Oea Educational Foundation
- Assets
- $723.4k
- Revenue
- $708.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 07/2003
- Data as of
- 08/2023
- EIN
- 04-3618101
Organization Overview
Oea Educational Foundation is located in Columbus, OH. The organization was established in 2003. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oea Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Oea Educational Foundation generated $708.9k in total revenue. All expenses for the organization totaled $92.0k during the year ending 08/2023. While expenses have increased by 85.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WORK OF THE OHIO EDUCATIONAL FOUNDATION IS TO FUND INITIATIVES THAT ENHANCE STUDENT LEARNING, STUDENT ACHIEVEMENT, AND WELL-BEING, AS WELL AS PROMOTE SOCIAL JUSTICE. ITS BOARD OF DIRECTORS PROVIDES FOUR FUNDING OPPORTUNITIES ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORK OF THE OHIO EDUCATIONAL FOUNDATION IS TO FUND INITIATIVES THAT ENHANCE STUDENT LEARNING, STUDENT ACHIEVEMENT, AND WELL-BEING, AS WELL AS PROMOTE SOCIAL JUSTICE. ITS BOARD OF DIRECTORS PROVIDES FOUR FUNDING OPPORTUNITIES ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Dimauro Oea President, Chairman | OfficerTrustee | 1 | $0 |
Jeff Wensing Oea Vice President, Ex Officio | OfficerTrustee | 1 | $0 |
Mark Hill Oea Secretary/treasurer, Ex Officio | OfficerTrustee | 1 | $0 |
Kristy Spires Oea Cfo, Staff Liaison | OfficerTrustee | 1 | $0 |
Patricia Collins Murdock Oea Executive Director, Ex Officio | OfficerTrustee | 1 | $0 |
Angela Stewart Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $700,549 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $703,562 |
| Total Program Service Revenue | $0 |
| Investment income | $3,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,323 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,959 |
| Fees for services: Accounting | $3,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $91,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,397 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $723,397 |
| Total liabilities and net assets/fund balances | $723,397 |
Grants Awarded
Over the last fiscal year, Oea Educational Foundation has awarded $24,104 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ANTHONY V SPANO FOUNDATION PURPOSE: SCHOOL SUPPLY FUND | $5,000 |
LORAIN EA PURPOSE: WHISPERS FUND GRANT | $500 |
ANTHONY WAYNE EA PURPOSE: WHISPERS FUND GRANT | $100 |
FAIRFIELD CLASSROOM TA PURPOSE: INNVOATION GRANT | $2,448 |
NOBLE LOCAL CLASSROOM TA PURPOSE: DIVERSITY GRANT | $1,856 |
NORTH COLLEGE HILL EA PURPOSE: DIVERSITY GRANT | $3,000 |