Omaha Schools Foundation Ranks THIRD in National Study of K-12 Education Foundations
“Stepping Up: The Top K-12 Education Foundations in the Nation” shows while Omaha is the 98th largest school district its education foundation is one of the best
(Sept. 24, 2014) – The nation’s only study and ranking of K-12 education foundations, “Stepping Up: The Top K-12 Education Foundations in the Nation,” has ranked Omaha Schools Foundation third in the nation. While Omaha is the 98th largest school district its education foundation is one of the best in the nation. Stepping Up looked at eight key performance categories to determine the ranking: annual revenues, revenues per student, total assets, assets per student, investment income, total program expenses, expenses per student, and human capital (volunteers).
The purpose of the Stepping Up Study is to advocate the importance of K-12 education foundations while recognizing those that do it best.
“Most parents have never heard of their local K-12 education foundation, yet nearly all children are impacted by the foundation’s work,” said Dewey Caruthers, president of dewey & associates and author of the study. “Education foundations enhance public education in many vital ways; for instance, with scholarships that send low-income students to college, arts and music programs that open children’s minds to more than a high-stakes test and dropout prevention efforts that keep students from quitting, just to name a few.”
The study reviews K-12 education foundations in the top 100 largest school districts in the nation (by population). The eight performance categories used in the study pulls information directly from the foundations’ 990 filings with the U.S. Internal Revenue Service. Per student calculations are added to better reveal the impact a foundation is having based on the number of students in the district.
“Some foundations raise large amounts of money, but when compared to the number of students in their districts, it becomes clear the impact on most students is minimal,” said Caruthers.
In addition to the overall national rankings, four divisions were created to divide foundations based on annual revenues. Division 1 includes foundations with $2 million or more in revenue; Division 2 includes foundations with revenue of $1 million to $1,999,999; Division 3 includes foundations with half a million dollars to $999,999 in revenues; and division 4 includes foundations with less than half a million dollars in revenue.
“Stepping up is about much more than comparing a $3 million a year foundation to a $300,000 one,” said Caruthers. “This study proves that some of the foundations in smaller districts are among the top-performing foundations.”
In terms of its division, Omaha Schools Foundation still comes in at third place. To review the full Stepping Up study, visit http://deweyandassociates.com.
About Dewey & Associates
Founded in 2000, dewey & associates (d&a) is a national management and strategy consulting practice based in Tampa Bay, Florida. The firm does strategic planning for various types of organizations and efforts, but specializes in obesity prevention, K-12 education and juvenile justice reform. d&a conducts national and state studies in education and juvenile justice reform. It previously conducted Stepping Up in 2012 and will conduct the study annually moving forward.