William S & Ann Atherton Foundation
- Assets
- $12.5m
- Revenue
- $1.5m
- Investments
- $12.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 73-1520309
Organization Overview
William S & Ann Atherton Foundation is located in Tulsa, OK. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William S & Ann Atherton 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, William S & Ann Atherton Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William S & Ann Atherton Foundation has awarded 319 individual grants totaling $6,316,361. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WILLIAM S. AND ANN ATHERTON FOUNDATION IS A PRIVATE, NON-OPERATING FOUNDATION. IT ACCOMPLISHES ITS CHARITABLE PURPOSE SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTS. THE FOUNDATION MANAGER SPENDS AN AVERAGE OF 60% OF HER TIME ADMINISTERING INVESTMENTS AND 40% ANSWERING CORRESPONDENCE, AND INVESTIGATING INSTITUTIONS THAT REQUIRE FUNDING. THEREFORE, 40% OF RELATED EXPENSES HAVE BEEN ALLOCATED TO GRANT-MAKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Ann Faubert President | 40 | $150,000 | |
J Thomas Atherton Treasurer | 10 | $90,147 | |
William S Atherton Chairman | 1 | $0 | |
D Ann Atherton Director | 1 | $0 | |
M Dirk Atherton Director | 1 | $0 | |
Preston B Smith Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $896,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $653,139 |
| Capital Gain Net Income | $653,139 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,549,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $240,147 |
| Other employee salaries and wages | $30,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,770 |
| Depreciation | $12,855 |
| Occupancy | $24,000 |
| Travel, conferences, and meetings | $17,500 |
| Printing and publications | $0 |
| Other expenses | $21,804 |
| Total operating and administrative expenses | $414,223 |
| Contributions, gifts, grants paid | $1,674,000 |
| Total expenses and disbursements | $2,088,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,613 |
| Savings and temporary cash investments | $15,557 |
| 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 | $677,619 |
| Net Land, buildings, and equipment | $64,278 |
| Other assets | $0 |
| Total assets | $12,458,261 |
| 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, William S & Ann Atherton Foundation has awarded $1,674,000 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Hillsdale, MI PURPOSE: BUILDING FUND | $400,000 |
Rochester, MN PURPOSE: GENERAL FUND | $400,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: BUILD A MEMORIAL | $250,000 |
NAT'L COWBOY & WESTERN HERITAGE MUSEUM PURPOSE: GENERAL FUND | $100,000 |
Oklahoma City, OK PURPOSE: GENERAL FUND | $75,000 |
OKLAHOMA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL FUND | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
J F Maddox Foundation Hobbs, NM | $240,372,497 | $15,567,055 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |