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Nonprofiteer
← OK FOUNDATION

Form 990 for tax year 2022

Filed by OK FOUNDATION.

Totals

Total revenue
$1,228,030
Total expenses
$1,768,688
Contributions and grants received
$1,097,828
Grants paid
$1,327,983
Program service revenue
$0
Investment income
$302,805
Other revenue
-$172,603
Total assets, end of year
$3,443,255
Total liabilities, end of year
$15,917
Net assets or fund balances, end of year
$3,427,338
Program services expenses (Part IX)
$1,661,770
Management and general expenses
$103,671
Fundraising expenses
$3,247
Program service expenses (Part III)
$1,661,770

Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,097,828

  • 3 · Investment income

    total $108,922 · excluded $108,922

  • 6a · Gross rents

    real property $3

  • 6c · Rental income or loss

    real property $3

  • 6d · Net rental income or loss

    total $3 · excluded $3

  • 7a · Gross sales of assets other than inventory

    securities $778,742

  • 7b · Less cost or other basis and sales expenses

    securities $584,859

  • 7c · Gain or loss

    securities $193,883

  • 7d · Net gain or loss

    total $193,883 · related or exempt $193,883

  • 11a · Other revenue: GPB HOLDINGS II, LP

    total -$7,352 · unrelated business -$7,352

  • 11b · Other revenue: REDLIST OPPORTUNITY HOLDINGS

    total -$24,254 · unrelated business -$24,254

  • 11c · Other revenue: ELEVATE GLOBAL

    total -$141,000 · unrelated business -$141,000

  • 11e · Other revenue, total

    -$172,606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,306,983 · program services $1,306,983

  • 3 · Grants to foreign organizations and individuals

    total $21,000 · program services $21,000

  • 5 · Compensation of officers, directors and key employees

    total $193,000 · program services $181,420 · management and general $9,650 · fundraising $1,930

  • 7 · Other salaries and wages

    total $31,327 · program services $29,448 · management and general $1,566 · fundraising $313

  • 9 · Other employee benefits

    total $31,197 · program services $29,325 · management and general $1,560 · fundraising $312

  • 10 · Payroll taxes

    total $53,391 · program services $50,187 · management and general $2,670 · fundraising $534

  • 11b · Fees: legal

    total $3,844 · management and general $3,844

  • 11c · Fees: accounting

    total $7,915 · management and general $7,915

  • 11f · Fees: investment management

    total $18,895 · management and general $18,895

  • 11g · Fees: other

    total $39,263 · management and general $39,263

  • 13 · Office expenses

    total $10,189 · management and general $10,189

  • 14 · Information technology

    total $1,230 · management and general $1,230

  • 16 · Occupancy

    total $15,816 · program services $14,867 · management and general $791 · fundraising $158

  • 17 · Travel

    total $28,540 · program services $28,540

  • 24a · Other expenses: OTHER EXPENSES

    total $6,098 · management and general $6,098

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,177 · end of year $31,446

  • 2 · Savings and temporary cash investments

    beginning of year $114,833 · end of year $49,918

  • 7 · Other notes and loans receivable

    beginning of year $30,000 · end of year $230,000

  • 11 · Investments: publicly traded securities

    beginning of year $4,121,291 · end of year $2,625,363

  • 12 · Investments: other securities

    beginning of year $508,864 · end of year $506,528

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,699 · end of year $15,917

  • 27 · Net assets without donor restrictions

    beginning of year $4,794,466 · end of year $3,427,338

Mission and programs · 2022

Mission

SERVING THE NEEDS OF THE WHOLE CHILD, INCLUDING EDUCATION, SAFETY, ENVIRONMENT, HEALTH, AND WELL-BEING

  • OK FOUNDATION IMPROVES THE LIVES OF CHILDREN BY SUPPORTING A RESEARCHED COMMUNITY OF CHARITIES SERVING THE MOST IMPORTANT ISSUES FACING KIDS.

    Expenses $1,451,810 · Grants $1,327,983

  • OK FOUNDATION IMPROVES THE LIVES OF CHILDREN BY SUPPORTING A RESEARCHED COMMUNITY OF CHARITIES SERVING THE MOST IMPORTANT ISSUES FACING KIDS.

    Expenses $209,960

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip Webb

    EXECUTIVE DI

    Total calculated
    $212,266
    From this org
    $193,000
    From related orgs
    $0
    Other
    $19,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    $25,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,266
    Filer's total
    $212,266

  • Sombo Chunda

    BOARD MEMBER

    Total calculated
    $0

  • Steve Farrell

    BOARD MEMBER

    Total calculated
    $0

  • Ron Gunnell

    BOARD MEMBER

    Total calculated
    $0

  • Jan Robbins

    BOARD MEMBER

    Total calculated
    $0

  • Dennis Webb

    BOARD CHAIR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323189349309727

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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