Langston University Foundation
- Assets
- $6.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Langston, OK
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 11-3815948
Organization Overview
Langston University Foundation is located in Langston, OK. The organization was established in 2008. 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, Langston University Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Langston 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 06/2021, Langston University Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $888.8k during the year ending 06/2021. While expenses have increased by 4.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO RAISE MONEY TO SUPPORT LANGSTON UNIVERSITY.
Describe the Organization's Program Activity:
SCHOLARSHIPS: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS FROM ALUMNI AND FRIENDS OF LANGSTON UNIVERSITY FOR SCHOLARSHIPS TO SUPPORT DESERVING STUDENTS AT LANGSTON UNIVERSITY.
LU SCHOOL AND DEPARTMENT SUPPORT: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS TO SUPPORT THE VARIOUS SCHOOLS, PROGRAMS OF STUDY, AND DEPARTMENTS AT LANGSTON UNIVERSITY TO ASSIST THE FACULTY IN PROVIDING THE HIGHEST QUALITY OF EDUCATION TO THEIR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Darrell Jefflo Chairman | OfficerTrustee | 1 | $0 |
Mrs Mautra Jones Executive Director | OfficerTrustee | 40 | $0 |
Mr Marlon James Director | Trustee | 1 | $0 |
Mrs Vanessa Brown Director | Trustee | 1 | $0 |
Dr Wayne Jones Director | Trustee | 1 | $0 |
Mrs Charifa Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,980 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,126,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,714 |
| Total Program Service Revenue | $0 |
| Investment income | $51,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,482 |
| Net Income from Fundraising Events | -$36,582 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $514,729 |
| Grants and other assistance to domestic individuals. | $180,623 |
| 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 | $36,198 |
| Fees for services: Legal | $377 |
| Fees for services: Accounting | $64,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,000 |
| Fees for services: Investment Management | $18,268 |
| Fees for services: Other | $5,016 |
| Advertising and promotion | $1,970 |
| Office expenses | $1,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,329 |
| Travel | $238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134 |
| Interest | $58 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $225 |
| All other expenses | $6,811 |
| Total functional expenses | $888,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,293,690 |
| Savings and temporary cash investments | $104,811 |
| Pledges and grants receivable | $254,839 |
| 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 | $6,111 |
| Net Land, buildings, and equipment | $13,019 |
| Investments—publicly traded securities | $3,439,053 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,111,523 |
| Accounts payable and accrued expenses | $14,924 |
| 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 | $14,924 |
| Net assets without donor restrictions | $125,676 |
| Net assets with donor restrictions | $5,970,923 |
| 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 | $6,111,523 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Langston University Foundation has recieved totaling $243,544.
| Awarding Organization | Amount |
|---|---|
Oneok Foundation Inc Tulsa, OK PURPOSE: ONEOK ACADEMIC SCHOLARSHIPS IN ACCOUNTING | $50,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: THE ANNE AND HENRY ZARROW FOUNDATION SCHOLARSHIP FUND WITH $25,000 DESIGNATED FOR STUDENTS ATTENDING THE LANGSTON TULSA CAMPUS | $50,000 |
Jack And Jill Of America Foundation Inc Washington, DC PURPOSE: SCHOLARSHIPS | $29,093 |
Thurgood Marshall College Fund Inc Washington, DC PURPOSE: Grow with Google HBCU Career Readiness Program Grant | $20,000 |
National 4-H Council Chevy Chase, MD PURPOSE: EDUCATIONAL | $17,424 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,268 |
Endowment Analysis
| Beg. Balance | $3,131,130 |
| Earnings | $635,641 |
| Net Contributions | $146,456 |
| Other Expense | -$131,514 |
| Ending Balance | $4,044,741 |
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 |