Okeechobee Educational Foundation EIN 65-0219235

Okeechobee Educational Foundation FY2020 filing

EIN  65-0219235 Public charity (501(c)(3)) Okeechobee, FL
Form 990 (PDF)
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Size
$1–10M
What they do
Supports teachers, expands learning, and connects students to resources for success in school and life.
Leadership
Dr Christine Bishop · Director
Money in and out
$286K revenue, $223K expenses
Bottom line
97% program efficiency

Supports teachers, expands learning, and connects students to resources for success in school and life. For fiscal year 2020 it reported $286K in revenue, $223K in expenses, and $272K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $63K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
19.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$286K
FY2020
Expenses
$223K
FY2020
Total assets
$362K
FY2020
Total liabilities
$91K
FY2020
Total revenue
$286K
Pt VIII · Ln 12
Total expenses
$223K
Pt IX · Ln 25
Net assets
$272K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$63K
Total assetsPt X · Ln 16$362K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $215K of program spending, described in the organization's own filed words · FY2020.
01

Provide scholarships to students in okeechobee county.

$185Kprogram expense
02

Recognize teachers in okeechobee county school system.

$24Kprogram expense
03

Provide support to students through community intervention programs.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COkeechobee Educational Foundation
EINHdr · item D65-0219235
Principal addressHdr · item COkeechobee, FL
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B95Z)
Ruling yearIRS BMFSep 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Parliamentar
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Alaina Barron’s $72K as CEO is at the 15th percentile of top reported officer pay among 3393 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$284K · 99%
Investment income$2K · 1%
Contributions & grants99%$284K
Investment income1%$2K
Total revenueLn 12$286K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$215K
Management & general3%$8K
Total functional expensesLn 25$223K

Balance Sheet

Part X · end of year
CashLn 1$353K
Total assetsLn 16$362K
Total liabilitiesLn 26$91K
Total net assetsLn 32$272K
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $353K · Operating expenses/yr $223K
19.0 months
Where the money goes
Program services
Program services $215K · Total expenses $223K
97%
Management & General
Management & general $8K · Total expenses $223K
3%
Fundraising
Fundraising $0 · Total expenses $223K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $284K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $284K · Total revenue $286K
99%
Government reliance
Government grants — · Total revenue $286K
Earned-income share
Program service revenue $0 · Total revenue $286K
0%
Investment reliance
Investment income $2K · Total revenue $286K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $223K
0%
Growth & trend
Revenue growth (YoY)
This year $286K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $272K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $286K · Expenses $223K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $362K
Net-asset ratio
Net assets $272K · Total assets $362K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $362K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Christine Bishop · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $223K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $223K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 12 grants · $1.9M · 2020–2024
Unitemized GrantFY2024$523,597
Unitemized GrantFY2024$272,696
Unitemized GrantFY2024$127,800
Unitemized GrantFY2024$77,200
Unitemized GrantFY2023$240,502
Unitemized GrantFY2023$31,900
Unitemized GrantFY2022$218,350
Unitemized GrantFY2022$29,800
Unitemized GrantFY2021$160,050
Unitemized GrantFY2021$41,460
Unitemized GrantFY2020$183,500
Unitemized GrantFY2020$23,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2023$605K revenue · ⤓ 990 PDF
FY2022$391K revenue · ⤓ 990 PDF
FY2021$252K revenue · ⤓ 990 PDF
FY2020$286K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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