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George Kaiser Family Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731574370 ✦ Tulsa, OK ✦ Designated as a 501(c)(3)

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Overview

What is George Kaiser Family Foundation?

George Kaiser Family Foundation is a charitable organization based in Tulsa, Oklahoma, serving as a Type I supporting organization of the Tulsa Community Foundation. With a team of 377 employees, the foundation is dedicated to combating poverty and improving community well-being through investments in early childhood education, community health, social services, and civic enhancement. The foundation's work aligns with the charitable purposes of the Tulsa Community Foundation, as stated in IRC Section 509(a)(3), and primarily focuses on enhancing the lives of individuals and communities by supporting programs and projects consistent with this mission.


Official website here: www.gkff.org

What are the reviews and ratings of this charity?

The George Kaiser Family Foundation is not currently rated on Charity Navigator. Ratings for this organization are based on Charity Navigator's beacon scores, but the organization lacks the necessary data for a full evaluation. Specifically, it does not yet meet the criteria for ratings on Accountability & Finance or Impact & Measurement as it only has two years of electronically-filed IRS Form 990 data.

Charity Navigator notes that the absence of a rating should neither be seen as positive or negative. Historic ratings have primarily focused on accountability and finance, but new methodologies also consider Leadership & Adaptability, Culture & Community, and Impact & Measurement, which are currently unavailable for this foundation. The organization will need additional fiscal data to receive a comprehensive evaluation.

Significant data is available about the financial status of the foundation, including total revenue and expenses and salaries of key personnel. The foundation operates solely for the benefit of and in conjunction with other organizations as an independent entity. The lack of user reviews from GreatNonprofits means there is no additional user-based sentiment to report.


This AI summary has been generated from information found on Charity Navigator.

Is George Kaiser Family Foundation legitimate?

George Kaiser Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. George Kaiser Family Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $2,194,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,889,569

For more financial information, click here


Official website here: www.gkff.org

What is the mission statement of George Kaiser Family Foundation?

The George Kaiser Family Foundation is a charitable organization committed to making a significant impact on poverty through investments in various areas. Its primary objectives include early childhood education, community health, social services, and civic enhancement. The foundation functions as a supporting organization of publicly supported charities described in Sections 501(c)(3) and 509(a)(1) or (2) of the Internal Revenue Code. The George Kaiser Family Foundation aims to contribute to the causes these charities support and aligns with their charitable purposes.


Official website here: www.gkff.org

Who is the CEO of George Kaiser Family Foundation?

Ken Levit is the Exec. Director of George Kaiser Family Foundation.


Official website here: www.gkff.org

What is the revenue of George Kaiser Family Foundation?

George Kaiser Family Foundation's revenue in 2022 was $813,108,548.


Official website here: www.gkff.org

Who are the executives of George Kaiser Family Foundation and what are their salaries?

The average compensation at George Kaiser Family Foundation during 2022 was $34,707. There are 377 employees at George Kaiser Family Foundation.


Here are 16 key members and their salaries:


Frederic Dorwart (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Lakin (Board Of Dir.)
  • Compensation: $0
  • Related: $575,598
  • Other: $58,355
Phil Frohlich (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily L Kaiser (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah M Kaiser (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip A Kaiser (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chester Cadieux Iii (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Levit (Exec. Director)
  • Compensation: $774,250
  • Related: $0
  • Other: $55,320
Ray Owens (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Washington (Board Of Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Thomas (Chief Inv. Off.)
  • Compensation: $997,249
  • Related: $0
  • Other: $55,320
John Budd (Chief Op Officer)
  • Compensation: $416,479
  • Related: $0
  • Other: $34,997
Reid Spears (Sr Program Officer)
  • Compensation: $351,385
  • Related: $0
  • Other: $45,447
Annie Van Hanken (Sr Program Officer)
  • Compensation: $351,500
  • Related: $0
  • Other: $42,348
William J Stava Iii (Sr Program Officer)
  • Compensation: $454,000
  • Related: $88,440
  • Other: $57,498
Brian Zorb (Investment Officer)
  • Compensation: $384,904
  • Related: $0
  • Other: $65,008


Official website here: www.gkff.org

Where can I find the form 990 for George Kaiser Family Foundation?

George Kaiser Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gkff.org

Learn more at the official website: www.gkff.org

Mission Statement of George Kaiser Family Foundation

The George Kaiser Family Foundation, or GKFF, is a charitable organization with a mission to make a significant impact on poverty by investing in various sectors. Its primary focus lies in early childhood education, community health, social services, and civic enhancement. By engaging in activities that align with the charitable purposes of publicly supported organizations described in Sections 501(c)(3) and 509(a)(1) or (2) of the Internal Revenue Code, GKFF aims to bring about positive change.

This Tulsa, Oklahoma-based foundation operates as a Type I supporting organization of the Tulsa Community Foundation. Its dedication extends beyond just providing financial support; it strives to make a tangible difference in the lives of those it serves. By directing its efforts towards breaking the cycle of poverty, GKFF aspires to create lasting, meaningful change. Early childhood education is a crucial component of this mission, as investing in the education of young children sets the foundation for their future success.

Community health is another area where GKFF makes a substantial impact. By addressing health-related needs, the foundation ensures that individuals and families have the resources they need to thrive. Social services and civic enhancement initiatives further strengthen communities by addressing social issues and encouraging civic engagement.

In summary, the George Kaiser Family Foundation is a dynamic and dedicated organization with a mission to break the cycle of poverty. Through strategic investments in early childhood education, community health, social services, and civic enhancement, GKFF empowers individuals and communities to reach their full potential.

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Impact




October, 2024

The George Kaiser Family Foundation plays a pivotal role in addressing poverty and enhancing community well-being in Tulsa, Oklahoma, through strategic investments in key areas. Its focus on early childhood education ensures that young children have the foundation necessary for future success, fostering a brighter future for families and the community as a whole.

In addition to education, the foundation supports community health initiatives, working to improve access to healthcare and promote wellness among underserved populations. This holistic approach includes social services that provide crucial support to individuals and families in need, thereby strengthening the community's social fabric.

Moreover, GKFF's commitment to civic enhancement enhances overall quality of life in the region, promoting engaged and vibrant communities. Through its collaborative efforts with local organizations and government projects, the foundation exemplifies a model of philanthropy that prioritizes systemic change, ultimately breaking the cycle of poverty and paving the way for sustainable development.




This information is meant to be a general summary of George Kaiser Family Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$813,108,548 (2022)
Expenses
$241,426,057 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $261,529,723
  • Gross Receipts: $1,161,722,069

Assets and Liabilities:

  • Total Assets: $4,921,816,352
  • Total Liabilities: $238,790,662
  • Net Assets: $4,683,025,690

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Organization Details

Founding Year

1999

Principal Officer

Ken Levit

Main Address

7030 S Yale Avenue 600, Tulsa, OK, 74136

NTEE Category

Code: T110 - Philanthropy

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