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← UNIVERSITY OF OKLAHOMA FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF OKLAHOMA FOUNDATION INC.

Totals

Total revenue
$218,692,988
Total expenses
$221,615,464
Contributions and grants received
$183,133,965
Grants paid
$180,288,010
Program service revenue
$0
Investment income
$16,114,507
Other revenue
$19,444,516
Total assets, end of year
$2,769,347,525
Total liabilities, end of year
$502,610,406
Net assets or fund balances, end of year
$2,266,737,119
Program services expenses (Part IX)
$180,364,442
Management and general expenses
$20,149,713
Fundraising expenses
$21,101,309
Program service expenses (Part III)
$180,364,442

Program services were 81.4% 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.

  • 1d · Related organizations

    $1,504,728

  • 1f · All other contributions, gifts and grants

    $181,629,237

  • 1g · Noncash contributions included above

    $16,278,537

  • 3 · Investment income

    total $33,640,054 · excluded $33,640,054

  • 5 · Royalties

    total $6,428,790 · excluded $6,428,790

  • 7a · Gross sales of assets other than inventory

    securities $208,602,535

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

    securities $226,128,082

  • 7c · Gain or loss

    securities -$17,525,547

  • 7d · Net gain or loss

    total -$17,525,547 · excluded -$17,525,547

  • 11a · Other revenue: FUNDRAISING SERVICE RE

    total $10,987,640 · related or exempt $10,987,640

  • 11b · Other revenue: OTHER INCOME

    total $1,256,088 · related or exempt $897,697 · unrelated business $358,391

  • 11c · Other revenue: PARTNERSHIP INCOME

    total $771,998 · unrelated business $771,998

  • 11e · Other revenue, total

    $13,015,726

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $140,406,733 · program services $140,406,733

  • 2 · Grants to domestic individuals

    total $39,881,277 · program services $39,881,277

  • 5 · Compensation of officers, directors and key employees

    total $3,537,780 · management and general $3,537,780

  • 7 · Other salaries and wages

    total $5,518,585 · management and general $5,518,585

  • 8 · Pension plan contributions

    total $699,253 · management and general $699,253

  • 9 · Other employee benefits

    total $387,992 · management and general $387,992

  • 10 · Payroll taxes

    total $427,425 · management and general $427,425

  • 11a · Fees: management

    total $826,335 · management and general $826,335

  • 11b · Fees: legal

    total $603,117 · management and general $603,117

  • 11c · Fees: accounting

    total $216,477 · management and general $216,477

  • 11e · Fees: professional fundraising services

    total $169,407 · fundraising $169,407

  • 11f · Fees: investment management

    total $1,427,725 · management and general $1,427,725

  • 11g · Fees: other

    total $880,979 · management and general $880,979

  • 12 · Advertising and promotion

    total $526,607 · management and general $526,607

  • 13 · Office expenses

    total $716,705 · management and general $716,705

  • 14 · Information technology

    total $876,325 · management and general $876,325

  • 16 · Occupancy

    total $870,705 · management and general $870,705

  • 17 · Travel

    total $874,674 · management and general $874,674

  • 22 · Depreciation, depletion and amortization

    total $815,835 · management and general $815,835

  • 23 · Insurance

    total $213,985 · management and general $213,985

  • 24a · Other expenses: TAX ON UBI

    total $47,691 · management and general $47,691

  • 24b · Other expenses: EXPENSES REIMBURSED TO

    total $20,931,902 · fundraising $20,931,902

  • 24c · Other expenses: SPECIAL EVENTS

    total $361,262 · management and general $361,262

  • 24d · Other expenses: PRINTING

    total $165,548 · management and general $165,548

  • 24e · All other expenses

    total $231,140 · program services $76,432 · management and general $154,708

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,149,614 · end of year $12,207,789

  • 2 · Savings and temporary cash investments

    beginning of year $280,312,741 · end of year $290,845,883

  • 3 · Pledges and grants receivable

    beginning of year $125,095,735 · end of year $144,687,057

  • 4 · Accounts receivable

    beginning of year $4,415,461 · end of year $9,779,142

  • 9 · Prepaid expenses and deferred charges

    beginning of year $240,002 · end of year $0

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

    $33,498,930

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,319,154

  • 10c · Land, buildings and equipment, net

    beginning of year $30,586,322 · end of year $30,179,776

  • 11 · Investments: publicly traded securities

    beginning of year $2,057,417,101 · end of year $2,202,232,490

  • 13 · Investments: program-related

    beginning of year $46,282,072 · end of year $46,709,665

  • 15 · Other assets

    beginning of year $22,874,568 · end of year $32,705,723

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,742,259 · end of year $24,886,575

  • 25 · Other liabilities

    beginning of year $445,528,006 · end of year $477,723,831

  • 27 · Net assets without donor restrictions

    beginning of year $66,663,556 · end of year $83,484,349

  • 28 · Net assets with donor restrictions

    beginning of year $2,042,439,795 · end of year $2,183,252,770

Mission and programs · 2023

Mission

THE UNIVERSITY OF OKLAHOMA FOUNDATION IS AN INDEPENDENT CHARITABLE ORGANIZATION THAT FACILITATES AND MANAGES PHILANTHROPIC GIFTS TO SUPPORT THE UNIVERSITY OF OKLAHOMA. WITH A CULTURE OF INTEGRITY, SKILL AND PERSISTENCE, WE ALIGN THE PASSIONS OF DONORS AND OUR ALUMNI WITH THE INDELIBLE MISSION OF THE UNIVERSITY OF OKLAHOMA.

  • GENERAL UNIVERSITY EDUCATION ASSISTANCEEXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE RANGING FROM GENERAL SUPPLIES TO SPECIFIC PROJECTS WITHIN A DEPARTMENT OR SCHOOL OF THE UNIVERSITY.

    Expenses $39,620,951 · Grants $39,620,951

  • STUDENT SCHOLARSHIPSEXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE RANGING FROM UNRESTRICTED SCHOLARSHIPS TO RESTRICTED SCHOLARSHIPS WITHIN A COLLEGE/DEPARTMENT OR SCHOOL OF THE UNIVERSITY.

    Expenses $39,881,277 · Grants $39,881,277

  • SALARY SUPPLEMENTSSUCH EXPENDITURES ARE PROCESSED THROUGH THE UNIVERSITY'S PAYROLL SYSTEM. UPON RECEIVING ADEQUATE DOCUMENTATION, THE FOUNDATION WILL REIMBURSE THE UNIVERSITY FOR SUCH EXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE.

    Expenses $58,687,592 · Grants $58,687,592

  • FACILITIES AND EQUIPMENTEXPENDITURES MADE IN ACCORDANCE WITH THE FUND PURPOSE RANGING FROM THE PURCHASE OF LAB EQUIPMENT TO CONSTRUCTION OF BUILDINGS WITHIN A DEPARTMENT OR SCHOOL OF THE UNIVERSITY.

    Expenses $42,174,622 · Grants $42,098,190

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

Listed in Part VII

  • ELBY BEAL

    CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID MOFFETT

    VICE-CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS ANOATUBBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALAN ARMSTRONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BEALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEB BOATMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BURDICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANN COSGROVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAY DONAHUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY DURIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PHIL ESTES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN EVATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANNY HEATLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEITH JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANNABEL JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JOSEPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARRY PEFANIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LARRY PINKERTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FLOYD SIMON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DON SMITHERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BOLAJI SOFOLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHAREN JESTER TURNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GUY L PATTON

    PRESIDENT AND CEO

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

    Schedule J breakdown matched by us

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

  • AMY NOAH

    VICE PRESIDENT AND CAO

    Total calculated
    $459,876
    From this org
    $407,755
    From related orgs
    $0
    Other
    $52,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,886
    Bonus
    $37,407
    Other
    $13,462
    Deferred
    $42,900
    Nontaxable benefits
    $9,221
    Filer's total
    $459,876

  • BONNIE KENNEDY

    VICE PRESIDENT AND COO

    Total calculated
    $425,090
    From this org
    $374,648
    From related orgs
    $0
    Other
    $50,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,112
    Bonus
    $35,536
    Other
    $0
    Deferred
    $42,900
    Nontaxable benefits
    $7,542
    Filer's total
    $425,090

  • BRAD JOHNSON

    VICE PRESIDENT AND CIO

    Total calculated
    $785,642
    From this org
    $733,626
    From related orgs
    $0
    Other
    $52,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $460,868
    Bonus
    $256,412
    Other
    $16,346
    Deferred
    $42,900
    Nontaxable benefits
    $9,116
    Filer's total
    $785,642

  • KATHY HARLIN

    CORPORATE SECRETARY

    Total calculated
    $187,773
    From this org
    $161,381
    From related orgs
    $0
    Other
    $26,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,204
    Bonus
    $17,177
    Other
    $0
    Deferred
    $18,850
    Nontaxable benefits
    $7,542
    Filer's total
    $187,773

  • KEITH PETERS

    VICE PRESIDENT AND GENERAL COUNSEL

    Total calculated
    $398,884
    From this org
    $346,103
    From related orgs
    $0
    Other
    $52,781
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,502
    Bonus
    $32,063
    Other
    $11,538
    Deferred
    $40,925
    Nontaxable benefits
    $11,856
    Filer's total
    $398,884

  • TRENT WELLS

    VICE PRESIDENT AND TREASURER

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

    Schedule J breakdown matched by us

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

  • EUGENE LOHMEYER

    DEPUTY CHIEF INVESTMENT OFFICER

    Total calculated
    $422,979
    From this org
    $376,932
    From related orgs
    $0
    Other
    $46,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,025
    Bonus
    $105,907
    Other
    $0
    Deferred
    $36,750
    Nontaxable benefits
    $9,297
    Filer's total
    $422,979

  • JORDAN ELLIS

    OF COUNSEL

    Total calculated
    $313,295
    From this org
    $273,125
    From related orgs
    $0
    Other
    $40,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,134
    Bonus
    $22,135
    Other
    $18,856
    Deferred
    $29,374
    Nontaxable benefits
    $10,796
    Filer's total
    $313,295

  • MARY JILL HUGHES

    ASSISTANT VP FOR ADVANCEMENT, NORMAN CAMPUS

    Total calculated
    $290,940
    From this org
    $249,255
    From related orgs
    $0
    Other
    $41,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,051
    Bonus
    $21,565
    Other
    $7,639
    Deferred
    $30,548
    Nontaxable benefits
    $11,137
    Filer's total
    $290,940

  • STACEY MAXON

    ASSISTANT VP FOR ADVANCEMENT, OU HELATH SCIENCES

    Total calculated
    $284,764
    From this org
    $249,625
    From related orgs
    $0
    Other
    $35,139
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,060
    Bonus
    $21,565
    Other
    $0
    Deferred
    $25,894
    Nontaxable benefits
    $9,245
    Filer's total
    $284,764

  • LAUREN BROOKEY

    ASSISTANT VP FOR ADVANCEMENT - OU-TULSA

    Total calculated
    $253,113
    From this org
    $216,462
    From related orgs
    $0
    Other
    $36,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,177
    Bonus
    $19,285
    Other
    $0
    Deferred
    $27,217
    Nontaxable benefits
    $9,434
    Filer's total
    $253,113

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 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 5
THE FOUNDATION ADOPTED AN INVESTMENT OFFICE INCENTIVE PLAN IN APRIL OF 2021. THIS PLAN INCLUDES INCENTIVES FOR INVESTMENT PROFESSIONALS AND IS BASED ON KEY PERFORMANCE METRICS DEFINED BY THE PLAN. THE INCENTIVE PLAN FOR THE INVESTMENT TEAM OF THE FOUNDATION HAS BEEN ESTABLISHED TO ACCOMPLISH SEVERAL IMPORTANT OBJECTIVES: - MOTIVATE AND REWARD DESIRED PERFORMANCE ON THE PART OF THE TEAM. - IMPROVE INVESTMENT PERFORMANCE IN RELATION TO PEERS AND TO INVESTMENT STANDARDS AND BENCHMARKS IN THE INDUSTRY. - DEFINE, MEASURE AND REWARD THE PERFORMANCE AND CONTRIBUTIONS BY THE INVESTMENT OFFICE. - ENABLE THE FOUNDATION TO ATTRACT AND RETAIN HIGH-CALIBER TALENT THROUGH OFFERING COMPETITIVE AND ATTRACTIVE COMPENSATION PROGRAMS AND PAY LEVELS FOR INVESTMENT PROFESSIONALS.
PART I, LINE 6
THE FOUNDATION ADOPTED AN INCENTIVE COMPENSATION PLAN IN APRIL OF 2021. THIS PLAN INCLUDES INCENTIVES FOR REGULAR FOUNDATION EMPLOYEES AND IS BASED ON KEY PERFORMANCE METRICS DEFINED BY THE PLAN.THIS INCENTIVE COMPENSATION PLAN HAS BEEN ESTABLISHED TO ACCOMPLISH SEVERAL IMPORTANT OBJECTIVES: - MOTIVATE PARTICIPANTS TO CONTRIBUTE TO THE SUCCESSFUL PERFORMANCE OF THE FOUNDATION AS ASSESSED THROUGH THE METRICS OUTLINED IN THE PLAN. - LINK INCENTIVE COMPENSATION OPPORTUNITIES TO THE KEY PERFORMANCE METRICS OF THE PLAN. - ENCOURAGE AND REWARD OUTSTANDING PERFORMANCE BY PLAN PARTICIPANTS. - ENABLE THE FOUNDATION TO ATTRACT AND RETAIN HIGH-CALIBER TALENT AT EVERY LEVEL OF THE ORGANIZATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HAMM FAMILY DIABETES CENTER LLC

    DIABETES RESEARCH · OK · income $4,129,145 · assets $37,848,359

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

  • LW CARY INVESTORS LLC

    REAL ESTATE · OK · income $0 · assets $15,196

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

  • OU FOUNDATION INVESTMENTS LLC

    INVESTMENT MANAGEMENT · OK · income $100,404,381 · assets $2,365,685,735

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

  • OUF REAL ESTATE HOLDINGS LLC

    REAL ESTATE · OK · income $0 · assets $181,019

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

  • UNIVERSITY NORTH PARK LLC

    REAL ESTATE · OK · income $18,275 · assets $28,374,969

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (22)

    INVESTMENT · OK

    Directly controlled by UNIVERSITY OF OKLAHOMA FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349311293

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