Oracle Education Foundation
- Assets
- $194.0k
- Revenue
- $351.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood Shores, CA
- Founding
- 03/2001
- Data as of
- 05/2023
- EIN
- 94-3382118
Organization Overview
Oracle Education Foundation is located in Redwood Shores, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oracle Education 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 05/2023, Oracle Education Foundation generated $351.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $314.9k during the year ending 05/2023. While expenses have increased by 4.9% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORACLE EDUCATION FOUNDATION (OEF) HELPS YOUNG PEOPLE DEVELOP THE TECHNICAL ACUMEN AND CREATIVE CONFIDENCE TO DESIGN OUTSTANDING SOLUTIONS TO PEOPLE'S NEEDS AND THE WORLD'S PROBLEMS. IN OEF'S PROGRAM, STUDENTS WORK ALONGSIDE ORACLE VOLUNTEER COACHES AS THEY ENGAGE IN MULTIDAY CLASSES AT THE INTERSECTION OF DESIGN THINKING, FUTURES THINKING, CODING AND PHYSICAL COMPUTING. USING THESE SKILLS, STUDENTS DEVELOP A PROTOTYPE ADDRESSING DESIGN CHALLENGES IN A VARIETY OF TECHNICAL DOMAINS, SUCH AS EXPERIENTIAL GAME DESIGN, HELLO, CIRCUIT PLAYGROUND!, APP DESIGN, NEURAL NETWORKS, INTERNET OF THINGS, AND 3D DESIGN AND PRODUCTION. IN FY23, ORACLE EDUCATION FOUNDATION HOSTED 14 CLASSES THAT ENGAGED 192 VOLUNTEERS AND 327 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Cassity Secretary/exec. Director | 12 | $0 | |
Safra Catz Board Chair | 1 | $0 | |
Elizabeth Snyder Treasurer (thru 8/31/22) | 1 | $0 | |
Matthew Mayerson Treasurer (starting 9/1/22) | 1 | $0 | |
Mark Atkinson Director | 1 | $0 | |
John Baugh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $1,620 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35 |
| Total Revenue | $351,655 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $521 |
| Printing and publications | $0 |
| Other expenses | $13,358 |
| Total operating and administrative expenses | $39,879 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $314,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,959 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $193,959 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Oracle Education Foundation has awarded $275,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DESIGN TECH HIGH SCHOOL PURPOSE: PROGRAM OPERATIONS (INTERSESSION) | $250,000 |
ANN RICHARDS SCHOOL FOUNDATION PURPOSE: PROGRAM OPERATIONS (INTERSESSION PROGRAM, PROJECT PATHWAYS PROGRAM, AND THE MAKERSPACE) | $25,000 |