Civic Intelligence

Oklahoma Educational Memorial Trust Foundation

990 • Fiscal year 2018 • EIN 73-6097975

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

2200 S Utica 150Tulsa, OK 74114

(918) 599-0045

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

60th percentile

4.1%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,173,774

Up $84,905 (+4.1%) from 2017

Net Assets

Up

$2,173,774

Up $84,905 (+4.1%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$155,755

Up $28,799 (+23%) from 2017

Expenses

Up

$86,242

Up $4,112 (+5.0%) from 2017

Net Income

Up

$69,513

Up $24,687 (+55%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,563,471Liabilities 2011: $0Net Assets 2011: $1,563,4712011Assets 2012: $1,633,672Liabilities 2012: $0Net Assets 2012: $1,633,6722012Assets 2013: $1,725,418Liabilities 2013: $0Net Assets 2013: $1,725,4182013Assets 2014: $2,026,232Liabilities 2014: $0Net Assets 2014: $2,026,2322014Assets 2015: $1,992,959Liabilities 2015: $0Net Assets 2015: $1,992,9592015Assets 2016: $1,960,818Liabilities 2016: $0Net Assets 2016: $1,960,8182016Assets 2017: $2,088,869Liabilities 2017: $0Net Assets 2017: $2,088,8692017Assets 2018: $2,173,774Liabilities 2018: $0Net Assets 2018: $2,173,7742018Assets 2019: $2,378,833Liabilities 2019: $0Net Assets 2019: $2,378,8332019Assets 2020: $2,486,343Liabilities 2020: $0Net Assets 2020: $2,486,3432020Assets 2021: $10,879,262Liabilities 2021: $0Net Assets 2021: $10,879,2622021Assets 2022: $10,207,926Liabilities 2022: $0Net Assets 2022: $10,207,9262022Assets 2023: $11,034,761Liabilities 2023: $0Net Assets 2023: $11,034,7612023Assets 2024: $12,636,066Liabilities 2024: $0Net Assets 2024: $12,636,0662024Assets 2025: $14,620,917Liabilities 2025: $0Net Assets 2025: $14,620,9172025

Highlighted filing

2018

Assets$2,173,774
Liabilities$0
Net Assets$2,173,774

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $144,4022011Expenses 2012: $85,3362012Revenue 2013: $75,656Expenses 2013: $160,782Net Income 2013: -$85,1262013Revenue 2014: $234,133Expenses 2014: $21,258Net Income 2014: $212,8752014Revenue 2015: $140,757Expenses 2015: $79,232Net Income 2015: $61,5252015Revenue 2016: $33,089Expenses 2016: $77,380Net Income 2016: -$44,2912016Revenue 2017: $126,956Expenses 2017: $82,130Net Income 2017: $44,8262017Revenue 2018: $155,755Expenses 2018: $86,242Net Income 2018: $69,5132018Revenue 2019: $255,539Expenses 2019: $100,904Net Income 2019: $154,6352019Revenue 2020: $38,673Expenses 2020: $84,969Net Income 2020: -$46,2962020Revenue 2021: $6,857,683Expenses 2021: $136,095Net Income 2021: $6,721,5882021Revenue 2022: $800,238Expenses 2022: $200,269Net Income 2022: $599,9692022Revenue 2023: $138,693Expenses 2023: $254,875Net Income 2023: -$116,1822023Revenue 2024: $592,340Expenses 2024: $313,091Net Income 2024: $279,2492024Revenue 2025: $1,545,772Expenses 2025: $429,214Net Income 2025: $1,116,5582025

Highlighted filing

2018

Revenue$155,755
Expenses$86,242
Net Income$69,513
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$843,647
Mission and Program Overview

Mission

Providing, maintaining and issuing scholarships to eligible nominees or applicants for admission to college or for contributions to regularly maintained scholarship funds of other federal tax exempt colleges and universities with an emphasis on graduates of tulsa, ok public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,960,818$2,088,869▲ $128,051
Investments in Publicly Traded Securities$1,989,582$2,010,437▲ $20,855
Cash and Non-Interest-Bearing Accounts$99,287$163,337▲ $64,050
Rtn Earn Endowment Incm Other Fnds$128,051$84,905▼ $43,146
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,088,869$2,173,774▲ $84,905
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,088,869$2,173,774▲ $84,905
Total Liabilities and Net Assets / Fund Balance$2,088,869$2,173,774▲ $84,905
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,302
Program Service Revenue
$0
Investment Income
$129,453
Other Revenue
$0
All Other Contributions
$26,302
Change in Net Assets
$69,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$62,435
Other Expenses$23,807
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$62,435--$62,435
Fees for Service Investment Mgmnt Fees-$13,577-$13,577
Fees for Services Accounting-$8,045-$8,045
Other Expenses-$205-$205
Total Functional Expenses$62,435$23,807$0$86,242
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tulsa Community CollegeTulsa, OK-Scholarship Grants-
University of TulsaTulsa, OK-Scholarship Grants-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Both the trustee and the board review all underlying monetary and factual information prior to the irs form 990 being filed.

Form 990, Part VI, Section C, Line 19

Copies of the tax returns are available to the public through several internet websites such as guidestar and upon written request. Capital advisors maintains a close and continuous working relationship with the trustees and other officers of the organization. The governing documents are not available to the general public, but have been given and are available to all interested parties such as beneficiaries, trustees, executors, etc. The organization does have a public conflict of interest policy in addition to those limitations imposed in the governing documents and state law of trustee powers are strictly followed. Financial statements and the tax return are sent to the board of trustees and officers for review and comment.

Filing and Contact Details

Filer

Filer Name
Oklahoma Educational Memorial Trust Fdn
EIN
73-6097975
Phone
9185990045
Address
2200 S UTICA 150, TULSA, OK 74114

Signing Officer

Name
Rick Arrington
Title
President
Phone
9186312000
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Arrington
Formed
1958
Legal Domicile
Ok
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Jay & Associates Pc
Address
4312 E 51ST STREET, TULSA, OK 74135
Preparer
S Neil Jay CPA
Phone
9184920106
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt14500
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt411185
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt55000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt63500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt78500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt81000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt91000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt101000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt11500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt121500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt131000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt141500
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt151000
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt242000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTHEASTERN STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1OKLAHOMA STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2ORAL ROBERTS UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3ROGERS STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4TULSA COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5UNIVERSITY OF CENTRAL OKLAHOMA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$0.00$14.6$1.55$0.43$1.12
2024Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$0.59$0.31$0.28
2023Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.14$0.25$0.12
2022Detailed filing. Detailed filing data is available for this year.$10.2$0.00$10.2$0.80$0.20$0.60
2021Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$6.86$0.14$6.72
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$0.04$0.08$0.05
2019Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.26$0.10$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.16$0.09$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$0.13$0.08$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.03$0.08$0.04
2015Summary only. Only limited summary data is available for this year.$1.99$0.00$1.99$0.14$0.08$0.06
2014Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.23$0.02$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.00$1.73$0.08$0.16$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.00$1.56$0.14