Velma Klamm & Ruth Fishburn Foundation
- Assets
- $3.0m
- Revenue
- $354.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- Pryor, OK
- Founding
- 12/1999
- Data as of
- 12/2021
- 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 12/2021, Velma Klamm & Ruth Fishburn Foundation generated $354.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $229.9k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 4 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 2020, Velma Klamm & Ruth Fishburn Foundation has awarded 16 individual grants totaling $235,317. 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
2021
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 | 3 | $22,563 | |
Julia L Neftzger Vice President | 1 | $22,562 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $652 |
| Interest on Savings | $11 |
| Dividends & Interest | $241,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,691 |
| Capital Gain Net Income | $112,691 |
| Net ST Capital Gain | $264 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,125 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5 |
| Total operating and administrative expenses | $69,886 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $229,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,822 |
| 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 | $2,952,426 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,963,248 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $197,594 |
| 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 | $197,594 |
Grants Awarded
Over the last fiscal year, Velma Klamm & Ruth Fishburn Foundation has awarded $160,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BROOK KEMP PURPOSE: SCHOLARSHIP | $16,000 |
CARSON CLAYTON PURPOSE: SCHOLARSHIP | $16,000 |
COOPER THOMPSON PURPOSE: SCHOLARSHIP | $16,000 |
GRACE TAYLOR PURPOSE: SCHOLARSHIP | $16,000 |
BLADE LIPPE PURPOSE: SCHOLARSHIP | $16,000 |
SAYGE VICKREY PURPOSE: SCHOLARSHIP | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
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 |