Educational Alternatives EIN 73-1173815 Form 990 (PDF) Claim this org

Educational Alternatives FY2023 filing

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Trains law enforcement and youth to build safer communities. For fiscal year 2023 it reported $284K in revenue, $213K in expenses, and $154K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Norman, OK
Website
www.oklahomachallenge.org
Filings
4 on file (2021–2023)
Revenue
$284KFY2023
Expenses
$213K
Net assets
$154K
People
6
Filings
4
Updates
0
More identity details & actions ⌄
EIN  73-1173815 Public charity (501(c)(3)) Norman, OK
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains law enforcement and youth to build safer communities.
Leadership
Linda Terrell · Executive Director · $72K
Money in and out
$284K revenue, $213K expenses
Bottom line
99% program efficiency
Where the money goes · FY2023
Total revenue
$284K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
8.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$284K
FY2023▲ +39%
Expenses
$213K
FY2023▼ -6%
Total assets
$154K
FY2023▲ +85%
Total liabilities
$0
FY2023▼ -100%
Total revenue
$284K
Pt VIII · Ln 12
Total expenses
$213K
Pt IX · Ln 25
Net assets
$154K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$154K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEducational Alternatives
EINHdr · item D73-1173815
Principal addressHdr · item CNorman, OK
WebsiteHdr · item Jwww.oklahomachallenge.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F21Z)
Ruling yearIRS BMFMay 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$72,188Pt VII · Sec A
Program Associate
$50,000Pt VII · Sec A
Bookkeeper
$1,663Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Linda Terrell’s $74K as Executive Director is at the 63rd percentile of top reported officer pay among 2082 $100K–1M mental health 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Linda Terrell$73,920$72,188$69,300$69,300
Peggy Nele Rogers$50,000$44,656
Sarah Connally$19,852
Peggy Rogers$7,396
Katherine Keith$1,663$1,871

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $210K of program spending, described in the organization's own filed words · FY2022.
01

Oklahoma Challenge

Oklahoma Challenge is a distracted driving peer to peer leadership program. This program empowers teens to talk to other teens about the dangers of driving distracted and without seat belts.

$209Kprogram expense
02

Cleet Certifying Classes

We offer two CLEET certified online classes for law enforcement and security guards for maintenance of their required CEU's. We average approximately 35 students per month in the classes. The cost per class is $25 which provides an accessible, cost-effective way for these populations to maintain their required certifications.

$1Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$232K · 82%
Contributions & grants$51K · 18%
Program service revenue82%$232K
Contributions & grants18%$51K
Investment income$649
Total revenueLn 12$284K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$210K
Management & general1%$3K
Total functional expensesLn 25$213K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$154K
Total liabilitiesLn 26$0
Total net assetsLn 32$154K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses/yr $213K
8.7 months
Where the money goes
Program services
Program services $210K · Total expenses $213K
99%
Management & General
Management & general $3K · Total expenses $213K
1%
Fundraising
Fundraising $0 · Total expenses $213K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $46K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $51K · Total revenue $284K
18%
Government reliance
Government grants $0 · Total revenue $284K
0%
Earned-income share
Program service revenue $232K · Total revenue $284K
82%
Investment reliance
Investment income $649 · Total revenue $284K
+0.2%
Program self-sufficiency
Program service revenue $232K · Total expenses $213K
109%
Growth & trend
Revenue growth (YoY)
This year $284K · Prior year $205K
+39%
Net-asset trend (YoY)
End of year $154K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $284K · Expenses $213K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $154K
Net-asset ratio
Net assets $154K · Total assets $154K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $154K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Linda Terrell · Reported title Executive Director · Highest reported compensation $72K · Total expenses $213K
34%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $155K · Total expenses $213K
73%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Osma FoundationFY2024$20K
Total grants receivedfrom 2 funders$45K

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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)$260K revenue · ⤓ 990 PDF
FY2023$284K revenue · viewing · ⤓ 990 PDF
FY2022$205K revenue · ⤓ 990 PDF
FY2021$174K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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