Civic Intelligence

Langston University Foundation

990 • Fiscal year 2017 • EIN 11-3815948

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization ProfileN/A
PO Box 725Langston, OK 73050

(405) 466-3232

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$4,361,865

Up $224,611 (+5.4%) from 2016

Net Assets

Up

$4,344,695

Up $210,225 (+5.1%) from 2016

Liabilities

Up

$17,170

Up $14,386 (+517%) from 2016

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin67th percentile

Revenue

Up

$699,201

Up $74,661 (+12%) from 2016

Expenses

Down

$623,417

Down $55,080 (-8.1%) from 2016

Net Income

Up

$75,784

Up $129,741 (+240%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2017

Assets$4,361,865
Liabilities$17,170
Net Assets$4,344,695
Open 2017 Filing

Operations Trend

Revenue Growth64th 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

2017

Revenue$699,201
Expenses$623,417
Net Income$75,784
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$1,730,559
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.

The Foundation's mission is to raise money to support Langston University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,800,254$1,928,414▲ $128,160
Cash and Non-Interest-Bearing Accounts$1,323,429$1,548,795▲ $225,366
Pledges and Grants Receivable$1,010,615$882,028▼ $128,587
Prepaid Expenses and Deferred Charges$1,558$1,558→ $0
Accounts Receivable$1,398$0▼ $1,398
Total Assets$4,137,254$4,361,865▲ $224,611
Other Assets Total$0$1,070▲ $1,070
Liabilities
Accounts Payable and Accrued Expenses$2,784$17,170▲ $14,386
Total Liabilities$2,784$17,170▲ $14,386
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,079,023$2,187,796▲ $108,773
Permanently Rstr Net Assets$1,489,595$1,980,234▲ $490,639
Unrestricted Net Assets$565,852$176,665▼ $389,187
Total Net Assets Fund Balance$4,134,470$4,344,695▲ $210,225
Total Liabilities and Net Assets / Fund Balance$4,137,254$4,361,865▲ $224,611

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,928,414--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,806,104$556,730▲ $175,910-$2,538,744
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
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
$703,710
Program Service Revenue
$0
Investment Income
$54,396
Other Revenue
$-58,905
All Other Contributions
$592,875
Change in Net Assets
$75,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$699,201
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$406,579
Total Revenue per Audited Statements
$1,105,780
Total Revenue per Form 990
$699,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$452,755
Other Expenses$170,662
Total Fundraising Expense$7,485
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$452,755--$452,755
Fees for Services Accounting-$60,830-$60,830
Information Technology-$28,791-$28,791
Fees for Service Investment Mgmnt Fees-$17,059-$17,059
Travel-$8,552$4,485$13,037
Fees for Services Other-$11,246-$11,246
Fees for Services Management-$3,842-$3,842
Office Expenses-$3,481-$3,481
Advertising--$3,000$3,000
Conferences and Meetings-$1,086-$1,086
Other Expenses-$1,064-$1,064
All Other Expenses-$1,011-$1,011
Insurance-$135-$135
Total Functional Expenses$452,755$163,177$7,485$623,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$895,555
Expenses per Audited Statements$623,417
Total Expenses per Form 990$623,417
Expenses Not Reported on Form 990$272,138
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$141,138
Fundraising Gross Income$74,920
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$185,755$74,920$30,806$44,114
Total Events$185,755$74,920$141,138$-66,218
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“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 the Foundation's documents can contact the Foundation's office and schedule a time to review the documents.”

Filing and Contact Details

Filer

Filer Name
Langston University Foundation
EIN
11-3815948
Phone
4054663232
Address
PO Box 725, Langston, OK 73050

Signing Officer

Name
Mautra Jones
Title
Executive Director
Phone
4054663394
Signed
2018-05-11
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
8

Preparer

Firm
Arledge & Associates Pc
Address
309 N Bryant Avenue, Edmond, OK 73034
Preparer
James S Denton
Phone
4053480615
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 - Organization'S 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 student learning opportunities and a continued investment in faculty and staff.”

Financial Statement Notes

Part X, Line 2:

“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 2014.”

Part XI, Line 2D - Other Adjustments:

“Special Event Expenses 141,138.”

Part XII, Line 2D - Other Adjustments:

“Special Event Expenses 141,138.”

Form 990, Schedule D, Part V, Line 4

“The Foundaton'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.”

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IRS990/PrincipalOfficerNm0Mautra Jones
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Langston University School and Department Support: The Langston University Foundation solicits 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/ExpenseAmt0228119
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0228119
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0649022
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0557938
IRS990/PYInvestmentIncomeAmt023744
IRS990/PYOtherExpensesAmt0120599
IRS990/PYOtherRevenueAmt0-48226
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-53997
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0678537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0624540
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt075784
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Special Events Revenue - 2012 Amount: $ 140,729. 2013 Amount: $ 123,477. 2014 Amount: $ 138,915. 2015 Amount: $ 80,990. 2016 Amount: $ 45,160. Other Income - 2012 Amount: $ 12,221. 2013 Amount: $ 9,975. 2014 Amount: $ 867. 2015 Amount: $ 45,275. 2016 Amount: $ 7,313.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0703710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0649022
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0591001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02059301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0575833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04578867
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035081
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033383
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0668003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0238447
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01006585
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt052473
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0126265
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0139782
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0133452
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0152950
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0604922
IRS990ScheduleA/PublicSupportCY170Pct00.63710
IRS990ScheduleA/PublicSupportPY170Pct00.42120
IRS990ScheduleA/PublicSupportTotal170Amt03943881
IRS990ScheduleA/SubstantialContributorsTotAmt0634986
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0703710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0649022
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0591001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02059301
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0575833
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04578867
IRS990ScheduleA/TotalSupportAmt06190374
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.22000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01806104
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0556730
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02538744
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0175910
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01781132
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt035000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01806104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-10028
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01765484
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01781132
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt015648
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01148368
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0454595
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01765484
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162521
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01041132
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01148368
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0107236
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0131000
IRS990ScheduleD/DonatedServicesUseFcltsAmt0131000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0272138
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0623417
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0134441
IRS990ScheduleD/OtherExpensesIncludedAmt0141138
IRS990ScheduleD/OtherRevenueAmt0141138
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01928414
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Securities
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.78000
IRS990ScheduleD/RevenueNotReportedAmt0406579
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0699201
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Special Event Expenses 141,138.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Special Event Expenses 141,138.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3The Foundaton'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/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Schedule D, Part V, Line 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01928414
IRS990ScheduleD/TotalExpensesPerForm990Amt0623417
IRS990ScheduleD/TotalRevenuePerForm990Amt0699201
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01105780
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0895555
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0110835
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0110835
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0141138
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt030350
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt030350
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt058973
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt058973
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0185755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0185755
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt074920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt074920
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-66218
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030806
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030806
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt021009
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt021009
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0452755
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships to students
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0172
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The office of development scholarship committee awards scholarships to students based on the availability of scholarship funds, the number of qualified applicants and the requirement of each scholarship.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Langston 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 student learning opportunities and a continued investment in faculty and staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the public who are interested in reviewing the Foundation's documents can contact the Foundation's office and schedule a time to review the documents.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1 - Organization's Mission
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Langston Development Fund
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0731476426
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support the University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 719
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0langston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073050
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,361,865
Liabilities
$17,170
Net assets
$4,344,695
Revenue
$699,201
Expenses
$623,417
Net income
$75,784
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