University Of Central Oklahoma Fdn
- Assets
- $57.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Edmond, OK
- Founding
- 03/1954
- Data as of
- 06/2023
- EIN
- 73-6108032
Organization Overview
University Of Central Oklahoma Fdn is located in Edmond, OK. The organization was established in 1954. 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 Central Oklahoma Fdn 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 06/2023, University Of Central Oklahoma Fdn generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $11.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING OF COLLEGE SCHOLARSHIPS AND SUPPORT OF UNIVERSITY PROGRAMS.
Describe the Organization's Program Activity:
PROVIDE GIFTS, SCHOLARSHIPS, AND ORGANIZATIONAL SUPPORT TO THE UNIVERSITY OF CENTRAL OKLAHOMA AND ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Webster Treasurer | OfficerTrustee | 1 | $0 |
Carolyn Stager Donor Committee Chair | OfficerTrustee | 1 | $0 |
Emily Lang Immediate Past Chair | OfficerTrustee | 1 | $0 |
Jack Evans Investment Committee Chair | OfficerTrustee | 1 | $0 |
Jeff Atkins Governance Committee Chair | OfficerTrustee | 1 | $0 |
John Bobb-Semple Member At-Large | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lingo Construction Construction General Contractor | 6/29/15 | $5,296,517 |
Elliott & Associates Architectural Services | 6/29/15 | $384,464 |
Cory's Audio Video Audio/visual Installation & Services | 6/29/15 | $190,991 |
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 | $5,718,397 |
| Noncash contributions included in lines 1a–1f | $325,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,718,397 |
| Total Program Service Revenue | $60,636 |
| Investment income | $1,509,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$381,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,906,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,713,588 |
| 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 | $58,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $231,861 |
| Fees for services: Other | $227,271 |
| Advertising and promotion | $10,858 |
| Office expenses | $99,145 |
| Information technology | $58,373 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $206,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,061 |
| Interest | $860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,839 |
| Insurance | $13,371 |
| All other expenses | $49,683 |
| Total functional expenses | $11,256,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,344 |
| Savings and temporary cash investments | $3,934,595 |
| Pledges and grants receivable | $1,050,684 |
| 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 | $377,131 |
| Investments—publicly traded securities | $51,221,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $318,772 |
| Total assets | $57,111,883 |
| Accounts payable and accrued expenses | $1,771,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $197,057 |
| Escrow or custodial account liability | $2,997,882 |
| 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 | $0 |
| Total liabilities | $4,966,817 |
| Net assets without donor restrictions | $6,364,045 |
| Net assets with donor restrictions | $45,781,021 |
| 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 | $57,111,883 |
Grants Awarded
Over the last fiscal year, University Of Central Oklahoma Fdn has awarded $9,713,588 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL OKLAHOMA PURPOSE: UNIVERSITY SUPPORT | $7,984,941 |
UNIVERSITY OF CENTRAL OKLAHOMA PURPOSE: SCHOLARSHIPS | $1,728,647 |