Form 990 for tax year 2022
Filed by KATHERYNE B PAYNE EDUCATION CENTER.
Totals
- Total revenue
- $822,792
- Total expenses
- $902,860
- Contributions and grants received
- $299,716
- Grants paid
- $0
- Program service revenue
- $429,562
- Investment income
- $44,792
- Other revenue
- $48,722
- Total assets, end of year
- $3,041,589
- Total liabilities, end of year
- $320,902
- Net assets or fund balances, end of year
- $2,720,687
- Program services expenses (Part IX)
- $650,821
- Management and general expenses
- $158,668
- Fundraising expenses
- $93,371
- Program service expenses (Part III)
- $650,821
Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$58,045
-
1f · All other contributions, gifts and grants
$241,671
-
2a · Program service revenue: TUITION & FEES, NET
total $429,562 · related or exempt $429,562
-
3 · Investment income
total $44,597 · excluded $44,597
-
7a · Gross sales of assets other than inventory
securities $93,437
-
7b · Less cost or other basis and sales expenses
securities $93,242
-
7c · Gain or loss
securities $195
-
7d · Net gain or loss
total $195 · related or exempt $195
-
8a · Fundraising events: gross income
$46,783
-
8a · Fundraising events: contributions included on line 1c
$58,045
-
8c · Net income from fundraising events
total $46,783 · excluded $46,783
-
11a · Other revenue: MISCELLANEOUS INCOME
total $1,939 · excluded $1,939
-
11e · Other revenue, total
$1,939
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $81,395 · program services $53,431 · management and general $18,571 · fundraising $9,393
-
7 · Other salaries and wages
total $363,523 · program services $238,616 · management and general $82,956 · fundraising $41,951
-
9 · Other employee benefits
total $24,146 · program services $19,651 · management and general $1,065 · fundraising $3,430
-
10 · Payroll taxes
total $36,407 · program services $23,096 · management and general $7,873 · fundraising $5,438
-
11c · Fees: accounting
total $31,644 · management and general $31,644
-
11g · Fees: other
total $20,623 · program services $16,580 · management and general $4,043
-
12 · Advertising and promotion
total $7,438 · program services $1,450 · fundraising $5,988
-
13 · Office expenses
total $12,911 · program services $7,743 · management and general $4,043 · fundraising $1,125
-
14 · Information technology
total $6,198 · program services $5,163 · management and general $261 · fundraising $774
-
16 · Occupancy
total $79,188 · program services $66,556 · management and general $3,158 · fundraising $9,474
-
17 · Travel
total $43,349 · program services $42,533 · management and general $698 · fundraising $118
-
19 · Conferences, conventions and meetings
total $2,653 · program services $2,435 · management and general $218
-
22 · Depreciation, depletion and amortization
total $10,522 · program services $8,418 · management and general $526 · fundraising $1,578
-
23 · Insurance
total $9,300 · program services $7,440 · management and general $465 · fundraising $1,395
-
24a · Other expenses: CURRICULUM
total $139,022 · program services $139,022
-
24b · Other expenses: MISCELLANEOUS
total $16,360 · program services $3,130 · management and general $1,536 · fundraising $11,694
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $15,744 · program services $14,650 · management and general $251 · fundraising $843
-
24d · Other expenses: TELEPHONE
total $2,437 · program services $907 · management and general $1,360 · fundraising $170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $376,833 · end of year $256,426
-
4 · Accounts receivable
beginning of year $50,775 · end of year $53,513
-
8 · Inventories for sale or use
beginning of year $40,094 · end of year $57,462
-
9 · Prepaid expenses and deferred charges
beginning of year $26,682 · end of year $12,888
-
10a · Land, buildings and equipment: cost or other basis
$170,568
-
10b · Land, buildings and equipment: accumulated depreciation
$163,559
-
10c · Land, buildings and equipment, net
beginning of year $14,782 · end of year $7,009
-
11 · Investments: publicly traded securities
beginning of year $2,122,794 · end of year $2,349,338
-
14 · Intangible assets
beginning of year $4,000 · end of year $1,000
-
15 · Other assets
end of year $303,953
-
17 · Accounts payable and accrued expenses
beginning of year $16,358 · end of year $16,949
-
25 · Other liabilities
beginning of year $1,725 · end of year $303,953
-
27 · Net assets without donor restrictions
beginning of year $1,687,340 · end of year $2,456,137
-
28 · Net assets with donor restrictions
beginning of year $930,537 · end of year $264,550
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO TRAIN TEACHERS TO PREVENT READING DIFFICULTIES IN CHILDREN AND TO REMEDIATE DYSLEXIA WHILE SERVING AS A RESOURCE AND REFERRAL CENTER.
-
THE ORGANIZATION SERVES TEACHERS ACROSS THE STATE OF OKLAHOMA BY TRAINING IN STRUCTURED LITERACY, INCLUDING A FULL RANGE OF LANGUAGE ARTS PROGRAMS AND "SCIENCE OF READING" CURRICULUM PROGRAMS. THE CENTER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTI-SENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL IN TRAINING TEACHERS TO TEACH THE BASIC LANGUAGE SKILLS TO INDIVDUALS WITH LANGUAGE LEARNING DIFFERENCES, PARTICULARLY DYSLEXIA. THE ORGANIZATION WAS ESTABLISHED BY PARENTS SEEKING SOLUTIONS TO THEIR CHILDREN'S READING DIFFICULTIES. THE ORGANIZATION IS COMMITTED TO ENSURING THAT NO CHILD SHOULD STRUGGLE TO READ. FOR THE FISCAL YEAR ENDED AUGUST 31, 2023; 857 INDIVIDUALS WERE TRAINED AND 1,528 REFERRAL SERVICE HOURS WERE PROVIDED BY THE ORGANIZATION.
Expenses $650,821 · Revenue $429,562
As filed on the 2022 return.
Listed in Part VII
-
Heather JohnsonHEATHER JOHNSON
EXECUTIVE DI
- Total calculated
- $81,394
- From this org
- $81,394
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Charlie KnightCHARLIE KNIGHT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Samantha BinaSAMANTHA BINA
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Lauren RieplLAUREN RIEPL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Steve KrauseSTEVE KRAUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Lynne SchonacherLYNNE SCHONACHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Dave AbelnDAVE ABELN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Ricard V SmithRICARD V SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Diane StoutDIANE STOUT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Cole OsborneCOLE OSBORNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Lucia FrolingLUCIA FROLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Tressa WilsonTRESSA WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421969349300007
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