Rogers State University Foundation
- Assets
- $25.9m
- Revenue
- $1.9m
- Investments
- $486.0k
- Employees
- 0
- Location
- Claremore, OK
- Founding
- 06/1974
- Data as of
- 06/2023
- EIN
- 73-0957262
Organization Overview
Rogers State University Foundation is located in Claremore, OK. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Rogers State 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 06/2023, Rogers State University Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $2.9m 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
SUPPORT ROGERS STATE UNIVERSITY'S PROGRAMS, SERVICES AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE TO ROGERS STATE UNIVERSITY; INCLUDING SCHOLARSHIPS, WAGE ASSISTANCE, STAFF PROJECTS AND OTHER DIRECT SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Burrus Director | Trustee | 1 | $0 |
Nick Harris Chairman | OfficerTrustee | 1 | $0 |
Misty Choat Director | Trustee | 1 | $0 |
Kay Ingersoll Director | Trustee | 1 | $0 |
Ken Colley Director | Trustee | 1 | $0 |
Joe Jones Secretary/treas | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $170,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $989,441 |
| Noncash contributions included in lines 1a–1f | $202,198 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,159,516 |
| Total Program Service Revenue | $407,505 |
| Investment income | $462,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,026 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$121,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,912,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,677,371 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $12,420 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $8,277 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,853,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $245,216 |
| Pledges and grants receivable | $351,112 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $27,373 |
| Net Land, buildings, and equipment | $1,245,422 |
| Investments—publicly traded securities | $23,416,488 |
| Investments—other securities | $485,954 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,020 |
| Total assets | $25,854,585 |
| Accounts payable and accrued expenses | $54,115 |
| 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 | $0 |
| Total liabilities | $54,115 |
| Net assets without donor restrictions | $2,779,557 |
| Net assets with donor restrictions | $23,020,913 |
| 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 | $25,854,585 |
Grants Awarded
Over the last fiscal year, Rogers State University Foundation has awarded $2,806,090 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BIT-BY-BIT THERAPEUTIC RIDING PURPOSE: Pay program expenses / trans assets | $1,192,879 |
ROGERS STATE UNIVERSITY PURPOSE: Support of RSU | $1,613,211 |