James H & Madalynne Norick Foundation in Oklahoma City, Oklahoma (OK)

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James H & Madalynne Norick Foundation
Employer Identification Number (EIN)731544035
Name of OrganizationJames H & Madalynne Norick Foundation
Address5400 Nw Grand Blvd, Oklahoma City, OK 73112-5692
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$329,552
Amount of Income$177,308
Form 990 Revenue Amount$48,161
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2012: $177,308 (it was $238,786 in 2011)
James H & Madalynne Norick Foundation: 

 $177,308
Other organizations performing similar types of work: 

 $120,160

Assets in 2012: $329,552 (it was $355,234 in 2011)
James H & Madalynne Norick Foundation: 

 $329,552
Other organizations performing similar types of work: 

 $450,518

Expenses in 2012: $53,495
James H & Madalynne Norick Foundation: 

 $53,495
Other organizations performing similar types of work: 

 $61,287

Income to expenses ratio in 2012: 3.3
This organization: 

 3.3
Other organizations performing similar types of work: 

 7.3

Grants share in income in 2012: 0.0%
James H & Madalynne Norick Foundation: 

 0.0%
Other organizations performing similar types of work: 

 8.9%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$27,813$7,476$7,959
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$98
Dividends and interest from securities$7,366
Gross rents$0
Gross profit from sales of goods$0
Other income$495
Other$19,854
Total expenses and disbursements$53,495$9,981$0$43,500
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$9,995$9,981$0
Contributions, gifts, grants paid$43,500
Excess of revenue over expenses and disbursements$-25,682
Net investment income$0
Adjusted net income$7,959
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$329,552$376,698
Cash - non-interest-bearing$20,257
Investments-U.S. and state government obligations$0
Investments-corporate stock$263,867
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$45,428
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$329,552
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$19,854
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$391,369
Net value of noncharitable-use assets$385,500
Minimum investment return$19,275
Distributable Amount (for 2012)
Distributable amount$19,275
Undistributed Income (for 2012)
Distributable amount for 2012$19,275
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1E L And Thelma Gaylord Foundation6305 Waterford Blvd Ste 350, Oklahoma City, OK 73118-1176OK1995-12$13,926,788
2Mary K Chapman Foundation, Dickman J Jerry TteeOne Warren Pl 6100 S Yale Ave 1816, Tulsa, OK 74136OK1996-08$10,264,457
3Lobeck-Taylor Foundation1124 S Lewis Ave, Tulsa, OK 74104-3906OK1998-06$9,428,142
4The Charles And Peggy Stephenson Family Foundation, Stephenson Charles C Jr Ttee2225 E 30th St, Tulsa, OK 74114-5427OK1997-08$2,888,960
5Scott Carter FoundationPO BOX 700448, Tulsa, OK 74170-0448OK1994-03$497,428
6Saied Family Foundation3259 S Yale Ave, Tulsa, OK 74135-8009OK1997-02$285,789
7Tom S & Marye Kate Aldridge Charitable & Educational Trust3035 Nw 63rd St Ste 207n, Oklahoma City, OK 73116-3606OK1996-04$242,534
8The Jenkin Lloyd Jones And Ana Maria Lloyd Jones Foundation2021 S Lewis Ave Ste 700, Tulsa, OK 74104-5732OK1995-07$104,688
9Robert Cummins Family Foundation Inc1420 W Chestnut Ave, Enid, OK 73703-4307OK1997-04$86,022
10The Barbara And James M Sturdivant Charitable Trust, Sturdivant James & Barbara Co-Ttees100 W 5th St Ste 1000, Tulsa, OK 74103-4293OK1997-07$26,780
11Randall L Sullivan Foundation15 W 6th St Ste 2300, Tulsa, OK 74119-5401OK1997-07$22,337
12Woodsfamily Charitable Foundation1305 Wood Way, Edmond, OK 73034-2803OK1998-09$16,200
13The Dickman Foundation1332 E 27th Pl, Tulsa, OK 74114-4110OK1997-07$28
14Thomas Family Charitable Foundation Inc1516 S Boston Ave Ste 1516, Tulsa, OK 74119-4003OK1997-09$1
15William Ben Johnson Foundation7420 S Yale Ave, Tulsa, OK 74136-7029OK1997-01$1
16Babbitt Charitable Trust No 6, Salomon Joseph M Ttee9 E 4th St Ste 605, Tulsa, OK 74103-5112OK1997-09$0
17Carnegie Elementary School Foundation Inc110 W 7th Street Suite 900, Tulsa, OK 74119OK1991-11$0
18Okmulgee Crime Stoppers IncPO BOX 127, Okmulgee, OK 74447-0127OK1998-05$0
19Ponca City Rotary Club Foundation IncPO BOX 1061, Ponca City, OK 74602-1061OK1993-05$0
20Vance Officers Spouses Club Charity And Scholarship Association400 Young Rd Suite 211, Enid, OK 73705OK1992-12$0
Number of organizations performing similar types of work
Alaska3
Alabama54
Arkansas18
Arizona59
California546
Colorado120
Connecticut79
District of Columbia27
Delaware43
Florida350
Georgia158
Hawaii18
Iowa57
Idaho23
Illinois317
Indiana81
Kansas53
Kentucky41
Louisiana50
Massachusetts113
Maryland112
Maine18
Michigan202
Minnesota97
Missouri73
Mississippi27
Montana8
North Carolina155
North Dakota2
Nebraska42
New Hampshire19
New Jersey213
New Mexico23
Nevada42
New York524
Ohio206
Oklahoma52
Oregon60
Pennsylvania239
Rhode Island33
South Carolina40
South Dakota12
Tennessee49
Texas377
Utah46
Virginia120
Vermont7
Washington88
Wisconsin89
West Virginia9
Wyoming19
International12
Total5,225

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