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← FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC.

Totals

Total revenue
$754,288
Total expenses
$2,749,840
Contributions and grants received
$0
Grants paid
$2,746,840
Program service revenue
$0
Investment income
$754,288
Other revenue
$0
Total assets, end of year
$126,571,097
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$126,571,097
Program services expenses (Part IX)
$2,746,840
Management and general expenses
$3,000
Fundraising expenses
$0
Program service expenses (Part III)
$2,746,840

Program services were 99.9% 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.

  • 7a · Gross sales of assets other than inventory

    securities $1,246,472

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

    securities $492,184

  • 7c · Gain or loss

    securities $754,288

  • 7d · Net gain or loss

    total $754,288 · excluded $754,288

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,746,840 · program services $2,746,840

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37 · end of year $97

  • 12 · Investments: other securities

    beginning of year $140,600,650 · end of year $126,571,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,900 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $140,597,787 · end of year $126,571,097

Mission and programs · 2022

Mission

CREATED AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. WITH THE SOLE MISSION OF PROVIDING SUPPORT TO THE COLLEGE OF ENGINEERING AT THE UNIVERSITY OF OKLAHOMA AND TO INCREASE THE NUMBER AND QUALITY OF ENGINEERING GRADUATES.

  • PROVIDED GRANTS TO THE UNIVERSITY OF OKLAHOMA FOUNDATION TO SUPPORT THE COLLEGE OF ENGINEERING AT THE UNIVERSITY OF OKLAHOMA.

    Expenses $2,746,840 · Grants $2,746,840

As filed on the 2022 return.

Listed in Part VII

  • GUY L PATTON

    DIRECTOR

    Total calculated
    $683,872
    From this org
    $0
    From related orgs
    $629,721
    Other
    $54,151
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,088 related
    Bonus
    $0 + $98,633 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $40,550 related
    Nontaxable benefits
    $0 + $13,601 related
    Filer's total
    $0 + $683,872 related

  • TRENT R WELLS

    DIRECTOR

    Total calculated
    $366,545
    From this org
    $0
    From related orgs
    $323,244
    Other
    $43,301
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $277,194 related
    Bonus
    $0 + $35,280 related
    Other
    $0 + $10,770 related
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $13,601 related
    Filer's total
    $0 + $366,545 related

  • MARK A HELM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL SCHLITTLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELBY BEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
THE CEO OF THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. IS A DIRECTOR OF THE FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA. THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. USES COMPENSATION COMMITTEES, AN INDEPENDENT COMPENSATION CONSULTANT, AND COMPENSATION STUDIES TO DETERMINE THE CEO'S COMPENSATION.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401359349301910

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