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Lt Operating Foundation is a private corporation based in TULSA, OK. The foundation received its IRS ruling in 2018. The principal officer is % Elizabeth Frame Ellison. It holds total assets of $10.7M. Annual income is reported at $2M. MOTHER ROAD MARKET WAS FORMED TO PROVIDE FOOD ENTREPRENEURS WITH THE OPPORTUNITY TO PILOT TEST THEIR LATEST CONCEPTS WITHOUT FINANCIAL INVESTMENTS OF OPENING A FULL SCALE SHOP. According to available records, Lt Operating Foundation has made 14 grants totaling $255K, with a median grant of $645. Annual giving has decreased from $248K in 2020 to $4K in 2022. Individual grants have ranged from $173 to $208K, with an average award of $18K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Oklahoma and District of Columbia and Colorado. Contributions to this foundation are tax-deductible.
MOTHER ROAD MARKET WAS FORMED TO PROVIDE FOOD ENTREPRENEURS WITH THE OPPORTUNITY TO PILOT TEST THEIR LATEST CONCEPTS WITHOUT FINANCIAL INVESTMENTS OF OPENING A FULL SCALE SHOP.
Expenses: $823K
THE TULSA STARTUP SERIES WAS FORMED TO SUPPORT INNOVATION,GROWTH, & CREATIVITY AMONG TULSA'S ENTERPRENEURIAL COMMUNITY.
Expenses: $2K
KITCHEN 66 WAS FORMED TO PROVIDE FOOD ENTREPRENEURS EDUCATION, MENTORSHIP AND ACCESS TO AFFORDABLE KITCHEN SPACE AS THEY START AND SCALE THEIR BUSINESSES.
Expenses: $430K
THE LOBECK TAYLOR FAMILY FOUNDATION IS WORKING TO CREATE A POSITIVE CULTURAL AND ECONOMIC DEVELOPMENT IMPACT ON THE 11TH STREET CORRIDOR IN THE CITY OF TULSA, OKLAHOMA THROUGH THE TULSA MARKET DISTRICT. BY STRATEGICALLY WORKING TO ADVANCE EQUITY, PRIDE OF PLACE, PHYSICAL INFRASTRUCTURE AND ECONOMIC ACTIVITY, WE WILL DECREASE BARRIERS TO BUILDING GENERATIONAL WEALTH WITHIN THE TULSA MARKET DISTRICT.
Expenses: $133K
MOTHER ROAD MARKET WAS FORMED TO PROVIDE FOOD ENTREPRENEURS WITH THE OPPORTUNITY TO PILOT TEST THEIR LATEST CONCEPTS WITHOUT FINANCIAL INVESTMENTS OF OPENING A FULL SCALE SHOP. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in OK, DC, CO.
Lt Operating Foundation has distributed a total of $255K across 14 grants. The median grant size is $645, with an average of $18K. Individual grants have ranged from $173 to $208K.
Lt Operating Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is THE K66 LAUNCH PROGRAM ACCEPTS APPLICATIONS TWICE EACH YEAR UNTIL CAPACITY IS REACHED.. FOR K66 KIOSKS, PARTICIPANTS WILL HAVE TO PAY RENT MONTHLY TO PARTICIPATE. THE RENT WILL BE REDUCED FOR THE K66 GRADUATES, BUT WILL BE GRADUALLY INCREASED TO MARKET RATE TO PREPARE THEM TO SCALE THEIR BUSINESS. FOR K66 CURRICULUM PARTICIPANTS, WE REQUIRE THAT THEY ATTEND CLASS, PARTICIPATE AND BECOME PART OF THE CULTURE AND COMMUNITY.
Lt Operating Foundation is headquartered in TULSA, OK. While based in OK, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Larry Faulkner | SECRETARY | $0 | $0 | $0 |
| Cindy Roecker | TREASURER | $0 | $0 | $0 |
| Brian Paschal | VICE PRESIDENT | $0 | $0 | $0 |
| Elizabeth Frame Ellison | PRESIDENT | $0 | $0 | $0 |
Total Giving
$2.5M
Total Assets
$13.6M
Fair Market Value
$17.6M
Net Worth
$2.4M
Grants Paid
$1K
Contributions
$75K
Net Investment Income
$17K
Distribution Amount
$0
Total Grants
14
Total Giving
$255K
Average Grant
$18K
Median Grant
$645
Unique Recipients
8
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tulsa Community FoundationGENERAL OPERATIONS | Tulsa, OK | $722 | 2022 |
| Food Bank Of Eastern OklahomaGENERAL OPERATIONS | Tulsa, OK | $568 | 2022 |
| PflagGENERAL OPERATIONS | Washington, DC | $500 | 2022 |
| HumanitixGENERAL OPERATIONS | Denver, CO | $191 | 2022 |
| Oklahoma Restaurant AssociationPILOT TESTING | Oklahoma City, OK | $208K | 2020 |
| 2018 | 990PF | View |
| GitwitGENERAL OPERATIONS |
| Tulsa, OK |
| $33K |
| 2020 |
| The Dragonfly HomeGENERAL OPERATIONS | Oklahoma City, OK | $5K | 2020 |
| Food Bank Of Eastern OkGENERAL OPERATIONS | Tulsa, OK | $1K | 2020 |
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