Student Work Development Foundation Inc
- Assets
- $8.1m
- Revenue
- $1.3m
- Investments
- $5.9m
- Employees
- 6
- Location
- Norman, OK
- Founding
- 02/1976
- Data as of
- 12/2022
- EIN
- 51-0168187
Organization Overview
Student Work Development Foundation Inc is located in Norman, OK. The organization was established in 1976. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Student Work Development Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Work Development 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 12/2022, Student Work Development Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF STUDENT WORK DEVELOPMENT FOUNDATION, INC. ("SWDF") IS TO ASSIST IN PROVIDING TRAINING AND SUPPORT FOR INDIVIDUALS AND GROUPS IN DISCIPLESHIP, EDUCATION, EVANGELISM, AND MISSIONS TO HELP PRODUCE MORE EFFECTIVE DISCIPLESHIP MINISTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWDF PROVIDES ASSISTANCE TO IRC SECTION 501(C)(3) ORGANIZATIONS WITHIN THE U.S. SUCH AS THE BAPTIST COLLEGIATE MINISTRIES AND VARIOUS COLLEGE AND UNIVERSITIES, THE CHRISTIAN CHALLENGE, THE CAMPUS VENTURES, THE NAVIGATORS AND CHURCHES THAT REACH OUT TO COLLEGE STUDENTS AND INTERNATIONAL STUDENTS TO HELP THEM LEARN TO EVANGELIZE YOUNG MEN AND WOMEN WITH THE GOSPEL OF JESUS CHRIST AND DISCIPLE THEM IN THE WORD OF GOD.
SWDF PROVIDES ASSISTANCE TO CAMPUS MINISTRIES IN EUROPE THAT REACH OUT TO COLLEGE STUDENTS TO HELP THEM LEARN TO EVANGELIZE YOUNG MEN AND WOMEN WITH THE GOSPEL OF JESUS CHRIST AND TO DISCIPLE THEM IN THE WORD OF GOD AND SPREAD THE GOSPEL OF THE LORD JESUS CHRIST.
THE SULLIVANT RETREAT CENTER IS A PART OF SWDF AND IS USED FOR FOSTERING AN ENVIRONMENT FOR DISCIPLESHIP, EVANGELISM, TEACHING AND TRAINING OF COLLEGE AND UNIVERSITY CAMPUS ORGANIZATIONS AND CHURCHES TO ACCOMPLISH SWDF'S PURPOSE OF HELPING PRODUCE MORE EFFECTIVE DISCIPLESHIP MINISTRIES AND SPREADING THE GOSPEL OF THE LORD JESUS CHRIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Anne Cooksey Treasurer | Officer | 40 | $85,240 |
Michael Stewart Key Employee | Officer | 40 | $43,000 |
John Hill Board Member | Trustee | 20 | $41,797 |
Max D Barnett President | Officer | 20 | $20,200 |
Katie Neal Board Member | Trustee | 1 | $2,000 |
Matthew Holland Board Member | Trustee | 0 | $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 | $507,630 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $507,630 |
| Total Program Service Revenue | $69,272 |
| Investment income | $585,674 |
| 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 | $6,181 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,260,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $302,052 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $82,713 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,440 |
| Compensation of current officers, directors, key employees. | $105,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $97,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,924 |
| 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 | $14,322 |
| 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 | $39,653 |
| All other expenses | $0 |
| Total functional expenses | $1,191,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,461 |
| Savings and temporary cash investments | $99,200 |
| 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 | $1,948,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,855,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,050,187 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $8,050,187 |
| Net assets with donor restrictions | $0 |
| 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 | $8,050,187 |
Grants Awarded
Over the last fiscal year, Student Work Development Foundation Inc has awarded $187,485 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OK BAPTIST COLLEGIATE MINISTRIES PURPOSE: General Support | $45,570 |
SWDF SEMINARY PURPOSE: General Support | $20,607 |
TRINITY BAPTIST CHURCH PURPOSE: General Support | $121,308 |