Ole Education Fund
- Assets
- $4.4m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1275857
Organization Overview
Ole Education Fund is located in Albuquerque, NM. The organization was established in 2010. According to its NTEE Classification (R20) the organization is classified as: Civil Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ole Education Fund 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 12/2021, Ole Education Fund generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL TRAINING PROGRAMS TO COMMUNITY ORGANIZERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL TRAINING PROGRAMS TO COMMUNITY ORGANIZERS, PROMOTE POLICIES AND PROGRAMS THAT EMPOWER LOW-INCOME NEW MEXICANS, AND PROVIDE RESOURCES AND PROGRAMS TO LOW-INCOME INDIVIDUALS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alisa Cooper DE Uribe President/treas | Officer | 1 | $0 |
Matthew Henderson Exec Director | Officer | 1 | $0 |
Oriana Sandoval Director | Trustee | 1 | $0 |
Patricio Uribe Director | Trustee | 1 | $0 |
Christina Herrera Furst Director | Trustee | 1 | $0 |
Cesy Velasco Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,512,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,512,891 |
| Total Program Service Revenue | $26,000 |
| Investment income | $681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,539,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $2,050 |
| 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 | $0 |
| Fees for services: Accounting | $35,877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,437 |
| Advertising and promotion | $9,837 |
| Office expenses | $220 |
| Information technology | $84,152 |
| Royalties | $0 |
| Occupancy | $42,080 |
| Travel | $4,703 |
| 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 | $7,864 |
| All other expenses | $12,265 |
| Total functional expenses | $1,364,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,637 |
| Savings and temporary cash investments | $2,971,832 |
| Pledges and grants receivable | $1,367,606 |
| 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 | $2,938 |
| 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 | $4,415,013 |
| Accounts payable and accrued expenses | $4,786 |
| 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 | $28,286 |
| Total liabilities | $33,072 |
| Net assets without donor restrictions | $3,014,335 |
| Net assets with donor restrictions | $1,367,606 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,415,013 |
Grants Awarded
Over the last fiscal year, Ole Education Fund has awarded $35,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEACHING SOLUTIONS PURPOSE: tech assistance | $14,850 |
Albuquerque, NM PURPOSE: organize workers | $10,350 |
Albuquerque, NM PURPOSE: organize workers | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Ole Education Fund has recieved totaling $1,064,923.
| Awarding Organization | Amount |
|---|---|
Alliance For Early Success Washington, DC | | $200,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $125,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $106,500 |
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $100,000 |
Overbrook Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Casa Dallas, TX | $30,963,048 | $9,714,958 |
Alliance For Children Inc Fort Worth, TX | $17,892,106 | $11,677,200 |
Ft Bend County Child Advocates Inc Rosenberg, TX | $14,275,425 | $6,501,042 |
Yaqeen Research Institute Inc Irving, TX | $5,773,689 | $7,284,666 |
Aclu Foundation Of Texas Inc Houston, TX | $5,277,984 | $4,484,403 |
Child Advocates San Antonio San Antonio, TX | $9,203,968 | $7,851,792 |
Casa Of Tarrant County Inc Fort Worth, TX | $2,771,258 | $3,538,931 |
Rocky Mountain Immigrant Advocacy Network Westminster, CO | $4,053,452 | $3,907,472 |
Muslim Legal Fund Of America Richardson, TX | $1,216,901 | $3,203,962 |
The Childrens Advocacy Center Of Greater West Texas Inc San Angelo, TX | $12,535,122 | $2,462,185 |
Casa Of Central Texas Inc New Braunfels, TX | $3,870,041 | $2,653,513 |
Colorado Immigrant Rights Coalition Denver, CO | $1,316,967 | $1,578,969 |