Communities Foundation Of Oklahoma Inc
- Assets
- $167.1m
- Revenue
- $262.9m
- Investments
- $98.0k
- Employees
- 12
- Location
- Oklahoma City, OK
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 73-1396320
Organization Overview
Communities Foundation Of Oklahoma Inc is located in Oklahoma City, OK. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Communities Foundation Of Oklahoma Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Communities Foundation Of Oklahoma 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 06/2022, Communities Foundation Of Oklahoma Inc generated $262.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $241.6m during the year ending 06/2022. While expenses have increased by 58.8% 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, Communities Foundation Of Oklahoma Inc has awarded 1,427 individual grants totaling $83,546,048. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING COMMUNITIES THROUGH THOUGHTFUL, DELIBERATELY DESIGNED CHARITABLE GIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CARES PARTNERS - USED TO DISTRIBUTE FEDERAL ASSISTANCE AWARDED THROUGH THE CARES AND EMERGENCY RENTAL ASSISTANCE CONTRACTS.
GRANTS FOR CHARITABLE PROGRAMS AND PROJECTS THROUGHOUT THE STATE OF OKLAHOMA AND THROUGHOUT THE UNITED STATES.
FLOURISH OKC OPERATIONS - TO PROVIDE A PLATFORM THAT REMOVES BARRIERS TO JUSTICE, UPROOTS INEQUALITY AND BIAS, AND PLANTS HOPE, TRUST, AND RENEWAL THROUGH EXPERIENCES, STORYTELLING, AND NETWORK ENGAGEMENT.
CFO SPECIAL PROJECTS - GRANTS WERE PROVIDED ON BEHALF OF LOCAL HIGH SCHOOLS TO DESIGN AND BUILD SPORTING COMPLEXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gish Chair | OfficerTrustee | 1 | $0 |
Richard Ratcliffe Vice-Chair | OfficerTrustee | 1 | $0 |
Db Green III Treasurer | OfficerTrustee | 1 | $0 |
Leslie Rainbolt-Forbes Secretary | OfficerTrustee | 1 | $0 |
Bill Buckles Director | Trustee | 1 | $0 |
Roberta Burrage Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bancfirst Investment Management Fees | 6/29/22 | $291,119 |
Giving Well Llc Ccp Contract Executive Director | 6/29/22 | $193,435 |
Katie Fry Ccp Contract Chief Operating Officer | 6/29/22 | $152,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $239,403,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,341,273 |
| Noncash contributions included in lines 1a–1f | $692,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,745,204 |
| Total Program Service Revenue | $237,491 |
| Investment income | $2,409,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $52,758 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,482,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,928,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,796,691 |
| Grants and other assistance to domestic individuals. | $199,227,997 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,355 |
| Compensation of current officers, directors, key employees. | $24,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,987,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,493 |
| Payroll taxes | $90,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,937 |
| Fees for services: Accounting | $27,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $298,104 |
| Fees for services: Other | $413,054 |
| Advertising and promotion | $66,754 |
| Office expenses | $43,979 |
| Information technology | $66,113 |
| Royalties | $0 |
| Occupancy | $166,385 |
| Travel | $16,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,884 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,196 |
| Insurance | $28,380 |
| All other expenses | $458 |
| Total functional expenses | $241,646,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,347,436 |
| Savings and temporary cash investments | $90,000 |
| Pledges and grants receivable | $1,928,625 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $56,857 |
| Investments—publicly traded securities | $125,557,088 |
| Investments—other securities | $97,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,077,976 |
| Accounts payable and accrued expenses | $15,750 |
| Grants payable | $12,138,650 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,117,810 |
| Total liabilities | $29,272,210 |
| Net assets without donor restrictions | $137,805,766 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $167,077,976 |
Grants Awarded
Over the last fiscal year, Communities Foundation Of Oklahoma Inc has awarded $29,312,247 in support to 257 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY FIRST INC PURPOSE: GENERAL OPERATIONS | $9,920 |
ACKERMAN MCQUEEN PURPOSE: GENERAL OPERATIONS | $25,000 |
ALL SAINTS' EPISCOPAL CHURCH PURPOSE: GENERAL OPERATIONS | $9,298 |
ANGELS FOSTER FAMILY NETWORK PURPOSE: GENERAL OPERATIONS | $40,000 |
AMES CEMETERY PURPOSE: GENERAL OPERATIONS | $9,359 |
ANNA'S HOUSE FOUNDATION PURPOSE: GENERAL OPERATIONS | $25,150 |