Civic Intelligence

Oklahoma Engineering Foundation Inc.

990 • Fiscal year 2021 • EIN 51-0176975

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 02, 2022

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

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.14x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

57th percentile

17%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

37th percentile

3.0%

Faster asset growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

1.7%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$610,590

Up $17,789 (+3.0%) from 2020

Net Assets

Up

$595,840

Up $17,639 (+3.1%) from 2020

Liabilities

Up

$14,750

Up $150 (+1.0%) from 2020

Revenue

Up

$103,253

Up $1,703 (+1.7%) from 2020

Expenses

Down

$85,614

Down $17,226 (-17%) from 2020

Net Income

Up

$17,639

Up $18,929 (+1467%) from 2020

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

2021

Assets$610,590
Liabilities$14,750
Net Assets$595,840

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

2021

Revenue$103,253
Expenses$85,614
Net Income$17,639
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 2, 2022
Return Version
2021v4.0
Gross Receipts
$103,434
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$302,900$303,327▲ $427
Investments Other Securities$172,311$185,801▲ $13,490
Cash and Non-Interest-Bearing Accounts$89,040$105,377▲ $16,337
Accounts Receivable$14,053$16,085▲ $2,032
Prepaid Expenses and Deferred Charges$14,497--
Total Assets$592,801$610,590▲ $17,789
Liabilities
Other Liabilities$14,600$14,750▲ $150
Total Liabilities$14,600$14,750▲ $150
Net Assets / Fund Balance
Net Assets With Donor Restrictions$302,900$302,900→ $0
Net Assets Without Donor Restrictions$275,301$292,940▲ $17,639
Total Net Assets Fund Balance$578,201$595,840▲ $17,639
Total Liabilities and Net Assets / Fund Balance$592,801$610,590▲ $17,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$185,801--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$-563,406--$56,117$-667,672
2020$-437,659--$78,157$-563,406
2019$-298,760--$89,013$-437,659
2018$-163,026--$90,751$-298,760
2017$12,507--$127,248$-163,026
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jimmy SparksPresident
Alex MarksTrustee
Joy KoteyTrustee
Kevin SittonTrustee
Khaaliq SalimTrustee
Martin BuchananTrustee
Morgan HagerTrustee
Paul GreenTrustee
Tommy WillisTrustee
Greg Steelhammer PeImmediate Pa
Michael PenneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,807
Program Service Revenue
$1,555
Investment Income
$14,891
Other Revenue
$0
All Other Contributions
$86,807
Change in Net Assets
$17,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$70,311
Other Expenses$12,303
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,874$23,437-$70,311
Grants to Domestic Individuals$3,000--$3,000
Other Expenses$-14,192$-4,731-$-18,923
Total Functional Expenses$44,925$40,689$0$85,614
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan Proceeds$14,600
Payroll Liabilities$150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
2022-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adrianne M Covington Graham
Formed
1975
Legal Domicile
Ok
Voting Board Members
11
Independent Board Members
11
Employees
1
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, 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

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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/ExplanationTxt1PAGE 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/ExplanationTxt2COPY 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/ExplanationTxt3AVAILABLE TO THE PUBLIC WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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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