Civic Intelligence

Oklahoma Foundation for Excellence

990 • Fiscal year 2015 • EIN 73-1260595

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 18, 2015

101 Park AvenueOklahoma City, OK 73102-7201

(405) 236-0006

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

56th percentile

4.4%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

14%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,505,655

Down $35,774 (-0.5%) from 2014

Net Assets

Down

$7,459,327

Down $59,233 (-0.8%) from 2014

Liabilities

Up

$46,328

Up $23,459 (+103%) from 2014

Revenue

Up

$984,404

Up $118,728 (+14%) from 2014

Expenses

Down

$940,857

Down $30,524 (-3.1%) from 2014

Net Income

Up

$43,547

Up $149,252 (+141%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $5,610,691Liabilities 2010: $617Net Assets 2010: $5,610,0742010Assets 2011: $6,411,760Liabilities 2011: $15,567Net Assets 2011: $6,396,1932011Assets 2012: $6,209,414Liabilities 2012: $10,691Net Assets 2012: $6,198,7232012Assets 2013: $6,784,064Liabilities 2013: $19,188Net Assets 2013: $6,764,8762013Assets 2014: $7,541,429Liabilities 2014: $22,869Net Assets 2014: $7,518,5602014Assets 2015: $7,505,655Liabilities 2015: $46,328Net Assets 2015: $7,459,3272015Assets 2016: $7,095,371Liabilities 2016: $37,746Net Assets 2016: $7,057,6252016Assets 2017: $7,420,726Liabilities 2017: $3,278Net Assets 2017: $7,417,4482017Assets 2018: $7,598,253Liabilities 2018: $2,100Net Assets 2018: $7,596,1532018Assets 2019: $7,810,182Liabilities 2019: $7,894Net Assets 2019: $7,802,2882019Assets 2020: $7,953,372Liabilities 2020: $66,518Net Assets 2020: $7,886,8542020Assets 2021: $9,711,112Liabilities 2021: $71,863Net Assets 2021: $9,639,2492021Assets 2022: $8,286,945Liabilities 2022: $1,990Net Assets 2022: $8,284,9552022Assets 2023: $8,657,333Liabilities 2023: $15,209Net Assets 2023: $8,642,1242023Assets 2024: $9,487,077Liabilities 2024: $173,883Net Assets 2024: $9,313,1942024Assets 2025: $10,047,079Liabilities 2025: $131,079Net Assets 2025: $9,916,0002025

Highlighted filing

2015

Assets$7,505,655
Liabilities$46,328
Net Assets$7,459,327

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $850,4172010Expenses 2011: $815,0992011Expenses 2012: $872,1352012Expenses 2013: $907,9072013Revenue 2014: $865,676Expenses 2014: $971,381Net Income 2014: -$105,7052014Revenue 2015: $984,404Expenses 2015: $940,857Net Income 2015: $43,5472015Revenue 2016: $1,898,028Expenses 2016: $977,809Net Income 2016: $920,2192016Revenue 2017: $859,869Expenses 2017: $994,343Net Income 2017: -$134,4742017Revenue 2018: $958,243Expenses 2018: $1,076,613Net Income 2018: -$118,3702018Revenue 2019: $1,993,541Expenses 2019: $1,026,958Net Income 2019: $966,5832019Revenue 2020: $852,970Expenses 2020: $883,693Net Income 2020: -$30,7232020Revenue 2021: $1,099,032Expenses 2021: $895,478Net Income 2021: $203,5542021Revenue 2022: $982,350Expenses 2022: $975,164Net Income 2022: $7,1862022Revenue 2023: $935,669Expenses 2023: $915,154Net Income 2023: $20,5152023Revenue 2024: $1,718,456Expenses 2024: $985,934Net Income 2024: $732,5222024Revenue 2025: $1,205,990Expenses 2025: $1,010,112Net Income 2025: $195,8782025

Highlighted filing

2015

Revenue$984,404
Expenses$940,857
Net Income$43,547
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 18, 2015
Return Version
2014v6.0
Gross Receipts
$2,697,159
Mission and Program Overview

Mission

The mission of the foundation is to encourage and recognize academic excellence in oklahoma's public schools. In accordance with this mission, the foundation is created to recognize and encourage excellence in teaching and scholarship in the state of oklahoma, to nurture and support a favorable climate in the state of oklahoma for the teaching profession and for the attainment of excellence by students, and to foster and encourage the development of local school foundations in oklahoma communities.

To recognize and encourage excellence in teaching and scholarship in the State of Oklahoma, to nurture and support a favorable climate for the teaching profession and for the attainment of excellence by students, and to encourage the development of similar groups in Oklahoma communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,966,232$6,899,120▼ $67,112
Savings and Temporary Cash Investments$272,598$375,329▲ $102,731
Prepaid Expenses and Deferred Charges$8,711$11,921▲ $3,210
Pledges and Grants Receivable$70,269$7,375▼ $62,894
Land, Buildings, and Equipment, Net$5,078$2,485▼ $2,593
Total Assets$7,541,429$7,505,655▼ $35,774
Other Assets Total$218,541$209,425▼ $9,116
Liabilities
Escrow Account Liability$22,391$45,794▲ $23,403
Accounts Payable and Accrued Expenses$478$534▲ $56
Total Liabilities$22,869$46,328▲ $23,459
Net Assets / Fund Balance
Unrestricted Net Assets$6,599,730$6,590,309▼ $9,421
Permanently Rstr Net Assets$745,860$745,860→ $0
Temporarily Rstr Net Assets$172,970$123,158▼ $49,812
Total Net Assets Fund Balance$7,518,560$7,459,327▼ $59,233
Total Liabilities and Net Assets / Fund Balance$7,541,429$7,505,655▼ $35,774

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,485$35,848$38,333

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$6,955,309-▲ $223,832$243,888$6,935,253
2013$6,226,792-▲ $995,857$267,340$6,955,309
2012$5,787,807$34,000▲ $702,001$297,016$6,226,792
2011$5,949,156$38,000▲ $31,864$231,213$5,787,807
2010$5,185,595-▲ $982,107$218,546$5,949,156
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$569,090
Program Service Revenue
$59,105
Investment Income
$353,007
Other Revenue
$3,202
All Other Contributions
$569,090
Change in Net Assets
$43,547

Audited Revenue Reconciliation

Revenue per Audited Statements
$953,083
Revenue Not Reported on Financial Statements
$31,321
Revenue Not Reported on Form 990
$-73,617
Total Revenue per Audited Statements
$879,466
Total Revenue per Form 990
$984,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$360,178
Other Expenses$340,183
Grants and Similar Amounts Paid$240,496
Total Fundraising Expense$47,512
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$232,496--$232,496
Other Salaries and Wages$76,228$134,164$0$210,392
Conferences and Meetings$170,021$9,227$0$179,248
Current Officers, Directors, Trustees, and Key Employees$0$93,770$0$93,770
Office Expenses$16,621$17,364$5,801$39,786
Fees for Service Investment Mgmnt Fees$0$31,321$0$31,321
Occupancy$90$25,823$0$25,913
Other Employee Benefits$0$25,233$0$25,233
Payroll Taxes$0$24,531$0$24,531
Travel$15,116$269$165$15,550
Fees for Services Accounting$0$14,966$0$14,966
All Other Expenses$66,799$-64,497$8,226$10,528
Advertising$2,623$738$5,111$8,472
Grants to Domestic Orgs$8,000--$8,000
Information Technology$0$7,602$0$7,602
Pension Plan Contributions$0$6,252$0$6,252
Insurance$0$3,678$0$3,678
Depreciation Depletion$0$3,119$0$3,119
Other Expenses$20,610$-22,731$2,121$0
Total Functional Expenses$785,914$107,431$47,512$940,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$940,857
Total Expenses per Audited Statements$938,699
Expenses per Audited Statements$909,536
Expenses Not Reported on Financial Statements$31,321
Expenses Not Reported on Form 990$29,163
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
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Oklahoma Foundation for Excellence
EIN
73-1260595
Phone
4052360006
Address
101 PARK AVENUE, OKLAHOMA CITY, OK 73102-7201

Signing Officer

Name
Emily Stratton
Title
Executive Director
Phone
4052360006
Signed
2015-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Stratton
Formed
1996
Legal Domicile
Ok
Voting Board Members
186
Independent Board Members
186
Employees
6
Volunteers
270

Preparer

Firm
Celinda K Olszewski CPA LLC
Address
116 Rock Bridge Drive, Windsor, CO 80550
Preparer
Celinda K Olszewski
Phone
9706741099
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Board members Teresa B. Adwan and Liz Robertson have a family relationship.

Pt VI, Line 2

Board members Zachary W. Allen, Michael J. Gibbens, Molly Tolbert and N. Georgeann Roye and the spouses of board members Aloah B. Kincaid and Beth E. Snapp have a business relationship.

Pt VI, Line 2

Board member Mike Blake and the spouse of board member Linda R. Rodgers have a business relationship.

Pt VI, Line 2

Board members David L. and Molly Shi Boren have a family relationship.

Pt VI, Line 2

Board members Beverly R. Carter and Chip Carter have a family relationship.

Pt VI, Line 2

Board members Janet Drummond and Vanessa Drummond have a famly relationship.

Pt VI, Line 2

Board member John A. Gaberino Jr. and the spouses of board members Barbara D. Sturdivant and Linda Edmondson have a business relationship.

Pt VI, Line 2

Board members Rik Helmerich and Erika Massey have a family relationship.

Pt VI, Line 2

Board members Deanne Dutton Hughes and Denise Dutton have a family relationship.

Pt VI, Line 2

Board members Dow R. Hughes and Deanne Dutton Hughes have a family relationship.

Pt VI, Line 2

Board members William E. Lobeck and Kathy Taylor have a family relationship.

Pt VI, Line 2

Board members Mary Frances Michaelis and Barbara M. Braught have a family relationship.

Pt VI, Line 2

Board members Liz Robertson and Lisa Robertson have a family relationship.

Pt VI, Line 2

Board members Linda R. Rodgers and Sue Ann Rodgers have a family relationship.

Pt VI, Line 2

Board members D. Craig Story and Marion J. Story have a family relationship.

Pt VI, Line 11B

Form 990 is previewed by the Treasurer and any questions discussed with our outside accounting firm. It is then presented by the Treasurer to the Management Committee for their review.

Pt VI, Line 12C

We send our Conflict-of-Interest Policy to our new trustees each year, to new Selection Committee members and include in our board member packets at our Annual Meeting. In addition, the policy is acknowledged and accepted by our volunteers.

Pt VI, Line 15A

As part of the Management Committee's annual meeting that includes approval of the budget for the new year, the meeting includes a discussion, without the presence of the executive director or any staff member, to evaluate staff performance per set guidelines and goals as well as associated compensation.

Pt VI, Line 19

Our By-Laws, Whistleblower Policy, Conflict-of-Interest Policy and current financial statements, including the external auditors' opinion, are posted on our website under OFE Governance.

Form 990, Part III, Line 4D

Colonial williamsburg-coordinates program to send 26089. 0. 950. Of school-based mentoring programs in oklahoma. 82083. 0. 0.

Form 990, Part IX, Line 24F

Allocation-occupancy expense 0. 20324. -23266. 2942. Allocation-office expense 0. 10381. -11883. 1502. Allocation-info tech expense 0. 5028. -5756. 728. Allocation-depreciation 0. 2371. -2714. 343. Allocation-adv/promo 0. 0. -324. 324. Allocation-payroll taxes 0. 20037. -22099. 2062. Miscellaneous 10528. 8658. 1545. 325.

Financial Statement Notes

Pt IV, Line 2B

The Foundation acted as intermediary for funds to facilitate teachers' participation in specific continuing education opportunities.

Pt V, Line 4

All of the board-designated and approximately 20% of the permanent endowment are for use in the Foundation's Awards programs. About 60% of the permanent endowment is for use in the Foundation's mentoring program, with the remaining 20% of the permanent endowment restricted for teacher grants and general operating purposes.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0COLONIAL WILLIAMSBURG-coordinates program to send social studies teachers to historic Colonial Williamsburg social studies teachers to historic Colonial Williamsburg social studies teachers to historic Colonial Williamsburg social studies teachers to historic Colonial Williamsburg social studies teachers to historic Colonial Williamsburg
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.0$0.13$9.92$1.21$1.01$0.20
2024Detailed filing. Detailed filing data is available for this year.$9.49$0.17$9.31$1.72$0.99$0.73
2023Detailed filing. Detailed filing data is available for this year.$8.66$0.02$8.64$0.94$0.92$0.02
2022Detailed filing. Detailed filing data is available for this year.$8.29$0.00$8.28$0.98$0.98$0.01
2021Detailed filing. Detailed filing data is available for this year.$9.71$0.07$9.64$1.10$0.90$0.20
2020Detailed filing. Detailed filing data is available for this year.$7.95$0.07$7.89$0.85$0.88$0.03
2019Detailed filing. Detailed filing data is available for this year.$7.81$0.01$7.80$1.99$1.03$0.97
2018Detailed filing. Detailed filing data is available for this year.$7.60$0.00$7.60$0.96$1.08$0.12
2017Detailed filing. Detailed filing data is available for this year.$7.42$0.00$7.42$0.86$0.99$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.10$0.04$7.06$1.90$0.98$0.92
2015Detailed filing. Detailed filing data is available for this year.$7.51$0.05$7.46$0.98$0.94$0.04
2014Detailed filing. Detailed filing data is available for this year.$7.54$0.02$7.52$0.87$0.97$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.78$0.02$6.76$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.21$0.01$6.20$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.41$0.02$6.40$0.82
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$0.00$5.61$0.85