Talor Gooch Foundation INC

Tax-deductible

Norman, OK501(c)(3)Foundations & GrantmakersEIN 87-4158937Revenue $410K in FY2024

On file with the IRStalorgoochfoundation.org2401 Tee Cir Ste 103, 73069-6207 · Norman, OKTax-exempt since Apr 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation's primary charitable purpose is to provide grant funding to tax- exempt organizations recognized under Section 501(c)(3) of the United States Internal Revenue Code of 1986, as amended, that support a variety of philanthropic initiatives, programs and activities addressing a qualified charitable purpose that are of particular interest to its Board of Directors.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$73K 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

FY2024 · 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
2 of 3
filings with a surplus
Average surplus $55K a year · 13% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$73K
to officers and key staff · 19% of spending
Top officer’s pay higher than 68% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
+18% vs prior year
Spent
$390K
To programs
86%
Net assets
$285K
By yearFY2021–FY2024
Revenue
$410K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$120K
FY2022$513K
FY2023$347K
FY2024$410K
Expenses
$390K
FY2024▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$251K
FY2023$465K
FY2024$390K
Net assets
$285K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$120K
FY2022$383K
FY2023$265K
FY2024$285K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $336K Management & general 6% · $22K Fundraising 8% · $32K

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

5 people listed on the 990; $73K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & Secr
$72,903Pt VII · Sec A
Director & Pres
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Kelsey Cline’s $73K as Director & Secr is at the 68th percentile of top reported officer pay among 1265 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Kelsey Cline$72,903$90,926$44,047

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 15aYes

Programs and updates

Funds tax-exempt groups supporting charitable initiatives chosen by its board.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2024
01

Since inception, the Foundation has provided $622,477 in funding to qualifying charitable purposes in accordance with its stated mission.

$336Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$17K
Grants paid · 15 grants · $584K · 2022–2024
Positive Tomorrows INCOK · FY2024$50,000
Hope Is Alive Ministries INCOK · FY2024$50,000
Oklahoma Golf Assn FoundationOK · FY2024$20,000
Astros Golf FoundationTX · FY2024$18,228
3bird Kids Foundation INCOK · FY2024$11,442
Fields & Futures FoundationOK · FY2024$10,000
Carl Albert High SchoolFY2024$7,500
Hope Is Alive Ministries INCOK · FY2023$100,000
Positive Tomorrows INCOK · FY2023$50,000
Oklahoma Golf Assn FoundationOK · FY2023$10,000
Positive Tomorrows INCOK · FY2022$114,000
Hope Is Alive Ministries INCOK · FY2022$40,000
Oklahoma Golf Assn FoundationOK · FY2022$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Other incomeLn 4–11$334K
Gifts and grantsLn 1h$66K
Investment incomeLn 3$10K
Money outPt IX
$390K
Ln 25
Programscol B$336K
Managementcol C$22K
Fundraisingcol D$32K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$298K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Investment incomeLn 3$10K
Other incomeLn 4–11$334K
Gains on assetsLn 7$0
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$213K
Cash and savings togetherLn 1–2$296K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$298K
LiabilitiesLn 26$13K
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$253K$296K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$271K$298K
LiabilitiesLn 26$6K$13K
Net assetsLn 32$265K$285K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$239K$239K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$73K$51K$7K$15K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$2K$1K$550$549
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$35K$25K$4K$7K
Office expensesLn 13$76$34$18$24
Information technologyLn 14$921$461$230$230
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$32K$16K$8K$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$814$407$406
Other expenses (24a–d)Ln 24$6K$3K$1K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$390K$336K$22K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $410K$390K$20K$285K 990 PDF
FY2023 $347K$465K−$118K$265K 990 PDF
FY2022 $513K$251K$263K$383K 990 PDF
FY2021 $120K$120K 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
See the full FY2024 990 (6 parts)
Part I · Summary $410,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,311$66,401
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,566$9,985
I-11 Other revenuePrior year $277,102$333,974
I-12 Total revenuePrior year $346,979$410,360
I-13 Grants and similar amounts paidPrior year $219,810$238,667
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $90,926$72,903
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $153,956$78,367
I-18 Total expensesPrior year $464,692$389,937
I-19 Revenue less expensesPrior year −$117,713$20,423
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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 $410,360 across 8 lines filed
VIII-1f All other contributions, gifts and grants$66,401
VIII-1h Total contributions, gifts and grants$66,401
VIII-3 Investment incomeRelated to mission $9,985$9,985
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$333,974
VIII-12 Total revenueRelated to mission $9,985$410,360
Part IX · Statement of functional expenses $389,937 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $238,667$238,667
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $51,032 · Management $7,290 · Fundraising $14,581$72,903
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,099 · Management $550 · Fundraising $549$2,198
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $24,618 · Management $3,517 · Fundraising $7,034$35,169
IX-13 Office expensesPrograms $34 · Management $18 · Fundraising $24$76
IX-14 Information technologyPrograms $461 · Management $230 · Fundraising $230$921
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $16,195 · Management $8,097 · Fundraising $8,097$32,389
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $814 · Management $407 · Fundraising $406$1,627
IX-24 Other expenses (24a–d)Programs $2,994 · Management $1,498 · Fundraising $1,495$5,987
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $335,914 · Management $21,607 · Fundraising $32,416$389,937
Part X · Balance sheet $298,261 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $150$83,392
X-2 Savings and temporary cash investmentsStart of year $252,420$212,511
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $277$277
X-8 Inventories for sale or use$2,081
X-9 Prepaid expenses and deferred chargesStart of year $17,869$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $270,716$298,261
X-17 Accounts payable and accrued expensesStart of year $5,872$12,994
X-26 Total liabilitiesStart of year $5,872$12,994
X-32 Total net assets or fund balancesStart of year $264,844$285,267
X-33 Total liabilities and net assetsStart of year $270,716$298,261
Part XI · Reconciliation of net assets $285,267 net assets at year end
XI-1 Total revenue$410,360
XI-2 Total expenses$389,937
XI-3 Revenue less expenses$20,423
XI-4 Net assets at start of year$264,844
XI-10 Net assets at end of year$285,267

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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