Civic Intelligence

Langston University Foundation

990 • Fiscal year 2016 • EIN 11-3815948

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 01, 2017

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

24th percentile

-8.6%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

33rd percentile

-2.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$4,137,254

Down $100,415 (-2.4%) from 2015

Net Assets

Down

$4,134,470

Down $89,327 (-2.1%) from 2015

Liabilities

Down

$2,784

Down $11,088 (-80%) from 2015

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin24th percentile

Revenue

Down

$624,540

Down $288,275 (-32%) from 2015

Expenses

Up

$678,497

Up $287,616 (+74%) from 2015

Net Income

Down

-$53,957

Down $575,891 (-110%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2016

Assets$4,137,254
Liabilities$2,784
Net Assets$4,134,470
Open 2016 Filing

Operations Trend

Revenue Growth10th 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

2016

Revenue$624,540
Expenses$678,497
Net Income-$53,957
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 1, 2017
Return Version
2015v3.0
Gross Receipts
$1,473,571
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$1,811,913$1,800,254▼ $11,659
Cash and Non-Interest-Bearing Accounts$1,428,369$1,323,429▼ $104,940
Pledges and Grants Receivable$970,726$1,010,615▲ $39,889
Other Notes and Loans Receivable, Net$4,967$0▼ $4,967
Prepaid Expenses and Deferred Charges$0$1,558▲ $1,558
Accounts Receivable$9,660$1,398▼ $8,262
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
Total Assets$4,237,669$4,137,254▼ $100,415
Other Assets Total$12,034$0▼ $12,034
Liabilities
Deferred Revenue$13,872$0▼ $13,872
Accounts Payable and Accrued Expenses$0$2,784▲ $2,784
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$13,872$2,784▼ $11,088
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,240,662$2,079,023▼ $161,639
Permanently Rstr Net Assets$1,454,595$1,489,595▲ $35,000
Unrestricted Net Assets$528,540$565,852▲ $37,312
Total Net Assets Fund Balance$4,223,797$4,134,470▼ $89,327
Total Liabilities and Net Assets / Fund Balance$4,237,669$4,137,254▼ $100,415

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,800,254--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,781,132$35,000▼ $10,028-$1,806,104
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Mr Darrell JeffloChairman
Dr Wayne JonesDirector
Honorable Kenneth C WatsonDirector
Mr Anthony HillDirector
Mr Excell Lafayette JrDirector
Mr Vernell RedoDirector
Mrs Joel-lyn A McCormickDirector
Mrs Mautra JonesExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$649,022
Program Service Revenue
$0
Investment Income
$23,744
Other Revenue
$-48,226
All Other Contributions
$543,794
Change in Net Assets
$-53,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$624,540
Revenue Not Reported on Form 990
$250,121
Total Revenue per Audited Statements
$874,661
Total Revenue per Form 990
$624,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$557,938
Other Expenses$120,559
Total Fundraising Expense$16,617
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$557,938--$557,938
Fees for Services Accounting-$37,514-$37,514
All Other Expenses-$11,430-$11,430
Office Expenses-$10,621-$10,621
Advertising--$5,426$5,426
Fees for Services Management-$3,844-$3,844
Other Expenses-$2,300$11,191$2,300
Insurance-$1,630-$1,630
Conferences and Meetings-$565-$565
Total Functional Expenses$557,938$103,942$16,617$678,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$963,988
Expenses per Audited Statements$678,497
Total Expenses per Form 990$678,497
Expenses Not Reported on Form 990$285,491
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Langston UniversityLangston, OKGov't UnitScholarships and various other university activities$557,938
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$174,491
Fundraising Gross Income$80,990
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$186,218$80,990$37,505$43,485
Total Events$186,218$80,990$174,491$-93,501
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
Mautra Jones
Title
Executive Director
Signed
2017-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mrs Mautra Jones
Formed
2007
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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, 2D

“Special event expenses: $174,491”

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

“Special event expenses: $174,491”

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 2013.”

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IRS990/MissionDesc0LANGSTON 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.
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01489595
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01558
IRS990/PrincipalOfficerNm0Mrs Mautra 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/ExpenseAmt0380251
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0380251
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYOtherRevenueAmt045196
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-53957
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/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0575833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0423968
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04299125
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031671
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0126265
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0139782
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0133452
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0152950
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0113302
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0665751
IRS990ScheduleA/PublicSupportCY170Pct00.42118
IRS990ScheduleA/PublicSupportPY170Pct00.43330
IRS990ScheduleA/PublicSupportTotal170Amt02796733
IRS990ScheduleA/SubstantialContributorsTotAmt01502392
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04299125
IRS990ScheduleA/TotalSupportAmt06640176
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0116585
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IRS990ScheduleD/ExpensesSubtotalAmt0678497
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES
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IRS990ScheduleD/RevenueSubtotalAmt0624540
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.

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,137,254
Liabilities
$2,784
Net assets
$4,134,470
Revenue
$624,540
Expenses
$678,497
Net income
-$53,957
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