Nonprofit · EIN 82-1728733
LT OPERATING FOUNDATION
Tax-exempt · TULSA, OK 74104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,817,205 | $2,834,587 | -$1,017,382 | $10,742,029 | $9,386,874 | $1,355,155 |
| December 31, 2023 | 990-PF | $1,265,502 | $2,466,842 | -$1,201,340 | $13,646,294 | $11,270,348 | $2,375,946 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $148,418
- Dividends
- $7,209
- Net rental income
- $285,621
- Net gain from sales of assets
- $138,870
- Other income
- $306,363
Expenses
- Grants and similar amounts paid
- $373
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $596,980
- Disbursements for charitable purposes
- $2,571,384
- Excise tax on investment income
- $1,884
Balance sheet and other
- Total assets, start of year
- $13,646,294
- Total assets, end of year
- $10,742,029
- Total liabilities, end of year
- $9,386,874
- Net assets, end of year
- $1,355,155
- Fair market value of assets
- $15,579,276
- Qualifying distributions
- $2,571,384
- Net investment income
- $146,079
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH FRAME ELLISON 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | PRESIDENT | 5 | $0 |
| BRIAN PASCHAL 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | VICE PRESIDENT | 30 | $0 |
| LARRY FAULKNER 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | SECRETARY | 1 | $0 |
| CINDY ROECKER 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | TREASURER | 25 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH FRAME ELLISON 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | PRESIDENT | 0 | $0 |
| BRIAN PASCHAL 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | VICE PRESIDENT | 0 | $0 |
| LARRY FAULKNER 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | SECRETARY | 0 | $0 |
| CINDY ROECKER 1124 SOUTH LEWIS AVENUE, TULSA, OK 74104 | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1124 S LEWIS AVE, TULSA, OK 74104-3906
- In care of
- % ELIZABETH FRAME ELLISON
- Signed the 990-PF
- CINDY ROECKER, TREASURER AND SECRETARY
- Phone
- (918) 583-2955
- Return prepared by
- MARINER WEALTH ADVISORS
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 | Not 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
- 82-1728733
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,742,029
- Income (IRS master file)
- $2,023,081
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,817,205 | $2,834,587 | $10,742,029 | XML |
| 990-PF | December 2023 | $1,265,502 | $2,466,842 | $13,646,294 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | 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 82-1728733).
Questions about LT OPERATING FOUNDATION
- What is the EIN of LT OPERATING FOUNDATION?
- The employer identification number (EIN) of LT OPERATING FOUNDATION is 82-1728733.
- Is LT OPERATING FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LT OPERATING FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does LT OPERATING FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LT OPERATING 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 LT OPERATING FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LT OPERATING FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LT OPERATING FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,817,205, expenses of $2,834,587 and total assets of $10,742,029 at year end.
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All nonprofits in TULSA · Oklahoma · Community improvement and capacity building