The Helmerich Trust
- Assets
- $102.6m
- Revenue
- $13.3m
- Investments
- $94.5m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 73-1304358
Organization Overview
The Helmerich Trust is located in Tulsa, OK. The organization was established in 1987. 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. Helmerich Trust 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, Helmerich Trust generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 10.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter H Helmerich IV Co-Trustee | 6 | $111,200 | |
Hans C Helmerich Co-Trustee | 6 | $111,200 | |
Matthew G Helmerich Co-Trustee | 6 | $111,200 | |
Jonathan D Helmerich Co-Trustee | 6 | $111,200 | |
Dow Z Helmerich Co-Trustee | 6 | $111,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/21 | $156,405 |
Crow Holdings Capital | 12/30/21 | $201,960 |
Helmerich Family Office Llc | 12/30/21 | $164,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $301,050 |
| Dividends & Interest | $2,580,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,993,965 |
| Capital Gain Net Income | $9,993,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $384,911 |
| Total Revenue | $13,260,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $556,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $243,134 |
| Depreciation | $13,687 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,018 |
| Printing and publications | $0 |
| Other expenses | $385,522 |
| Total operating and administrative expenses | $1,735,973 |
| Contributions, gifts, grants paid | $3,915,000 |
| Total expenses and disbursements | $5,650,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,983,988 |
| Net Accounts receivable | $2,884 |
| 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 | $72,796,883 |
| Net Land, buildings, and equipment | $180,774 |
| Other assets | $0 |
| Total assets | $102,632,790 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |