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Nonprofiteer
← OKLAHOMA PUBLIC SCHOOL RESOURCE CENTER EIGO INC

Form 990 for tax year 2023

Filed by OKLAHOMA PUBLIC SCHOOL RESOURCE CENTER EIGO INC.

Totals

Total revenue
$1,325,000
Total expenses
$864,196
Contributions and grants received
$1,325,000
Grants paid
$860,494
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,042,235
Total liabilities, end of year
$5,100
Net assets or fund balances, end of year
$1,037,135
Program services expenses (Part IX)
$860,494
Management and general expenses
$3,702
Fundraising expenses
$0
Program service expenses (Part III)
$860,494

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,325,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $860,494 · program services $860,494

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11g · Fees: other

    total $35 · management and general $35

  • 24a · Other expenses: SMALL EQUIPMENT

    total $1,067 · management and general $1,067

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,831 · end of year $290,235

  • 3 · Pledges and grants receivable

    beginning of year $313,000 · end of year $752,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500 · end of year $5,100

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $586,331 · end of year $1,037,135

Mission and programs · 2023

Mission

THE CATALYST ED FUND (CEF) IS A UNIQUE TAX CREDIT PROGRAM THAT ALLOWS BUSINESSES TO DIRECTLY SUPPORT INNOVATIVE EDUCATIONAL PROGRAMS IN OKLAHOMA'S RURAL PUBLIC SCHOOLS. THESE FUNDS WILL SIGNIFICANTLY IMPACT PUBLIC SCHOOLS' ABILITY TO DELIVER AN EXCELLENT EDUCATION TO STUDENTS IN OKLAHOMA'S RURAL PUBLIC SCHOOL.

  • GRANTS PROVIDED TO ELIGIBLE MEMBER SCHOOLS.

    Expenses $860,494 · Grants $860,494

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brent Bushey

    EXECUTIVE DIRECTOR

    Total calculated
    $178,283
    From this org
    $0
    From related orgs
    $153,834
    Other
    $24,449
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,834 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,188 related
    Nontaxable benefits
    $0 + $20,261 related
    Filer's total
    $0 + $178,283 related
  • April Grace

    EXECUTIVE DIRECTOR

    Total calculated
    $3,602
    From this org
    $0
    From related orgs
    $3,602
    Other
    $0
    Hours/week
    1 + 40 related
  • Adrian Beverage

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Scott Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • WASHINGTON PUBLIC SCHOOL

    $135,360

    SCHOOL OPERATIONS

  • SCHOOL OPERATIONS

  • SCHOOL OPERATIONS

  • NORMAN PUBLIC SCHOOL

    $100,000

    SCHOOL OPERATIONS

  • SCHOOL OPERATIONS

  • DRUMRIGHT PUBLIC SCHOOL

    $85,360

    SCHOOL OPERATIONS

  • CANUTE PUBLIC SCHOOL

    $77,600

    SCHOOL OPERATIONS

  • BOISE CITY PUBLIC SCHOOL

    $50,000

    SCHOOL OPERATIONS

  • MCLOUD PUBLIC SCHOOL

    $50,000

    SCHOOL OPERATIONS

  • RINGWOOD PUBLIC SCHOOL

    $30,000

    SCHOOL OPERATIONS

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501359349309635

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