Funk Educational Foundation
- Assets
- $541.4k
- Revenue
- $176.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Piedmont, OK
- Founding
- 12/1997
- Data as of
- 12/2023
- EIN
- 73-1488498
Organization Overview
Funk Educational Foundation is located in Piedmont, OK. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Funk Educational 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 12/2023, Funk Educational Foundation generated $176.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $279.8k during the year ending 12/2023. While expenses have increased by 27.2% per year over the past 9 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.
Since 2014, Funk Educational Foundation has awarded 172 individual grants totaling $245,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUNK EDUCATIONAL FOUNDATION, THROUGH ITS PROGRAM CALLED THE CATTLE SCHOLARS OF HOMESTEAD HELPS LOCAL STUDENTS IMPROVE THEIR SKILLS IN NURTURING STEERS AND ENGAGING IN COMPETITION. THE FOUNDATION MAINTAINS A BARN AND PROVIDES THE COST OF CATTLE, CATTLE CARE AND OTHER COSTS ASSOCIATED WITH SHOWING A CATTLE, WHICH IS OFTENTIMES TOO EXPENSIVE FOR MOST STUDENTS TO PARTICIPATE IN. THE PROGRAM GIVES STUDENTS HANDS-ON EXPERIENCE AND GUIDANCE TO DEVELOP THEIR SKILLS IN THE CARING AND SHOWING OF STEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Funk President/treasurer | 10 | $0 | |
Nedra A Funk Vice President | 1 | $0 | |
Julie A Bridges Secretary/controller | 25 | $27,980 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $176,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,980 |
| Other employee salaries and wages | $58,076 |
| Pension plans, employee benefits | $29,624 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $13,821 |
| Occupancy | $2,186 |
| Travel, conferences, and meetings | $7,308 |
| Printing and publications | $342 |
| Other expenses | $52,461 |
| Total operating and administrative expenses | $193,788 |
| Contributions, gifts, grants paid | $86,000 |
| Total expenses and disbursements | $279,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,176 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $525,185 |
| Other assets | $0 |
| Total assets | $541,361 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,000 |
Grants Awarded
Over the last fiscal year, Funk Educational Foundation has awarded $86,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LAUREN YOWELL PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
TITUS JOHNSON PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
MADISON ANTWINE PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
TOBIAS JOHNSON PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
CLARA WHITMAN PURPOSE: CATTLE SCHOLARS OF HOMSTEAD PROGRAM | $34,500 |
KARSTEN YOUNG PURPOSE: CATTLE SCHOLARS OF HOMSTEAD PROGRAM | $37,500 |