Civic Intelligence

Oklahoma Foundation for Excellence

990 • Fiscal year 2017 • EIN 73-1260595

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

101 Park Avenue Suite 420Oklahoma 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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

14th percentile

-16%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

52nd percentile

4.6%

Faster asset growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$7,420,726

Up $325,355 (+4.6%) from 2016

Net Assets

Up

$7,417,448

Up $359,823 (+5.1%) from 2016

Liabilities

Down

$3,278

Down $34,468 (-91%) from 2016

Revenue

Down

$859,869

Down $1,038,159 (-55%) from 2016

Expenses

Up

$994,343

Up $16,534 (+1.7%) from 2016

Net Income

Down

-$134,474

Down $1,054,693 (-115%) from 2016

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

2017

Assets$7,420,726
Liabilities$3,278
Net Assets$7,417,448

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

2017

Revenue$859,869
Expenses$994,343
Net Income-$134,474
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$3,906,156
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$6,569,201$6,912,496▲ $343,295
Savings and Temporary Cash Investments$310,671$282,166▼ $28,505
Prepaid Expenses and Deferred Charges$10,372$9,586▼ $786
Land, Buildings, and Equipment, Net$3,629$6,289▲ $2,660
Pledges and Grants Receivable$6,225$6,010▼ $215
Total Assets$7,095,371$7,420,726▲ $325,355
Other Assets Total$195,273$204,179▲ $8,906
Liabilities
Escrow Account Liability$35,529--
Accounts Payable and Accrued Expenses$2,217$3,278▲ $1,061
Total Liabilities$37,746$3,278▼ $34,468
Net Assets / Fund Balance
Unrestricted Net Assets$6,166,854$6,485,294▲ $318,440
Permanently Rstr Net Assets$745,860$745,860→ $0
Temporarily Rstr Net Assets$144,911$186,294▲ $41,383
Total Net Assets Fund Balance$7,057,625$7,417,448▲ $359,823
Total Liabilities and Net Assets / Fund Balance$7,095,371$7,420,726▲ $325,355

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,289$31,800$38,089

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,611,406-▲ $689,513$340,429$6,960,490
2015$6,935,253-▼ $79,816$244,031$6,611,406
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
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$569,245
Program Service Revenue
$57,484
Investment Income
$229,780
Other Revenue
$3,360
All Other Contributions
$569,245
Change in Net Assets
$-134,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$829,046
Revenue Not Reported on Financial Statements
$30,823
Revenue Not Reported on Form 990
$518,953
Total Revenue per Audited Statements
$1,347,999
Total Revenue per Form 990
$859,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$380,151
Other Expenses$372,634
Grants and Similar Amounts Paid$241,558
Total Fundraising Expense$44,919
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$238,558--$238,558
Other Salaries and Wages$78,123$144,948$0$223,071
Conferences and Meetings$182,235$12,368$0$194,603
Current Officers, Directors, Trustees, and Key Employees$0$99,664$0$99,664
Occupancy$0$35,359$0$35,359
Office Expenses$14,952$17,790$2,321$35,063
Fees for Service Investment Mgmnt Fees$0$30,823$0$30,823
Payroll Taxes$0$25,808$0$25,808
Other Employee Benefits$0$24,916$0$24,916
All Other Expenses$87,618$-74,747$9,582$22,453
Fees for Services Accounting$0$15,916$0$15,916
Travel$14,972$379$160$15,511
Advertising$5,444$1,028$2,783$9,255
Information Technology$0$7,995$0$7,995
Pension Plan Contributions$0$6,692$0$6,692
Insurance$0$3,955$0$3,955
Grants to Domestic Orgs$3,000--$3,000
Depreciation Depletion$0$1,701$0$1,701
Other Expenses$20,502$-22,617$2,115$0
Total Functional Expenses$838,351$111,073$44,919$994,343

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$994,343
Total Expenses per Audited Statements$988,175
Expenses per Audited Statements$963,520
Expenses Not Reported on Financial Statements$30,823
Expenses Not Reported on Form 990$24,655
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 SUITE 420, OKLAHOMA CITY, OK 73102-7201

Signing Officer

Name
Emily Stratton
Title
Executive Director
Phone
4052360006
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Stratton
Formed
1996
Legal Domicile
Ok
Voting Board Members
179
Independent Board Members
179
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 and Molly Tolbert and the spouse of board member 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 spouse of board member Barbara D. Sturdivant have a business 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 2

Board member David L. Boren and board members Anil V. Gollahalli and Joseph Harroz Jr. have a business relationship.

Pt VI, Line 2

Board members Nance Diamond and John A. Gaberino Jr. have a family relationship.

Pt VI, Line 2

Board members Steve Burrage and Sean Burrage have a family relationship.

Pt VI, Line 2

Board members Robyn Miller and Ken Miller 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 and approval.

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 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 28549. 0. 850.

Form 990, Part III, Line 4D

LOCAL EDUCATION FOUNDATIONS - Meetings and resources to assist 83071. 3000. 7055.

Form 990, Part IX, Line 24E

Allocation-Occupancy expense 0. 27331. -31235. 3904.

Form 990, Part IX, Line 24E

Allocation-Office expense 0. 10700. -12232. 1532.

Form 990, Part IX, Line 24E

Allocation-Info tech expense 0. 6058. -6924. 866.

Form 990, Part IX, Line 24E

Allocation-Depreciation 0. 1310. -1497. 187.

Form 990, Part IX, Line 24E

Allocation-Adv/Promo 0. 0. -513. 513.

Form 990, Part IX, Line 24E

Allocation-Payroll taxes 0. 21236. -23426. 2190.

Form 990, Part IX, Line 24E

Miscellaneous 22453. 20983. 1080. 390.

Financial Statement Notes

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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0TEACHER GRANT INITIATIVE - PROVIDED GRANTS TO TEACHERS FOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES. FIFTY-NINE GRANTS WERE MADE UNDER THIS PROGRAM DURING THE PERIOD. ALSO, THE ORGANIZATION HAS PARTNERED WITH THE TULSA COMMUNITY FOUNDATION TO ASSIST IN BRINGING THE NATIONAL FUND FOR TEACHERS PROGRAM TO OKLAHOMA. THIS PROGRAM PROVIDES FUNDING FOR TEACHERS TO PARTICIPATE IN SELF-DESIGNED SUMMER LEARNING ACTIVITIES, AND THE ORGANIZATION PROVIDES ADMINISTRATIVE SUPPORT FOR ITS OKLAHOMA ACTIVITIES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MENTORING PROGRAM-PROMOTES THE GROWTH AND ESTABLISHMENT OF SCHOOL-BASED MENTORING PROGRAMS IN OKLAHOMA.
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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
IRS990/ProgSrvcAccomActyOtherGrp/Desc1LOCAL EDUCATION FOUNDATIONS - Meetings and resources to assist in the development and maintenance of educational foundations in the development and maintenance of educational foundations in the development and maintenance of educational foundations
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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