Gaining Ground Corporation
- Assets
- $366.4k
- Revenue
- $366.4k
- Investments
- $0.0
- Employees
- 57
- Location
- Tulsa, OK
- Founding
- 11/2017
- Data as of
- 07/2023
- EIN
- 82-2302781
Organization Overview
Gaining Ground Corporation is located in Tulsa, OK. The organization was established in 2017. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 07/2023, Gaining Ground Corporation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaining Ground Corporation 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 07/2023, Gaining Ground Corporation generated $366.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $472.1k during the year ending 07/2023. While expenses have increased by 30.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GAINING GROUND'S MISSION IS TO DEVELOP READERS, THINKERS, AND LEADERS BY PROVIDING FAMILIES WITH ENGAGING LITERACY EXPERIENCES AND ACCESS TO HIGH-INTEREST, CULTURALLY RESPONSIVE BOOKS AND BY PROVIDING SUPPLIES AND SUPPORT IN UNDERSERVED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY ENGAGEMENT: GAINING GROUND PARTNERS WITH PARENTS, GUARDIANS AND FAMILY MEMBERS TO PROVIDE GUIDED PROGRAMS AND PROJECT-BASED UNITS AND LITERACY CAMPS. THESE ALLOW THE STUDENTS TO USE THEIR VOICES AND LEAD THEMSELVES AND OTHERS TO REACH THEIR LITERACY GOALS.
HOME LIBRARIES: GAINING GROUND WORKS IN PARTNERSHIP WITH TULSA AREA SCHOOLS TO BUILD STUDENTS' HOME LIBRARIES. OVER 75,000 WERE PROVIDED TO FAMILIES IN 2023.
OUT-OF-SCHOOL PROGRAMS: THIS INCLUDES AFTER-SCHOOL, SUMMER, AND THE BOOK BUS. THE BOOK BUS MADE OVER 200 INDIVIDUAL STOPS IN NEIGHBORHOODS AND PARTNERING SCHOOLS, PROVIDING EDUCATION ON LITERACY, PLAYING WITH BUBBLES, AND EATING POPSICLES. IT OFFERED A MOBILE METHOD FOR GETTING BOOKS INTO SCHOOLS AND KIDS' HANDS IN A FUN AND EDUCATIONAL WAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Shotts Executive Director | OfficerTrustee | 40 | $57,634 |
Nikki Vardaman Operations Manager | Officer | 40 | $24,375 |
Ashley Kirby Mackenzie Assistant Director | Officer | 15 | $15,052 |
Kyra Carby Member | Trustee | 0.5 | $0 |
Twytinna Gardner Member | Trustee | 0.5 | $0 |
Luisa Krug Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $366,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,413 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $366,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $218,292 |
| 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. | $190,966 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $8,005 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,888 |
| Advertising and promotion | $19 |
| Office expenses | $2,267 |
| Information technology | $1,423 |
| Royalties | $0 |
| Occupancy | $7,600 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,547 |
| All other expenses | $0 |
| Total functional expenses | $472,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,388 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,388 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $340,588 |
| Net assets with donor restrictions | $25,800 |
| 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 | $366,388 |