annual report 2010
It s a new kind of math. $12 million + 138 schools + 60,000 students + 4,000 teachers and administrators = 1 better state With one $30 million gift from AT&T Oklahoma and the vision of former Oklahoma Attorney General Drew Edmondson in 2001, the Oklahoma Educational Technology Trust was created and education was changed for the better. Managed by Communities Foundation of Oklahoma, OETT funds new technology equipment in classrooms and provides specialized professional development for teachers. Long gone are the days of big computer labs and overhead projectors. Students in OETT schools have learning in the palms of their hands...literally. Technology may be getting smaller but the opportunity to use it for learning is bigger than ever. Personal. Real. Fun. That s how to describe learning...if you re at an OETT school.
phase I leadership training To help administrators and teachers better understand what is necessary for school and student success, OETT contracts with the K20 Center for Educational and Community Renewal at the University of Oklahoma. Participants learn about IDEALS for Student Achievement and how they relate to technology use in the classroom. phase II granting process Grove Valley Elementary School, Deer Creek Schools and districts whose superintendents and/or administrators have completed Phase I are eligible to apply for OETT grants. Phase II grants provide new technology equipment, professional development, and staff release time. Schools are selected through a blind selection process by grant review teams representing the technology and education fields as well as the overall community. sustaining phase II grants Sustaining Phase II grants provide additional funding for equipment upgrades, repair/ replacement, and ongoing professional development needs to a limited number of past OETT grant schools. Wanette Elementary School
phase II schools Bartlesville High School 2010 grant schools Choctaw High School Grove Valley Elementary School, Deer Creek Webster Elementary, El Reno Idabel Middle School Maryetta Elementary School Steed Elementary School, Midwest City Steed Elementary School, Midwest City Newcastle High School Pocola High School Ringwood Public Schools Silo Elementary School Grove Valley Elementary School, Deer Creek Sulphur Junior High School Tuttle Middle School sustaining phase II schools Wanette Elementary School Will Rogers Elementary School, Vinita Tuttle Middle School
Kansas Elementary School Luther Elementary School Monroe Elementary School, Norman Copan School Dover School District Fairview School District Grand View School District In 2009, ten Oklahoma public schools received $650,000 from the Oklahoma Educational Technology Trust for new technology and professional development. The number of schools may have been smaller than in past years, but the impact was huge. Pay It Forward. Teachers at Luther Elementary School have been instructing the Middle School teachers in technology use. Let s Work Together. Teachers at Newcastle Middle School and past OETT grant schools in Bridge Creek and Tuttle collaborate for new teaching and assessment ideas. History in the Making. A Choctaw Nicoma Park Westfall Elementary School father, serving in the military in the Middle East, sends videos to his child s class to introduce the students to life in a different country. Our Town. Students in Copan s Gifted and Talented program are collecting stories and creating a history of Copan for Oklahoma Voices. Bienvenidos a Oklahoma. Dover Schools host computer and English classes for Hispanic parents after school. Newcastle Middle School Westfall Elementary School, Choctaw Wilson Elementary School, Bartlesville a year in review: 2009 grant schools
2009 Oklahoma Educational Technology Trust Grants-to-Schools Evaluation Grant School Grant Evaluation Sustainability Exceeded Expectations Met Expectations Did Not Meet Expectations Significant Moderate Minimal Bartlesville Wilson Elementary X X Choctaw-Nicoma Park Westfall Elementary X X Copan K-8 School X X Dover Public Schools X X Fairview Public Schools X X Grandview School X X Kansas Elementary X X Luther Elementary X X Newcastle Middle School X X Norman Monroe Elementary X X Exceeded Expectations: Strong, shared & supportive leadership Professional learning communities being established Plan developed for sustaining or exceeding grant goals Staff committed to technology integration Met Expectations: Traditional philosophy leadership Prominence of traditional secondary structure & isolation Minimal district support for professional development or technology equipment Multiple initiatives impeding significant progress Technology primarily a teacher tool Sustainability: Professional learning communities being established Staff committed to technology integration Staff committed to professional learning & sharing Evidence of practices of high achieving schools Four indicators present = Significant Success Three indicators present = Moderate Success One or two indicators present = Minimal Success Did Not Meet Expectations: Lack of support for professional development at district and/or site level Significant resistance to change at district and/or site levels Combination of multiple factors listed in Met Expectations
Steed Elementary School, Midwest City The key to success of the Oklahoma Educational Technology Trust grants is combining new technology with professional development. We are making more than just random acts of improvements in Oklahoma classrooms; we are focused on long term change. Steven Crawford, Oklahoma Educational Technology Trust Chair
leadership Board of Trustees & Appointing Entities Lela Odom, Chair (January July) Oklahoma Education Association Steven Crawford, Chair (August December) Cooperative Council for Oklahoma School Administration Dr. Keith Ballard (January July) Lloyd Snow (August December) Oklahoma State Superintendent of Public Instruction Dr. Phil Berkenbile Oklahoma Department of Career & Technology Education Dan Hattaway Oklahoma Attorney General Jeff Mills Oklahoma State School Boards Association State Senator Susan Paddack (January July) State Senator Clark Jolley (August December) Oklahoma State Senate Education Committee Bob Stafford AT&T Oklahoma State Representative John Wright (January July) State Representative Sally Kern (August December) Oklahoma House of Representatives Education Committee Management Team Foundation Management, Inc, & Communities Foundation of Oklahoma Frank Merrick, Susie Graves, Sherrie Schroeder, Gloria Hamlin, Amy Klinge, Cheyenne Christesson Investment Team BancFirst Trust & Investment Management Mike Dickinson, Brad Zerger Professional Development Team Leads K20 Center at the University of Oklahoma Dr. Gregg Garn, Dr. Linda Atkinson Dr. Jean Cate & Sharon Wilbur, Phase I Committees Audit (January July) Dr. Phil Berkenbile, Chair Lisa Eden Lu Norman Diane Wigley Martha Stewart Audit (August December) Lela Odom, Chair Lisa Eden Martha Stewart Lloyd Snow State Senator Clark Jolley Finance/Investment (January July) Bob Stafford, Chair Dr. Phil Berkenbile Claudia Holliman Jeff Mills Ann Dagg Finance/Investment (August December) Dr. Jeff Mills, Chair Bob Stafford Ann Dagg Claudia Holliman Grants (January July) Steven Crawford, Chair Malinda Berry Fischer Jill Geiger Dr. Dottie Hager Mary Marks Jenkins State Senator Susan Paddack Terri Silver Grants (August December) Dr. Phil Berkenbile, Chair Dan Hattaway State Representative Sally Kern Malinda Berry Fischer Jill Geiger Dr. Dottie Hager Mary Marks Jenkins Terri Silver
financial statements december 31, 2010 Audited statements for 2010 is in process. To review the 2009 audit, visit www.oett.org. Statement of Financial Position 2010 2009 2008 2007 2006 ASSETS Cash $ 192,003 137,609 416,013 375,103 322,845 Investments 30,993,482 28,975,200 24,831,317 32,737,400 33,333,116 Accrued Interest 47,384 66,967 118,308 99,469 - TOTAL ASSETS $ 31,232,869 29,179,776 25,365,638 33,211,972 33,655,961 LIABILITIES & NET ASSETS Grants Payable $ 2,524,000 3,800,000 5,060,000 6,322,000 7,572,000 Accrued Fees 6,148 5,278 7,062 7,075 6,910 TOTAL LIABILITIES $ 2,530,148 3,805,278 5,067,062 6,329,075 7,578,910 Unrestricted Net Assets 28,702,721 25,374,498 20,298,576 26,882,897 26,077,051 TOTAL LIABILITES & NET ASSETS $ 31,232,869 29,179,776 25,365,638 33,211,972 33,655,961 Additional information on individual investment managers, overall portfolio performance, and investment fees are available upon request.
financial statements december 31, 2010 Statement of Activities 2010 2009 2008 2007 2006 REVENUES Contributions $ 172,575 - - - - Investment Earnings 656,020 706,292 890,430 933,707 924,992 Realized Gains/Losses 180,448 (1,012,633) (1,293,258) 1,412,401 2,037,768 Unrealized Gains/Losses 2,320,859 5,261,528 (5,829,003) (1,218,988) (414,709) TOTAL REVENUES $ 3,329,902 4,955,187 (6,231,831) 1,127,120 2,548,051 EXPENSES Audit $ 3,900 2,600 2,730 2,600 2,600 Bank Charges 46 360 950 1,074 890 Grants Expense (316,000) (470,000) (2,000) - 6,497,000 Insurance - 4,655 4,655 4,645 4,645 Management Fees 180,677 180,000 189,144 206,450 200,990 Meeting Expense 791 1,135 3,215 2,094 2,035 Miscellaneous Expense - - 15 86 - Portfolio Management Fees 129,473 110,961 165,792 202,695 207,407 Professional Fees - - 5,000 - - Printing and Publication 2,793-612 716 272 Website - - 1,360 219 4,029 TOTAL EXPENSE $ 1,680 (170,289) 371,473 420,579 6,919,868 Excess of Revenues Over Expenses $ 3,328,221 5,125,476 (6,603,304) 706,541 (4,371,817)
Oklahoma Educational Technology Trust Assets Total Grants Paid Inception to Date $11,866,980 12/31/10 Grants paid $960,000 $31,261,104 12/31/09 Grants paid $790,000 $29,179,777 12/31/08 Grants paid $1,260,000 $25,365,642 12/31/07 Grants paid $1,250,000 $33,211,972 12/31/06 Grants paid $1,369,120 $33,655,962 12/31/05 Grants paid $1,656,620 $32,899,898 12/31/04 Grants paid $2,022,240 $33,532,926 12/31/03 Grants paid $2,029,000 $32,786,599 12/31/02 Grants Paid $530,000 $30,701,617 12/31/2001 $31,716,205 Initial Contribution 2001 $30,725,049
Download more information at www.oett.org. 2010 Grant School Summaries & Budgets Audit Board of Trustee Meeting Agendas & Minutes Bylaws Investment Policy IRS Form 990 Phase II Application Trust Agreement
2932 N.W. 122nd, Suite D Oklahoma City, Oklahoma 73120 405.488.1450 877.689.7726 toll-free 405.755.0938 fax www.oett.org