Overview
What is Leta Mcfarlin Chapman Memorial Tr 486003Ac0?
Leta Mcfarlin Chapman Memorial Trust 486003Ac0 is a nonprofit organization dedicated to providing ongoing financial assistance to the named beneficiaries. Its primary mission involves making direct and lasting contributions to support the named recipients. In addition to this, the organization extends its support to The University of Tulsa and Oklahoma Medical Research Foundation. The trust's activities are geared towards ensuring long-term support for the beneficiaries and collaborating with educational and research institutions.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (52%)
The Leta Mcfarlin Chapman Memorial Trust has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a low overall score of 52%, the organization struggles particularly in areas such as board independence and financial transparency, which are critical for maintaining trust and effective governance.
Strengths identified include a perfect score in the areas of material diversion of assets and liabilities to assets ratio, indicating sound management of its resources in these respects. However, the lack of independent board members and a comprehensive conflict of interest policy raises concerns about potential governance issues and the decisions being made at the board level.
Overall, the nonprofit's financial statements are not readily available, and there are significant gaps in compliance with transparency standards, such as not posting its tax forms online. These limitations may hinder the organization's credibility and effectiveness in serving its mission, resulting in a need for improvement in its governance and financial accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Leta Mcfarlin Chapman Memorial Tr 486003Ac0 legitimate?
Leta Mcfarlin Chapman Memorial Tr 486003Ac0 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leta Mcfarlin Chapman Memorial Tr 486003Ac0 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: $1,125,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Leta Mcfarlin Chapman Memorial Tr 486003Ac0?
This organization, identified as Leta Mcfarlin Chapman Memorial Tr 486003Ac0, focuses on providing direct and permanent support to the designated beneficiaries. Their mission is centered around offering enduring assistance to those in need. The financial contributions of this entity are directed towards the University of Tulsa and Oklahoma Medical Research Foundation. Through this support, they aim to make a significant and lasting impact on the beneficiaries' lives.
Who is the CEO of Leta Mcfarlin Chapman Memorial Tr 486003Ac0?
Bokf Na is the Corporate Trustee of Leta Mcfarlin Chapman Memorial Tr 486003Ac0.
What is the revenue of Leta Mcfarlin Chapman Memorial Tr 486003Ac0?
Leta Mcfarlin Chapman Memorial Tr 486003Ac0's revenue in 2022 was $16,189,366.
Who are the executives of Leta Mcfarlin Chapman Memorial Tr 486003Ac0 and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $1,080,348
- Related: $0
- Other: $0
- Compensation: $45,050
- Related: $0
- Other: $0
Where can I find the form 990 for Leta Mcfarlin Chapman Memorial Tr 486003Ac0?
Leta Mcfarlin Chapman Memorial Tr 486003Ac0's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leta Mcfarlin Chapman Memorial Tr 486003Ac0
Leta Mcfarlin Chapman Memorial Tr makes a significant impact by offering direct and permanent support to the named beneficiaries. This nonprofit organization is dedicated to providing unwavering assistance to those in need.
The mission of Leta Mcfarlin Chapman Memorial Tr is crystal clear: it exists to sustainably support its beneficiaries. The organization takes a hands-on approach, ensuring that the individuals it serves receive the resources they need for an extended period.
Financially, Leta Mcfarlin Chapman Memorial Tr supports two esteemed institutions: the University of Tulsa and the Oklahoma Medical Research Foundation. By providing financial assistance, it enables these organizations to carry out their respective missions and contribute to the betterment of society. Through this support, the nonprofit strengthens the foundation upon which these institutions stand, allowing them to continue making a difference in the lives of countless people.
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Impact
October, 2024
Leta Mcfarlin Chapman Memorial Tr 486003Ac0 plays a significant role in providing essential financial resources to its beneficiaries, specifically the University of Tulsa and the Oklahoma Medical Research Foundation. By offering direct and permanent support, it ensures that these institutions can continue their vital work in education and medical research.
The impact of this trust is particularly pronounced in fostering academic excellence and innovation within the University of Tulsa. Students and faculty benefit from enhanced educational opportunities, research funding, and scholarships that facilitate a robust learning environment. This support helps to cultivate future leaders and professionals in various fields.
Additionally, the allocation of resources to the Oklahoma Medical Research Foundation signifies a commitment to advancing healthcare and scientific knowledge. The funding aids in critical research initiatives, potentially leading to breakthroughs in medical treatment and understanding of complex health issues.
Overall, the trust's contributions create a lasting legacy that enhances the educational landscape and promotes health advancements, making a profound difference in the community and beyond.
This information is meant to be a general summary of Leta Mcfarlin Chapman Memorial Tr 486003Ac0. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,013,458
- Gross Receipts: $81,111,544
Assets and Liabilities:
- Total Assets: $302,068,262
- Total Liabilities: $0
- Net Assets: $302,068,262
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Organization Details
Founding Year
1974
Phone
(918) 619-1526Principal Officer
Bokf Na
Main Address
PO BOX 1620, TULSA, OK, 741011620
NTEE Category
Code: T900 - Philanthropy
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