Ole Education Fund

Organization Overview

Ole Education Fund is located in Albuquerque, NM. The organization was established in 2010. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ole Education Fund 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 12/2021, Ole Education Fund generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE EDUCATIONAL TRAINING PROGRAMS TO COMMUNITY ORGANIZERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE EDUCATIONAL TRAINING PROGRAMS TO COMMUNITY ORGANIZERS, PROMOTE POLICIES AND PROGRAMS THAT EMPOWER LOW-INCOME NEW MEXICANS, AND PROVIDE RESOURCES AND PROGRAMS TO LOW-INCOME INDIVIDUALS AND COMMUNITIES.


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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$3,512,891
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,512,891
Total Program Service Revenue$26,000
Investment income $681
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $86
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,539,658

Grants Awarded

Over the last fiscal year, Ole Education Fund has awarded $35,200 in support to 3 organizations.

Grant RecipientAmount

TEACHING SOLUTIONS

PURPOSE: tech assistance

$14,850

EL CENTRO DE IGUALDAD Y DERECHOS

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: organize workers

$10,350

LA PLAZA DE ENCUENTRO

Org PageRecipient Profile

Albuquerque, NM

PURPOSE: organize workers

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Ole Education Fund has recieved totaling $1,064,923.

Awarding OrganizationAmount
$200,000
Amalgamated Charitable Foundation Inc

Washington, DC

PURPOSE: General operating support

$125,000
New Venture Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$106,500
Neo Philanthropy Inc

New York, NY

PURPOSE: Program Grant

$100,000
Overbrook Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$75,000
Tides Foundation

San Francisco, CA

PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

$65,000
View Grant Recipient Profile

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