Oklahoma members of Congress file reports about their finances

Annual reports show some Oklahoma members of Congress had investment earnings that exceeded their government salaries

BY CHRIS CASTEEL Published: May 21, 2012
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WASHINGTON — Some members of Oklahoma’s congressional delegation made more money outside of Congress last year than they received from their government salaries.

Sen. Jim Inhofe and...

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By the numbers

Sen. Tom Coburn, R-Muskogee

•Assets: $1.8

million to $5.1

million.

Major holdings:

Numerous stocks

and funds;

interest in

Professional

Building

Partnership and

Pinnacle Income

Partners, an oil

and gas partnership.

Major holdings: Numerous stocks and funds; retirement account; partnership in Pinnacle Income Partners, an oil and gas partnership.

Liabilities: None.

Income from dividends, capital gains, dividends, interest, rent: $96,600 to $299,300; income from Pinnacle Income Partners: $59,029; income loss from medical practice: $4,083; income from diagnostic imaging company: $1,600; income loss from Professional Building Partnership: $3,610.

Trips funded by outside groups: None.

Sen. Jim Inhofe, R-Tulsa

Assets: $3.6

million to $10.7

million.

Major holdings:

Interest in real

estate company;

spouse’s business

partnerships;

bank accounts

and numerous

stocks held in

trust.

Liabilities: $100,000 to $250,000.

•Income from dividends, capital gains, interest, rent, royalties, other: $175,300 to $463,500.

Trips: None.

Rep. James Lankford, R-Oklahoma City

Assets: $21,000

to $315,000.

Major holdings:

Mutual funds,

retirement and

college savings

accounts

Liabilities: Bank

of America

mortgage on

residence:

$100,000 to

$250,000

•Income from

interest and dividends: $5 to $1,000; income from guest

preaching: $4,150.

Trips: Jan. 27-29, Los Angeles, sponsored by Heritage Foundation; Aug. 20-28, Israel, sponsored by American Israel Education

Foundation.

Rep. Tom Cole, R-Moore

Assets: $2

million to

$5.3 million.

Major

holdings: Stock

in Cole,

Hargrave,

Snodgrass and

Associates

(political

consulting firm

in Oklahoma City)

and Strategic Communications in Moore; numerous mutual funds, retirement accounts and stocks.

Liabilities: None.

Income from dividends, capital gains, interest: $91,100 to $223,800; income from management fee from Cole, Hargrave, Snodgrass and Associates, $20,000.

Trips: Feb. 22-27, Puerto Rico, sponsored by the Aspen Institute; Sept. 24-30, Spain, sponsored by the Aspen Institute.

Rep. Frank Lucas, R-Cheyenne

Assets:

$635,000 to

$1.4 million.

Major

holdings:

Farmland,

mineral rights,

retirement funds.

Liabilities:

$475,000 to

$1.1 million

(Note: Includes

mortgage valued at $100,000 to $250,000 that was released when 508 acres of farmland in Roger Mills County sold in October).

Income from dividends, capital gains, interest, royalties, gross farm income: $215,000 to $2 million (Note: includes capital gains valued between $250,000 and $500,000 from sale of 508 acres of farmland in Roger Mills County).

Trips: Oct. 16-21, Panama, sponsored by Franklin Group for Global Policy Exchange; March 3-4, Tampa, Fla., sponsored by Commodity Classic; Feb. 23-28, Germany, sponsored by the German Marshall Fund of the United States.

Rep. John Sullivan, R-Tulsa

Assets:

$15,000 to

$50,000.

•Major

holdings: bank

accounts.

Liabilities:

$250,000 to

$500,000 for

mortgage on

personal

residence.

Trips: None.

Rep. Dan Boren, D-Muskogee, was granted an extension to file his report.

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