ASTEC Fund, Inc.
2401 NW 23RD ST STE 39A
OKLAHOMA CITY OK 73107-2450
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
The Foundation for ASTEC Charter Schools
Mission Statement ASTEC Fund, Inc. was established as a "support" organization to help grow and build the financial capacity of ASTEC Charter Schools and support the mission of the Advanced Science and Technology Education Public Charter Schools (ASTEC) to empower, motivate and inspire learners to reach their highest potential. 
Contact Information
Contact Name Sherri O'Neil
Contact email soneil@asteccharterschools.com
Address 2401 NW 23RD ST STE 39A
OKLAHOMA CITY, OK 73107 2450
Phone (405) 947-6272
Fax 405-947-0035
County Oklahoma
Alternate Phone 405 9476272
How to Give
Other ways to donate, support or volunteer Our schools are always in need of donated schools supplies and other tangible items.  We need volunteers to help with our Gala and the auction acquisition prior to it. We have some students who can't afford yearbooks, so we invite community members to become Yearbook Angels.  We are also looking for in-kind support for our Capital Campaign and general school needs.  
Financial Summary
 
 
Projected Revenue $446,000.00
Projected Expenses $165,913.00
History and Background
Supported Organization ASTEC Charter School
Year Founded 2013
IRS Ruling Year 2014
Statements
Mission ASTEC Fund, Inc. was established as a "support" organization to help grow and build the financial capacity of ASTEC Charter Schools and support the mission of the Advanced Science and Technology Education Public Charter Schools (ASTEC) to empower, motivate and inspire learners to reach their highest potential. 
Background

The Advanced Science and Technology Education Charter (ASTEC) Schools became Oklahoma’s first start-up charter school in 2000, founded by awarding-winning educator Dr. Freda Deskin. This charter is a public school that began with just 100 middle school student scholars and quickly grew to include a high school with a combined enrollment of 850 scholars, plus a waiting list of several hundred. ASTEC Charter Schools serves a highly diverse, low socio-economic, inner-city population of middle and high school scholars.


ASTEC is the official lab school of its authorizer, Oklahoma State University College of Education.

ASTEC’s approach is research-based with an understanding that each child has unique talents and abilities that need nurturing and support. Our teachers are experienced in facilitating and fostering every scholar’s personal development. ASTEC is committed to the whole student scholar. This includes academic excellence, cultural and social growth, health, mental and physical resilience, as well as the development and the practice of honesty, civility, public service and respect for others.

ASTEC Charter Schools has created a school culture that prepares students for college, specialized training and careers by offering course electives in entrepreneurship, work ethics and careers, exposure to the workplace, personalized schedules and one-on-one student counseling and peer mentoring.

We believe that the best environment for learning is one that is safe and one that provides an expectation of success, regardless of background or ability. We share an expectation for scholars to reach their highest potential and experience a meaningful life while practicing personal accountability.

In addition to these core subjects, including technology, ASTEC values character, manners, proper etiquette, social and cultural awareness, a strong work ethic, problem-solving and entrepreneurship skills.

All scholars who enter ASTEC Middle School are required to take 9-weeks of character education, manners and etiquette. These values are rewarded and reinforced daily and throughout the year by administration, faculty and staff. The results of this practice are profound. One of the first things visitors notice: well-behaved, polite and respectful scholars.

ASTEC has created a community for its student scholars by providing wrap-around services as needed. For example, we know that student scholars who are healthy perform better in school. That is why we provide a food pantry, a clothes closet, therapy and other student scholar needs. ASTEC Charter Schools was proud to be the first school in the Midwest to become a HealthCorps school, a program founded by Dr. and Mrs. Mehmet Oz that provides our school with curriculum designed to foster physical and mental resilience and a full-time HealthCorps coordinator trained by Dr. Oz. This program could never have come to ASTEC Public Charter Schools without the support of Mr. Harold Hamm and Continental Resources.

 


Impact
100% of our 2014 graduating class was accepted to college or technical school. ASTEC's student body increased by 10% last year, and we have a waiting list for new students. Though we receive no funding from the state for transportation, maintenance, or buildings, ASTEC has consistently operated in the black. ASTEC Charter Schools were the first STEM-focused curriculum charter school in the state. Our strategic plan for the next five years includes the building of a state-of-the-art community school near the epicenter of our students' homes.  We plan also to extend our grade level offerings into the elementary school.  
 
Needs
1. Community partners to take naming rights of our classrooms in the new schools - $20,000.
2. General sponsorship of the 2015 Door-Opener Gala- tables start at $2,500.
3. Volunteers to lead and work the auction at the Gala.
4. Supporters for our Robotics Club
 
 
CEO/Executive Director Statement

ASTEC is a different kind of school experience. I encourage you to learn what makes us unique. Learn about our academic, social and cultural offerings, our accomplishments and our goals. The best way to get to know ASTEC is to visit us in person. All who do, report their amazement of what they see and hear in our schools.

Explore ASTEC! is a one-hour, get-acquainted tour of ASTEC Charter Schools that allows the business and civic community a behind the scenes look at our school. Morning tours include breakfast with me in our Central Office Conference room. These tours give visitors a first hand look at how children in a public school setting can thrive through innovations in education. You will witness ASTEC’s technologically-advanced, hands on classrooms where students are engaged and respectful, along with our HealthCorps wellness and nutritions program and our fresh food approach to student dining and I’ll share our unique leadership structure, our employee merit and bonus pay plan and how our faculty are engaged in weekly professional development and coaching sessions. We always allow time for your questions.

We believe that the best environment for learning is one that is safe and one that provides an expectation of success, regardless of background or ability. We share an expectation for scholars to reach their highest potential and experience a meaningful life while practicing personal accountability.

We hope you will further explore the strong sense of community and ASTEC’s “family” culture, where our accomplished and dedicated employees share a common commitment to provide students with the individualized attention they need to maintain a passion for learning.

ASTEC Charter Schools has created a true school community that values mutual respect in the pursuit of excellence. Scholars feel cared for, and safe and know that expectations for them at ASTEC are high.
Area Served
Area Served
Geographic Area Served
Oklahoma City
ASTEC Charter Schools are able to take students from all over Oklahoma City who are willing and able to be transported to our school site.  
Service Categories
Secondary Organizational Category Education/Secondary & High Schools
Programs
Description The ASTEC Fund exists to serve the needs of ASTEC Public Charter Schools.  This includes offering educational services consistent with a traditional public school, in addition to a focus on STEM education infused within the classes. 
Strategy
Population Served Hispanic, Latino Heritage Immigrant, Newcomers, Refugees Poor,Economically Disadvantaged,Indigent
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. Realistically, ASTEC Charter Schools' long term success will be having broken the cycle of poverty for thousands of students whose parents did not get to attend college.  Our schools will also increase the number of minorities and women working in STEM fields.  
CEO/Executive Director
CEO/Executive Director Freda Deskin, PhD
Start Date June 2000
Email fdeskin@asteccharterschools.com
Experience

Dr. Deskin earned a bachelor’s degree in elementary education from the University of Central Oklahoma and a master’s degree in secondary education and a Ph.D. in curriculum and instruction from the University of Oklahoma (OU), where she was a National Collegiate Scholastic All-American. She holds a certificate in strategic management from Harvard University and has completed additional coursework in finance at Oklahoma City University (OCU).

Dr. Deskin has been an education leader for over four decades. She taught for fifteen years at the pre-collegiate level and nine years at the University of Oklahoma. She served for six years as a university dean at Oklahoma City University until founding ASTEC Charter Schools in 2000. Dr. Deskin has been honored numerous times at every level for her teaching and leadership skills and for her community commitment.  In 1985, Deskin was selected as a finalist in NASA’s “Teacher in Space” project, becoming one of only 100 individuals in the world with the official title of “U.S. Space Ambassador.”

Dr. Deskin has developed programs, curriculum guides and books for national educational organizations such as the Challenger Center for Space Science Education, NASA, Disney’s EPCOT Center and the Experimental Aircraft Association (EAA).

Dr. Deskin has been featured in a number of national publications including Education Week and various educational videos. She is a member of the National and State “Women President’s Organization” (WPO) and the International Women’s Forum. She served on the State Individual’s with Disabilities Education Act (IDEA) Advisory Panel and is the chair of the Red Earth curriculum committee. Dr. Deskin is a member of Leadership Norman and Leadership Oklahoma City and Leadership Oklahoma. She has been inducted into the Women in Aerospace Hall of Fame in Washington, D.C. and the Oklahoma Educators Hall of Fame.

Senior Staff
NameTitle
Amanda JamesHeadmaster
Gwen LangChief Financial Officer
Staff
Number of Full-time Staff 72
Number of Part-time Staff 2
Number of Contract Staff 2
Number of Volunteers 50
Staff Retention Rate 91
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Ethnicity
African American/Black 7
Asian American/Pacific Islander 1
Caucasian 54
Hispanic/Latino 9
Native American/American Indian 1
Other 0 2- Persian
Staff Demographics - Gender
Male 29
Female 45
Organizational Plans
Fundraising Plan Under Development
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Yes
Number of Years Strategic Plan Considers 5
Date Strategic Plan Adopted July 2012
Management Succession Plan Under Development
Organization Policies and Procedures Yes
Affiliations
AffiliationYear
Association of Fundraising Professionals - Oklahoma Chapter2015
College Board2006
Greater Oklahoma City Chamber2011
External Assessments and Accreditations
Assessment/AccreditationYear
Oklahoma Department of Education2000
Awards
Awards
Award/RecognitionOrganizationYear
HealthCorps Partner SchoolHealthCorps Foundation2012
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? Yes
Board Chair
Name Mr. Doug Fuller
Company Affiliation Quail Creek Bank
Term June 2015 to Sept 2016
Email dfuller@quailcreekbank.com
Board of Directors
List Current as of Jan 01, 2016
Board of Directors List
NameAffiliationStatus
Kerry Alexander TIAA-CREF Financial ServicesVoting
Jerry Burger Moore EnterprisesVoting
Gen. Jay Edwards Retired, United States Air ForceVoting
Doug Fuller Quail Creek BankVoting
Judy Hatfield Equity Commercial RealityVoting
Donnie Jones OGE Energy CorpVoting
Brad Jordan Mustang Fuel CorporationVoting
Lou Kerr The Kerr FoundationVoting
Rita Moore YWCAVoting
Clayton G. Moss Hall Capital Commercial Real EstateVoting
Gen. Ben Robinson Retired, United States Air ForceVoting
Ann Simank OKC Metro AllianceVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 12
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 8
Female 4
Governance
Board Term Lengths 3 years
Percentage of Board Making Monetary Contributions to the Organization 73 %
Percentage of Board Making In-Kind Contributions to the Organization 10 %
Board Orientation Yes
Constituency Includes Client Representation No
Written Board Selection Criteria? No
Standing Committees
Advisory Board / Advisory Council
Finance
Executive
Nominating
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Advisory Board
Advisory Board Members
NameAffiliation
Gary Allison Tri-State Industries
Mickey Clagg MidTown Renaissance
Jane Haskins First Bethany Bank
Ruth Leebron-Levenson Retired
Debi Martin The First Tee
Susan McCalmont Creative Oklahoma
William Paul Crowe and Dunlevy
Becky Switzer Switzer Talent Agency
Mary Ellen Ternes McAfee and Taft
Current Fiscal Year
Fiscal Year Jan 01, 2016-Dec 31, 2016
Current Year Budgeted Total Income $446,000
Current Year Budgeted Total Expenses $165,913
Financial Documents
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 Year201520142013
Contributions------
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$302,803$5,100$18,352
------
------
Investment Income, Net of Losses------
Unrealized Gain/Loss------
Membership Dues------
Special Events$110,335$106,602$112,700
Revenue In-Kind------
Other$163,000$164,227$75,201
Expense Allocation
Fiscal Year201520142013
Program Expense$423,757$272,760$115,480
Administration Expense$2,694$11,316$26,688
Fundraising Expense$107,838$51,609$47,636
Payments to Affiliates------
Total Revenue/Total Expenses1.080.821.09
Program Expense/Total Expenses79%81%61%
Fundraising Expense/Contributed Revenue26%46%36%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$837,404$779,289$839,045
Current Assets$91,989$33,874$93,630
Long-Term Liabilities$557,537$557,537$557,537
Current Liabilities------
Total Net Assets$279,867$221,752$281,508
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets67%72%66%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountIndividuals $302,803Other $164,227Special Events $112,700
Second Highest Funding Source & Dollar AmountOther $163,000Special Events $106,602Other $75,201
Third Highest Funding Source & Dollar AmountSpecial Events $110,335Individuals $5,100Individuals $18,352
Endowment? No
Endowment Spending Policy N/A
Credit Line? Yes
Reserve Fund? No
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose to build our own campus on already-purchased land
Campaign Goal $35,000,000
Amount Raised To Date $11,000,000 as of Mar 2015
Capital Campaign Anticipated in Next Five Years? No
Comments on Financials
CEO/Executive Director/Board Comments Per state law, Charter schools are not permitted to have a reserve fund.  We do have investment accounts. 
Foundation Staff Comments
All prior year financial information is from IRS Form 990's, which was first filed in 2013. 
 
2013 program expenses were reduced by $187,878, which was the payment made to purchase land for ASTEC, Inc.
 
FY2015, 2014, and 2013 had an Administrative Fee to ASTEC, Inc. for $163,000, $163,000 and $70,000, respectively.   This revenue is included in the "Other Revenue."
 
Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.
 
 
Address 2401 NW 23RD ST STE 39A
OKLAHOMA CITY, OK 73107 2450
Primary Phone 405 947-6272
CEO/Executive Director Freda Deskin, PhD
Board Chair Mr. Doug Fuller
Board Chair Company Affiliation Quail Creek Bank