Charles And Lynn Schusterman Family Foundation
- Assets
- $2.7b
- Revenue
- $872.9m
- Investments
- $1.8b
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 73-1312965
Organization Overview
Charles And Lynn Schusterman Family Foundation is located in Tulsa, OK. The organization was established in 1989. 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. Charles And Lynn Schusterman Family 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 12/2021, Charles And Lynn Schusterman Family Foundation generated $872.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 72.8% each year . All expenses for the organization totaled $311.3m during the year ending 12/2021. While expenses have increased by 31.3% per year over the past 4 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 |
|---|---|---|---|
Name Not Listed Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mark G Yudof | 12/30/21 | $291,676 |
Edsolutions Llc | 12/30/21 | $66,725 |
Learning For Action | 12/30/21 | $196,978 |
Hogan Taylor Llp | 12/30/21 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,480,450 |
| Interest on Savings | $12,303,638 |
| Dividends & Interest | $24,664,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $753,928,710 |
| Capital Gain Net Income | $753,928,710 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$11,446,288 |
| Total Revenue | $872,930,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $573,839 |
| Taxes | $12,027,304 |
| Depreciation | $7,189 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,217,443 |
| Total operating and administrative expenses | $18,825,775 |
| Contributions, gifts, grants paid | $292,521,299 |
| Total expenses and disbursements | $311,347,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,879,210 |
| Savings and temporary cash investments | $747,154,966 |
| Net Accounts receivable | $960,959 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $31,045,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,842,269,681 |
| Net Land, buildings, and equipment | $6,161 |
| Other assets | $0 |
| Total assets | $2,674,316,552 |
| Accounts payable and accrued expenses | $136,261 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $44,969,424 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,105,685 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Charles And Lynn Schusterman Family Foundation has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Open Up Resources Menlo Park, CA PURPOSE: GENERAL SUPPORT | $50,000 |
The Irving Harris Foundation Chicago, IL PURPOSE: FOR TRAUMAINFORMED TRAINING TO SOCIAL WELFARE AND CHILD MENTAL HEALTH AGENCIES IN ISRAEL | $40,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Family Foundation Inc Bentonville, AR | $5,583,293,024 | $1,484,598,263 |
Charles And Lynn Schusterman Family Foundation Tulsa, OK | $2,674,316,552 | $872,930,911 |
Laura And John Arnold Foundation Houston, TX | $2,692,538,333 | $716,274,205 |
Sunderland Foundation Overland Park, KS | $1,463,745,434 | $90,847,686 |
Michael & Susan Dell Foundation Austin, TX | $0 | $224,656,241 |
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 |