Overview
What is Oklahoma Wheat Research Foundation Inc?
The Oklahoma Wheat Research Foundation is a nonprofit organization situated in Waukomis, Oklahoma. Its primary mission is to foster educational and research objectives in Oklahoma's agriculture, specifically focusing on wheat. The foundation achieves this by allocating funds to support agricultural education and research through esteemed institutions like Oklahoma State University and Oklahoma 4-H. Additionally, the foundation participates in various programs such as the Oklahoma 4-H Foundation and Scholarships, and the Oklahoma State University Foundation, contributing to the overall growth and development of agriculture in Oklahoma.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Oklahoma Wheat Research Foundation Inc demonstrates a strong commitment to financial management, as evidenced by a program expense ratio of 98.50%, indicating that nearly all funds are directed towards its programs. Additionally, the organization boasts a fully independent board, with 100% of its members being independent, and there have been no reported issues of material asset diversion.
Despite these strengths, the organization faces notable limitations in its governance practices. The lack of essential policies, such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, has negatively impacted its accountability score. Furthermore, the absence of the nonprofit's tax forms on its website raises concerns about transparency and public access to important financial information.
Overall, while the Oklahoma Wheat Research Foundation Inc shows strong financial health and programmatic focus, improvements in governance and transparency practices are necessary to enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma Wheat Research Foundation Inc legitimate?
Oklahoma Wheat Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Wheat Research 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Oklahoma Wheat Research Foundation Inc?
The Oklahoma Wheat Research Foundation aims to promote educational and research objectives in Oklahoma agriculture, specifically focusing on wheat. They accomplish this by allocating funds to advance agricultural education and research through institutions like Oklahoma State University and Oklahoma 4-H. Beyond this, the foundation engages in various programs, such as the Oklahoma 4-H Foundation and Scholarships, and the Oklahoma State University Foundation, to further support agricultural education and research.
Who is the CEO of Oklahoma Wheat Research Foundation Inc?
Joe Hampton is the Sec/Treasurer of Oklahoma Wheat Research Foundation Inc.
What is the revenue of Oklahoma Wheat Research Foundation Inc?
Oklahoma Wheat Research Foundation Inc's revenue in 2023 was $498,408.
Who are the executives of Oklahoma Wheat Research Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Oklahoma Wheat Research Foundation Inc?
Oklahoma Wheat Research Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oklahoma Wheat Research Foundation Inc
The Oklahoma Wheat Research Foundation is dedicated to advancing educational and research objectives in Oklahoma's agricultural sector, with a specific focus on wheat. This nonprofit organization invests its funds to foster agricultural education and research through esteemed institutions such as Oklahoma State University and Oklahoma 4-H. By doing so, it contributes to the broader development and understanding of wheat cultivation and related agricultural practices in Oklahoma. The foundation also engages in various programs, including collaborations with the Oklahoma 4-H Foundation and Scholarships, and the Oklahoma State University Foundation, to further its mission.
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Impact
July, 2024
The impact of the Oklahoma Wheat Research Foundation Inc can be seen in its promotion of educational and research objectives in Oklahoma agriculture specifically related to wheat. By funding initiatives that support agriculture education and research through partnerships with organizations like Oklahoma State University and Oklahoma 4-H, the foundation plays a crucial role in furthering knowledge and innovation in the wheat industry. This support contributes to the development of sustainable practices, the advancement of agricultural technology, and the training of future generations of agricultural professionals.
This information is meant to be a general summary of Oklahoma Wheat Research 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 2023.
- Investment Income: $2,970
- Gross Receipts: $498,408
Assets and Liabilities:
- Total Assets: $97,624
- Total Liabilities: $0
- Net Assets: $97,624
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Organization Details
Phone
(580) 297-5322Principal Officer
Joe Hampton
Main Address
11415 S OAKWOOD RD, WAUKOMS, OK, 73773
NTEE Category
Code: K20E - Food
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