Form 990 for tax year 2024
Filed by UNIVERSITY OF SCIENCE & ARTS OF OKLAHOMA FOUNDATION INC.
Totals
- Total revenue
- $3,054,580
- Total expenses
- $2,359,270
- Contributions and grants received
- $1,424,135
- Grants paid
- $2,065,319
- Program service revenue
- $11,807
- Investment income
- $607,620
- Other revenue
- $1,011,018
- Total assets, end of year
- $22,008,231
- Total liabilities, end of year
- $615,435
- Net assets or fund balances, end of year
- $21,392,796
- Program services expenses (Part IX)
- $2,065,319
- Management and general expenses
- $270,460
- Fundraising expenses
- $23,491
- Program service expenses (Part III)
- $2,065,319
Program services were 87.5% 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
$1,424,135
-
2a · Program service revenue: Event Ticket Revenue
total $4,995 · related or exempt $4,995
-
2f · All other program service revenue
total $6,812 · related or exempt $6,812
-
3 · Investment income
total $463,460 · excluded $463,460
-
5 · Royalties
total $1,011,018 · excluded $1,011,018
-
7a · Gross sales of assets other than inventory
securities $685,194
-
7b · Less cost or other basis and sales expenses
securities $541,034
-
7c · Gain or loss
securities $144,160
-
7d · Net gain or loss
total $144,160 · excluded $144,160
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,695,611 · program services $1,695,611
-
2 · Grants to domestic individuals
total $369,708 · program services $369,708
-
11a · Fees: management
total $60,932 · management and general $60,932
-
11c · Fees: accounting
total $11,000 · management and general $11,000
-
11f · Fees: investment management
total $101,571 · management and general $101,571
-
12 · Advertising and promotion
total $22,224 · fundraising $22,224
-
13 · Office expenses
total $20,118 · management and general $20,118
-
14 · Information technology
total $57,185 · management and general $57,185
-
24a · Other expenses: Memberships
total $3,311 · management and general $3,311
-
24e · All other expenses
total $17,610 · management and general $16,343 · fundraising $1,267
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $273,664 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $521,196
-
8 · Inventories for sale or use
beginning of year $4,500 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $19,874,165 · end of year $20,590,084
-
12 · Investments: other securities
beginning of year $0 · end of year $896,951
-
17 · Accounts payable and accrued expenses
beginning of year $126,341 · end of year $52,189
-
21 · Escrow or custodial account liability
end of year $563,246
-
23 · Secured mortgages and notes payable
beginning of year $83,554 · end of year $0
-
25 · Other liabilities
beginning of year $207,707 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $8,091,538 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $11,643,189 · end of year $21,392,796
Mission and programs · 2024
Mission
The purpose of the USAO Foundation is to support the mission of the University of Science & Arts of Oklahoma.
Activities or mission (Part I)
Educational scholarships and other support of the University of Science and Arts of Oklahoma
-
Scholarships
Expenses $369,708 · Grants $369,708
-
University Support
Expenses $1,695,611 · Grants $1,695,611 · Revenue $11,807
As filed on the 2024 return.
Listed in Part VII
-
Johnny Trammell
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Corbin Lee
First Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Erica Alexander
Second Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mari Fagin
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Chris Collins
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Don Holladay
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Milton Bowens
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Dr Stan Brown
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Chris Allen Carter
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Chris Jeffries
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Tim Koehler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Paul Lewis
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Richard Teague
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Karol Vananda
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Isabellah Willoughby
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eugene Earsom
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JP Audas
Executive Director
- Total calculated
- $140,688
- From this org
- $0
- From related orgs
- $126,177
- Other
- $14,511
- Hours/week
- 15 + 25 related
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
-
University of Science and Arts of Oklahoma
$1,695,611
University Support
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.
-
University of Science and Arts of Oklahoma
GOVT · Higher Education · OK
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349305090
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