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Nonprofiteer
← CITY OF MUSKOGEE FOUNDATION

Form 990 for tax year 2022

Filed by CITY OF MUSKOGEE FOUNDATION.

Totals

Total revenue
$29,573,324
Total expenses
$2,833,263
Contributions and grants received
$0
Grants paid
$2,968,690
Program service revenue
$0
Investment income
$29,573,324
Other revenue
$0
Total assets, end of year
$144,080,525
Total liabilities, end of year
$18,970,698
Net assets or fund balances, end of year
$125,109,827
Program services expenses (Part IX)
$2,095,667
Management and general expenses
$737,596
Fundraising expenses
$0
Program service expenses (Part III)
$2,095,667

Program services were 74.0% 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.

  • 3 · Investment income

    total $3,690,249 · excluded $3,690,249

  • 7a · Gross sales of assets other than inventory

    securities $93,635,462

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

    securities $67,752,387

  • 7c · Gain or loss

    securities $25,883,075

  • 7d · Net gain or loss

    total $25,883,075 · excluded $25,883,075

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,968,690 · program services $2,968,690

  • 11a · Fees: management

    total $410,629 · management and general $410,629

  • 11c · Fees: accounting

    total $13,450 · management and general $13,450

  • 11g · Fees: other

    total $61,531 · management and general $61,531

  • 12 · Advertising and promotion

    total $1,100 · management and general $1,100

  • 20 · Interest

    total $244,464 · management and general $244,464

  • 22 · Depreciation, depletion and amortization

    total $1,285 · management and general $1,285

  • 23 · Insurance

    total $5,137 · management and general $5,137

  • 24a · Other expenses: PROGRAM EXPENSE

    total $111,280 · program services $111,280

  • 24b · Other expenses: GRANT EXP REDUCTIONS

    total -$984,303 · program services -$984,303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,958,694 · end of year $7,215,984

  • 7 · Other notes and loans receivable

    beginning of year $9,463,687 · end of year $9,411,198

  • 10a · Land, buildings and equipment: cost or other basis

    $9,695

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,457

  • 10c · Land, buildings and equipment, net

    beginning of year $3,948 · end of year $6,238

  • 11 · Investments: publicly traded securities

    beginning of year $131,710,485 · end of year $127,447,105

  • 17 · Accounts payable and accrued expenses

    beginning of year $212,662 · end of year $275,840

  • 18 · Grants payable

    beginning of year $21,144,569 · end of year $13,914,232

  • 23 · Secured mortgages and notes payable

    beginning of year $5,931,626 · end of year $4,780,626

  • 27 · Net assets without donor restrictions

    beginning of year $116,847,957 · end of year $125,109,827

Mission and programs · 2022

Mission

THE FOUNDATION PROVIDES GRANTS TO VARIOUS NON-PROFIT ORGANIZATIONS RELATED TO ECONOMIC DEVELOPMENT, HEALTH AND WELLNESS, EDUCATION AND EMPOWERMENT, AND QUALITY FOR LIFE WHICH MEET THE MISSION CRITERIA OF THE FOUNDATION. THE GRANTS ARE USED FOR PROGRAMS AS WELL AS PURCHASES OF MUCH NEEDED ASSETS.

Activities or mission (Part I)

TO MAKE A REAL DIFFERENCE IN MUSKOGEE BY EFFECTIVELY DEVELOPING, SUPPORTING, PROMOTING AND IMPROVING PROGRAMS AND FACILITIES RELATING TO EDUCATION, ARTS, CULTURE, COMMUNITY REVITALIZATION AND BEAUTIFICATION, SOCIAL SERVICES, HEALTH CARE, ECONOMIC DEVELOPMENT, INFRASTRUCTURE, HOUSING AND RECREATION FOR THE CITY OF MUSKOGEE.

  • TO MAKE A REAL DIFFERENCE BY EFFECTIVELY DEVELOPING, PROMOTING AND IMPROVING PROGRAMS AND FACILITIES RELATING TO EDUCATION, ARTS, CULTURE, COMMUNITY REVITALIZATION AND BEAUTIFICATION, SOCIAL SERVICES, HEALTH CARE, ECONOMIC DEVELOPMENT, INFRASTRUCTURE, HOUSING AND RECREATION FOR THE CITY OF MUSKOGEE.

    Expenses $2,095,667 · Grants $2,968,690

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

Listed in Part VII

  • Eric Anderson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Barton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Perline Boyattia-Craig

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marlon Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron George

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Earnie Gilder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Gulley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenny Jamison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ann Barker Ong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerri Stoutermire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wren Stratton

    CHAIR

    Total calculated
    $0
    Hours/week
    1

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.

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
30 September 2023
IRS schema version
2022v5.0
Source object
202322979349301967

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

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