Foundation For Tulsa Schools
- Assets
- $13.4m
- Revenue
- $11.6m
- Investments
- $9.5k
- Employees
- 3
- Location
- Tulsa, OK
- Founding
- 07/2001
- Data as of
- 06/2021
- 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 06/2021, Foundation For Tulsa Schools employed 3 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 06/2021, Foundation For Tulsa Schools generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $9.3m during the year ending 06/2021. While expenses have increased by 21.1% per year over the past 6 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
2021
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 |
|---|---|---|---|
Brian Paschal Former President And CEO | Officer | 40 | $184,806 |
Anhna Vuong President And CEO | Officer | 40 | $0 |
Larry Faulkner Chair | Trustee | 2 | $0 |
Sarah Gould Chair Elect | Trustee | 2 | $0 |
Shannon O'doherty Past Chair | Trustee | 1 | $0 |
Mary Spears Treasurer Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $536,336 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,765,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,337,863 |
| Total Program Service Revenue | $35,410 |
| Investment income | $52,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,567,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,922,789 |
| 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. | $133,596 |
| Compensation of current officers, directors, key employees. | $61,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,100 |
| Payroll taxes | $12,846 |
| Fees for services: Management | $19,430 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,447 |
| Office expenses | $2,125 |
| Information technology | $1,156 |
| Royalties | $0 |
| Occupancy | $6,952 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $626 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $584 |
| Insurance | $4,566 |
| All other expenses | $8,252 |
| Total functional expenses | $9,336,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,056,159 |
| Savings and temporary cash investments | $5,232,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,447,759 |
| 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 | $1,681 |
| Net Land, buildings, and equipment | $1,724 |
| Investments—publicly traded securities | $1,649,138 |
| Investments—other securities | $9,464 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,402,243 |
| Accounts payable and accrued expenses | $3,491 |
| 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 | $3,491 |
| Net assets without donor restrictions | $2,301,565 |
| Net assets with donor restrictions | $11,097,187 |
| 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 | $13,402,243 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Foundation For Tulsa Schools has recieved totaling $3,402,959.
| Awarding Organization | Amount |
|---|---|
George Kaiser Family Foundation Tulsa, OK PURPOSE: Destination Excellence Strategic Plan | $1,500,000 |
Tulsa Area United Way Tulsa, OK PURPOSE: STRONG TOMORROWS PREGNANCY PREVENTION PROGRAM | $510,961 |
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO IMPROVE OUTCOMES FOR K-12 STUDENTS IN THE U.S. | $350,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: STAFF AND RESOURCES FOR IMPLEMENTATION OF BEST-PRACTICE-MODEL MENTAL HEALTH SERVICES | $200,000 |
Ed Darby Foundation Inc Tulsa, OK PURPOSE: LEARNING DIRECTOR & STUDENT SUPPORT | $139,200 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: ANALYZING SUMMER LEARNING AND STUDENT EXPERIENCE | $135,000 |
Endowment Analysis
| Beg. Balance | $30,081 |
| Earnings | $8,284 |
| Admin Expense | $113 |
| Ending Balance | $38,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |