Northeastern Oklahoma A&m College Development Foundation Inc
- Assets
- $9.8m
- Revenue
- $876.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, OK
- Founding
- 08/1985
- Data as of
- 06/2021
- 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 06/2021, Northeastern Oklahoma A&m College Development Foundation Inc generated $876.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $547.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEO FOUNDATION MISSION IS TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, BUILDING PROJECTS, AND CAMPUS INITIATIVES.
Describe the Organization's Program Activity:
THE NEO DEVELOPMENT FOUNDATION PICKS UP THE GAP BETWEEN STATE FUNDING AND THE NEEDS OF NORTHEASTERN A&M COLLEGE ACTIVITIES AND PROGRAMS THROUGH FACULTY GRANTS. THE NEO FOUNDATION FUNDS PROJECTS SUCH AS FUND A NORSEMAN WHICH PROVIDES ROOM AND MEAL PLANS, BOOKS, COLLEGE EXPERIENCES, AND PAID CLASSES FOR DESERVING STUDENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Dodson Chair Beg 1/21 | OfficerTrustee | 5 | $0 |
Rick Vandaveer Treasurer | OfficerTrustee | 5 | $0 |
David Thomas Chair End 1/21 | OfficerTrustee | 2 | $0 |
Sondra Holt Vice Chair Beg 11/20 | OfficerTrustee | 5 | $0 |
Jennifer Walker Executive Director | Officer | 37 | $0 |
Gary B Williamson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $35,355 |
| Fundraising events | $23,925 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,878 |
| Total Program Service Revenue | $0 |
| Investment income | $113,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $302,959 |
| Net Income from Fundraising Events | $4,039 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $876,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $313,233 |
| 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 | $18,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,464 |
| Fees for services: Accounting | $24,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,960 |
| Fees for services: Other | $14,848 |
| Advertising and promotion | $0 |
| Office expenses | $108,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $367 |
| All other expenses | $0 |
| Total functional expenses | $547,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,307,690 |
| 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 | $169,116 |
| Investments—publicly traded securities | $7,337,670 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $944,267 |
| Total assets | $9,758,743 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $385,499 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $575,784 |
| Unsecured mortgages and notes payable | $30,000 |
| Other liabilities | $0 |
| Total liabilities | $991,283 |
| Net assets without donor restrictions | $2,290,357 |
| Net assets with donor restrictions | $6,477,103 |
| 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 | $9,758,743 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northeastern Oklahoma A&m College Development Foundation Inc has recieved totaling $7,540.
| Awarding Organization | Amount |
|---|---|
Arvest Foundation Bentonville, AR PURPOSE: EDUCATION - GENERAL OPERATING SUPPORT | $5,000 |
Arvest Foundation Bentonville, AR PURPOSE: TO PROVIDE SUPPORT FOR A NEW LOCATION OF THE OKLAHOMA SMALL BUSINESS DEVELOPMENT CENTER TO BE HOUSED AT NEO. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Endowment Analysis
| Beg. Balance | $5,212,143 |
| Earnings | $1,149,072 |
| Net Contributions | $108,946 |
| Other Expense | $38,623 |
| Grants | $136,840 |
| Ending Balance | $6,294,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |