Oklahoma Foundation for Excellence FY2021 filing

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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.
80¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $9.0M in investments, Pt X · Ln 11–13
Looks good: 6.8 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
$72K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
178
of 178 voting members
Looks good: 178 of 178 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$895K
To programs
80%
Net assets
$9.6M
By yearFY2021–FY2025
Revenue
$1.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$982K
FY2023$936K
FY2024$1.7M
FY2025$1.2M
Expenses
$895K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$895K
FY2022$975K
FY2023$915K
FY2024$986K
FY2025$1.0M
Net assets
$9.6M
FY2021
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $713K Management & general 16% · $141K Fundraising 5% · $42K

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

179 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$105,193Pt VII · Sec A
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Secretary-Treasurer
$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 · $620K · in their own filed words · FY2020
01

Awards Program

Encompasses two INITIATIVES:1) academic all-state awards- awards a scholarship to each of the top 100 academic all-state scholars selected from oklahoma's public high school graduating seniors.

$412Kprogram expense
02

Teacher Professional Development Program

Provide grants to teachers for professional development opportunities. Ten grants were made under this program during the period. Also, the organization has partnered with the tulsa community foundation to assist in bringing the national fund for teachers program to oklahoma.

$183Kprogram expense
03

Mentoring initiative program- promotes the growth and establishment of school based mentoring programs in oklahoma.

$25Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$570K
Investment incomeLn 3$489K
Fees for servicesLn 2g$39K
Money outPt IX
$895K
Ln 25
Programscol B$713K
Managementcol C$141K
Fundraisingcol D$42K
Owns and owesPt X
$9.6M
net assets · Ln 32
Cash and savingsLn 1–2$507K
Total assetsLn 16$9.7M
LiabilitiesLn 26$72K
PeoplePt VI, VII
179
listed · VII A
PaidVII A1
Voting boardVI 1a178
IndependentVI 1b178
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$570K
Noncash giftsLn 1g$22K
Fees for servicesLn 2g$39K
Investment incomeLn 3$489K
Other incomeLn 4–11$300
Gains on assetsLn 7$366K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$507K
Cash and savings togetherLn 1–2$507K
InvestmentsLn 11–13$9.0M
Land, buildings, equipmentLn 10c$12K
Other assetsLn 15$234K
Total assetsLn 16$9.7M
LiabilitiesLn 26$72K
Net assetsLn 32$9.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$9.0M$7.5M$7.3M$7.1M$7.0M
Given inLn 1b$159K
SpentLn 1d–1f$328K$151K$353K$341K$340K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$344K$507K
InvestmentsLn 11–13$7.4M$9.0M
Land, buildings, equipmentLn 10c$20K$12K
Total assetsLn 16$8.0M$9.7M
LiabilitiesLn 26$67K$72K
Net assetsLn 32$7.9M$9.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$124K$124K
Pay of current officers, directors and key staffLn 5$109K$83K$16K$9K
Other salaries and wagesLn 7$209K$160K$31K$18K
Pension plan contributionsLn 8$17K$12K$3K$2K
Payroll taxesLn 10$24K$18K$4K$2K
Management feesLn 11a$113K$113K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$28K$28K
Office expensesLn 13$3K$1K$250$946
Information technologyLn 14$16K$12K$3K$2K
OccupancyLn 16$43K$32K$7K$4K
TravelLn 17$14K$14K$579
Conferences, conventions and meetingsLn 19$7K$374$7K
Depreciation, depletion and amortizationLn 22$8K$6K$1K$814
InsuranceLn 23$4K$3K$655$398
Other expenses (24a–d)Ln 24$112K$110K$1K$476
All other expensesLn 24e$36K$24K$9K$2K
Total functional expensesLn 25$895K$713K$141K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 23, 2026 $1.2M$1.0M$196K$9.9M 990 PDF
FY2024Filed with the IRS Feb 12, 2025 $1.7M$986K$733K$9.3M 990 PDF
FY2023Filed with the IRS May 6, 2024 $936K$915K$21K$8.6M 990 PDF
FY2022Filed with the IRS Apr 19, 2023 $982K$975K$7K$8.3M 990 PDF
FY2021 ViewingFiled with the IRS Jan 18, 2022 $1.1M$895K$204K$9.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,099,032 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $590,228$570,359
I-9 Program service revenuePrior year $16,625$39,110
I-10 Investment incomePrior year $245,859$489,263
I-11 Other revenuePrior year $258$300
I-12 Total revenuePrior year $852,970$1,099,032
I-13 Grants and similar amounts paidPrior year $186,085$123,899
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $357,936$359,102
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $339,672$412,477
I-18 Total expensesPrior year $883,693$895,478
I-19 Revenue less expensesPrior year −$30,723$203,554
Part VI · Governance 178 of 178 board members independent, 1 to look at
VI-1a Voting members of the governing body178
VI-1b Independent voting members178
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 $1,099,032 across 8 lines filed
VIII-1f All other contributions, gifts and grants$570,359
VIII-1g Noncash contributions (included above)$21,869
VIII-1h Total contributions, gifts and grants$570,359
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,110$39,110
VIII-3 Investment incomeExcluded from tax $123,752$123,752
VIII-7 Net gain or loss on sales of assetsExcluded from tax $365,511$365,511
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $300$300
VIII-12 Total revenueRelated to mission $39,410 · Unrelated business $0 · Excluded from tax $489,263$1,099,032
Part IX · Statement of functional expenses $895,478 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $123,899$123,899
IX-5 Pay of current officers, directors and key staffPrograms $83,296 · Management $15,891 · Fundraising $9,356$108,543
IX-7 Other salaries and wagesPrograms $160,496 · Management $30,618 · Fundraising $18,029$209,143
IX-8 Pension plan contributionsPrograms $12,499 · Management $2,902 · Fundraising $1,712$17,113
IX-10 Payroll taxesPrograms $17,741 · Management $4,132 · Fundraising $2,430$24,303
IX-11a Management feesPrograms $112,724$112,724
IX-11c Accounting feesManagement $28,412$28,412
IX-11f Investment management feesManagement $27,776$27,776
IX-13 Office expensesPrograms $1,344 · Management $250 · Fundraising $946$2,540
IX-14 Information technologyPrograms $11,782 · Management $3,025 · Fundraising $1,613$16,420
IX-16 OccupancyPrograms $31,858 · Management $6,993 · Fundraising $4,142$42,993
IX-17 TravelPrograms $13,872 · Management $579$14,451
IX-19 Conferences, conventions and meetingsPrograms $374 · Management $7,077$7,451
IX-22 Depreciation, depletion and amortizationPrograms $5,944 · Management $1,384 · Fundraising $814$8,142
IX-23 InsurancePrograms $2,904 · Management $655 · Fundraising $398$3,957
IX-24 Other expenses (24a–d)Programs $110,004 · Management $1,447 · Fundraising $476$111,927
IX-24e All other expensesPrograms $24,029 · Management $9,444 · Fundraising $2,211$35,684
IX-25 Total functional expensesPrograms $712,766 · Management $140,585 · Fundraising $42,127$895,478
Part X · Balance sheet $9,711,112 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $343,759$506,855
X-3 Pledges and grants receivableStart of year $250$500
X-9 Prepaid expenses and deferred chargesStart of year $7,039$7,117
X-10c Land, buildings and equipment, netStart of year $19,767$11,624
X-11 Publicly traded securitiesStart of year $7,384,546$8,950,918
X-15 Other assetsStart of year $198,011$234,098
X-16 Total assetsStart of year $7,953,372$9,711,112
X-17 Accounts payable and accrued expensesStart of year $1,918$4,369
X-26 Total liabilitiesStart of year $66,518$71,863
X-27 Net assets without donor restrictionsStart of year $6,944,799$8,548,332
X-28 Net assets with donor restrictionsStart of year $942,055$1,090,917
X-32 Total net assets or fund balancesStart of year $7,886,854$9,639,249
X-33 Total liabilities and net assetsStart of year $7,953,372$9,711,112
Part XI · Reconciliation of net assets $9,639,249 net assets at year end
XI-1 Total revenue$1,099,032
XI-2 Total expenses$895,478
XI-3 Revenue less expenses$203,554
XI-4 Net assets at start of year$7,886,854
XI-5 Net unrealized gains (losses) on investments$1,484,241
XI-9 Other changes in net assets$64,600
XI-10 Net assets at end of year$9,639,249

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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