The information for Oprah Winfrey Leadership Academy Foundation is as of the organization's most recent filing in December 2019. This organization is located in West Hollywood, CA and has been in existence since 2002, making it 17 years old.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Oprah Winfrey Leadership Academy Foundation's NTEE code is T23. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "23" tells us that the organization is a Private Operating Foundation. The NTEE describes Private Operating Foundations as private foundations that use a bulk of their resources to provide charitable services or run charitable programs of their own. They make few, if any, grants to outside organizations and, like private independent foundations, they generally do not raise funds from the public.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Oprah Winfrey Leadership Academy Foundation is to support and operate the Oprah Winfrey Leadership Academy for Girls, a school for girls located in South Africa.
Program Area 1: The Oprah Winfrey Leadership Academy Foundation has partnered with the Guateng Member of the Executive Council for Education and the Guateng Department of Education to build and operate the Oprah Winfrey Leadership Academy for Girls, a school for 310 disadvantaged South African female students.
Program Area 2: The Oprah Winfrey Leadership Academy Foundation assists outstanding students graduating from the Oprah Winfrey Leadership Academy for Girls with scholarship support to attend college in South Africa or the United States.
Oprah Winfrey Leadership Academy Foundation is run by Rebecca Sykes, who is the President. The organization has 3 employees, of whom 1 is paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 3 volunteers.
The Oprah Winfrey Leadership Academy Foundation is well-governed with three voting members and three independent members. Potential conflicts of interest exist, but the organization has taken steps to address this by having a conflict of interest policy and requiring disclosure of any conflicts. The organization also has a written whistleblower policy and a document retention policy. Board and committee meetings are documented, and the organization provides copies of the 990 to the board prior to filing. However, the organization does not substantiate and review leadership or officer salaries. Overall, the Oprah Winfrey Leadership Academy Foundation has taken the necessary steps to ensure that it is well-governed and compliant with regulations.
The Oprah Winfrey Leadership Academy Foundation experienced a decrease in total revenue from $8.7M in 2014 to $8.1M in 2019. Contributions & Grants Received and Investment Income both decreased as well. Grants Paid increased, however, from $381.9K in 2014 to $1.7M in 2019. The number of employees and volunteers both decreased, indicating that the Foundation has not grown over this time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Oprah Winfrey President / Director | OfficerTrustee | 1 | $0 |
Robert Greene Director | Trustee | 1 | $0 |
Gayle King Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bhekani Abantu Security And Maint Servi Security | 12/30/21 | $361,327 |
Luwendo Travel Travel Service | 12/30/21 | $279,571 |
Potential At Work Mentoring | 12/30/21 | $248,923 |
Douglas & Veclcich Ca(sa) Accounting | 12/30/21 | $200,106 |
The Security Mecca Cc Security | 12/30/21 | $237,059 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $10,047,820 |
Government grants | $276,583 |
All other contributions, gifts, grants, and similar amounts not included above | $1,572,918 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,897,321 |
Total Program Service Revenue | $0 |
Investment income | $113,577 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,010,898 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $1,450,590 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,664,979 |
Pension plan accruals and contributions | $3,276 |
Other employee benefits | $93,191 |
Payroll taxes | $10,787 |
Fees for services: Management | $0 |
Fees for services: Legal | $35,814 |
Fees for services: Accounting | $265,589 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | -$12,919 |
Advertising and promotion | $10,048 |
Office expenses | $13,045 |
Information technology | $242,203 |
Royalties | $0 |
Occupancy | $1,253,439 |
Travel | $16,172 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $478,725 |
Insurance | $89,091 |
All other expenses | $222,998 |
Total functional expenses | $9,940,759 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $315,626 |
Savings and temporary cash investments | $4,250,266 |
Pledges and grants receivable | $400,000 |
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 | $48,038 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $775,391 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,180,122 |
Total assets | $17,969,443 |
Accounts payable and accrued expenses | $1,094,586 |
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 | $1,094,586 |
Net assets without donor restrictions | $6,511,037 |
Net assets with donor restrictions | $10,363,820 |
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 | $17,969,443 |
Over the last fiscal year, we have identified 1 grants that Oprah Winfrey Leadership Academy Foundation has recieved totaling $400,000.
Awarding Organization | Amount |
---|---|
Nina Simone Charitable Tr Los Angeles, CA PURPOSE: MUSIC EDUCATION FOR CHILDREN IN SOUTH AFRICA | $400,000 |
Organization Name | Assets | Revenue |
---|---|---|
Singleton Foundation For Financial Literacy And Entrepreneurship Burbank, CA | $5,023,733 | $12,067,602 |
Draper Richards Kaplan Foundation Menlo Park, CA | $54,158,347 | $29,356,238 |
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |