Oakland School Education Foundation
- Assets
- $480.7k
- Revenue
- $218.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Waterford, MI
- Founding
- 05/2000
- Data as of
- 06/2024
- EIN
- 38-3533533
Organization Overview
Oakland School Education Foundation is located in Waterford, MI. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Oakland School 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 06/2024, Oakland School Education Foundation generated $218.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $201.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 5 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE MAXIMIZE INNOVATIVE LEARNING OPPORTUNITIES TO PREPARE OAKLAND SCHOOLS' STUDENTS FOR PERSONAL AND PROFESSIONAL SUCCESS. OUR VISION IS TO BE A FULLY SUSTAINABLE, HIGH PERFORMING NON-PROFIT ORGANIZATION THAT IS WIDELY RECOGNIZED AS A CHAMPION FOR PUBLIC EDUCATION AND WORKS IN COLLABORATION WITH OAKLAND SCHOOLS TO SUPPORT CORE EDUCATIONAL PROGRAMS.WE GROW STUDENTS' POTENTIAL IN OUR COMMUNITY BY SUPPORTING OAKLAND SCHOOLS AND THE PROGRAMS THEY PRIORITIZE. WE SERVE AS CONNECTORS BETWEEN BUSINESS AND COMMUNITY LEADERS AND OAKLAND SCHOOLS AND RAISE FUNDS TO SUPPORT OAKLAND SCHOOLS EDUCATIONAL PROGRAMS. WE MAKE OAKLAND SCHOOLS AWARE OF THE CHANGING NEEDS OF BUSINESSES AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOMORROW'S TALENT TODAY SCHOLARSHIPS (TTT): PAYMENTS TO VARIOUS COLLEGES/UNIVERSITIES WERE MADE ON BEHALF OF THE STUDENTS THAT WERE AWARDED THE OSEF TTT SCHOLARSHIPS. PURCHASED A COMPUTER FOR A STUDENT IN LIEU OF THE UNIVERSITY RECEIVING ALL OF THE FUNDS. SCHOLARSHIP RECIPIENTS MUST HAVE ATTENDED ONE OF THE OAKLAND SCHOOLS TECH CAMPUSES & HAVE COMPLETED A COMPETITIVE SCHOLARSHIP APPLICATION. A TOTAL OF 20 SCHOLARSHIPS WERE AWARDED IN FY24 RANGING FROM $500 - $5,000.
TOMORROW'S TALENT TODAY SCHOLARSHIPS (TTT): PAYMENTS TO VARIOUS COLLEGES/UNIVERSITIES WERE MADE ON BEHALF OF THE STUDENTS THAT WERE AWARDED THE OSEF TTT SCHOLARSHIPS. PURCHASED A COMPUTER FOR A STUDENT IN LIEU OF THE UNIVERSITY RECEIVING ALL OF THE FUNDS. SCHOLARSHIP RECIPIENTS MUST HAVE ATTENDED ONE OF THE OAKLAND SCHOOLS TECH CAMPUSES & HAVE COMPLETED A COMPETITIVE SCHOLARSHIP APPLICATION. A TOTAL OF 20 SCHOLARSHIPS WERE AWARDED IN FY24 RANGING FROM $500 - $5,000.
OUTSTANDING TEACHER OF THE YEAR PROGRAM - AWARD TO THREE TEACHERS WITHIN OAKLAND COUNTY WHO MEET CRITERIA, ARE NOMINATED AND CHOSEN THROUGH A SELECTION PROCESS TO HIGHLIGHT OUTSTANDING TEACHER PERFORMANCE THROUGH CELEBRATION AND AWARD PROGRAM.
OUTSTANDING TEACHER OF THE YEAR PROGRAM - AWARD TO THREE TEACHERS WITHIN OAKLAND COUNTY WHO MEET CRITERIA, ARE NOMINATED AND CHOSEN THROUGH A SELECTION PROCESS TO HIGHLIGHT OUTSTANDING TEACHER PERFORMANCE THROUGH CELEBRATION AND AWARD PROGRAM.
ROBOTICS/OCCRA - FUNDS AWARDED TO OAKLAND SCHOOLS FOR THE OAKLAND COUNTY COMPETITIVE ROBOTICS ASSOCIATION, WHICH IS A LOCAL ASSOCIATION FORMED TO INCREASE THE NUMBER OF STUDENTS INVOLVED IN COMPETITIVE ROBOTICS.
ROBOTICS/OCCRA - FUNDS AWARDED TO OAKLAND SCHOOLS FOR THE OAKLAND COUNTY COMPETITIVE ROBOTICS ASSOCIATION, WHICH IS A LOCAL ASSOCIATION FORMED TO INCREASE THE NUMBER OF STUDENTS INVOLVED IN COMPETITIVE ROBOTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Cook-Robinson Vice President, Administrative Services | Trustee | 2 | $0 |
Kevin Downey Trustee | Trustee | 1 | $0 |
Barbara Demarco Trustee | Trustee | 1 | $0 |
Katherine Banicki Trustee | Trustee | 1 | $0 |
Gary Gabel Trustee | Trustee | 1 | $0 |
Ken Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,114 |
| Membership dues | $0 |
| Fundraising events | $45,348 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,469 |
| Noncash contributions included in lines 1a–1f | $102,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,931 |
| Total Program Service Revenue | $0 |
| Investment income | $4,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $42,364 |
| 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 | $15,020 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,251 |
| Advertising and promotion | $0 |
| Office expenses | $8,117 |
| Information technology | $5,678 |
| 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 | $750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $304 |
| All other expenses | $0 |
| Total functional expenses | $201,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,355 |
| Savings and temporary cash investments | $301,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,461 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $480,747 |
| Accounts payable and accrued expenses | $22,761 |
| 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 | $22,761 |
| Net assets without donor restrictions | $236,342 |
| Net assets with donor restrictions | $221,644 |
| 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 | $480,747 |