Larkin Bailey Foundation
- Assets
- $4.2m
- Revenue
- $580.6k
- Investments
- $750.0k
- Employees
- 0
- Location
- Bartlesville, OK
- Founding
- 11/1985
- Data as of
- 12/2023
- EIN
- 73-1258217
Organization Overview
Larkin Bailey Foundation is located in Bartlesville, OK. The organization was established in 1985. 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. Larkin Bailey 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 12/2023, Larkin Bailey Foundation generated $580.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $429.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Larkin Bailey Foundation has awarded 43 individual grants totaling $11,633,678. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Cartright Trustee | 33.3 | $52,000 | |
Jacquelyn R Guy Mc Clintock Trustee | 33.3 | $44,675 | |
Linda Cravens Trustee | 33.3 | $48,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,298 |
| Dividends & Interest | $31 |
| Net Rental Income | $186,387 |
| Net Gain on Sale of Assets | $382,883 |
| Capital Gain Net Income | $382,883 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $580,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $144,675 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,138 |
| Depreciation | $59,558 |
| Occupancy | $8,066 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,171 |
| Total operating and administrative expenses | $428,968 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $428,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,190 |
| Savings and temporary cash investments | $0 |
| 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 | $2,877,492 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,212,713 |
| 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 | $0 |
| Other liabilities | $11,000 |
| Total liabilities | $11,000 |
Grants Awarded
Over the last fiscal year, Larkin Bailey Foundation has awarded $8,260,468 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF TULSA PURPOSE: CHARITY | $6,172 |
CITY OF OWASSO PURPOSE: CHARITY | $664 |
CITY OF OWASSO PURPOSE: CHARITY | $8,253,632 |