Richard K Lane & Ruth S Lane Memorial Trust

Tulsa, OK
Tax-exempt since March 1995
EIN: 73-6147139

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Philanthropy, Charity, Voluntarism Promotion, General (NTEE)

Donations to this organization are tax deductible.

Revenue

$348k (2024)

Expenses

$250k (2024)

Total Assets

$2.23M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

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 Dec.
2024

Revenue

$347,949

Expenses

$250,213

Net Income

$97,736

Net Assets

$2,226,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$86,471	24.9%
Sales of Assets	$234,619	67.4%
Other Income	$26,859	7.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$189,672	75.8%
Compensation of Officers*	$44,150	17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,226,189
Total Liabilities	$0
Net Assets	$2,226,189

Compensation

Key Employees and Officers	Compensation	Other
Midfirst Bank (Trustee)	$22,075	$0
John G Gray (Co Trustee)	$22,075	$0

990-PF

Filed on May 13, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$141,888

Expenses

$241,977

Net Income

-$100,089

Net Assets

$2,307,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$74,307	52.4%
Sales of Assets	$13,396	9.4%
Other Income	$54,185	38.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$180,221	74.5%
Compensation of Officers*	$41,449	17.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,307,808
Total Liabilities	$0
Net Assets	$2,307,808

Compensation

Key Employees and Officers	Compensation	Other
John G Gray (Co Trustee)	$20,803	$0
Midfirst Bank (Trustee)	$20,646	$0

990-PF

Filed on May 15, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$201,050

Expenses

$259,479

Net Income

-$58,429

Net Assets

$2,106,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$63,495	31.6%
Sales of Assets	$30,958	15.4%
Other Income	$106,597	53.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$179,136	69.0%
Compensation of Officers*	$48,109	18.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,106,459
Total Liabilities	$0
Net Assets	$2,106,459

Compensation

Key Employees and Officers	Compensation	Other
John G Gray (Co Trustee)	$26,109	$0
Midfirst Bank (Trustee)	$22,000	$0

990-PF

Filed on May 2, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$203,841

Expenses

$213,121

Net Income

-$9,280

Net Assets

$2,112,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$68,405	33.6%
Sales of Assets	$107,167	52.6%
Other Income	$28,269	13.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$157,414	73.9%
Compensation of Officers*	$39,910	18.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,112,642
Total Liabilities	$0
Net Assets	$2,112,642

Compensation

Key Employees and Officers	Compensation	Other
Midfirst Bank (Trustee)	$20,918	$0
Sharon Bell (Co Trustee)	$18,992	$0

990-PF

Filed on May 11, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$78,409

Expenses

$197,467

Net Income

-$119,058

Net Assets

$2,187,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$52,444	66.9%
Sales of Assets	$7,229	9.2%
Other Income	$18,736	23.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,122	76.5%
Compensation of Officers*	$34,560	17.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,187,286
Total Liabilities	$1
Net Assets	$2,187,285

Compensation

Key Employees and Officers	Compensation	Other
Sharon Bell (Co Trustee)	$17,925	$0
Midfirst Bank (Trustee)	$16,635	$0

990-PF

Filed on May 5, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$154,758

Expenses

$220,906

Net Income

-$66,148

Net Assets

$2,187,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$66,419	42.9%
Sales of Assets	$47,540	30.7%
Other Income	$40,799	26.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$159,456	72.2%
Compensation of Officers*	$41,974	19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,187,995
Total Liabilities	$1
Net Assets	$2,187,994

Compensation

Key Employees and Officers	Compensation	Other
Rogers Bell (Co Trustee)	$24,402	$0
Midfirst Bank (Trustee)	$17,572	$0

990-PF

Filed on July 15, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$276,335

Expenses

$201,245

Net Income

$75,090

Net Assets

$2,255,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$77,645	28.1%
Sales of Assets	$163,927	59.3%
Other Income	$34,763	12.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,018	73.1%
Compensation of Officers*	$41,754	20.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,255,818
Total Liabilities	$0
Net Assets	$2,255,818

Compensation

Key Employees and Officers	Compensation	Other
Rogers Bell (Co Trustee)	$24,581	$0
Midfirst Bank (Trustee)	$17,173	$0

990-PF

Filed on May 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$109,372

Expenses

$198,674

Net Income

-$89,302

Net Assets

$2,180,794

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$68,695	62.8%
Sales of Assets	$13,191	12.1%
Other Income	$27,486	25.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,902	73.4%
Compensation of Officers*	$47,275	23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,180,794
Total Liabilities	$0
Net Assets	$2,180,794

Compensation

Key Employees and Officers	Compensation	Other
Midfirst Bank (Trustee)	$24,877	$0
Rogers Bell (Co Trustee)	$22,398	$0

990-PF

Filed on Nov. 20, 2018

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

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Schedules ▼

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Fiscal Year Ending Dec.
2016

Revenue

$68,715

Expenses

$196,217

Net Income

-$127,502

Net Assets

$2,274,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$59,410	86.5%
Sales of Assets	-$5,734
Other Income	$15,039	21.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$153,354	78.2%
Compensation of Officers*	$50,781	25.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,274,261
Total Liabilities	$0
Net Assets	$2,274,261

Compensation

Key Employees and Officers	Compensation	Other
Midfirst Bank (Trustee)	$29,912	$0
Rogers Bell (Co Trustee)	$12,677	$0
Jp Morgan Chase Bank Na (Trustee)	$8,192	$0

990-PF

Filed on June 8, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$157,852

Expenses

$220,657

Net Income

-$62,805

Net Assets

$2,355,076

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$63,933	40.5%
Sales of Assets	$63,366	40.1%
Other Income	$30,553	19.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$156,166	70.8%
Compensation of Officers*	$64,285	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	$2,355,076
Total Liabilities	$0
Net Assets	$2,355,076

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$36,248	$0
Rogers Bell (Co Trustee)	$28,037	$0

990-PF

Filed on May 25, 2016

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$239,554

Expenses

$232,245

Net Income

$7,309

Net Assets

$2,465,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$77,956	32.5%
Sales of Assets	$109,021	45.5%
Other Income	$52,577	21.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,797	65.4%
Compensation of Officers*	$70,532	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	$2,465,490
Total Liabilities	$0
Net Assets	$2,465,490

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$253,211

Expenses

$228,241

Net Income

$24,970

Net Assets

$2,459,619

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$58,042	22.9%
Sales of Assets	$140,382	55.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$154,258	67.6%
Compensation of Officers*	$72,254	31.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,459,619
Total Liabilities	$0
Net Assets	$2,459,619

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$269,090

Expenses

$264,346

Net Income

$4,744

Net Assets

$2,434,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$55,071	20.5%
Sales of Assets	$61,669	22.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$145,826	55.2%
Compensation of Officers*	$59,305	22.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,434,028
Total Liabilities	$0
Net Assets	$2,434,028

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$125,855

Expenses

$206,423

Net Income

-$80,568

Net Assets

$2,432,753

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$59	0.0%
Dividends	$58,628	46.6%
Sales of Assets	$40,735	32.4%
Other Income	$26,433	21.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,381	69.9%
Compensation of Officers*	$63,077	30.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,432,754
Total Liabilities	$1
Net Assets	$2,432,753

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

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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Updated March 23, 2026

Richard K Lane & Ruth S Lane Memorial Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $348k (2024)

Expenses $250k (2024)

Total Assets $2.23M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$348k (2024)

Expenses

$250k (2024)

Total Assets

$2.23M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2012

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