Cameron University Foundation Inc
- Assets
- $33.0m
- Revenue
- $6.7m
- Investments
- $12.5m
- Employees
- 0
- Location
- Lawton, OK
- Founding
- 05/1972
- Data as of
- 06/2023
- EIN
- 23-7168952
Organization Overview
Cameron University Foundation Inc is located in Lawton, OK. The organization was established in 1972. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Cameron University Foundation Inc 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 06/2023, Cameron University Foundation Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SUPPORT TO CAMERON UNIVERSITY AND SCHOLARSHIPS FOR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - ASSISTS STUDENTS WITH PAYING TUITION AND FEES AT CAMERON UNIVERSITY
CAMERON UNIVERSITY FACILITIES & SUPPORT - PROVIDES FUNDING FOR ENDOWED CHAIRS AND LECTURESHIPS, ATHLETICS SUPPORT AND GENERAL UNIVERSITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Braught President | OfficerTrustee | 1 | $0 |
Jennifer Meason Vice President | OfficerTrustee | 1 | $0 |
David Madigan Vice President Elect | OfficerTrustee | 1 | $0 |
Jay Johnson Treasurer | OfficerTrustee | 1 | $0 |
John Veal Secretary | OfficerTrustee | 1 | $0 |
Mark Ashton Director | Trustee | 1 | $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 | $1,166,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,166,076 |
| Total Program Service Revenue | $0 |
| Investment income | $2,091,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| Net Gain/Loss on Asset Sales | $3,397,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,659,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,243,915 |
| Grants and other assistance to domestic individuals. | $390,048 |
| 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 | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,455 |
| Office expenses | $11,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,380 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,664,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,358 |
| Savings and temporary cash investments | $11,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $518,682 |
| Investments—publicly traded securities | $18,458,995 |
| Investments—other securities | $12,514,881 |
| Investments—program-related | $1,246,544 |
| Intangible assets | $0 |
| Other assets | $72,076 |
| Total assets | $32,991,257 |
| Accounts payable and accrued expenses | $8,008 |
| 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 | $199,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $207,972 |
| Net assets without donor restrictions | $7,622,789 |
| Net assets with donor restrictions | $25,160,496 |
| 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 | $32,991,257 |