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Golconda Foundation Inc

EIN 73-1552729 · Jones, OK

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

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceWeak35 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE EDUCATIONAL SCHOLARSHIPS AND TO HELP FUND OTHER WORTHY CAUSES AS DEEMED APPROPRIATE.

Income
$63,611
Spending
$85,103
Spent on programs
76%
Reserves
6 months of spending
Largest source of income
donations and private grants, 91%
Employees
0
Volunteers
3
Highest pay
$9,750, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 26% of charities in its peer group (education, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 6.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 34% of income.

  • Income trend

    0 of 15

    Income fell 51% on the year before.

  • Spending floor

    15 of 15

    76% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 35 out of 100. Higher than 13% of charities in its peer group (education, under $250k).

  • Independent board

    0 of 25

    2 of 2 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

    0 of 7

    Reports no 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

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

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

Source: Form 990 for the year ending December 31, 2024, 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 (17)
  1. $3,200 spent. CENTER OF FAMILY LOVE-A CATHOLIC HOME IN OKARCHE, OK FOR SPECIAL NEEDS ADULTS. WE DONATE MONEY SEVERAL TIMES A YEAR TO HELP THEM.
  2. $10,000 spent. PASS IT ALONG INC. AN ORGANIZATION DEDICATED TO HELPING REFORMING DRUG ADDICTS AND MEN COMING OUT OF PRISON TO MOVE FORWARD BY PROVIDING TEMPORARY HOUSING AND ADEQUATE LIVING CONDITIONS UNTIL THEY CAN FIND JOBS AND MOVE BACK INTO SOCIETY.
  3. $6,000 spent. OKLAHOMA STATE UNIVERSITY FOUNDATION-DONATION FOR SCHOLARSHIPS FOR DESERVING COLLEGE STUDENTS AS DETERMINED BY THE FOREIGN LANGUAGE DEPARTMENT AT OKLAHOMA STATE UNIVERSITY.
  4. $6,000 spent. NOTRE DAME UNIVERSITY-DONATION FOR SCHOLARSHIPS FOR DESERVING COLLEGE STUDENTS AS DETERMINED BY THE UNIVERSITY. THEY HAVE THE BEST MECHANISM FOR DETERMINING HOW TO DISTRIBUTE THE FUNDS.
  5. $10,444 spent. FINANCIAL HELP FOR SEVERAL INDIVIDUALS AND FAMILIES IN THE OKC AREA. UTILITY HELP, SCHOOL AID, CASH AID WHEN OUT OF WORK, BILL PAYMENT HELP, MEDICAL BILL HELP. 5 FAMILIES HELPED.
  6. $434 spent. HOPE CENTER-EDMOND OK. ADOPT A FAMILY FOR CHRISTMAS SEASON.
  7. $1,800 spent. FOCUS MINISTRY-CATHOLIC MINISTRY ON VARIOUS COLLEGE CAMPUSES.
  8. $2,000 spent. UKRAINE MEDICAL FUND. HELP IN WAR EFFORT FOR HOUSING, FOOD, MEDICAL
  9. $23,700 spent. 1/2 HOUSES IN TULSA, OK FOR PEOPLE GETTING OUT OF PRISON AND DRUG REHAB. GIVE THEM A PLACE TO LIVE AND A DRUG FREE SAFE PLACE WHILE THEY RECOVER AND MOVE BACK INTO SOCIETY.
  10. $1,000 spent. JONES PUBLIC SCHOOLS. PLAYGROUND EQUIPMENT FUNDRAISING
  11. NOTRE DAME UNIVERSITY-DONATION FOR SCHOLARSHIPS FOR 6000. 6000. 0.
  12. FINANCIAL HELP FOR SEVERAL INDIVIDUALS AND FAMILIES 10444. 10444. 0.
  13. HOPE CENTER-EDMOND OK. ADOPT A FAMILY FOR CHRISTMAS 434. 434. 0.
  14. FOCUS MINISTRY-CATHOLIC MINISTRY ON VARIOUS 1800. 1800. 0.
  15. UKRAINE MEDICAL FUND. HELP IN WAR EFFORT 2000. 2000. 0.
  16. 1/2 HOUSES IN TULSA, OK FOR PEOPLE GETTING OUT OF 23700. 23700. 0.
  17. JONES PUBLIC SCHOOLS. PLAYGROUND EQUIPMENT 1000. 1000. 0.

Source: Form 990 for the year ending December 31, 2024, 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? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

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

    Most recent return on file covers the year ending December 2024.

    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 February 1999.

    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.