Logan Wright Foundation
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $961.6k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/1976
- Data as of
- 11/2023
- EIN
- 73-0979754
Organization Overview
Logan Wright Foundation is located in Oklahoma City, 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. Logan Wright 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, Logan Wright Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.8% each year . All expenses for the organization totaled $306.5k during the year ending 11/2023. While expenses have increased by 40.6% per year over the past 6 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, Logan Wright Foundation has awarded 172 individual grants totaling $233,016. 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
50% OF THE FOUNDATION'S ADMINISTRATIVE EXPENSES WERE ALLOCATED TO CHARITABLE PURPOSES. THIS ALLOCATION IS BASED UPON THE FONDATION MANAGER'S ESTIMATE OF TIME SPENT ON CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooks Wright President Director | 5.75 | $0 | |
Robert Mcafee Vp/treas Director | 1 | $0 | |
Patricia Wright Secretary Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $95,116 |
| Interest on Savings | $7,336 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,000 |
| Net Gain on Sale of Assets | $1,856,302 |
| Capital Gain Net Income | $1,856,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $45,067 |
| Other Income | $13,285 |
| Total Revenue | $2,020,106 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $34,356 |
| Taxes | $5,408 |
| Depreciation | $74,635 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $95 |
| Printing and publications | $0 |
| Other expenses | $78,080 |
| Total operating and administrative expenses | $202,274 |
| Contributions, gifts, grants paid | $104,253 |
| Total expenses and disbursements | $306,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,580 |
| Savings and temporary cash investments | $627,317 |
| Net Accounts receivable | $1,085,724 |
| 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 | $961,621 |
| Net Land, buildings, and equipment | $166,263 |
| Other assets | $0 |
| Total assets | $2,856,505 |
| 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 | $423,655 |
| Other liabilities | $0 |
| Total liabilities | $423,655 |
Grants Awarded
Over the last fiscal year, Logan Wright Foundation has awarded $104,253 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSINGS COMMUNITY CHRUCH PURPOSE: RELIGIOUS | $4,375 |
UNIVERSITY OF OKLAHOMA FOUNDATION PURPOSE: EDUCATIONAL | $2,500 |
SOUTHWESTERN COLLEGE PURPOSE: ATHLETIC | $430 |
NATIONAL CENTER FOR PUBLIC POLICY RESEARCH PURPOSE: EDUCATIONAL | $200 |
THE HERITAGE FOUNDATION PURPOSE: CHARITABLE | $100 |
CROSS AND CROWN CLINIC PURPOSE: MEDICAL | $100 |