Oneok Foundation Inc
- Assets
- $26.7m
- Revenue
- $3.7m
- Investments
- $26.0m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 73-1503823
Organization Overview
Oneok Foundation Inc is located in Tulsa, OK. The organization was established in 1997. 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. Oneok 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 12/2021, Oneok Foundation Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Oneok Foundation Inc has awarded 443 individual grants totaling $9,384,027. 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 |
|---|---|---|---|
Terry K Spencer Chairman; President; Director | 2 | $0 | |
Robert F Martinovich Director | 2 | $0 | |
Charles M Kelley Director | 2 | $0 | |
Patrick W Cipolla Secretary | 2 | $0 | |
Terri A Pirtle Executive Director | 2 | $0 | |
Stephen B Allen Sr Vp; Asst Secr; Gen Counsel | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800,000 |
| Interest on Savings | $63 |
| Dividends & Interest | $1,209,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $720,212 |
| Capital Gain Net Income | $720,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $460 |
| Total Revenue | $3,730,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,541 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $99,314 |
| Contributions, gifts, grants paid | $4,366,611 |
| Total expenses and disbursements | $4,465,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,677 |
| Savings and temporary cash investments | $602,124 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,369 |
| Total assets | $26,688,589 |
| 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, Oneok Foundation Inc has awarded $4,366,611 in support to 196 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: GATHERING PLACE CAPITAL CAMPAIGN (BOATHOUSE) | $1,000,000 |
Tulsa, OK PURPOSE: GREENWOOD RISING HISTORY CENTER | $375,000 |
Stillwater, OK PURPOSE: COLLEGE OF ENGINEERING BUILDING CAPITAL CAMPAIGN | $200,000 |
Tulsa, OK PURPOSE: ONEOK AUDITORIUM RENOVATION PHASE I & II | $125,000 |
Tulsa, OK PURPOSE: UPGRADES AND MAINTENANCE ENDOWMENT (HA CHAPMAN STADIUM) | $120,000 |
Tulsa, OK PURPOSE: SOAR CAPITAL CAMPAIGN | $100,000 |
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 |