Oak Ridge Public Schools Education Foundation Inc
- Assets
- $4.7m
- Revenue
- -$288.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Oak Ridge, TN
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 62-1809810
Organization Overview
Oak Ridge Public Schools Education Foundation Inc is located in Oak Ridge, TN. The organization was established in 2001. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Ridge Public Schools Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED TO PROVIDE SUPPORT FOR THE OAK RIDGE CITY SCHOOLS BY PROVIDING GRANTS AND OTHER FUNDING NOT ORDINARILY AVAILABLE FROM GENERAL GOVERNMENT FUNDING SOURCES. OAK RIDGE CITY SCHOOLS IS A PUBLIC PRE-K THRU 12 SCHOOL SYSTEM LOCATED IN OAK RIDGE, TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS TO THE LOCAL PUBLIC SCHOOLS TO ASSIST TEACHERS AND INDIVIDUAL CLASSROOMS IN PROVIDING QUALITY EDUCATION FOR ALL STUDENTS
THE ORGANIZATION FUNDS SCHOLARSHIPS EACH YEAR FOR WORTHY SENIORS AT OAK RIDGE HIGH SCHOOL. THE INDIVIDUALS ARE IDENTIFIED BASED ON CERTAIN CRITERIA AND ARE SELECTED BY THE OAK RIDGE HIGH SCHOOL STAFF OR A COMMITTEE AS DESIGNATED ON THE SCHOLARSHIP ENDOWMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Steed Executive Di | OfficerTrustee | 40 | $30,000 |
Benita Albert Member | Trustee | $0 | |
Stephen Barnes Member | Trustee | $0 | |
Jeremy Biggs Member | Trustee | $0 | |
Ivan Boatner Member | Trustee | $0 | |
David Bradshaw Member | 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 | $128,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,301 |
| Total Program Service Revenue | $0 |
| Investment income | $113,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$531,530 |
| Net Income from Fundraising Events | $500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$288,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $30,000 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,155 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,589 |
| Information technology | $110 |
| 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 | $854 |
| All other expenses | $0 |
| Total functional expenses | $94,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,129 |
| 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 | $3,076 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,467,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,726,575 |
| 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 | $3,820,707 |
| Net assets with donor restrictions | $905,868 |
| 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 | $4,726,575 |