Oklahoma Education Association
- Assets
- $8.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Oklahoma City, OK
- Founding
- 10/1938
- Data as of
- 08/2023
- EIN
- 73-0384310
Organization Overview
Oklahoma Education Association is located in Oklahoma City, OK. The organization was established in 1938. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 08/2023, Oklahoma Education Association employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Education Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Oklahoma Education Association generated $7.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $7.3m during the year ending 08/2023. While expenses have increased by 3.0% 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
TO ADVOCATE FOR EDUCATION PROFESSIONALS AND TO UNITE OUR MEMBERS AND THE PEOPLE OF OKLAHOMA TO FULFILL THE PROMISE OF PUBLIC EDUCATION TO PREPARE EVERY STUDENT TO SUCCEED IN A DIVERSE AND INTERDEPENDENT WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING EDUCATION PROFESSIONALS IN THE STATE OF OKLAHOMA THROUGH RESEARCH, PROFESSIONAL DEVELOPMENT, LEGAL PROTECTION, AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittany Arnold Director | Trustee | 1 | $0 |
Courtney Baldwin Director | Trustee | 1 | $0 |
Meagan Barth Director | Trustee | 1 | $0 |
Angela Baumann Director | Trustee | 1 | $0 |
Brian Berg Director | Trustee | 1 | $0 |
Frank Brazwell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carter Chevrolet Agency Llc Vehicles | 8/30/23 | $254,547 |
Learfield Communications Llc Ou Media | 8/30/23 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,928,594 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,998,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,926,822 |
| Total Program Service Revenue | $0 |
| Investment income | $169,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $132,025 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,378,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $336,975 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,593,676 |
| Pension plan accruals and contributions | $441,737 |
| Other employee benefits | $681,158 |
| Payroll taxes | $232,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,982 |
| Fees for services: Accounting | $31,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,781 |
| Advertising and promotion | $0 |
| Office expenses | $72,298 |
| Information technology | $41,286 |
| Royalties | $0 |
| Occupancy | $176,589 |
| Travel | $250,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417,998 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,209 |
| Insurance | $96,242 |
| All other expenses | $114,553 |
| Total functional expenses | $7,282,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,969 |
| Savings and temporary cash investments | $52,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $703,510 |
| 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 | $66,308 |
| Net Land, buildings, and equipment | $1,428,579 |
| Investments—publicly traded securities | $4,632,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,125,764 |
| Total assets | $8,162,478 |
| Accounts payable and accrued expenses | $612,320 |
| Grants payable | $0 |
| Deferred revenue | $20,057 |
| 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 | $986,347 |
| Total liabilities | $1,618,724 |
| Net assets without donor restrictions | $5,033,679 |
| Net assets with donor restrictions | $1,510,075 |
| 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 | $8,162,478 |