Tulsa Community Foundation FY2023 filing

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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.
$1.6M 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

FY2023 · 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
$1.6M
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Plus $620.3M in investments, Pt X · Ln 11–13
Looks good: 14.2 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
$9.1M
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 27 voting members
Looks good: 25 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
$329.5M
+38% vs prior year
Spent
$216.7M
To programs
96%
Net assets
$933.6M
By yearFY2020–FY2024
Revenue
$329.5M
FY2023▲ +38%
Tap a bar for its year
Revenue by fiscal year
FY2020$238.7M
FY2021$307.7M
FY2022$238.0M
FY2023$329.5M
FY2024$297.9M
Expenses
$216.7M
FY2023▲ +0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$140.7M
FY2021$162.6M
FY2022$215.1M
FY2023$216.7M
FY2024$209.0M
Net assets
$933.6M
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$633.5M
FY2021$806.1M
FY2022$769.3M
FY2023$933.6M
FY2024$1.1B

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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% · $208.6M Management & general 4% · $7.6M Fundraising 0% · $507K

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

34 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$628,288Pt VII · Sec A
Executive Director
$224,412Pt VII · Sec A
Executive Director
$180,232Pt VII · Sec A
Controller
$172,084Pt VII · Sec A
Director of Analytics
$159,452Pt VII · Sec A
Executive Director
$159,444Pt VII · Sec A
Chief Operating Officer
$86,950Pt 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 →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • 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.

Questions for Tulsa Community Foundation

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2 programs · $208.6M · in their own filed words · FY2023
01

The foundation achieved its primary purpose by making thousands of charitable grants and providing charitable services to support the charitable needs of those in the tulsa metropolitan area and united states. See schedule I for more information.

$156.4Mprogram expense
02

See schedule o.

$52.1Mprogram expense

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 →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $6.0M federal money spent
Regional Technology and Innovation HubsDepartment of Commerce · ALN 11.039 · Direct$4.5M
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$967K
Youth Homelessness Demonstration ProgramDepartment of Housing and Urban Development · ALN 14.276 · Direct$530K
Conservation Research and DevelopmentDepartment of Energy · ALN 81.086 · Through Indian National Council of Governments$50K
Volunteer Income Tax Assistance (vita) Matching Grant ProgramDepartment of the Treasury · ALN 21.009 · Direct$31K

The auditor reported 6 findings: a weakness in money controls.

Year ending Dec 2024 · $1.4M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Board of County Commissioners of Tulsa County and 1 more$765K
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$373K
Youth Homelessness Demonstration ProgramDepartment of Housing and Urban Development · ALN 14.276 · Direct$174K
Regional Technology and Innovation HubsDepartment of Commerce · ALN 11.039 · Direct$110K
Build to ScaleDepartment of Commerce · ALN 11.024 · Direct$812

The auditor reported 15 findings: a material weakness in money controls.

Year ending Dec 2023 · $1.8M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Direct$1.1M
Gus Schumacher Nutrition Incentive ProgramDepartment of Agriculture · ALN 10.331 · Direct$361K
Cooperative Extension ServiceDepartment of Agriculture · ALN 10.500 · Direct$158K
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Direct$133K
Build to ScaleDepartment of Commerce · ALN 11.024 · Direct$40K

The auditor reported 10 findings: a material weakness in money controls.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$329.5M
Ln 12
Gifts and grantsLn 1h$284.4M
Investment incomeLn 3$27.4M
Fees for servicesLn 2g$11.6M
Money outPt IX
$216.7M
Ln 25
Programscol B$208.6M
Managementcol C$7.6M
Fundraisingcol D$507K
Owns and owesPt X
$933.6M
net assets · Ln 32
Cash and savingsLn 1–2$256.9M
Total assetsLn 16$942.7M
LiabilitiesLn 26$9.1M
PeoplePt VI, VII
34
listed · VII A
PaidVII A7
Voting boardVI 1a27
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$284.4M
Government grantsLn 1e$2.4M
Noncash giftsLn 1g$51.5M
Fundraising eventsLn 1c$202K
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$27.4M
Other incomeLn 4–11$6.1M
Gains on assetsLn 7−$4K
Total revenueLn 12$329.5M
Assets in detailPt X, end of year
SavingsLn 2$256.9M
Cash and savings togetherLn 1–2$256.9M
InvestmentsLn 11–13$620.3M
Land, buildings, equipmentLn 10c$18.9M
Other assetsLn 15$596K
Total assetsLn 16$942.7M
LiabilitiesLn 26$9.1M
Net assetsLn 32$933.6M
OperationsPt I, VI
EmployeesI 5222
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$39K
Noncash gifts receivedSch M Pt I$51.5M
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$1.6M$1.5M$1.9M$1.7M$1.6M
Given inLn 1b$10K$1K$1K
SpentLn 1d–1f$91K$91K$84K$82K$81K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$178.8M$256.9M
InvestmentsLn 11–13$525.2M$620.3M
Land, buildings, equipmentLn 10c$18.3M$18.9M
Total assetsLn 16$776.6M$942.7M
LiabilitiesLn 26$7.4M$9.1M
Net assetsLn 32$769.3M$933.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$174.2M$174.2M
Grants to domestic individualsLn 2$2.2M$2.2M
Grants and assistance to foreign recipientsLn 3$51K$51K
Pay of current officers, directors and key staffLn 5$807K$403K$255K$149K
Other salaries and wagesLn 7$11.4M$7.6M$3.6M$248K
Pension plan contributionsLn 8$635K$416K$202K$17K
Other employee benefitsLn 9$1.1M$731K$328K$21K
Payroll taxesLn 10$883K$582K$278K$23K
Legal feesLn 11b$254$254
Accounting feesLn 11c$76K$76K
Lobbying feesLn 11d$116K$116K
Investment management feesLn 11f$2.1M$2.1M
Office expensesLn 13$53K$53K
OccupancyLn 16$152K$136K$15K
TravelLn 17$64K$32K$32K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$98K$80K$18K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$20.8M$20.8M
All other expensesLn 24e$1.9M$1.3M$518K$34K
Total functional expensesLn 25$216.7M$208.6M$7.6M$507K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $297.9M$209.0M$88.9M$1.1B 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $329.5M$216.7M$112.8M$933.6M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $238.0M$215.1M$22.9M$769.3M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $307.7M$162.6M$145.2M$806.1M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $238.7M$140.7M$98.0M$633.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $329,499,026 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $211,637,405$284,374,860
I-9 Program service revenuePrior year $10,030,411$11,571,520
I-10 Investment incomePrior year $17,983,992$27,419,355
I-11 Other revenuePrior year −$1,640,591$6,133,291
I-12 Total revenuePrior year $238,011,217$329,499,026
I-13 Grants and similar amounts paidPrior year $176,114,750$176,503,210
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,742,298$14,804,756
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,259,934$25,349,370
I-18 Total expensesPrior year $215,116,982$216,657,336
I-19 Revenue less expensesPrior year $22,894,235$112,841,690
Part VI · Governance 25 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $329,499,026 across 14 lines filed
Lines not itemized here account for $1,368,561 of total revenue; see the IRS return.
VIII-1b Membership dues$322,047
VIII-1c Fundraising events$202,468
VIII-1d Related organizations$43,098,279
VIII-1e Government grants$2,362,931
VIII-1f All other contributions, gifts and grants$238,389,135
VIII-1g Noncash contributions (included above)$51,475,170
VIII-1h Total contributions, gifts and grants$284,374,860
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,202,959$10,202,959
VIII-3 Investment incomeExcluded from tax $27,422,861$27,422,861
VIII-5 RoyaltiesExcluded from tax $57,731$57,731
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,506−$3,506
VIII-8 Net income from fundraising eventsExcluded from tax −$65,813−$65,813
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $5,119,535 · Excluded from tax $1,021,838$6,141,373
VIII-12 Total revenueRelated to mission $11,571,520 · Unrelated business $5,119,535 · Excluded from tax $28,433,111$329,499,026
Part IX · Statement of functional expenses $216,657,336 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $174,217,260$174,217,260
IX-2 Grants to domestic individualsPrograms $2,235,200$2,235,200
IX-3 Grants and assistance to foreign recipientsPrograms $50,750$50,750
IX-5 Pay of current officers, directors and key staffPrograms $403,392 · Management $254,659 · Fundraising $148,733$806,784
IX-7 Other salaries and wagesPrograms $7,593,493 · Management $3,559,500 · Fundraising $248,453$11,401,446
IX-8 Pension plan contributionsPrograms $415,872 · Management $201,825 · Fundraising $17,251$634,948
IX-9 Other employee benefitsPrograms $730,523 · Management $327,794 · Fundraising $20,616$1,078,933
IX-10 Payroll taxesPrograms $582,151 · Management $277,707 · Fundraising $22,787$882,645
IX-11b Legal feesPrograms $254$254
IX-11c Accounting feesManagement $75,517$75,517
IX-11d Lobbying feesPrograms $115,832$115,832
IX-11f Investment management feesManagement $2,103,285$2,103,285
IX-13 Office expensesManagement $53,123$53,123
IX-16 OccupancyManagement $136,430 · Fundraising $15,159$151,589
IX-17 TravelPrograms $31,753 · Management $31,754$63,507
IX-19 Conferences, conventions and meetingsManagement $3,046$3,046
IX-22 Depreciation, depletion and amortizationPrograms $79,775 · Management $18,025$97,800
IX-23 InsuranceManagement $35,500$35,500
IX-24 Other expenses (24a–d)Programs $20,750,592$20,750,592
IX-24e All other expensesPrograms $1,347,442 · Management $517,898 · Fundraising $33,985$1,899,325
IX-25 Total functional expensesPrograms $208,554,289 · Management $7,596,063 · Fundraising $506,984$216,657,336
Part X · Balance sheet $942,737,761 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $178,758,052$256,927,234
X-3 Pledges and grants receivableStart of year $52,938,493$44,158,099
X-4 Accounts receivableStart of year $1,145,253$1,812,964
X-9 Prepaid expenses and deferred chargesStart of year $4,133$44,316
X-10c Land, buildings and equipment, netStart of year $18,334,312$18,859,107
X-11 Publicly traded securitiesStart of year $425,512,623$518,947,890
X-12 Other securitiesStart of year $95,800,321$99,890,978
X-13 Program-related investmentsStart of year $3,914,964$1,501,096
X-15 Other assetsStart of year $238,965$596,077
X-16 Total assetsStart of year $776,647,116$942,737,761
X-17 Accounts payable and accrued expensesStart of year $1,149,512$4,024,671
X-25 Other liabilitiesStart of year $5,200,000$5,094,066
X-26 Total liabilitiesStart of year $7,386,734$9,118,737
X-27 Net assets without donor restrictionsStart of year $735,635,446$917,218,616
X-28 Net assets with donor restrictionsStart of year $33,624,936$16,400,408
X-32 Total net assets or fund balancesStart of year $769,260,382$933,619,024
X-33 Total liabilities and net assetsStart of year $776,647,116$942,737,761
Part XI · Reconciliation of net assets $933,619,024 net assets at year end
XI-1 Total revenue$329,499,026
XI-2 Total expenses$216,657,336
XI-3 Revenue less expenses$112,841,690
XI-4 Net assets at start of year$769,260,382
XI-5 Net unrealized gains (losses) on investments$55,322,528
XI-9 Other changes in net assets−$3,805,576
XI-10 Net assets at end of year$933,619,024

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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