Form 990 for tax year 2022
Filed by MIDWESTERN STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $6,650,686
- Total expenses
- $2,977,854
- Contributions and grants received
- $3,686,058
- Grants paid
- $2,389,369
- Program service revenue
- $0
- Investment income
- $2,962,910
- Other revenue
- $1,718
- Total assets, end of year
- $71,288,656
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $71,288,656
- Program services expenses (Part IX)
- $2,389,369
- Management and general expenses
- $588,485
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,389,369
Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$3,686,058
-
1g · Noncash contributions included above
$69,715
-
3 · Investment income
total $1,402,437 · excluded $1,402,437
-
5 · Royalties
total $1,718 · excluded $1,718
-
7a · Gross sales of assets other than inventory
securities $14,078,703
-
7b · Less cost or other basis and sales expenses
securities $12,518,230
-
7c · Gain or loss
securities $1,560,473
-
7d · Net gain or loss
total $1,560,473 · related or exempt $1,560,473
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,389,369 · program services $2,389,369
-
11c · Fees: accounting
total $113,000 · management and general $113,000
-
11f · Fees: investment management
total $277,129 · management and general $277,129
-
13 · Office expenses
total $223 · management and general $223
-
24a · Other expenses: MSU Admin Fees
total $174,131 · management and general $174,131
-
24b · Other expenses: Taxes Foreign
total $17,507 · management and general $17,507
-
24c · Other expenses: Adr Fees
total $4,522 · management and general $4,522
-
24d · Other expenses: Taxes Ad Valorem
total $1,950 · management and general $1,950
-
24e · All other expenses
total $23 · management and general $23
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,250 · end of year $30,346
-
2 · Savings and temporary cash investments
beginning of year $4,905,615 · end of year $3,334,544
-
3 · Pledges and grants receivable
beginning of year $1,704,185 · end of year $838,016
-
4 · Accounts receivable
beginning of year $77,012 · end of year $80,408
-
9 · Prepaid expenses and deferred charges
beginning of year $8,883 · end of year $10,431
-
11 · Investments: publicly traded securities
beginning of year $57,358,115 · end of year $66,821,027
-
13 · Investments: program-related
beginning of year $138,102 · end of year $168,293
-
14 · Intangible assets
beginning of year $4,855 · end of year $5,591
-
17 · Accounts payable and accrued expenses
beginning of year $9,172
-
27 · Net assets without donor restrictions
beginning of year $255,132 · end of year $578,700
-
28 · Net assets with donor restrictions
beginning of year $63,940,713 · end of year $70,709,956
Mission and programs · 2022
Mission
To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.
-
Awarding scholarships to qualified students on the basis of need and merit.
Expenses $966,533 · Grants $966,533
-
Funding of various special projects of the University.
Expenses $1,422,836 · Grants $1,422,836
As filed on the 2022 return.
Listed in Part VII
-
Kevin O'Connell
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Anthony Inman
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
David Welch
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Caves
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Warren Ayres
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Darrell Coleman
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Reno Gustafson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mac Cannedy Jr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Erwin Davenport
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kay Yeager
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Martha Fain
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Butch Ford
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
Midwestern State University
$1,422,836
Funds to be expended on special projects of the University as designated in the fund agreements.
-
Midwestern State University
$966,533
Funds to be expended on scholarships as designated in scholarship agreements.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401979349301330
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