Cause IQ organization profile

George Kaiser Family Foundation (GKFF)

GKFF is a community foundation based in Tulsa, OK that was founded in 2000. As of 2018 they had $275 million in revenue and $3.9 billion in assets.

George Kaiser Family Foundation (GKFF) is a charitable organization dedicated to breaking the cycle of poverty through investments in early childhood education, community health, social services and civic enhancement.

EIN:

73-1574370

City:

Tulsa

State:

Oklahoma

Website:

gkff.org

Phone:

(918) 392-1612

Facebook:

facebook.com/GKFForg

Twitter:

@gkfforg

Founded:

2000

Type:

501(c)(3)

NTEE:

T31: Community foundations

Revenue:

$275,055,955

Assets:

$3,909,235,526

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at GKFF

Indirect support of Tulsa Community Foundation, through direct support ef charitable organizations that engage in charitable activities which are consistent with the charitable purposes of Tulsa Community Poundation, as well as government sponsored life enhancement projects One of the biggest current projects is The Gathering Place, a new park consisting of nearly 100 acres along Riverside Drive for the benefit of the citizens of Tulsa

Urban growth and renewal projects to benefit the citizens of Tulsa County

Tulsa Community Foundation - Direct Support of Tulsa Community Foundation, the supported organization, and other directly related entities eee

Form 990s for GKFF

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Feb 12, 2020	990	View PDF
2017-12	Dec 12, 2018	990	View PDF
2016-12	Jan 25, 2018	990	View PDF
2015-12	Nov 30, 2016	990	View PDF
2014-12	Dec 14, 2015	990	View PDF
...and five more Form 990 PDFs

Financials for GKFF

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$149,397,734	$34,067,287	338.5%
<em>Non-cash contributions included in above</em>
Total grants, contributions, etc.	$149,397,734	$34,067,287	338.5%

Field	2017	2016	% Change
Total grants, contributions, etc.	$149,397,734	$34,067,287	338.5%
Program services	$0	$0
Investment income and dividends	$86,125,785	$77,228,873	11.5%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$-1,163	$39,495	-102.9%
Net rental income	$-2,807,755	$-1,976,221	-42.1%
Net gain from sale of non-inventory assets	$28,860,379	$-125,999,206	122.9%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$13,480,975	$11,518,763	17.0%
Total revenues	$275,055,955	$-5,121,009	5471.1%

Field	2017	2016	% Change
Grants to govts. and orgs. in USA	$65,919,743	$42,168,866	56.3%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,798,600	$0	999%
Compensation not included above, to disqualified persons	$0	$1,910,756	-100%
Non-officer salaries and wages	$2,337,085	$1,390,248	68.1%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$819,159	$629,000	30.2%
Payroll taxes	$0	$0
Management fees	$0	$0
Legal fees	$101,524	$102,198	-0.7%
Accounting fees	$91,221	$84,299	8.2%
Lobbying fees	$106,406	$60,000	77.3%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$29,691,088	$29,377,669	1.1%
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$304,358	$272,887	11.5%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$8,293	$11,126	-25.5%
Interest	$4,943,432	$4,356,931	13.5%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$992,316	$1,214,202	-18.3%
Insurance	$187,054	$7,000	2572.2%
All other expenses	$6,192,870	$11,964,488	-48.2%
Total expenses	$114,493,149	$93,549,670	22.4%

Field	2017	2016	% Change
Cash (non-interest-bearing)	$0	$0
Savings, short-term investments, etc.	$687,536,314	$172,476,335	298.6%
Pledges and grants receivable	$0	$0
Accounts receivable	$34,476,774	$30,454,924	13.2%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Buildings, equipment, etc. post-depreciation	$141,242,147	$139,929,402	0.9%
Investments, publicly traded securities	$483,341,935	$439,942,759	9.9%
Investments, other securities	$2,513,139,834	$2,701,671,283	-7.0%
Investments, program-related	$49,498,522	$50,480,122	-1.9%
Intangible assets	$0	$0
Other assets	$0	$0
Total assets	$3,909,235,526	$3,534,954,825	10.6%

Field	2017	2016	% Change
Accounts payable and accrued expenses	$34,791,670	$34,340,086	1.3%
Grants payable	$107,468,077	$103,164,712	4.2%
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$134,947,903	-100%
Secured mortgages and notes payable to unrelated third parties	$22,000,000	$29,560,670	-25.6%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$33,039,413	$28,259,540	16.9%
Total liabilities	$197,299,160	$330,272,911	-40.3%

Field	2017	2016
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for GKFF

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-06-16
█████████ ████████	Software		2020-03-17
██ ██ ███████ ███ ████████ ███	Investment Management	$1,950,000	2018-12-12
██████ █████ ██████████	Investment Management	$1,003,252	2018-12-12
█████ ███████████ ███	Other Program Services	$-1,002,624	2018-12-12
██████████ ██████████ ██████████	Investment Management	$648,091	2018-12-12
█████ █████████ ██████████████	Other Program Services	$810,316	2018-12-12

Personnel at GKFF

Name	Title	Compensation	Most recent data
Jeff Stava	Chief Operating Officer TCF	-	Aug. 8, 2019
Robert Thomas	Chief Investment Officer	-	Aug. 8, 2019
███ █████	Executive Director / Exec Director	-	Aug. 8, 2019
██████ ██████	Managing Director	-	Aug. 8, 2019
███ ██████	Director of Data Systems and Technology	-	Aug. 8, 2019
█████ ███████	Director of Business Analytics	-	Aug. 8, 2019
████ ██████	Director of Compliance	-	Aug. 8, 2019
███ ██████	Director of Research Partnerships	-	Aug. 8, 2019
███████ █████	Park Director	-	Dec. 31, 2017
███████ ████████	Director of Connectfirst	-	Aug. 8, 2019
...and three more key personnel

Peer community foundations

	Name	Type	Revenue	Location
1	Tulsa Community Foundation (TCF)	501(c)(3)	$118 million	Tulsa, OK
2	The University of Oklahoma Foundation	501(c)(3)	$154 million	Norman, OK
3	Gulf Coast Community Foundation	501(c)(3)	$72 million	Venice, FL
4	Winston-Salem Foundation	501(c)(3)	$166 million	Winston Salem, NC
5	Community First Foundation	501(c)(3)	$92 million	Arvada, CO
6	Community Foundation for the Fox Valley Region	501(c)(3)	$139 million	Appleton, WI
7	Seattle Foundation	501(c)(3)	$169 million	Seattle, WA
8	University of Oregon Foundation	501(c)(3)	$171 million	Eugene, OR
9	Community Foundation of New Jersey	501(c)(3)	$124 million	Morristown, NJ
10	The Cleveland Foundation	501(c)(3)	$132 million	Cleveland, OH
11	The San Diego Foundation	501(c)(3)	$155 million	San Diego, CA
12	Community Foundation of North Texas (NTXCF)	501(c)(3)	$91 million	Fort Worth, TX
13	East Tennessee Foundation (ETF)	501(c)(3)	$126 million	Knoxville, TN
14	Elks National Foundation	501(c)(3)	$68 million	Chicago, IL
15	The Miami Foundation	501(c)(3)	$80 million	Miami, FL
16	Community Foundation of Middle Tennessee (CFMT)	501(c)(3)	$76 million	Nashville, TN
17	San Francisco Foundation (TSFF)	501(c)(3)	$174 million	San Francisco, CA
18	Community Foundation of Greater Des Moines	501(c)(3)	$84 million	Des Moines, IA
19	Greater Worcester Community Foundation	501(c)(3)	$811 million	Worcester, MA
20	The Dallas Foundation	501(c)(3)	$81 million	Dallas, TX
21	Greater Cincinnati Foundation (GCF)	501(c)(3)	$108 million	Cincinnati, OH
22	Greater Kansas City Community Foundation	501(c)(3)	$357 million	Kansas City, MO
23	Philadelphia Foundation (PF)	501(c)(3)	$79 million	Philadelphia, PA
24	Community Foundation for Southeast Michigan (CFSEM)	501(c)(3)	$139 million	Detroit, MI
25	Jewish Community Foundation of Greater Metrowest New Jersey (JCF)	501(c)(3)	$88 million	Whippany, NJ

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