Southern Nazarene University Foundation
- Assets
- $32.8m
- Revenue
- $2.5m
- Investments
- $5.5m
- Employees
- 0
- Location
- Bethany, OK
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 73-1293682
Organization Overview
Southern Nazarene University Foundation is located in Bethany, OK. The organization was established in 1988. 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. Southern Nazarene University Foundation 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, Southern Nazarene University Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 9.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS SOUTHERN NAZARENE UNIVERSITY, A 501(C)(3) ENTITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS UNDER THE CONTROL OF THE SNU FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Newman University President | OfficerTrustee | 1 | $0 |
Phil White Treasurer | OfficerTrustee | 1 | $0 |
Toni Miller President | OfficerTrustee | 1 | $0 |
Jr Emrich Vice President | OfficerTrustee | 1 | $0 |
Tamara Berg Board Member | Trustee | 1 | $0 |
Gary Cummings Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $163,525 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $962,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,126,379 |
| Total Program Service Revenue | $227,984 |
| Investment income | $690,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $425,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,471,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,317,189 |
| 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 | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,757 |
| Fees for services: Other | $11,810 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $69,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $61,239 |
| Total functional expenses | $1,893,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,601 |
| Savings and temporary cash investments | $2,902,575 |
| Pledges and grants receivable | $11,287 |
| 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 | $18,000 |
| Investments—publicly traded securities | $24,090,915 |
| Investments—other securities | $5,480,587 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,109 |
| Total assets | $32,765,074 |
| Accounts payable and accrued expenses | $1,764 |
| Grants payable | $1,205,941 |
| 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 | $33,014 |
| Total liabilities | $1,240,719 |
| Net assets without donor restrictions | $734,526 |
| Net assets with donor restrictions | $30,789,829 |
| 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 | $32,765,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Nazarene University Foundation has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO EDUCATION | $7,500 |
Endowment Analysis
| Beg. Balance | $32,994,100 |
| Earnings | -$3,239,600 |
| Net Contributions | $926,635 |
| Other Expense | $1,372,223 |
| Ending Balance | $29,308,912 |
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 |