Okeechobee Educational Foundation EIN 65-0219235

Okeechobee Educational Foundation FY2021 filing

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Supports teachers, expands learning, and connects students to resources for success in school and life. For fiscal year 2021 it reported $252K in revenue, $284K in expenses, and $239K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Okeechobee, FL
Website
educationfoundationofokeechobee.com
Filings
5 on file (2020–2021)
Revenue
$252KFY2021
Expenses
$284K
Net assets
$239K
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  65-0219235 Public charity (501(c)(3)) Okeechobee, FL
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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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
$252K revenue, $284K expenses
Bottom line
86% program efficiency
Where the money goes · FY2021
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$239K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$33K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$252K
FY2021▼ -12%
Expenses
$284K
FY2021▲ +28%
Total assets
$271K
FY2021▼ -25%
Total liabilities
$32K
FY2021▼ -65%
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$284K
Pt IX · Ln 25
Net assets
$239K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$33K
Total assetsPt X · Ln 16$271K
Program-expense ratioPt IX · col B86%
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 $245K of program spending, described in the organization's own filed words · FY2021.
01

Provide scholarships to students in okeechobee county.

$163Kprogram expense
02

Recognize teachers in okeechobee county school system.

$62Kprogram expense
03

Provide support to students through community intervention programs.

$19Kprogram 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
Secretary
$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 & grants100%$251K
Investment income$912
Total revenueLn 12$252K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$245K
Management & general14%$40K
Total functional expensesLn 25$284K

Balance Sheet

Part X · end of year
CashLn 1$271K
Total assetsLn 16$271K
Total liabilitiesLn 26$32K
Total net assetsLn 32$239K
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $271K · Operating expenses/yr $284K
11.4 months
Where the money goes
Program services
Program services $245K · Total expenses $284K
86%
Management & General
Management & general $40K · Total expenses $284K
14%
Fundraising
Fundraising $0 · Total expenses $284K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $268K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $251K · Total revenue $252K
100%
Government reliance
Government grants — · Total revenue $252K
Earned-income share
Program service revenue $0 · Total revenue $252K
0%
Investment reliance
Investment income $912 · Total revenue $252K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $284K
0%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year $286K
-12%
Net-asset trend (YoY)
End of year $239K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $284K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $271K
Net-asset ratio
Net assets $239K · Total assets $271K
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $271K
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 $284K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $284K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth -12%
Accounting fee ratio 2%

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 · viewing · ⤓ 990 PDF
FY2020$286K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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