University Of Oklahoma Foundation Inc
- Assets
- $2.6b
- Revenue
- $229.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Norman, OK
- Founding
- 12/1955
- Data as of
- 06/2021
- EIN
- 73-6091755
Organization Overview
University Of Oklahoma Foundation Inc is located in Norman, OK. The organization was established in 1955. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of Oklahoma Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Oklahoma 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, University Of Oklahoma Foundation Inc generated $229.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $145.3m during the year ending 06/2021. While expenses have increased by 3.9% 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.
Since 2015, University Of Oklahoma Foundation Inc has awarded 24 individual grants totaling $815,402,973. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY OF OKLAHOMA FOUNDATION IS AN INDEPENDENT NOT-FOR-PROFIT CORPORATION THAT ENCOURAGES AND SUPPORTS CHARITABLE GIVING FOR THE BENEFIT OF THE UNIVERSITY OF OKLAHOMA. THE FOUNDATION ACTS AS THE PRINCIPAL ORGANIZATION THROUGH WHICH THOSE GIFTS ARE MADE AND ADMINISTERED FOR THE BENEFIT OF THE UNIVERSITY. THE SOLE REASON FOR ITS EXISTENCE IS TO SERVE THE UNIVERSITY OF OKLAHOMA AND THE GENEROUS DONORS WHO SUPPORT THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL UNVERSITY EDUCATION ASSISTANCEEXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE RANGING FROM GENERAL SUPPLIES TO SPECIFIC PROJECTS WITHIN A DEPARTMENT OR SCHOOL OF THE UNIVERSITY.
FACILITIES AND EQUIPMENTEXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE RANGING FROM THE PURCHASE OF LAB EQUIPMENT TO CONSTRUCTION OF BUILDINGS WITHIN A DEPARTMENT OR SCHOOL OF THE UNIVERSITY.
SALARY SUPPLEMENTSSUCH EXPENDITURES ARE PROCESSED THROUGH THE UNIVERSITY'S PAYROLL SYSTEM. UPON RECEIVING ADEQUATE DOCUMENTATION, THE FOUNDATION WILL REIMBURSE THE UNIVERSITY FOR SUCH EXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE.
STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Johnson Vice President And Cio | Officer | 40 | $557,435 |
Guy L Patton President And CEO | Officer | 39 | $546,815 |
Eugene Lohmeyer Director Of Investments | 40 | $471,853 | |
Bonnie Kennedy Vice President And COO | Officer | 40 | $350,409 |
Trent Wells Vice President And CFO | Officer | 39 | $309,906 |
Keith Peters Vice President And General Counsel | Officer | 40 | $269,884 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iridian Asset Management Llc Investment Manager | 6/29/21 | $429,885 |
Parametric Portfolio Associates Investment Manager | 6/29/21 | $132,574 |
Mcafee & Taft Legal Services | 6/29/21 | $776,470 |
Conestoga Capital Advisors Llc Investment Manager | 6/29/21 | $167,450 |
Cambridge Associates Llc Investment Consultant | 6/29/21 | $1,283,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,194,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $224,755,467 |
| Noncash contributions included in lines 1a–1f | $6,618,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,949,467 |
| Total Program Service Revenue | $0 |
| Investment income | $12,401,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,222,177 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,279,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,832,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,586,722 |
| Grants and other assistance to domestic individuals. | $35,332,768 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,784,025 |
| Compensation of current officers, directors, key employees. | $2,784,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,662,122 |
| Pension plan accruals and contributions | $415,112 |
| Other employee benefits | $399,228 |
| Payroll taxes | $260,399 |
| Fees for services: Management | $464,766 |
| Fees for services: Legal | $294,793 |
| Fees for services: Accounting | $140,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,000 |
| Fees for services: Investment Management | $2,110,623 |
| Fees for services: Other | $183,360 |
| Advertising and promotion | $28,050 |
| Office expenses | $47,242 |
| Information technology | $476,667 |
| Royalties | $0 |
| Occupancy | $154,794 |
| Travel | $73,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,811 |
| Insurance | $150,452 |
| All other expenses | $93,455 |
| Total functional expenses | $145,348,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,769,149 |
| Savings and temporary cash investments | $302,929,430 |
| Pledges and grants receivable | $95,623,487 |
| Accounts receivable, net | $918,074 |
| 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 | $92,867 |
| Net Land, buildings, and equipment | $27,541,407 |
| Investments—publicly traded securities | $2,107,248,768 |
| Investments—other securities | $0 |
| Investments—program-related | $45,421,671 |
| Intangible assets | $0 |
| Other assets | $7,958,029 |
| Total assets | $2,614,502,882 |
| Accounts payable and accrued expenses | $34,413,098 |
| 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 | $450,812,466 |
| Total liabilities | $485,225,564 |
| Net assets without donor restrictions | $41,809,611 |
| Net assets with donor restrictions | $2,087,467,707 |
| 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 | $2,614,502,882 |
Grants Awarded
Over the last fiscal year, University Of Oklahoma Foundation Inc has awarded $91,586,722 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OKLAHOMA PURPOSE: SALARY SUPPLEMENTS | $43,614,346 |
UNIVERSITY OF OKLAHOMA PURPOSE: GENERAL EDUCATION ASSISTANCE | $28,999,975 |
UNIVERSITY OF OKLAHOMA PURPOSE: FACILITIES AND EQUIPMENT | $18,972,401 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that University Of Oklahoma Foundation Inc has recieved totaling $34,335.
| Awarding Organization | Amount |
|---|---|
Puterbaugh Foundation McAlester, OK PURPOSE: SCHOLARSHIPS | $30,000 |
Fongs 2014 Family Foundation Inc Houston, TX PURPOSE: DONATION | $3,335 |
Albert H Stahmer Foundation Inc Golden, CO PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $1,265,078,982 |
| Earnings | $457,079,007 |
| Admin Expense | $13,744,196 |
| Net Contributions | $131,035,792 |
| Other Expense | $20,977,183 |
| Grants | $43,871,033 |
| Ending Balance | $1,774,601,369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Colorado Foundation Denver, CO | $2,823,618,516 | $449,363,151 |
Kansas University Endowment Assoc Lawrence, KS | $2,197,256,847 | $228,491,176 |
University Of Oklahoma Foundation Inc Norman, OK | $2,614,502,882 | $229,832,156 |
Oklahoma State University Foundation Stillwater, OK | $1,286,594,622 | $191,009,042 |
Texas Tech Foundation Inc Lubbock, TX | $840,921,024 | $55,341,496 |
Kansas State University Foundation Manhattan, KS | $892,914,031 | $132,355,724 |
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 |