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← PANHANDLE STATE FOUNDATION

Form 990 for tax year 2024

Filed by PANHANDLE STATE FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 13 May 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$3,223,149 changed to $3,512,173
Total expenses
$507,662 changed to $1,689,259
Contributions and grants received
$837,850 changed to $1,288,492
Grants paid
$279,302 changed to $1,403,464
Investment income
$2,384,299 changed to $2,176,538
Other revenue
$1,000 changed to $47,143
Total assets, end of year
$22,960,744 changed to $24,726,948
Total liabilities, end of year
$268,848 changed to $248,828
Net assets or fund balances, end of year
$22,691,896 changed to $24,478,120
Program services expenses
$477,043 changed to $1,528,255
Management and general expenses
$30,619 changed to $161,004
Program service expenses (Part III)
$477,043 changed to $1,528,255

Listed only on the earlier return

  • Dr Kenneth Woodward
  • Jim Quimby
  • John Luke Freeman
  • Layne Greeson
  • Troy Morris

Listed only on the later return

  • Jimmy Quimby

Listed under a different title

  • Chyanna Black: EXECTIVE DIRECTOR then EXECUTIVE DIRECTOR
  • Katie Quebedeaux: EX-OFFICIO - ALUMNI PRESIDENT then ALUMNI PRESIDENT
  • Meagan Greeson: EX-OFFICIO - ALUMNI TREASURER then ALUMNI TREASURER
  • Travis Wolf: PRESIDENT AS OF APRIL 2024 then PRESIDENT

Totals

Total revenue
$3,512,173
Total expenses
$1,689,259
Contributions and grants received
$1,288,492
Grants paid
$1,403,464
Program service revenue
$0
Investment income
$2,176,538
Other revenue
$47,143
Total assets, end of year
$24,726,948
Total liabilities, end of year
$248,828
Net assets or fund balances, end of year
$24,478,120
Program services expenses (Part IX)
$1,528,255
Management and general expenses
$161,004
Fundraising expenses
$0
Program service expenses (Part III)
$1,528,255

Program services were 90.5% 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

    $1,288,492

  • 1g · Noncash contributions included above

    $247,038

  • 3 · Investment income

    total $540,812 · unrelated business $2,993 · excluded $537,819

  • 5 · Royalties

    total $549 · excluded $549

  • 7a · Gross sales of assets other than inventory

    securities $1,635,726

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $1,635,726

  • 7d · Net gain or loss

    total $1,635,726 · excluded $1,635,726

  • 11a · Other revenue: S-CORPORATION INCOME

    total $46,594 · unrelated business $46,594

  • 11e · Other revenue, total

    $46,594

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,058,715 · program services $1,058,715

  • 2 · Grants to domestic individuals

    total $344,749 · program services $344,749

  • 5 · Compensation of officers, directors and key employees

    total $46,030 · program services $36,824 · management and general $9,206

  • 7 · Other salaries and wages

    total $57,297 · program services $45,838 · management and general $11,459

  • 9 · Other employee benefits

    total $17,813 · program services $14,250 · management and general $3,563

  • 11b · Fees: legal

    total $265 · management and general $265

  • 11c · Fees: accounting

    total $26,850 · management and general $26,850

  • 11f · Fees: investment management

    total $104,064 · management and general $104,064

  • 12 · Advertising and promotion

    total $255 · management and general $255

  • 13 · Office expenses

    total $7,377 · program services $7,377

  • 19 · Conferences, conventions and meetings

    total $611 · program services $611

  • 24a · Other expenses: RODEO EXPENSES

    total $12,228 · program services $12,228

  • 24b · Other expenses: FOREIGN TAX EXPENSE

    total $5,342 · management and general $5,342

  • 24e · All other expenses

    total $7,663 · program services $7,663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,746 · end of year $712,743

  • 2 · Savings and temporary cash investments

    beginning of year $441,112 · end of year $441,815

  • 10a · Land, buildings and equipment: cost or other basis

    $10,000

  • 10c · Land, buildings and equipment, net

    beginning of year $10,000 · end of year $10,000

  • 11 · Investments: publicly traded securities

    beginning of year $20,356,025 · end of year $21,705,197

  • 12 · Investments: other securities

    beginning of year $940,000 · end of year $1,290,000

  • 15 · Other assets

    beginning of year $537,861 · end of year $567,193

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,662 · end of year $7,256

  • 21 · Escrow or custodial account liability

    beginning of year $238,536 · end of year $241,572

  • 25 · Other liabilities

    beginning of year $10,650 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,113,757 · end of year $5,534,286

  • 28 · Net assets with donor restrictions

    beginning of year $17,578,139 · end of year $18,943,834

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL EXPERIENCES THAT ARE DESIGNED TO ENRICH THE PERSONAL LIVES OF STUDENTS AND TO PREPARE THEM FOR ROLES IN AGRICULTURE, BUSINESS, EDUCATION, GOVERNMENT, AND INDUSTRY.

Activities or mission (Part I)

PROVIDES SCHOLARSHIPS AND GENERAL SUPPORT FOR THE OKLAHOMA PANHANDLE STATE UNIVERSITY.

  • THE FOUNDATION PROVIDES FUNDING TO THE OKLAHOMA PANHANDLE STATE UNIVERSITY TO SUPPORT VARIOUS EDUCATION PROGRAMS AND PROJECTS.

    Expenses $953,506 · Grants $828,715

  • THE FOUNDATION PROVIDES FUNDING TO THE OKLAHOMA PANHANDLE STATE UNIVERSITY (OPSU) FOR STUDENT SCHOLARSHIPS. GENERAL DONATIONS TO OPSU FOR SCHOLARSHIPS: $230,000OPSU SELECTS THE SCHOLARSHIP RECIPIENTS.FOUNDATION PROGRAM AND ENDOWMENT SCHOLARSHIPS: $344,749THE FOUNDATION SELECTS SCHOLARSHIP RECIPIENTS THROUGH AN APPLICATION PROCESS AND DONOR CRITERIA. THE TOTAL NUMBER OF SCHOLARSHIPS AWARDED BY THE FOUNDATION IN FALL 2024 WAS 271 AND SPRING 2025 WAS 243.

    Expenses $574,749 · Grants $574,749

As filed on the 2024 return.

Listed in Part VII

  • Chyanna Black

    EXECUTIVE DIRECTOR

    Total calculated
    $64,359
    From this org
    $0
    From related orgs
    $0
    Other
    $64,359
    Hours/week
    40
  • Travis Wolf

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Diane Murphey

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Sharen Wilson

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Katie Quebedeaux

    ALUMNI PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Meagan Greeson

    ALUMNI TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Benny Dain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carol Altom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Petty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Logan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jack Strain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Oblander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jimmy Quimby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kim Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lloyd Looper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louise Wyrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Roberston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roger McKinnon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Russell Edenborough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Zac Perkins

    DIRECTOR

    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

  • OKLAHOMA PANHANDLE STATE UNIVERSITY

    $828,714

    CONSTRUCTION, PROFESSIONAL DEVELOPMENT AND SUPPORT TO THE UNIVERSITY CLUB

  • OKLAHOMA PANHANDLE STATE UNIVERSITY

    $230,000

    SCHOLARSHIPS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • OKLAHOMA PANHANDLE STATE UNIVERSITY

    PUBLIC UNIVERSITY · HIGHER EDUCATION · OK

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALLIE MITCHELL CHARITABLE REMAINDER UNITRUST

    T · SCHOLARSHIP GRANTS · OK · 100% owned · share of income $12,661 · share of assets $504,016

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202621129349300327

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