Southern Oregon University Foundation
- Assets
- $42.1m
- Revenue
- $5.0m
- Investments
- $39.2m
- Employees
- 0
- Location
- Ashland, OR
- Founding
- 01/1968
- Data as of
- 06/2021
- EIN
- 23-7030910
Organization Overview
Southern Oregon University Foundation is located in Ashland, OR. The organization was established in 1968. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Oregon University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Southern Oregon University Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHERN OREGON UNIVERSITY FOUNDATION WAS ESTABLISHED TO SUPPORT AND PROMOTE THE EDUCATIONAL, SCIENTIFIC AND CHARITABLE ACTIVITIES OF THE SOUTHERN OREGON UNIVERSITY AND PROGRAMS AND ACTIVITIES OCCURRING ON ITS CAMPUSES OR IN ITS FACILITIES OR UNDERTAKEN BY IT IN COORDINATION WITH OTHER EDUCATIONAL, SCIENTIFIC, OR CHARITABLE INSTITUTIONS. SUPPORTING AND PROMOTING INCLUDES ACTIVITIES TO SOLICIT, ACQUIRE, RECEIVE, OWN, MANAGE, INVEST, AND DISPOSE OF ANY REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF SOUTHERN OREGON UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHERN OREGON UNIVERSITY FOUNDATION PROVIDES FUNDS TO SUPPORT AND PROMOTE ACADEMIC AND ATHLETIC PROGRAMS, THE UNIVERSITY ART MUSEUM AND LIBRARY OPERATIONS, AND STUDENT AND ALUMNI ACTIVITIES OF SOUTHERN OREGON UNIVERSITY. THE FOUNDATION PROVIDED 1,385,482 OF SCHOLARSHIPS, GRANTS AND AWARDS TO STUDENTS AND ACADEMIC DEPARTMENTS AND PROGRAMS AT SOUTHERN OREGON UNIVERSITY. SOUTHERN OREGON UNIVERSITY OFFERS 37 MAJORS AND MORE THAN 103 AREAS OF STUDY TO ITS 6,000 STUDENT ENROLLMENT OF UNDERGRADUATES AND GRADUATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Bayliss President | OfficerTrustee | 1 | $0 |
Sue Kupillas Vice Preside | OfficerTrustee | 1 | $0 |
Sheri Loya Treasurer | OfficerTrustee | 1 | $0 |
Debra Lee Secretary | OfficerTrustee | 1 | $0 |
Dan Thorndike Past Preside | OfficerTrustee | 1 | $0 |
Andrew Gast Director Of | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,676,643 |
| Noncash contributions included in lines 1a–1f | $322,146 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,676,643 |
| Total Program Service Revenue | $0 |
| Investment income | $1,063,728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,529 |
| Net Income from Fundraising Events | $58,183 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,034,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,385,482 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,545 |
| Fees for services: Other | $25,898 |
| Advertising and promotion | $2,251 |
| Office expenses | $118,044 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,538 |
| All other expenses | $37,275 |
| Total functional expenses | $3,219,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,066,329 |
| Savings and temporary cash investments | $64,909 |
| Pledges and grants receivable | $626,273 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,151 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,024,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,232,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,508 |
| Total assets | $42,053,103 |
| Accounts payable and accrued expenses | $90,324 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,322 |
| Total liabilities | $363,646 |
| Net assets without donor restrictions | $3,056,795 |
| Net assets with donor restrictions | $38,632,662 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,053,103 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Oregon University Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Joe And Frances Naumes Family Foundation Inc Medford, OR PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $27,192,998 |
| Earnings | $8,374,993 |
| Net Contributions | $859,687 |
| Other Expense | $1,581,745 |
| Ending Balance | $34,845,933 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |
Providence Christian College Pasadena, CA | $1,662,159 | $9,814,467 |
San Francisco College Track Qalicb Inc Oakland, CA | $0 | $8,636,000 |
Humphreys College Stockton, CA | $28,503,602 | $8,301,244 |
Humboldt State University Foundation Arcata, CA | $57,544,376 | $13,924,277 |
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |
California Maritime Academy Foundation Inc Vallejo, CA | $17,506,406 | $6,962,051 |
Boise Bible College Inc Boise, ID | $6,828,761 | $2,750,505 |
Alliance College-Ready Middle Academy #4 Los Angeles, CA | $0 | $3,113,853 |
Southern Oregon University Foundation Ashland, OR | $42,053,103 | $5,034,083 |