Oley Valley Communtiy Education Foundation
- Assets
- $939.6k
- Revenue
- $357.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Oley, PA
- Founding
- 10/1997
- Data as of
- 06/2023
- EIN
- 23-2867151
Organization Overview
Oley Valley Communtiy Education Foundation is located in Oley, PA. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oley Valley Communtiy Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Oley Valley Communtiy Education Foundation generated $357.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $200.7k during the year ending 06/2023. While expenses have increased by 14.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR PEOPLE IN THE OLEY VALLEY SCHOOL DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THE ORGANIZATION FUNDED SEVEN $3,000 SCHOLARSHIPS,ONE $1,000 SCHOLARSHIP, ONE $1,500 SCHOLARSHIP, AND ONE $5,000 SCHOLARSHIP FOR OLEY VALLEY HIGH SCHOOL GRADUATING SENIORS FURTHING THEIR EDUCATION AT AN INSTITUTE OF HIGHER LEARING.
EXECUTIVE DIRECTOR FEE ASSOCIATED WITH PROVIDING ALL PROGRAMATIC ACTIVITIES OF THE ORGANIZATION AS WELL AS COMMUNITY OUTREACH EXPENSES, AND MISCELLANEOUS OTHER PROGRAM RELATED EXPENSES.
EDUCATION PROJECT EXPENSES: THE ORGANIZATION FUNDED $104,340 OF GRANTS TO THE OLEY VALLEY SCHOOL DISTRICT TO FUND FACULTY-DEVISED PROGRAMS AND PROJECTS THAT BENEFIT STUDENTS AT THE OLEY VALLEY HIGH SCHOOL, MIDDLE SCHOOL, AND ELEMENTARY SCHOOL. EXAMPLES OF THESE PROJECTS INCLUDE DEVELOPING BIOMEDICAL SCIENCE EDUCATION & CAREER EXPLORATION, MOBILE AGRICULTURE LABORATORY, EARTH & SPACE SCIENCE PATHWAY DEVELOPMENT, AND WHEEL THROWING & POTTERY TRANSFER.
RECOGNITION AWARDS AND AWARDS BANQUET: THE ORGANIZATION FUNDED RECOGNITION AWARDS AND EVENTS TO HIGHLIGHT THE ACADEMIC AND OTHER ACHIEVEMENTS OF THE STUDENTS OF THE OLEY VALLEY SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Bieber Trustee | Trustee | 1 | $0 |
Michael Billera-Smith Trustee | Trustee | 1 | $0 |
Ryan Krall Trustee | Trustee | 1 | $0 |
Chris Hartman Trustee | Trustee | 1 | $0 |
Tracy Donoff Trustee | Trustee | 1 | $0 |
Melissa Woodard Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $256,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,534 |
| Total Program Service Revenue | $0 |
| Investment income | $15,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $71,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,340 |
| Grants and other assistance to domestic individuals. | $28,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,403 |
| Compensation of current officers, directors, key employees. | $27,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220 |
| Advertising and promotion | $500 |
| Office expenses | $2,733 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,257 |
| All other expenses | $0 |
| Total functional expenses | $200,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,056 |
| Savings and temporary cash investments | $25,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $652,445 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,674 |
| Total assets | $939,591 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $556,439 |
| Net assets with donor restrictions | $383,152 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $939,591 |
Grants Awarded
Over the last fiscal year, Oley Valley Communtiy Education Foundation has awarded $78,739 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OLEY VALLEY SCHOOL DISTRICT PURPOSE: TO FUND FACULTY-DEVISED PROGRAMS AND PROJECTS THAT BENEFIT THE STUDENTS OF THE OLEY VALLEY SCHOOL DISTRICT. | $75,769 |
OLEY VALLEY COMMUNITY LIBRARY PURPOSE: SUMMER READING PROGRAM | $2,970 |