Form 990 for tax year 2024
Filed by OKLAHOMA EDUCATIONAL TECHNOLOGY TR.
Totals
- Total revenue
- $2,599,462
- Total expenses
- $2,277,729
- Contributions and grants received
- $0
- Grants paid
- $1,867,500
- Program service revenue
- $0
- Investment income
- $2,599,462
- Other revenue
- $0
- Total assets, end of year
- $44,299,565
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $44,299,565
- Program services expenses (Part IX)
- $2,034,000
- Management and general expenses
- $243,729
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,034,000
Program services were 89.3% 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.
-
3 · Investment income
total $1,282,168 · excluded $1,282,168
-
7a · Gross sales of assets other than inventory
securities $6,711,217
-
7b · Less cost or other basis and sales expenses
securities $5,393,923
-
7c · Gain or loss
securities $1,317,294
-
7d · Net gain or loss
total $1,317,294 · excluded $1,317,294
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,867,500 · program services $1,867,500
-
11a · Fees: management
total $277,500 · program services $166,500 · management and general $111,000
-
11c · Fees: accounting
total $9,500 · management and general $9,500
-
11f · Fees: investment management
total $109,832 · management and general $109,832
-
23 · Insurance
total $12,391 · management and general $12,391
-
24a · Other expenses: BANK CHARGES
total $1,006 · management and general $1,006
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $73,160 · end of year $32,843
-
2 · Savings and temporary cash investments
beginning of year $697,676 · end of year $253,195
-
11 · Investments: publicly traded securities
beginning of year $42,266,843 · end of year $44,013,527
-
27 · Net assets without donor restrictions
beginning of year $43,037,679 · end of year $44,299,565
Mission and programs · 2024
Mission
TO PROVIDE FUNDING FOR THE PURCHASE,INSTALLATION, AND MAINTENANCE OF INFORMATION TECHNOLOGY IN THE COMMON AND CAREERTECH SCHOOLS OF THE STATE OF OKLAHOMA; AND TO PROVIDES PROFESSIONAL DEVELOPMENT TO THE SCHOOLS TO ASSIST THEM WITH INTEGRATING THE TECHNOLOGY INTO THEIR CLASSROOMS.
Activities or mission (Part I)
TO PROVIDE FUNDING FOR THE PURCHASE, INSTALLATION, AND MAINTENANCE OF INFORMATION TECHNOLOGY IN THE COMMON AND CAREERTECH SCHOOLS OF THE STATE OF OKLAHOMA AND TO PROVIDE PROFESSIONAL DEVELOPMENT TO THE SCHOOLS TO ASSIST THEM WITH INTEGRATING THE TECHNOLOGY INTO THEIR CLASSROOMS.
-
PHASE II GRANTS GAVE 21 SCHOOLS/DISTRICTS 40,000 EACH TO IMPROVE STUDENT ACHIEVEMENT BY DEVELOPING PROFESSIONAL LEARNING COMMUNITIES USING TECHNOLOGY AS A TOOL IN AUTHENTIC LESSONS. THE GRANTS' IMPACT IN 2024; 703 TEACHERS AND 9,821 STUDENTS.
Expenses $1,006,500 · Grants $840,000
-
PHASE II SCHOOLS/DISTRICTS ALSO RECEIVED PROFESSIONAL DEVELOPMENT VALUED AT 25,476 PER SCHOOL. THIS TRAINING FOCUSES ON THE SPECIFIC NEEDS OF THAT SCHOOL AND COMMUNITY. THE GRANTS' IMPACT IN 2024; 703 TEACHERS; 9,821 STUDENTS.
Expenses $802,500 · Grants $802,500
-
PHASE I GRANTS PROVIDED A THREE DAY LEADERSHIP SEMINAR THAT TRAINED SUPERINTENDENTS AND ADMINISTRATORS IN COMMON SCHOOLS IN THE PRACTICES OF HIGH ACHIEVING SCHOOLS AND HOW TO INTEGRATE TECHNOLOGY SEAMLESSLY INTO THE SCHOOLS' CURRICULUM DELIVERY. THE LEADERSHIP SEMINAR HAD 104 PARTICIPANTS FOR THE 2024 GRANT CYCLE.
Expenses $225,000 · Grants $225,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Glen AbshereGLEN ABSHERE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scout AnvarSCOUT ANVAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ann BandyANN BANDY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce DemuthBRUCE DEMUTH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Josh McFarlandJOSH MCFARLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott ParksSCOTT PARKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Joe SianoDR JOE SIANO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bob StaffordBOB STAFFORD
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark VancurrenMARK VANCURREN
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.
Grants on this return
-
UNIVERSITY OF OKLAHOMA
$267,500
EDUCATION
-
UNIVERSITY OF OKLAHOMA
$267,500
EDUCATION
-
UNIVERSITY OF OKLAHOMA
$267,500
EDUCATION
-
UNIVERSITY OF OKLAHOMA
$75,000
EDUCATION
-
UNIVERSITY OF OKLAHOMA
$75,000
EDUCATION
-
UNIVERSITY OF OKLAHOMA
$75,000
EDUCATION
-
ALVA HIGH SCHOOL
$40,000
EDUCATION
-
ALVA PUBLIC SCHOOLS
$40,000
EDUCATION
-
ANDERSON ELEMENTARY SCHOOL
$40,000
EDUCATION
-
BETHANY PUBLIC SCHOOLS
$40,000
EDUCATION
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202521699349301752
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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