Oklahoma Foundation for Excellence

Nonprofit profile at a glance

EIN
731260595
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Oklahoma City, OK, USA
Phone
4052360006
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,205,990
Expenses
$1,010,112
Assets
$10,047,079
Liabilities
$131,079

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

110 people listed

Executive titles in this filing

  • LEE ANN DEARMAN (PRESIDENT)
  • MORGAN HARRIS (PRESIDENT - ELECT)
  • ANDREW J MORRIS (PAST PRESIDENT)
  • ELIZABETH INBODY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ELIZABETH INBODY (EXECUTIVE DIRECTOR): $112,328 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the foundation is to encourage and recognize academic excellence in Oklahoma's public schools. In accordance with this mission, the foundation is created to recognize and encourage excellence in teaching and scholarship in the state of Oklahoma, to nurture and support a favorable climate in the state of Oklahoma for the teaching profession and for the attainment of excellence by students, and to foster and encourage the development of local school foundations in Oklahoma communities.

What it reported doing in 2024

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 university levels and one public school administrator.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88%; rating input score 88
  • Program expense ratio: 71.3%; rating input score 71
  • Fundraising efficiency: $4.43 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 16.2%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 9.95; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 11.1%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 88% of revenue deployed · 71.3% of spending went to programs
  • Governance: 109 of 109 board members independent · 7 of 8 filing controls reported
  • Programs: 6 filed program accomplishments · $720K in reported program spending
  • Leadership: top reported pay $112K · 110 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.