Southern Oklahoma Memorial Foundation Inc
- Assets
- $103.2m
- Revenue
- $4.5m
- Investments
- $89.6m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 10/1988
- Data as of
- 06/2024
- EIN
- 73-1300662
Organization Overview
Southern Oklahoma Memorial Foundation Inc is located in Ardmore, OK. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oklahoma Memorial 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 06/2024, Southern Oklahoma Memorial Foundation Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $8.0m during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 7 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 2015, Southern Oklahoma Memorial Foundation Inc has awarded 602 individual grants totaling $72,478,367. 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 |
|---|---|---|---|
Mary Kate Wilson President | 30 | $156,237 | |
Jelana Aaron Director | 0.4 | $0 | |
Laura Clay Vice Chairman | 0.4 | $0 | |
Ann Crosby Director | 0.4 | $0 | |
Curtis Davidson Chairman | 0.4 | $0 | |
Gene Litteken Director | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercy Memorial Health Center | 6/29/24 | $149,459 |
Capfinancialpartners Llc | 6/29/24 | $94,853 |
Barrow Hanley Mewhinney & Strauss Inc | 6/29/24 | $91,063 |
Bank Of Oklahoma | 6/29/24 | $60,779 |
Walton Street Captial Llc | 6/29/24 | $58,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,829 |
| Dividends & Interest | $1,408,284 |
| Net Rental Income | $1,120,979 |
| Net Gain on Sale of Assets | -$196,854 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,620,223 |
| Total Revenue | $4,458,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,237 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,644 |
| Taxes | $336,785 |
| Depreciation | $504,100 |
| Occupancy | $22,519 |
| Travel, conferences, and meetings | $724 |
| Printing and publications | $0 |
| Other expenses | $292,828 |
| Total operating and administrative expenses | $1,601,651 |
| Contributions, gifts, grants paid | $6,411,524 |
| Total expenses and disbursements | $8,013,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,326,818 |
| 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 | $8,289,262 |
| Investments—mortgage loans | $0 |
| Investments—other | $30,992,492 |
| Net Land, buildings, and equipment | $3 |
| Other assets | $0 |
| Total assets | $103,244,967 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Southern Oklahoma Memorial Foundation Inc has awarded $12,860,489 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
20TH DISTRICT DRUG COURT INC PURPOSE: BUILDING PURCHASE (58 BROADLAWN) | $70,000 |
A PLUS READING INC PURPOSE: FYE 7/31/24 READING THERAPIST SALARIES | $60,000 |
A PLUS READING INC PURPOSE: OPERATING SUPPORT | $500 |
A PLUS READING INC PURPOSE: OPERATING SUPPORT | $1,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: 2024 OPR SUPPORT CHAD RICHISON HOPE LODGE | $25,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: FY24 HOME FIRE ASSISTANCE PROGRAM | $100,000 |