Oklahoma Foundation For Excellence
- Assets
- $8.3m
- Revenue
- $982.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Oklahoma City, OK
- Founding
- 08/1986
- Data as of
- 06/2022
- EIN
- 73-1260595
Organization Overview
Oklahoma Foundation For Excellence is located in Oklahoma City, OK. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Oklahoma Foundation For Excellence employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Foundation For Excellence 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 06/2022, Oklahoma Foundation For Excellence generated $982.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $975.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECOGNIZE AND ENCOURAGE ACADEMIC EXCELLENCE IN OKLAHOMA'S PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS PROGRAM - ENCOMPASSES TWO INITIATIVES:1) ACADEMIC ALL-STATE AWARDS- AWARDS A SCHOLARSHIP TO EACH OF THE TOP 100 ACADEMIC ALL-STATE SCHOLARS SELECTED FROM OKLAHOMA'S PUBLIC HIGH SCHOOL GRADUATING SENIORS. 2) MEDAL FOR EXCELLENCE- CASH AWARDS TO EACH OF FIVE CATEGORIES INCLUDING ONE TEACHER AT EACH OF THE ELEMENTARY, SECONDARY, REGIONAL UNIVERSITY/COMMUNITY COLLEGE AND RESEARCH UNIVERSITY LEVELS AND ONE PUBLIC SCHOOL ADMINISTRATOR.
THE OKLAHOMA SCHOOL FOUNDATIONS NETWORK PROVIDES ON-CALL SUPPORT, TRAINING, AND NETWORKING OPPORTUNITIES FOR OKLAHOMA SCHOOL FOUNDATION LEADERS AND VOLUNTEERS. IN ADDITION, THE PROGRAM ANNUALLY PRESENTS OUTSTANDING PROGRAM AWARDS RECOGNIZING SUCCESSFUL PROGRAMS SPONSORED OR ADMINISTRATED BY PUBLIC SCHOOL FOUNDATIONS.
THE BOREN MENTORING INITIATIVE PROVIDES START-UP GRANTS FOR NEW AND DEVELOPING MENTORING PROGRAMS AND OPPORTUNITY GRANTS ARE AWARDED TO SUPPORT STRATEGIC NEEDS OF K-12 MENTORING ORGANIZATIONS IN OKLAHOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Boren Chairman | OfficerTrustee | 0 | $0 |
Jami Rhoades Antonisse President | OfficerTrustee | 3 | $0 |
Andrew J Morris President-Elect | OfficerTrustee | 4 | $0 |
Deanne Dutton Hughes Treasurer | OfficerTrustee | 4 | $0 |
Mariano Acuna Trustee | Trustee | 0 | $0 |
Teresa B Adwan Trustee | 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 | $504,684 |
| Noncash contributions included in lines 1a–1f | $29,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,684 |
| Total Program Service Revenue | $38,931 |
| Investment income | $154,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $283,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $982,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| Grants and other assistance to domestic individuals. | $130,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,362 |
| Compensation of current officers, directors, key employees. | $13,388 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,112 |
| Pension plan accruals and contributions | $15,082 |
| Other employee benefits | $0 |
| Payroll taxes | $22,909 |
| Fees for services: Management | $24,924 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,683 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,523 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,195 |
| Insurance | $3,705 |
| All other expenses | $21,071 |
| Total functional expenses | $975,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,235 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $9,690 |
| Net Land, buildings, and equipment | $5,934 |
| Investments—publicly traded securities | $7,658,373 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186,970 |
| Total assets | $8,286,945 |
| Accounts payable and accrued expenses | $1,990 |
| 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 | $1,990 |
| Net assets without donor restrictions | $7,367,009 |
| Net assets with donor restrictions | $917,946 |
| 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 | $8,286,945 |
Grants Awarded
Over the last fiscal year, Oklahoma Foundation For Excellence has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|