Oklahoma State University Research Foundation Inc
- Assets
- $8.0m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Stillwater, OK
- Founding
- 11/1969
- Data as of
- 06/2021
- EIN
- 23-7043186
Organization Overview
Oklahoma State University Research Foundation Inc, operating under the name Osu Research Foundation, is located in Stillwater, OK. The organization was established in 1969. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Osu Research Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osu Research 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, Osu Research Foundation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $8.6m during the year ending 06/2021. While expenses have increased by 10.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION (OSURF) HAS A MISSION TO PROVIDED STATE-WIDE LEADERSHIP FOR OSU'S COMMITMENT TO INNOVATION AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC. (OSURF) RECEIVED AND ADMINISTERED FUNDS FROM FEDERAL AND STATE AGENCIES, AND FROM PRIVATE SOURCES FOR PURPOSES OF CARRYING OUT EDUCATIONAL AND RESEARCH PROGRAMS OF THE UNIVERSITY. FEDERAL AND STATE CONTRACTS FOR FISCAL YEAR END 2020 INCLUDED THE U.S. DEPARTMENT OF DEFENSE AND THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA). OSURF PROVIDED ASSISTANCE THROUGH NASA SUPPORTED PROGRAMS FOCUSED TOWARDS SPACE SCIENCE EDUCATION. OSURF SPONSORED COLLABORATIVE PROGRAMS LINKING UNIVERSITY RESOURCES TO OKLAHOMA'S ECONOMIC NEEDS THROUGH THE SUPPORT OF START-UP COMPANIES SPINNING OUT OF FACULTY RESEARCH. THESE TASKS SUPPORT OUR MISSIONS AND INITIATIVES IN OKLAHOMA'S RURAL ECONOMIC DEVELOPMENT AND STATE ECONOMIC DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kenneth Sewell VP Research/ Prof | OfficerTrustee | 2 | $0 |
Dr Gary Sandefur Provost/sr Vp/prof | OfficerTrustee | 0.3 | $0 |
Mr V Burns Hargis President/ Osu CEO | OfficerTrustee | 0.3 | $0 |
Mr Joseph B Weaver Sr VP Admin & Finance | OfficerTrustee | 0.3 | $0 |
Mr Russell Teubner Director | Trustee | 0.3 | $0 |
Mr Michael Greenwood Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,928,842 |
| 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 | $8,928,842 |
| Total Program Service Revenue | $1,302,948 |
| Investment income | $59,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $10,291,004 |
| 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. | $2,512,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,091,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $422,284 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,943 |
| Travel | $0 |
| 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 | $4,062 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,574,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,568,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,175,995 |
| 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 | $137,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,165,522 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,047,594 |
| Accounts payable and accrued expenses | $349,394 |
| 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 | $101,201 |
| Total liabilities | $450,595 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,452,015 |
| Paid-in or capital surplus, or land, building, or equipment fund | $137,757 |
| Retained earnings, endowment, accumulated income, or other funds | $7,227 |
| Total liabilities and net assets/fund balances | $8,047,594 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oklahoma State University Research Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Bomhoff Family Foundation Okarche, OK PURPOSE: DONATION | $100 |
Peer Organizations
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|---|---|---|
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Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |