Nsu Foundation Inc
- Assets
- $24.6m
- Revenue
- $5.8m
- Investments
- $3.1k
- Employees
- 0
- Location
- Natchitoches, LA
- Founding
- 01/1961
- Data as of
- 06/2022
- EIN
- 72-6021495
Organization Overview
Nsu Foundation Inc is located in Natchitoches, LA. The organization was established in 1961. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Nsu 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 06/2022, Nsu Foundation Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 8.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR NORTHWESTERN STATE UNIVERSITY, MARKETING & PROMOTION OF UNIVERSITY, SCHOLARSHIPS, AND DIRECT SUPPORT OF SPECIFIC AREAS OF UNIVERSITY BASED ON DONOR DESIGNATIONS.
Describe the Organization's Program Activity:
MARKETED AND PROMOTED NORTHWESTERN STATE UNIVERSITY AND ITS STUDENTS, PROVIDED SCHOLARSHIPS TO STUDENTS, AND PROVIDED DIRECT SUPPORT TO SPECIFIC AREAS OF THE UNIVERSITY BASED ON DONOR DESIGNATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Jo Pease Board,vice P | OfficerTrustee | $0 | |
John A Manno Jr Board, Presi | OfficerTrustee | $0 | |
Thomas Wright Board, Secre | OfficerTrustee | $0 | |
Wesley Breeden Board, Treas | OfficerTrustee | $0 | |
Drake Owens Exec Directo | Trustee | $0 | |
Nicole Gray Board,past P | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $676,752 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,186,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,863,057 |
| Total Program Service Revenue | $94,386 |
| Investment income | $383,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $215,358 |
| Net Rental Income | $44,145 |
| 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 | $5,806,741 |
| 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. | $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 | $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 | $429,849 |
| Office expenses | $592,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,160 |
| Insurance | $30,923 |
| All other expenses | $25,348 |
| Total functional expenses | $4,248,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $557,553 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,321 |
| 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 | $3,312,216 |
| Investments—publicly traded securities | $20,429,520 |
| Investments—other securities | $3,062 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,097 |
| Total assets | $24,583,769 |
| Accounts payable and accrued expenses | $142,510 |
| Grants payable | $0 |
| Deferred revenue | $476,668 |
| 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 | $2,080,747 |
| Other liabilities | $242,693 |
| Total liabilities | $2,942,618 |
| Net assets without donor restrictions | $536,709 |
| Net assets with donor restrictions | $21,104,442 |
| 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 | $24,583,769 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nsu Foundation Inc has recieved totaling $47,283.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $27,333 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $11,150 |
Greater Houston Community Foundation Houston, TX PURPOSE: EDUCATIONAL | $8,800 |
Endowment Analysis
| Beg. Balance | $22,000,442 |
| Earnings | -$3,004,720 |
| Admin Expense | $56,829 |
| Net Contributions | $1,513,887 |
| Grants | $351,068 |
| Ending Balance | $20,101,712 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Southern University System Foundation Baton Rouge, LA | $59,341,239 | $13,209,342 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |
Texas Southern University Foundation Houston, TX | $12,702,424 | $10,949,246 |
Nsu Foundation Inc Natchitoches, LA | $24,583,769 | $5,806,741 |
Southeastern Louisiana University Foundation Hammond, LA | $74,066,659 | $6,564,775 |