Oklahoma School Of Science Mathematics Foundation
- Assets
- $17.5m
- Revenue
- $1.3m
- Investments
- $497.8k
- Employees
- 1
- Location
- Oklahoma City, OK
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 73-1401430
Organization Overview
Oklahoma School Of Science Mathematics Foundation is located in Oklahoma City, OK. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma School Of Science Mathematics 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 12/2021, Oklahoma School Of Science Mathematics Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $722.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
1. TO SUPPORT AND FOSTER THE OKLAHOMA SCHOOL OF SCIENCE AND MATHEMATICS IN ITS GOAL OF FURTHERING THE EDUCATIONAL DEVELOPMENT OF OKLAHOMA STUDENTS WHO ARE ACADEMICALLY TALENTED IN SCIENCE AND MATHEMATICS AND SHOW PROMISE OF EXCEPTIONAL DEVELOPMENT THROUGH PARTICIPATION IN A RESIDENTIAL EDUCATION SETTING EMPHASIZING INSTRUCTION IN THE FIELDS OF SCIENCE AND MATHEMATICS. 2. TO DEVELOP, EVALUATE AND DISSEMINATE INSTRUCTIONAL PROGRAMS. 3. TO SERVE ALL SCHOOLS AND STUDENTS OF THE STATE THROUGH SCHOLARSHIPS, GRANTS, RESEARCH, OUTREACH ACTIVITIES AND TEACHER TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ONGOING FINANCIAL SUPPORT TO THE OKLAHOMA SCHOOL OF SCIENCE AND MATHEMATICS FOR STIPENDS TO ATTRACT AND RETAIN HIGH-CALIBER EDUCATORS AND FOR PROGRAMS TO ENHANCE THE LEARNING EXPERIENCE OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Yh Wang PHD President, Ossm - Ex-Offic | OfficerTrustee | 40 | $30,000 |
Mrssara Brown Chairman | OfficerTrustee | 3 | $0 |
Mr Jerry Burger Secretary | OfficerTrustee | 3 | $0 |
Mr Steven Wood Treasurer | OfficerTrustee | 3 | $0 |
Mrs Katie Gumerson Altshuler Vice Chair | Trustee | 1 | $0 |
Mrs Lissa Gumerson Blaschke Trustee | Trustee | 2 | $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 | $880,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $880,859 |
| Total Program Service Revenue | $0 |
| Investment income | $337,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,285,825 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,740 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,543 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,771 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,448 |
| Insurance | $5,499 |
| All other expenses | $53,624 |
| Total functional expenses | $722,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90 |
| Savings and temporary cash investments | $184,310 |
| Pledges and grants receivable | $11,857 |
| 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 | $88,625 |
| Investments—publicly traded securities | $16,667,605 |
| Investments—other securities | $497,829 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,450,316 |
| 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 | $1,398,463 |
| Net assets with donor restrictions | $16,051,853 |
| 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 | $17,450,316 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Oklahoma School Of Science Mathematics Foundation has recieved totaling $129,545.
| Awarding Organization | Amount |
|---|---|
Sarkeys Foundation Norman, OK PURPOSE: 2023 SARKEYS SUMMER MATH TEACHERS INSTITUTE AT OSSM | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,972 |
The Samuel Roberts Noble Foundation Ardmore, OK PURPOSE: 2022 FACULTY RETENTION "BRIDGE" STIPEND PROGRAM | $15,000 |
Oneok Foundation Inc Tulsa, OK PURPOSE: SCIENTIFIC INSTRUMENT REPLACEMENT FOR CHEMISTRY | $15,000 |
Stone Family Foundation Tulsa, OK PURPOSE: OPERATIONS | $10,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $8,500 |
Endowment Analysis
| Beg. Balance | $12,554,353 |
| Earnings | $1,996,279 |
| Net Contributions | $352,137 |
| Ending Balance | $14,902,769 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Houston Houston, TX | $90,238,589 | $64,032,577 |
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
United Way Of Metropolitan Dallas Inc Dallas, TX | $52,867,984 | $61,265,319 |
United Way Of San Antonio & Bexar County San Antonio, TX | $74,846,616 | $63,219,295 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Mile High United Way Inc Denver, CO | $62,814,897 | $36,182,511 |
The New Horizons Foundation Inc Colorado Springs, CO | $90,565,468 | $42,722,124 |
United Way Of Tarrant County Fort Worth, TX | $18,831,781 | $22,745,265 |
United Way For Greater Austin Austin, TX | $12,924,459 | $23,251,775 |
Tulsa Area United Way Tulsa, OK | $38,352,626 | $26,094,881 |
United Way Of Denton County Inc Denton, TX | $7,662,302 | $25,065,055 |