Noble Research Institute Llc
- Assets
- $149.6m
- Revenue
- $47.8m
- Investments
- $58.0m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 07/1955
- Data as of
- 12/2021
- EIN
- 73-0606209
Organization Overview
Noble Research Institute Llc is located in Ardmore, OK. The organization was established in 1955. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Noble Research Institute Llc 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, Noble Research Institute Llc generated $47.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $53.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - SEE STATEMENT 16
CONSULTATION AND EDUCATION - SEE STATEMENT 16
OPERATIONAL SUPPORT - ADDITIONAL INFORMATION ABOUT EXPENSES AS A PERCENTAGE OF FUNDS SPENT FOR CHARITABLE PURPOSES 13.92% ARE EXPLAINED IN STATEMENT 16
FUNDRAISING - ADDITIONAL INFORMATION ABOUT EXPENSES AS A PERCENTAGE OF FUNDS SPENT FOR CHARITABLE PURPOSES 1.51% ARE EXPLAINED IN STATEMENT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven P Rhines President | 40 | $505,090 | |
Michael Udvardi Professor/chief Scie | 40 | $471,329 | |
A Jill Wallace VP & Chief Financial Officer | 40 | $323,815 | |
Jeffrey Moen General Counsel & Di | 40 | $273,356 | |
Gayle Donica Dir. Of Human Resour | 40 | $245,759 | |
Melanie Davis Dir. Of Information | 40 | $235,365 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dentons Us Llp | 12/30/21 | $327,017 |
Bockus Payne & Associates | 12/30/21 | $370,051 |
Understanding Ag Llc | 12/30/21 | $200,639 |
Safety & Security Services Inc | 12/30/21 | $194,926 |
Frankfurt-short-bruza Assn Pc | 12/30/21 | $238,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,733,337 |
| Interest on Savings | $13,455 |
| Dividends & Interest | $238,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,134,193 |
| Capital Gain Net Income | $796,472 |
| Net ST Capital Gain | $0 |
| Income Modifications | $337,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,713,605 |
| Total Revenue | $47,833,341 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $945,469 |
| Other employee salaries and wages | $20,711,912 |
| Pension plans, employee benefits | $6,326,212 |
| Interest | $44,000 |
| Taxes | $2,075 |
| Depreciation | $8,775,634 |
| Occupancy | $1,174,876 |
| Travel, conferences, and meetings | $351,735 |
| Printing and publications | $69,115 |
| Other expenses | $13,322,538 |
| Total operating and administrative expenses | $53,046,212 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $53,046,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,360,862 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $402,028 |
| Net Pledges Receivable | $1,200,000 |
| Grants receivable | $97,162 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $24,545 |
| Prepaid expenses and deferred charges | $1,934,878 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $58,040,916 |
| Net Land, buildings, and equipment | $80,570,207 |
| Other assets | $0 |
| Total assets | $149,630,598 |
| Accounts payable and accrued expenses | $6,766,549 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $770,000 |
| Other liabilities | $3,514,858 |
| Total liabilities | $11,051,407 |
Grants Awarded
Over the last fiscal year, Noble Research Institute Llc has awarded $1,718,179 in support to 157 organizations.
| Grant Recipient | Amount |
|---|---|
Morrisville, NC PURPOSE: OPERATING SUPPORT | $1,018,798 |
Ardmore, OK PURPOSE: OPERATING SUPPORT | $75,000 |
Ardmore, OK PURPOSE: ANNUAL OPERATING SUPPORT | $50,000 |
GLORIA AINSWORTH CHILD CARE & LEARNING CENTER INC PURPOSE: OPERATING SUPPORT | $40,000 |
Ardmore, OK PURPOSE: OPERATING SUPPORT, ART EDUCATION OUTREACH PROGRAM, AND SCHOLARSHIP ASSISTANCE FOR ART STUDIO CLASSES | $35,000 |
Ardmore, OK PURPOSE: ANNUAL OPERATING SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Noble Research Institute Llc has recieved totaling $48,202,500.
| Awarding Organization | Amount |
|---|---|
The Samuel Roberts Noble Foundation Ardmore, OK PURPOSE: OPERATIONAL SUPPORT | $39,200,000 |
Foundation For Food And Agriculture Research Washington, DC PURPOSE: RESEARCH | $9,000,000 |
Joullian Foundation Inc Oklahoma City, OK PURPOSE: GENERAL DONATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |