Spiro School Foundation for Educational Excellence Inc

Nonprofit profile at a glance

EIN
731378896
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Spiro, OK, USA
Phone
9189622401
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$175,241
Expenses
$48,650
Assets
$2,074,434
Liabilities
$333,554

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

Leadership & pay

12 people listed

Executive titles in this filing

  • GARON MCCLURE (President)
  • BRADLEY DEDMON (Vice President)

People named in this filing

  • GARON MCCLURE (President)
  • BRADLEY DEDMON (Vice President)
  • NICHOLAS GRANT (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The Spiro School Foundation for Excellence in Education is committed to advancing the educational goals and opportunities of Spiro Public Schools, a vital institution serving approximately 1,000 students across grades K-12 in Spiro, Oklahoma. In our pursuit of public support, the foundation engages in a multifaceted approach aimed at fostering a sense of community and inclusivity. Through our yearly scholarship program, graduating seniors are offered financial support to pursue higher education, fostering a culture of achievement and opportunity. Additionally, the Foundation recognizes the importance of concurrent enrollment for todays students. In that regard, the Foundation actively contributes to defraying certain fees and associated costs for Spiro High students who are enrolled in college courses, thus ensuring that students can access advanced coursework when getting a jump start on their collegiate journey. Beyond scholarships, the foundation extends support to the school by pro

What it reported doing in 2024

Scholarships awarded to applicants from spiro high school for higher education are selected by the board of directors in accordance with professional recommendations.scholarship recipientsbaylor riley $3,000karoline davis $2,500ashtin hobbs $2,500joshua hogan $2,500bryso spears $2,000laurel blankenship $2,000corbin miller $2,000kambrie rogers $1,500aiden mclemore $1,500corbin miller $1,500reagan gist $334alyssa cogburn $333anna monks $333total scholarships awarded $22,000concurrent scholarships that pay the fees for eligable high school students enrolled in college courses.total concurrent scholarships were awarded to 15 students totaling $4,305.

Operating model

Revenue model
Other-operating. 77% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 70
  • Accountability: 18
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.3%; rating input score 40
  • Program expense ratio: 84.6%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 27.4%; rating input score 27; 39th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 72.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 42.64; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 2.1% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 31.3% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 40.3% of revenue deployed · 84.6% of spending went to programs
  • Governance: 0 of 12 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $41K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 27/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.