Form 990 for tax year 2023
Filed by OXFORD UNIVERSITY DEVELOPMENT NORTH AMERICA INC.
Totals
- Total revenue
- $3,911,248
- Total expenses
- $3,832,200
- Contributions and grants received
- $3,698,965
- Grants paid
- $0
- Program service revenue
- $43,459
- Investment income
- $168,457
- Other revenue
- $367
- Total assets, end of year
- $4,040,051
- Total liabilities, end of year
- $4,395,234
- Net assets or fund balances, end of year
- -$355,183
- Program services expenses (Part IX)
- $2,770,505
- Management and general expenses
- $1,061,695
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,770,505
Program services were 72.3% 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.
-
1d · Related organizations
$3,698,965
-
2a · Program service revenue: ALUMNI AND COLLEGE EVENT INCOME
total $43,459 · related or exempt $43,459
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $168,457 · excluded $168,457
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: MISCELLANEOUS
total $367 · excluded $367
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$367
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $519,843 · program services $236,584 · management and general $283,259
-
7 · Other salaries and wages
total $1,234,294 · program services $983,517 · management and general $250,777
-
8 · Pension plan contributions
total $42,066 · program services $35,586 · management and general $6,480
-
9 · Other employee benefits
total $322,817 · program services $241,604 · management and general $81,213
-
10 · Payroll taxes
total $128,963 · program services $91,564 · management and general $37,399
-
11b · Fees: legal
total $24,880 · program services $17,665 · management and general $7,215
-
11c · Fees: accounting
total $29,137 · program services $20,687 · management and general $8,450
-
11g · Fees: other
total $144,821 · program services $102,823 · management and general $41,998 · fundraising $0
-
13 · Office expenses
total $134,099 · program services $95,210 · management and general $38,889
-
14 · Information technology
total $1,972 · program services $1,972
-
16 · Occupancy
total $826,572 · program services $586,294 · management and general $240,278
-
17 · Travel
total $42,722 · program services $30,332 · management and general $12,390
-
23 · Insurance
total $22,636 · program services $16,072 · management and general $6,564
-
24a · Other expenses: Alumni and college events
total $174,746 · program services $174,746
-
24b · Other expenses: Miscellaneous
total $142,228 · program services $100,981 · management and general $41,247
-
24c · Other expenses: Research
total $21,314 · program services $21,314
-
24d · Other expenses: Meals and entertainment
total $19,090 · program services $13,554 · management and general $5,536
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $153,135 · end of year $175,781
-
2 · Savings and temporary cash investments
beginning of year $1,056,740 · end of year $974,300
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $132,753 · end of year $136,596
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $480,518 · end of year $621,899
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $2,762,807 · end of year $2,131,475
-
17 · Accounts payable and accrued expenses
beginning of year $124,959 · end of year $72,973
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $4,895,225 · end of year $4,322,261
-
27 · Net assets without donor restrictions
beginning of year -$434,231 · end of year -$355,183
Mission and programs · 2023
Mission
TO ENGAGE IN FUNDRAISING ACTIVITIES ON BEHALF OF TAX-EXEMPT ORGANIZATIONS IN NORTH AMERICA SEEKING TO RAISE FUNDS FOR OXFORD UNIVERSITY IN OXFORD, ENGLAND.
Activities or mission (Part I)
THE ORGANIZATION PROMOTES FUNDRAISING ACTIVITIES ON BEHALF OF TAX-EXEMPT ORGANIZATIONS IN NORTH AMERICA SEEKING TO RAISE FUNDS FOR OXFORD UNIVERSITY IN OXFORD, ENGLAND.
-
TO PROMOTE FUNDRAISING ACTIVITIES ON BEHALF OF TAX-EXEMPT ORGANIZATIONS IN NORTH AMERICA SEEKING TO RAISE FUNDS FOR OXFORD UNIVERSITY IN OXFORD, ENGLAND.
Expenses $2,770,505 · Revenue $43,459
As filed on the 2023 return.
Listed in Part VII
-
Dr Liz MillerDR LIZ MILLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Olga LitvinOLGA LITVIN
BOARD TREASURER/DIR OF FINANCE
- Total calculated
- $196,450
- From this org
- $168,546
- From related orgs
- $0
- Other
- $27,904
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,546
- Bonus
- $0
- Other
- $0
- Deferred
- $8,547
- Nontaxable benefits
- $19,357
- Filer's total
- $196,450
-
Sheila BarrettSHEILA BARRETT
EXECUTIVE DIRECTOR/PRESIDENT
- Total calculated
- $308,907
- From this org
- $238,257
- From related orgs
- $0
- Other
- $70,650
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,257
- Bonus
- $0
- Other
- $0
- Deferred
- $11,946
- Nontaxable benefits
- $58,704
- Filer's total
- $308,907
-
Baroness Jan RoyallBARONESS JAN ROYALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel SlifkinDANIEL SLIFKIN
DIRECTOR (SINCE 6/24)
- Total calculated
- $0
- Hours/week
- 1
-
Marius ApetreiMARIUS APETREI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Neil SimpkinsNEIL SIMPKINS
DIRECTOR (SINCE 6/24)
- Total calculated
- $0
- Hours/week
- 1
-
Alison RussellALISON RUSSELL
ASSOCIATE VICE-PRESIDENT
- Total calculated
- $246,614
- From this org
- $193,003
- From related orgs
- $0
- Other
- $53,611
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,003
- Bonus
- $0
- Other
- $0
- Deferred
- $9,650
- Nontaxable benefits
- $43,961
- Filer's total
- $246,614
-
Jo Ann CoreyJO ANN COREY
DIR OF EVENTS/ALUMNI RELATIONS
- Total calculated
- $202,182
- From this org
- $145,576
- From related orgs
- $0
- Other
- $56,606
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,576
- Bonus
- $0
- Other
- $0
- Deferred
- $7,529
- Nontaxable benefits
- $49,077
- Filer's total
- $202,182
-
Serina LeeSERINA LEE
DIR OF RESEARCH/OPERATION
- Total calculated
- $266,385
- From this org
- $220,259
- From related orgs
- $0
- Other
- $46,126
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,259
- Bonus
- $0
- Other
- $0
- Deferred
- $7,050
- Nontaxable benefits
- $39,076
- Filer's total
- $266,385
-
Michael CunninghamMICHAEL CUNNINGHAM
PRESIDENT (THRU 12/22)
- Total calculated
- $325,000
- From this org
- $325,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $325,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $325,000
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- MICHAEL CUNNINGHAM RECEIVED A SETTLEMENT BONUS OF $325,000 PER HIS SEPARATION AGREEMENT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
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.
-
CHANCELLOR MASTERS & SCHOLARS OF OXFORD
501(c)(3) · TO EDUCATE
Directly controlled by NA
-
501(c)(3) · SUPPORT EDU.
Directly controlled by NA
-
UNIVERSITY OF OXFORD
EDUCATION
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501259349301475
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