Bowen Foundation EIN 26-3871656 Form 990 (PDF) Claim this org

Bowen Foundation FY2022 filing

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A private foundation based in Oklahoma City, OK. It reported about $499K in revenue for 2022. For fiscal year 2022 it reported $499K in revenue, $1.6M in expenses, and $8.1M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Oklahoma City, OK
Filings
6 on file (2020–2022)
Revenue
$499KFY2022
Expenses
$1.6M
Net assets
$8.1M
People
1
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-3871656 Private foundation / grantmaker Oklahoma City, OK
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
A private foundation based in Oklahoma City, OK. It reported about $499K in revenue for 2022.
Leadership
Cassandra C Bowen · President
Money in and out
$499K revenue, $1.6M expenses
Bottom line
Grants paid & assets · FY2022
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$8.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.1M
Total assets
8.1M
deployed as grants and operations
Grants paid
1.5M
in FY2022
Grants made
54grants
total in period
Payout rate
19%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 54 grants · $862K · 2025–2025
University of Oklahoma FoundationFY2025$240,000
Rebuilding Together OkcFY2025$114,750
National Cowboy & Western Heritage MuseumFY2025$84,125
Oklahoma Council of Public Affairs INCFY2025$60,000
Blaze's Tribute Equine RescueFY2025$50,000
Community of Concerned Christians - GeneralFY2025$45,000
Saving Our YouthFY2025$40,000
Wings Special Needs CommunityFY2025$30,000
Teen Recovery SolutionsFY2025$30,000
Alzheimer's AssociationFY2025$20,000
Jesus HouseFY2025$15,000
Impact OklahomaFY2025$11,850
Hearts for HearingFY2025$10,000
Dale K Graham Veterans FoundationFY2025$10,000
Center of Family LoveFY2025$9,500
Community of Concerned Christians - Food BankFY2025$9,000
Allied ArtsFY2025$7,000
Fellowship of Christian AthletesFY2025$6,000
See all 54 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$16K
Median grantPart XV$2K
Largest grantPart XV$240K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$499K
FY2022▲ +85%
Expenses
$1.6M
FY2022▲ +82%
Total assets
$8.1M
FY2022▼ -12%
Total liabilities
$0
FY2022
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$8.1M
Pt X · Ln 32
Total assetsPt II$8.1M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBowen Foundation
EINHdr · item D26-3871656
Principal addressHdr · item COklahoma City, OK
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
See Bowen Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$395K · 79%
Investment income$94K · 19%
Other revenue$10K · 2%
Contributions & grants79%$395K
Investment income19%$94K
Other revenue2%$10K
Total revenueLn 12$499K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$1.5M
Operating & administrative3%$53K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$110K
Total assetsLn 16$8.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$8.1M
Months of cash on handcomputed0.8

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$891K revenue · ⤓ 990 PDF
FY2024$738K revenue · ⤓ 990 PDF
FY2023$328K revenue · ⤓ 990 PDF
FY2022$499K revenue · viewing · ⤓ 990 PDF
FY2021$270K revenue · ⤓ 990 PDF
FY2020$-85K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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