Tulsa Community Foundation FY2020 filing

Tulsa, OK · Public foundation / grantmaker · Since 1998 · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2020
Revenue
$238.7M
Spent
$140.7M
To programs
96%
Net assets
$633.5M
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).

Figures match the IRS filing checked 7/3/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
6 funders, incl. Folds of Honor Foundation
$1.1M in the latest grant year.
Spent on programs?
96% to programs
Form 990 Part IX, latest filing.
Size and trend
$100M+
Legal name (IRS)Hdr · item CTulsa Community Foundation
EINHdr · item D73-1554474
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 1999
Year of formationHdr · item L1998
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CTulsa, OK
NTEE classificationIRS BMFFoundations & Grantmakers (T310)
WebsiteHdr · item Jwww.tulsacf.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.03 Fundraising $0.00
Program services96%$135.3M
Management & general3%$4.8M
Fundraising$655K
Total functional expensesLn 25$140.7M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$238.7M
FY2020
Expenses
$140.7M
FY2020
Program efficiency
96%
of spending reaches programs
Operating runway
70.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$666.0M
FY2020
Total liabilities
$32.6M
FY2020
Revenue less expensesPt I · Ln 19$98.0M
Total assetsPt X · Ln 16$666.0M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422

Balance Sheet

Part X · end of year
CashLn 1$201.5M
Total assetsLn 16$666.0M
Total liabilitiesLn 26$32.6M
Total net assetsLn 32$633.5M
Months of cash on handcomputed17.2

Statement of Revenue

Part VIII
Contributions & grants$219.7M · 92%
Investment income$16.7M · 7%
Program service revenue$1.3M · 1%
Contributions & grants92%$219.7M
Investment income7%$16.7M
Program service revenue1%$1.3M
Other revenue$1.0M
Total revenueLn 12$238.7M

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $575.9M · Operating expenses (Pt IX) $140.7M · Less non-cash grants $42.3M · Cash operating expenses/yr $98.4M
70.3 months
Where the money goes
Program services
Program services $135.3M · Total expenses $140.7M
96%
Management & General
Management & general $4.8M · Total expenses $140.7M
3%
Fundraising
Fundraising $655K · Total expenses $140.7M
0.5%
Cost to raise $1
Fundraising expense $655K · Solicited contributions $219.7M
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $219.7M · Total revenue $238.7M
92%
Government reliance
Government grants — · Total revenue $238.7M
—
Earned-income share
Program service revenue $1.3M · Total revenue $238.7M
0.5%
Investment reliance
Investment income $16.7M · Total revenue $238.7M
+7%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $140.7M
0.9%
Growth & trend
Revenue growth (YoY)
This year $238.7M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $633.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $238.7M · Expenses $140.7M
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $666.0M
—
Net-asset ratio
Net assets $633.5M · Total assets $666.0M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $289.0M · Other securities (Pt X, ln 12) $85.4M · Total assets (Pt X, ln 16) $666.0M
56%
People & payroll
Highest Reported Total Compensation
Individual Phil Lakin JR · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $546K · Total expenses $140.7M
0.4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.4M · Total expenses $140.7M
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 3%——
Fundraising cost ratio 0.3%——
Investment management fee ratio 0.2%——
Legal fee ratio <0.01%——
Accounting fee ratio 0.04%——
Fundraising fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$546,094Pt VII · Sec A
Chief Development Officer
$173,655Pt VII · Sec A
Executive Director
$151,887Pt VII · Sec A
Executive Director
$148,030Pt VII · Sec A
Deputy Director
$129,616Pt VII · Sec A
Executive Director
$123,568Pt VII · Sec A
Chief Operating Officer
$87,299Pt VII · Sec A
$0Pt VII · Sec A

Phil Lakin JR’s $642K as Chief Executive Officer is at the 71st percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Phil Lakin JR$642,204$628,288$575,598$482,136$546,094
John Bernard——$240,820$136,383$151,887
Michael Dodson$236,277————
Mike Dodson—$224,412$195,552$165,187$173,655
Zachary Stoycoff$191,851$180,232$170,650$144,475$123,568
Kristin Karlin$184,738$172,084$148,584——
Gina Bradford$171,167$159,444———
Elizabeth Parducci$163,564————

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.

See Tulsa Community Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Administers scholarships, disaster relief grants, and endowment funds to support charitable organizations and individuals in the Tulsa metropolitan area and eastern Oklahoma.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $135.3M of program spending, described in the organization's own filed words · FY2020.
01

Funding of qualified charitable purposes, organizations and other entities that benefit TCF'S interests and mission.

$135.3Mprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 6 funders$1.1M
See all 6 funders →
Grants paid · 8,809 grants · $728.0M · 2020–2024
George Kaiser Family FoundationOK · FY2024$24,355,075
Greenwood Rising INCOK · FY2024$16,603,301
River Parks Authority Tgp BridgeFY2024$7,500,000
Trinity Presbyterian Church INCOK · FY2024$7,100,000
Tulsa Area United WayOK · FY2024$2,914,830
Folds of Honor FoundationOK · FY2024$2,616,554
Unitemized GrantFY2024$2,610,735
Midway USA Foundation INCMO · FY2024$2,300,000
Gustavus Adolphus CollegeMN · FY2024$2,000,000
The University of TulsaOK · FY2024$1,984,591
Native American Connections INCAZ · FY2024$1,888,000
American Journalism Project INCDC · FY2024$1,575,000
Zoe LaCA · FY2024$1,350,000
Augustine Institute INCMO · FY2024$1,300,000
See all 8,809 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $297.9M$209.0M-10% 990 PDF
FY2023 $329.5M$216.7M+38% 990 PDF
FY2022 $238.0M$215.1M-23% 990 PDF
FY2021 $307.7M$162.6M+29% 990 PDF
FY2020 Viewing $238.7M$140.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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