Norman Public School Foundation

Tax-deductible

Norman, OK501(c)(3)EducationEIN 73-1208845Revenue $606K in FY2024

On file with the IRSnpsfok.org131 S Flood Ave, 73069-5463 · Norman, OKTax-exempt since May 1984Publicly supported charity — 170(b)(1)(A)(vi)

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The Norman Public School Foundation was established to invest in the future of Public education in Norman.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 50 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $52K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $50K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$433K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$606K
+43% vs prior year
Spent
$885K
To programs
84%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$606K
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$422K
FY2021$436K
FY2022$393K
FY2023$424K
FY2024$606K
Expenses
$885K
FY2024▲ +172%
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$552K
FY2022$567K
FY2023$325K
FY2024$885K
Net assets
$3.4M
FY2024+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.5M
FY2022$2.8M
FY2023$3.4M
FY2024$3.4M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $746K Management & general 7% · $66K Fundraising 8% · $73K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Past Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Jenny Dakil’s $46K as Executive Director is at the 37th percentile of top reported officer pay among 1613 $100K–1M 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.

See Norman Public School Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests in the future of public education by providing financial support.

Questions for Norman Public School Foundation

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Provided by the organization

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3 programs · $695K · in their own filed words · FY2024
01

Grants to Teachers

The norman public school foundation (NPSF) was created to enhance the educational experience for students in norman public schools. NPSF has furthered this goal through the grants-to-teachers program. Awarded teacher grants fund instructional materials and approaches, from the most basic to the most innovative.

$695Kprogram expense
02

Tributes and Memorials

This program allows individuals to thank a special teacher or friend, honor a loved one, or memorialize someone special. All contributions provide a meaningful way for to both honor someone special and make a difference in the academic opportunities available to students in norman public schools.

Pt IX · col B
03

Sudden Opportunity Program

Our sudden opportunity program exists to ensure the foundation can assist with additional opportunities that enrich learning experiences for students. NPSF understands significant needs may arise that fall outside of our general classroom support grant program. This program helps fill that need.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 15 grants · $1.8M · 2020–2024
Norman Public SchoolsFY2024$500,000
Individual RecipientFY2024$173,993
Unitemized GrantFY2024$17,400
Unitemized GrantFY2024$3,300
Individual RecipientFY2023$139,895
Unitemized GrantFY2023$3,900
Unitemized GrantFY2023$3,800
Individual RecipientFY2022$391,377
Unitemized GrantFY2022$4,776
Unitemized GrantFY2022$4,200
Norman Public SchoolsFY2021$454,951
Unitemized GrantFY2021$4,850
Unitemized GrantFY2021$3,700
Norman Public SchoolsFY2020$96,776
Unitemized GrantFY2020$5,250

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$606K
Ln 12
Gifts and grantsLn 1h$361K
Investment incomeLn 3$244K
Other incomeLn 4–11$400
Money outPt IX
$885K
Ln 25
Programscol B$746K
Managementcol C$66K
Fundraisingcol D$73K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$657K
Total assetsLn 16$3.8M
LiabilitiesLn 26$433K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$361K
Investment incomeLn 3$244K
Other incomeLn 4–11$400
Total revenueLn 12$606K
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$563K
Cash and savings togetherLn 1–2$657K
InvestmentsLn 11–13$3.2M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$3.8M
LiabilitiesLn 26$433K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$571K$657K
InvestmentsLn 11–13$2.9M$3.2M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$3.5M$3.8M
LiabilitiesLn 26$138K$433K
Net assetsLn 32$3.4M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$674K$674K
Grants to domestic individualsLn 2$21K$21K
Other salaries and wagesLn 7$84K$21K$21K$42K
Payroll taxesLn 10$7K$2K$2K$4K
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$43K$22K$22K
Office expensesLn 13$1K$294$295$592
Information technologyLn 14$173$43$87$43
OccupancyLn 16$2K$2K
Conferences, conventions and meetingsLn 19$182$90$46$46
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$34K$6K$878$27K
All other expensesLn 24e$420$23$351$46
Total functional expensesLn 25$885K$746K$66K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $606K$885K−$279K$3.4M 990 PDF
FY2023 $424K$325K$99K$3.4M 990 PDF
FY2022 $393K$567K−$173K$2.8M 990 PDF
FY2021 $436K$552K−$115K$3.5M 990 PDF
FY2020 $422K$212K$210K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $605,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $340,879$360,909
I-9 Program service revenue$0
I-10 Investment incomePrior year $83,403$244,434
I-11 Other revenuePrior year $50$400
I-12 Total revenuePrior year $424,332$605,743
I-13 Grants and similar amounts paidPrior year $147,595$694,693
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $87,864$91,447
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $89,459$98,444
I-18 Total expensesPrior year $324,918$884,584
I-19 Revenue less expensesPrior year $99,414−$278,841
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $605,743 across 5 lines filed
VIII-1f All other contributions, gifts and grants$360,909
VIII-1h Total contributions, gifts and grants$360,909
VIII-3 Investment incomeExcluded from tax $244,434$244,434
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $400$400
VIII-12 Total revenueExcluded from tax $244,834$605,743
Part IX · Statement of functional expenses $884,584 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $673,993$673,993
IX-2 Grants to domestic individualsPrograms $20,700$20,700
IX-7 Other salaries and wagesPrograms $21,100 · Management $21,100 · Fundraising $42,200$84,400
IX-10 Payroll taxesPrograms $1,761 · Management $1,762 · Fundraising $3,524$7,047
IX-11c Accounting feesManagement $14,475$14,475
IX-11f Investment management feesPrograms $21,721 · Management $21,721$43,442
IX-13 Office expensesPrograms $294 · Management $295 · Fundraising $592$1,181
IX-14 Information technologyPrograms $43 · Management $87 · Fundraising $43$173
IX-16 OccupancyManagement $2,200$2,200
IX-19 Conferences, conventions and meetingsPrograms $90 · Management $46 · Fundraising $46$182
IX-23 InsuranceManagement $2,606$2,606
IX-24 Other expenses (24a–d)Programs $6,266 · Management $878 · Fundraising $26,621$33,765
IX-24e All other expensesPrograms $23 · Management $351 · Fundraising $46$420
IX-25 Total functional expensesPrograms $745,991 · Management $65,521 · Fundraising $73,072$884,584
Part X · Balance sheet $3,838,811 assets, 13 lines filed
Asset lines not itemized here account for $14,716; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $100,664$93,998
X-2 Savings and temporary cash investmentsStart of year $470,478$562,909
X-4 Accounts receivableStart of year $3,500$1,500
X-10c Land, buildings and equipment, netStart of year $2,643$1,762
X-11 Publicly traded securitiesStart of year $2,931,550$3,163,926
X-16 Total assetsStart of year $3,529,746$3,838,811
X-18 Grants payableStart of year $131,895$426,336
X-25 Other liabilitiesStart of year $6,039$6,626
X-26 Total liabilitiesStart of year $137,934$432,962
X-27 Net assets without donor restrictionsStart of year $352,805$491,745
X-28 Net assets with donor restrictionsStart of year $3,039,007$2,914,104
X-32 Total net assets or fund balancesStart of year $3,391,812$3,405,849
X-33 Total liabilities and net assetsStart of year $3,529,746$3,838,811
Part XI · Reconciliation of net assets $3,405,849 net assets at year end
XI-1 Total revenue$605,743
XI-2 Total expenses$884,584
XI-3 Revenue less expenses−$278,841
XI-4 Net assets at start of year$3,391,812
XI-5 Net unrealized gains (losses) on investments$304,248
XI-8 Prior period adjustments−$11,370
XI-10 Net assets at end of year$3,405,849

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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