Tulsa Community Foundation

Nonprofit profile at a glance

EIN
731554474
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Tulsa, OK, USA
Phone
918-494-8823
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Community Foundations

Official website

Reported finances

Revenue
$297,921,611
Expenses
$208,986,079
Assets
$1,073,416,757
Liabilities
$5,507,964

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • PHIL LAKIN JR (CHIEF EXECUTIVE OFFICER)
  • MICHAEL DODSON (EXECUTIVE DIRECTOR)
  • ZACHARY STOYCOFF (EXECUTIVE DIRECTOR)
  • GINA BRADFORD (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PHIL LAKIN JR (CHIEF EXECUTIVE OFFICER): $725,134 total reported compensation
  • WILLIAM J STAVA III (CHIEF OPERATING OFFICER): $642,550 total reported compensation
  • MICHAEL DODSON (EXECUTIVE DIRECTOR): $265,577 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To be the recognized community-owned organization that initiates, teaches and encourages personal and corporate charitable giving today to ensure that the philanthropic needs of Oklahomans can be met for all generations. Mission Statement TCF serves each donor and local charitable organization by actively promoting and receiving endowment and other funds by prudently managing those funds, under community control, for charitable purposes of Tulsa and eastern Oklahoma.

What it reported doing in 2024

See schedule o.in its other charitable services, tulsa community foundation oversees scholarship funds created to encourage students to attain the highest level of education and training; emergency assistance and disaster relief grants to relieve the effects of poverty or assist those who have been negatively impacted by natural/civil disasters; and, endowment funds designated to benefit over 300 charitable organizations. Tcf also supported the work of a wide variety of charitable projects including, but not limited to, folds of honor, which provides scholarships to families who have been negatively impacted by the death or disability of a person on active military duty, and healthy minds policy initiative, which helps inform oklahomans advance data-driven strategies to overcome Oklahoma's substance use challenges and meet the mental health needs of all oklahomans.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 77
  • Accountability: 95
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.1%; rating input score 77
  • Program expense ratio: 98.7%; rating input score 99
  • Fundraising efficiency: $593.89 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 99.7%; rating input score 100; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 92%; rating input score 92; 41st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.9%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 5.14; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 65th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 77.1% of revenue deployed · 98.7% of spending went to programs
  • Governance: 23 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $206.2M in reported program spending
  • Leadership: top reported pay $725K · 33 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $5M reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1073 filed money-flow records
  • Related organizations: 1083 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.