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Nonprofiteer
← LANGSTON UNIVERSITY FOUNDATION

Form 990 for tax year 2024

Filed by LANGSTON UNIVERSITY FOUNDATION.

Totals

Total revenue
$1,211,055
Total expenses
$1,047,399
Contributions and grants received
$1,304,386
Grants paid
$743,435
Program service revenue
$0
Investment income
$150,431
Other revenue
-$243,762
Total assets, end of year
$8,457,302
Total liabilities, end of year
$2,186
Net assets or fund balances, end of year
$8,455,116
Program services expenses (Part IX)
$743,435
Management and general expenses
$177,334
Fundraising expenses
$126,630
Program service expenses (Part III)
$743,435

Program services were 71.0% 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.

  • 1c · Fundraising events

    $286,807

  • 1f · All other contributions, gifts and grants

    $1,017,579

  • 3 · Investment income

    total $158,096 · excluded $158,096

  • 7a · Gross sales of assets other than inventory

    securities $2,160,317

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

    securities $2,167,982

  • 7c · Gain or loss

    securities -$7,665

  • 7d · Net gain or loss

    total -$7,665 · excluded -$7,665

  • 8a · Fundraising events: gross income

    $65,000

  • 8a · Fundraising events: contributions included on line 1c

    $286,807

  • 8b · Fundraising events: direct expenses

    $310,078

  • 8c · Net income from fundraising events

    total -$245,078 · excluded -$245,078

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,316 · excluded $1,316

  • 11e · Other revenue, total

    $1,316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $531,552 · program services $531,552

  • 2 · Grants to domestic individuals

    total $211,883 · program services $211,883

  • 11c · Fees: accounting

    total $25,225 · management and general $25,225

  • 11e · Fees: professional fundraising services

    total $8,162 · fundraising $8,162

  • 11f · Fees: investment management

    total $28,324 · management and general $28,324

  • 11g · Fees: other

    total $27,580 · management and general $25,389 · fundraising $2,191

  • 12 · Advertising and promotion

    total $7,010 · management and general $7,010

  • 13 · Office expenses

    total $47,918 · management and general $47,440 · fundraising $478

  • 14 · Information technology

    total $2,478 · management and general $2,478

  • 17 · Travel

    total $14,628 · management and general $14,628

  • 18 · Travel or entertainment for public officials

    total $9,040 · management and general $9,040

  • 23 · Insurance

    total $460 · management and general $460

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $115,799 · fundraising $115,799

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $8,830 · management and general $8,830

  • 24c · Other expenses: OTHER EXPENSE

    total $8,497 · management and general $8,497

  • 24d · Other expenses: BOOKS, SUBCRIPTIONS, RE

    total $13 · management and general $13

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,830,863 · end of year $2,273,888

  • 2 · Savings and temporary cash investments

    beginning of year $355,541 · end of year $295,586

  • 3 · Pledges and grants receivable

    beginning of year $93,883 · end of year $44,328

  • 9 · Prepaid expenses and deferred charges

    end of year $1,003

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

    $13,019

  • 10c · Land, buildings and equipment, net

    beginning of year $13,019 · end of year $13,019

  • 11 · Investments: publicly traded securities

    beginning of year $4,528,959 · end of year $5,829,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,018 · end of year $2,186

  • 27 · Net assets without donor restrictions

    beginning of year -$408,087 · end of year -$276,295

  • 28 · Net assets with donor restrictions

    beginning of year $8,212,334 · end of year $8,731,411

Mission and programs · 2024

Mission

TO RAISE MONEY TO SUPPORT LANGSTON UNIVERSITY.

Activities or mission (Part I)

SEE SCH. OLANGSTON UNIVERSITY FOUNDATION IS A VOLUNTEER GROUP ENTRUSTED WITH THE OVERSIGHT OF FUNDRAISING TO BENEFIT LANGSTON UNIVERSITY. THE FOUNDATION PROVIDES VOLUNTEER SUPPORT TO THE UNIVERSITY'S DEVELOPMENT AND FUNDRAISING PROGRAMS. IN ADDITION, THE BOARD MONITORS THE ADMINISTRATION OF THE ASSETS OF THE FOUNDATION, RESULTING IN A BROADENING OF OPPORTUNITIES FOR LEARNING BY STUDENTS AND CONTINUED INVESTING IN FACULTY AND STAFF.

  • LANGSTON UNIVERSITY SCHOOL AND DEPARTMENT SUPPORT: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS TO SUPPORT THE VARIOUS SCHOOLS, PROGRAMS OF STUDY, AND DEPARTMENTS AT LANGSTON UNIVERSITY TO ASSIST THE FACULTY IN PROVIDING THE HIGHEST QUALITY OF EDUCATION TO THEIR STUDENTS.

    Expenses $531,552 · Grants $531,552

  • SCHOLARSHIPS: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS FROM ALUMNI AND FRIENDS OF LANGSTON UNIVERSITY FOR SCHOLARSHIPS TO SUPPORT DESERVING STUDENTS AT LANGSTON UNIVERSITY.

    Expenses $211,883 · Grants $211,883

As filed on the 2024 return.

Listed in Part VII

  • David Stephens

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Joshua Busby

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Marlon James

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darrell Jefflo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wayne Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lovell Leverette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherman Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Purvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Tribble

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hon Kenneth C Watson

    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

  • LANGSTON UNIVERSITY

    $531,552

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349310401

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