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Nonprofiteer
← SEMINOLE STATE COLLEGE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by SEMINOLE STATE COLLEGE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$3,415,676
Total expenses
$2,644,354
Contributions and grants received
$2,827,604
Grants paid
$1,424,505
Program service revenue
$156,790
Investment income
$337,132
Other revenue
$94,150
Total assets, end of year
$15,428,457
Total liabilities, end of year
$7,334,782
Net assets or fund balances, end of year
$8,093,675
Program services expenses (Part IX)
$2,392,154
Management and general expenses
$252,200
Fundraising expenses
$0
Program service expenses (Part III)
$2,392,154

Program services were 90.5% 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.

  • 1e · Government grants (contributions)

    $2,666,667

  • 1f · All other contributions, gifts and grants

    $160,937

  • 2a · Program service revenue: Building Rental Income

    total $87,366 · related or exempt $87,366

  • 2b · Program service revenue: BCMSC Concessions

    total $63,988 · related or exempt $63,988

  • 2c · Program service revenue: BCMSC Gate Revenue

    total $5,436 · related or exempt $5,436

  • 3 · Investment income

    total $318,373 · excluded $318,373

  • 5 · Royalties

    total $689 · excluded $689

  • 7a · Gross sales of assets other than inventory

    securities $308,815

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

    securities $290,056

  • 7c · Gain or loss

    securities $18,759

  • 7d · Net gain or loss

    total $18,759 · excluded $18,759

  • 8a · Fundraising events: gross income

    $104,503

  • 8b · Fundraising events: direct expenses

    $12,752

  • 8c · Net income from fundraising events

    total $91,751 · excluded $91,751

  • 11d · All other revenue

    total $1,710 · excluded $1,710

  • 11e · Other revenue, total

    $1,710

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,379,850 · program services $1,379,850

  • 2 · Grants to domestic individuals

    total $44,655 · program services $44,655

  • 7 · Other salaries and wages

    total $80,733 · program services $80,733

  • 9 · Other employee benefits

    total $19,396 · program services $19,396

  • 10 · Payroll taxes

    total $20,213 · program services $20,213

  • 11a · Fees: management

    total $42,600 · program services $42,600

  • 11c · Fees: accounting

    total $31,396 · program services $5,550 · management and general $25,846

  • 11d · Fees: lobbying

    total $84,000 · management and general $84,000

  • 11f · Fees: investment management

    total $17,213 · management and general $17,213

  • 11g · Fees: other

    total $21,406 · program services $21,406

  • 13 · Office expenses

    total $8,325 · program services $2,432 · management and general $5,893

  • 14 · Information technology

    total $7,947 · program services $101 · management and general $7,846

  • 16 · Occupancy

    total $543,248 · program services $541,266 · management and general $1,982

  • 17 · Travel

    total $16,355 · program services $15,233 · management and general $1,122

  • 19 · Conferences, conventions and meetings

    total $7,218 · program services $6,089 · management and general $1,129

  • 20 · Interest

    total $6,481 · program services $1,483 · management and general $4,998

  • 22 · Depreciation, depletion and amortization

    total $122,803 · program services $117,941 · management and general $4,862

  • 23 · Insurance

    total $52,490 · program services $51,077 · management and general $1,413

  • 24a · Other expenses: Change-Split Interest

    total $85,009 · management and general $85,009

  • 24b · Other expenses: Concessions Expenses

    total $16,667 · program services $16,667

  • 24e · All other expenses

    total $36,349 · program services $25,462 · management and general $10,887

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $595,162 · end of year $1,443,768

  • 2 · Savings and temporary cash investments

    beginning of year $13,051 · end of year $303,486

  • 5 · Loans and receivables from officers and key people

    beginning of year $100,000 · end of year $100,000

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

    $5,180,860

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

    $429,391

  • 10c · Land, buildings and equipment, net

    beginning of year $10,886,840 · end of year $4,751,469

  • 11 · Investments: publicly traded securities

    beginning of year $2,025,264 · end of year $2,248,560

  • 15 · Other assets

    beginning of year $841,934 · end of year $6,581,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,181 · end of year $71,897

  • 19 · Deferred revenue

    beginning of year $2,207,894

  • 23 · Secured mortgages and notes payable

    beginning of year $7,206,793 · end of year $7,022,885

  • 25 · Other liabilities

    beginning of year $0 · end of year $240,000

  • 27 · Net assets without donor restrictions

    beginning of year $675,431 · end of year $2,224,008

  • 28 · Net assets with donor restrictions

    beginning of year $4,247,952 · end of year $5,869,667

Mission and programs · 2023

Mission

Seminole State College Educational foundation provides support to Seminole State College, scholarships for Seminole State College students, and economic development for surrounding areas.

Activities or mission (Part I)

Provide college support, student scholarships, and economic development in surrounding areas

  • Seminole State College Educational Foundation via the Rural Busness Resource Center uses contribution revenue from the Oklahoma Department of Commerce (ODOC) to foster economic development in the surrounding areas.

    Expenses $1,569,174 · Grants $1,355,122

  • Seminole State College Educational Foundation owns and operates the Brian Crawford Memorial Sports Complex (BCMSC), which provides fields and other facilities for some Seminole State College sports teams and fosters economic development in the surrounding areas by hosting sports tournaments and other events.

    Expenses $739,010 · Revenue $106,874

  • Seminole State College Educational Foundation provides scholarships to Seminole State College students.

    Expenses $44,655 · Grants $44,655

  • Seminole State College Educational Foundation provides support to Seminole Sate College

    Expenses $39,315 · Grants $24,728 · Revenue $49,916

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

Listed in Part VII

  • Lance Wortham

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Mark Schell

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Andy Tucker

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Steve Bagwell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rocky Barrett

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dan Boren

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Vickie Carter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brooke Case

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Haley Coates

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Degraffenreid

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darren Frederick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Gilbert

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jim Hardin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Hargrave

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Douglas Humphreys

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathy Laster

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tim Mathews

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ray McQuiston

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rhonda McKee

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gordon Melson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angi Mohr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris Moore

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brian Nave

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Billy Norton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeramy Rich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Lance Ruffel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Roy Sisco

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jason Smalley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sue Snodgrass

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bob Swearingen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Reggie Whitten

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • David Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Kim Pringle

    Director of Community Relations

    Total calculated
    $50,641
    From this org
    $0
    From related orgs
    $42,986
    Other
    $7,655
    Hours/week
    16 + 24 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

  • City of Wewoka

    $68,150

    Economic Development

  • Downtown Floral Company

    $40,000

    Economic Development

  • Bluff View Machine LLC

    $40,000

    Economic Development

  • Seminole State College

    $24,728

    College Support

  • Lumatech Corporation

    $20,000

    Economic Development

  • Wisdom Tree IT LLP

    $20,000

    Economic Development

  • J & M Copeland Enterprises LLC

    $20,000

    Economic Development

  • New Wewoka Industries

    $20,000

    Economic Development

  • G & H Decoys Inc

    $20,000

    Economic Development

  • The Truck Shop LLC

    $20,000

    Economic Development

The 10 largest by cash amount. The API serves every itemized grant.

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
7 August 2024
IRS schema version
2023v5.1
Source object
202432209349300323

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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