Overview
What is Oklahoma Energy Education Foundation?
The Oklahoma Energy Education Foundation, located in Oklahoma City, Oklahoma, is a nonprofit organization dedicated to raising public awareness about energy issues and the significance of the oil and gas industry. Their primary goal is to foster the efficient use of energy and promote environmentally friendly production methods and technologies. By doing so, the foundation seeks to educate the general public on the importance of energy conservation and the transfer of energy technology. The mission of this organization extends to encouraging the adoption of sustainable energy practices while maintaining the viability of the oil and gas industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Oklahoma Energy Education Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall financial health and accountability practices. While the organization demonstrates strengths in governance, such as having a fully independent board and strong conflict of interest policies, its financial ratios raise red flags, particularly the program expense ratio, which is notably low at 49.14%.
The foundation has shown good governance practices by maintaining transparency in board activities and having appropriate policies in place regarding whistleblower protections and document management. However, the lack of liabilities to assets combined with a low program expense ratio suggests that the organization may not be effectively utilizing its resources to further its educational mission or support its programs.
Overall, while the foundation has established robust governance mechanisms, its financial management and the effectiveness of its programming remain areas of concern, which potential donors and supporters should consider when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma Energy Education Foundation legitimate?
Oklahoma Energy Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Energy Education Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $15,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Oklahoma Energy Education Foundation?
The Oklahoma Energy Education Foundation aims to create public understanding of energy-related matters, particularly emphasizing the significance of the oil and gas industry. They strive to promote energy efficiency, support environmentally friendly production methods and technologies, and advocate for the transfer of energy technology. Their goal is to educate the general public on these topics and encourage the adoption of practices that prioritize both energy efficiency and environmental sustainability.
Who is the CEO of Oklahoma Energy Education Foundation?
Brook A Simmons is the Chairman of Oklahoma Energy Education Foundation.
What is the revenue of Oklahoma Energy Education Foundation?
Oklahoma Energy Education Foundation's revenue in 2022 was $260,669.
Who are the executives of Oklahoma Energy Education Foundation and what are their salaries?
There 5 volunteers at Oklahoma Energy Education Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $15,000
- Related: $351,684
- Other: $16,926
Where can I find the form 990 for Oklahoma Energy Education Foundation?
Oklahoma Energy Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oklahoma Energy Education Foundation
The Oklahoma Energy Education Foundation, a nonprofit organization, is dedicated to increasing public understanding of energy issues and the significance of the oil and gas industry. Its mission is threefold: first, to educate the general public about the importance of the energy sector; second, to advocate for energy efficiency and the adoption of environmentally friendly production methods and technologies; and third, to facilitate the transfer of energy technology. By raising awareness and promoting sustainable practices, the foundation seeks to contribute to a more informed and responsible energy landscape.
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Impact
June, 2024
The Oklahoma Energy Education Foundation has a significant impact on raising public awareness of energy issues, educating the general public on the importance of the oil and gas industry, promoting the efficient use of energy, advocating for environmentally sound production methods and technologies, and facilitating the transfer of energy technology. Through its activities, the foundation plays a crucial role in shaping the energy landscape in Oklahoma and beyond, contributing to a more informed and sustainable approach to energy utilization and production.
This information is meant to be a general summary of Oklahoma Energy Education Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,305
- Program Service Revenue: $258,364
- Gross Receipts: $260,669
Assets and Liabilities:
- Total Assets: $5,631,648
- Total Liabilities: $0
- Net Assets: $5,631,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$258,364
Organization Details
Founding Year
2006
Phone
(405) 601-2876Principal Officer
Brook A Simmons
Main Address
500 NE 4TH STREET 200, OKLAHOMA CITY, OK, 73104
NTEE Category
Code: C60 - Environment
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