Olentangy Education Foundation
- Assets
- $848.4k
- Revenue
- $196.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewis Center, OH
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 31-1312620
Organization Overview
Olentangy Education Foundation is located in Lewis Center, OH. The organization was established in 1991. 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. Olentangy 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 12/2021, Olentangy Education Foundation generated $196.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $105.0k during the year ending 12/2021. While expenses have increased by 11.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO ENHANCE OLENTANGY SCHOOL'S EDUCATIONAL EXPERIENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM GRANTS MADE TO OLENTANGY SCHOOLS FOR PROGRAMS AND RESOURCES THAT FALL OUTSIDE OF SCHOOL BUDGETS
ADDITIONAL PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE OF STUDENTS IN OLENTANGY SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Haugk Executive Di | Trustee | 23 | $35,134 |
Steve Koehrsen Treasurer | OfficerTrustee | 2 | $0 |
Amy Miner Secretary | OfficerTrustee | 2 | $0 |
Lisa Moore President | OfficerTrustee | 2 | $0 |
Emily Robinson President El | OfficerTrustee | 2 | $0 |
Krista Davis Board Member | Trustee | 2 | $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 | $98,868 |
| Noncash contributions included in lines 1a–1f | $3,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,868 |
| Total Program Service Revenue | $9,504 |
| Investment income | $11,285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $76,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,975 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $35,136 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,127 |
| Office expenses | $1,281 |
| Information technology | $100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,119 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $105,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $740,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,101 |
| Total assets | $848,375 |
| Accounts payable and accrued expenses | $4,380 |
| 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 | $4,380 |
| Net assets without donor restrictions | $729,722 |
| Net assets with donor restrictions | $114,273 |
| 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 | $848,375 |
Grants Awarded
Over the last fiscal year, Olentangy Education Foundation has awarded $55,539 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OLENTANGY LOCAL SCHOOLS | | | $45,539 |
DELAWARE COUNTY FOUNDATION | | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Olentangy Education Foundation has recieved totaling $650.
| Awarding Organization | Amount |
|---|---|
Hathaway Family Foundation Lewis Center, OH PURPOSE: CHARITABLE PURPOSE OF ORGANIZATION | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $22,076 |
| Earnings | $2,062 |
| Net Contributions | $55,585 |
| Ending Balance | $79,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |