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← FOUNDATION FOR ENGINEERING AT OKLAHOMA STATE UNIVERSITY INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR ENGINEERING AT OKLAHOMA STATE UNIVERSITY INC.

Totals

Total revenue
$750,212
Total expenses
$1,300,550
Contributions and grants received
$0
Grants paid
$1,300,550
Program service revenue
$0
Investment income
$750,212
Other revenue
$0
Total assets, end of year
$121,922,604
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$121,922,604
Program services expenses (Part IX)
$1,300,550
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,300,550

Program services were 100.0% 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 $1,300,550

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

    securities $550,338

  • 7c · Gain or loss

    securities $750,212

  • 7d · Net gain or loss

    total $750,212 · excluded $750,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,300,550 · program services $1,300,550

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $134,129,075 · end of year $121,922,604

  • 27 · Net assets without donor restrictions

    beginning of year $134,129,075 · end of year $121,922,604

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT WHICH WILL ULTIMATELY LEAD TO AN INCREASE IN THE QUALITY AND NUMBER OF ENGINEERING GRADUATES AT OKLAHOMA STATE UNIVERSITY.

  • THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION TO THE OKLAHOMA STATE UNIVERSITY FOUNDATION, INC. (OSUF), A SECTION 501(C)(3) PUBLICLY SUPPORTED CHARITY. AS SUCH, THE ORGANIZATION PROVIDES GRANTS TO OSUF TO SUPPORT THE OSU SCHOOL OF ENGINEERING AND ITS STUDENTS AND FACULTY, WITH THE VISION OF PREPARING AND ENHANCING THE QUALITY AND NUMBER OF GRADUATES.

    Expenses $1,300,550 · Grants $1,300,550

As filed on the 2022 return.

Listed in Part VII

  • Blaire Atkinson

    PRESIDENT

    Total calculated
    $441,592
    From this org
    $0
    From related orgs
    $376,136
    Other
    $65,456
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,340 related
    Bonus
    $0 + $29,624 related
    Other
    $0 + $12,172 related
    Deferred
    $0 + $35,075 related
    Nontaxable benefits
    $0 + $30,381 related
    Filer's total
    $0 + $441,592 related

  • Bill Schlitter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Donna Koeppe

    TREASURER

    Total calculated
    $328,633
    From this org
    $0
    From related orgs
    $271,645
    Other
    $56,988
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,371 related
    Bonus
    $0 + $22,061 related
    Other
    $0 + $5,213 related
    Deferred
    $0 + $31,765 related
    Nontaxable benefits
    $0 + $25,223 related
    Filer's total
    $0 + $328,633 related

  • Robyn Baker

    SECRETARY

    Total calculated
    $328,992
    From this org
    $0
    From related orgs
    $264,858
    Other
    $64,134
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,068 related
    Bonus
    $0 + $22,698 related
    Other
    $0 + $2,092 related
    Deferred
    $0 + $31,765 related
    Nontaxable benefits
    $0 + $32,369 related
    Filer's total
    $0 + $328,992 related

  • Kermit Frank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerome Loughridge

    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

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411359349301131

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