Inasmuch Foundation
- Assets
- $394.4m
- Revenue
- $49.9m
- Investments
- $384.3m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 73-1167188
Organization Overview
Inasmuch Foundation is located in Oklahoma City, OK. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Inasmuch 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 06/2021, Inasmuch Foundation generated $49.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.7% each year . All expenses for the organization totaled $25.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Inasmuch Foundation has awarded 455 individual grants totaling $32,491,748. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR WORK RELATING TO OKLAHOMA CENSUS PROJECT
PROVIDED FUNDING TO ADDRESS VARIOUS EDUCATION ISSUES.
PROVIDED FUNDING FOR RESTORATION OF CENTENNIAL CLOCKS
FUNDING FOR JOURNALISM, HUMAN SERVICES, AND COMMUNITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Ross Chairman & CEO | 40 | $392,000 | |
Richard A Davis CFO | 40 | $190,853 | |
Julie Jividen Corporate Secretary | 32 | $153,550 | |
David O Hogan Director | 12 | $148,000 | |
Sarah Roberts Senior Program Offic | 32 | $144,780 | |
Tyler Tokarczyk Program Officer | 40 | $107,738 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs | 6/29/21 | $622,722 |
Cambridge Associates | 6/29/21 | $584,391 |
Morgan Stanley | 6/29/21 | $315,756 |
Merrill Lynch | 6/29/21 | $226,944 |
Blackstone Real Estate Partners | 6/29/21 | $108,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,514,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,668,595 |
| Capital Gain Net Income | $49,128,529 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,704,062 |
| Total Revenue | $49,887,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,346,046 |
| Other employee salaries and wages | $604,497 |
| Pension plans, employee benefits | $80,279 |
| Interest | $0 |
| Taxes | $430,746 |
| Depreciation | $13,332 |
| Occupancy | $112,983 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,541,124 |
| Total operating and administrative expenses | $5,594,863 |
| Contributions, gifts, grants paid | $19,493,548 |
| Total expenses and disbursements | $25,088,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,098,426 |
| 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 | $431,738 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $156,526,737 |
| Net Land, buildings, and equipment | $77,832 |
| Other assets | $505,000 |
| Total assets | $394,422,796 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $13,362,000 |
| 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 | $13,362,000 |
Grants Awarded
Over the last fiscal year, Inasmuch Foundation has awarded $32,491,748 in support to 455 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: ACADEMIC PAVILION | $2,000,000 |
OKLAHOMA ZOOLOGICAL SOCIETY PURPOSE: EXPEDITION AFRICA | $2,000,000 |
Oklahoma City, OK PURPOSE: CAMPAIGN FOR THE FUTURE | $1,500,000 |
Oklahoma City, OK PURPOSE: CAPITAL SUPPORT | $1,000,000 |
Stillwater, OK PURPOSE: OKLAHOMA STATE UNIVERSITY CENTER FOR THE VISUAL ARTS | $900,000 |
Oklahoma City, OK PURPOSE: GENERAL OPERATING (1,000,000 OVER 5 YEARS) AND SHINE A LIGHT GALA SPONSORSHIP (10,000) | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown Foundation Inc Houston, TX | $979,120,834 | $115,841,262 |
Moody Foundation Galveston, TX | $975,031,131 | $132,742,251 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Edward N And Della L Thome Memorial Foundation Dallas, TX | $16,863,248 | $21,555,807 |
Burnett Foundation Fort Worth, TX | $195,880,351 | $2,811,908 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Rapier Family Foundation San Antonio, TX | $15,198 | $1,321,420 |
Dan L Duncan Family Foundation Houston, TX | $0 | $27,292,814 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Fmh Foundation Midland, TX | $321,253,044 | $148,706,487 |
Inasmuch Foundation Oklahoma City, OK | $394,422,796 | $49,887,073 |