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Oklahoma Central Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452804883 ✦ Tulsa, OK ✦ Designated as a 501(c)(3)

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Overview

What is Oklahoma Central Foundation Inc?

Oklahoma Central Foundation Inc is a nonprofit organization committed to fostering financial literacy and offering educational support. Based in Oklahoma, they extend their services to high school, vo-tech, and college students who are either residents of the state or members of OCCU. The foundation provides scholarship awards to aid these students in their pursuit of higher education at Oklahoma colleges and universities. Beyond scholarships, Oklahoma Central Foundation Inc also conducts financial literacy workshops for the general public. Their goal is to empower individuals by improving their financial skills, thereby helping them build a prosperous future. In 2022, the foundation plans to grant one scholarship.

Is Oklahoma Central Foundation Inc legitimate?

Oklahoma Central Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Central Foundation Inc submitted a form 990EZ, 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: $0

For more financial information, click here

What is the mission statement of Oklahoma Central Foundation Inc?

The Oklahoma Central Foundation's mission is centered around providing financial literacy education and offering scholarships and grants. This is primarily targeted towards high school, vocational-technical (vo-tech), or college students residing in Oklahoma or affiliated with OCCU. The foundation's scholarships aim to support these students in their pursuit of higher education at Oklahoma colleges or universities. Furthermore, the foundation conducts financial literacy workshops for the public, aiming to enhance their financial capabilities and prepare them for a prosperous financial future. In 2022, the foundation plans to distribute one grant.

What is the revenue of Oklahoma Central Foundation Inc?

Oklahoma Central Foundation Inc's revenue in 2023 was $85,241.

Who are the executives of Oklahoma Central Foundation Inc and what are their salaries?

Here are 5 key members and their salaries:


Eugenia Wilson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Toalson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Cheffey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shelli Schroeder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veda Hester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Oklahoma Central Foundation Inc?

Oklahoma Central Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of Oklahoma Central Foundation Inc

Oklahoma Central Foundation, a notable organization, is committed to fostering financial literacy and providing educational support. Its primary mission is to offer scholarships and grants to deserving students, either residing in Oklahoma or affiliated with OCCU. These scholarships are intended to aid students in their pursuit of higher education within Oklahoma's colleges and universities.

Beyond financial aid, Oklahoma Central Foundation also extends its reach to the broader public, conducting educational workshops to enhance financial capabilities. These workshops aim to equip individuals with the necessary skills to navigate their financial future successfully. In 2022, the foundation plans to distribute one grant, furthering its commitment to supporting education and financial literacy.

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Impact




October, 2024

Oklahoma Central Foundation Inc significantly enhances the financial futures of individuals in Oklahoma through its comprehensive educational programs and scholarship opportunities. By providing financial literacy education, the foundation empowers residents to make informed financial decisions, improving their overall economic wellbeing. Workshops designed for the public equip participants with essential skills to manage their finances effectively, promoting long-term financial stability and independence.

In addition to educational initiatives, the foundation supports students pursuing higher education through scholarships and grants. By targeting high school, vocational, and college students, especially those who are residents of Oklahoma or members of Oklahoma Central Credit Union (OCCU), it facilitates access to quality education that might otherwise be unattainable. This commitment not only fosters academic achievement but also encourages community involvement and personal growth.

With plans to distribute grants to further support education, the foundation plays a crucial role in building a brighter future for individuals and, by extension, the communities they serve. Through its strategic focus on education and financial empowerment, Oklahoma Central Foundation Inc is laying the groundwork for a more financially literate and resilient population.




This information is meant to be a general summary of Oklahoma Central 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.

Revenue
$85,241 (2023)
Expenses
$94,418 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,504
  • Gross Receipts: $85,241

Assets and Liabilities:

  • Total Assets: $179,000
  • Total Liabilities: $0
  • Net Assets: $179,000

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Organization Details

Principal Officer

Eugenia Wilson

NTEE Category

Code: P51 - Human services

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