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Catholic Foundation of Oklahoma Inc

EIN 73-0773715 · Oklahoma City, OK

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To inspire generosity leading to endowments and charitable funds supporting parishes, schools, and other ministries of the Catholic Church in central and western Oklahoma.

Income
$9.9 million
Spending
$5.2 million
Spent on programs
81%
Reserves
29.1 months of spending
Largest source of income
donations and private grants, 73%
Employees
8
Volunteers
30
Highest pay
$229,021, executive director (until 10/2024)

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 64% of charities in its peer group (religion, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 29.1 months of spending.

  • Debt

    5 of 20

    It owes 53% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 47% of income.

  • Income trend

    15 of 15

    Income rose 67% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100. Higher than 61% of charities in its peer group (religion, $1m to $10m).

  • Independent board

    25 of 25

    14 of 16 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $340,388 spent. The Catholic Foundation was incorporated as a nonprofit entity whose mission is to procure and build endowment funds to support the ministries and entities of the Archdiocese of Oklahoma City. With the spiritual leadership and guidance of the Archbishop of Oklahoma City, the Foundation is managed by a Board of Directors, consisting of priests, deacons and professional lay men and women representing the various geographic areas of the Archdiocese of Oklahoma City. Program service statement continued on Schedule O.Endowment and Charitable Fund Stewardship:The Catholic Foundation of Oklahoma establishes and administers endowed funds and other charitable funds to provide long-term financial support for Catholic parishes, schools, ministries, and programs serving the Archdiocese of Oklahoma City. The Foundation works with donors to create funds that reflect their philanthropic intentions while ensuring professional investment management and responsible stewardship consistent with Catholic values and donor intent. Annual distributions from these funds provide sustainable financial support to Catholic ministries and programs across the archdiocese.During the year, the Foundation administered charitable and endowment funds providing annual distributions to support Catholic ministries, parishes, schools, and charitable programs.
  2. $3.8 million spent. Grant Programs Supporting Parishes, Schools, and Ministries:The Foundation administers competitive and donor-directed grant programs that provide financial support to parishes, Catholic schools, and ministries serving the Archdiocese of Oklahoma City. Grant funding supports a wide range of initiatives including parish ministry development, evangelization, Catholic education, faith formation, youth programs, and other pastoral and outreach activities that strengthen the mission of the Church. During the year, the Foundation awarded grants totaling $3,798,186 to parishes, schools, and ministries throughout the Archdiocese of Oklahoma City.
  3. $88,203 spent. Scholarship Programs:The Foundation administers donor-established scholarship funds that provide financial assistance to students pursuing higher education. These scholarships are awarded in accordance with donor-established criteria, which may include academic achievement, financial need, leadership, and commitment to Catholic values. Scholarship programs help support the educational advancement and formation of students from the Archdiocese of Oklahoma City.During the year, the Foundation awarded approximately 37 scholarships totaling $88,203 to students attending colleges and universities.
  4. Donor-Advised and Charitable Giving Funds:The Foundation administers donor-advised funds and other charitable giving accounts that allow donors to recommend grants to Catholic ministries and other qualified charitable organizations. The Foundation provides administrative oversight, investment stewardship, and grant distribution services to ensure that charitable contributions are managed responsibly and distributed in accordance with donor intent and applicable charitable regulations.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Worth knowing.

    Not individually listed by the IRS as eligible, which is usual for local chapters covered by a parent organization's exemption. The master file records contributions to it as deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1946.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.