Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1971.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
45 people listed on the 990.
Kari Shults’s $18K as President is at the 3rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kari Shults | $17,500 | $18,400 | $18,400 | $29,706 | $13,934 |
| Terri Floistad | — | — | — | — | $6,851 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Develops relationships and financial resources to support Tulsa Community College and its mission.
Questions for Tulsa Community College Foundation
Your first name shows with your question. Tulsa Community College Foundation answers here, for everyone.
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Scholarships for students
Support of TCC college students, faculty, activities, and programs in line with our core goals and the college's strategic plan
Tcc Skills Center
Cyber skills center is a workforce certificate program. It provides a cyber boot camp with a 6-MONTH accelerated training program for students to earn credentials in data analytics and cybersecurity.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.8M | $4.9M |
| InvestmentsLn 11–13 | $16.8M | $18.0M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $22.8M | $24.0M |
| LiabilitiesLn 26 | $118K | $116K |
| Net assetsLn 32 | $22.7M | $23.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4.3M | $4.3M | ||
| Accounting feesLn 11c | $16K | $16K | ||
| Investment management feesLn 11f | $77K | $77K | ||
| Other fees for servicesLn 11g | $44K | $0 | $44K | $0 |
| Office expensesLn 13 | $6K | $6K | ||
| Information technologyLn 14 | $37K | $37K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $120K | $120K | ||
| All other expensesLn 24e | $27K | $0 | $27K | $0 |
| Total functional expensesLn 25 | $4.7M | $4.3M | $335K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $4.2M | $4.7M | −$484K | $23.9M | 990 PDF |
| FY2024 | $4.7M | $5.3M | −$606K | $22.7M | 990 PDF |
| FY2023 | $2.5M | $4.5M | −$2.0M | $21.5M | 990 PDF |
| FY2022 | $4.0M | $7.8M | −$3.8M | $22.1M | 990 PDF |
| FY2021 | $5.3M | $4.0M | $1.2M | $28.7M | 990 PDF |
| FY2020 | $6.1M | $5.2M | $924K | $24.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $4,198,894 revenue, 12 lines filed
Part VI · Governance 39 of 39 board members independent, 2 to look at
Part VIII · Statement of revenue $4,198,894 across 9 lines filed
Part IX · Statement of functional expenses $4,682,755 across 9 lines filed
Part X · Balance sheet $24,009,039 assets, 15 lines filed
Part XI · Reconciliation of net assets $23,893,126 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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