Panhandle State Foundation
- Assets
- $20.8m
- Revenue
- $2.0m
- Investments
- $608.3k
- Employees
- 2
- Location
- Goodwell, OK
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 73-1019001
Organization Overview
Panhandle State Foundation is located in Goodwell, OK. The organization was established in 1978. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Panhandle State Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle State 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 12/2021, Panhandle State Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SCHOLARSHIP AND GENERAL SUPPORT OF PANHANDLE STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-SCHOLARSHIP EXPENDITURES MADE ON BEHALF OF PANHANDLE STATE UNIVERSITY IN SUPPORT OF EDUCATIONAL PROGRAMS
SCHOLARSHIPS AWARDED TO PANHANDLE STATE UNIVERSITY STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Looper Executive Direc | Officer | 20 | $40,228 |
See Attached List Of Directors Director | Trustee | 0 | $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 | $1,052,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,052,676 |
| Total Program Service Revenue | $0 |
| Investment income | $993,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,677 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,048,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $610,827 |
| Grants and other assistance to domestic individuals. | $515,112 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,228 |
| Compensation of current officers, directors, key employees. | $40,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,568 |
| Pension plan accruals and contributions | $7,487 |
| Other employee benefits | $7,761 |
| Payroll taxes | $7,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,099 |
| Fees for services: Accounting | $12,250 |
| 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 | $2,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,263,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $396,340 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,000 |
| Investments—publicly traded securities | $19,024,298 |
| Investments—other securities | $608,333 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $754,478 |
| Total assets | $20,788,449 |
| Accounts payable and accrued expenses | $15,755 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $225,414 |
| 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 | $241,169 |
| Net assets without donor restrictions | $10,885,489 |
| Net assets with donor restrictions | $9,661,791 |
| 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 | $20,788,449 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Panhandle State Foundation has recieved totaling $89,087.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $30,000 |
Baughman Foundation Liberal, KS PURPOSE: SCHOLARSHIPS | $25,000 |
Tri-County Electric Cooperative Inc Hooker, OK PURPOSE: FUNDING OF SCHOLARSHIPS | $16,000 |
Denver Foundation Denver, CO PURPOSE: THIS GRANT IS RESTRICTED TO ESTEAM. | $10,000 |
The Samuel Roberts Noble Foundation Ardmore, OK PURPOSE: 2021-2022 SCHOLARSHIPS | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |