Oec Foundation INC EIN 73-1411520 Form 990 (PDF) Claim this org

Oec Foundation INC FY2020 filing

Not yet claimed Claim this org →

Helps families and organizations with food, shelter, clothing, medical, and community needs. For fiscal year 2020 it reported $269K in revenue, $212K in expenses, and $220K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Norman, OK
Filings
5 on file (2020–2020)
Revenue
$269KFY2020
Expenses
$212K
Net assets
$220K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  73-1411520 Public charity (501(c)(3)) Norman, OK
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Oec Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Helps families and organizations with food, shelter, clothing, medical, and community needs.
Leadership
Betty Allan · Director
Money in and out
$269K revenue, $212K expenses
Bottom line
97% program efficiency
Where the money goes · FY2020
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$220K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $58K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
12.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$269K
FY2020
Expenses
$212K
FY2020
Total assets
$220K
FY2020
Total liabilities
$0
FY2020
Total revenue
$269K
Pt VIII · Ln 12
Total expenses
$212K
Pt IX · Ln 25
Net assets
$220K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$58K
Total assetsPt X · Ln 16$220K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COec Foundation INC
EINHdr · item D73-1411520
Principal addressHdr · item CNorman, OK
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20Z)
Ruling yearIRS BMFFeb 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Oec Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $206K of program spending, described in the organization's own filed words · FY2020.
01

The OEC Foundation provides assistance to families and organizations who need food, shelter and clothing.

$206Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$268K · 99%
Investment income$2K · 1%
Contributions & grants99%$268K
Investment income1%$2K
Total revenueLn 12$269K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$206K
Management & general3%$6K
Total functional expensesLn 25$212K

Balance Sheet

Part X · end of year
CashLn 1$220K
Total assetsLn 16$220K
Total liabilitiesLn 26$0
Total net assetsLn 32$220K
Months of cash on handcomputed12.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $220K · Operating expenses/yr $212K
12.5 months
Where the money goes
Program services
Program services $206K · Total expenses $212K
97%
Management & General
Management & general $6K · Total expenses $212K
3%
Fundraising
Fundraising $0 · Total expenses $212K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $268K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $268K · Total revenue $269K
99%
Government reliance
Government grants — · Total revenue $269K
Earned-income share
Program service revenue $0 · Total revenue $269K
0%
Investment reliance
Investment income $2K · Total revenue $269K
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $212K
0%
Growth & trend
Revenue growth (YoY)
This year $269K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $220K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $269K · Expenses $212K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $220K
Net-asset ratio
Net assets $220K · Total assets $220K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $220K
0%
People & payroll
Highest Reported Total Compensation
Individual Betty Allan · Reported title Director · Highest reported compensation $0 · Total expenses $212K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $212K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$20K
Grants paid · 79 grants · $764K · 2020–2024
See all 79 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Oec Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$292K revenue · ⤓ 990 PDF
FY2023$285K revenue · ⤓ 990 PDF
FY2022$276K revenue · ⤓ 990 PDF
FY2021$266K revenue · ⤓ 990 PDF
FY2020$269K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.