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← PANHANDLE STATE FOUNDATION

Form 990 for tax year 2022

Filed by PANHANDLE STATE FOUNDATION.

Totals

Total revenue
$1,887,080
Total expenses
$1,434,074
Contributions and grants received
$1,019,722
Grants paid
$1,294,069
Program service revenue
$0
Investment income
$865,668
Other revenue
$1,690
Total assets, end of year
$19,051,052
Total liabilities, end of year
$303,530
Net assets or fund balances, end of year
$18,747,522
Program services expenses (Part IX)
$1,389,464
Management and general expenses
$44,610
Fundraising expenses
$0
Program service expenses (Part III)
$1,389,464

Program services were 96.9% 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.

  • 1f · All other contributions, gifts and grants

    $1,019,722

  • 3 · Investment income

    total $773,204 · unrelated business -$2,456 · excluded $775,660

  • 5 · Royalties

    total $1,690 · excluded $1,690

  • 7a · Gross sales of assets other than inventory

    securities $534,020

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

    securities $441,556

  • 7c · Gain or loss

    securities $92,464

  • 7d · Net gain or loss

    total $92,464 · excluded $92,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $779,819 · program services $779,819

  • 2 · Grants to domestic individuals

    total $514,250 · program services $514,250

  • 5 · Compensation of officers, directors and key employees

    total $44,692 · program services $35,753 · management and general $8,939

  • 7 · Other salaries and wages

    total $50,860 · program services $40,688 · management and general $10,172

  • 8 · Pension plan contributions

    total $7,089 · program services $5,671 · management and general $1,418

  • 9 · Other employee benefits

    total $10,016 · program services $8,013 · management and general $2,003

  • 10 · Payroll taxes

    total $6,587 · program services $5,270 · management and general $1,317

  • 11b · Fees: legal

    total $382 · management and general $382

  • 11c · Fees: accounting

    total $13,900 · management and general $13,900

  • 12 · Advertising and promotion

    total $1,617 · management and general $1,617

  • 13 · Office expenses

    total $2,900 · management and general $2,900

  • 17 · Travel

    total $286 · management and general $286

  • 19 · Conferences, conventions and meetings

    total $1,461 · management and general $1,461

  • 23 · Insurance

    total $215 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,840 · end of year $127,910

  • 2 · Savings and temporary cash investments

    beginning of year $190,000 · end of year $190,000

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

    $5,000

  • 10c · Land, buildings and equipment, net

    beginning of year $5,000 · end of year $5,000

  • 11 · Investments: publicly traded securities

    beginning of year $19,699,791 · end of year $18,064,570

  • 12 · Investments: other securities

    beginning of year $141,941 · end of year $174,033

  • 15 · Other assets

    beginning of year $616,877 · end of year $489,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,755 · end of year $69,251

  • 21 · Escrow or custodial account liability

    beginning of year $225,414 · end of year $234,279

  • 27 · Net assets without donor restrictions

    beginning of year $10,885,489 · end of year $4,501,718

  • 28 · Net assets with donor restrictions

    beginning of year $9,661,791 · end of year $14,245,804

Mission and programs · 2022

Mission

TO PROVIDE EDUCATIONAL EXPERIENCES THAT ARE DESIGNED TO ENRICH THE PERSONAL LIVES OF STUDENTS AND TO PREPARE THEM FOR ROLES IN AGRICULTURE, BUSINESS, EDUCATION, GOVERNMENT, AND INDUSTRY.

Activities or mission (Part I)

PROVIDES SCHOLARSHIPS AND GENERAL SUPPORT FOR THE OKLAHOMA PANHANDLE STATE UNIVERSITY.

  • THE FOUNDATION PROVIDES FUNDING TO THE OKLAHOMA PANHANDLE STATE UNIVERSITY TO SUPPORT VARIOUS EDUCATION PROGRAMS AND PROJECTS. THE FOUNDATION PROVIDED $45,000 TO THE PRESIDENTIAL SUPPORT FUND FOR DISCRETIONARY USE; PROVIDED FUNDING FOR THE MASONIC ENRICHMENT PROGRAM TO SUPPORT THE ART JUBILEE AND A READING SERIES FOR STUDENTS AND COMMUNITY MEMBERS; AND PROVIDED SUPPORT TO THE BAUGHMAN FUND THAT SUPPORTS THE STUDENT TEACHING PROGRAM AND FACULTY CONTINUING EDUCATION.

    Expenses $875,214 · Grants $779,819 · Revenue $1,887,081

  • THE FOUNDATION PROVIDES FUNDING TO THE OKLAHOMA PANHANDLE STATE UNIVERSITY (OPSU) FOR STUDENT SCHOLARSHIPS. THE TOTAL NUMBER OF SPRING AND FALL SCHOLARSHIPS AWARDED IN 2022 WAS 474. THE FOUNDATION ALSO PROVIDED $115,000 PER SEMESTER FOR GENERAL SCHOLARSHIP USE.

    Expenses $514,250 · Grants $514,250

As filed on the 2022 return.

Listed in Part VII

  • Jimmy Quimby

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Travis Wolf

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Diane Murphey

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Carol Altom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Benny Dain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Russell Edenborough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Luke Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Layne Greeson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Logan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lloyd Looper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tiphanie Mathis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roger McKinnon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Troy Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jim Oblander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Zac Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kim Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Petty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Roberston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jack Strain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Kenneth Woodward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louise Wyrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sharen Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chyanna Black

    EXECUTIVE DIRECTOR (AS OF 7/22)

    Total calculated
    $63,455
    From this org
    $0
    From related orgs
    $53,189
    Other
    $10,266
    Hours/week
    37.5
  • Doris Looper

    EXECUTIVE DIRECTOR (TERMED 7/22)

    Total calculated
    $44,692
    From this org
    $44,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

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

  • OKLAHOMA PANHANDLE STATE UNIVERSITY

    $779,819

    CONSTRUCTION, PROFESSIONAL DEVELOPMENT, AND SUPPORT TO THE UNIVERSITY CLUB ACTIVITIES.

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.

  • OKLAHOMA PANHANDLE STATE UNIVERSITY

    PUBLIC UNIVERSITY · HIGHER EDUCATION · OK

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323179349301602

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