Overview
What is Oak Park Education Foundation?
The Oak Park Education Foundation, established in Oak Park, Illinois, is a nonprofit organization situated at 260 Madison Street. Their primary objective is to foster a lifelong passion for learning in youth through hands-on STEAM (Science, Technology, Engineering, Art, and Mathematics) opportunities. In pursuit of this mission, the foundation supports various programs such as Art Start, Geared Up, Spoken Word, VEX Robotics, and Base Camp within the Oak Park District 97. With a dedicated team of seven employees, the Oak Park Education Foundation endeavors to enrich education and inspire young minds to embrace learning as an ongoing journey.
Official website here: www.opef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Oak Park Education Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. This score is based solely on its Accountability & Finance metrics, demonstrating the organization’s effective management of resources and adherence to best practices. With a fiscal year ending in 2022, the foundation excels particularly in areas such as board independence, financial oversight, and the absence of material asset diversion.
One of the notable strengths of the foundation is its governance structure, boasting a fully independent board, which fosters unbiased decision-making and accountability. The organization has also implemented robust financial controls, evidenced by its high scores for financial statements and asset ratios, indicating a solid fiscal standing with a liabilities-to-assets ratio of just 0.86%. Furthermore, it prioritizes program expenses, with nearly 79% of its budget dedicated to direct program costs, ensuring that funds are effectively utilized for educational initiatives.
However, there are a couple of areas for improvement, particularly regarding the existence of certain policies. While the organization has many compliance measures in place, it lacks a whistleblower policy and documentation retention and destruction guidelines. Addressing these gaps could further bolster its governance framework and enhance stakeholder trust. Overall, the Oak Park Education Foundation demonstrates a strong fiscal health and operational integrity, making it a reliable organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Park Education Foundation legitimate?
Oak Park Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Park 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: $95,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,491
For more financial information, click here
Official website here: www.opef.org
What is the mission statement of Oak Park Education Foundation?
The Oak Park Education Foundation's mission is centered around providing hands-on STEAM experiences for youth, aiming to foster a lifelong passion for learning. By implementing programs such as Art Start, Geared Up, Spoken Word, VEX Robotics, and Base Camp, the foundation seeks to enhance the educational environment, inspiring and engaging young minds in the realm of science, technology, engineering, art, and mathematics.
Official website here: www.opef.org
Who is the CEO of Oak Park Education Foundation?
Latonia Baker is the President of Oak Park Education Foundation.
Official website here: www.opef.org
What is the revenue of Oak Park Education Foundation?
Oak Park Education Foundation's revenue in 2022 was $628,071.
Official website here: www.opef.org
Who are the executives of Oak Park Education Foundation and what are their salaries?
The average compensation at Oak Park Education Foundation during 2022 was $18,433. There are 7 employees and 185 volunteers at Oak Park Education Foundation.
Here are 12 key members and their salaries:
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Official website here: www.opef.org
Where can I find the form 990 for Oak Park Education Foundation?
Oak Park Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opef.org
Learn more at the official website: www.opef.org
Mission Statement of Oak Park Education Foundation
The Oak Park Education Foundation is committed to a mission that aims to inspire a lifelong love of learning in youth by providing hands-on STEAM (Science, Technology, Engineering, Arts, and Mathematics) opportunities. This nonprofit organization strives to enhance education within the Oak Park District 97 by offering a variety of programs such as Art Start, Geared Up, Spoken Word, and Vex Robotics, as well as Base Camp. These initiatives are designed to engage young minds, foster creativity, and cultivate a passion for learning that extends beyond the classroom.
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Impact
July, 2024
Oak Park Education Foundation has made a significant impact by bringing hands-on STEAM opportunities to youth, inspiring a lifelong love of learning. Through programs such as Art Start, GEARED UP, Spoken Word, VEX Robotics, and Base Camp, the foundation has enhanced education at Oak Park District 97. These initiatives ensure that students have access to innovative and engaging educational experiences that stimulate their curiosity and foster critical thinking skills. In doing so, Oak Park Education Foundation is helping to shape the next generation of learners and problem-solvers in the community.
This information is meant to be a general summary of Oak Park 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: $557
- Program Service Revenue: $477,048
- Gross Receipts: $647,273
Assets and Liabilities:
- Total Assets: $407,430
- Total Liabilities: $3,532
- Net Assets: $403,898
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM ACTIVITY
Revenue
$477,048
Organization Details
Founding Year
1987
Phone
(708) 524-3023Principal Officer
Latonia Baker
Main Address
260 MADISON STREET, OAK PARK, IL, 60302
Website
www.opef.orgNTEE Category
Code: B80 - Education
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