Form 990 for tax year 2022

Totals

Total revenue

$2,384,009

Total expenses

$2,802,964

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$2,376,484

Investment income

$7,525

Other revenue

$0

Total assets, end of year

$1,965,713

Total liabilities, end of year

$1,965,713

Net assets or fund balances, end of year

$0

Program services expenses (Part IX)

$2,431,250

Management and general expenses

$371,714

Fundraising expenses

$0

Program service expenses (Part III)

$2,431,250

Program services were 86.7% 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.

Mission and programs · 2022

• Multilateral Endowment Management Company (MEMCO) is an investment management company dedicated solely to providing investment advisory services to the Oklahoma State University Foundation (OSU Foundation), the Foundation for the McKnight Center for the Performing Arts (McKnight Center), the Office of the Utah State Treasurer (Utah Treasurer), affiliated nonprofits, and nonaffiliated charitable endowments and foundations. MEMCO has delivered top quartile investment returns to its not-for-profit supported organizations at below market cost. All expenses of the Organization are fully reimbursed in the form of management fees and other expenses from its supported organizations. The sole purpose of the Organization is to provide investment management and related services to qualifying public charities.

  Expenses $2,431,250 · Revenue $2,376,484

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

No itemized grants to organizations 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.

• Oklahoma State University Foundation

  501(c)(3) · Fundraising for Oklahoma State University · OK

• Foundation for the McKnight Center for Performing Arts

  501(c)(3) · Fundraising for McKnight Center for Performing Arts · OK

• Utah Office of State Treasurer

  Administering certain investment portfolios for the State of Utah · UT

Provenance

Return type

form_990

Tax year

2022

Filed

9 May 2024

IRS schema version

2022v5.0

Source object

202441319349301109

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