Nonprofit · EIN 26-0204830
DRAKE GUNGOLL FOUNDATION
Tax-exempt · OKLAHOMA CITY, OK 73154
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $306,552 | $77,000 | $229,552 | $1,490,263 | $0 | $1,490,263 |
| December 31, 2024 | 990-PF | $73,881 | $89,234 | -$15,353 | $1,260,711 | $0 | $1,260,711 |
| December 31, 2023 | 990-PF | $55,533 | $86,879 | -$31,346 | $1,276,064 | $0 | $1,276,064 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $76,902
- Net gain from sales of assets
- $229,650
Expenses
- Grants and similar amounts paid
- $75,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $75,500
- Excise tax on investment income
- $4,154
Balance sheet and other
- Total assets, start of year
- $1,260,711
- Total assets, end of year
- $1,490,263
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,490,263
- Fair market value of assets
- $1,917,764
- Qualifying distributions
- $75,500
- Net investment income
- $306,552
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAMSEY W DRAKE II 3520 NW 58TH STREET BLDG B, OKLAHOMA CITY, OK 73112 | PRESIDENT | 0 | $0 |
| RACHAEL WEBER 3520 NW 58TH STREET BLDG B, OKLAHOMA CITY, OK 73112 | TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAMSEY W DRAKE II 6 NE 63RD STREET SUITE 300, OKLAHOMA CITY, OK 73105 | PRESIDENT | 0 | $0 |
| RACHAEL WEBER 6 NE 63RD STREET SUITE 300, OKLAHOMA CITY, OK 73105 | TREASURER | 0 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAMSEY W DRAKE II 6 NE 63RD STREET SUITE 300, OKLAHOMA CITY, OK 73105 | PRESIDENT | 0 | $0 |
| RACHAEL WEBER 6 NE 63RD STREET SUITE 300, OKLAHOMA CITY, OK 73105 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 18466, OKLAHOMA CITY, OK 73154-0466
- In care of
- % CAROLE J DRAKE
- Signed the 990-PF
- RAMSEY W DRAKE II, PRESIDENT
- Phone
- (405) 848-7898
- Return prepared by
- WEBER TAX AND ADVISORY PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 26-0204830
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,490,263
- Income (IRS master file)
- $1,503,479
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $306,552 | $77,000 | $1,490,263 | XML |
| 990-PF | December 2024 | $73,881 | $89,234 | $1,260,711 | XML |
| 990-PF | December 2023 | $55,533 | $86,879 | $1,276,064 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0204830).
Questions about DRAKE GUNGOLL FOUNDATION
- What is the EIN of DRAKE GUNGOLL FOUNDATION?
- The employer identification number (EIN) of DRAKE GUNGOLL FOUNDATION is 26-0204830.
- Is DRAKE GUNGOLL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to DRAKE GUNGOLL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DRAKE GUNGOLL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DRAKE GUNGOLL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DRAKE GUNGOLL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of DRAKE GUNGOLL FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does DRAKE GUNGOLL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $306,552, expenses of $77,000 and total assets of $1,490,263 at year end.
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All nonprofits in OKLAHOMA CITY · Oklahoma · Philanthropy, voluntarism and grantmaking foundations