Southern Nazarene University Foundation

Organization Overview

Southern Nazarene University Foundation is located in Bethany, OK. The organization was established in 1988. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Southern Nazarene 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 06/2022, Southern Nazarene University Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 9.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION SUPPORTS SOUTHERN NAZARENE UNIVERSITY, A 501(C)(3) ENTITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS UNDER THE CONTROL OF THE SNU FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Keith Newman
University President
$0
Phil White
Treasurer
$0
Toni Miller
President
$0
Jr Emrich
Vice President
$0
Tamara Berg
Board Member
$0
Jon Cargill
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$163,525
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$962,854
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,126,379
Total Program Service Revenue$227,984
Investment income $690,888
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $425,749
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,471,000

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Southern Nazarene University Foundation has recieved totaling $7,500.

Awarding OrganizationAmount
Textron Charitable Trust 540 008

Providence, RI

PURPOSE: MATCHING GIFT TO EDUCATION

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,994,100
Earnings-$3,239,600
Net Contributions$926,635
Other Expense$1,372,223
Ending Balance$29,308,912

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