Sarkeys Foundation
- Assets
- $108.4m
- Revenue
- $6.8m
- Investments
- $104.8m
- Employees
- 0
- Location
- Norman, OK
- Founding
- 08/1964
- Data as of
- 11/2023
- EIN
- 73-0736496
Organization Overview
Sarkeys Foundation is located in Norman, OK. The organization was established in 1964. 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. Sarkeys 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 11/2023, Sarkeys Foundation generated $6.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $6.1m during the year ending 11/2023. While expenses have increased by 6.7% per year over the past 4 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 2021, Sarkeys Foundation has awarded 439 individual grants totaling $20,849,681. 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
SOUTHWEST REGIONAL LEARDERSHIP FORUM EXPENSESIN NOVEMBER 2023, THE SOUTHWEST REGIONAL LEADERSHIP FORUM FOR NONPROFIT ORGANIZATIONS, BOARDS, COMMUNITY LEADERS AND VOLUNTEERS, WAS HOSTED BY THE FOUNDATION. THE FORUM OFFERED TOPICS IN LEADERSHIP COVERING SUCH SPECIALIZED AREAS AS RISK MANAGEMENT, BOARD ROLES AND RESPONSIBILITIES, ETHICAL PRACTICES, DEVELOPMENT AND FUNDRAISING, PUBLIC RELATIONS, AND STRATEGIC PLANNING. OVER 500 REGISTRANTS, PRESENTERS AND VOLUNTEERS PARTICIPATED IN THE TWO-DAY CONFERENCE.
CONFERENCE CENTER EXPENSESTHE FOUNDATION'S MEETING CENTER, IN ADDITION TO HOLDING TRAINING SEMINARS AND WORKSHOPS, IS AVAILABLE FOR USE BY NONPROFIT ORGANIZATIONS FOR MEETING SPACE. STATE-OF-THE-ART AUDIO-VISUAL EQUIPMENT IS AVAILABLE TO USERS OF THE MEETING CENTER. THE FOUNDATION'S NONPROFIT LIBRARY IS ALSO AVAILABLE FOR RESEARCH OR TO HOLD EVENTS FOR SMALLER GROUPS.
DIRECT CHARITABLE ACTIVITIES TO SUPPORT LOCAL NONPROFITSPROPERTY EXPENSES AND UPKEEP OF OFFICES PLUS MINOR FURNITURE AND FIXTURES AND SUPPLIES TO ASSIST NONPROFIT ORGANIZATIONS, PROVIDING OFFICE SPACE, AND A MEETING CENTER TO PUBLIC CHARITIES. A MULTI-YEAR LEASE AGREEMENT WAS RENEWED WITH BIG BROTHERS/BIG SISTERS OF CLEVELAND COUNTY AND MEALS ON WHEELS FOR OFFICE SPACE AT BELOW MARKET COST. THE SARKEYS STAFF ALSO PROVIDES OUTREACH SERVICES BY CONDUCTING NONPROFIT BOARD TRAININGS, FACILITATING BOARD RETREATS, AND HOSTING GRANT WRITING WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Henry Executive Director | 40 | $219,834 | |
Dr John Bell Trustee | 1 | $16,000 | |
Dan Little President | 1 | $16,000 | |
Terry West Vice President | 1 | $15,000 | |
Teresa Adwan Secretary/treasurer/trustee | 1 | $15,000 | |
Marilyn Morris Trustee | 1 | $16,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sellwood Consulting Llc | 11/29/21 | $89,385 |
Jennison Associates | 11/29/21 | $61,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $438,771 |
| Dividends & Interest | $2,289,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,916,568 |
| Capital Gain Net Income | $4,344,331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $115,935 |
| Total Revenue | $6,761,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $311,973 |
| Other employee salaries and wages | $459,405 |
| Pension plans, employee benefits | $108,734 |
| Interest | $0 |
| Taxes | $160,355 |
| Depreciation | $85,825 |
| Occupancy | $63,174 |
| Travel, conferences, and meetings | $43,760 |
| Printing and publications | $11,506 |
| Other expenses | $453,292 |
| Total operating and administrative expenses | $2,301,722 |
| Contributions, gifts, grants paid | $3,762,489 |
| Total expenses and disbursements | $6,064,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,939 |
| Savings and temporary cash investments | $1,567,733 |
| Net Accounts receivable | $34,382 |
| 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 | $16,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $16,739,836 |
| Net Land, buildings, and equipment | $1,612,080 |
| Other assets | $59,327 |
| Total assets | $108,417,910 |
| Accounts payable and accrued expenses | $53,471 |
| Grants payable | $2,106,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,801 |
| Total liabilities | $2,176,772 |
Grants Awarded
Over the last fiscal year, Sarkeys Foundation has awarded $5,377,989 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
A CHANCE TO CHANGE FOUNDATION PURPOSE: A CHANCE TO CHANGE COMMUNITY PROGRAMS | $25,000 |
1ST STEP MALE DIVERSION PROGRAM INC PURPOSE: GENERAL OPERATING FUNDS | $25,000 |
A NEW LEAF INC PURPOSE: COMPREHENSIVE WORKFORCE DEVELOPMENT PLAN | $20,000 |
ANNA'S HOUSE FOUNDATION PURPOSE: ANNA'S HOUSE FOUNDATION COUNSELING PROGRAM | $40,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: HOPE LODGE OKLAHOMA OPERATIONAL FUNDS | $50,000 |
BOYS & GIRLS CLUB OF BARTLESVILLE PURPOSE: BOYS & GIRLS CLUB OF DEWEY | $50,000 |