Civic Intelligence

Langston University Foundation

990 • Fiscal year 2014 • EIN 11-3815948

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

Organization ProfileN/A
311 Page HallSuiteLangston, OK 73050

(405) 466-2937

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

95th percentile

82%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

97th percentile

230%

Faster revenue growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$3,940,198

Up $1,776,725 (+82%) from 2013

Net Assets

Up

$3,940,198

Up $1,776,725 (+82%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin96th percentile

Revenue

Up

$2,327,375

Up $1,622,949 (+230%) from 2013

Expenses

Up

$550,785

Up $175,125 (+47%) from 2013

Net Income

Up

$1,776,590

Up $1,447,824 (+440%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,318,884Liabilities 2010: $0Net Assets 2010: $1,318,8842010Assets 2011: $1,871,463Liabilities 2011: $0Net Assets 2011: $1,871,4632011Assets 2012: $1,829,189Liabilities 2012: $0Net Assets 2012: $1,829,1892012Assets 2013: $2,163,473Liabilities 2013: $0Net Assets 2013: $2,163,4732013Assets 2014: $3,940,198Liabilities 2014: $0Net Assets 2014: $3,940,1982014Assets 2015: $4,237,669Liabilities 2015: $13,872Net Assets 2015: $4,223,7972015Assets 2016: $4,137,254Liabilities 2016: $2,784Net Assets 2016: $4,134,4702016Assets 2017: $4,361,865Liabilities 2017: $17,170Net Assets 2017: $4,344,6952017Assets 2018: $4,699,403Liabilities 2018: $15,105Net Assets 2018: $4,684,2982018Assets 2019: $4,955,019Liabilities 2019: $38,338Net Assets 2019: $4,916,6812019Assets 2020: $5,046,910Liabilities 2020: $17,121Net Assets 2020: $5,029,7892020Assets 2021: $6,111,523Liabilities 2021: $14,924Net Assets 2021: $6,096,5992021Assets 2022: $5,814,580Liabilities 2022: $18,198Net Assets 2022: $5,796,3822022Assets 2023: $6,829,628Liabilities 2023: $68,864Net Assets 2023: $6,760,7642023Assets 2024: $7,822,265Liabilities 2024: $18,018Net Assets 2024: $7,804,2472024

Highlighted filing

2014

Assets$3,940,198
Liabilities$0
Net Assets$3,940,198
Open 2014 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $163,2562010Revenue 2011: $542,618Expenses 2011: $141,393Net Income 2011: $401,2252011Revenue 2012: $474,635Expenses 2012: $444,209Net Income 2012: $30,4262012Revenue 2013: $704,426Expenses 2013: $375,660Net Income 2013: $328,7662013Revenue 2014: $2,327,375Expenses 2014: $550,785Net Income 2014: $1,776,5902014Revenue 2015: $912,815Expenses 2015: $390,881Net Income 2015: $521,9342015Revenue 2016: $624,540Expenses 2016: $678,497Net Income 2016: -$53,9572016Revenue 2017: $699,201Expenses 2017: $623,417Net Income 2017: $75,7842017Revenue 2018: $828,387Expenses 2018: $553,869Net Income 2018: $274,5182018Revenue 2019: $1,373,400Expenses 2019: $1,018,137Net Income 2019: $355,2632019Revenue 2020: $1,074,904Expenses 2020: $966,234Net Income 2020: $108,6702020Revenue 2021: $1,380,261Expenses 2021: $888,783Net Income 2021: $491,4782021Revenue 2022: $958,502Expenses 2022: $685,744Net Income 2022: $272,7582022Revenue 2023: $1,448,784Expenses 2023: $667,668Net Income 2023: $781,1162023Revenue 2024: $1,614,634Expenses 2024: $933,448Net Income 2024: $681,1862024

Highlighted filing

2014

Revenue$2,327,375
Expenses$550,785
Net Income$1,776,590
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$2,764,355
Mission and Program Overview

Mission

Langston university foundation, inc. Is a volunteer group entrusted with the oversight of fundraising to benefit langston university. The foundation provides volunteer support to the university's development and fundraising programs. In addition, the board monitors the administration of the assets of the foundation, resulting in a broadening of opportunities for learning by students and a continued investing in faculty and staff.

Support to benefit langston university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,358,046$1,573,190▲ $215,144
Pledges and Grants Receivable$99,213$1,347,261▲ $1,248,048
Cash and Non-Interest-Bearing Accounts$686,974$993,043▲ $306,069
Accounts Receivable$3,660$9,710▲ $6,050
Other Notes and Loans Receivable, Net$4,967$4,967→ $0
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$18$-7▼ $25
Total Assets$2,163,473$3,940,198▲ $1,776,725
Other Assets Total$10,595$12,034▲ $1,439
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$894,267$2,050,019▲ $1,155,752
Permanently Rstr Net Assets$1,000,000$1,454,595▲ $454,595
Unrestricted Net Assets$269,206$435,584▲ $166,378
Total Net Assets Fund Balance$2,163,473$3,940,198▲ $1,776,725
Total Liabilities and Net Assets / Fund Balance$2,163,473$3,940,198▲ $1,776,725

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,573,190--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,148,368$454,595▲ $162,521-$1,765,484
2012$1,041,132-▲ $107,236-$1,148,368
2011$1,156,701$39,328▲ $1,796$156,693$1,041,132
2010$939,096$34,924▲ $182,681-$1,156,701
2009$814,832$25,250▲ $99,014-$939,096
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Mr Darrell JeffloChairman
Dr Wayne JonesDirector
Mr Anthony HillDirector
Mr Excell LafayetteDirector
Mr Vernell RedoDirector
Mrs Joel-lyn A McCormickDirector
Mrs Judy-reyes HendersonDirector
Mrs Sandra FergusonDirector
Dr Sharron BurnettExecutive Director
Mr James DunavantAsst. V.p. Instiutional Advanc
Revenue and Support

Revenue Composition

Contributions and Grants
$2,059,301
Program Service Revenue
$0
Investment Income
$237,423
Other Revenue
$30,651
All Other Contributions
$2,039,902
Change in Net Assets
$1,776,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,327,375
Revenue Not Reported on Form 990
$106,799
Total Revenue per Audited Statements
$2,434,174
Total Revenue per Form 990
$2,327,375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,839
Other Expenses$257,946
Total Fundraising Expense$724
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$292,839--$292,839
Depreciation Depletion$122,739--$122,739
Fees for Services Accounting-$33,462-$33,462
Fees for Service Investment Mgmnt Fees-$10,695-$10,695
Fees for Services Management-$4,185-$4,185
Other Expenses$3,825$3,546$724$3,546
All Other Expenses-$2,139-$2,139
Insurance-$135-$135
Conferences and Meetings-$103-$103
Office Expenses-$80-$80
Total Functional Expenses$419,403$130,658$724$550,785

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$657,449
Expenses per Audited Statements$550,785
Total Expenses per Form 990$550,785
Expenses Not Reported on Form 990$106,664
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
73-6017987-Gov't UnitScholarships and various other university activities$292,839
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$123,477
Fundraising Direct Expenses$106,664
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$142,876$123,477$19,543$103,934
Total Events$142,876$123,477$106,664$16,813
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of form 990 will be reviewed by the executive director before filing. It will be presented at the next board of director's meeting.”

Form 990, Part VI, Section C, Line 19

“Members of the public who are interested in reviewing our policies can contact our office and schedule a time to review our documents.”

Filing and Contact Details

Filer

EIN
11-3815948
In Care Of
% THE ORGANIZATION
Phone
4054662937

Signing Officer

Name
Dr Sharon Burnett
Title
Officer
Phone
4054662937
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sharon Burnett
Formed
2007
Legal Domicile
Ok
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Preparer
Anne M Adams
Phone
4054662937
Supplemental Narrative

Financial Statement Notes

Form 990, Schedule D, Part V, Line 4

“The Foundation's endowment consists of a donor's gift to Langston University that was subsequently transferred to the Foundation and established as an endowment fund to participate in the Oklahoma State Regents for Higher Education's endowment matching program. As required for the program, the Universities are required to maintain a specified minimum amount of funds in perpetuity for a specific endowed professorship chair.”

Form 990, Schedule D, Part XII, Line 2D

“Special event expenses are $106,664.”

Form 990, Schedule D, Part XIII, Line 2D

“Special event expenses are $106,664.”

Form 990, Schedule D, Part X

“The Foundation is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Foundation is subject to federal income tax on any unrelated business taxable income. The Foundation files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Foundation is no longer subject to U.S. federal examinations by tax authorities for years before 2011.”

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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01347261
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0-7
IRS990/PrincipalOfficerNm0Dr Sharon Burnett
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0LU SCHOOL AND DEPARTMENT SUPPORT: THE LANGSTON UNIVERSITY FOUNDATION SOLICTIS DONATIONS TO SUPPORT THE VARIOUS SCHOOLS, PROGRAMS OF STUDY, AND DEPARTMENTS AT LANGSTON UNIVERSITY TO ASSIST THE FACULTY IN PROVIDING THE HIGHEST QUALITY OF EDUCATION TO THEIR STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0365065
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0365065
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IRS990/PYRevenuesLessExpensesAmt0328766
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0375660
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0704426
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01776590
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt03863
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt03863
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0575833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0423968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0471009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0182626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02262737
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0238447
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0152950
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0500
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02262737
IRS990ScheduleA/TotalSupportAmt04359490
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01156701
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IRS990ScheduleD/OtherRevenueAmt0106664
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01573190
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,940,198
Liabilities
$0
Net assets
$3,940,198
Revenue
$2,327,375
Expenses
$550,785
Net income
$1,776,590
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.82$0.02$7.80$1.61$0.93$0.68
2023Detailed filing. Detailed filing data is available for this year.$6.83$0.07$6.76$1.45$0.67$0.78
2022Detailed filing. Detailed filing data is available for this year.$5.81$0.02$5.80$0.96$0.69$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.11$0.01$6.10$1.38$0.89$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.02$5.03$1.07$0.97$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.96$0.04$4.92$1.37$1.02$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.70$0.02$4.68$0.83$0.55$0.27
2017Detailed filing. Detailed filing data is available for this year.$4.36$0.02$4.34$0.70$0.62$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.13$0.62$0.68$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.01$4.22$0.91$0.39$0.52
2014Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$2.33$0.55$1.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.16$0.00$2.16$0.70$0.38$0.33
2012Summary only. Only limited summary data is available for this year.$1.83$0.00$1.83$0.47$0.44$0.03
2011Summary only. Only limited summary data is available for this year.$1.87$0.00$1.87$0.54$0.14$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.16