Velma Klamm & Ruth Fishburn Foundation
- Assets
- $2.8m
- Revenue
- $108.0k
- Investments
- $2.8m
- Employees
- 0
- Location
- Pryor, OK
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 73-1575833
Organization Overview
Velma Klamm & Ruth Fishburn Foundation is located in Pryor, OK. The organization was established in 1999. 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. Velma Klamm & Ruth Fishburn 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 12/2023, Velma Klamm & Ruth Fishburn Foundation generated $108.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $196.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Velma Klamm & Ruth Fishburn Foundation has awarded 42 individual grants totaling $607,317. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIPS TO DESERVING HIGH SCHOOL STUDENTS FROM PRYOR AND ADAIR HIGH SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey D Kolker President | 5 | $21,567 | |
Julia L Neftzger Vice President | 2 | $21,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $1,420 |
| Dividends & Interest | $113,752 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,158 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,134 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,247 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $70,857 |
| Contributions, gifts, grants paid | $126,000 |
| Total expenses and disbursements | $196,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,852 |
| 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 | $2,780,798 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,795,650 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $210,500 |
| 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 | $210,500 |
Grants Awarded
Over the last fiscal year, Velma Klamm & Ruth Fishburn Foundation has awarded $126,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON TAYLOR PURPOSE: SCHOLARSHIP | $14,000 |
DYLAN J COPLEN PURPOSE: SCHOLARSHIP | $14,000 |
JOHN PAUL WARREN PURPOSE: SCHOLARSHIP | $14,000 |
CHLOE COTTOM PURPOSE: SCHOLARSHIP | $14,000 |
REESE UPDIKE PURPOSE: SCHOLARSHIP | $14,000 |
PAIGE ELAM PURPOSE: SCHOLARSHIP | $14,000 |