Civic Intelligence

Bokf Foundation

EIN 73-1580807 • 501(c)3 • Tulsa, OK

Profile

To benefit, perform the functions of, or carry out the purposes of that class of publicly supported organizations, including tulsa community foundation, that are described in sections 501(c)(3) and 509(a)(1) or (2) of the internal revenue code and that engage in charitable activities which are consistent with the charitable purposes of tulsa community foundation.

PO Box 2300 11nwTulsa, OK 74192

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

69%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

94th percentile

117%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$27,919,026

Up $11,401,134 (+69%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$27,919,026

Up $11,401,134 (+69%) from 2023

Revenue

Up

$18,892,658

Up $10,188,136 (+117%) from 2023

Expenses

Down

$7,491,527

Down $827,907 (-10.0%) from 2023

Net Income

Up

$11,401,131

Up $11,016,043 (+2861%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $9,022,585Liabilities 2010: $0Net Assets 2010: $9,022,5852010Assets 2011: $9,953,323Liabilities 2011: $0Net Assets 2011: $9,953,3232011Assets 2012: $10,218,163Liabilities 2012: $0Net Assets 2012: $10,218,1632012Assets 2013: $12,106,316Liabilities 2013: $0Net Assets 2013: $12,106,3162013Assets 2014: $15,158,264Liabilities 2014: $0Net Assets 2014: $15,158,2642014Assets 2015: $12,458,846Liabilities 2015: $0Net Assets 2015: $12,458,8462015Assets 2016: $9,822,477Liabilities 2016: $0Net Assets 2016: $9,822,4772016Assets 2017: $8,685,679Liabilities 2017: $0Net Assets 2017: $8,685,6792017Assets 2018: $12,041,323Liabilities 2018: $0Net Assets 2018: $12,041,3232018Assets 2019: $10,801,636Liabilities 2019: $279,987Net Assets 2019: $10,521,6492019Assets 2020: $13,836,974Liabilities 2020: $0Net Assets 2020: $13,836,9742020Assets 2021: $18,840,585Liabilities 2021: $0Net Assets 2021: $18,840,5852021Assets 2022: $16,132,802Liabilities 2022: $0Net Assets 2022: $16,132,8022022Assets 2023: $16,517,892Liabilities 2023: $0Net Assets 2023: $16,517,8922023Assets 2024: $27,919,026Liabilities 2024: $0Net Assets 2024: $27,919,0262024

Highlighted filing

2024

Assets$27,919,026
Liabilities$0
Net Assets$27,919,026

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2010: $404,060Expenses 2010: $3,664,093Net Income 2010: -$3,260,0332010Revenue 2011: $4,918,505Expenses 2011: $3,996,333Net Income 2011: $922,1722011Revenue 2012: $4,574,495Expenses 2012: $4,542,665Net Income 2012: $31,8302012Revenue 2013: $6,710,407Expenses 2013: $4,791,057Net Income 2013: $1,919,3502013Revenue 2014: $7,774,382Expenses 2014: $4,723,434Net Income 2014: $3,050,9482014Revenue 2015: $2,001,319Expenses 2015: $4,700,327Net Income 2015: -$2,699,0082015Revenue 2016: $2,315,662Expenses 2016: $4,952,031Net Income 2016: -$2,636,3692016Revenue 2017: $3,070,417Expenses 2017: $4,207,215Net Income 2017: -$1,136,7982017Revenue 2018: $7,919,451Expenses 2018: $4,563,807Net Income 2018: $3,355,6442018Revenue 2019: $3,467,423Expenses 2019: $4,987,096Net Income 2019: -$1,519,6732019Revenue 2020: $9,408,759Expenses 2020: $6,093,430Net Income 2020: $3,315,3292020Revenue 2021: $10,529,453Expenses 2021: $5,525,842Net Income 2021: $5,003,6112021Revenue 2022: $2,558,715Expenses 2022: $5,266,500Net Income 2022: -$2,707,7852022Revenue 2023: $8,704,522Expenses 2023: $8,319,434Net Income 2023: $385,0882023Revenue 2024: $18,892,658Expenses 2024: $7,491,527Net Income 2024: $11,401,1312024

Highlighted filing

2024

Revenue$18,892,658
Expenses$7,491,527
Net Income$11,401,131

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.9$0.00$27.9$18.9$7.49$11.4
2023Detailed filing. Detailed filing data is available for this year.$16.5$0.00$16.5$8.70$8.32$0.39
2022Detailed filing. Detailed filing data is available for this year.$16.1$0.00$16.1$2.56$5.27$2.71
2021Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$10.5$5.53$5.00
2020Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$9.41$6.09$3.32
2019Summary only. Only limited summary data is available for this year.$10.8$0.28$10.5$3.47$4.99$1.52
2018Summary only. Only limited summary data is available for this year.$12.0$0.00$12.0$7.92$4.56$3.36
2017Summary only. Only limited summary data is available for this year.$8.69$0.00$8.69$3.07$4.21$1.14
2016Summary only. Only limited summary data is available for this year.$9.82$0.00$9.82$2.32$4.95$2.64
2015Summary only. Only limited summary data is available for this year.$12.5$0.00$12.5$2.00$4.70$2.70
2014Summary only. Only limited summary data is available for this year.$15.2$0.00$15.2$7.77$4.72$3.05
2013Summary only. Only limited summary data is available for this year.$12.1$0.00$12.1$6.71$4.79$1.92
2012Summary only. Only limited summary data is available for this year.$10.2$0.00$10.2$4.57$4.54$0.03
2011Summary only. Only limited summary data is available for this year.$9.95$0.00$9.95$4.92$4.00$0.92
2010Summary only. Only limited summary data is available for this year.$9.02$0.00$9.02$0.40$3.66$3.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$37,092,106
Mission and Program Overview

Mission

To benefit, perform the functions of, or carry out the purposes of that class of publicly supported organizations, including tulsa community foundation, that are described in sections 501(c)(3) and 509(a)(1) or (2) of the internal revenue code and that engage in charitable activities which are consistent with the charitable purposes of tulsa community foundation.

Bokf foundation is a supporting organization of tulsa community foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$16,517,892$27,919,026▲ $11,401,134
Cash and Non-Interest-Bearing Accounts$1,987,817$13,403,320▲ $11,415,503
Land, Buildings, and Equipment, Net$10,800,481$10,800,481→ $0
Investments in Publicly Traded Securities$0$4▲ $4
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$16,517,892$27,919,026▲ $11,401,134
Other Assets Total$3,729,594$3,715,221▼ $14,373
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,517,892$27,919,026▲ $11,401,134
Total Liabilities and Net Assets / Fund Balance$16,517,892$27,919,026▲ $11,401,134

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,800,480-$10,800,480
Buildings$1-$1
Other Assets Org$2,665,216--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leslie ParisPresident
Phillip Lakin JrVice President
Fred DorwartDirector
Mark GrahamSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,688,053
Program Service Revenue
$0
Investment Income
$81,507
Other Revenue
$1,123,098
All Other Contributions
$17,688,053
Change in Net Assets
$11,401,131

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$9,974,928Fair Market Value
Real Estate Commercial1$7,700,000Appraisal
Total Noncash Contributions2$17,674,928-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,307,336
Other Expenses$184,191
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,307,336--$7,307,336
Fees for Services Other$156,446--$156,446
Insurance$27,745--$27,745
Total Functional Expenses$7,491,527$0$0$7,491,527
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attachment 1--Contributions$7,307,336
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

BOKF Foundation is organized and operated exclusively in the State of Oklahoma as a not-for-profit corporation for exempt purposes within the meaning of Section 501(c)(3) of the Code. This corporation does not have authority to issue capital stock.

Form 990, Part VI, Section A, Line 7A

Tulsa Community Foundation (the supported organization) appoints the TCF Class of Directors. George B. Kaiser appoints the Donor Class director. The Board of Directors shall always have at least a simple majority of TCF Class directors.

Form 990, Part VI, Section A, Line 8B

BOKF Foundation does not currently have any committees.

Form 990, Part VI, Section B, Line 11

Each of the directors receives and reviews a copy of the Form 990 prior to filing. Completed return is signed by one of the board members.

Form 990, Part VI, Section B, Line 12C

Compliance with the conflict of interest policy is monitored annually at a directors meeting. Each director signs a form stating his compliance with the policy.

Form 990, Part VI, Section C, Line 19

BOKF Foundation makes legally required documents available to the public upon request at the organization office.

Form 990, Part VII, Column B

Phillip Lakin Jr. devoted fifty five (55) average hours per week to Tulsa Community Foundation.

Form 990, Schedule D, Part VI

Bokf foundation owns a building that is under a long-term lease arrangement with a subsidiary of tulsa community foundation. The amortized lease receivable balance is $2,665,216 and is reported on line 15 of the balance sheet and part ix of schedule d.

Filing and Contact Details

Filer

Filer Name
Bokf Foundation
EIN
73-1580807
In Care Of
% LESLIE PARIS
Phone
9185886831
Address
PO BOX 2300 11NW, TULSA, OK 74192

Signing Officer

Name
Phillip Lakin Jr
Title
Vice President
Phone
9185886327
Signed
2025-11-15

Organization Details

Principal Officer
Phillip Lakin Jr
Formed
2000
Legal Domicile
Ok
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
7
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12B

Because BOKF Foundation is a supporting organization of Tulsa Community Foundation, BOKF Foundation is included in Tulsa Community Foundation's audited financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TULSA COMMUNITY FOUNDATION
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12665216
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LEASEHOLD INT IN CONV. STORE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASEHOLD INT IN 215E ARCHER S
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010800480
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010800480
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IRS990ScheduleI/RecipientTable/CashGrantAmt07307336
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTRIBUTIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEE ATTACHMENT 1
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AS PART OF ITS DUE DILIGENCE PROCEDURES AND PRIOR TO GRANT DISBURSEMENT, BOKF FOUNDATION VERIFIES THAT A GRANTEE ORGANIZATION IN THE U.S. IS A 170(B)(1)(A) ORGANIZATION BY REVIEWING THE ORGANIZATION'S INFORMATION ON WWW.GUIDESTAR.ORG FOR ITS MISSION STATEMENT, LIST OF GOVERNING BOARD MEMBERS AND/OR RECENT FINANCIAL STATEMENTS AND/OR FORM 990. IF ANY OF THESE DOCUMENTS ARE NOT AVAILABLE OR ARE OUT OF DATE ON GUIDESTAR, BOKF FOUNDATION REQUESTS SOME OR ALL OF THE CURRENT DOCUMENTS FROM THE GRANTEE ORGANIZATION. BOKF FOUNDATION MAINTAINS A RECORD OF DISTRIBUTIONS AND A COPY OF EACH RECIPIENT'S IRS ISSUED 501(C)(3) LETTER IS OBTAINED AND KEPT WITH THE FOUNDATION'S PERMANENT RECORDS. GRANT AGREEMENTS, TERMS OF WHICH SELF-EXECUTE UPON NEGOTIATION OF THE GRANT OR WIRE, ACCOMPANY ALL APPROVED GRANTS AND WILL BE RETURNED TO BOKF FOUNDATION. A COPY OF THIS SIGNED LETTER IS KEPT WITH FOUNDATION'S PERMANENT RECORDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Line 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt056967
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP LAKIN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0725133
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BOKF Foundation's supported organization, Tulsa Community Foundation (TCF), used the following to establish the compensation of TCF's executive director, Phillip Lakin, Jr: Compensation committee; Form 990 of other organizations; Compensation survey or study; Approval by the board or compensation committee.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
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IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0LINE 16: AN APPRAISAL WAS PREPARED BY COLLIERS INTERNATIONAL VALUATION & ADVISORY SERVICES.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch M
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Because BOKF Foundation is a supporting organization of Tulsa Community Foundation, BOKF Foundation is included in Tulsa Community Foundation's audited financial statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOKF Foundation is organized and operated exclusively in the State of Oklahoma as a not-for-profit corporation for exempt purposes within the meaning of Section 501(c)(3) of the Code. This corporation does not have authority to issue capital stock.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Tulsa Community Foundation (the supported organization) appoints the TCF Class of Directors. George B. Kaiser appoints the Donor Class director. The Board of Directors shall always have at least a simple majority of TCF Class directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOKF Foundation does not currently have any committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Each of the directors receives and reviews a copy of the Form 990 prior to filing. Completed return is signed by one of the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compliance with the conflict of interest policy is monitored annually at a directors meeting. Each director signs a form stating his compliance with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOKF Foundation makes legally required documents available to the public upon request at the organization office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Phillip Lakin Jr. devoted fifty five (55) average hours per week to Tulsa Community Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOKF FOUNDATION OWNS A BUILDING THAT IS UNDER A LONG-TERM LEASE ARRANGEMENT WITH A SUBSIDIARY OF TULSA COMMUNITY FOUNDATION. THE AMORTIZED LEASE RECEIVABLE BALANCE IS $2,665,216 AND IS REPORTED ON LINE 15 OF THE BALANCE SHEET AND PART IX OF SCHEDULE D.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 12B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, SCHEDULE D, PART VI
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TULSA COMMUNITY FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FUNDING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07030 SOUTH YALE AVE SUITE 600
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TULSA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
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