Civic Intelligence

Virginia Mayo Ownby Memorial Trust

EIN 73-6214326 • 501(c)3 • Tulsa, OK

Profile

The organization was created by trust established by virginia mayo ownby. The trust instrument directs that the funds be invested, and that the income from such investments be distributed semi-annually to the university of tulsa to fund scholarships as described in part iii, line 4a.

Trust Company Of Okla PO Box 3627Tulsa, OK 74101

n/A

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-57%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-1.9%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

113%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,968,969

Down $142,974 (-4.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$2,968,969

Down $142,974 (-4.6%) from 2021

Revenue

Down

$99,321

Down $424,681 (-81%) from 2021

Expenses

Down

$156,098

Down $38,787 (-20%) from 2021

Net Income

Down

-$56,777

Down $385,894 (-117%) from 2021

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,756,941Liabilities 2011: $0Net Assets 2011: $1,756,9412011Assets 2013: $1,832,870Liabilities 2013: $0Net Assets 2013: $1,832,8702013Assets 2014: $2,021,092Liabilities 2014: $16,628Net Assets 2014: $2,004,4642014Assets 2015: $2,208,729Liabilities 2015: $4,642Net Assets 2015: $2,204,0872015Assets 2016: $2,334,922Liabilities 2016: $0Net Assets 2016: $2,334,9222016Assets 2017: $2,421,243Liabilities 2017: $4,535Net Assets 2017: $2,416,7082017Assets 2018: $2,514,106Liabilities 2018: $0Net Assets 2018: $2,514,1062018Assets 2019: $2,688,267Liabilities 2019: $0Net Assets 2019: $2,688,2672019Assets 2020: $2,782,334Liabilities 2020: $0Net Assets 2020: $2,782,3342020Assets 2021: $3,111,943Liabilities 2021: $0Net Assets 2021: $3,111,9432021Assets 2024: $2,968,969Liabilities 2024: $0Net Assets 2024: $2,968,9692024

Highlighted filing

2024

Assets$2,968,969
Liabilities$0
Net Assets$2,968,969

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $73,5972011Revenue 2013: $114,831Expenses 2013: $63,964Net Income 2013: $50,8672013Revenue 2014: $230,440Expenses 2014: $59,762Net Income 2014: $170,6782014Revenue 2015: $273,723Expenses 2015: $60,715Net Income 2015: $213,0082015Revenue 2016: $193,297Expenses 2016: $70,524Net Income 2016: $122,7732016Revenue 2017: $180,061Expenses 2017: $72,689Net Income 2017: $107,3722017Revenue 2018: $189,932Expenses 2018: $123,795Net Income 2018: $66,1372018Revenue 2019: $295,228Expenses 2019: $123,739Net Income 2019: $171,4892019Revenue 2020: $222,935Expenses 2020: $134,879Net Income 2020: $88,0562020Revenue 2021: $524,002Expenses 2021: $194,885Net Income 2021: $329,1172021Revenue 2024: $99,321Expenses 2024: $156,098Net Income 2024: -$56,7772024

Highlighted filing

2024

Revenue$99,321
Expenses$156,098
Net Income-$56,777

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$255,783
Mission and Program Overview

Mission

The organization was created by trust established by virginia mayo ownby. The trust instrument directs that the funds be invested, and that the income from such investments be distributed semi-annually to the university of tulsa to fund scholarships as described in part iii, line 4a.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$3,025,918$2,968,969▼ $56,949
Investments in Publicly Traded Securities$3,007,465$2,899,165▼ $108,300
Cash and Non-Interest-Bearing Accounts$18,453$69,804▲ $51,351
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,025,918$2,968,969▼ $56,949
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,025,918$2,968,969▼ $56,949
Total Liabilities and Net Assets / Fund Balance$3,025,918$2,968,969▼ $56,949
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$99,107
Other Revenue
$214
Change in Net Assets
$-56,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$127,493
Other Expenses$28,605
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$127,493--$127,493
Fees for Service Investment Mgmnt Fees-$25,734-$25,734
Other Expenses-$1,200-$1,200
Fees for Services Legal-$846-$846
Fees for Services Accounting-$825-$825
Total Functional Expenses$127,493$28,605$0$156,098
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Univ of Tulsa - School of LawTulsa, OK--$63,747
Univ of Tulsa - School of BusTulsa, OK--$63,746
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
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 A, Line 8B

There are no committees with authority

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

Form 990 is reviewed by the trustee before filing with the irs.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Virginia Mayo Ownby Memorial Trust
EIN
73-6214326
Phone
9187440553
Address
TRUST COMPANY OF OKLA PO BOX 3627, TULSA, OK 74101

Signing Officer

Name
Melissa S Taylor
Title
Co-trustee
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Ok
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Halley McDaniel & Cuite PLLC
Address
2727 E 21st Street Suite 102, Tulsa, OK 74114
Preparer
Mary Jane Halley CPA
Phone
9184880809
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book/tax difference = -$172

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The governing document names the person serving as President of the University of Tulsa, or his successor or successors in office as a co-trustee with The Trust Company of Oklahoma.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DIRECT FURTHERANCE ACTIVITIES OF THE VIRGINIA OWNBY MEMORIAL TRUST INCLUDE HOLDING TITLE TO EXEMPT-USE ASSETS AND MANAGING THEM FOR GROWTH AND INCOME.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2MANAGEMENT AND INVESTMENT OF FUNDS HELD FOR THE EXEMPT PURPOSE IS AN ACTIVITY IN WHICH THE SUPPORTED ORGANIZATION, UNIVERSITY OF TULSA, WOULD NOT NORMALLY BE INVOLVED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3The President of the University of Tulsa, the supported organization, is a co-trustee of the trust, meeting the responsiveness test. The attentiveness test is met because the distributions are earmarked for the support of two unique programs of the University of Tulsa (i.e., the C.A. Mayo, Sr. Scholarship Fund and the Hugh Ownby Scholarship Fund).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section E, Line 2b: Reasons For The Organization's Position
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part V, Section D, Line 8: Distributions To Attentive Supported Organizations
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt03684845
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0101938
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt03582907
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt055273
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt03629572
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0127035
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt03684845
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0127035
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0730579298
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE UNIVERSITY OF TULSA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt063746
IRS990ScheduleI/RecipientTable/CashGrantAmt163747
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIV OF TULSA - SCHOOL OF BUS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIV OF TULSA - SCHOOL OF LAW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0600 S COLLEGE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1600 S COLLEGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TULSA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TULSA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd074104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd174104
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE TRUSTEE BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE = -$172
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03025918
IRS990/TotalAssetsEOYAmt02968969
IRS990/TotalAssetsGrp/BOYAmt03025918
IRS990/TotalAssetsGrp/EOYAmt02968969
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028605
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127493
IRS990/TotalFunctionalExpensesGrp/TotalAmt0156098
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03025918
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02968969
IRS990/TotalProgramServiceExpensesAmt0127493
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt099321
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt099321
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03025918
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02968969
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0TRUST COMPANY OF OKLA PO BOX 3627
IRS990/USAddress/CityNm0TULSA
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd0741013627
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA S TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-TRUSTEE
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA MAYO OWNBY MEMORIAL TRUST
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0736214326
ReturnHeader/Filer/PhoneNum09187440553
ReturnHeader/Filer/USAddress/AddressLine1Txt0TRUST COMPANY OF OKLA PO BOX 3627
ReturnHeader/Filer/USAddress/CityNm0TULSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474609457
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Halley McDaniel & Cuite PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02727 E 21st Street Suite 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa

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