Form 990 for tax year 2024
Filed by SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $8,134,032
- Total expenses
- $6,549,665
- Contributions and grants received
- $2,979,484
- Grants paid
- $1,828,640
- Program service revenue
- $4,011
- Investment income
- $4,707,085
- Other revenue
- $443,452
- Total assets, end of year
- $35,433,273
- Total liabilities, end of year
- $1,340,130
- Net assets or fund balances, end of year
- $34,093,143
- Program services expenses (Part IX)
- $6,094,305
- Management and general expenses
- $302,606
- Fundraising expenses
- $152,754
- Program service expenses (Part III)
- $6,094,305
Program services were 93.0% 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.
-
1f · All other contributions, gifts and grants
$2,979,484
-
2a · Program service revenue: University Dept Activites
total $4,011 · related or exempt $4,011
-
3 · Investment income
total $1,081,359 · excluded $1,081,359
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $4,885 · related or exempt $4,885
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $17,013,435
-
7b · Less cost or other basis and sales expenses
securities $13,387,709
-
7c · Gain or loss
securities $3,625,726
-
7d · Net gain or loss
total $3,625,726 · excluded $3,625,726
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $438,567 · excluded $438,567
-
11e · Other revenue, total
$438,567
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,828,640 · program services $1,828,640
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $3,624 · management and general $3,624
-
11c · Fees: accounting
total $84,567 · program services $21,689 · management and general $41,189 · fundraising $21,689
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $89,417 · management and general $89,417
-
12 · Advertising and promotion
total $15,980 · program services $6,333 · fundraising $9,647
-
13 · Office expenses
total $63,344 · program services $9,743 · management and general $42,396 · fundraising $11,205
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $31,781 · program services $15,783 · management and general $8,250 · fundraising $7,748
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $82,376 · program services $24,764 · management and general $39,208 · fundraising $18,404
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $6,338 · management and general $6,338
-
24a · Other expenses: Other Program Services
total $4,058,610 · program services $4,058,610
-
24b · Other expenses: Data Integrity Project
total $172,230 · program services $57,410 · management and general $57,410 · fundraising $57,410
-
24c · Other expenses: Other Exp & Events
total $78,528 · program services $71,333 · management and general $7,195
-
24d · Other expenses: Software & Fees
total $27,385 · management and general $7,579 · fundraising $19,806
-
24e · All other expenses
total $6,845 · fundraising $6,845
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,592,971 · end of year $396,626
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $503,165 · end of year $963,849
-
4 · Accounts receivable
end of year $25,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$132,041
-
10b · Land, buildings and equipment: accumulated depreciation
$132,041
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $30,148,729 · end of year $31,768,780
-
12 · Investments: other securities
beginning of year $1,773,115 · end of year $2,122,676
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $149,419 · end of year $156,342
-
17 · Accounts payable and accrued expenses
beginning of year $560,705 · end of year $1,340,130
-
27 · Net assets without donor restrictions
beginning of year -$1,178,472 · end of year -$1,793,096
-
28 · Net assets with donor restrictions
beginning of year $34,785,166 · end of year $35,886,239
Mission and programs · 2024
Mission
TO HELP SOUTHWESTERN OKLAHOMA STATE UNIVERSITY RAISE THE RESOURCES NEEDED FOR THE UNIVERSITY TO ADVANCE BEYOND WHAT IS POSSIBLE WITH STATE FUNDS AND TO ASSIST STUDENTS WITH TUITION AND FEES IN THE FORM OF SCHOLARSHIPS FOR ATTENDANCE AT SOUTHWESTERN OKLAHOMA STATE UNIVERSITY.
-
To Help Southwestern Oklahoma State University raise the resources needed for the university to advance beyond what is possible with state funds, and to assist students with tuition and fees in the form of scholarships for attendance at Southwestern Oklahoma State University.
Expenses $6,094,305
As filed on the 2024 return.
Listed in Part VII
-
Garrett King
Executive Dir.
- Total calculated
- $128,307
- From this org
- $0
- From related orgs
- $128,307
- Other
- $0
- Hours/week
- 40
-
Philip Busey
President
- Total calculated
- $0
- Hours/week
- 2
-
Jeff Defehr
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Juan Garcia
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Lori Harper
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Hart
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Mark Hatton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
James Keehn
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Magill
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Mapel
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Melani Mouse
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Russell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Bryce Conway
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Nelson
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Sue Cornell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Cammi Valdez
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jerrad Richards
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kirti Vaidya Reddy
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kelli Litsch
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Holmstrom
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
-
Southwestern Oklahoma State
$1,828,640
Scholarships, Advancement Services
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.
-
Southwestern Oklahoma State University
115 · Education · OK
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533149349303843
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