Northeastern Oklahoma A&m College Development Foundation Inc
- Assets
- $10.3m
- Revenue
- $1.4m
- Investments
- $15.0k
- Employees
- 0
- Location
- Miami, OK
- Founding
- 08/1985
- Data as of
- 06/2024
- EIN
- 73-1209617
Organization Overview
Northeastern Oklahoma A&m College Development Foundation Inc is located in Miami, OK. The organization was established in 1985. 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. Northeastern Oklahoma A&m College Development 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 06/2024, Northeastern Oklahoma A&m College Development Foundation Inc generated $1.4m 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 $875.4k during the year ending 06/2024. While expenses have increased by 5.9% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS TO NEO STUDENTS AND FINANCIAL SUPPORT TO NEO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION MANAGES 78 ENDOWMENTS DEDICATED TO PROVIDING TUTITION SCHOLARSHPS FOR NEO STUDENTS. THESE SCHOLARSHIPS SPAN ALL DISCIPLINES. INTEREST EARNINGS GROW ANNUALLY, ENSURING CONTINUED SUPPORT FOR STUDENTS.
COLLEGE SUPPORT - THE FOUNDATION MANAGES FUNDS FOR STUDENT PROGRAMS, ALL STUDENT CLUB AND ORGANIZATION ACCOUNTS, AS WELL AS SPECIAL FACILITY IMPROVEMENT PROJECTS. THIS INCLUDES 3 ENDOWMENTS DEDICATED TO ATHLETICS, STUDENT ACTIVITIES, AND ACADEMIC COMPETITIONS.
COMMUNITY DEVELOPMENT - THE FOUNDATION PARTICIPATES IN VARIOUS COMMUNITY ENGAGEMENT INITIATIVES INCLUDING MANAGEMENT OF THE PICHER FUND. IN ADDITION TO PROVIDING SCHOLARSHIPS FOR STUDENTS CONNECTED TO THE PICHER COMMUNITY, THE PICHER FUND ALSO SUPPORTS THE COMMUNITY'S ANNUAL REUNION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sondra Holt Board Chair | OfficerTrustee | 20 | $0 |
Clark Mcquigg Vice-Chair | OfficerTrustee | 5 | $0 |
Carmen Couch Secretary | OfficerTrustee | 5 | $0 |
Rob Kimbrough Treasurer | OfficerTrustee | 5 | $0 |
Phyllis Worley Governance Committee Chair | OfficerTrustee | 5 | $0 |
Steve Bashore Trustee | Trustee | 2 | $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 | $1,101,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,356 |
| Total Program Service Revenue | $26,945 |
| Investment income | $220,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,358 |
| Net Income from Fundraising Events | $51,144 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,405,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $381,790 |
| Grants and other assistance to domestic individuals. | $370,262 |
| 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 | $42,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,175 |
| Fees for services: Other | $12,202 |
| Advertising and promotion | $2,295 |
| Office expenses | $1,867 |
| Information technology | $441 |
| 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 | $14,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,134 |
| All other expenses | $4,903 |
| Total functional expenses | $875,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,468,581 |
| 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 | $512,040 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,000 |
| Investments—publicly traded securities | $8,225,592 |
| Investments—other securities | $15,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,584 |
| Total assets | $10,349,797 |
| Accounts payable and accrued expenses | $1,072 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $287,748 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $196,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $485,508 |
| Net assets without donor restrictions | $2,177,343 |
| Net assets with donor restrictions | $7,686,946 |
| 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 | $10,349,797 |
Grants Awarded
Over the last fiscal year, Northeastern Oklahoma A&m College Development Foundation Inc has awarded $381,790 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEASTERN OKLAHOMA A&M COLLEGE PURPOSE: College Support | $331,790 |
SOUTHEASTERN OKLAHOMA STATE UNVERSITY PURPOSE: Community Development | $50,000 |