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← FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC.

Totals

Total revenue
$1,138,390
Total expenses
$1,504,728
Contributions and grants received
$0
Grants paid
$1,501,528
Program service revenue
$0
Investment income
$1,138,390
Other revenue
$0
Total assets, end of year
$140,514,145
Total liabilities, end of year
$1,504,728
Net assets or fund balances, end of year
$139,009,417
Program services expenses (Part IX)
$1,501,528
Management and general expenses
$3,200
Fundraising expenses
$0
Program service expenses (Part III)
$1,501,528

Program services were 99.8% 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.

  • 7a · Gross sales of assets other than inventory

    securities $2,004,728

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

    securities $866,338

  • 7c · Gain or loss

    securities $1,138,390

  • 7d · Net gain or loss

    total $1,138,390 · excluded $1,138,390

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,501,528 · program services $1,501,528

  • 11c · Fees: accounting

    total $3,200 · management and general $3,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97 · end of year $25

  • 12 · Investments: other securities

    beginning of year $126,571,000 · end of year $140,514,120

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $3,200

  • 18 · Grants payable

    beginning of year $0 · end of year $1,501,528

  • 28 · Net assets with donor restrictions

    beginning of year $126,571,097 · end of year $139,009,417

Mission and programs · 2023

Mission

CREATED AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. WITH THE SOLE MISSION OF PROVIDING SUPPORT TO THE COLLEGE OF ENGINEERING AT THE UNIVERSITY OF OKLAHOMA AND TO INCREASE THE NUMBER AND QUALITY OF ENGINEERING GRADUATES.

  • PROVIDED GRANTS TO THE UNIVERSITY OF OKLAHOMA FOUNDATION TO SUPPORT THE COLLEGE OF ENGINEERING AT THE UNIVERSITY OF OKLAHOMA.

    Expenses $1,501,528 · Grants $1,501,528

As filed on the 2023 return.

Listed in Part VII

  • Guy L Patton

    DIRECTOR

    Total calculated
    $751,481
    From this org
    $0
    From related orgs
    $696,725
    Other
    $54,756
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,592 related
    Bonus
    $0 + $85,133 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $42,900 related
    Nontaxable benefits
    $0 + $11,856 related
    Filer's total
    $0 + $751,481 related

  • Trent R Wells

    DIRECTOR

    Total calculated
    $375,386
    From this org
    $0
    From related orgs
    $332,730
    Other
    $42,656
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,582 related
    Bonus
    $0 + $30,994 related
    Other
    $0 + $11,154 related
    Deferred
    $0 + $30,800 related
    Nontaxable benefits
    $0 + $11,856 related
    Filer's total
    $0 + $375,386 related

  • Mark A Helm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Schlittler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elby Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pete Simms

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO OF THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. IS A DIRECTOR OF THE FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA. THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. USES COMPENSATION COMMITTEES, AN INDEPENDENT COMPENSATION CONSULTANT, AND COMPENSATION STUDIES TO DETERMINE THE CEO'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202521339349306247

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