University Of Science And Arts Of Oklahoma Alumnae Association Inc
- Assets
- $3.6m
- Revenue
- $99.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Chickasha, OK
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 73-1366971
Organization Overview
University Of Science And Arts Of Oklahoma Alumnae Association Inc, operating under the name USAO Alumni Association, is located in Chickasha, OK. The organization was established in 1995. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. USAO Alumni Association 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, USAO Alumni Association generated $99.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $144.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO PERPETUATE AND PROMOTE THE INTEREST OF THE UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA USAO TO PROVIDE LEADERSHIP FOR THE ALUMNI ENCOURAGE ENROLLMENT THE UNIVERSITY AND TO TAKE OTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS USED FOR USAO STUDENTS
HOMECOMING AND OTHER EVENTS AND PROJECTS FOR ALUMNI AND THE UNIVERSTIY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Walker President | Officer | 7 | $0 |
Robert Newbrough Treasurer | Officer | 6 | $0 |
Dawn Reitan-Brockman Executive Director | Trustee | 15 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $38,351 |
| Investment income | $59,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,990 |
| 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 | $99,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,234 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,400 |
| Information technology | $0 |
| 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 | $6,648 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $144,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $475,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,011,128 |
| Intangible assets | $14,546 |
| Other assets | $100,000 |
| Total assets | $3,601,176 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,181,795 |
| Net assets with donor restrictions | $2,419,381 |
| 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 | $3,601,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Science And Arts Of Oklahoma Alumnae Association Inc has recieved totaling $204.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $204 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Angelo State University Foundation Inc San Angelo, TX | $35,914,777 | $13,132,707 |
Ex Students Association Of The Austin, TX | $164,001,121 | $27,599,217 |
Leadership Education Foundation College Station, TX | $3,972,064 | $10,009,970 |
Communities In Schools Of Greater Tarrant County Inc Fort Worth, TX | $6,563,272 | $10,310,134 |
Kansas University Alumni Association Lawrence, KS | $43,406,063 | $19,795,614 |
Oklahoma State University Alumni Association Stillwater, OK | $25,317,339 | $3,350,380 |
Alumni Association Of Kansas State University Manhattan, KS | $26,684,842 | $5,906,410 |
Texas Tech Alumni Association Lubbock, TX | $17,376,523 | $4,664,357 |
Delta Delta Delta Foundation Dallas, TX | $24,531,824 | $3,988,064 |
The North American Foundation For The University Of Durham Inc Denver, CO | $67,216 | $2,577,869 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |