Leslie Powell Foundation Inc
- Assets
- $983.8k
- Revenue
- $80.6k
- Investments
- $380.7k
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 73-1190206
Organization Overview
Leslie Powell Foundation Inc is located in Lawton, OK. The organization was established in 1983. 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. Leslie Powell 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 12/2021, Leslie Powell Foundation Inc generated $80.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LESLIE POWELL FOUNDATION, INC. OPERATES AN ART GALLERY THAT SERVES AS A DISPLAY FOR ART WORKS OF VARIOUS ARTISTS, WHICH INCLUDES HIGH SCHOOL AND COLLEGE STUDENTS, AS WELL AS A MEETING PLACE FOR ART GROUPS WITHIN THE LAWTON-FT SILL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hughes Exec Director | 40 | $38,903 | |
See Attached List 1 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,160 |
| Interest on Savings | $3 |
| Dividends & Interest | $15,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $21,590 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,903 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,976 |
| Depreciation | $25,691 |
| Occupancy | $23,208 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $446 |
| Other expenses | $14,977 |
| Total operating and administrative expenses | $108,146 |
| Contributions, gifts, grants paid | $4,650 |
| Total expenses and disbursements | $112,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,400 |
| Savings and temporary cash investments | $40,575 |
| 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 | $17,722 |
| Net Land, buildings, and equipment | $547,090 |
| Other assets | $0 |
| Total assets | $983,758 |
| Accounts payable and accrued expenses | $1,865 |
| 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 | $1,865 |
Grants Awarded
Over the last fiscal year, Leslie Powell Foundation Inc has awarded $4,650 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA ARTS INSTITUTE PURPOSE: ART PROGRAMING | $4,000 |
Lawton, OK PURPOSE: ART PROGRAMING | $650 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Leslie Powell Foundation Inc has recieved totaling $64,800.
| Awarding Organization | Amount |
|---|---|
Leslie Powell Trust Norman, OK PURPOSE: AS REQUIRED BY GOVERNING INSTRUMENT | $64,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |