Western Oklahoma State College Foundation A Corporation
- Assets
- $6.9m
- Revenue
- $469.7k
- Investments
- $4.5m
- Employees
- 0
- Location
- Altus, OK
- Founding
- 01/1982
- Data as of
- 06/2022
- EIN
- 23-7409802
Organization Overview
Western Oklahoma State College Foundation A Corporation is located in Altus, OK. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Western Oklahoma State College Foundation A Corporation 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, Western Oklahoma State College Foundation A Corporation generated $469.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $222.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SCHOLARSHIPS TO WOSC STUDENTS AND FINANCIAL SUPPORT TO WOSC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR WOSC STUDENTS
PROVIDE SUPPORT TO WESTERN OKLAHOMA STATE COLLEGE IN THE FORM OF ENDOWED CHAIRS, PROFESSORSHIP ENDOWMENTS, LECTURESHIP ENDOWMENTS, AND FACILITY CONSTRUCTION PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Duffy Executive Secretary | Officer | 25 | $5,594 |
Dustin Lively Vice Chair | OfficerTrustee | 1 | $0 |
Ron Osterhout Chair | OfficerTrustee | 1 | $0 |
Dr Dana Darby Trustee | Trustee | 1 | $0 |
Nancy Davidson Trustee | Trustee | 1 | $0 |
Jeff Wilmes Trustee | Trustee | 1 | $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 | $266,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,984 |
| Total Program Service Revenue | $0 |
| Investment income | $184,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,329 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,394 |
| Grants and other assistance to domestic individuals. | $113,444 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,594 |
| Compensation of current officers, directors, key employees. | $5,594 |
| 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 | $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 | $34,251 |
| Advertising and promotion | $7,184 |
| Office expenses | $2,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $914 |
| Total functional expenses | $222,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,241 |
| Savings and temporary cash investments | $80,376 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,212,869 |
| Investments—other securities | $4,491,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,000 |
| Total assets | $6,931,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $31,543 |
| 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 | $91,755 |
| Total liabilities | $123,298 |
| Net assets without donor restrictions | $1,127,619 |
| Net assets with donor restrictions | $5,680,775 |
| 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 | $6,931,692 |
Grants Awarded
Over the last fiscal year, Western Oklahoma State College Foundation A Corporation has awarded $251,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN OKLAHOMA STATE COLLEG PURPOSE: Program Support | $129,645 |
WESTERN OKLAHOMA STATE COLLEG PURPOSE: Scholarship Support | $121,393 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Oklahoma State College Foundation A Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $6,940,333 |
| Earnings | -$333,849 |
| Net Contributions | $285,313 |
| Grants | $272,585 |
| Ending Balance | $6,619,212 |
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 |