Tel Foundation
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 50
- Location
- Stillwater, OK
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 47-1391457
Organization Overview
Tel Foundation is located in Stillwater, OK. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Tel Foundation employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tel 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 06/2021, Tel Foundation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.5% each year . All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 73.3% per year over the past 6 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
1. CREATE AND PUBLISH EDUCATIONAL CURRICULUM AND PROVIDE ACADEMIC SERVICES TO COLLEGES AND UNIVERSITIES 2. PROVIDE RESEARCH AND TRAINING ON THE MANAGEMENT OF CHARTER,PRIVATE AND HIGH INNOVATION K-12 SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEL PARTNERED WITH COLLEGE AND HIGH SCHOOLS TO PROVIDE LOW COST COLLEGE/ADVANCED HIGH SCHOOL COURSE TEL PROVIDED A FREE ONLINE REFERENCE LIBRARY TO THE GENERAL PUBLIC WWW.TELLEARNING.ORG TEL MADE A GRANT TO DEVELOP CONTENT FOR THE COLLEGE/ADVANCED HIGH SCHOOL COURSES
TEL PROVIDES RESEARCH AND TRAINING ON THE CREATION AND OPERATION OF INNOVATIVE K-12 SCHOOLS.
CREATECREATE AND PUBLISH EDUCATIONAL CURRICULUM AND PROVIDE ACADEMIC SERVICES TO COLLEGES AND UNIVERSITIES, PROVIDE RESEARCH AND TRAINING FOR CHARTER,PRIVATE AND HIGH INNOVATION K-12 SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reggie Cook CFO | Officer | 40 | $81,522 |
Vance Fried President/di | Trustee | 40 | $64,669 |
Benjamin Lepak Secretary/ge | Officer | $0 | |
Nikki Bell Director | Trustee | $0 | |
Michael Martin Director | Trustee | $0 | |
Richard Gajan Director | Trustee | $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 | $2,497,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,497,945 |
| Total Program Service Revenue | $101,604 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,599,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $289,269 |
| Compensation of current officers, directors, key employees. | $6,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,678 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,744,167 |
| Advertising and promotion | $0 |
| Office expenses | $2,456 |
| Information technology | $455 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $749 |
| Payments to affiliates | $93,959 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,286 |
| All other expenses | $0 |
| Total functional expenses | $2,151,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,828 |
| Savings and temporary cash investments | $1,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $802,671 |
| 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 | $201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $846,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,730,869 |
| Accounts payable and accrued expenses | $16,757 |
| 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 | $301,638 |
| Total liabilities | $318,395 |
| Net assets without donor restrictions | $1,412,474 |
| Net assets with donor restrictions | $0 |
| 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 | $1,730,869 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Tel Foundation has recieved totaling $1,623,360.
| Awarding Organization | Amount |
|---|---|
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $1,223,360 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO EXPAND THE EDUPRENEUR ACADEMY. | $300,000 |
The Seminar Network Inc Arlington, VA PURPOSE: General Operating Support | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesys Works Group Return Houston, TX | $10,607,341 | $22,553,959 |
Prairiestar Health Center Inc Hutchinson, KS | $20,070,980 | $16,706,412 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Families & Children Together Inc El Dorado, AR | $3,440,326 | $10,725,537 |
Vilcap Inc Houston, TX | $5,374,554 | $9,179,521 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Kleinheinz Family Foundation For The Arts And Education Fort Worth, TX | $0 | $13,876,382 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
My Possibilities Plano, TX | $35,881,798 | $10,188,118 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |