Mervin Bovaird Foundation
- Assets
- $43.2m
- Revenue
- $12.2m
- Investments
- $42.5m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/1957
- Data as of
- 12/2021
- EIN
- 73-6102163
Organization Overview
Mervin Bovaird Foundation is located in Tulsa, OK. The organization was established in 1957. 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. Mervin Bovaird 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, Mervin Bovaird Foundation generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mervin Bovaird Foundation has awarded 424 individual grants totaling $10,632,200. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Casey Cooper President | 20 | $50,004 | |
P David Newsome Jr VP Finance | 7.5 | $35,000 | |
Lance Stockwell VP Finance | 7.5 | $35,000 | |
Christopher K Woosley Trustee | 10 | $35,000 | |
Janice L Pierce Secretary | 10 | $35,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163,775 |
| Dividends & Interest | $258,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,219,165 |
| Capital Gain Net Income | $9,219,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,590,151 |
| Total Revenue | $12,231,581 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,004 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,501 |
| Interest | $18,132 |
| Taxes | $34,092 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $262,938 |
| Total operating and administrative expenses | $725,023 |
| Contributions, gifts, grants paid | $1,969,000 |
| Total expenses and disbursements | $2,694,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $774,699 |
| 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 | $42,456,688 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,000 |
| Total assets | $43,238,387 |
| 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, Mervin Bovaird Foundation has awarded $1,969,000 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: GENERAL SUPPORT | $364,000 |
Tulsa, OK PURPOSE: GENERAL SUPPORT | $205,000 |
Tulsa, OK PURPOSE: GENERAL SUPPORT | $100,000 |
PHILBROOK MUSEUM PURPOSE: GENERAL SUPPORT | $80,000 |
UNIVERSITY OF OKLAHOMA PURPOSE: GENERAL SUPPORT | $75,000 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $50,000 |
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 |