Form 990 for tax year 2023
Filed by KATHERYNE B PAYNE EDUCATION CENTER.
Totals
- Total revenue
- $857,772
- Total expenses
- $831,392
- Contributions and grants received
- $366,400
- Grants paid
- $0
- Program service revenue
- $256,291
- Investment income
- $151,794
- Other revenue
- $83,287
- Total assets, end of year
- $3,222,507
- Total liabilities, end of year
- $282,027
- Net assets or fund balances, end of year
- $2,940,480
- Program services expenses (Part IX)
- $655,838
- Management and general expenses
- $83,531
- Fundraising expenses
- $92,023
- Program service expenses (Part III)
- $655,838
Program services were 78.9% 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
$68,286
-
1f · All other contributions, gifts and grants
$298,114
-
2a · Program service revenue: TUITION AND FEES, NET
total $256,291 · related or exempt $256,291
-
3 · Investment income
total $55,533 · related or exempt $6,986 · excluded $48,547
-
7a · Gross sales of assets other than inventory
securities $429,919
-
7b · Less cost or other basis and sales expenses
securities $333,658
-
7c · Gain or loss
securities $96,261
-
7d · Net gain or loss
total $96,261 · related or exempt $96,261
-
8a · Fundraising events: contributions included on line 1c
$68,286
-
10a · Gross sales of inventory
$83,229
-
10c · Net income from sales of inventory
total $83,229 · excluded $83,229
-
11a · Other revenue: MISCELLANEOUS INCOME
total $58 · excluded $58
-
11e · Other revenue, total
$58
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $414,886 · program services $338,478 · management and general $20,810 · fundraising $55,598
-
8 · Pension plan contributions
total $4,109 · program services $3,352 · management and general $206 · fundraising $551
-
9 · Other employee benefits
total $20,516 · program services $16,737 · management and general $1,022 · fundraising $2,757
-
10 · Payroll taxes
total $33,151 · program services $27,045 · management and general $1,664 · fundraising $4,442
-
11c · Fees: accounting
total $29,697 · management and general $29,697
-
11g · Fees: other
total $9,178 · program services $5,149 · management and general $4,029
-
12 · Advertising and promotion
total $9,161 · program services $975 · fundraising $8,186
-
13 · Office expenses
total $17,646 · program services $9,494 · management and general $7,430 · fundraising $722
-
14 · Information technology
total $5,805 · program services $4,734 · management and general $660 · fundraising $411
-
16 · Occupancy
total $72,447 · program services $56,172 · management and general $9,870 · fundraising $6,405
-
17 · Travel
total $35,462 · program services $35,019 · management and general $354 · fundraising $89
-
19 · Conferences, conventions and meetings
total $12,132 · program services $12,077 · management and general $55
-
22 · Depreciation, depletion and amortization
total $7,616 · program services $5,928 · management and general $915 · fundraising $773
-
23 · Insurance
total $10,133 · program services $7,831 · management and general $1,402 · fundraising $900
-
24a · Other expenses: CURRICULUM
total $106,527 · program services $106,527
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $22,374 · program services $9,222 · management and general $2,708 · fundraising $10,444
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $17,644 · program services $16,164 · management and general $842 · fundraising $638
-
24d · Other expenses: TELEPHONE
total $2,908 · program services $934 · management and general $1,867 · fundraising $107
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $256,426 · end of year $352,363
-
4 · Accounts receivable
beginning of year $53,513 · end of year $44,050
-
8 · Inventories for sale or use
beginning of year $57,462 · end of year $86,140
-
9 · Prepaid expenses and deferred charges
beginning of year $12,888 · end of year $23,825
-
10a · Land, buildings and equipment: cost or other basis
$172,138
-
10b · Land, buildings and equipment: accumulated depreciation
$170,174
-
10c · Land, buildings and equipment, net
beginning of year $7,009 · end of year $1,964
-
11 · Investments: publicly traded securities
beginning of year $2,349,338 · end of year $2,464,338
-
14 · Intangible assets
beginning of year $1,000
-
15 · Other assets
beginning of year $303,953 · end of year $249,827
-
17 · Accounts payable and accrued expenses
beginning of year $16,949 · end of year $32,200
-
25 · Other liabilities
beginning of year $303,953 · end of year $249,827
-
27 · Net assets without donor restrictions
beginning of year $2,456,137 · end of year $2,536,646
-
28 · Net assets with donor restrictions
beginning of year $264,550 · end of year $403,834
Mission and programs · 2023
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, 2024; 863 INDIVIDUALS WERE TRAINED, 1,468 REFERRAL SERVICE HOURS WERE PROVIDED BY THE ORGANIZATION AND 2,768 TUTORING STUDENTS WITH READING DISABILITIES AND/OR DYSLEXIA. 49% OF STUDENTS RECEIVING TUTORING SERVICES LIVE BELOW THE POVERTY LINE.
Expenses $655,838 · Revenue $256,291
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHARLIE KNIGHT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
SAMANTHA BINA
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
DAVE ABELN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
LUCIA FROLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
STEVE KRAUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
COLE OSBORNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
LAUREN RIEPL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
LYNNE SCHONACHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
RICARD V SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
DIANE STOUT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
TRESSA 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
- 2023
- Filed
- 26 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501469349300310
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