Oge Energy Foundation Inc
- Assets
- $34.4m
- Revenue
- $6.2m
- Investments
- $27.9m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 10/1959
- Data as of
- 12/2022
- EIN
- 73-6093572
Organization Overview
Oge Energy Foundation Inc is located in Oklahoma City, OK. The organization was established in 1959. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oge Energy Foundation Inc 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, Oge Energy Foundation Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 7 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 2016, Oge Energy Foundation Inc has awarded 206 individual grants totaling $11,250,852. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Trauschke President | 1 | $0 | |
Chuck Walworth Treasurer | 1 | $0 | |
Lindsay Laird Secretary | 1 | $0 | |
Rose Royal Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,500,000 |
| Interest on Savings | $43,378 |
| Dividends & Interest | $568,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,714 |
| Capital Gain Net Income | $75,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,136 |
| Total Revenue | $6,186,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,708 |
| Total operating and administrative expenses | $121,771 |
| Contributions, gifts, grants paid | $2,928,835 |
| Total expenses and disbursements | $3,050,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,642 |
| Savings and temporary cash investments | $6,092,122 |
| 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 | $3,101,510 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,388,367 |
| 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, Oge Energy Foundation Inc has awarded $2,928,835 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ADA REGIONAL UNITED WAY PURPOSE: GENERAL SUPPORT | $7,603 |
ALLIED ARTS PURPOSE: GENERAL SUPPORT | $115,000 |
BENEDICTINE COLLEGE PURPOSE: GENERAL SUPPORT | $2,500 |
BRENDON MCLARTY MEMORIAL FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
BROWN UNIVERSITY PURPOSE: GENERAL SUPPORT | $1,500 |
BRYAN COUNTY UNITED WAY PURPOSE: GENERAL SUPPORT | $2,175 |