EIN 82-1728733

LT Operating Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
2018
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The LT Operating Foundation is a private foundation located in Tulsa, OK that was formed to provide food entrepreneurs with the opportunity to pilot test their latest concepts without financial risk. Grantees include Indian Nation Council Boy Scout Of America. It made 11 grants last year.
Total revenues
$1,299,281
2022
Total expenses
$2,755,975
2022
Total assets
$11,906,348
2022
Num. employees
0
2022

Program areas at LT Operating Foundation

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.
The tulsa startup series was formed to support innovation,growth, & creativity among tulsa's enterpreneurial community.
Kitchen 66 was formed to provide food entrepreneurs education, mentorship and access to affordable kitchen space as they start and scale their businesses.
The LT Operating Foundation primarily accomplishes its charitable purpose of positive cultural, economic and educational impact through mother road market and kitchen 66. Both programs are aligned with the goals of improving pride of place, increasing economic activity and equity, creating generational wealth, and improving physical infrastructure in the 11th st corridior of tulsa, Oklahoma known as the tulsa market district. Below is a detailed explanation of how mother road market and kitchen 66 meet the operational test per reg 1.501(c)(3)-1(c). 1. Primary activities: mother road market and kitchen 66 will conduct activities that solely further its tax-exempt purpose. A. Mother road market and kitchen 66 offer the following services to the underserved community in the surrounding area. I. Programs for food entrepreneurs in need, offering them weekly classes and affordable kitchen space for the entrepreneurs to learn in a safe environment. Ii. Providing low risk space for new busines

Grants made by LT Operating Foundation

GranteeGrant descriptionAmount
Tulsa Community FoundationGeneral Operations$722
Community Food Bank of Eastern OklahomaGeneral Operations$568
PflagGeneral Operations$500
...and 1 more grant made

Personnel at LT Operating Foundation

NameTitleCompensation
Elizabeth Frame EllisonExecutive Director$0
Cindy RoeckerTreasurer and Secretary

Financials for LT Operating Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$369,294
Investment income and dividends$30,579
Net rental income$-52,945
Net gain from sale of non-inventory assets$-194,925
Gross sales of inventory$326,946
Miscellaneous revenues$163,260
Total revenues$1,299,281

Form 990s for LT Operating Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990PFView PDF
2021-122022-11-15990PFView PDF
2020-122021-11-15990PFView PDF
2019-122021-06-14990PFView PDF
2018-122020-02-14990PFView PDF
...and 1 more Form 990

Organizations like LT Operating Foundation

OrganizationLocationRevenue
The Walpole FoundationWalpole, NH$687,563
Revitalize MississippiJackson, MS$379,902
Bethany Development Outreach HDFCNew York, NY$1,178,375
Innovation Accelerator FoundationOmaha, NE$501,685
MentorsIncline Village, NV$334,430
Common Ground CommitteeSherman, CT$2,452,043
Technology Ventures CorporationAlbuquerque, NM$2,081,542
Northwest Kansas Economic Innovation CenterNorton, KS$2,636,959
Foundation for Enterprise DevelopmentLa Jolla, CA$585,490
Plymouth Regional Economic Development FoundationPlymouth, MA$448,194
Data update history
January 3, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 3, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donations
General information
Address
1124 S Lewis Ave
Tulsa, OK 74104
Metro area
Tulsa, OK
Phone
(918) 583-2955
IRS details
EIN
82-1728733
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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