Carl Albert State College Development Foundation

Organization Overview

Carl Albert State College Development Foundation is located in Poteau, OK. The organization was established in 1980. 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. Carl Albert State College Development 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, Carl Albert State College Development Foundation generated $955.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $757.4k during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD A RESIDENTIAL CAMPUS, TO CREATE AN ENDOWMENT FUND FOR SCHOLARSHIPS, AND TO ESTABLISH A PROGRAM FOR ACADEMIC ENRICHMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS TO STUDENTS AT CARL ALBERT STATE COLLEGE AND FACILITY GRANTS TO SUPPORT THE BUILDINGS AND CAMPUSES OF CARL ALBERT STATE COLLEGE.


TO PROVIDE DORMITORY FACILITIES TO SUPPORT THE STUDENTS OF CARL ALBERT STATE COLLEGE.


TO PROVIDE FUNDS TO ENRICH ACADEMIC PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Holton
Chairman
$0
Ty Barrett
Vice-Chairman
$0
Buddy Spencer
Alternate Executive Commit
$0
Belva Barber
Regent Representative
$0
Deanna Reed
Regent Representative
$0
James Smith
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $78,208
All other contributions, gifts, grants, and similar amounts not included above$384,637
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$462,845
Total Program Service Revenue$254,304
Investment income $237,869
Tax Exempt Bond Proceeds $0
Royalties $0
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 $955,018

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Carl Albert State College Development Foundation has recieved totaling $4,900.

Awarding OrganizationAmount
Arvest Foundation

Bentonville, AR

PURPOSE: EDUCATION

$4,900
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,541,009
Earnings$1,336,816
Net Contributions$264,934
Other Expense$309,057
Ending Balance$8,833,702

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