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← UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA ALUMNAE ASSOCIATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA ALUMNAE ASSOCIATION INC.

Totals

Total revenue
$363,486
Total expenses
$160,114
Contributions and grants received
$27,576
Grants paid
$108,475
Program service revenue
$10,239
Investment income
$322,741
Other revenue
$2,930
Total assets, end of year
$3,008,848
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,008,848
Program services expenses (Part IX)
$153,865
Management and general expenses
$6,249
Fundraising expenses
$0
Program service expenses (Part III)
$153,865

Program services were 96.1% 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

    $27,576

  • 2a · Program service revenue: HOMECOMING

    total $9,699 · related or exempt $9,699

  • 2b · Program service revenue: ALUMNI PROJECTS

    total $540 · related or exempt $540

  • 3 · Investment income

    total $91,384 · excluded $91,384

  • 5 · Royalties

    total $2,930 · excluded $2,930

  • 7a · Gross sales of assets other than inventory

    securities $1,505,505 · other assets $5,516

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

    securities $1,279,664

  • 7c · Gain or loss

    securities $225,841 · other assets $5,516

  • 7d · Net gain or loss

    total $231,357 · excluded $231,357

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $108,475 · program services $108,475

  • 11c · Fees: accounting

    total $4,627 · management and general $4,627

  • 11f · Fees: investment management

    total $21,309 · program services $21,309

  • 13 · Office expenses

    total $397 · management and general $397

  • 23 · Insurance

    total $1,225 · management and general $1,225

  • 24a · Other expenses: HOMECOMING

    total $14,132 · program services $14,132

  • 24b · Other expenses: ALUMNI PROJECTS

    total $9,949 · program services $9,949

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $265,304 · end of year $641,009

  • 4 · Accounts receivable

    beginning of year $45 · end of year $45

  • 11 · Investments: publicly traded securities

    beginning of year $3,190,617 · end of year $2,353,248

  • 14 · Intangible assets

    beginning of year $14,546 · end of year $14,546

  • 27 · Net assets without donor restrictions

    beginning of year $1,051,131 · end of year -$580,516

  • 28 · Net assets with donor restrictions

    beginning of year $2,419,381 · end of year $3,589,364

Mission and programs · 2023

Mission

THE PURPOSE OF THE ASSOCIATION IS TO PERPETUATE AND PROMOTE THE INTEREST OF THE UNIVERSITY OF SCIENCE AND ARTS OF OKLAHOMA (USAO), TO PROVIDE LEADERSHIP FOR THE ALUMNI, TO ENCOURAGE ENROLLMENT IN THE UNIVERSITY, AND TO TAKE OTHER ACTION AS MAY BE DEEMED BENEFICIAL FOR THE UNIVERSITY.

  • SCHOLARSHIPS USED FOR USAO STUDENTS

    Expenses $129,784 · Grants $108,475

  • HOMECOMING AND OTHER EVENTS AND PROJECTS FOR ALUMNI AND THE UNIVERSITY.

    Expenses $24,081 · Revenue $10,239

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Whitney Palesano

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    15

  • Dawn Reitan-Brockman

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    15

  • R Eugene Earsom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    7

  • James Greenlee

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5

  • Marissa Moore

    RECORDING SE

    Total calculated
    $0
    Hours/week
    5

  • Tia Murry

    CORRESPOND S

    Total calculated
    $0
    Hours/week
    5

  • Heidi Walker

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Autumn Dalman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charlie Largent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • April Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laronda McCarther

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole McMonagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Shepard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Skinner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Willard

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 December 2024
IRS schema version
2023v5.0
Source object
202413549349301701

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