Eugene B Adkins Foundation Trust
- Assets
- $42.4m
- Revenue
- $273.9k
- Investments
- $41.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 73-6291151
Organization Overview
Eugene B Adkins Foundation Trust is located in Tulsa, OK. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eugene B Adkins Foundation Trust 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, Eugene B Adkins Foundation Trust generated $273.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $19.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eugene B Adkins Foundation Trust has awarded 12 individual grants totaling $240,000. 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
ALL WORKS OF ART, OWNED BY THE FOUNDATION, ARE ON LONG-TERM LOAN TO THE FRED JONES JR. MUSEUM OF ART AT THE UNIVERSITY OF OKLAHOMA AND THE PHILBROOK MUSEUM OF ART, INC. PER AGREEMENT. THE ART COLLECTIONS ARE BEING EXHIBITED BY THESE INSTITUTIONS TO THE GENERAL PUBLIC. IN ADDITION, THE WORKS AT THE UNIVERSITY OF OKLAHOMA ARE BEING USED TO ENHANCE THE EDUCATION OF STUDENTS ATTENDING THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy E Willis Trustee | 0.1 | $0 | |
W Jeffrey Conklin Trustee | 0.1 | $0 | |
Regina A Lodes Trustee | 0.1 | $0 | |
Lawrence M Knoles Trustee | 0.1 | $0 | |
Taylor Gilpin Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,734 |
| Capital Gain Net Income | $38,734 |
| Net ST Capital Gain | $123 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $203,139 |
| Total Revenue | $273,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,424 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,053 |
| Savings and temporary cash investments | $0 |
| 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 | $41,886,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $449,194 |
| Total assets | $42,367,465 |
| 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, Eugene B Adkins Foundation Trust has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILBROOK MUSEUM OF ART PURPOSE: SUPPORT ART COLLECTION MAINTAINED BY ORGANIZATION. | $25,000 |
FRED JONES JR MUSEUM OF ART AT U OF PURPOSE: SUPPORT ART COLLECTION MAINTAINED BY ORGANIZATION. | $25,000 |