Overview
What is Oakton Foundation Inc?
Oakton Foundation Inc, based in Houston, Texas, is a nonprofit organization that primarily focuses on empowering high school students. They offer a variety of programs to enrich the social and economic skillsets of college-bound students. These programs include clubs, advanced educational courses, and summer camps. Additionally, the foundation provides support for religious and educational activities conducted by the Roman Catholic Prelature of Opus Dei, offering facilities for Holy Mass, spiritual guidance, retreats, classes, and residence. With a staff of 14 individuals, Oakton Foundation Inc is dedicated to fostering personal growth and development in young adults, preparing them for their future endeavors.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 31%, Zero-Star out of Four Star rating.
The Oakton Foundation Inc has received a low rating of 31% from Charity Navigator, indicating serious concerns regarding its accountability and financial management. While the organization does have a fully independent board, the lack of transparency in financial statements significantly detracts from its overall score. The absence of essential policies, such as a whistleblower policy and proper document retention practices, raises questions about the foundation's governance.
Despite having a majority of independent board members, the foundation's financial health appears to be weak, as shown by a poor liabilities-to-assets ratio and a nonexistent program expense ratio. These financial indicators suggest that the foundation may not be effectively utilizing its resources to further its mission. The absence of required financial documentation on its website further complicates its accountability to potential donors and stakeholders.
Overall, while the Oakton Foundation Inc has some governance strengths, its significant deficiencies in financial transparency and accountability could pose risks for donors and beneficiaries alike. It is essential for organizations to address these issues to enhance trust and effectively fulfill their missions.
This AI summary has been generated from information found on Charity Navigator.
Is Oakton Foundation Inc legitimate?
Oakton Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakton Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,922
For more financial information, click here
What is the mission statement of Oakton Foundation Inc?
Oakton Foundation Inc's mission is centered around providing support for the religious and educational activities conducted by the Roman Catholic Prelature of Opus Dei. This support is primarily in the form of offering lodging for laity and priests, as well as facilitating religious events such as Holy Mass, spiritual guidance, retreats, and classes. Furthermore, the foundation engages in educational activities, providing advanced courses and enrichment programs for high school students, with offerings such as clubs, advanced educational courses, and camps, aiming to enhance their social and economic skillsets and prepare them for college.
Who is the CEO of Oakton Foundation Inc?
Alexander Hoff is the President of Oakton Foundation Inc.
What is the revenue of Oakton Foundation Inc?
Oakton Foundation Inc's revenue in 2022 was $2,005,953.
Who are the executives of Oakton Foundation Inc and what are their salaries?
The average compensation at Oakton Foundation Inc during 2022 was $10,209. There are 14 employees and 15 volunteers at Oakton Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oakton Foundation Inc?
Oakton Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oakton Foundation Inc
Oakton Foundation Inc, a nonprofit organization, is dedicated to supporting the Roman Catholic Prelature of Opus Dei by providing room and board for laity and priests. This support extends to religious and educational activities, including Holy Mass, spiritual guidance, retreats, and classes. The foundation also offers residence facilities, serving as a hub for these activities. In addition to its primary mission, Oakton Foundation Inc also engages with high school students through various programs. These initiatives include clubs, advanced educational courses, and camps, aiming to enhance the social and economic skillsets of college-bound students. The organization offers a range of high school programs such as HSB, LFA, Club Anvil, and HSPT.
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Impact
July, 2024
Oakton Foundation Inc's impact is centered around providing room and board for laity and priests, as well as supporting religious and educational activities conducted by the Roman Catholic Prelature of Opus Dei. Through services such as Holy Mass, Spiritual Guidance, Retreats, Classes, and Residence, the organization plays a vital role in fostering spiritual growth and community engagement. Additionally, Oakton Foundation Inc offers programs to high school students, including clubs, advanced educational courses, and camps designed to enhance social and economic skillsets for college-bound individuals. With a focus on enriching the lives of both clergy and laity, Oakton Foundation Inc's mission encompasses aspects of spiritual support, educational advancement, and community development.
This information is meant to be a general summary of Oakton Foundation Inc. 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.
- Program Service Revenue: $53,383
- Gross Receipts: $2,005,953
Assets and Liabilities:
- Total Assets: $9,293,134
- Total Liabilities: $1,997,228
- Net Assets: $7,295,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HS Programs & Projects
Revenue
$53,383
Organization Details
Founding Year
2012
Principal Officer
Alexander Hoff
Main Address
410 Westcott St, Houston, TX, 77007
NTEE Category
Code: X22 - Religion related
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