Civic Intelligence

Oklahoma Engineering Foundation Inc.

990 • Fiscal year 2019 • EIN 51-0176975

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

220 NE 28th StOklahoma City, OK 73105

(405) 528-1435

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

16th percentile

-10%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$579,491

Down $66,920 (-10%) from 2018

Net Assets

Down

$579,491

Down $65,230 (-10%) from 2018

Liabilities

Down

$0

Down $1,690 (-100%) from 2018

Revenue

Down

$112,564

Down $91,187 (-45%) from 2018

Expenses

Up

$133,975

Up $4,329 (+3.3%) from 2018

Net Income

Down

-$21,411

Down $95,516 (-129%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $678,928Liabilities 2010: $750Net Assets 2010: $678,1782010Assets 2011: $701,302Liabilities 2011: $875Net Assets 2011: $700,4272011Assets 2012: $657,820Liabilities 2012: $4,238Net Assets 2012: $653,5822012Assets 2013: $648,242Liabilities 2013: $3,906Net Assets 2013: $644,3362013Assets 2014: $584,109Liabilities 2014: $907Net Assets 2014: $583,2022014Assets 2015: $551,507Liabilities 2015: $2,618Net Assets 2015: $548,8892015Assets 2016: $575,531Liabilities 2016: $4,089Net Assets 2016: $571,4422016Assets 2017: $570,525Liabilities 2017: $5,501Net Assets 2017: $565,0242017Assets 2018: $646,411Liabilities 2018: $1,690Net Assets 2018: $644,7212018Assets 2019: $579,491Liabilities 2019: $0Net Assets 2019: $579,4912019Assets 2020: $592,801Liabilities 2020: $14,600Net Assets 2020: $578,2012020Assets 2021: $610,590Liabilities 2021: $14,750Net Assets 2021: $595,8402021Assets 2022: $592,919Liabilities 2022: $14,654Net Assets 2022: $578,2652022Assets 2023: $566,832Liabilities 2023: $0Net Assets 2023: $566,8322023Assets 2024: $718,863Liabilities 2024: $0Net Assets 2024: $718,8632024

Highlighted filing

2019

Assets$579,491
Liabilities$0
Net Assets$579,491

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $137,5632010Expenses 2011: $100,3742011Expenses 2012: $150,6842012Revenue 2013: $69,386Expenses 2013: $131,310Net Income 2013: -$61,9242013Revenue 2014: $82,936Expenses 2014: $145,249Net Income 2014: -$62,3132014Revenue 2015: $105,510Expenses 2015: $133,140Net Income 2015: -$27,6302015Revenue 2016: $177,637Expenses 2016: $160,824Net Income 2016: $16,8132016Revenue 2017: $169,847Expenses 2017: $174,783Net Income 2017: -$4,9362017Revenue 2018: $203,751Expenses 2018: $129,646Net Income 2018: $74,1052018Revenue 2019: $112,564Expenses 2019: $133,975Net Income 2019: -$21,4112019Revenue 2020: $101,550Expenses 2020: $102,840Net Income 2020: -$1,2902020Revenue 2021: $103,253Expenses 2021: $85,614Net Income 2021: $17,6392021Revenue 2022: $118,904Expenses 2022: $136,479Net Income 2022: -$17,5752022Revenue 2023: $111,547Expenses 2023: $122,980Net Income 2023: -$11,4332023Revenue 2024: $169,891Expenses 2024: $130,087Net Income 2024: $39,8042024

Highlighted filing

2019

Revenue$112,564
Expenses$133,975
Net Income-$21,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$112,629
Mission and Program Overview

Mission

To further STEM education in Oklahoma and increase the number of engineering professionals living and working in the state.

To increase k-12 stem education opportunities across the state of oklahoma through hands on classroom learning tools, competitive programs that engage science, technology, engineering, and math concepts, teacher professional development trainings, and community events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$314,177$314,758▲ $581
Investments Other Securities$159,644$166,690▲ $7,046
Cash and Non-Interest-Bearing Accounts$172,590$71,447▼ $101,143
Prepaid Expenses and Deferred Charges-$25,360-
Accounts Receivable-$1,236-
Total Assets$646,411$579,491▼ $66,920
Liabilities
Accounts Payable and Accrued Expenses$1,690--
Total Liabilities$1,690$0▼ $1,690
Net Assets / Fund Balance
Net Assets With Donor Restrictions$302,575$302,900▲ $325
Net Assets Without Donor Restrictions$342,146$276,591▼ $65,555
Total Net Assets Fund Balance$644,721$579,491▼ $65,230
Total Liabilities and Net Assets / Fund Balance$646,411$579,491▼ $66,920

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$166,690--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$-298,760--$89,013$-437,659
2018$-163,026--$90,751$-298,760
2017$12,507--$127,248$-163,026
2016$173,302--$109,191$12,507
2015$306,357--$68,161$173,302
Compensation and Service Providers

Board Members and Trustees

NameTitle
Greg Steelhammer PePresident
Jimmy SparksTrustee
Joy KoteyTrustee
Kevin SittonTrustee
Martin BuchananTrustee
Tommy WillisTrustee
Diana BittleSecretary
Michael PenneyTreasurer
Elijah Knight PeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$100,996
Program Service Revenue
$1,955
Investment Income
$9,613
Other Revenue
$0
All Other Contributions
$100,996
Change in Net Assets
$-21,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$70,717
Other Expenses$58,758
Grants and Similar Amounts Paid$4,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,145$23,572-$70,717
Other Expenses$36,945$21,813-$21,813
Grants to Domestic Individuals$4,500--$4,500
Total Functional Expenses$88,590$45,385$0$133,975
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copy of the 990 is provided to the staff by the tax preparer. The oef staff is responsible for monitoring, enforcing and documenting the review process. Once received, the 990 is forwarded to leadership and board of directors of the organization for review. After review period, the 990 is signed and mailed.

Form 990, Page 6, Part VI, Line 19

Available to the public when requested.

Filing and Contact Details

Filer

Filer Name
Oklahoma Engineering Foundation Inc
EIN
51-0176975
Phone
4055281435
Address
220 NE 28TH ST, OKLAHOMA CITY, OK 73105

Signing Officer

Name
Adrianne M Covington Graham
Title
Executive Director
Phone
4055281435
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adrianne M Covington Graham
Formed
1975
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
200

Preparer

Firm
Wilsey Meyer Eatmon Tate Pllc
Address
1900 NW EXPRESSWAY STE 300, OKLAHOMA CITY, OK 73118
Preparer
David L Eatmon
Phone
4058435311
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The oklahoma engineering foundation is an organization of engineers, educators, and industry and community partners committed to furthering stem (science, technology, engineering and math) education in oklahoma, producing stem professionals, and employing them in oklahoma.

Form 990

May 2019 costema received 501c3 status and will file its own form 990 for 2019 reporting the costema grants and expense. The costema checking account was transferred to this entity in 2019.

Form 990, Part III

Page 2, line 4a the oklahoma engineering foundation provides science, technology, engineering, and math (stem) education opportunities to middle and high school students while also encouraging high school seniors to pursue an engineering degree at oklahoma colleges and universities through the oef scholarship program. The oklahoma engineering foundation (oef) hosts and sponsors three programs: mathcounts, engineering fair, and future city and provides scholarship awards each calendar year. Oef hosts 5 regional mathcounts competitions and one state competition and also sponsors the winning team (a total of 4 students, one coach, 2 mathcounts statewide chairs, and one mathcounts statewide coordinator to the national competition). The mathcounts competition series provides 6th through 8th grade students the opportunity to solve high level math problems on an individual and team basis. Oef is working to increase math literacy among all students throughout the state, and mathcounts is one avenue to ensure students have solid math foundation at the middle school level. In addition to increasing math literacy, mathcounts also provides problem solving, communication, and teamwork concepts to each participant. The mathcounts competition series is a national program started by the national society of professional engineers and later developed into its own foundation. With the assistance of competition materials, oef is solely responsible for the competitions within oklahoma. This program gives academic students a chance to demonstrate their math skills and become "mathletes" within the competition series. Each school is allowed one official team of four students and up to six additional individual competitors for their designated regional competition. Students compete in several rounds of mathematic word programs using everyday situations. To determine the individual rankings for the competition, the top 10 students are chosen to compete in a countdown round where students face each other one-on-one to see who can answer the most questions correctly, having 45 seconds per question. The winning teams in the regional competition and the top four individual participants, from a non-winning team, advance to the state competition. The state competition follows the same format as the regional competition with the exception that the top four individual participants (not team) go to the national competition. Additionally, individual mathletes who score well on the written exam and during the countdown round also have a chance to advance to state if there is space to accommodate them at the designated state competition venue. In 2015, oef was able to offer at least two additional high performing students from each region the opportunity to attend the state competition in an effort to provide additional learning opportunities and competition among all advancing mathletes. The annual oef engineering fair introduces students to the world of engineering, project management, innovation, and roboticsall fundamental elements of a science, technology, engineering, and math (stem) education. Historically, through a total of seven unique competitions, students are given the opportunity to build, create, innovate, and engineer projects - putting hands-on experiences within their grasps. Fair contests are: bridge building (building a bridge from toothpicks and glue and load testing it to see how much pressure it can withstand), eiffel tower contest, (building an eiffel tower out of plastic drinking straws), ping pong ball launcher, rubber band powered vehicle, and wacky wonder works (designing and building a complicated multi-step machine to a simple task). Oef hosts and underwrites the entire event, including museum admittance, curriculum, materials, travel reimbursements (if funding allows), and awards. Through the science museum oklahoma admittance provided by oef, students are exposed to the multitude of stem exhibits at the science museum oklahoma, alo

Form 990, Part XI, Line 9

COSTEMA -52,757

Financial Statement Notes

Schedule D, Page 4, Part XIII

Part v, line 4: the intended use of the oklahoma engineering foundation endowment funds is for qualifying scholarship recipients

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART V, LINE 4: THE INTENDED USE OF THE OKLAHOMA ENGINEERING FOUNDATION ENDOWMENT FUNDS IS FOR QUALIFYING SCHOLARSHIP RECIPIENTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OKLAHOMA ENGINEERING FOUNDATION IS AN ORGANIZATION OF ENGINEERS, EDUCATORS, AND INDUSTRY AND COMMUNITY PARTNERS COMMITTED TO FURTHERING STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) EDUCATION IN OKLAHOMA, PRODUCING STEM PROFESSIONALS, AND EMPLOYING THEM IN OKLAHOMA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MAY 2019 COSTEMA RECEIVED 501C3 STATUS AND WILL FILE ITS OWN FORM 990 FOR 2019 REPORTING THE COSTEMA GRANTS AND EXPENSE. THE COSTEMA CHECKING ACCOUNT WAS TRANSFERRED TO THIS ENTITY IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAGE 2, LINE 4A THE OKLAHOMA ENGINEERING FOUNDATION PROVIDES SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) EDUCATION OPPORTUNITIES TO MIDDLE AND HIGH SCHOOL STUDENTS WHILE ALSO ENCOURAGING HIGH SCHOOL SENIORS TO PURSUE AN ENGINEERING DEGREE AT OKLAHOMA COLLEGES AND UNIVERSITIES THROUGH THE OEF SCHOLARSHIP PROGRAM. THE OKLAHOMA ENGINEERING FOUNDATION (OEF) HOSTS AND SPONSORS THREE PROGRAMS: MATHCOUNTS, ENGINEERING FAIR, AND FUTURE CITY AND PROVIDES SCHOLARSHIP AWARDS EACH CALENDAR YEAR. OEF HOSTS 5 REGIONAL MATHCOUNTS COMPETITIONS AND ONE STATE COMPETITION AND ALSO SPONSORS THE WINNING TEAM (A TOTAL OF 4 STUDENTS, ONE COACH, 2 MATHCOUNTS STATEWIDE CHAIRS, AND ONE MATHCOUNTS STATEWIDE COORDINATOR TO THE NATIONAL COMPETITION). THE MATHCOUNTS COMPETITION SERIES PROVIDES 6TH THROUGH 8TH GRADE STUDENTS THE OPPORTUNITY TO SOLVE HIGH LEVEL MATH PROBLEMS ON AN INDIVIDUAL AND TEAM BASIS. OEF IS WORKING TO INCREASE MATH LITERACY AMONG ALL STUDENTS THROUGHOUT THE STATE, AND MATHCOUNTS IS ONE AVENUE TO ENSURE STUDENTS HAVE SOLID MATH FOUNDATION AT THE MIDDLE SCHOOL LEVEL. IN ADDITION TO INCREASING MATH LITERACY, MATHCOUNTS ALSO PROVIDES PROBLEM SOLVING, COMMUNICATION, AND TEAMWORK CONCEPTS TO EACH PARTICIPANT. THE MATHCOUNTS COMPETITION SERIES IS A NATIONAL PROGRAM STARTED BY THE NATIONAL SOCIETY OF PROFESSIONAL ENGINEERS AND LATER DEVELOPED INTO ITS OWN FOUNDATION. WITH THE ASSISTANCE OF COMPETITION MATERIALS, OEF IS SOLELY RESPONSIBLE FOR THE COMPETITIONS WITHIN OKLAHOMA. THIS PROGRAM GIVES ACADEMIC STUDENTS A CHANCE TO DEMONSTRATE THEIR MATH SKILLS AND BECOME "MATHLETES" WITHIN THE COMPETITION SERIES. EACH SCHOOL IS ALLOWED ONE OFFICIAL TEAM OF FOUR STUDENTS AND UP TO SIX ADDITIONAL INDIVIDUAL COMPETITORS FOR THEIR DESIGNATED REGIONAL COMPETITION. STUDENTS COMPETE IN SEVERAL ROUNDS OF MATHEMATIC WORD PROGRAMS USING EVERYDAY SITUATIONS. TO DETERMINE THE INDIVIDUAL RANKINGS FOR THE COMPETITION, THE TOP 10 STUDENTS ARE CHOSEN TO COMPETE IN A COUNTDOWN ROUND WHERE STUDENTS FACE EACH OTHER ONE-ON-ONE TO SEE WHO CAN ANSWER THE MOST QUESTIONS CORRECTLY, HAVING 45 SECONDS PER QUESTION. THE WINNING TEAMS IN THE REGIONAL COMPETITION AND THE TOP FOUR INDIVIDUAL PARTICIPANTS, FROM A NON-WINNING TEAM, ADVANCE TO THE STATE COMPETITION. THE STATE COMPETITION FOLLOWS THE SAME FORMAT AS THE REGIONAL COMPETITION WITH THE EXCEPTION THAT THE TOP FOUR INDIVIDUAL PARTICIPANTS (NOT TEAM) GO TO THE NATIONAL COMPETITION. ADDITIONALLY, INDIVIDUAL MATHLETES WHO SCORE WELL ON THE WRITTEN EXAM AND DURING THE COUNTDOWN ROUND ALSO HAVE A CHANCE TO ADVANCE TO STATE IF THERE IS SPACE TO ACCOMMODATE THEM AT THE DESIGNATED STATE COMPETITION VENUE. IN 2015, OEF WAS ABLE TO OFFER AT LEAST TWO ADDITIONAL HIGH PERFORMING STUDENTS FROM EACH REGION THE OPPORTUNITY TO ATTEND THE STATE COMPETITION IN AN EFFORT TO PROVIDE ADDITIONAL LEARNING OPPORTUNITIES AND COMPETITION AMONG ALL ADVANCING MATHLETES. THE ANNUAL OEF ENGINEERING FAIR INTRODUCES STUDENTS TO THE WORLD OF ENGINEERING, PROJECT MANAGEMENT, INNOVATION, AND ROBOTICSALL FUNDAMENTAL ELEMENTS OF A SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) EDUCATION. HISTORICALLY, THROUGH A TOTAL OF SEVEN UNIQUE COMPETITIONS, STUDENTS ARE GIVEN THE OPPORTUNITY TO BUILD, CREATE, INNOVATE, AND ENGINEER PROJECTS - PUTTING HANDS-ON EXPERIENCES WITHIN THEIR GRASPS. FAIR CONTESTS ARE: BRIDGE BUILDING (BUILDING A BRIDGE FROM TOOTHPICKS AND GLUE AND LOAD TESTING IT TO SEE HOW MUCH PRESSURE IT CAN WITHSTAND), EIFFEL TOWER CONTEST, (BUILDING AN EIFFEL TOWER OUT OF PLASTIC DRINKING STRAWS), PING PONG BALL LAUNCHER, RUBBER BAND POWERED VEHICLE, AND WACKY WONDER WORKS (DESIGNING AND BUILDING A COMPLICATED MULTI-STEP MACHINE TO A SIMPLE TASK). OEF HOSTS AND UNDERWRITES THE ENTIRE EVENT, INCLUDING MUSEUM ADMITTANCE, CURRICULUM, MATERIALS, TRAVEL REIMBURSEMENTS (IF FUNDING ALLOWS), AND AWARDS. THROUGH THE SCIENCE MUSEUM OKLAHOMA ADMITTANCE PROVIDED BY OEF, STUDENTS ARE EXPOSED TO THE MULTITUDE OF STEM EXHIBITS AT THE SCIENCE MUSEUM OKLAHOMA, ALO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPY OF THE 990 IS PROVIDED TO THE STAFF BY THE TAX PREPARER. THE OEF STAFF IS RESPONSIBLE FOR MONITORING, ENFORCING AND DOCUMENTING THE REVIEW PROCESS. ONCE RECEIVED, THE 990 IS FORWARDED TO LEADERSHIP AND BOARD OF DIRECTORS OF THE ORGANIZATION FOR REVIEW. AFTER REVIEW PERIOD, THE 990 IS SIGNED AND MAILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE TO THE PUBLIC WHEN REQUESTED.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.19$0.00$7.19$1.70$1.30$0.40
2023Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$1.12$1.23$0.11
2022Detailed filing. Detailed filing data is available for this year.$5.93$0.15$5.78$1.19$1.36$0.18
2021Detailed filing. Detailed filing data is available for this year.$6.11$0.15$5.96$1.03$0.86$0.18
2020Detailed filing. Detailed filing data is available for this year.$5.93$0.15$5.78$1.02$1.03$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.79$0.00$5.79$1.13$1.34$0.21
2018Summary only. Only limited summary data is available for this year.$6.46$0.02$6.45$2.04$1.30$0.74
2017Summary only. Only limited summary data is available for this year.$5.71$0.06$5.65$1.70$1.75$0.05
2016Summary only. Only limited summary data is available for this year.$5.76$0.04$5.71$1.78$1.61$0.17
2015Summary only. Only limited summary data is available for this year.$5.52$0.03$5.49$1.06$1.33$0.28
2014Summary only. Only limited summary data is available for this year.$5.84$0.01$5.83$0.83$1.45$0.62
2013Detailed filing. Detailed filing data is available for this year.$6.48$0.04$6.44$0.69$1.31$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$0.04$6.54$1.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$0.01$7.00$1.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$0.01$6.78$1.38