Oprah Winfrey Leadership Academy Foundation
- Assets
- $13.8m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 74-3048315
Organization Overview
Oprah Winfrey Leadership Academy Foundation is located in Los Angeles, CA. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oprah Winfrey Leadership Academy 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, Oprah Winfrey Leadership Academy Foundation generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $10.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY FUNCTION IS THE SUPPORT AND OPERATION OF THE OPRAH WINFREY LEADERSHIP ACADEMY FOR GIRLS WHICH IS A SCHOOL FOR GIRLS LOCATED IN SOUTH AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPRAH WINFREY LEADERSHIP ACADEMY FOUNDATION 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 FOR 258 DISADVANTAGED SOUTH AFRICAN FEMALE STUDENTS. THE ACADEMY IS AN INDEPENDENT SCHOOL.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oprah Winfrey President / Director | OfficerTrustee | 1 | $0 |
Robert Greene Vp, Treasurer, & Director | OfficerTrustee | 1 | $0 |
Gayle King Secretary / Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bhekani Abantu Security And Maint Servi Security | 12/30/23 | $350,879 |
Pronto Foods Catering | 12/30/23 | $175,316 |
Potential At Work Mentoring | 12/30/23 | $185,926 |
Lubimark Cc Diesel | 12/30/23 | $152,665 |
Douglas & Veclcich Ca(sa) Accounting | 12/30/23 | $166,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,550 |
| Related organizations | $9,625,272 |
| Government grants | $195,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,882,433 |
| Total Program Service Revenue | $0 |
| Investment income | $229,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$405 |
| Net Income from Fundraising Events | -$7,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,103,966 |
| 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 | $1,013,669 |
| 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 | $4,018,413 |
| Pension plan accruals and contributions | $5,022 |
| Other employee benefits | $86,729 |
| Payroll taxes | $11,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,295 |
| Fees for services: Accounting | $254,374 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,340 |
| Advertising and promotion | $6,674 |
| Office expenses | $16,598 |
| Information technology | $243,458 |
| Royalties | $0 |
| Occupancy | $1,461,635 |
| Travel | $94,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,610 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $436,719 |
| Insurance | $78,641 |
| All other expenses | $380,891 |
| Total functional expenses | $10,461,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,239 |
| Savings and temporary cash investments | $1,972,324 |
| Pledges and grants receivable | $0 |
| 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 | $52,604 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $764,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,318,415 |
| Total assets | $13,792,258 |
| Accounts payable and accrued expenses | $947,300 |
| 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 | $64,806 |
| Total liabilities | $1,012,106 |
| Net assets without donor restrictions | $4,301,397 |
| Net assets with donor restrictions | $8,478,755 |
| 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 | $13,792,258 |