Civic Intelligence

Oklahoma School of Science and Mathematics Foundation

990 • Fiscal year 2017 • EIN 73-1401430

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 08, 2018

1141 N Lincoln BlvdOklahoma City, OK 73104

(405) 522-7804

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

13th percentile

0.03x

Higher debt load relative to revenue than 13% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

13th percentile

$30,000

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-16%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$11,604,321

Up $1,605,841 (+16%) from 2016

Net Assets

Up

$11,562,542

Up $1,573,814 (+16%) from 2016

Liabilities

Up

$41,779

Up $32,027 (+328%) from 2016

Revenue

Down

$1,287,306

Down $253,912 (-16%) from 2016

Expenses

Up

$885,857

Up $75,004 (+9.3%) from 2016

Net Income

Down

$401,449

Down $328,916 (-45%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $11,247,366Liabilities 2010: $200Net Assets 2010: $11,247,1662010Assets 2011: $8,083,448Liabilities 2011: $200Net Assets 2011: $8,083,2482011Assets 2012: $8,581,622Liabilities 2012: $25Net Assets 2012: $8,581,5972012Assets 2013: $9,442,328Liabilities 2013: $50Net Assets 2013: $9,442,2782013Assets 2014: $8,991,672Liabilities 2014: $0Net Assets 2014: $8,991,6722014Assets 2015: $9,059,016Liabilities 2015: $16,976Net Assets 2015: $9,042,0402015Assets 2016: $9,998,480Liabilities 2016: $9,752Net Assets 2016: $9,988,7282016Assets 2017: $11,604,321Liabilities 2017: $41,779Net Assets 2017: $11,562,5422017Assets 2018: $11,274,344Liabilities 2018: $4,020Net Assets 2018: $11,270,3242018Assets 2019: $13,474,755Liabilities 2019: $7,751Net Assets 2019: $13,467,0042019Assets 2020: $15,099,584Liabilities 2020: $6,250Net Assets 2020: $15,093,3342020Assets 2021: $17,450,316Liabilities 2021: $0Net Assets 2021: $17,450,3162021Assets 2022: $14,933,657Liabilities 2022: $521Net Assets 2022: $14,933,1362022Assets 2023: $16,960,381Liabilities 2023: $521Net Assets 2023: $16,959,8602023Assets 2024: $18,362,984Liabilities 2024: $521Net Assets 2024: $18,362,4632024

Highlighted filing

2017

Assets$11,604,321
Liabilities$41,779
Net Assets$11,562,542

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,129,0532010Expenses 2011: $3,890,9232011Expenses 2012: $1,292,5422012Revenue 2013: $1,824,737Expenses 2013: $1,270,003Net Income 2013: $554,7342013Revenue 2014: $1,166,524Expenses 2014: $1,607,072Net Income 2014: -$440,5482014Revenue 2015: $1,347,705Expenses 2015: $884,568Net Income 2015: $463,1372015Revenue 2016: $1,541,218Expenses 2016: $810,853Net Income 2016: $730,3652016Revenue 2017: $1,287,306Expenses 2017: $885,857Net Income 2017: $401,4492017Revenue 2018: $1,498,657Expenses 2018: $845,632Net Income 2018: $653,0252018Revenue 2019: $1,399,255Expenses 2019: $856,574Net Income 2019: $542,6812019Revenue 2020: $1,009,600Expenses 2020: $722,106Net Income 2020: $287,4942020Revenue 2021: $1,285,825Expenses 2021: $722,696Net Income 2021: $563,1292021Revenue 2022: $1,195,232Expenses 2022: $941,264Net Income 2022: $253,9682022Revenue 2023: $1,480,439Expenses 2023: $854,685Net Income 2023: $625,7542023Revenue 2024: $1,970,355Expenses 2024: $651,084Net Income 2024: $1,319,2712024

Highlighted filing

2017

Revenue$1,287,306
Expenses$885,857
Net Income$401,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 8, 2018
Return Version
2017v2.3
Gross Receipts
$1,890,760
Mission and Program Overview

Mission

The mission of the oklahoma school of science and mathematics foundation is to foster excellence in k-12 science and mathematics education throughout oklahoma by supporting the school's outreach projects, programs, development, students, staff and faculty.

The purposes of the foundation are to support and foster the oklahoma school of science and mathematics in its goals and purposes of furthering the educational development of oklahoma students who are academically talented in science and mathematics and show promise of exceptional development through participation in a residential education setting emphasizing instruction in the fields of science and mathematics; developing, evaluating and disseminating instructional programs; and serving all schools and students of the state through scholarships, grants, research, outreach activities, and teacher training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,118,353$10,652,861▲ $1,534,508
Savings and Temporary Cash Investments$327,263$354,924▲ $27,661
Investments Other Securities$317,476$354,732▲ $37,256
Pledges and Grants Receivable$111,900$156,391▲ $44,491
Land, Buildings, and Equipment, Net$123,398$85,323▼ $38,075
Cash and Non-Interest-Bearing Accounts$90$90→ $0
Total Assets$9,998,480$11,604,321▲ $1,605,841
Liabilities
Accounts Payable and Accrued Expenses$9,752$41,779▲ $32,027
Total Liabilities$9,752$41,779▲ $32,027
Net Assets / Fund Balance
Permanently Rstr Net Assets$5,573,846$5,836,571▲ $262,725
Temporarily Rstr Net Assets$3,404,504$4,654,375▲ $1,249,871
Unrestricted Net Assets$1,010,378$1,071,596▲ $61,218
Total Net Assets Fund Balance$9,988,728$11,562,542▲ $1,573,814
Total Liabilities and Net Assets / Fund Balance$9,998,480$11,604,321▲ $1,605,841

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$85,323$743,817$829,140

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$8,098,216$225,468▲ $1,116,339-$9,466,676
2016$7,248,625$319,636▲ $507,098-$8,098,216
2015$7,163,207$201,195▼ $137,700-$7,248,625
2014$6,712,634$160,931▲ $309,905-$7,163,207
2013$5,980,943$94,436▲ $657,295-$6,712,634
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,008,582
Program Service Revenue
$0
Investment Income
$278,724
Other Revenue
$0
All Other Contributions
$1,008,582
Change in Net Assets
$401,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,250,533
Revenue Not Reported on Financial Statements
$36,773
Revenue Not Reported on Form 990
$1,172,365
Total Revenue per Audited Statements
$2,422,898
Total Revenue per Form 990
$1,287,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$853,562
Salaries, Compensation, and Employee Benefits$32,295
Total Fundraising Expense$23,377
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$54,822$25,447$7,779$88,048
Depreciation Depletion$43,869--$43,869
Fees for Services Other$11,255$17,728$5,910$34,893
Fees for Service Investment Mgmnt Fees$30,897$3,357-$34,254
Information Technology$30,000$779-$30,779
Other Salaries and Wages$15,000$6,000$9,000$30,000
Fees for Services Accounting-$25,886-$25,886
Other Expenses$22,021$3,792-$25,813
Travel$9,781$300-$10,081
Advertising$5,165$1,035-$6,200
Insurance-$5,499-$5,499
Conferences and Meetings$2,780$744-$3,524
Payroll Taxes$1,148$459$688$2,295
Office Expenses-$905-$905
Total Functional Expenses$770,549$91,931$23,377$885,857

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$885,857
Expenses per Audited Statements$849,084
Total Expenses per Audited Statements$849,084
Expenses Not Reported on Financial Statements$36,773
Expenses Not Reported on Form 990$0
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
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
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, Part VI, Section B, Line 11B

The treasurer reviews the form 990 with the president and signs the form. A copy is then made available to the board upon their request.

Form 990, Part VI, Section B, Line 12C

Each board member completes a "board member conflict disclosure form" upon appointment to the board. Reminders regarding conflicts of interest are given annually to the board and forms are updated throughout board appointments as needed. When the board is to decide upon an issue about which a member has a conflict of interest, the member shall disclose the conflict to the board, and recuse himself/herself from any deliberations and/or vote on such issue.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request through the main office.

Filing and Contact Details

Filer

Filer Name
Oklahoma School of Science and
EIN
73-1401430
Phone
4055227804
Address
1141 N LINCOLN BLVD, OKLAHOMA CITY, OK 73104

Signing Officer

Name
Mark Lester
Title
Treasurer
Phone
4055227804
Signed
2018-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Lester
Formed
1992
Legal Domicile
Ok
Voting Board Members
46
Independent Board Members
46
Employees
1
Volunteers
0

Preparer

Firm
Engelbach Roberts & Co Pllc
Address
4000 CLASSEN CTR STE 100C, OKLAHOMA CITY, OK 73118
Preparer
Dennis D Galyon
Phone
4055284000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process of approving the audit has not changed

Financial Statement Notes

PART V, LINE 4:

The endowment funds are used to provide support for the foundation's programs, including salary support for the teachers of the school above what is paid by the state of oklahoma.

PART X, LINE 2:

The foundation evaluates and accounts for their uncertain tax positions, if any, in accordance with u.s. Generally accepted accounting principles, including the foundation's tax position as a tax-exempt not-for-profit entity. Through the foundation's evaluation of its uncertain tax positions, management has determined no uncertain tax positions exist as of december 31, 2017 and 2016, which would require the foundation to record a liability in its financial statements. The foundation's exempt returns for the years ended before december 31, 2014, are no longer subject to examination by tax authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm2MRS SARA BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm3MR J MARK LESTER
IRS990/Form990PartVIISectionAGrp/PersonNm4MRS LISSA BLASCHKE
IRS990/Form990PartVIISectionAGrp/PersonNm5MR LANCE BENHAM
IRS990/Form990PartVIISectionAGrp/PersonNm6MR JERRY BURGER
IRS990/Form990PartVIISectionAGrp/PersonNm7MRS JULIE L HALL
IRS990/Form990PartVIISectionAGrp/PersonNm8MRS SARAH HOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm9MRS LOU KERR
IRS990/Form990PartVIISectionAGrp/PersonNm10MRS CATHERINE ARMITAGE
IRS990/Form990PartVIISectionAGrp/PersonNm11MS SUE ANN ARNALL
IRS990/Form990PartVIISectionAGrp/PersonNm12MR LOYD L BENSON
IRS990/Form990PartVIISectionAGrp/PersonNm13DR RICO BUCHLI
IRS990/Form990PartVIISectionAGrp/PersonNm14MR STEVE BURRAGE
IRS990/Form990PartVIISectionAGrp/PersonNm15MR WILLIAM H CRAWFORD
IRS990/Form990PartVIISectionAGrp/PersonNm16MR ROBERT S DOENGES
IRS990/Form990PartVIISectionAGrp/PersonNm17MR KEN FERGESON
IRS990/Form990PartVIISectionAGrp/PersonNm18MRS LINDA S FRAZIER
IRS990/Form990PartVIISectionAGrp/PersonNm19MR GARY F FULLER
IRS990/Form990PartVIISectionAGrp/PersonNm20MR LLOYD HARDIN JR
IRS990/Form990PartVIISectionAGrp/PersonNm21MR GREGORY R HODGEN
IRS990/Form990PartVIISectionAGrp/PersonNm22MRS SUE ANN HYDE
IRS990/Form990PartVIISectionAGrp/PersonNm23MR JEAN C LEGER JR
IRS990/Form990PartVIISectionAGrp/PersonNm24MRS NANCY LEONARD
IRS990/Form990PartVIISectionAGrp/PersonNm25MR SAM OTT
IRS990/Form990PartVIISectionAGrp/PersonNm26DR ANN ACKERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm27MR BRENTON PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm28MR RYAN PIVONKA
IRS990/Form990PartVIISectionAGrp/PersonNm29DR STEPHEN PRESCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm30MRS LINDA RODGERS
IRS990/Form990PartVIISectionAGrp/PersonNm31MR JIMMY ROLLEN
IRS990/Form990PartVIISectionAGrp/PersonNm32MRS KRISTINE BARANSKI
IRS990/Form990PartVIISectionAGrp/PersonNm33MR HARRY ROUSE ESQUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm34MS MEG SALYER
IRS990/Form990PartVIISectionAGrp/PersonNm35MR THOMAS SELL
IRS990/Form990PartVIISectionAGrp/PersonNm36MRS JAN BARRICK PLANT
IRS990/Form990PartVIISectionAGrp/PersonNm37MRS LINETTE DAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm38MR LEONARD SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm39MR WARREN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm40JUDGE RALPH THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm41MR JAMES VALLION
IRS990/Form990PartVIISectionAGrp/PersonNm42DR MICHAEL WELLS
IRS990/Form990PartVIISectionAGrp/PersonNm43MS SUSAN WINCHESTER
IRS990/Form990PartVIISectionAGrp/PersonNm44MR STEVE WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm45MS TERESA DIETRICH
IRS990/Form990PartVIISectionAGrp/PersonNm46MS ELIZABETH ALSPAUGH FARABEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, OSSM - EX-OFFIC
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.4$0.00$18.4$1.97$0.65$1.32
2023Detailed filing. Detailed filing data is available for this year.$17.0$0.00$17.0$1.48$0.85$0.63
2022Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$1.20$0.94$0.25
2021Detailed filing. Detailed filing data is available for this year.$17.5$0.00$17.5$1.29$0.72$0.56
2020Detailed filing. Detailed filing data is available for this year.$15.1$0.01$15.1$1.01$0.72$0.29
2019Detailed filing. Detailed filing data is available for this year.$13.5$0.01$13.5$1.40$0.86$0.54
2018Detailed filing. Detailed filing data is available for this year.$11.3$0.00$11.3$1.50$0.85$0.65
2017Detailed filing. Detailed filing data is available for this year.$11.6$0.04$11.6$1.29$0.89$0.40
2016Detailed filing. Detailed filing data is available for this year.$10.00$0.01$9.99$1.54$0.81$0.73
2015Detailed filing. Detailed filing data is available for this year.$9.06$0.02$9.04$1.35$0.88$0.46
2014Detailed filing. Detailed filing data is available for this year.$8.99$0.00$8.99$1.17$1.61$0.44
2013Detailed filing. Detailed filing data is available for this year.$9.44$0.00$9.44$1.82$1.27$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.58$0.00$8.58$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.08$0.00$8.08$3.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$0.00$11.2$1.13
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $10M-$25M nonprofits