Purcell Public Schools Foundation Inc.
919 N 9th St
Purcell OK 73080-2028
Tax Exempt Status Public Supported Charity
Mission Statement To help the Purcell Public School system provide opportunities that enrich and enhance academic excellence and strengthen educational programs for all Purcell students.
Contact Information
Contact Name Kerry Wilhoit
Contact email Kwilhoit@mcclainbank.com
Address 919 N 9th St
Purcell, OK 73080 2028
Phone (405) 527-6503
Fax 405-527-6503
County McClain
How to Give
Other ways to donate, support or volunteer
Please mail a check to 919 N. 9th St., Purcell, OK 73080
Financial Summary
 
 
Projected Revenue $22,010.00
Projected Expenses $8,006.00
Statements
Mission To help the Purcell Public School system provide opportunities that enrich and enhance academic excellence and strengthen educational programs for all Purcell students.
Background The Purcell Public School Foundation was created in 1992 by a group of community leaders. Over the years PPSF has awarded teachers grants that enhance the learning environment for the students. The organization does not purchase items normally provided by the school district instead it encourages teachers to find new innovative ways to teach the material.
The Foundation to date has awarded over $140,000 in grants to the teachers within the Purcell Public School District.
Impact
Our top achievement from last year was awarding over $10,000.00 to our teachers for innovative grants to be used in the classroom.  Our foundation has taken pride in continuing to support our teachers with classroom material due to lack of funding. 
Needs
The foundation's primary goal is to create an endowment to be able to support our teachers needs throughout the year.  The endowment fund would allow us to use interest earned as our primary funding for the grants while our fundraisers would allow us to assist in special projects.  Monetary donations would be the most pressing need to help establish this fund. 
CEO/Executive Director Statement
Our organization's primary objective is to provide funding for teachers to implement new creative ways to adapt their lessons to the students.  We also help fund projects for the teachers for equipment or materials when no funding from the district is available.  The PPSF takes great pride in our school district and giving every student the opportunity to succeed. 
Board Chair Statement
Our board is comprised of business leaders from the community along with parents and grandparents of students enrolled in our district.  We all have personal investment in our foundation to support our school district.  All board members have given financially to our foundation each year without ever having a requirement in our bylaws.  Most board members are alumni or parents of alumni who hope to one day have a foundation that can provide more learning opportunities for future students.  As all school districts ours is facing a financial shortfall and we believe it is our duty to give every teacher the opportunity to help our students.
Area Served
Area Served
Geographic Area Served
Purcell
Purcell Public School Foundation only serves the Purcell Public School District
Service Categories
Secondary Organizational Category Philanthropy,Voluntarism & Grantmaking Foundations/Public Foundations
Tertiary Organizational Category Youth Development/Fund Raising & Fund Distribution
Programs
Description
The endowment fund is being created to establish a stream of income through the interest distributions yearly.  This income will be used to fund our teacher grants on an annual basis.  Our goal is create and endowment of $250,000.00 that will benefit our school district's teachers for years to come.
Strategy
Population Served K-12 (5-19 years) Children and Youth (0 - 19 years) Hispanic, Latino Heritage
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program.
Our short term goal would be achieved by having each graduating class from Purcell make a monetary donation to our endowment fund for the sole purpose of reaching our goal.
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state.
It is our long term goal that the endowment interest would generate $10,000 to $20,000 a year to be used towards educational needs of our teachers.
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
Our program success will be measured by the amount of monetary donations received.  We will also determine our direction based on the feedback we receive from the alumni and donors.
Description Our organization's primary objective is to provide funding for teachers to implement new creative ways to adapt their lessons to the students. We also help fund projects for the teachers for equipment or materials when no funding from the district is available. The organization does not purchase items normally provided by the school district instead it encourages teachers to find new innovative ways to teach the material.
Strategy
Population Served Children and Youth (0 - 19 years)
Program Short-term SuccessHelpDescription of short-term achievement(s) or improvement(s) that will result from this program. The Foundation to date has awarded over $140,000 in grants to the teachers within the Purcell Public School District.
Comments on Programs
CEO/Executive Director/Board Comments
Our organization faces a challenge that is fairly unique.  As our district faces a financial shortfall the teachers are requesting needs for educational supplies that include headphones, iPads for English Secondary Language Learners, novels to be used in English classes just to name a few.  The need is growing each year due to lack of funding from the state and district.  As a foundation we try to provide the teachers with the ability to teach the students in a way that reaches every student.
CEO/Executive Director
CEO/Executive Director N/A N/A
Start Date 0
Email NA
Experience No paid staff. All volunteer board.
Staff
Number of Full-time Staff 0
Number of Part-time Staff 0
Number of Contract Staff 0
Number of Volunteers 15
Does CEO/Executive Director have formal evaluations? N/A
Management reports to board? N/A
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 0
Female 0
Not Specified 0
Organizational Plans
Fundraising Plan No
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Under Development
Number of Years Strategic Plan Considers N/A
Management Succession Plan No
Organization Policies and Procedures Yes
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? No
Comments on Staff & Management
CEO/Executive Director/Board Comments No paid staff. All volunteer board.
Foundation Staff Comments No paid staff. All volunteer board. 
Board Chair
Name Kerry Wilhoit
Company Affiliation McClain Bank
Term Oct 2014 to Oct 2017
Board of Directors
List Current as of Feb 09, 2016
Board of Directors List
NameAffiliationStatus
Gary Couch Community VolunteerVoting
Ted Cox Duffy Cox CPAVoting
Michael Dillinger First United BankVoting
Kelly Eck Comprehensive DentistryVoting
Kraig Edelman City of Purcell FirefighterVoting
Becky Galyean Gil Galyean Quarter HorsesVoting
Jenny Gowens Community VolunteerVoting
Pam Irwin McClain County AssessorVoting
Jana Marcum Community VolunteerVoting
Carrie Mayes Community VolunteerVoting
Gracie Montgomery The Purcell RegisterVoting
John D. Montgomery The Purcell RegisterVoting
Mary Webb First United BankVoting
Kerry Wilhoit McClain BankVoting
Gale Wilson Wilson-Little Funeral HomeVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 12
Hispanic/Latino 0
Native American/American Indian 3
Other 0 0
Board Demographics - Gender
Male 6
Female 9
Not specified 0
Governance
Board Term Lengths 3 years
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 100 %
Board Orientation Yes
Constituency Includes Client Representation No
Written Board Selection Criteria? Under Development
Standing Committees
Finance
Scholarship
Marketing
Current Fiscal Year
Fiscal Year Jan 01, 2016-Dec 31, 2016
Current Year Budgeted Total Income $22,010
Current Year Budgeted Total Expenses $8,006
Financial Documents
Audit2014
Audit2013
Audit2012
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201420132012
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$3,500$3,913$3,250
------
------
Investment Income, Net of Losses$1,422$1,792$2,453
Unrealized Gain/Loss------
Membership Dues------
Special Events$17,605$4,964$8,009
Revenue In-Kind------
Other$2,395$536$621
Expense Allocation
Fiscal Year201420132012
Program Expense$6,126$8,267$8,630
Administration Expense$11,401$595$2,864
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.421.261.25
Program Expense/Total Expenses35%93%75%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201420132012
Total Assets$416,664$409,269$406,926
Current Assets$52,962$46,965$44,391
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$416,664$409,269$406,926
Solvency
Short Term Solvency
Fiscal Year201420132012
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201420132012
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201420132012
Top Funding Source & Dollar AmountSpecial Event $17,605Special Event $4,964Special Event $8,009
Second Highest Funding Source & Dollar AmountIndividuals $3,500Individuals $3,913Individuals $3,250
Third Highest Funding Source & Dollar AmountOther $2,395Investment Income $1,792Investment Income $2,453
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 25 %
Credit Line? No
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? Anticipated In 3 Years
Campaign Purpose We will be doing a campaign that involves the alumni in an effort to raise $50,000 per year for 3 years to be deposited in the endowment. We will be asking the last 50 graduating classes to raise $1,000 per class in an effort to establish the fund. Our goal would be to have $250,000 in the endowment by 2025. The purpose of creating an endowment fund is to allow the PPSF to receive annual distributions to be used for innovative grants for all students/teachers within the Purcell Public School System. It will also establish a long term source of income from funds in an effort to not rely on fundraisers each year.
Campaign Goal $250,000
Campaign Dates Apr 2016 to Dec 2021
Amount Raised To Date $0 as of Mar 2016
Capital Campaign Anticipated in Next Five Years? Yes
Comments on Financials
CEO/Executive Director/Board Comments
We have been distributing all funds raised for the past two years.  Since we have no overhead and such a demand for assistance within the school district we have elected to distribute all monies back into the classroom.  In the future we anticipate doing the same along with doing an endowment campaign designated towards our endowment.
Foundation Staff Comments
All prior year financial information is from audited financial statements.
 
NOTE:  These audited financials are prepared on cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States.
 
Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.  
Address 919 N 9th St
Purcell, OK 73080 2028
Primary Phone 405 527-6503 133
Contact Email Kwilhoit@mcclainbank.com
CEO/Executive Director N/A N/A
Board Chair Kerry Wilhoit
Board Chair Company Affiliation McClain Bank