Oge Energy Foundation Inc
- Assets
- $37.1m
- Revenue
- $18.1m
- Investments
- $32.7m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 10/1959
- Data as of
- 12/2021
- 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 12/2021, Oge Energy Foundation Inc generated $18.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Oge Energy Foundation Inc has awarded 127 individual grants totaling $8,322,017. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Trauschke President | 1 | $0 | |
Chuck Walworth Treasurer | 1 | $0 | |
Rose Royal Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000,000 |
| Interest on Savings | $52 |
| Dividends & Interest | $349,668 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,722,817 |
| Capital Gain Net Income | $2,722,817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,769 |
| Total Revenue | $18,068,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $116,618 |
| Contributions, gifts, grants paid | $1,578,861 |
| Total expenses and disbursements | $1,695,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,684 |
| Savings and temporary cash investments | $4,197,021 |
| 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 | $3,284,795 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $37,099,058 |
| 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 $3,833,861 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $720,000 |
AMERICAN INDIAN CULTURAL CENTER & MUSEUM PURPOSE: GENERAL SUPPORT | $400,000 |
FORT SMITH PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $400,000 |
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $327,641 |
Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $240,000 |
OKLAHOMA CITY BOATHOUSE FOUNDATION PURPOSE: GENERAL SUPPORT | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |