Foundation For Tulsa Schools
- Assets
- $13.4m
- Revenue
- $8.0m
- Investments
- $13.3k
- Employees
- 8
- Location
- Tulsa, OK
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 73-1612027
Organization Overview
Foundation For Tulsa Schools is located in Tulsa, OK. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2022, Foundation For Tulsa Schools employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Tulsa Schools 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, Foundation For Tulsa Schools generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. While expenses have increased by 14.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2001, THE FOUNDATION FOR TULSA SCHOOLS WAS ESTABLISHED TO BUILD A BETTER COMMUNITY THROUGH THE SUPPORT OF TULSA PUBLIC SCHOOLS.THE FOUNDATION BELIEVES THAT EVERY CHILD SHOULD HAVE ACCESS TO A QUALITY EDUCATION, THE RESOURCES THEY NEED TO LEARN, AND A SUPPORTIVE ENVIRONMENT IN WHICH TO LEARN.THE FOUNDATION FOR TULSA SCHOOLS IS HONORED TO BE A CHAMPION FOR TPS STUDENTS, TEACHERS, AND STAFF. WE SERVE AS A BRIDGE BETWEEN THOSE WHO ARE PASSIONATE ABOUT PUBLIC EDUCATION AND THOSE WHO LEARN IN, TEACH AT, AND SUPPORT OUR SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TPS - PROVIDE FUNDING FOR TPS PRIORITIES AND STRATEGIES
SUPPORT TPS - PROVIDE FUNDING FOR INNOVATIVE PARTNERS PROGRAMS
SUPPORT TPS - PROVIDE FUNDING FOR TPS HIGH SCHOOL REDESIGN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Gould Chair | Trustee | 2 | $0 |
Rick Kelly Chair Elect | Trustee | 2 | $0 |
Larry Faulkner Past Chair | Trustee | 1 | $0 |
Mary Spears Treasurer | Trustee | 1 | $0 |
Drew France Development | Trustee | 1 | $0 |
Lauren Sherry Programs | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $510,961 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,294,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,805,062 |
| Total Program Service Revenue | $10,871 |
| Investment income | $54,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,955,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,233,291 |
| 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. | $176,700 |
| Compensation of current officers, directors, key employees. | $29,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,377 |
| Pension plan accruals and contributions | $4,231 |
| Other employee benefits | $10,250 |
| Payroll taxes | $21,282 |
| Fees for services: Management | $36,714 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,987 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,641 |
| Office expenses | $9,736 |
| Information technology | $35 |
| Royalties | $0 |
| Occupancy | $8,035 |
| Travel | $2,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $648 |
| Insurance | $3,124 |
| All other expenses | $5,308 |
| Total functional expenses | $7,777,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,123,667 |
| Savings and temporary cash investments | $5,236,891 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,504,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,320 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,042 |
| Net Land, buildings, and equipment | $1,076 |
| Investments—publicly traded securities | $1,520,971 |
| Investments—other securities | $13,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,405,760 |
| Accounts payable and accrued expenses | $81,541 |
| 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 | $81,541 |
| Net assets without donor restrictions | $2,225,279 |
| Net assets with donor restrictions | $11,098,940 |
| 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 | $13,405,760 |