Cherokee Strip Community Foundation
- Assets
- $26.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Enid, OK
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 73-1547637
Organization Overview
Cherokee Strip Community Foundation is located in Enid, OK. The organization was established in 1999. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Cherokee Strip Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee Strip Community 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 12/2022, Cherokee Strip Community Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 9.7% per year over the past 8 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, Cherokee Strip Community Foundation has awarded 210 individual grants totaling $6,772,425. 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
SERVING THE CHARITABLE NEEDS OF NORTHWEST OKLAHOMA THROUGH THE DEVELOPMENT AND ADMINISTRATION OF ENDOWMENT AND OTHER FUNDS WITH THE GOAL OF PRESERVING CAPITAL AND ENHANCING VALUE TO BENEFIT THE COMMUNITIES IN OUR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS, DONOR ADVISED AND COMPETITIVE GRANT CYCLE - DISTRIBUTIONS TO BENEFICIARIES FROM ENDOWED FUNDS AND DONOR ADVISED FUNDS. COMPETITIVE GRANT CYCLE DISTRIBUTIONS FROM FIELD OF INTEREST FUNDS - CSCF WELCOMES PROPOSALS FROM ANY NON-PROFIT SERVING RESIDENTS IN THE NORTHWEST OKLAHOMA AREA. THE FOUNDAITON FOCUSES ITS COMPETITIVE GRANT FUNDING FOR SPECIAL PROJECTS, INNOVATIVE PROGRAMS, TECHNOLOGY, AND CAPACITY BUILDING.
NONPROFIT CONFERENCE - IN OCTOBER OF 2022 WE HOSTED A CONFERENCE FOR NONPROFIT STAFF, BOARD MEMBERS, AND VOLUNTEERS. WE BROUGHT IN NATIONAL SPEAKERS TO SPEAK ON TOPICS SUCH AS MARKETING, FUNDRAISING, CAPACITY BUILDING, FRAUD PREVENTION, AND HOW TO GROW ENDOWMENTS. 105 ATTENDEES RESPRESENTING 65 ORGANIZATION ATTENDING THIS TRAINING OPPORTUNITY.
SCHOLARSHIPS - HELPING LOCAL STUDENTS ATTEND COLLEGE AND BECOME THE COMMUNITY LEADERS OF TOMORROW THROUGH ADMINISTRATION OF 15 DIFFERENT SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Sanders Executive Director | 40 | $90,000 | |
Todd Hamilton President, Board Chair | OfficerTrustee | 2 | $0 |
Marcy Price Past-President | OfficerTrustee | 2 | $0 |
Michael Rickman Vice President | OfficerTrustee | 2 | $0 |
Hallie Caldwell Secretary | OfficerTrustee | 2 | $0 |
Avadelle Hibbets Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $547,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,658 |
| Total Program Service Revenue | $440,588 |
| Investment income | $2,731,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,966,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $903,448 |
| Grants and other assistance to domestic individuals. | $512,226 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,862 |
| Fees for services: Other | $21,999 |
| Advertising and promotion | $0 |
| Office expenses | $6,799 |
| Information technology | $13,030 |
| Royalties | $0 |
| Occupancy | $14,862 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,146 |
| Insurance | $7,761 |
| All other expenses | $3,769 |
| Total functional expenses | $1,774,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $5,420 |
| Net Land, buildings, and equipment | $362,131 |
| Investments—publicly traded securities | $25,489,977 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,525 |
| Total assets | $26,497,901 |
| Accounts payable and accrued expenses | $25,133 |
| Grants payable | $670,000 |
| 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 | $4,497,147 |
| Total liabilities | $5,192,280 |
| Net assets without donor restrictions | $885,292 |
| Net assets with donor restrictions | $20,420,329 |
| 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 | $26,497,901 |
Grants Awarded
Over the last fiscal year, Cherokee Strip Community Foundation has awarded $741,147 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CARRIER OKLAHOMA CEMETERY INC DBA ROSE HILL CEMETERY | | | $17,494 |
CENTRAL CHRISTIAN CHURCH | | | $15,500 |
CHEROKEE STRIP REGIONAL HERITAGE CENTER | | | $65,454 |
CURATOR OF COLLECTIONS AT CSRHC | | | $49,833 |
DENNY PRICE FAMILY YMCA OF ENID | | | $65,422 |
CIMARRON COUNCIL BOY SCOUTS | | | $20,114 |