Touchdown Club Of Oklahoma
- Assets
- $1.6m
- Revenue
- $406.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Oklahoma City, OK
- Founding
- 08/1949
- Data as of
- 12/2022
- EIN
- 73-6060784
Organization Overview
Touchdown Club Of Oklahoma is located in Oklahoma City, OK. The organization was established in 1949. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 12/2022, Touchdown Club Of Oklahoma employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Touchdown Club Of Oklahoma 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, Touchdown Club Of Oklahoma generated $406.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $584.1k during the year ending 12/2022. While expenses have increased by 10.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTIONAL SUPPORT FOR THE UNIVERSITY OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TOUCHDOWN CLUB OF OKLAHOMA WAS ORGANIZED IN 1947 TO ASSIST IN THE DEVELOPMENT OF THE ATHLETIC PROGRAM AT THE UNIVERSITY OF OKLAHOMA AND TO PROVIDE SCHOLARSHIP ASSISTANCE FOR ATHLETES. THE CLUB SUPPORTS THE UNIVERSITY THROUGH DONATIONS TO OU FOUNDATION, AND ALSO HOSTS SOCIAL EVENTS THROUGHOUT THE YEAR, INCLUDING THE ANNUAL OU-TX BRUNCH IN DALLAS, A SPRING FOOTBALL LUNCH MEETING, AND A FALL KICKOFF DINNER MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Knapp Executive Di | Officer | 40 | $6,200 |
Jim Everest President | OfficerTrustee | 1 | $0 |
Clay Bennett Vice Preside | OfficerTrustee | 1 | $0 |
Bart Shelley Secretary | OfficerTrustee | 1 | $0 |
Gregory L Mahaffey Treasurer | OfficerTrustee | 1 | $0 |
G T Blankenship Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $354,570 |
| Investment income | $39,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,558 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,875 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,200 |
| Compensation of current officers, directors, key employees. | $6,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,040 |
| Pension plan accruals and contributions | $3,524 |
| Other employee benefits | $0 |
| Payroll taxes | $2,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,113 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,213 |
| Office expenses | $21,337 |
| Information technology | $2,613 |
| Royalties | $0 |
| Occupancy | $13,502 |
| 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 | $808 |
| Insurance | $1,508 |
| All other expenses | $0 |
| Total functional expenses | $584,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $444,558 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,173,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,617,902 |
| Accounts payable and accrued expenses | $718 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $718 |
| Net assets without donor restrictions | $1,617,184 |
| Net assets with donor restrictions | $0 |
| 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 | $1,617,902 |
Grants Awarded
Over the last fiscal year, Touchdown Club Of Oklahoma has awarded $149,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OU FOUNDATION PURPOSE: INSTITUTIONAL SUPPORT | $139,750 |
NATIONAL FOOTBALL FOUNDATION PURPOSE: IN SUPPORT OF FORMER OU FOOTBALL COACH BARRY SWITZER | $10,000 |