Nonprofit · EIN 46-3382912
KAPS FOUNDATION
Tax-exempt (reinstated) · TULSA, OK 74136
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $173,783 | $219,090 | -$45,307 | $4,065,292 | $0 | $4,065,292 |
| December 31, 2023 | 990 | $101,892 | $226,947 | -$125,055 | $3,954,215 | $0 | $3,954,215 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $172,649
- Net gain from sales of assets
- $96,671
- Other revenue
- $1,134
Expenses
- Grants and similar amounts paid
- $204,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,834
- Program services (functional)
- $204,000
- Management and general (functional)
- $15,090
Balance sheet and other
- Total assets, start of year
- $3,954,215
- Total assets, end of year
- $4,065,292
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,065,292
- Net assets without donor restrictions
- $4,065,292
- Gross receipts
- $1,459,975
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- OK
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHIL LAKIN | TCF CL DIRECTOR Trustee or director | 1 | $0 | $642,204 | $82,930 |
| MIKE DODSON | TCF CL DIRECTOR Trustee or director | 1 | $0 | $236,277 | $29,300 |
| ROBERT THOMAS | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLEE JORDAN | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARLA GILBERT | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN STEPHENSON | Director Trustee or director | 1 | $0 | $0 | $0 |
| LEIGH GRAVES | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PHIL LAKIN | TCF CL DIRECTOR Trustee or director | 1 | $0 | $628,288 | $65,339 |
| MIKE DODSON | TCF CL DIRECTOR Trustee or director | 1 | $0 | $224,412 | $25,507 |
| ROBERT THOMAS | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIMBERLEE JORDAN | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CARLA GILBERT | TCF CL DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN STEPHENSON | Director Trustee or director | 1 | $0 | $0 | $0 |
| LEIGH GRAVES | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7030 S YALE AVE STE 600, TULSA, OK 74136-5749
- In care of
- % KAREN P STEPHENSON
- Signed the 990
- PHIL LAKIN, Director
- Phone
- (918) 494-8823
- Return prepared by
- Halley McDaniel & Cuite PLLC
Mission
THE KAPS FOUNDATION WAS ORGANIZED FOR THE SPECIFIC AND PRIMARY PURPOSE OF BENEFITING, PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSE OF THAT CLASS OF PUBLICLY SUPPORTED ORGANIZATIONS, INCLUDING TULSA COMMUNITY FOUNDATION, THAT ARE DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE, AND THAT ENGAGE IN CHARITABLE ACTIVITIES WHICH ARE CONSISTENT WITH THE CHARITABLE PURPOSES OF TULSA COMMUNITY FOUNDATION. THE KAPS FOUNDATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF TULSA, AND TO SUPPORT ARTISTIC, EDUCATIONAL, CHARITABLE, RELIGIOUS AND OTHER NON-PROFIT ORGANIZATIONS.
Program accomplishments
- THE KAPS FOUNDATION IS A TYPE 1 SUPPORTING ORGANIZATION FOR THE TULSA COMMUNITY FOUNDATION (TCF) (A 501(c)(3) EXEMPT ORGANIZATION). ITS ACTIVITIES ARE TO MAKE DISTRIBUTIONS TO TCF FOR FURTHER DISTRIBUTION BY TCF TO OTHER CHARITABLE ORGANIZATIONS.Expenses $204,000 · grants $204,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3382912
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $4,065,292
- Income (IRS master file)
- $1,459,975
Revocation and reinstatement
- Exemption revoked
- May 15, 2016
- Posted by the IRS
- August 8, 2016
- Reinstated
- Effective December 15, 2016
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $173,783 | $219,090 | $4,065,292 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $101,892 | $226,947 | $3,954,215 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $468,079 | $147,792 | $3,785,452 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-3382912).
Questions about KAPS FOUNDATION
- What is the EIN of KAPS FOUNDATION?
- The employer identification number (EIN) of KAPS FOUNDATION is 46-3382912.
- Is KAPS FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective December 15, 2016.
- Are donations to KAPS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does KAPS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KAPS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KAPS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of KAPS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does KAPS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $173,783, expenses of $219,090 and total assets of $4,065,292 at year end.
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All nonprofits in TULSA · Oklahoma · Community improvement and capacity building