LT Operating Foundation
LT Operating Foundation is a private foundation focused on Community Improvement & Capacity Building, based in Tulsa, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.7M in total assets. In 2024, it awarded 2 grants totaling $373. Net investment income was $136K.
LT Operating Foundation at a glance
In short: LT Operating Foundation gave $373 across 2 grants in 2024 (avg $186.5), mostly in Oklahoma. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $373
- -69.1% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $187
- -69.1% vs 2023
- Median grant
- $187
- Total assets
- $10,742,029
- -21.3% vs 2023
- Primary geography
- Oklahoma (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who LT Operating Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Lemon Aid Project ($303). Together the top 2 received $373.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 13 grants of 14 (93%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How LT Operating Foundation gives
- Giving fell 90% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $373 (2024) to $248K (2020). In 2024 it made 2 grants totaling $373.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lemon Aid Project Tulsa, OK | General Operations | $303 |
| Oklahomans for Equality Tulsa, OK | General Operations | $70 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2024 | $10,742,029 | $1,817,205 | $2,834,587 | $373 | 2 | $2,571,384 | $135,523 |
| 2023 | $13,646,294 | $1,265,502 | $2,466,842 | $1,208 | 2 | $2,174,103 | $16,571 |
| 2022 | $11,906,348 | $1,299,281 | $2,755,975 | $1,981 | 4 | $2,203,402 | $17,138 |
| 2021 | $9,718,494 | $1,908,229 | $2,322,748 | $3,674 | 1 | $1,387,785 | $48,274 |
| 2020 | $7,605,990 | $2,551,455 | $3,315,848 | $247,789 | 5 | — | $93,401 |
Leadership & Key People
Officers and directors from IRS filings
LT Operating Foundation is led by Elizabeth Frame Ellison, President since 2023 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elizabeth Frame Ellison
President
Executive Director → President, 2023
On filings since 2020
5 hrs/week
No compensation reported
Brian Paschal
Vice President
Director → Vice President, 2023
On filings since 2022
30 hrs/week
No compensation reported
Cindy Roecker
Treasurer
On filings since 2023
25 hrs/week
No compensation reported
Larry Faulkner
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Stephen L. Faulkner (2022) — Secretary & Treasurer
- Former: Kathy Taylor (2020–2021) — Secretary
- Former: William E. Lobeck Jr. (2020–2021) — Manager
- Former: Meredith Peebles (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about LT Operating Foundation
How much does LT Operating Foundation give each year?
LT Operating Foundation gave $373 across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 2 grants.
How large is LT Operating Foundation?
LT Operating Foundation reported $10.7M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $1.8M.
What is LT Operating Foundation?
LT Operating Foundation is a private foundation focused on Community Improvement & Capacity Building, based in Tulsa, OK. It holds $10.7M in total assets as of 2024.
Where does LT Operating Foundation operate?
LT Operating Foundation has awarded grants in Colorado, District of Columbia, Oklahoma.
What is LT Operating Foundation's EIN?
LT Operating Foundation's EIN (Employer Identification Number) is 82-1728733. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work LT Operating Foundation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in LT Operating Foundation's focus areas in our free grants database
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LT Operating Foundation down — hundreds of funders to go?