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Nonprofiteer
← FOUNDATION FOR TULSA SCHOOLS

Form 990 for tax year 2023

Filed by FOUNDATION FOR TULSA SCHOOLS.

Totals

Total revenue
$1,874,730
Total expenses
$4,530,242
Contributions and grants received
$1,636,594
Grants paid
$3,936,081
Program service revenue
$3,514
Investment income
$387,938
Other revenue
-$153,316
Total assets, end of year
$10,018,818
Total liabilities, end of year
$52,372
Net assets or fund balances, end of year
$9,966,446
Program services expenses (Part IX)
$4,033,383
Management and general expenses
$336,936
Fundraising expenses
$159,923
Program service expenses (Part III)
$4,033,383

Program services were 89.0% 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

    $321,449

  • 1f · All other contributions, gifts and grants

    $1,315,145

  • 2a · Program service revenue: BOOK SALES

    total $3,514 · related or exempt $3,514

  • 3 · Investment income

    total $395,309 · excluded $395,309

  • 7a · Gross sales of assets other than inventory

    securities $287,255

  • 7b · Less cost or other basis and sales expenses

    securities $294,626

  • 7c · Gain or loss

    securities -$7,371

  • 7d · Net gain or loss

    total -$7,371 · excluded -$7,371

  • 8a · Fundraising events: gross income

    $25,970

  • 8a · Fundraising events: contributions included on line 1c

    $321,449

  • 8b · Fundraising events: direct expenses

    $179,286

  • 8c · Net income from fundraising events

    total -$153,316 · excluded -$153,316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,936,081 · program services $3,936,081

  • 5 · Compensation of officers, directors and key employees

    total $176,701 · program services $42,863 · management and general $64,727 · fundraising $69,111

  • 7 · Other salaries and wages

    total $167,090 · program services $40,532 · management and general $61,206 · fundraising $65,352

  • 8 · Pension plan contributions

    total $8,054 · program services $1,954 · management and general $2,950 · fundraising $3,150

  • 9 · Other employee benefits

    total $19,981 · program services $4,847 · management and general $7,319 · fundraising $7,815

  • 10 · Payroll taxes

    total $25,822 · program services $6,263 · management and general $9,460 · fundraising $10,099

  • 11a · Fees: management

    total $626 · management and general $626

  • 11b · Fees: legal

    total $12,206 · management and general $12,206

  • 11c · Fees: accounting

    total $48,180 · management and general $48,180

  • 11f · Fees: investment management

    total $9,967 · management and general $9,967

  • 12 · Advertising and promotion

    total $54,920 · management and general $54,920

  • 13 · Office expenses

    total $14,165 · management and general $14,165

  • 14 · Information technology

    total $2,706 · management and general $2,706

  • 16 · Occupancy

    total $9,122 · management and general $9,122

  • 17 · Travel

    total $3,620 · management and general $3,620

  • 19 · Conferences, conventions and meetings

    total $3,434 · management and general $3,434

  • 22 · Depreciation, depletion and amortization

    total $1,545 · management and general $1,545

  • 23 · Insurance

    total $1,707 · program services $414 · management and general $625 · fundraising $668

  • 24a · Other expenses: PROFESSIONAL DUES

    total $22,615 · management and general $22,615

  • 24b · Other expenses: STEWARSHIP AND GIFTS

    total $3,728 · fundraising $3,728

  • 24c · Other expenses: BANK CHARGES

    total $3,085 · management and general $3,085

  • 24d · Other expenses: MISCELLANEOUS

    total $2,994 · management and general $2,994

  • 24e · All other expenses

    total $1,893 · program services $429 · management and general $1,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $782,543 · end of year $237,954

  • 2 · Savings and temporary cash investments

    beginning of year $5,581,820 · end of year $5,947,758

  • 4 · Accounts receivable

    beginning of year $4,215,844 · end of year $1,649,404

  • 7 · Other notes and loans receivable

    beginning of year $3,320 · end of year $3,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,277 · end of year $3,718

  • 10a · Land, buildings and equipment: cost or other basis

    $21,107

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,023

  • 10c · Land, buildings and equipment, net

    beginning of year $745 · end of year $6,084

  • 11 · Investments: publicly traded securities

    beginning of year $1,902,745 · end of year $2,154,284

  • 12 · Investments: other securities

    beginning of year $14,644 · end of year $16,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,972 · end of year $52,372

  • 27 · Net assets without donor restrictions

    beginning of year $2,125,274 · end of year $2,644,725

  • 28 · Net assets with donor restrictions

    beginning of year $10,330,692 · end of year $7,321,721

Mission and programs · 2023

Mission

FOUNDATION FOR TULSA SCHOOLS WAS ESTABLISHED TO BUILD A BETTER COMMUNITY THROUGH THE SUPPORT OF TULSA PUBLIC SCHOOLS.

Activities or mission (Part I)

FOUNDED IN 2001, THE FOUNDATION FOR TULSA SCHOOLS WAS ESTABLISHED TO SUPPORT THE STUDENTS, TEACHERS, AND LEADERS OF TULSA PUBLIC SCHOOLS WITH THE SINGULAR MISSION OF BUILDING A BETTER COMMUNITY THROUGH THE SUPPORT OF TULSA PUBLIC SCHOOLS.THE FOUNDATION BELIEVES THAT COMMUNITY ENGAGEMENT AND COMMITMENT TO EDUCATION ARE FUNDAMENTAL TO THE SUCCESS OF OUR STUDENTS AND THAT A STRONG PUBLIC EDUCATION SYSTEM IS CENTRAL TO THE SUCCESS AND FUTURE PROSPERITY OF TULSA.THE WORK OF THE FOUNDATION IS GUIDED BY THREE FUNDAMENTAL PILLARS, ENCOURAGING AND ENGAGING STUDENTS, INSPIRING AND SUPPORTING EDUCATORS, AND SUPPORTING SCHOOLS AND THE DISTRICT.THE FOUNDATION FOR TULSA SCHOOLS IS HONORED TO BE A CHAMPION FOR TPS STUDENTS, TEACHERS, AND STAFF. WE SERVE AS A BRIDGE BETWEEN THOSE WHO ARE PASSIONATE ABOUT PUBLIC EDUCATION AND THOSE WHO LEARN IN, TEACH AT, AND SUPPORT OUR SCHOOLS.

  • SUPPORT TPS - PROVIDE FUNDING FOR TPS PRIORITIES AND STRATEGIES

    Expenses $2,104,937 · Grants $2,008,064

  • SUPPORT TPS - PROVIDE FUNDING FOR INNOVATIVE PARTNERS PROGRAMS

    Expenses $1,343,820 · Grants $1,343,820

  • SUPPORT TPS - CARES ENROLLMENT

    Expenses $532,434 · Grants $532,434

  • FTS PROGRAMS: PARTNERS IN EDUCATION, EXPLORE OKLAHOMA, GRANTS FOR GREAT IDEAS, DISCRETIONARY FUNDS

    Expenses $51,763 · Grants $51,763

  • THE ORGANIZATION PUBLISHED A CHILDREN'S BOOK THAT IS CURRENTLY FOR SALE AT A HANDFUL OF LOCAL PARTNER RETAIL LOCATIONS AS WELL AS THROUGH THE FOUNDATION'S WEBSITE. FOR EVERY BOOK SOLD, THE FOUNDATION PLANS TO PROVIDE A BOOK TO INCOMING PRE-K FAMILIES. THE FOUNDATION BEGAN THE CREATION OF ITS 2ND CHILDREN'S BOOK. THE BOOK WAS FINALIZED AND PUBLISHED IN DECEMBER 2021 AND IS CURRENTLY FOR SALE AT RETAIL LOCATIONS AND THROUGH THE FOUNDATION'S WEBSITE.

    Expenses $429 · Revenue $3,514

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

Listed in Part VII

  • WHITNEY STAUFFER

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DWAYNE RURY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARY SPEARS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICK KELLY

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DREW FRANCE

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • MOLLY ASPAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TEIL BLACKSHARE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEFFANIE BONNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY BRUTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETE BURGESS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY FAULKNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARON FULKERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JP GONZALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH GOULD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDIE HACKEROTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAGGIE HILLE YAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LACHELLE KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARED KUYKENDALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MONROE NICHOLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK PLANK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL REGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN SHERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANESE SLATON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNIE TOMECEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEY WIGNARAJAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MOISES ECHEVERRIA ASHWORTH

    PRESIDENT AND CEO

    Total calculated
    $176,700
    From this org
    $150,000
    From related orgs
    $0
    Other
    $26,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $7,500
    Nontaxable benefits
    $19,200
    Filer's total
    $176,700

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202501349349313950

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