Civic Intelligence

Langston University Foundation

990 • Fiscal year 2015 • EIN 11-3815948

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2015

Organization ProfileN/A
311 Page HallLangston, OK 73050

(405) 466-2937

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.02x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

93rd percentile

57%

Higher net margin than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

69th percentile

7.5%

Faster asset growth than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$4,237,669

Up $297,471 (+7.5%) from 2014

Net Assets

Up

$4,223,797

Up $283,599 (+7.2%) from 2014

Liabilities

Up

$13,872

Up $13,872 from 2014

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin93rd percentile

Revenue

Down

$912,815

Down $1,414,560 (-61%) from 2014

Expenses

Down

$390,881

Down $159,904 (-29%) from 2014

Net Income

Down

$521,934

Down $1,254,656 (-71%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2015

Assets$4,237,669
Liabilities$13,872
Net Assets$4,223,797
Open 2015 Filing

Operations Trend

Revenue Growth4th 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

2015

Revenue$912,815
Expenses$390,881
Net Income$521,934
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2015
Return Version
2014v6.0
Gross Receipts
$2,844,117
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$1,573,190$1,811,913▲ $238,723
Cash and Non-Interest-Bearing Accounts$993,043$1,428,369▲ $435,326
Pledges and Grants Receivable$1,347,261$970,726▼ $376,535
Accounts Receivable$9,710$9,660▼ $50
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→ $0
Prepaid Expenses and Deferred Charges$-7$0▲ $7
Total Assets$3,940,198$4,237,669▲ $297,471
Other Assets Total$12,034$12,034→ $0
Liabilities
Deferred Revenue$0$13,872▲ $13,872
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
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$13,872▲ $13,872
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,050,019$2,240,662▲ $190,643
Permanently Rstr Net Assets$1,454,595$1,454,595→ $0
Unrestricted Net Assets$435,584$528,540▲ $92,956
Total Net Assets Fund Balance$3,940,198$4,223,797▲ $283,599
Total Liabilities and Net Assets / Fund Balance$3,940,198$4,237,669▲ $297,471

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,811,913--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,765,484-▲ $15,648-$1,781,132
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mr Darrell JeffloChairman
Dr Wayne JonesVice Chairman
Mr Anthony HillDirector
Mr Excell LafayetteDirector
Mr Vernell RedoDirector
Mrs Joel-lyn A McCormickDirector
Mrs Mautra JonesExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$591,001
Program Service Revenue
$0
Investment Income
$276,618
Other Revenue
$45,196
All Other Contributions
$539,112
Change in Net Assets
$521,934

Audited Revenue Reconciliation

Revenue per Audited Statements
$912,815
Revenue Not Reported on Form 990
$-157,188
Total Revenue per Audited Statements
$755,627
Total Revenue per Form 990
$912,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$344,283
Other Expenses$46,598
Total Fundraising Expense$1,878
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$344,283--$344,283
Fees for Services Accounting-$26,306-$26,306
Fees for Service Investment Mgmnt Fees-$11,308-$11,308
Other Expenses-$3,978$878$3,978
All Other Expenses-$2,241-$2,241
Advertising--$1,000$1,000
Insurance-$180-$180
Conferences and Meetings-$91-$91
Office Expenses-$86-$86
Total Functional Expenses$344,283$44,720$1,878$390,881

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$472,028
Expenses per Audited Statements$390,881
Total Expenses per Form 990$390,881
Expenses Not Reported on Form 990$81,147
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Langston UniversityLangston, OKGov't UnitScholarships and various other university activities$344,283
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$138,915
Fundraising Direct Expenses$94,612
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$190,804$138,915$20,843$118,072
Total Events$190,804$138,915$94,612$44,303
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

Filer Name
Langston University Foundation
EIN
11-3815948
In Care Of
% THE ORGANIZATION
Phone
4054662937
Address
311 Page Hall, Langston, OK 73050

Signing Officer

Name
Mrs Mautra Jones
Title
Officer
Phone
4054663234
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mautra Jones
Formed
2007
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bkd Llp
Address
6120 S Yale 1400, Tulsa, OK 74136-4223
Preparer
Amy M Catcher
Phone
9185842900
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 $94,612. Amortization of Discount on Pledges is -$13,465.”

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

“Special event expenses are $94,612. Amortization of Discount on Pledges is -$13,465.”

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 2012.”

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt086
IRS990/OfficeExpensesGrp/TotalAmt086
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012034
IRS990/OtherAssetsTotalGrp/EOYAmt012034
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Community Involvement
IRS990/OtherExpensesGrp/Desc1Fundraising Expenses
IRS990/OtherExpensesGrp/Desc2Credit Card Processing Fees
IRS990/OtherExpensesGrp/Desc3_
IRS990/OtherExpensesGrp/FundraisingAmt0878
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0530
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13978
IRS990/OtherExpensesGrp/TotalAmt0530
IRS990/OtherExpensesGrp/TotalAmt1878
IRS990/OtherExpensesGrp/TotalAmt23978
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IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0867
IRS990/OtherRevenueTotalAmt0867
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04967
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04967
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01454595
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01454595
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01347261
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0970726
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0-7
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MAUTRA JONES
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/ExpenseAmt0177610
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0177610
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02059301
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0292839
IRS990/PYInvestmentIncomeAmt0237423
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0257946
IRS990/PYOtherRevenueAmt030651
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01776590
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0550785
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02327375
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0521934
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt026
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt026
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0591001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02059301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0575833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0423968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0471009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04121112
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0668003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0238447
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0703796
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt040574
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01682491
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0139782
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0133452
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0152950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0113302
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt021724
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0561210
IRS990ScheduleA/PublicSupportCY170Pct00.43327
IRS990ScheduleA/PublicSupportPY170Pct00.40295
IRS990ScheduleA/PublicSupportTotal170Amt02757704
IRS990ScheduleA/SubstantialContributorsTotAmt01363408
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0591001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02059301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0575833
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0423968
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0471009
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04121112
IRS990ScheduleA/TotalSupportAmt06364813
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.18330
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01765484
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01781132
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt015648
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01148368
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0454595
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01765484
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162521
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01041132
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01148368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0107236
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01156701
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt039328
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01041132
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01796
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0156693
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0939096
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt034924
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01156701
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0182681
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt081147
IRS990ScheduleD/ExpensesSubtotalAmt0390881
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-238335
IRS990ScheduleD/OtherExpensesIncludedAmt081147
IRS990ScheduleD/OtherRevenueAmt081147
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01811913
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.81670
IRS990ScheduleD/RevenueNotReportedAmt0-157188
IRS990ScheduleD/RevenueSubtotalAmt0912815
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Special event expenses are $94,612. Amortization of Discount on Pledges is -$13,465.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Special event expenses are $94,612. Amortization of Discount on Pledges is -$13,465.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3The 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 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE D, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE D, PART XIII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, SCHEDULE D, PART X
IRS990ScheduleD/TotalBookValueSecuritiesAmt01811913
IRS990ScheduleD/TotalExpensesPerForm990Amt0390881
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0912815
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0755627
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0472028
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt051889
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt051889
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt094612
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt012125
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt012125
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt032739
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt032739
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0190804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0190804
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0138915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0138915
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt044303
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020843
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020843
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt028905
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt028905
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0344283

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,237,669
Liabilities
$13,872
Net assets
$4,223,797
Revenue
$912,815
Expenses
$390,881
Net income
$521,934
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
2015Detailed filing. Detailed filing data is available for this year.$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