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← OCS FOUNDATION INC

Form 990 for tax year 2024

Filed by OCS FOUNDATION INC.

Totals

Total revenue
$2,559,138
Total expenses
$2,216,680
Contributions and grants received
$2,451,934
Grants paid
$2,195,880
Program service revenue
$0
Investment income
$107,204
Other revenue
$0
Total assets, end of year
$6,392,647
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,392,647
Program services expenses (Part IX)
$2,195,880
Management and general expenses
$0
Fundraising expenses
$20,800
Program service expenses (Part III)
$2,195,880

Program services were 99.1% 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.

  • 1f · All other contributions, gifts and grants

    $2,451,934

  • 3 · Investment income

    total $107,204 · unrelated business $0 · excluded $107,204

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,195,880 · program services $2,195,880

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $20,800 · program services $0 · management and general $0 · fundraising $20,800

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $874,425 · end of year $2,389,614

  • 3 · Pledges and grants receivable

    beginning of year $1,693,215 · end of year $1,280,170

  • 11 · Investments: publicly traded securities

    beginning of year $3,352,103 · end of year $2,722,863

  • 27 · Net assets without donor restrictions

    beginning of year $3,167,842 · end of year $3,655,516

  • 28 · Net assets with donor restrictions

    beginning of year $2,751,901 · end of year $2,737,131

Mission and programs · 2024

Mission

ESTABLISH AND MAINTAIN A CLOSE RELATIONSHIP & COOPERATION WITH THE FAMILIES OF CURRENT AND FORMER STUDENTS OF OKLAHOMA CHRISTIAN SCHOOLS IN AN EFFORT TO SERVE IN FULFILLING THE PROGRAMS AND PROJECTS OF THE SCHOOL.

  • DONATIONS TO OKLAHOMA CHRISTIAN SCHOOLS, INC. TO SUPPORT THE SCHOOL AND THEIR PURPOSES.

    Expenses $2,195,880 · Grants $2,195,880

As filed on the 2024 return.

Listed in Part VII

  • Al King

    PRESIDENT

    Total calculated
    $170,141
    From this org
    $0
    From related orgs
    $150,014
    Other
    $20,127
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $150,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,197 related
    Nontaxable benefits
    $0 + $14,930 related
    Filer's total
    $0 + $170,141 related

  • Trent Frieberg

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Heather Watson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicole Lombardo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kerrie Mollet

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 7
BONUSES ARE PAID AT THE DISCRETION OF THE BOARD.

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

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
2024
Filed
23 April 2026
IRS schema version
2024v5.2
Source object
202601139349301340

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