Northeastern State University Foundation Inc
- Assets
- $45.2m
- Revenue
- $4.9m
- Investments
- $21.4m
- Employees
- 0
- Location
- Tahlequah, OK
- Founding
- 11/1971
- Data as of
- 12/2021
- EIN
- 23-7135815
Organization Overview
Northeastern State University Foundation Inc is located in Tahlequah, OK. The organization was established in 1971. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Northeastern State University 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 12/2021, Northeastern State University Foundation Inc generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. 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
THE FOUNDATION WAS CREATED EXCLUSIVELY TO BENEFIT NORTHEASTERN STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO NSU FOR PROGRAMS AND CAPITAL PROJECTS
PROVIDE FUNDING USED FOR STUDENT SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jim Gore Investment Committee Chair | OfficerTrustee | 1 | $0 |
Patty Skinner Nominating Committee Chair | OfficerTrustee | 1 | $0 |
Chrissi Ross Nimmo Executive Committee Chair | OfficerTrustee | 1 | $0 |
David L Rader Executive Committee Secretary | OfficerTrustee | 1 | $0 |
Maurice Turney Audit Commitee Chair | OfficerTrustee | 1 | $0 |
Peggy Glenn Executive Director | Officer | 30 | $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 | $3,346,896 |
| Noncash contributions included in lines 1a–1f | $659,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,346,896 |
| Total Program Service Revenue | $0 |
| Investment income | $393,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,154,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,906,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,455,518 |
| Grants and other assistance to domestic individuals. | $1,028,991 |
| 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 | $799 |
| Fees for services: Legal | $19,555 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $128,848 |
| Fees for services: Other | $2,855 |
| Advertising and promotion | $0 |
| Office expenses | $15,968 |
| Information technology | $63,448 |
| Royalties | $0 |
| Occupancy | $1,424 |
| Travel | $194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,628 |
| All other expenses | $5,165 |
| Total functional expenses | $3,791,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,443,285 |
| Pledges and grants receivable | $0 |
| 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 | $1,115 |
| Net Land, buildings, and equipment | $34,000 |
| Investments—publicly traded securities | $22,270,698 |
| Investments—other securities | $21,364,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,895 |
| Total assets | $45,168,633 |
| Accounts payable and accrued expenses | $517 |
| 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 | $10,519 |
| Total liabilities | $11,036 |
| Net assets without donor restrictions | $4,642,956 |
| Net assets with donor restrictions | $40,514,641 |
| 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 | $45,168,633 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Northeastern State University Foundation Inc has recieved totaling $357,048.
| Awarding Organization | Amount |
|---|---|
Masonic Charity Foundation Of Oklahoma Edmond, OK PURPOSE: COLLEGE OF OPTOMETRY | $250,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: THE ANNE AND HENRY ZARROW FOUNDATION SCHOLARSHIP FUND | $50,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $34,472 |
Nix Foundation Arcadia, OK PURPOSE: SCHOLARSHIP ENDOWMENT | $15,000 |
Oklahoma Humanities Council Inc Oklahoma City, OK PURPOSE: Provide humanities content atvia event | $6,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 02/03/21 | $917 |
Endowment Analysis
| Beg. Balance | $32,430,380 |
| Earnings | $4,566,612 |
| Net Contributions | $1,176,386 |
| Grants | $695,702 |
| Ending Balance | $37,477,676 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Criswell College Dallas, TX | $48,370,190 | $10,030,581 |
Kansas Leadership Center Inc Wichita, KS | $16,454,854 | $20,243,839 |
Northeastern State University Foundation Inc Tahlequah, OK | $45,168,633 | $4,906,328 |
Unam-Usa San Antonio, TX | $1,629,192 | $3,843,088 |
Center For Venture Education Inc Austin, TX | $106,820,676 | $4,487,131 |
Lighthouse Writers Workshop Inc Denver, CO | $2,205,609 | $2,806,436 |
Ridge View Academy Watkins, CO | $1,265,870 | $1,962,127 |
Commonwealth Institute Of Funeral Service Houston, TX | $8,054,395 | $3,674,462 |
National Center For Higher Education Management Systems Boulder, CO | $1,695,091 | $1,714,166 |
International A L E R T Academy Big Sandy, TX | $844,337 | $1,167,358 |
Kansas Independent College Foundation Topeka, KS | $1,415,604 | $1,116,903 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |