Katheryne B Payne Education Center
- Assets
- $3.0m
- Revenue
- $822.8k
- Investments
- $0.0
- Employees
- 29
- Location
- Oklahoma City, OK
- Founding
- 01/1986
- Data as of
- 08/2023
- EIN
- 73-1254896
Organization Overview
Katheryne B Payne Education Center is located in Oklahoma City, OK. The organization was established in 1986. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 08/2023, Katheryne B Payne Education Center employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Katheryne B Payne Education Center 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 08/2023, Katheryne B Payne Education Center generated $822.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $902.9k during the year ending 08/2023. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO TRAIN TEACHERS TO PREVENT READING DIFFICULTIES IN CHILDREN AND TO REMEDIATE DYSLEXIA WHILE SERVING AS A RESOURCE AND REFERRAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES TEACHERS ACROSS THE STATE OF OKLAHOMA BY TRAINING IN STRUCTURED LITERACY, INCLUDING A FULL RANGE OF LANGUAGE ARTS PROGRAMS AND "SCIENCE OF READING" CURRICULUM PROGRAMS. THE CENTER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTI-SENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL IN TRAINING TEACHERS TO TEACH THE BASIC LANGUAGE SKILLS TO INDIVDUALS WITH LANGUAGE LEARNING DIFFERENCES, PARTICULARLY DYSLEXIA. THE ORGANIZATION WAS ESTABLISHED BY PARENTS SEEKING SOLUTIONS TO THEIR CHILDREN'S READING DIFFICULTIES. THE ORGANIZATION IS COMMITTED TO ENSURING THAT NO CHILD SHOULD STRUGGLE TO READ. FOR THE FISCAL YEAR ENDED AUGUST 31, 2023; 857 INDIVIDUALS WERE TRAINED AND 1,528 REFERRAL SERVICE HOURS WERE PROVIDED BY THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Johnson Executive Di | Officer | 40 | $81,394 |
Charlie Knight Board Chair | OfficerTrustee | 4 | $0 |
Samantha Bina Treasurer | OfficerTrustee | 4 | $0 |
Lauren Riepl Board Member | Trustee | 4 | $0 |
Steve Krause Board Member | Trustee | 4 | $0 |
Lynne Schonacher Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,045 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,716 |
| Total Program Service Revenue | $429,562 |
| Investment income | $44,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195 |
| Net Income from Fundraising Events | $46,783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $822,792 |
| 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. | $81,395 |
| Compensation of current officers, directors, key employees. | $18,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,146 |
| Payroll taxes | $36,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,623 |
| Advertising and promotion | $7,438 |
| Office expenses | $12,911 |
| Information technology | $6,198 |
| Royalties | $0 |
| Occupancy | $79,188 |
| Travel | $43,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,522 |
| Insurance | $9,300 |
| All other expenses | $0 |
| Total functional expenses | $902,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,462 |
| Prepaid expenses and deferred charges | $12,888 |
| Net Land, buildings, and equipment | $7,009 |
| Investments—publicly traded securities | $2,349,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,000 |
| Other assets | $303,953 |
| Total assets | $3,041,589 |
| Accounts payable and accrued expenses | $16,949 |
| 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 | $303,953 |
| Total liabilities | $320,902 |
| Net assets without donor restrictions | $2,456,137 |
| Net assets with donor restrictions | $264,550 |
| 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 | $3,041,589 |