Oklahoma Foundation for Excellence

Tax-deductible

Oklahoma City, OK501(c)(3)EIN 73-1260595Revenue $1.2M in FY2025

On file with the IRSofe.org5530 N Western Ave Ste 100, 73118-4003 · Oklahoma City, OKTax-exempt since Aug 1986Publicly supported charity — 170(b)(1)(A)(vi)

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To recognize and encourage academic Excellence in teaching and scholarship in the state of Oklahoma, to nurture and support a favorable climate for the teaching profession and for the attainment of Excellence by students, and to encourage the development of similar groups in Oklahoma communities.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$108K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $232K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $97K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$131K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
109
of 109 voting members
Looks good: 109 of 109 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-30% vs prior year
Spent
$1.0M
To programs
71%
Net assets
$9.9M
By yearFY2021–FY2025
Revenue
$1.2M
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$982K
FY2023$936K
FY2024$1.7M
FY2025$1.2M
Expenses
$1.0M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$895K
FY2022$975K
FY2023$915K
FY2024$986K
FY2025$1.0M
Net assets
$9.9M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.6M
FY2022$8.3M
FY2023$8.6M
FY2024$9.3M
FY2025$9.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1986.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $720K Management & general 17% · $171K Fundraising 12% · $119K

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

110 people listed on the 990; $108K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$108,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President - Elect
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Elizabeth Inbody$108,000$108,000$108,289——
Emily Stratton———$82,334$105,193

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.

See Oklahoma Foundation for Excellence 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Honors and supports Oklahoma public school students and educators through academic awards, professional development fellowships, and community-led education foundations.

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Provided by the organization

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3 programs · $690K · in their own filed words · FY2024
01

Academic Awards Program

Encompasses two initiatives: 1) academic all-state awards - cash awards to 100 academic all-state scholars selected from oklahoma's public high school graduating seniors. 2) medal for excellence - cash awards to each of five categories including one teacher at each elementary, secondary, regional UNIVERSITY/COMMUNITY college and research…

$535Kprogram expense
02

The oklahoma school foundations network provides on-call support, training, and networking opportunities for oklahoma school foundation leaders and volunteers. In addition, the program annually presents outstanding program awards recognizing successful programs sponsored or administrated by public school foundations.

$94Kprogram expense
03

Teacher Professional Development

Pre-k through 12TH grade teachers have the opportunity to pursue self-designed professional learning through a fund for teachers fellowship.

$61Kprogram expense

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 11 funders →
Grants paid · 21 grants · $933K · 2020–2024
Unitemized GrantFY2024$150,000
Unitemized GrantFY2024$42,000
Unitemized GrantFY2024$25,000
Unitemized GrantFY2024$21,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2023$150,000
Unitemized GrantFY2023$53,000
Unitemized GrantFY2023$25,000
Unitemized GrantFY2023$18,000
Unitemized GrantFY2023$3,943
Unitemized GrantFY2023$2,000
Unitemized GrantFY2022$150,000
Unitemized GrantFY2022$25,000
Unitemized GrantFY2022$22,500
Unitemized GrantFY2022$4,055
Unitemized GrantFY2022$2,000
Unitemized GrantFY2021$127,000
See all 21 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$632K
Gifts and grantsLn 1h$528K
Fees for servicesLn 2g$44K
Money outPt IX
$1.0M
Ln 25
Programscol B$720K
Managementcol C$171K
Fundraisingcol D$119K
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$268K
Total assetsLn 16$10.0M
LiabilitiesLn 26$131K
PeoplePt VI, VII
110
listed · VII A
PaidVII A1
Voting boardVI 1a109
IndependentVI 1b109
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$528K
Noncash giftsLn 1g$35K
Fees for servicesLn 2g$44K
Investment incomeLn 3$632K
Other incomeLn 4–11$2K
Gains on assetsLn 7$323K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$268K
Cash and savings togetherLn 1–2$268K
InvestmentsLn 11–13$9.6M
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$86K
Total assetsLn 16$10.0M
LiabilitiesLn 26$131K
Net assetsLn 32$9.9M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$396K$268K
InvestmentsLn 11–13$9.0M$9.6M
Land, buildings, equipmentLn 10c$9K$13K
Total assetsLn 16$9.5M$10.0M
LiabilitiesLn 26$174K$131K
Net assetsLn 32$9.3M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$243K$243K
Pay of current officers, directors and key staffLn 5$120K$71K$19K$30K
Other salaries and wagesLn 7$193K$115K$31K$48K
Pension plan contributionsLn 8$35K$20K$6K$9K
Payroll taxesLn 10$22K$13K$4K$6K
Accounting feesLn 11c$57K$57K
Office expensesLn 13$24K$14K$3K$7K
OccupancyLn 16$33K$20K$5K$8K
Conferences, conventions and meetingsLn 19$16K$1K$15K
Depreciation, depletion and amortizationLn 22$3K$2K$476$752
InsuranceLn 23$4K$2K$629$983
Other expenses (24a–d)Ln 24$243K$209K$26K$7K
All other expensesLn 24e$18K$11K$5K$2K
Total functional expensesLn 25$1.0M$720K$171K$119K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.0M$196K$9.9M 990 PDF
FY2024 $1.7M$986K$733K$9.3M 990 PDF
FY2023 $936K$915K$21K$8.6M 990 PDF
FY2022 $982K$975K$7K$8.3M 990 PDF
FY2021 $1.1M$895K$204K$9.6M 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 FY2025 990 (6 parts)
Part I · Summary $1,205,990 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $502,786$528,443
I-9 Program service revenuePrior year $41,422$43,682
I-10 Investment incomePrior year $1,172,350$631,579
I-11 Other revenuePrior year $1,898$2,286
I-12 Total revenuePrior year $1,718,456$1,205,990
I-13 Grants and similar amounts paidPrior year $251,943$243,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $355,225$369,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $378,766$397,409
I-18 Total expensesPrior year $985,934$1,010,112
I-19 Revenue less expensesPrior year $732,522$195,878
Part VI · Governance 109 of 109 board members independent, 1 to look at
VI-1a Voting members of the governing body109
VI-1b Independent voting members109
VI-2 Family or business relationship among officers or directorsYes
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 $1,205,990 across 8 lines filed
VIII-1f All other contributions, gifts and grants$528,443
VIII-1g Noncash contributions (included above)$34,880
VIII-1h Total contributions, gifts and grants$528,443
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,682$43,682
VIII-3 Investment incomeExcluded from tax $308,221$308,221
VIII-7 Net gain or loss on sales of assetsExcluded from tax $323,358$323,358
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,286$2,286
VIII-12 Total revenueRelated to mission $45,968 · Unrelated business $0 · Excluded from tax $631,579$1,205,990
Part IX · Statement of functional expenses $1,010,112 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $243,000$243,000
IX-5 Pay of current officers, directors and key staffPrograms $70,650 · Management $19,159 · Fundraising $29,937$119,746
IX-7 Other salaries and wagesPrograms $114,557 · Management $30,600 · Fundraising $47,813$192,970
IX-8 Pension plan contributionsPrograms $20,405 · Management $5,533 · Fundraising $8,646$34,584
IX-10 Payroll taxesPrograms $12,515 · Management $3,859 · Fundraising $6,029$22,403
IX-11c Accounting feesManagement $56,774$56,774
IX-13 Office expensesPrograms $13,877 · Management $3,086 · Fundraising $7,363$24,326
IX-16 OccupancyPrograms $19,764 · Management $5,360 · Fundraising $8,375$33,499
IX-19 Conferences, conventions and meetingsPrograms $1,127 · Management $14,608$15,735
IX-22 Depreciation, depletion and amortizationPrograms $1,773 · Management $476 · Fundraising $752$3,001
IX-23 InsurancePrograms $2,319 · Management $629 · Fundraising $983$3,931
IX-24 Other expenses (24a–d)Programs $209,405 · Management $25,932 · Fundraising $7,253$242,590
IX-24e All other expensesPrograms $10,644 · Management $4,834 · Fundraising $2,075$17,553
IX-25 Total functional expensesPrograms $720,036 · Management $170,850 · Fundraising $119,226$1,010,112
Part X · Balance sheet $10,047,079 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $395,690$268,123
X-3 Pledges and grants receivableStart of year $5,676$5,611
X-4 Accounts receivable$54,138
X-9 Prepaid expenses and deferred chargesStart of year $7,023$19,540
X-10c Land, buildings and equipment, netStart of year $9,361$12,559
X-11 Publicly traded securitiesStart of year $8,953,822$9,601,210
X-15 Other assetsStart of year $115,505$85,898
X-16 Total assetsStart of year $9,487,077$10,047,079
X-17 Accounts payable and accrued expensesStart of year $55,655$42,372
X-25 Other liabilitiesStart of year $118,228$88,707
X-26 Total liabilitiesStart of year $173,883$131,079
X-27 Net assets without donor restrictionsStart of year $7,286,989$7,834,418
X-28 Net assets with donor restrictionsStart of year $2,026,205$2,081,582
X-32 Total net assets or fund balancesStart of year $9,313,194$9,916,000
X-33 Total liabilities and net assetsStart of year $9,487,077$10,047,079
Part XI · Reconciliation of net assets $9,916,000 net assets at year end
XI-1 Total revenue$1,205,990
XI-2 Total expenses$1,010,112
XI-3 Revenue less expenses$195,878
XI-4 Net assets at start of year$9,313,194
XI-5 Net unrealized gains (losses) on investments$406,928
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,916,000

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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