Frank L Oakes Trust Foundation

Chicago, IL
Tax-exempt since June 1967
EIN: 35-6015133

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$26.8k (2025)

Expenses

$32.6k (2025)

Total Assets

$312k (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2025

Revenue

$26,832

Expenses

$32,584

Net Income

-$5,752

Net Assets

$312,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,968	52.1%
Sales of Assets	$12,864	47.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,215	83.5%
Compensation of Officers*	$8,417	25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$312,488
Total Liabilities	$0
Net Assets	$312,488

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$8,417	$0

990-PF

Filed on Sept. 8, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2024

Revenue

$12,897

Expenses

$30,234

Net Income

-$17,337

Net Assets

$314,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$11,518	89.3%
Sales of Assets	$1,379	10.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,003	82.7%
Compensation of Officers*	$7,799	25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$314,937
Total Liabilities	$0
Net Assets	$314,937

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$7,799	$0

990-PF

Filed on March 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2023

Revenue

$16,487

Expenses

$25,703

Net Income

-$9,216

Net Assets

$326,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,108	79.5%
Sales of Assets	$3,379	20.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,604	80.2%
Compensation of Officers*	$7,534	29.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$326,303
Total Liabilities	$0
Net Assets	$326,303

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$7,534	$0

990-PF

Filed on Sept. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2022

Revenue

$20,738

Expenses

$25,474

Net Income

-$4,736

Net Assets

$328,847

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,066	58.2%
Sales of Assets	$8,672	41.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,500	76.5%
Compensation of Officers*	$8,666	34.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$328,847
Total Liabilities	$0
Net Assets	$328,847

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$8,666	$0

990-PF

Filed on Sept. 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2021

Revenue

$28,194

Expenses

$26,712

Net Income

$1,482

Net Assets

$331,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,910	28.1%
Sales of Assets	$20,284	71.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,105	79.0%
Compensation of Officers*	$8,024	30.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$331,769
Total Liabilities	$1
Net Assets	$331,768

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank N A (Trustee)	$8,024	$0

990-PF

Filed on Oct. 6, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2020

Revenue

$22,274

Expenses

$22,952

Net Income

-$678

Net Assets

$327,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,882	44.4%
Sales of Assets	$12,392	55.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$17,283	75.3%
Compensation of Officers*	$6,977	30.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$327,904
Total Liabilities	$1
Net Assets	$327,903

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$6,977	$0

990-PF

Filed on Sept. 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2019

Revenue

$24,528

Expenses

$21,271

Net Income

$3,257

Net Assets

$328,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,705	39.6%
Sales of Assets	$14,823	60.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,788	78.9%
Compensation of Officers*	$6,839	32.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$328,593
Total Liabilities	$0
Net Assets	$328,593

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$6,839	$0

990-PF

Filed on Aug. 6, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2018

Revenue

$22,461

Expenses

$27,815

Net Income

-$5,354

Net Assets

$325,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,393	37.4%
Sales of Assets	$14,068	62.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,557	84.7%
Compensation of Officers*	$6,893	24.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$325,346
Total Liabilities	$0
Net Assets	$325,346

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$6,893	$0

990-PF

Filed on Oct. 8, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2016

Revenue

$13,217

Expenses

$25,858

Net Income

-$12,641

Net Assets

$341,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,050	60.9%
Sales of Assets	$5,167	39.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,342	82.5%
Compensation of Officers*	$6,653	25.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$341,658
Total Liabilities	$0
Net Assets	$341,658

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2015

Revenue

$21,371

Expenses

$25,791

Net Income

-$4,420

Net Assets

$348,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$9,098	42.6%
Sales of Assets	$12,273	57.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,058	77.8%
Compensation of Officers*	$7,152	27.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$348,825
Total Liabilities	$0
Net Assets	$348,825

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2014

Revenue

$17,107

Expenses

$24,594

Net Income

-$7,487

Net Assets

$353,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,035	47.0%
Sales of Assets	$9,072	53.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,834	76.6%
Compensation of Officers*	$7,156	29.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$353,246
Total Liabilities	$0
Net Assets	$353,246

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2013

Revenue

$13,867

Expenses

$24,349

Net Income

-$10,482

Net Assets

$362,193

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,737	55.8%
Sales of Assets	$6,130	44.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,999	78.0%
Compensation of Officers*	$6,762	27.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$362,193
Total Liabilities	$0
Net Assets	$362,193

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending May
2012

Revenue

$12,992

Expenses

$50,972

Net Income

-$37,980

Net Assets

$372,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.1%
Dividends	$8,472	65.2%
Sales of Assets	$4,510	34.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,356	89.0%
Compensation of Officers*	$7,196	14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$372,739
Total Liabilities	$1
Net Assets	$372,738

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Frank L Oakes Trust Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $26.8k (2025)

Expenses $32.6k (2025)

Total Assets $312k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$26.8k (2025)

Expenses

$32.6k (2025)

Total Assets

$312k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending May
2025

Fiscal Year Ending May
2024

Fiscal Year Ending May
2023

Fiscal Year Ending May
2022

Fiscal Year Ending May
2021

Fiscal Year Ending May
2020

Fiscal Year Ending May
2019

Fiscal Year Ending May
2018

Fiscal Year Ending May
2017

Fiscal Year Ending May
2016

Fiscal Year Ending May
2015

Fiscal Year Ending May
2014

Fiscal Year Ending May
2013

Fiscal Year Ending May
2012

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002