Oklahoma State University Foundation
- Assets
- $1.3b
- Revenue
- $191.0m
- Investments
- $923.7m
- Employees
- 189
- Location
- Stillwater, OK
- Founding
- 01/1963
- Data as of
- 06/2021
- EIN
- 73-6097060
Organization Overview
Oklahoma State University Foundation is located in Stillwater, OK. The organization was established in 1963. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Oklahoma State University Foundation employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma State 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 06/2021, Oklahoma State University Foundation generated $191.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $113.3m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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.
Since 2017, Oklahoma State University Foundation has awarded 21 individual grants totaling $167,460,283. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNITING DONOR AND UNIVERSITY PASSIONS AND PRIORITIES TO ACHIEVE EXCELLENCE.
Describe the Organization's Program Activity:
GENERAL UNIVERSITY SUPPORT INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR STUDENT SCHOLARSHIPS AND THE TRANSFER OF MOST GIFTS-IN-KIND DONATED TO THE UNIVERSITY. THESE FUNDS ALSO SUPPORT PROGRAMS THAT SUSTAIN OVERALL UNIVERSITY PURPOSES AND OBJECTIVES AND IMPROVE QUALITY OF STUDENT LIFE SUCH AS ACADEMIC AFFAIRS, INTERNATIONAL AND DIVERSITY STUDIES, PERFORMING ARTS, RESIDENTIAL LIFE, STUDENT AFFAIRS, AND OTHER INSTRUCTIVE PROGRAMS.
INTERCOLLEGIATE ATHLETICS INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR THE BENEFIT OF MEN'S AND WOMEN'S ATHLETIC PROGRAMS AT OKLAHOMA STATE UNIVERSITY, INCLUDING ACADEMIC ENRICHMENT FOR STUDENT ATHLETES, BUDGET SUPPORT FOR SPECIFIC TEAM SPORTS AND GENERAL BUDGET SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC DEPARTMENT.
FACILITIES AND EQUIPMENT INCLUDES THE EXPENDITURE OF FUNDS DONATED FOR CAPITAL IMPROVEMENT OF THE UNIVERSITY CAMPUS, CONSTRUCTION OF NEW FACILITIES, RENOVATION OF EXISTING FACILITIES, FURNISHINGS AND EQUIPMENT.
OTHER PROGRAM EXPENSES INCLUDE EXPENDITURES TO SUPPORT OKLAHOMA STATE UNIVERSITY'S LIBRARY AND ITS PROGRAMS, ENDOWED FACULTY AND LECTURESHIP PROGRAMS, AND RESEARCH CONDUCTED BY THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Jewell Former President | 50 | $485,234 | |
Donna Koeppe VP Administration And Treasurer | Officer | 50 | $228,425 |
Robyn Baker VP General Counsel | Officer | 50 | $225,457 |
Blaire Atkinson President | OfficerTrustee | 50 | $204,543 |
John David Mays Sr Assoc VP Of Philanthropy | 50 | $199,071 | |
Christopher Campbell Sr Assoc. VP Of Info Strategy | 50 | $183,281 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uc Innovation Inc Software Consulting | 6/29/21 | $386,966 |
Blackbaud Inc Software & Consulting | 6/29/21 | $280,666 |
Debra C Engle Consulting Llc Consulting & Fundraising | 6/29/21 | $235,805 |
Zuri Group Llc Consulting | 6/29/21 | $166,770 |
Gungoll Jackson Box And Devoll Pc Legal Services | 6/29/21 | $176,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $674,600 |
| Related organizations | $1,300,740 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,868,048 |
| Noncash contributions included in lines 1a–1f | $21,324,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,843,388 |
| Total Program Service Revenue | $3,040,536 |
| Investment income | $9,559,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,751,348 |
| Net Rental Income | $25,430 |
| Net Gain/Loss on Asset Sales | $68,415,114 |
| Net Income from Fundraising Events | -$198,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$141 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,009,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,903,281 |
| 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. | $1,078,109 |
| Compensation of current officers, directors, key employees. | $694,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,188,207 |
| Pension plan accruals and contributions | $1,212,210 |
| Other employee benefits | $1,704,222 |
| Payroll taxes | $969,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210,763 |
| Fees for services: Accounting | $266,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $468,684 |
| Fees for services: Investment Management | $3,247,994 |
| Fees for services: Other | $1,156,902 |
| Advertising and promotion | $513,039 |
| Office expenses | $498,711 |
| Information technology | $1,504,199 |
| Royalties | $0 |
| Occupancy | $525,889 |
| Travel | $393,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,078 |
| Interest | $264,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $845,337 |
| Insurance | $167,824 |
| All other expenses | $5,932,369 |
| Total functional expenses | $113,304,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,472,297 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $108,190,029 |
| Accounts receivable, net | $5,494,372 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,800,790 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,066,412 |
| Investments—publicly traded securities | $184,612,242 |
| Investments—other securities | $923,661,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,296,483 |
| Total assets | $1,286,594,622 |
| Accounts payable and accrued expenses | $4,739,484 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $38,236,257 |
| Other liabilities | $22,905,523 |
| Total liabilities | $65,901,264 |
| Net assets without donor restrictions | $332,343,931 |
| Net assets with donor restrictions | $888,349,427 |
| 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 | $1,286,594,622 |
Grants Awarded
Over the last fiscal year, Oklahoma State University Foundation has awarded $24,903,281 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $21,433,376 |
Stillwater, OK PURPOSE: PROGRAM SUPPORT | $3,309,905 |
Carmel, IN PURPOSE: PROGRAM SUPPORT | $100,000 |
Tulsa, OK PURPOSE: PROGRAM SUPPORT | $25,000 |
Tulsa, OK PURPOSE: PROGRAM SUPPORT | $25,000 |
Owasso, OK PURPOSE: PROGRAM SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 70 grants that Oklahoma State University Foundation has recieved totaling $14,135,453.
| Awarding Organization | Amount |
|---|---|
George Kaiser Family Foundation Tulsa, OK PURPOSE: Center for Advanced Aerial Mobility | $5,000,000 |
Morningcrest Healthcare Foundation Tulsa, OK PURPOSE: PSYCHIATRIC HOSPITAL | $3,000,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $1,579,867 |
John Steele Zink Foundation Broken Arrow, OK PURPOSE: RESTRICTED: ZINK FUND,OSU POSSE, COLLEGE OF ENGINEERING, SAE BAJA TEAM, SAE FORMULA RACING TEAM, ZINK CENTER FOR COMPETITIVE INNOVATION & LEADERSHIP, COLLEGE OF BUSINESS, PRESIDENT'S FELLOW $895,000UNRESTRICTED: GENERAL OPERATIONS $10,000 | $895,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $384,000 |
Lee And Ramona Bass Foundation Fort Worth, TX PURPOSE: GREATER PRAIRIE-CHICKEN PROJECT SUPPORT | $245,232 |
Endowment Analysis
| Beg. Balance | $648,577,394 |
| Earnings | $169,898,501 |
| Admin Expense | $11,850,766 |
| Net Contributions | $33,659,860 |
| Other Expense | $13,496,053 |
| Grants | $12,863,831 |
| Ending Balance | $813,925,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Colorado Foundation Denver, CO | $2,823,618,516 | $449,363,151 |
Kansas University Endowment Assoc Lawrence, KS | $2,197,256,847 | $228,491,176 |
University Of Oklahoma Foundation Inc Norman, OK | $2,614,502,882 | $229,832,156 |
Oklahoma State University Foundation Stillwater, OK | $1,286,594,622 | $191,009,042 |
Texas Tech Foundation Inc Lubbock, TX | $840,921,024 | $55,341,496 |
Kansas State University Foundation Manhattan, KS | $892,914,031 | $132,355,724 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |