Tulsa Community Foundation FY2021 filing

Tax-deductible

Tulsa, OK501(c)(3)Since 1998Foundations & GrantmakersEIN 73-1554474

This page gets seen. Tell your story. Claim this org.

Tcf is organized and operated for chartibale purposes primarily for the long term benefit of the Tulsa metropolitan area and eastern oklahoma chartibale causes.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $93.6M a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $1.1M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.9M
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$307.7M
+29% vs prior year
Spent
$162.6M
To programs
96%
Net assets
$806.1M
By yearFY2020–FY2024
Revenue
$307.7M
FY2021▲ +29%
Revenue by fiscal year
FY2020$238.7M
FY2021$307.7M
FY2022$238.0M
FY2023$329.5M
FY2024$297.9M
Expenses
$162.6M
FY2021▲ +16%
Expenses by fiscal year
FY2020$140.7M
FY2021$162.6M
FY2022$215.1M
FY2023$216.7M
FY2024$209.0M
Net assets
$806.1M
FY2021▲ +27%
Net assets by fiscal year
FY2020$633.5M
FY2021$806.1M
FY2022$769.3M
FY2023$933.6M
FY2024$1.1B

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $156.1M Management & general 4% · $6.0M Fundraising 0% · $392K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

34 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$482,136Pt VII · Sec A
Chief Development Officer
$165,187Pt VII · Sec A
Executive Director
$153,036Pt VII · Sec A
Executive Director
$144,475Pt VII · Sec A
Executive Director
$136,383Pt VII · Sec A
Deputy Director
$136,296Pt VII · Sec A
Chief Operating Officer
$84,443Pt 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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aYes

Programs and updates

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

This section is blank until Tulsa Community Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $156.1M of program spending, described in the organization's own filed words · FY2021.
01

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

$156.1Mprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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 →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$307.7M
Ln 12
Gifts and grantsLn 1h$273.8M
Investment incomeLn 3$30.7M
Fees for servicesLn 2g$3.0M
Money outPt IX
$162.6M
Ln 25
Programscol B$156.1M
Managementcol C$6.0M
Fundraisingcol D$392K
Owns and owesPt X
$806.1M
net assets · Ln 32
Cash and savingsLn 1–2$214.6M
Total assetsLn 16$812.0M
LiabilitiesLn 26$5.9M
PeoplePt VI, VII
34
listed · VII A
PaidVII A7
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$273.8M
Noncash giftsLn 1g$54.4M
Fundraising eventsLn 1c$775K
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$30.7M
Other incomeLn 4–11$117K
Gains on assetsLn 7$21.3M
Total revenueLn 12$307.7M
Assets in detailPt X, end of year
SavingsLn 2$214.6M
Cash and savings togetherLn 1–2$214.6M
InvestmentsLn 11–13$504.1M
Land, buildings, equipmentLn 10c$25.1M
Other assetsLn 15$572K
Total assetsLn 16$812.0M
LiabilitiesLn 26$5.9M
Net assetsLn 32$806.1M
OperationsPt I, VI
EmployeesI 5222
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$201.5M$214.6M
InvestmentsLn 11–13$375.4M$504.1M
Land, buildings, equipmentLn 10c$10.8M$25.1M
Total assetsLn 16$666.0M$812.0M
LiabilitiesLn 26$32.6M$5.9M
Net assetsLn 32$633.5M$806.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$126.4M$126.4M
Grants to domestic individualsLn 2$1.2M$1.2M
Grants and assistance to foreign recipientsLn 3$107K$107K
Pay of current officers, directors and key staffLn 5$641K$320K$204K$116K
Other salaries and wagesLn 7$8.5M$5.6M$2.7M$197K
Pension plan contributionsLn 8$409K$262K$134K$13K
Other employee benefitsLn 9$187K$109K$70K$8K
Payroll taxesLn 10$592K$392K$183K$16K
Legal feesLn 11b$71$71
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$150K$150K
Investment management feesLn 11f$2.0M$2.0M
Office expensesLn 13$52K$52K
Information technologyLn 14$54K$54K
OccupancyLn 16$112K$101K$11K
TravelLn 17$31K$15K$15K
Conferences, conventions and meetingsLn 19$979$979
Depreciation, depletion and amortizationLn 22$608K$595K$13K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$21.3M$20.9M$422K$30K
All other expensesLn 24e$158K$158K
Total functional expensesLn 25$162.6M$156.1M$6.0M$392K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $297.9M$209.0M$88.9M$1.1B 990 PDF
FY2023 $329.5M$216.7M$112.8M$933.6M 990 PDF
FY2022 $238.0M$215.1M$22.9M$769.3M 990 PDF
FY2021 Viewing $307.7M$162.6M$145.2M$806.1M 990 PDF
FY2020 $238.7M$140.7M$98.0M$633.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $307,738,379 across 13 lines filed
VIII-1b Membership dues$145,875
VIII-1c Fundraising events$774,555
VIII-1d Related organizations$66,361,339
VIII-1f All other contributions, gifts and grants$206,556,098
VIII-1g Noncash contributions (included above)$54,407,971
VIII-1h Total contributions, gifts and grants$273,837,867
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,039,425$3,039,425
VIII-3 Investment incomeExcluded from tax $9,471,482$9,471,482
VIII-5 RoyaltiesExcluded from tax $21,549$21,549
VIII-7 Net gain or loss on sales of assetsExcluded from tax $21,272,396$21,272,396
VIII-8 Net income from fundraising eventsExcluded from tax −$91,566−$91,566
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $187,226$187,226
VIII-12 Total revenueRelated to mission $3,039,425 · Unrelated business $0 · Excluded from tax $30,861,087$307,738,379
Part IX · Statement of functional expenses $162,571,997 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $126,417,346$126,417,346
IX-2 Grants to domestic individualsPrograms $1,201,666$1,201,666
IX-3 Grants and assistance to foreign recipientsPrograms $107,000$107,000
IX-5 Pay of current officers, directors and key staffPrograms $320,463 · Management $203,994 · Fundraising $116,470$640,927
IX-7 Other salaries and wagesPrograms $5,554,260 · Management $2,732,853 · Fundraising $197,257$8,484,370
IX-8 Pension plan contributionsPrograms $262,296 · Management $133,986 · Fundraising $13,213$409,495
IX-9 Other employee benefitsPrograms $108,598 · Management $69,781 · Fundraising $8,255$186,634
IX-10 Payroll taxesPrograms $392,193 · Management $183,390 · Fundraising $15,950$591,533
IX-11b Legal feesPrograms $71$71
IX-11c Accounting feesManagement $57,362$57,362
IX-11d Lobbying feesPrograms $150,000$150,000
IX-11f Investment management feesManagement $1,990,879$1,990,879
IX-13 Office expensesManagement $51,816$51,816
IX-14 Information technologyManagement $53,542$53,542
IX-16 OccupancyManagement $101,095 · Fundraising $11,233$112,328
IX-17 TravelPrograms $15,410 · Management $15,411$30,821
IX-19 Conferences, conventions and meetingsManagement $979$979
IX-22 Depreciation, depletion and amortizationPrograms $594,970 · Management $12,782$607,752
IX-23 InsuranceManagement $7,436$7,436
IX-24 Other expenses (24a–d)Programs $20,859,496 · Management $422,012 · Fundraising $30,088$21,311,596
IX-24e All other expensesPrograms $158,444$158,444
IX-25 Total functional expensesPrograms $156,142,213 · Management $6,037,318 · Fundraising $392,466$162,571,997
Part X · Balance sheet $812,010,286 assets, 18 lines filed
X-2 Savings and temporary cash investmentsStart of year $201,534,542$214,624,470
X-3 Pledges and grants receivableStart of year $77,327,712$66,964,351
X-4 Accounts receivableStart of year $675,039$669,603
X-9 Prepaid expenses and deferred chargesStart of year $16,459$16,459
X-10c Land, buildings and equipment, netStart of year $10,801,369$25,068,344
X-11 Publicly traded securitiesStart of year $288,974,368$414,350,747
X-12 Other securitiesStart of year $85,426,925$87,399,980
X-13 Program-related investmentsStart of year $968,500$2,344,500
X-15 Other assetsStart of year $305,557$571,832
X-16 Total assetsStart of year $666,030,471$812,010,286
X-17 Accounts payable and accrued expensesStart of year $501,572$484,305
X-18 Grants payableStart of year $69,519$1,383,939
X-25 Other liabilitiesStart of year $31,998,359$4,000,000
X-26 Total liabilitiesStart of year $32,569,450$5,868,244
X-27 Net assets without donor restrictionsStart of year $567,385,119$759,203,625
X-28 Net assets with donor restrictionsStart of year $66,075,902$46,938,417
X-32 Total net assets or fund balancesStart of year $633,461,021$806,142,042
X-33 Total liabilities and net assetsStart of year $666,030,471$812,010,286
Part XI · Reconciliation of net assets $806,142,042 net assets at year end
XI-1 Total revenue$307,738,379
XI-2 Total expenses$162,571,997
XI-3 Revenue less expenses$145,166,382
XI-4 Net assets at start of year$633,461,021
XI-5 Net unrealized gains (losses) on investments$27,514,639
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$806,142,042

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.