Oklahoma School of Science and Mathematics Foundation

Transcription

1 Oklahoma School of Science and Mathematics Foundation Nonprofit Profile Contact Information Nonprofit Address Oklahoma School of Science and Mathematics Foundation 1141 North Lincoln Boulevard Oklahoma City, OK Oklahoma County Phone (405) Fax Website Contact Name Pam Felactu Contact Alternate Phone At a Glance Organization's type of tax exempt status Organization Does Business As (DBA) Supporting Organization Public Supported Charity OSSM Oklahoma School of Science and Math School of Science and Math OK School of Science and Math OK School of Science and Mathematics Oklahoma School of Science and Mathematics Year Founded 1992 IRS Ruling Year

2 Registered with the Secretary of State? State Registration Expiration Feb 2015 Other ways to donate support, or volunteer Donate online at Mail check payable to OSSM Foundation to 1141 N. Lincoln Blvd., Oklahoma City, OK Set up recurring credit card donations with Development Office at (405) To make in-kind donation: Please coordinate with Director of Development at (405) To Volunteer: Please contact Director of Development at (405) or Director of Admissions at (405) Legacy Giving notification or questions: Please contact Director of Development at (405) Thank you for your support! Statements Mission Fostering educational development of students with exceptional potential and interest in science and mathematics and serving all Oklahoma schools/students through research, teacher training and outreach. 2

3 Background The Oklahoma School of Science and Mathematics (OSSM) is a state funded, residential high school for students with exceptional ability in science and math who plan to pursue careers in science and technology. Tuition, room and board, and books are provided for accepted Oklahoma residents by the State of Oklahoma. Students from across the state typically apply to OSSM during their sophomore year at their home high schools. Admission is a highly competitive process initiated by written application. Some young people apply each year for some places. The admissions committee examines multiple criteria including standardized test scores, previous grades, academic recommendations from teachers, principals, and counselors, and special talents and accomplishments. Semifinalists are interviewed by review committees before the final selection is determined. Students have been admitted from all of Oklahoma s 77 counties. Typically, about a third come from urban areas (pop. >50,000) and the rest come from rural areas of Oklahoma. All courses taught at OSSM, with the exception of Physical Education and Fine Arts, are college level classes. Biology offerings include such courses as Human Anatomy and Physiology, Ecology, Molecular and Cellular Biology, Botany, Histology, and Endocrinology. Chemistry selections include Organic Chemistry, Analytical Chemistry, Biochemistry, Polymers, and Nuclear Chemistry. The Physics Department teaches General Physics, Modern Physics, Electronics, Mechanics, Electricity and Magnetism, and Astronomy. Math courses range from Pre-Calculus through Multivariate Calculus. There is also a wide range of computer science courses, earth sciences, humanities, and foreign language including Latin, Russian, German, French, Spanish, Chinese, and Japanese. Students are required to take a minimum of seven classes a semester and to take two years of Physical Education and complete 60 hours of community service. Many find time to participate in OSSM s Mentorship Program that gives them the opportunity to do concentrated research or project development under the direction of professionals in the scientific community. Courses are taught by an ethnically diverse, accomplished, dedicated faculty most of whom hold doctorates in their fields and have taught at the college level. The late Dr. Julian Stanley, a nationally known expert on gifted education, called OSSM the most rigorous academic program of its kind in the nation. This is evidenced by the success of OSSM students in national and international academic competitions and by the aggressive recruitment efforts of some of the nation's most prestigious universities. In addition to many other academic awards and accomplishments, OSSM graduates include many hundreds of National Merit Finalists and Commended Students, more than 225 Robert C. Byrd Scholars, nearly 100 Oklahoma Foundation for Excellence Academic All-State Scholars, more than 550 Oklahoma State Regents Scholars, some 35 Oklahoma Medical Research Foundation Fleming Scholars, and six National Presidential Scholars. OSSM graduates have received scholarship offers in excess of $108 million. Before ACT officials stopped making school ranking information available to the public, the OSSM Classes of 1998 and 2000 achieved the highest composite ACT scores in the United States in the years they graduated. OSSM is located on a 32-acre campus in Oklahoma City. A renovated Oklahoma City public school holds classes, and students live in the Dan Little Residence Hall, opened in early The school s gymnasium opened in March of 1999, and the Samson Science and Discovery Center, which houses physics and chemistry teaching labs, research labs, and faculty offices, opened in The Senator Bernice Shedrick Library, opened in 2002, holds 50,000 volumes and provides space for administrative offices. An addition to the residence hall completed in 2014 doubled OSSM's capacity to house additional students as the Oklahoma Legislature allows. 3

4 Impact OSSM helps Oklahoma students talented in math and science develop their skills to the highest degree possible in high school and beyond. Since OSSM is a public school charging no tuition or fees, students are selected without regard to family financial resources. OSSM alumni, in turn, are steadily strengthening Oklahoma s resources in science, technical, engineering, and mathematics (STEM) fields and contributing substantially to our state s economic development. As of June 2014, OSSM has graduated 1,407 students since Approximately one-half of them are still involved in completing their educational and professional training. The following describes the who have been out of OSSM long enough to complete at least one degree: 85% have stayed in a technical field for their chosen profession More than half stayed in Oklahoma for undergraduate education More than half who have completed a degree and have entered the work force are working in Oklahoma Ten have started their own businesses in Oklahoma More than 300 are practicing engineers More than 100 have earned MD degrees More than 50 have earned PhD degrees More than 20 have earned DO, PharmD, DDS, or DVM degrees More than 30 have earned JD degrees OSSM alumni are teaching at the University of Oklahoma, MIT, Stanford, Michigan, USAFA, USAFIT, Johns Hopkins College of Medicine, Wake Forest College of Medicine, Southern Utah University, The Citadel, UC Berkeley, UC Merced, Duke University Medical Center, and other of our country s finest institutions of higher learning Several are serving in ministry More than 75 are serving or have served in the US Armed Forces Needs General Operating to take on more Oklahoma students Faculty Endowment Annual Faculty Stipend Fund Fine Arts Program Equipment Needs 4

5 CEO/Executive Director Statement OSSM President Dr. Frank Wang s major goals continue to be: 1) to maintain and build upon the solid foundation of academic excellence for which OSSM is known; 2) to find ways OSSM can generate revenues and be more fiscally self-sufficient; and 3) to find ways OSSM can impact and benefit more students, especially those areas of the state where advanced math and science instruction may not be readily available For example, OSSM opened a Virtual Regional Center this school year whereby students receive live instruction via readily available and free video conferencing software like Skype. Uniquely, this instruction is combined with full hands-on labs conducted in person with all students by our traveling instructor at least once a month. One Virtual Regional Center student, the son of farmers in Medford, was the only student in the state to be accepted this year by both Harvard and Yale. Being a hands on person, Dr. Wang personally drove to the young man s school in Blackwell to help him prepare for the AP Calculus exam at the beginning of May. To become more self-sufficient, OSSM is developing high-end residential summer programs for paying students. We are so grateful to Williams Companies for making scholarships available for Oklahoma students with limited family resources to attend this week at the end of July filled with academic challenge and fun. Also, OSSM will be allowing paying students from out-of-state to attend OSSM during the regular school year on a limited basis (maximum 10% of our enrollment). This is developing very slowly with perhaps just 1-2 students signing up for the academic year. We anticipate these numbers will grow steadily as word spreads of positive experiences by non-resident students. The goal here is to charge out-of-staters a premium and to use the monies to expand opportunities for Oklahoma students. No Oklahoma student will lose their place In fact, funds earned through this program will help OSSM fill budget gaps and allow OSSM to serve more Oklahoma resident students! Please read Oklahoma Medical Research Foundation (OMRF) president Stephen Prescott s recent Op-Ed piece in the Sunday Oklahoman titled The Business of Health: Nerds: The Fuel for Oklahoma s Economic Engine. Most of our students stay in Oklahoma for college and career. A recent independent study by Oklahoma City University finds our graduates stimulating some $40 million annually in economic activity in Oklahoma. OSSM is an economic engine for our state! Board Chair Statement Ask OSSM graduates about the most important things OSSM taught them and you will most often hear them express: astonishment to learn what they were really capable of; pleasure and confidence from being deeply challenged as they had never been before and meeting those challenges successfully; joy in learning to learn for its own sake; and amazement at possibilities for their futures they did not know existed. OSSM helps students with innate talent for math and science develop that potential as far as they possibly can in high school and beyond. That, without doubt, is win-win for us all! Area Served Area Served Geographic Area Served Oklahoma - Statewide 5

6 OSSM serves all Oklahoma schools and students through math contests, research, teacher training and outreach activities. Students from across the state apply competitively to attend OSSM's two-year residential program in Oklahoma City. Hundreds of others attend half-day programs at OSSM Regional Centers housed in 13 Career Techs around the state that offer Calculus and Calculus-based Physics to students who want to remain in their home communities. Service Categories Primary Organizational Category Secondary Organizational Category Education/Secondary & High Schools Education/Educational Services Programs Annual Faculty Stipend (Bridge) Fund Description The Bridge Fund, established in 2000 by the OSSM Foundation Board to help retain our outstanding faculty, supplements faculty salaries through annual stipends. As a state agency, OSSM salary increases are controlled by the state legislature, and faculty salaries have not remained competitive over the years. Our faculty is the backbone of OSSM. Eighty percent of our teaching faculty hold doctorates in the disciplines they teach. All are teaching college-level curriculum, and many are staffing more than their own full time position to help OSSM weather budgetary constraints while maintaining the world class level of quality for which the school is known. Faculty members tutor students weekly in evening study halls, mentor seniors in individual research projects, and often become life-long friends. One long-time teacher has often said that working for OSSM is not a job it s a way of life. It is imperative to the continued success of the OSSM program that we keep these remarkable men and women on staff. Budget $150, Category Education, General/Other Elementary & Secondary Education Strategy Population Served Program Short-term Success Program Long-term Success Program Success Monitoring Adolescents Only (13-19 years) Annual stipends, based on merit, bridge some of the gap between stateappropriated high school teacher salaries and those being paid doctorallevel college professors elsewhere, helping us retain the highest quality college-level faculty for this specialized science and math high school. The Bridge Fund program will provide the quality and stability of faculty necessary to encourage the greatest success of OSSM students, to the benefit of students, our state, and our nation for many years to come. Retention of faculty and staff demonstrates the difference these modest stipends make, softening reductions in salaries due to state budget cuts and allowing many of our superb faculty to continue serving at OSSM. 6

7 Examples of Program Success Thanks to generous private support, the OSSM Foundation Bridge Fund was able to provide $126,000 to 38 outstanding faculty in In an environment where many of the longest-serving faculty have seen their salaries slowly fall behind the state average over the years to a level considerably less than they could earn in a university environment, OSSM's superb, devoted faculty and staff sustained just 6% turnover in Our people believe in OSSM and the role it plays in a strong future for our students, our state, and the nation. Forty-two percent (42%) of our faculty and staff have been with OSSM for more than 10 years-- almost 20% have served for more than 20 years! Fine Arts Program Description OSSM students are totally immersed in studies that are academically years ahead of a normal high school curriculum. They are focused, competitive, and devoted to academic excellence. The Fine Arts program at OSSM provides an outlet for their creative talents. Though they may not seek careers in the arts, they will be consumers and supporters of the arts throughout their lives. Students must enroll in a Fine Arts class for one or more semesters each year as required for graduation. Classes are pre-arranged and include specialized areas of art, music, theatre, photography, and dance, as well as period exposure to cultural and performing events. Budget $50, Category Education, General/Other Gifted Education Strategy Population Served Program Short-term Success Program Long-term Success Program Success Monitoring Examples of Program Success Adolescents Only (13-19 years) OSSM will provide a well-rounded basic arts program, including instruction and supplies for specialized areas of art, music, theatre, photography, and dance, as well as period exposure to cultural or performing arts events. OSSM will retain exceptional instructors to meet student demand for a variety of fine arts activities, and students will continue to develop and support their fine arts interests and skills during their education and beyond. Student grades (overall) and participation in fine arts offerings. Although only two semesters (out of four) of Fine Arts are required for graduation from OSSM, most students exceed that requirement. 7

8 Summer Teacher Institutes Description The Summer Math and Science Institutes for Middle School Teachers are free week-long experiences that are changing the way science and mathematics are perceived and taught in Oklahoma middle schools, broadening teacher knowledge and comfort level, and teaching skills that will stimulate and invigorate student interest in math and science. Teachers from across Oklahoma who attend the Institutes each summer bring back new and innovative teaching methods to students and to colleagues in their home districts. Held in the first week of June, the residential aspect of both institutes gives teachers the opportunity to share ideas and concerns with peers from across the state. Budget $67, Teachers participating in the Summer Institutes receive classroom and laboratory (science) training, workbooks, and equipment on specific concepts that follow State of Oklahoma curriculum. Emphasis is placed on recruiting teachers from rural areas and small towns who work in relative isolation. OSSM faculty continue to provide informational support to attendees as needed throughout the following school year. Category Education, General/Other Teacher & Faculty Strategy Population Served Program Short-term Success Program Long-term Success Program Success Monitoring Examples of Program Success Adults Each year in June, every available slot will be filled and math and science teachers will leave OSSM better equipped to raise the level of their teaching. (We typically fill all slots and have a waiting list to attend.) The OSSM Summer Math and Science Institutes will increase the longterm interest and academic achievement in science for Oklahoma middle school students. Teachers will acquire the knowledge and equipment they will need to help them teach what are often considered difficult subjects in science with more depth and in a more meaningful way, and no teacher will be turned away. Attendee evaluations completed at the end of each Institute relate successes as well as opportunities for improvement. Attendee responses include: "I have learned something from every session. This program will help me walk into the classroom this coming year as a different teacher." "I have a new appreciation for how much math is needed for today s students." "It was really helpful to...immediately discuss how to incorporate the information with other teachers." "The physics labs were great, and I liked the hands-on chemistry labs, too. Geology info was helpful because I'm much less well versed in 'rocks.'" "The program was outstanding. Keep looking for more inexpensive lab activities for the classroom. These are priceless to the typical public school teacher." "Enjoyed activities that make students want to learn more about math." 8

9 Middle School Summer Math & Science Workshops Description Free day-long math and science workshops are designed for middle school students during June and July. Each of four intensive math sessions is uniquely different and designed to expand a student s knowledge in higher level math concepts. In addition, students are introduced to an assortment of physics principles. Two one-day science sessions introduce students to a wide variety of career directions in STEM fields, including engineering and the physical and plant sciences. Budget $8, Category Education, General/Other Extracurricular Math & Science Strategy Population Served Program Short-term Success Program Long-term Success Program Success Monitoring Examples of Program Success Adolescents Only (13-19 years) Students maintain their interest and skill levels in math and science during the summer and return to school better prepared to advance. Stimulated middle school students' interest and skills in math and science and showed them a variety of fields they can aspire to work in as adults. Workshops filled to capacity, with waiting lists for some or all sessions. In 2012, 160 students filled all of came from all areas of Oklahoma, many strengthening and enhancing their skills with more than one workshop. Attendees included 6 th, 7 th, 8 th, and 9 th graders from 35 schools (22 public, 13 private) in 14 counties. 9

10 Distinguished Lecture Program Description In appreciation for the far-sighted vision of then State Representative Penny Williams, who in 1983 authored House Bill 1286 which created the Oklahoma School of Science and Mathematics, the Senator Penny Williams Distinguished Lecture Series was begun to bring national and international figures in the arts and sciences to the Oklahoma School of Science and Mathematics. Budget $5, Category Education, General/Other Educational Programs Strategy Population Served Program Short-term Success Program Long-term Success Adolescents Only (13-19 years) Adults These lectures bring together OSSM students and interested people from the local scientific, arts, academic, and greater community to hear some of the latest ideas in arts and science. The contribution of ideas of these outstanding speakers to our state s intellectual milieu educates the community, sparks the imaginations and passions of our students, and is the greatest and most appropriate gratitude we can offer Senator Williams. Program Success Monitoring Examples of Program Success In 2014, leading research biochemist Dr. Gregory Petsko, long of Brandeis University and now at Weill Cornell Medical College in New York City, visited OSSM to speak to students, local researchers, and other interested guests about the current state of research in Parkinson's, Altzheimer's, and other neuro-degenerative diseases. Disaster Programs Voluntary Organizations Active in Disaster (VOAD) Member No Comments on Programs CEO/Executive Director/Board Comments We need your help! The Oklahoma Legislature approved a flat budget this year, which means a fifth year without any pay increases in addition to an even tighter budget than last year due to several cost increases. OSSM has lost 25% of its state-funded positions over the past five years 19 people across our OKC campus and Regional Centers. Yet, we have continued to operate at the highest levels of academic excellence we have always maintained You can imagine the level of dedication and commitment this achievement has required from all who remain. Staff & Management CEO/Executive Director Frank Y. H. Wang, Ph.D., President OSSM Start Date Aug

11 CEO/Executive Director Experience Dr. Frank Y. H. Wang joined the Oklahoma School of Science and Mathematics as President in August, 2012, succeeding Dr. Edna McDuffie Manning, the school s founding president. Wang earned his Bachelor of Arts in Math from Princeton University in 1986 and his Doctorate in Pure Math from the Massachusetts Institute of Technology in As a graduate student, he co-authored a widely used high school calculus textbook. After graduation from MIT, he went to work at Saxon Publishers, Inc., where he later became its president in Under Wang s leadership, Saxon Publishers grew to become a major textbook publisher, with 250 employees and annual sales approaching $100 million. In 2003, Wang left his position as chairman of Saxon Publishers to pursue his lifelong passion and desire for teaching. He taught at OSSM and the University of Oklahoma and started a special after-school school for middle school students in Norman, Oklahoma. In 2006, Wang moved to Plano, Texas and ran his own education business, Wang Education LLC. In , he was a teaching fellow with the Alexander Dawson Foundation Center for Excellence in Teaching and Learning. Dr. Wang has spoken to teachers and/or students in the New York City Public Schools, Los Angeles Unified School District, Chicago Public Schools, Washington DC Public Schools, and numerous other schools, large and small, public and private, throughout the country (as well as Managua, Nicaragua). Senior Staff Name Suzanne Donnolo Pam Felactu Xifan Liu, Ph.D. Lynn Morgan Chris Shrock, D.Phil. Lori Webster Title Director of Admissions Director of Development Vice President of Academic Services VP of Administrative Affairs Dean of Students Director of Public Information Staff Information Number of Full-time Staff 57 Number of Part-time Staff 8 Number of Contract Staff 1 Number of Volunteers 75 Staff Retention Rate 0 % Are professional development opportunities provided? Does CEO/Executive Director have formal evaluations? Management Reports to Board? Staff Demographics - Gender Male 31 Female 33 Organizational Plans 11

12 Fundraising Plan Policy against commission-based compensation for fundraising consultant Communication Plan Strategic Plan Management Succession Plan Organization Policies and Procedures Under Development No Under Development No Under Development Policies Nondiscrimination Policy Whistle Blower Policy Document Destruction Policy Directors and Officers Insurance Policy Collaborations One of just 16 similar schools in the U.S., OSSM was patterned after the North Carolina School of Science and Mathematics. We visit and communicate informally with NCSSM and other schools to ascertain best practices. Although OSSM is an Oklahoma state agency providing a free public education to students from all over Oklahoma, the school is truly a public-private partnership. One third of the $33 million campus in Oklahoma City was built with tax dollars--the remainder resulted from private investment. Each year, private individuals, corporations, foundations, and civic groups invest in Oklahoma's future by sponsoring faculty stipends, programs, and other needs to supplement diminished state appropriations. Additionally, a wide range of businesses and organizations partner with OSSM to provide mentorship experiences for OSSM students during their senior year--various departments within The OU Health Sciences Center, the Oklahoma Medical Research Foundation, the FAA, and various engineering and architectural firms to name just a few. Parents of OSSM students and alumni from the past 20 years also help OSSM maintain the world-class level of quality it has come to be known for, and dozens of community volunteers assist in the selection process for students. Awards Awards Award/Recognition Organization Year Recognized as a Top Public High School in the US Newsweek 2012 Government Licenses Is your organization licensed by the government (federal, state and/or local)? No Comments on Staff & Management CEO/Executive Director/Board Comments OSSM operates under a Governing Board appointed by and directly responsible to the Oklahoma legislature. Staff FTEs above are actually for the school itself--the OSSM Foundation has.5 FTE. 12

13 Governance Board Chair Mr. Webster Lance Benham Company Affiliation Retired Term Jan 2015 to Dec Board of Directors List Current as of Jan 01,

14 Name Affiliation Status Mrs. Catherine Armitage Community Volunteer Voting Ms. Sue Ann Arnall Community Volunteer Voting Mr. Webster Lance Benham Retired Voting Mr. Loyd L. Benson Benson Law Firm Voting Mrs. Lissa Gumerson Blaschke 14 Voting Mrs. Sara Brown Community Volunteer Voting Dr. Rico Buchli Pure Protein, LLC Voting Mr. Jerry Burger Community Volunteer Voting Mr. Steve Burrage CPA Voting Mr. Joel E. Champlin Champlin Resources Voting Mr. William H. Crawford First Southwest Bank Voting Mr. Robert S. Doenges Community Volunteer Voting Mr. Ken Fergeson NBC Bank Voting Mrs. Linda S. Frazier University of Tulsa Voting Mr. Gary F. Fuller McAfee & Taft Voting Mrs. Julia L. Hall Community Volunteer Voting Mr. Lloyd Hardin Jr. McAfee & Taft Voting Mr. Gregory Hodgen Groendyke Transport, Inc. Voting Mrs. Sarah Hogan Community Volunteer Voting Mrs. Sue Ann Hyde Community Volunteer Voting Mrs. Lou Kerr The Kerr Foundation Voting Mr. Jean C. Leger Jr. OGE Energy Services Voting Mrs. Nancy Leonard The Oklahoma Experience, LLC Voting Mr. J. Mark Lester Retired Voting Mr. Dan Little Esq. Little Law Firm PLLC Exofficio Dr. Edna McDuffie Manning Lifetime Trustee Emeritus Voting Mr. Sam Ott Phillips Murrah PC Voting Mrs. Barbara Paul Community Volunteer Voting Mr. Brenton Phillips Oracle Voting Mr. Ryan Pivonka Devon Energy Voting Dr. Stephen Prescott MD Oklahoma Medical Research Foundation Voting Mrs. Linda Rodgers Community Volunteer Voting Mrs. Lil Ross Community Volunteer Voting Mr. Harry V. Rouse Esq. Doerner, Saunders, Daniel & Anderson LLP Voting Ms. Margaret S. Salyer Accel Financial Staffing Voting Mr. Thomas Sell Williams Companies Voting Mr. George Singer Singer Brothers LLC Voting Mrs. Susan Stone Susan C. Stone Consulting Voting Mr. Leonard Sullivan Oklahoma County Assessor Voting Mr. Warren Thomas Tinker Business & Industrial Park Voting Judge Ralph Thompson Retired Voting

15 Mr. James Vallion Trochta's Flowers & Greenhouses Voting Dr. Frank Y.H. Wang OSSM President Exofficio Ms. Susan Winchester The Winchester Group Mr. Steve Wood Oklahoma Natural Gas Co. Voting Board Demographics - Gender Male 26 Female 17 Governance Information Board Term Lengths Board Term Limits 3 years 0 terms Number of Full Board Meetings Annually 4 Board Meeting Attendance % 55 % Percentage of Board Making Monetary Contributions to the Organization Percentage of Board Making In-Kind Contributions to the Organization Board Orientation Constituency Includes Client Representation Written Board Selection Criteria? Written Conflict of Interest Policy? 100 % 49 % No Standing Committees Executive Nominating Finance Advisory Board Name Affiliation Ann Simmons Alspaugh Community Volunteer Douglas Cummings Cummings Oil James R. Gavin III, M.D., Ph.D. Morehouse School of Medicine Gen. Thomas P. Stafford Retired Bruzzy Westheimer Valbel West Corporation Lyle C. Wilcox, Ph.D. Marshall University L. Duane Wilson Community Volunteer Comments on Board & Governance CEO/Executive Director/Board Comments 15

16 The school itself is governed by a legislatively appointed board, members shown at The President of OSSM reports to this Governing Board and informs the OSSM Foundation Board, as well. Financials Current Fiscal Year Jan 01, 2015-Dec 31,2015 Current Year Budgeted Total Income $1,370,300 Current Year Budgeted Total Expenses $1,037,767 Prior Three Years' Financial History Income and Expenses Fiscal Year Total Revenue $1,128,489 $2,102,974 $1,766,452 Total Expenses $1,579,095 $1,242,293 $1,268,103 Revenue Less Expenses ($450,606) $860,681 $498,349 Income Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $0 $0 $0 Federal State Local Unspecified Individual Contributions $756,604 $1,381,150 $1,258,916 Indirect Public Support Earned Revenue Investment Income, Net of Losses $149,124 $132,365 $123,701 Unrealized Gain/Loss $222,761 $589,459 $383,835 Membership Dues Special Events Revenue In-Kind Other Expense Allocation Fiscal Year Program Expense $1,401,829 $1,091,931 $1,126,893 Administration Expense $167,154 $140,955 $134,366 Fundraising Expense $10,112 $9,407 $6,844 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 89% 88% 89% Fundraising Expense/Contributed Revenue 1% 1% 1% Assets and Liabilities 16

17 Fiscal Year Total Assets $8,991,672 $9,442,328 $8,581,622 Current Assets $536,555 $513,991 $365,182 Long-Term Liabilities Current Liabilities -- $50 $25 Total Net Assets $8,991,672 $9,442,278 $8,581,597 Short-term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long-term Solvency Fiscal Year Long-Term Liabilities/Total Assets 0% 0% 0% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Individuals $756,604 Individuals $1,381,150 Individuals $1,258,916 Second Highest Funding Source & Dollar Unrealized Gains & Unrealized Gains & Unrealized Gains & Amount Losses $222,761 Losses $589,459 Losses $383,835 Third Highest Funding Source & Dollar Amount Investment Income $149,124 Investment Income $132,365 Investment Income $123,701 Endowment and Other Financial Information Endowment? Endowment Value $6,500, Endowment Spending Policy Endowment Spending Policy Percentage (if selected) Credit line? Rreserve fund? Tax Credits? N/A 0 % No No Capital Campaign Currently in a Capital Campaign? Capital Campaign Anticipated in Next 5 Years? No Comments on Financials CEO/Executive Director/Board Comments Program expenses in 2011, 2012, and 2013 included building construction expense. Current income projections over those of expenses are due to estimates of fundraising for Faculty Endowment. Foundation Staff Comments All prior year financial information is from audited financial statements. 17

18 Created Copyright 2016 Oklahoma City Community Foundation 18