Virginia Mayo Ownby Memorial Trust
EIN: 736214326 · Tulsa, OK
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $153K |
| Net Assets | $3.0M |
Is Virginia Mayo Ownby Memorial Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Mayo Ownby Memorial Trust
Virginia Mayo Ownby Memorial Trust (EIN: 736214326) is a nonprofit organization based in Tulsa, OK. The organization reported total revenue of $256K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Mayo Ownby Memorial Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Mayo Ownby Memorial Trust is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $153K |
| Surplus / Deficit | $-106,199 |
| Total Assets | $3.0M |
| Net Assets | $3.0M |
| Operating Margin | -228.1% |
| Months of Reserves | 237.7 months |
Financial Health Grade: B
In 2023, Virginia Mayo Ownby Memorial Trust reported a deficit of $106K with expenses exceeding revenue, holds 237.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Mayo Ownby Memorial Trust's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.7% | -9.8% | -3.4% |
| 2022 | -63.5% | -13.1% | +0.7% |
| 2021 | +135.0% | +44.5% | +11.8% |
| 2020 | -24.5% | +9.0% | +3.5% |
| 2019 | +55.4% | +-0.0% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Mayo Ownby Memorial Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Mayo Ownby Memorial Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
Frequently Asked Questions about Virginia Mayo Ownby Memorial Trust
Is Virginia Mayo Ownby Memorial Trust a legitimate charity?
Virginia Mayo Ownby Memorial Trust (EIN: 736214326) is a registered tax-exempt nonprofit based in Oklahoma. It has 13 years of IRS 990 filings on record. Total revenue: $256K. No red flags identified. Financial health grade: B.
How does Virginia Mayo Ownby Memorial Trust spend its money?
Virginia Mayo Ownby Memorial Trust reported $256K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Mayo Ownby Memorial Trust tax-deductible?
Virginia Mayo Ownby Memorial Trust is registered as a tax-exempt nonprofit (EIN: 736214326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Mayo Ownby Memorial Trust located?
Virginia Mayo Ownby Memorial Trust is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 736214326.
How many years of IRS 990 filings does Virginia Mayo Ownby Memorial Trust have?
Virginia Mayo Ownby Memorial Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $256K in total revenue.
Filing History
IRS 990 filing history for Virginia Mayo Ownby Memorial Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Mayo Ownby Memorial Trust's revenue has declined by 35.3%, moving from $72K to $47K. Total assets increased by 72.2% over the same period, from $1.8M to $3.0M. Total functional expenses rose by 107.6%, from $74K to $153K. In its most recent filing year (2023), Virginia Mayo Ownby Memorial Trust reported a deficit of $106K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $153K | $3.0M | $0 | — | — |
| 2022 | $191K | $169K | $3.1M | $0 | — | — |
| 2021 | $524K | $195K | $3.1M | $0 | — | View 990 |
| 2020 | $223K | $135K | $2.8M | $0 | — | — |
| 2019 | $295K | $124K | $2.7M | $0 | — | View 990 |
| 2018 | $190K | $124K | $2.5M | $0 | — | View 990 |
| 2017 | $180K | $73K | $2.4M | $5K | — | View 990 |
| 2016 | $193K | $71K | $2.3M | $0 | — | View 990 |
| 2015 | $274K | $61K | $2.2M | $5K | — | View 990 |
| 2014 | $230K | $60K | $2.0M | $17K | — | View 990 |
| 2013 | $115K | $64K | $1.8M | $0 | — | View 990 |
| 2012 | $98K | $73K | $1.8M | $0 | — | View 990 |
| 2011 | $72K | $74K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $153K, and assets of $3.0M (revenue -75.7% year-over-year).
- 2022: Revenue of $191K, expenses of $169K, and assets of $3.1M (revenue -63.5% year-over-year).
- 2021: Revenue of $524K, expenses of $195K, and assets of $3.1M (revenue +135.0% year-over-year).
- 2020: Revenue of $223K, expenses of $135K, and assets of $2.8M (revenue -24.5% year-over-year).
- 2019: Revenue of $295K, expenses of $124K, and assets of $2.7M (revenue +55.4% year-over-year).
- 2018: Revenue of $190K, expenses of $124K, and assets of $2.5M (revenue +5.5% year-over-year).
- 2017: Revenue of $180K, expenses of $73K, and assets of $2.4M (revenue -6.8% year-over-year).
- 2016: Revenue of $193K, expenses of $71K, and assets of $2.3M (revenue -29.4% year-over-year).
- 2015: Revenue of $274K, expenses of $61K, and assets of $2.2M (revenue +18.8% year-over-year).
- 2014: Revenue of $230K, expenses of $60K, and assets of $2.0M (revenue +100.7% year-over-year).
- 2013: Revenue of $115K, expenses of $64K, and assets of $1.8M (revenue +16.7% year-over-year).
- 2012: Revenue of $98K, expenses of $73K, and assets of $1.8M (revenue +36.8% year-over-year).
- 2011: Revenue of $72K, expenses of $74K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Mayo Ownby Memorial Trust:
Data Sources and Methodology
This transparency report for Virginia Mayo Ownby Memorial Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.