma Bar Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 10.3% 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 2014, Oklahoma Bar Foundation Inc has awarded 310 individual grants totaling $8,192,267. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OKLAHOMA BAR FOUNDATION PROVIDES ANNUAL FUNDING THROUGH GRANTS TO PROMOTE THE ADVANCEMENT OF JUSTICE, TO PROVIDE CRITICAL CIVIL LEGAL SERVICES TO THOSE IN NEED, AND TO INCREASE PUBLIC AWARENESS AND UNDERSTANDING OF THE AMERICAN LEGAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBF LEGAL SERVICES GRANTSTHE OBF PROVIDES ANNUAL GRANT FUNDS TO NON-PROFIT ORGANIZATIONS IN OKLAHOMA THAT FURNISH CIVIL LEGAL AID AND ADVOCACY SERVICES TO OKLAHOMANS WHO WOULD OTHERWISE NOT BE ABLE TO AFFORD THESE CRITICAL SERVICES. THIS FUNDING HELPS ENSURE THAT JUSTICE IS POSSIBLE FOR ALL OKLAHOMA CHILDREN, SENIORS, VETERANS, VICTIMS OF DOMESTIC VIOLENCE AND OTHER INDIVIDUALS WHO ARE IN NEED OF SUCH SERVICES. ANNUAL GRANTS ARE ALSO AWARDED TO NON-PROFITS THAT PROVIDE LAW-RELATED EDUCATION PROGRAMS TO OKLAHOMANS, INCLUDING STUDENTS FROM GRADE SCHOOL THROUGH HIGH SCHOOL. IN 2022, THE OBF AWARDED GRANTS TO 37 SEPARATE ORGANIZATIONS TO PROVIDE CIVIL LEGAL AID SERVICES AND LAW RELATED EDUCATION PROGRAMS TO OKLAHOMA CITIZENS. IT IS ESTIMATED THAT SOME 100,000 INDIVIDUALS/FAMILIES RECEIVED LAW-RELATED SERVICES.
IN 2022, THE OBF APPROVED 5 COURT REPORTER GRANTS IN THE AMOUNT OF $15,000 EACH TO KEVIN C WILMETH, DESARAY D. MARTIN, ROBERTA L. JOHNSON, AMY SHERRICK, AND BETHANY DEGARMO TO WORK IN RURAL OKLAHOMA COUNTIES FOR 3 YEARS. ALSO, 1 EMERGENCY GRANT IN THE AMOUNT OF $5,000 WAS MADE TO OKLAHOMA GUARDIAN AD LITEM INSTITUTE TO HELP WITH VOCA GRANT CUTS.
OBF COURT GRANTSTHE OBF PROVIDES ANNUAL GRANT FUNDS TO DISTRICT AND APPELLATE COURTS ACROSS THE STATE TO HELP ADVANCE AND IMPROVE THE ADMINISTRATION OF JUSTICE BY UPDATING AND IMPROVING COURTROOM TECHNOLOGY, WHICH WOULD PROBABLY NOT OCCUR IF NOT FOR OBF FUNDING. IN 2022, THE OBF AWARDED GRANTS TO 7 DIFFERENT OKLAHOMA DISTRICT COURTS TO FUND COURT ROOM TECHNOLOGY TOOLS SUCH AS SMARTBOARDS FOR USE BY COURT ADMINISTRATORS AND LITIGANTS.
IN 2022, THE OBF APPROVED GRANTS IN THE AMOUNT OF $207,500 TO 6 DIFFERENT NON-PROFIT ORGANIZATIONS AND PROGRAMS ACROSS THE STATE OF OKLAHOMA TO PROVIDE LEGAL SERVICE AID TO LOW INCOME POPULATIONS IN THE AREAS OF COMMUNITY REDEVELOPMENT AND MORTGAGE FORECLOSURE DEFENSE. THE GRANTS WERE FUNDED BY DISTRIBUTIONS MADE PURSUANT TO A GLOBAL SETTLEMENT AGREEMENT OF SEVERAL LAWSUITS BROUGHT BY THE US DEPARTMENT OF JUSTICE AGAINST ENTITIES WHO ALLEGEDLY COMMITTED ACTS THAT CONTRIBUTED TO THE 2008 HOUSING MARKET FINANCIAL COLLAPSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Couch President | OfficerTrustee | 8 | $0 |
Judge Deanna Hartley-Kelso President Elect | OfficerTrustee | 8 | $0 |
Allen L Huston Vice President | OfficerTrustee | 8 | $0 |
Jim Dowell Secretary | OfficerTrustee | 1 | $0 |
M Courtney Briggs Treasurer | OfficerTrustee | 1 | $0 |
Jeff Trevillion Jr Past President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $83,264 |
| Fundraising events | $55,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $957,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,096,149 |
| Total Program Service Revenue | $0 |
| Investment income | $354,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,589 |
| Net Income from Fundraising Events | -$47,645 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,477,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,104,491 |
| Grants and other assistance to domestic individuals. | $129,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $191,498 |
| Compensation of current officers, directors, key employees. | $93,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,529 |
| Pension plan accruals and contributions | $20,195 |
| Other employee benefits | $25,291 |
| Payroll taxes | $24,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,160 |
| Fees for services: Other | $1,247 |
| Advertising and promotion | $5,781 |
| Office expenses | $21,508 |
| Information technology | $23,860 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,929 |
| All other expenses | $314 |
| Total functional expenses | $1,844,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,887 |
| Savings and temporary cash investments | $986,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,952 |
| Net Land, buildings, and equipment | $13,625 |
| Investments—publicly traded securities | $16,191,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,034 |
| Total assets | $17,257,093 |
| Accounts payable and accrued expenses | $6,759 |
| Grants payable | $22,870 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,629 |
| Net assets without donor restrictions | $9,188,077 |
| Net assets with donor restrictions | $8,039,387 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,257,093 |
Grants Awarded
Over the last fiscal year, Oklahoma Bar Foundation Inc has awarded $1,056,992 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CANADIAN COUNTY CASA PURPOSE: COURT ADVOCATES | $15,000 |
CASA FOR KIDS INC PURPOSE: COURT ADVOCATES | $7,500 |
CASA OF NE OKLAHOMA INC PURPOSE: COURT ADVOCATES | $10,000 |
CASA OF OKLAHOMA COUNTY PURPOSE: COURT ADVOCATES | $15,000 |
CASA OF SOUTHERN OKLAHOMA INC PURPOSE: COURT ADVOCATES | $15,000 |
CASA OF WESTERN OKLAHOMA PURPOSE: COURT ADVOCATES | $15,000 |