Totals
- Total revenue
- $2,223,879
- Total expenses
- $2,031,492
- Contributions and grants received
- $1,006,966
- Grants paid
- $1,232,166
- Program service revenue
- $63,806
- Investment income
- $1,150,909
- Other revenue
- $2,198
- Total assets, end of year
- $32,247,184
- Total liabilities, end of year
- $3,985
- Net assets or fund balances, end of year
- $32,243,199
- Program services expenses (Part IX)
- $1,414,837
- Management and general expenses
- $616,655
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,414,837
Program services were 69.6% 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
$1,006,966
-
2a · Program service revenue: STUDENT LOAN INTEREST I
total $63,806 · related or exempt $63,806
-
3 · Investment income
total $786,781 · related or exempt $786,781
-
7a · Gross sales of assets other than inventory
securities $8,227,778
-
7b · Less cost or other basis and sales expenses
securities $7,863,650
-
7c · Gain or loss
securities $364,128
-
7d · Net gain or loss
total $364,128 · related or exempt $364,128
-
11a · Other revenue: MISC REVENUE
total $2,198 · related or exempt $2,198
-
11e · Other revenue, total
$2,198
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $75,000 · program services $75,000
-
2 · Grants to domestic individuals
total $1,157,166 · program services $1,157,166
-
5 · Compensation of officers, directors and key employees
total $111,901 · program services $44,760 · management and general $67,141
-
7 · Other salaries and wages
total $222,219 · program services $88,888 · management and general $133,331
-
8 · Pension plan contributions
total $44,597 · program services $17,839 · management and general $26,758
-
9 · Other employee benefits
total $905 · program services $362 · management and general $543
-
10 · Payroll taxes
total $25,564 · program services $10,226 · management and general $15,338
-
11c · Fees: accounting
total $72,520 · management and general $72,520
-
11f · Fees: investment management
total $188,952 · management and general $188,952
-
12 · Advertising and promotion
total $7,112 · management and general $7,112
-
13 · Office expenses
total $5,702 · management and general $5,702
-
14 · Information technology
total $24,777 · management and general $24,777
-
16 · Occupancy
total $15,269 · management and general $15,269
-
22 · Depreciation, depletion and amortization
total $21,043 · management and general $21,043
-
23 · Insurance
total $16,693 · management and general $16,693
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $11,087 · management and general $11,087
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $11,064 · program services $11,064
-
24c · Other expenses: DONOR REFUND
total $9,532 · program services $9,532
-
24d · Other expenses: MISCELLANEOUS
total $6,762 · management and general $6,762
-
24e · All other expenses
total $3,627 · management and general $3,627
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $820,887 · end of year $640,515
-
2 · Savings and temporary cash investments
beginning of year $741,526 · end of year $696,938
-
7 · Other notes and loans receivable
beginning of year $2,102,840 · end of year $2,489,196
-
9 · Prepaid expenses and deferred charges
beginning of year $6,329 · end of year $6,420
-
10a · Land, buildings and equipment: cost or other basis
$576,074
-
10b · Land, buildings and equipment: accumulated depreciation
$339,291
-
10c · Land, buildings and equipment, net
beginning of year $257,820 · end of year $236,783
-
12 · Investments: other securities
beginning of year $27,277,876 · end of year $28,148,482
-
15 · Other assets
beginning of year $21,226 · end of year $28,850
-
17 · Accounts payable and accrued expenses
beginning of year $3,487 · end of year $3,985
-
27 · Net assets without donor restrictions
beginning of year $6,722,722 · end of year $7,177,677
-
28 · Net assets with donor restrictions
beginning of year $24,502,295 · end of year $25,065,522
Mission and programs · 2023
Mission
TO ASSIST STUDENTS IN ACHIEVING THEIR EDUCATIONAL GOALS BY PROVIDING LOANS AND SCHOLARSHIPS FOR COLLEGE EDUCATIONS.
Activities or mission (Part I)
PROVIDE LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS
-
OPI PROVIDES STUDENT LOANS AND SCHOLARSHIPS TO COLLEGE STUDENTS PRIMARILY FROM THE TEXAS PANHANDLE. THIS INVOLVES REVIEWING APPLICATIONS AND MEETING WITH STUDENTS. OVER 500 STUDENTS ARE ASSISTED EACH YEAR.
Expenses $1,414,837 · Grants $1,232,166 · Revenue $1,216,913
As filed on the 2023 return.
Listed in Part VII
-
Keith BrownKEITH BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn BaxterCAROLYN BAXTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha CampbellMARTHA CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debbie CollierDEBBIE COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jj GomezJJ GOMEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Brock LovettDR BROCK LOVETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meg O'BrienMEG O'BRIEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kyle SingletonKYLE SINGLETON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bob RobinsonDR BOB ROBINSON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wiley HarpWILEY HARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry SchaefferJERRY SCHAEFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna WarrickDONNA WARRICK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Chris BradyDR CHRIS BRADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey KellySTACEY KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan TripplehornSUSAN TRIPPLEHORN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tim BynumTIM BYNUM
EXEC DIRECTOR/PRESIDENT
- Total calculated
- $110,196
- From this org
- $110,196
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Currie SmithCURRIE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janyth BowersJANYTH BOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patrick HanfordDR PATRICK HANFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt MarrsMATT MARRS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie HortonLESLIE HORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wes YoungWES YOUNG
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lindy BurnamLINDY BURNAM
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Macy PickeringMACY PICKERING
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Larry JohnsonDR LARRY JOHNSON
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lynda TinsleyLYNDA TINSLEY
SEC/TREAS
- 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
-
TEXAS TECH FOUNDATION
$75,000
RESIDENT STIPEND DOCTOR OF OSTEOPATHIC MEDICINE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540939349300044
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.