Oklahoma Afterschool Network Inc. (OKAN) Market Research Report

Background

Overview

Founded in 2002, the Oklahoma Afterschool Network Inc. (OKAN) is a 501(c)(3) nonprofit organization headquartered in Oklahoma City, Oklahoma. OKAN is dedicated to ensuring that children and youth in Oklahoma have access to safe, enriching learning opportunities during their out-of-school time. The organization primarily focuses on providing high-quality Science, Technology, Engineering, Arts, and Mathematics (STEAM) programs to urban elementary schools in Oklahoma City.

Mission and Vision

OKAN's mission is to ensure that all children and youth in Oklahoma have access to safe and enriching learning opportunities during their out-of-school time. The organization envisions a community where every child has the opportunity to engage in meaningful educational experiences that foster growth and development.

Industry Significance

As a key player in the afterschool program sector, OKAN addresses the critical need for quality out-of-school time programs in Oklahoma. By focusing on STEAM education, OKAN contributes to the development of skills essential for the modern workforce, thereby enhancing the state's educational landscape and economic growth.

Key Strategic Focus

Core Objectives

Expand Access to Quality Programs: Increase the availability of high-quality afterschool programs across Oklahoma, particularly in underserved urban areas.

Enhance STEAM Education: Provide engaging and effective STEAM learning experiences to foster critical thinking and problem-solving skills among students.

Strengthen Community Partnerships: Collaborate with local organizations, schools, and government entities to create a supportive network for afterschool initiatives.

Areas of Specialization

STEAM Education: Design and implement programs that integrate science, technology, engineering, arts, and mathematics to promote holistic learning.

Program Development and Evaluation: Develop curricula and assess program effectiveness to ensure continuous improvement and alignment with educational standards.

Key Technologies Utilized

Educational Technology Tools: Incorporate digital platforms and software to enhance interactive learning experiences.

Data Management Systems: Utilize systems to track student progress, program outcomes, and resource allocation.

Primary Markets Targeted

Urban Elementary Schools: Focus on schools in Oklahoma City that serve a diverse student population with varying needs.

Community Organizations: Partner with local nonprofits and community groups to extend program reach and impact.

Financials and Funding

Funding History

OKAN operates as a nonprofit organization, primarily funded through grants, donations, and partnerships. In fiscal year 2020, the organization reported total revenues of $185,870 and expenses of $100,421, resulting in net assets of $206,671.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, OKAN has received support from various foundations and government entities to advance its mission.

Notable Investors and Donors

Charles Stewart Mott Foundation: Provided support for the establishment of the Oklahoma Statewide Afterschool Network, of which OKAN is a part.

Mott Foundation: Awarded grants to the Oklahoma Public School Resource Center to coordinate the Oklahoma Statewide Afterschool Network, indirectly supporting OKAN's initiatives.

Utilization of Capital

Funds are utilized to develop and implement afterschool programs, provide professional development for educators, and support operational costs associated with program delivery and evaluation.

Pipeline Development

Key Programs and Initiatives

Afterschool and Summer STEAM Report: A partnership with the City of Oklahoma City to provide STEAM programs to elementary students in the urban core.

Summer STEAM Academy: An annual program offering intensive STEAM education during the summer months to prevent learning loss and engage students in hands-on projects.

Stages of Development

OKAN's programs are in various stages, from initial planning and curriculum development to full implementation and ongoing evaluation.

Target Conditions

The programs aim to address educational disparities, promote STEAM literacy, and provide safe environments for children during out-of-school hours.

Anticipated Milestones

Program Expansion: Increase the number of schools and students served by the end of each academic year.

Outcome Assessments: Conduct evaluations to measure program effectiveness and inform future program development.

Technological Platform and Innovation

Proprietary Technologies

OKAN utilizes a combination of proprietary and third-party educational technologies to deliver interactive and engaging learning experiences.

Significant Scientific Methods

Curriculum Design: Employs research-based methodologies to develop STEAM curricula that align with educational standards and student needs.

Data Analytics: Utilizes data analysis to assess program outcomes and inform continuous improvement strategies.

Leadership Team

Executive Profiles

Sheryl Lovelady: Executive Director. Oversees organizational operations and strategic direction. Compensation: $36,000.

Angela Monson: Chair. Provides leadership and governance oversight. Compensation: $0.

Amanda Winton: Vice Chair. Supports the Chair in governance and strategic initiatives. Compensation: $0.

Leadership Changes

No recent significant changes or appointments within the leadership team have been publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The afterschool program sector in Oklahoma faces challenges such as limited state funding and a high demand for quality programs. In fiscal year 2015, Oklahoma received $11.9 million in federal grants for afterschool programs, ranking 13th lowest in the nation in per-child funding.

Competitor Analysis

Oklahoma Public School Resource Center (OPSRC): Coordinates the Oklahoma Statewide Afterschool Network, aiming to expand access to high-quality afterschool programs.

New Hope Oklahoma: Offers summer camps and events for children whose parents were incarcerated, focusing on breaking the cycle of generational incarceration.

Strategic Collaborations and Partnerships

OKAN collaborates with various community organizations, schools, and government entities to enhance program delivery and impact. Notably, OKAN partners with the City of Oklahoma City's Strong Neighborhoods Initiative to provide STEAM programs to urban elementary students.

Operational Insights

OKAN differentiates itself through its focus on STEAM education, targeting urban elementary schools in Oklahoma City. The organization leverages community partnerships to extend its reach and effectiveness.

Strategic Opportunities and Future Directions

Strategic Roadmap

Program Expansion: Increase the number of schools and students served by developing new partnerships and securing additional funding.

Advocacy: Engage in advocacy efforts to secure increased state funding for afterschool programs, addressing the funding disparities in Oklahoma.

Professional Development: Enhance training and support for educators to improve program quality and student outcomes.

Future Business Directions

OKAN plans to expand its program offerings, strengthen community partnerships, and advocate for policy changes to support afterschool initiatives.

Opportunities for Expansion

Opportunities include extending programs to additional schools, incorporating new STEAM disciplines, and increasing community engagement through volunteerism and local partnerships.

Competitive Advantages

OKAN's focus on STEAM education, established community partnerships, and commitment to quality program delivery position it well to achieve its future objectives.