Funk Educational Foundation
- Assets
- $671.6k
- Revenue
- $692.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Piedmont, OK
- Founding
- 12/1997
- Data as of
- 12/2021
- 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 12/2021, Funk Educational Foundation generated $692.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $51.0k during the year ending 12/2021. While expenses have increased by 6.8% 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.
Since 2014, Funk Educational Foundation has awarded 154 individual grants totaling $137,750. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie A Bridges Secretary/controller | 25 | $29,117 | |
Nedra A Funk Vice President | 1 | $0 | |
Robert A Funk President/treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $692,827 |
| 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 | $692,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,117 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $180 |
| Other expenses | $2,700 |
| Total operating and administrative expenses | $35,966 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $50,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,765 |
| 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 | $552,827 |
| Other assets | $0 |
| Total assets | $671,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,000 |
| 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 | $8,000 |
Grants Awarded
Over the last fiscal year, Funk Educational Foundation has awarded $20,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TOBIAS JOHNSON PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |
ANTHONY MOREJON PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
JACKSON CARR PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
ANN ELIZABETH TEBOW PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
MADISON ANTWINE PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
MADISON ANTWINE PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |