Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
LT OPERATING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1124 S LEWIS AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TULSA, OK74104
A Employer identification number

82-1728733
B Telephone number (see instructions)

(918) 583-2955
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$17,583,540J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 75,171
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 28,506 28,506  
5a Gross rents............ 709,600   709,600
b Net rental income or (loss) 34,638
6a Net gain or (loss) from sale of assets not on line 10 -34,321
b Gross sales price for all assets on line 6a 4,256
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 489,978
b Less: Cost of goods sold.... 200,383
c Gross profit or (loss) (attach schedule)..... 289,595 289,595
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
196,951 0 196,951
12 Total. Add lines 1 through 11........ 1,265,502 28,506 1,196,146
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 591,202 0 21,814 569,388
15 Pension plans, employee benefits....... 88,822 0 0 88,822
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
13,283 0 0 13,283
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
115,422 11,542 31,431 72,449
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
20,542 0 0 20,542
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
417,941 393 0 417,548
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
210,803 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 606 0 585 20
22 Printing and publications.......... 1,100 0 0 1,100
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,005,913 0 16,170 989,743
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,465,634 11,935 70,000 2,172,895
25 Contributions, gifts, grants paid....... 1,208 1,208
26 Total expenses and disbursements. Add lines 24 and 25 2,466,842 11,935 70,000 2,174,103
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,201,340
b Net investment income (if negative, enter -0-) 16,571
c Adjusted net income (if negative, enter -0-)... 1,126,146
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 507,920 544,204 544,204
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow512,043
Less: allowance for doubtful accounts right arrow   513,271 512,043 512,043
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow402
Less: allowance for doubtful accounts right arrow0 0 402 402
8 Inventories for sale or use.............. 33,605 26,100 26,100
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,527,176
Less: accumulated depreciation (attach schedule) right arrow1,157,880 378,460 Click to see attachment
List of Attached Documents:
// Content
369,296 		1,718,154
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow5,391,624
Less: accumulated depreciation (attach schedule) right arrow1,222,742 4,282,525 Click to see attachment
List of Attached Documents:
// Content
4,168,882 		6,659,617
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
6,190,567 		Click to see attachment
List of Attached Documents:
// Content
8,025,367 		Click to see attachment
List of Attached Documents:
// Content
8,123,020
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,906,348 13,646,294 17,583,540
Liabilities 17 Accounts payable and accrued expenses.......... 4,088,889 3,994,729
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,240,173 		Click to see attachment
List of Attached Documents:
// Content
7,275,619
23 Total liabilities (add lines 17 through 22)......... 8,329,062 11,270,348
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,577,286 2,375,946
29 Total net assets or fund balances (see instructions)..... 3,577,286 2,375,946
30 Total liabilities and net assets/fund balances (see instructions). 11,906,348 13,646,294
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,577,286
2
Enter amount from Part I, line 27a .....................
2
-1,201,340
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,375,946
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,375,946
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CHARLES SCHWAB - CAPITAL GAIN DISTRIBUTIONS P   2023-12-31
b AVAILABLE UPON REQUEST P   2023-12-31
c AVAILABLE UPON REQUEST P   2023-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,256     4,256
b     219 -219
c     38,358 -38,358
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,256
b       -219
c       -38,358
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -34,321
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -219
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 230
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 230
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 230
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 762
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 800
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,562
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,332
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,332 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOK
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCINDY ROECKER Telephone no.right arrow (918) 583-2955

Located atright arrow1124 SOUTH LEWIS AVENUETULSAOK ZIP+4right arrow74104
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ELIZABETH FRAME ELLISON PRESIDENT
0.00 		0 0 0
1124 SOUTH LEWIS AVENUE
TULSA,OK74104
BRIAN PASCHAL VICE PRESIDENT
0.00 		0 0 0
1124 SOUTH LEWIS AVENUE
TULSA,OK74104
LARRY FAULKNER SECRETARY
0.00 		0 0 0
1124 SOUTH LEWIS AVENUE
TULSA,OK74104
CINDY ROECKER TREASURER
0.00 		0 0 0
1124 SOUTH LEWIS AVENUE
TULSA,OK74104
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MARINER WEALTH ADVISORS ACCOUNTING 117,820
4200 E SKELLY DR STE 950
TULSA,OK74135
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 MOTHER ROAD MARKET WAS FORMED TO PROVIDE FOOD ENTREPRENEURS WITH THE OPPORTUNITY TO PILOT TEST THEIR LATEST CONCEPTS WITHOUT FINANCIAL INVESTMENTS OF OPENING A FULL SCALE SHOP. 1,618,095
2 THE TULSA STARTUP SERIES WAS FORMED TO SUPPORT INNOVATION,GROWTH, & CREATIVITY AMONG TULSA'S ENTERPRENEURIAL COMMUNITY. 128
3 KITCHEN 66 WAS FORMED TO PROVIDE FOOD ENTREPRENEURS EDUCATION, MENTORSHIP AND ACCESS TO AFFORDABLE KITCHEN SPACE AS THEY START AND SCALE THEIR BUSINESSES. 540,575
4 THE LOBECK TAYLOR FAMILY FOUNDATION IS WORKING TO CREATE A POSITIVE CULTURAL AND ECONOMIC DEVELOPMENT IMPACT ON THE 11TH STREET CORRIDOR IN THE CITY OF TULSA, OKLAHOMA THROUGH THE TULSA MARKET DISTRICT. BY STRATEGICALLY WORKING TO ADVANCE EQUITY, PRIDE OF PLACE, PHYSICAL INFRASTRUCTURE AND ECONOMIC ACTIVITY, WE WILL DECREASE BARRIERS TO BUILDING GENERATIONAL WEALTH WITHIN THE TULSA MARKET DISTRICT. 15,283
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
0
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
0
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
0
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,174,103
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,174,103
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 0
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 1,517,152
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 1,517,152
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 0
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,517,152
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,517,152
10 Analysis of line 9:
a Excess from 2019.... 1,517,152
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
2017-05-16
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
0 0 0 0 0
b 85% (0.85) of line 2a ......... 0 0 0 0 0
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		2,174,103 2,203,402 1,387,785 1,463,859 7,229,149
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		2,174,103 2,203,402 1,387,785 1,463,859 7,229,149
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 17,583,557 14,653,924 12,804,127 10,304,260 55,345,868
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		 15,865,404 13,319,835 11,085,033 8,601,246 48,871,518
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		        0
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PILOT TESTING
1124 S LEWIS AVE
TULSA,OK74104
(918) 583-2955
INFO@LOBECKTAYLOR.ORG
bThe form in which applications should be submitted and information and materials they should include:
CURRENTLY, THE PROGRAM IS PUBLICIZED THROUGH THE OPERATING FOUNDATION'S NEWSLETTERS (+5000 SUBSCRIBERS) AND BY SENDING THE INFORMATION TO OUR PARTNERS (36 DEGREES NORTH ENTREPRENEUR CENTER, TULSA SMALL BUSINESS NETWORK, TULSA REGIONAL CHAMBER, LOCAL UNIVERSITIES AND TRADE SCHOOLS, TECHNICAL COLLEGES), ON EARNED MEDIA (TULSA WORLD, TULSA VOICE, TULSA PEOPLE) AND SOCIAL MEDIA (FACEBOOK, INSTAGRAM AND TWITTER). WE ALSO RELY HEAVILY ON WORD OF MOUTH TO PROMOTE OUR APPLICATION PROCESS AND THE OPPORTUNITIES AVAILABLE TO BOTH ENTREPRENEURS AND CUSTOMERS.
cAny submission deadlines:
THE K66 LAUNCH PROGRAM ACCEPTS APPLICATIONS TWICE EACH YEAR UNTIL CAPACITY IS REACHED.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FOR K66 KIOSKS, PARTICIPANTS WILL HAVE TO PAY RENT MONTHLY TO PARTICIPATE. THE RENT WILL BE REDUCED FOR THE K66 GRADUATES, BUT WILL BE GRADUALLY INCREASED TO MARKET RATE TO PREPARE THEM TO SCALE THEIR BUSINESS. FOR K66 CURRICULUM PARTICIPANTS, WE REQUIRE THAT THEY ATTEND CLASS, PARTICIPATE AND BECOME PART OF THE CULTURE AND COMMUNITY.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

HUMANITIX

1644 PLATTE ST STE 400
DENVER,CO802022476 		PROGRAM PARTICIPANT PC GENERAL OPERATIONS 528

FREEDOM OKLAHOMA

PO BOX 18711
OKLAHOMA CITY,OK73154 		PROGRAM PARTICIPANT PC GENERAL OPERATIONS 680
Total .................................right arrow 3a 1,208
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aMISCELLANEOUS INCOME         196,951
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 28,506  
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16   709,600
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -34,321  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         289,595
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 -5,815 1,196,146
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,190,331
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1. THE LT OPERATING FOUNDATION PRIMARILY ACCOMPLISHES ITS CHARITABLE PURPOSE OF POSITIVE CULTURAL, ECONOMIC AND EDUCATIONAL IMPACT THROUGH MOTHER ROAD MARKET AND KITCHEN 66. BOTH PROGRAMS ARE ALIGNED WITH THE GOALS OF IMPROVING PRIDE OF PLACE, INCREASING ECONOMIC ACTIVITY AND EQUITY, CREATING GENERATIONAL WEALTH, AND IMPROVING PHYSICAL INFRASTRUCTURE IN THE 11TH ST CORRIDIOR OF TULSA, OKLAHOMA KNOWN AS THE TULSA MARKET DISTRICT. BELOW IS A DETAILED EXPLANATION OF HOW MOTHER ROAD MARKET AND KITCHEN 66 MEET THE OPERATIONAL TEST PER REG 1.501(C)(3)-1(C). 1. PRIMARY ACTIVITIES: MOTHER ROAD MARKET AND KITCHEN 66 WILL CONDUCT ACTIVITIES THAT SOLELY FURTHER ITS TAX-EXEMPT PURPOSE. A. MOTHER ROAD MARKET AND KITCHEN 66 OFFER THE FOLLOWING SERVICES TO THE UNDERSERVED COMMUNITY IN THE SURROUNDING AREA. I. PROGRAMS FOR FOOD ENTREPRENEURS IN NEED, OFFERING THEM WEEKLY CLASSES AND AFFORDABLE KITCHEN SPACE FOR THE ENTREPRENEURS TO LEARN IN A SAFE ENVIRONMENT. II. PROVIDING LOW RISK SPACE FOR NEW BUSINES
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
LT OPERATING FOUNDATION
 
Employer identification number

82-1728733
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
LT OPERATING FOUNDATION
  		Employer identification number
82-1728733
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
LOBECK TAYLOR FAMILY FOUNDATION
 
1124 SOUTH LEWIS AVE
 
TULSA, OK74104

$ 70,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
LARRY FAULKNER
 
1124 SOUTH LEWIS AVE
 
TULSA, OK74104

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
LT OPERATING FOUNDATION
  		Employer identification number

82-1728733
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
LT OPERATING FOUNDATION
  		Employer identification number

82-1728733
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 115,422 11,542 31,431 72,449

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
1102 S LEWIS BUILDING 2017-08-23 46,584 6,419 SL 39.000000000000 1,194 1,194 1,194  
1102- MRM PARKING LOT 2019-05-31 11,500 11,500 150DB 15.000000000000 0 0 0  
1102-FLOWER SHOP DEMO 2019-07-30 6,738 6,738 150DB 15.000000000000 0 0 0  
1102-BUILDING IMPROVEMENT 2019-11-18 50,601 50,601 150DB 15.000000000000 0 0 0  
1102-BUILDING IMPROVEMENT 2019-12-11 51,032 51,032 150DB 15.000000000000 0 0 0  
1102-BUILDING IMPROVEMENT 2019-12-26 58,191 58,191 150DB 15.000000000000 0 0 0  
M66 - POS SYSTEM 2018-11-01 37,809 35,223 200DB 5.000000000000 2,586 0 2,586  
BUILDING IMPROVEMENT 2018-11-01 6,000 635 SL 39.000000000000 154 0 154  
ARCHITECTURAL DESIGN 2018-11-01 18,006 1,906 SL 39.000000000000 462 0 462  
BULIDING SIGNS 2018-11-01 93,810 9,921 SL 39.000000000000 2,405 0 2,405  
CONSTRUCTION 2018-11-01 3,827,796 404,879 SL 39.000000000000 98,149 0 98,149  
SOLIDED DISH TABLE 2018-11-01 5,965 5,557 200DB 5.000000000000 408 0 408  
CONVECTION OVEN 2018-11-01 15,750 14,673 200DB 5.000000000000 1,077 0 1,077  
PANETARY MIXER 2018-11-01 9,818 9,146 200DB 5.000000000000 672 0 672  
WALK IN US COOLER 2018-11-01 22,194 20,676 200DB 5.000000000000 1,518 0 1,518  
WALK IN US COOLER 2018-11-01 16,017 14,921 200DB 5.000000000000 1,096 0 1,096  
DISHMACHINES 2018-11-01 6,511 6,066 200DB 5.000000000000 445 0 445  
3 SECTION SOFAS 2018-11-01 25,320 23,588 200DB 5.000000000000 1,732 0 1,732  
ESPRESSO MACHINE 2018-11-01 5,000 4,658 200DB 5.000000000000 342 0 342  
DUCTWORK & STAINLE 2018-11-01 53,716 5,680 SL 39.000000000000 1,377 0 1,377  
MRM FIXTURE AND FI 2018-11-01 162,833 17,223 SL 39.000000000000 4,175 0 4,175  
KOLD LOCKER-INDO 2018-11-01 7,273 6,776 200DB 5.000000000000 497 0 497  
FREEZER 2018-11-01 6,441 6,000 200DB 5.000000000000 441 0 441  
UNDERBAR GLASSWASH 2018-11-01 6,622 6,169 200DB 5.000000000000 453 0 453  
OPEN AIR MERCHANDI 2018-11-01 5,496 5,120 200DB 5.000000000000 376 0 376  
PRODUCE OPEN MERCH 2018-11-01 5,303 4,940 200DB 5.000000000000 363 0 363  
RECTANGULAR TABLE 2018-11-01 372 347 200DB 5.000000000000 25 0 25  
TI ALLOWANCE 2018-11-01 43,666 4,620 SL 39.000000000000 1,120 0 1,120  
PATIO ENCLOSURE 2019-09-24 39,399 39,399 150DB 15.000000000000 0 0 0  
DOWNSPOUT IMPROVEMENT 2019-12-17 11,750 11,750 150DB 15.000000000000 0 0 0  
ARCHITECTURAL DESIGN 2019-02-26 3,865 384 SL 39.000000000000 99 0 99  
ARCHITECTURAL DESIGN 2019-03-08 2,040 197 SL 39.000000000000 52 0 52  
ARCHITECTURAL DESIGN 2019-06-07 12,799 1,162 SL 39.000000000000 328 0 328  
ARCHITECTURAL DESIGN 2019-08-07 6,185 537 SL 39.000000000000 159 0 159  
ARCHITECTURAL DESIGN 2019-10-11 6,800 558 SL 39.000000000000 174 0 174  
CONSTRUCTION 2019-06-18 7,460 677 SL 39.000000000000 191 0 191  
ACCUREX EQUIPMENT 2019-02-25 35,202 35,202 200DB 5.000000000000 0 0 0  
TI ALLOWANCE 2019-01-03 6,400 3,998 SL 5.000000000000 1,280 0 1,280  
DEMO KITCHEN EQUIP 2019-03-04 2,285 2,285 200DB 5.000000000000 0 0 0  
TI ALLOWANCE 2019-01-18 6,400 650 SL 39.000000000000 164 0 164  
TI ALLOWANCE 2019-09-13 733 62 SL 39.000000000000 19 0 19  
M66- PATIO CHAIRS 2019-05-28 8,843 8,843 200DB 7.000000000000 0 0 0  
M66-SECURITY CAM 2019-10-31 20,217 20,217 200DB 7.000000000000 0 0 0  
K66-4 LOVE SEATS 2016-04-01 1,510 1,457 SL 7.000000000000 53 0 53  
K66-2 SOFAS 2016-05-02 1,500 1,427 SL 7.000000000000 73 0 73  
1124-BUILDING IMRPOVEMENT 2020-12-30 215,889   150DB 15.000000000000 0 0 14,393  
1124-DISH MACHINE 2020-01-06 1,275   200DB 7.000000000000 0 0 182  
1124-TENANT IMPROVEMENT 2020-12-09 3,880   150DB 15.000000000000 0 0 259  
1102-BUILDING IMPROVEMENT 2020-12-30 905,040   150DB 15.000000000000 0 60,336 60,336  
M66-CAMERA INSTALLATION 2020-01-14 10,000   200DB 7.000000000000 0 0 1,429  
M66-INDOOR AND OUTDOOR DOMES 2020-05-20 17,327   SL 7.000000000000 0 0 2,475  
M66-POS SYSTEM 2020-06-22 777   200DB 5.000000000000 0 0 155  
MRM BUILDING SIGNS 2020-07-17 40,803   150DB 20.000000000000 0 0 2,040  
1102 S LEWIS BUILDING 2020-01-01 269 21 SL 39.000000000000 7 7 7  
1102-LAND 2019-12-31 60,200   NC 0 % 0 0 0  
1124-LAND 2019-12-31 542,834   NC 0 % 0 0 0  
1102-BUILDING IMPROVEMENT 2019-12-31 50 14 150DB 15.000000000000 4 3 3  
ARCHITECTURAL DESIGN 2019-12-31 61,927 4,764 SL 39.000000000000 1,588 0 1,588  
FURNITURE AND EQUIPMENT 2019-12-31 53,715 5,859 SL 27.500000000000 1,953 0 1,953  
CONSTRUCTION 2019-12-31 11,978 921 SL 39.000000000000 307 0 307  
CONVECTION OVEN 2018-11-01 451 420 200DB 5.000000000000 31 0 31  
1124 -MRM SIGN 2021-10-03 2,181 846 200DB 7.000000000000 381 0 312  
1102-BUILDING IMPROVEMENT MURAL SUPPLIES 2021-09-20 4,859 705 150DB 15.000000000000 415 324 324  
1102-BUILDING IMPROVEMENT MRM MURAL 2021-11-13 4,266 618 150DB 15.000000000000 365 284 284  
1124-CURDS AND WHEY DECALS 2021-05-28 315 46 150DB 15.000000000000 27 0 21  
1124-INFO BOOTH 2021-07-01 2,300 334 150DB 15.000000000000 197 0 153  
1124-POINT OF SALE ELECTRIC WORK 2021-07-12 642 93 150DB 15.000000000000 55 0 43  
1124-OUTDOOR FREEZER 2021-08-17 36,328 5,267 150DB 15.000000000000 3,106 0 2,422  
1124-KITCHEN 66 REMODEL 2021-08-19 1,512 220 150DB 15.000000000000 129 0 101  
1124-HANING PENDANT LIGHTS 2021-09-21 163 24 150DB 15.000000000000 14 0 11  
1124-REMODEL OF FRONT COUNTER 2021-09-28 5,200 754 150DB 15.000000000000 445 0 347  
1124-ELECTRIC WORK 2021-10-04 1,075 156 150DB 15.000000000000 92 0 72  
1124-SIGNS DECALS 2021-11-05 365 53 150DB 15.000000000000 31 0 24  
1124-RESTAURANT EQUIPMENT & SUPPLY 2021-04-15 5,585 2,166 200DB 7.000000000000 977 0 798  
1124-EQUIPMENT STAND,GAS FLOOR FRYER, GRIDDLE, GAS, ETC 2021-08-04 13,580 5,266 200DB 7.000000000000 2,375 0 1,940  
1124-TENANT IMPROVEMENT-UNDER SHELF LIGHTS 2021-04-15 725 105 150DB 15.000000000000 62 0 48  
1124-TENANT IMPROVEMENT-SHELVING AT BAR 2021-04-15 3,460 502 150DB 15.000000000000 296 0 231  
1124-TENANT IMPROVEMENT-HEAT LAMP &SANDWICH GRILL 2021-04-15 784 114 150DB 15.000000000000 67 0 52  
1124-TENANT IMPROVEMENT-GAS LINES, SNEEZE GUARDS,COVE BASE 2021-04-22 1,250 182 150DB 15.000000000000 107 0 83  
1124-TENANT IMPROVEMENT-CURDS &WHEY 2021-04-30 1,250 182 150DB 15.000000000000 107 0 83  
1124-TENANT IMPROVEMENT-CURDS &WHEY 2021-04-30 775 113 150DB 15.000000000000 66 0 52  
1124 - ELITE SYSTEM 2021-02-25 2,228 323 150DB 15.000000000000 191 0 149  
1124-CABINETS 2021-04-26 13,160 1,908 150DB 15.000000000000 1,125 0 877  
M66 - ELITE SYSTEMS 2022-06-21 5,189   200DB 7.000000000000 0 0 741  
M66 - REGENCY WORK TABLE. AVANTCO DOUBLE OVERSHELF, REFRIGERATED SANDW 2022-02-22 5,000   200DB 7.000000000000 0 0 714  
K66 - DOUGH SHEETER 2018-07-05 2,510 717 200DB 7.000000000000 717 0 359  
1124 - NEON SIGN 2022-05-19 4,643   200DB 7.000000000000 0 0 663  
1124 - PLUG 2022-01-01 5,293   200DB 7.000000000000 0 0 756  
1102-BUILDING IMPROVEMENT 2023-05-18 2,980   150DB 15.000000000000 2,414 116 116  
1124 - CUSTOM DOORS 2023-11-30 14,952   150DB 15.000000000000 12,112 0 83  
1124 - BUILDING IMPROVEMENTS 2023-08-31 34,435   150DB 15.000000000000 27,892 0 765  
M66 - TABLES 2023-05-17 6,008   200DB 7.000000000000 4,978 0 501  
M66 - NVR SECURITY 2023-07-01 2,610   200DB 7.000000000000 2,163 0 186  
M66 - FURNITURE & FIXTURES 2023-08-01 1,796   200DB 7.000000000000 1,488 0 107  
M66 - SILENT DISCO SYSTEM 2023-08-01 3,847   200DB 7.000000000000 3,188 0 229  
M66 - MINI GOLF DESIGNS 2023-10-30 6,000   200DB 7.000000000000 4,971 0 143  
M66 - CUSHIONS 2023-12-31 4,734   200DB 7.000000000000 3,922 0 0  
M66 - POS SYSTEM 2023-02-01 4,289   200DB 5.000000000000 3,603 0 786  
K66 - SECURITY CAGES 2023-01-05 2,033   200DB 7.000000000000 1,684 0 290  
K66 - SINGLE CONVECTION OVEN 2023-03-30 4,311   SL 10.000000000000 3,492 0 323  

TY 2023 InvestmentsLandSchedule2
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
1102 S LEWIS BUILDING 46,584 7,613 38,971  
1102- MRM PARKING LOT 11,500 11,500 0  
1102-FLOWER SHOP DEMO 6,738 6,738 0  
1102-BUILDING IMPROVEMENT 50,601 50,601 0  
1102-BUILDING IMPROVEMENT 51,032 51,032 0  
1102-BUILDING IMPROVEMENT 58,191 58,191 0  
1102-BUILDING IMPROVEMENT 905,040 905,040 0  
1102 S LEWIS BUILDING 269 28 241  
1102-LAND 60,200 0 60,200  
1124-LAND 542,834 0 542,834  
1102-BUILDING IMPROVEMENT 50 18 32  
1102-BUILDING IMPROVEMENT MURAL SUPPLIES 4,859 1,120 3,739  
1102-BUILDING IMPROVEMENT MRM MURAL 4,266 983 3,283  
1102-BUILDING IMPROVEMENT 2,980 2,414 566  

TY 2023 LandEtcSchedule2
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
M66 - POS SYSTEM 37,809 37,809 0  
BUILDING IMPROVEMENT 6,000 789 5,211  
ARCHITECTURAL DESIGN 18,006 2,368 15,638  
BULIDING SIGNS 93,810 12,326 81,484  
CONSTRUCTION 3,827,796 503,028 3,324,768  
SOLIDED DISH TABLE 5,965 5,965 0  
CONVECTION OVEN 15,750 15,750 0  
PANETARY MIXER 9,818 9,818 0  
WALK IN US COOLER 22,194 22,194 0  
WALK IN US COOLER 16,017 16,017 0  
DISHMACHINES 6,511 6,511 0  
3 SECTION SOFAS 25,320 25,320 0  
ESPRESSO MACHINE 5,000 5,000 0  
DUCTWORK & STAINLE 53,716 7,057 46,659  
MRM FIXTURE AND FI 162,833 21,398 141,435  
KOLD LOCKER-INDO 7,273 7,273 0  
FREEZER 6,441 6,441 0  
UNDERBAR GLASSWASH 6,622 6,622 0  
OPEN AIR MERCHANDI 5,496 5,496 0  
PRODUCE OPEN MERCH 5,303 5,303 0  
RECTANGULAR TABLE 372 372 0  
TI ALLOWANCE 43,666 5,740 37,926  
PATIO ENCLOSURE 39,399 39,399 0  
DOWNSPOUT IMPROVEMENT 11,750 11,750 0  
ARCHITECTURAL DESIGN 3,865 483 3,382  
ARCHITECTURAL DESIGN 2,040 249 1,791  
ARCHITECTURAL DESIGN 12,799 1,490 11,309  
ARCHITECTURAL DESIGN 6,185 696 5,489  
ARCHITECTURAL DESIGN 6,800 732 6,068  
CONSTRUCTION 7,460 868 6,592  
ACCUREX EQUIPMENT 35,202 35,202 0  
TI ALLOWANCE 6,400 5,278 1,122  
DEMO KITCHEN EQUIP 2,285 2,285 0  
TI ALLOWANCE 6,400 814 5,586  
TI ALLOWANCE 733 81 652  
M66- PATIO CHAIRS 8,843 8,843 0  
M66-SECURITY CAM 20,217 20,217 0  
K66-4 LOVE SEATS 1,510 1,510 0  
K66-2 SOFAS 1,500 1,500 0  
1124-BUILDING IMRPOVEMENT 215,889 215,889 0  
1124-DISH MACHINE 1,275 1,275 0  
1124-TENANT IMPROVEMENT 3,880 3,880 0  
M66-CAMERA INSTALLATION 10,000 10,000 0  
M66-INDOOR AND OUTDOOR DOMES 17,327 17,327 0  
M66-POS SYSTEM 777 777 0  
MRM BUILDING SIGNS 40,803 40,803 0  
ARCHITECTURAL DESIGN 61,927 6,352 55,575  
FURNITURE AND EQUIPMENT 53,715 7,812 45,903  
CONSTRUCTION 11,978 1,228 10,750  
CONVECTION OVEN 451 451 0  
1124 -MRM SIGN 2,181 1,227 954  
1124-CURDS AND WHEY DECALS 315 73 242  
1124-INFO BOOTH 2,300 531 1,769  
1124-POINT OF SALE ELECTRIC WORK 642 148 494  
1124-OUTDOOR FREEZER 36,328 8,373 27,955  
1124-KITCHEN 66 REMODEL 1,512 349 1,163  
1124-HANING PENDANT LIGHTS 163 38 125  
1124-REMODEL OF FRONT COUNTER 5,200 1,199 4,001  
1124-ELECTRIC WORK 1,075 248 827  
1124-SIGNS DECALS 365 84 281  
1124-RESTAURANT EQUIPMENT & SUPPLY 5,585 3,143 2,442  
1124-EQUIPMENT STAND,GAS FLOOR FRYER, GRIDDLE, GAS, ETC 13,580 7,641 5,939  
1124-TENANT IMPROVEMENT-UNDER SHELF LIGHTS 725 167 558  
1124-TENANT IMPROVEMENT-SHELVING AT BAR 3,460 798 2,662  
1124-TENANT IMPROVEMENT-HEAT LAMP &SANDWICH GRILL 784 181 603  
1124-TENANT IMPROVEMENT-GAS LINES, SNEEZE GUARDS,COVE BASE 1,250 289 961  
1124-TENANT IMPROVEMENT-CURDS &WHEY 1,250 289 961  
1124-TENANT IMPROVEMENT-CURDS &WHEY 775 179 596  
1124 - ELITE SYSTEM 2,228 514 1,714  
1124-CABINETS 13,160 3,033 10,127  
M66 - ELITE SYSTEMS 5,189 5,189 0  
M66 - REGENCY WORK TABLE. AVANTCO DOUBLE OVERSHELF, REFRIGERATED SANDW 5,000 5,000 0  
K66 - DOUGH SHEETER 2,510 1,434 1,076  
1124 - NEON SIGN 4,643 4,643 0  
1124 - PLUG 5,293 5,293 0  
1124 - CUSTOM DOORS 14,952 12,112 2,840  
1124 - BUILDING IMPROVEMENTS 34,435 27,892 6,543  
M66 - TABLES 6,008 4,978 1,030  
M66 - NVR SECURITY 2,610 2,163 447  
M66 - FURNITURE & FIXTURES 1,796 1,488 308  
M66 - SILENT DISCO SYSTEM 3,847 3,188 659  
M66 - MINI GOLF DESIGNS 6,000 4,971 1,029  
M66 - CUSHIONS 4,734 3,922 812  
M66 - POS SYSTEM 4,289 3,603 686  
K66 - SECURITY CAGES 2,033 1,684 349  
K66 - SINGLE CONVECTION OVEN 4,311 3,492 819  


TY 2023 LegalFeesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 13,283 0 0 13,283


TY 2023 OtherAssetsSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 17,607 14,949 14,949
CHARLES SCHWAB INVESTMENT 1,305,905 863,861 961,514
NOTES RECEIVABLE-CITY OF TULSA 4,850,549 7,138,150 7,138,150
PREPAID EXPENSES 7,350 6,398 6,398
OTHER NOTE RECEIVABLE 9,156    
OTHER ASSETS   2,009 2,009


TY 2023 OtherExpensesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSE 1,308 0 128 1,181
INSURANCE 10,503 0 0 10,503
ADVERTISING 138,210 0 6,328 131,882
START UP EVENT EXPENSES 128 0 0 128
LICENSE/PERMIT 2,779 0 456 2,322
UTILITIES 260,076 0 7,334 252,742
BACKGROUND CHECKS 1,121 0 0 1,121
BANK CHARGES 1,054 0 0 1,054
TELEPHONE EXPENSES 26,807 0 0 26,807
SECURITY 40,864 0 1,070 39,794
DIRECT OPERATING EXPENSE 11,788 0 0 11,788
EQUIPMENT RENTAL 3,792 0 0 3,792
FACILITY EXPENSES -203 0 0 -203
JANITOR EXPENSE 105,389 0 0 105,389
MISC EXPENSE 5,898 0 0 5,898
MEALS AND ENTERTAINMENT 3,041 0 376 2,665
POINT OF SALE 4,553 0 0 4,553
REPAIRS & MAINTENANCE 91,167 0 478 90,689
PEST CONTROL 2,276 0 0 2,276
SUBSCRIPTION 5,311 0 0 5,311
SUPPLIES 64,688 0 0 64,688
CREDIT CARD FEES 42,655 0 0 42,655
LANDSCAPING 14,178 0 0 14,178
RENT 59,007 0 0 59,007
VENT & GREASE TRAP CLEANING 4,341 0 0 4,341
STAFF ENGAGEMENT 241 0 0 241
BAD DEBT 610 0 0 610
STRATEGIC 21,946 0 0 21,946
DISCOUNT EXPENSE -218 0 0 -218
DIRECT PROGRAM ACTIVITIES 11,861 0 0 11,861
FOOD SPOILAGE 3,872 0 0 3,872
CONTRACT LABOR 8,422 0 0 8,422
EVENT EXPENSES 58,448 0 0 58,448


TY 2023 OtherIncomeSchedule2
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INCOME 196,951   196,951


TY 2023 OtherLiabilitiesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Description Beginning of Year - Book Value End of Year - Book Value
NOTES PAYABLE-LTFF 4,240,173 7,275,619


TY 2023 OtherProfessionalFeesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 20,542 0 0 20,542


TY 2023 TaxesSchedule
Name:
LT OPERATING FOUNDATION
EIN:
82-1728733
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME TAXES 8,927 0 0 8,927
PROPERTY TAXES 96,642 0 0 96,642
PAYROLL TAX 311,979 0 0 311,979
FOREIGN TAX 393 393 0 0