Oklahoma State University Foundation
- Assets
- $1.3b
- Revenue
- $253.1m
- Investments
- $880.6m
- Employees
- 205
- Location
- Stillwater, OK
- Founding
- 01/1963
- Data as of
- 06/2022
- EIN
- 73-6097060
Organization Overview
Oklahoma State University Foundation is located in Stillwater, OK. The organization was established in 1963. 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 06/2022, Oklahoma State University Foundation employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma State 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, Oklahoma State University Foundation generated $253.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $112.2m during the year ending 06/2022. While expenses have increased by 3.0% 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.
Since 2017, Oklahoma State University Foundation has awarded 21 individual grants totaling $169,464,006. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
GENERAL UNIVERSITY SUPPORT INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR STUDENT SCHOLARSHIPS AND THE TRANSFERS OF MOST GIFTS-IN-KIND DONATED TO THE UNIVERSITY, THESE FUNDS ALSO SUPPORT PROGRAMS THAT SUSTAIN OVERALL UNIVERSITY PURPOSES AND OBJECTIVES AND IMPROVE QUALITY OF STUDENT LIFE SUCH AS ACADEMIC AFFAIRS, PERFORMING ARTS, INTERNATIONAL AND DIVERSITY STUDIES, RESIDENTIAL LIFE, STUDENT AFFAIRS, AND OTHER INSTRUCTIVE PROGRAMS.
OTHER PROGRAM EXPENSES INCLUDE EXPENDITURES TO SUPPORT OKLAHOMA STATE UNIVERSITY'S LIBRARY AND ITS PROGRAMS, ENDOWED FACULTY AND LECTURESHIP PROGRAMS, AND RESEARCH CONDUCTED BY THE UNIVERSITY.
INTERCOLLEGIATE ATHLETICS INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR THE BENEFIT OF MEN'S AND WOMEN'S ATHLETIC PROGRAMS AT OKLAHOMA STATE UNIVERSITY, INCLUDING ACADEMIC ENRICHMENT FOR STUDENT ATHLETES, BUDGET SUPPORT FOR SPECIFIC TEAM SPORTS AND GENERAL BUDGET SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC DEPARTMENT.
FACILITIES AND EQUIPMENT INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR CAPITAL IMPROVEMENT OF THE UNIVERSITY CAMPUS, CONSTRUCTION OF NEW FACILITIES, RENOVATION OF EXISTING FACILITIES, FURNISHINGS AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaire Atkinson President | OfficerTrustee | 50 | $335,694 |
Bryan Begley Trustee | Trustee | 1 | $0 |
Brian Callahan Trustee | Trustee | 1 | $0 |
Jan Cloyde Trustee | Trustee | 1 | $0 |
Patrick Cobb Trustee | Trustee | 1 | $0 |
Ann Dyer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uc Innovation Inc Software Consulting | 6/29/22 | $517,000 |
Debra C Engle Consulting Llc Consulting & Fundraising | 6/29/22 | $301,689 |
Blackbaud Inc Software & Consulting | 6/29/22 | $231,637 |
Gungoll Jackson Box And Devoll Pc Legal Services | 6/29/22 | $259,315 |
Zuri Group Llc Consulting | 6/29/22 | $215,175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $292,809 |
| Related organizations | $1,500,140 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,761,942 |
| Noncash contributions included in lines 1a–1f | $15,168,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,554,891 |
| Total Program Service Revenue | $4,998,119 |
| Investment income | $8,989,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,715,294 |
| Net Rental Income | $211,013 |
| Net Gain/Loss on Asset Sales | $72,435,186 |
| Net Income from Fundraising Events | -$121,135 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,926 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,058,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,605,487 |
| 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. | $1,412,237 |
| Compensation of current officers, directors, key employees. | $650,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,840,476 |
| Pension plan accruals and contributions | $1,140,479 |
| Other employee benefits | $1,695,583 |
| Payroll taxes | $924,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $266,656 |
| Fees for services: Accounting | $252,747 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $421,197 |
| Fees for services: Investment Management | $7,305,592 |
| Fees for services: Other | $950,203 |
| Advertising and promotion | $520,029 |
| Office expenses | $526,461 |
| Information technology | $1,361,181 |
| Royalties | $0 |
| Occupancy | $725,730 |
| Travel | $1,028,074 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,088 |
| Interest | $274,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $839,048 |
| Insurance | $257,149 |
| All other expenses | $7,710,897 |
| Total functional expenses | $112,170,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,127,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $121,076,224 |
| Accounts receivable, net | $7,606,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $875,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,227,984 |
| Investments—publicly traded securities | $250,133,494 |
| Investments—other securities | $880,581,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,889,370 |
| Total assets | $1,318,517,110 |
| Accounts payable and accrued expenses | $4,053,201 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $35,020,974 |
| Other liabilities | $19,431,537 |
| Total liabilities | $58,520,712 |
| Net assets without donor restrictions | $367,177,273 |
| Net assets with donor restrictions | $892,819,125 |
| 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 | $1,318,517,110 |
Grants Awarded
Over the last fiscal year, Oklahoma State University Foundation has awarded $25,605,487 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $23,386,045 |
FOUNDATION FOR THE MCKNIGHT CENTER PERFORMING ARTS PURPOSE: PROGRAM SUPPORT | $2,169,442 |
TULSA AREA UNITED WAY PURPOSE: PROGRAM SUPPORT | $25,000 |
GRACE EVANGELICAL LUTHERAN CHURCH PURPOSE: PROGRAM SUPPORT | $25,000 |