University Of Science & Arts Of Oklahoma Foundation Inc
- Assets
- $18.8m
- Revenue
- $3.4m
- Investments
- $1.2m
- Employees
- 0
- Location
- Chickasha, OK
- Founding
- 12/1974
- Data as of
- 06/2022
- EIN
- 73-1031040
Organization Overview
University Of Science & Arts Of Oklahoma Foundation Inc is located in Chickasha, OK. The organization was established in 1974. 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. University Of Science & Arts Of Oklahoma 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, University Of Science & Arts Of Oklahoma Foundation Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.3m 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
EDUCATIONAL SCHOLARSHIPS AND OTHER SUPPORT OF THE UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SCHOLARSHIP AWARDS AND PROGRAM COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Willard Secretary | OfficerTrustee | $0 | |
Don Holladay Chairman | OfficerTrustee | $0 | |
J P Audas Executive Di | Officer | 40 | $0 |
Sid Hudson Former Ex Di | Officer | 40 | $0 |
Johnny Trammell Trustee | Trustee | $0 | |
Kay Wint Trustee | Trustee | $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 | $1,965,704 |
| Noncash contributions included in lines 1a–1f | $94,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,965,704 |
| Total Program Service Revenue | $0 |
| Investment income | $1,028,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $378,636 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,373,213 |
| 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 | $0 |
| Office expenses | $0 |
| 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 | $244,411 |
| Total functional expenses | $7,334,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,843 |
| Savings and temporary cash investments | $0 |
| 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 | $4,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,173,376 |
| Investments—publicly traded securities | $15,912,163 |
| Investments—other securities | $1,221,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,769,545 |
| Accounts payable and accrued expenses | $39,867 |
| 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 | $779,609 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $170,805 |
| Total liabilities | $990,281 |
| Net assets without donor restrictions | $6,135,575 |
| Net assets with donor restrictions | $11,643,689 |
| 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 | $18,769,545 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that University Of Science & Arts Of Oklahoma Foundation Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Oklahoma Foundation Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $25,000 |
Mid-America Arts Alliance Kansas City, MO PURPOSE: ART SUPPORT | $20,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: TO BE USED AT THE PRESIDENT'S DISCRETION ($10,000); THE STUDENT SUCCESS FUND IN MEMORY OF BILL AUDAS ($5,000) | $15,000 |
Nobbs Family Foundation San Diego, CA PURPOSE: TO PROVIDE FUNDS FOR CHARITABLE ACTIVITIES | $5,000 |
Masonic Charity Foundation Of Oklahoma Edmond, OK PURPOSE: SUPPORT GENERAL SCHOLARSHIP AWARDS AND PROGRAM COSTS | $5,000 |
Endowment Analysis
| Beg. Balance | $11,643,690 |
| Earnings | $1,500,691 |
| Net Contributions | $1,231,503 |
| Other Expense | $2,732,195 |
| Ending Balance | $11,643,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hallmark University Inc San Antonio, TX | $50,738,491 | $19,939,747 |
University Of Central Oklahoma Fdn Edmond, OK | $57,594,022 | $22,644,873 |
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 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
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 |