Civic Intelligence

Western Oklahoma State College Foundation a Corporation

990 • Fiscal year 2018 • EIN 23-7409802

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 29, 2018

2801 N MainAltus, OK 73521

(580) 477-7725

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.21x

Higher debt load relative to revenue than 56% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

60th percentile

$144,028

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 33.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

55th percentile

3.0%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

43%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,366,647

Up $183,468 (+3.0%) from 2017

Net Assets

Up

$6,275,349

Up $236,814 (+3.9%) from 2017

Liabilities

Down

$91,298

Down $53,346 (-37%) from 2017

Revenue

Up

$436,352

Up $130,406 (+43%) from 2017

Expenses

Down

$173,764

Down $27,772 (-14%) from 2017

Net Income

Up

$262,588

Up $158,178 (+151%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $6,596,079Liabilities 2012: $928,103Net Assets 2012: $5,667,9762012Assets 2014: $7,012,782Liabilities 2014: $747,299Net Assets 2014: $6,265,4832014Assets 2015: $7,135,380Liabilities 2015: $621,665Net Assets 2015: $6,513,7152015Assets 2016: $6,107,703Liabilities 2016: $69,509Net Assets 2016: $6,038,1942016Assets 2017: $6,183,179Liabilities 2017: $144,644Net Assets 2017: $6,038,5352017Assets 2018: $6,366,647Liabilities 2018: $91,298Net Assets 2018: $6,275,3492018Assets 2019: $6,616,884Liabilities 2019: $91,512Net Assets 2019: $6,525,3722019Assets 2020: $6,742,434Liabilities 2020: $103,363Net Assets 2020: $6,639,0712020Assets 2021: $7,187,415Liabilities 2021: $107,676Net Assets 2021: $7,079,7392021Assets 2022: $6,931,692Liabilities 2022: $123,298Net Assets 2022: $6,808,3942022Assets 2023: $7,225,188Liabilities 2023: $112,338Net Assets 2023: $7,112,8502023Assets 2024: $7,816,496Liabilities 2024: $114,973Net Assets 2024: $7,701,5232024Assets 2025: $8,281,079Liabilities 2025: $152,322Net Assets 2025: $8,128,7572025

Highlighted filing

2018

Assets$6,366,647
Liabilities$91,298
Net Assets$6,275,349

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $397,7292012Revenue 2014: $915,126Expenses 2014: $513,074Net Income 2014: $402,0522014Revenue 2015: $1,074,349Expenses 2015: $475,790Net Income 2015: $598,5592015Revenue 2016: $62,306Expenses 2016: $537,827Net Income 2016: -$475,5212016Revenue 2017: $305,946Expenses 2017: $201,536Net Income 2017: $104,4102017Revenue 2018: $436,352Expenses 2018: $173,764Net Income 2018: $262,5882018Revenue 2019: $537,595Expenses 2019: $307,336Net Income 2019: $230,2592019Revenue 2020: $349,449Expenses 2020: $219,747Net Income 2020: $129,7022020Revenue 2021: $470,182Expenses 2021: $251,752Net Income 2021: $218,4302021Revenue 2022: $469,698Expenses 2022: $222,809Net Income 2022: $246,8892022Revenue 2023: $445,203Expenses 2023: $268,452Net Income 2023: $176,7512023Revenue 2024: $731,135Expenses 2024: $345,691Net Income 2024: $385,4442024Revenue 2025: $606,150Expenses 2025: $383,647Net Income 2025: $222,5032025

Highlighted filing

2018

Revenue$436,352
Expenses$173,764
Net Income$262,588
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 29, 2018
Return Version
2017v2.2
Gross Receipts
$436,352
Mission and Program Overview

Mission

Provide scholarships to WOSC students and financial support to WOSC

To provide scholarships & academic program support for WOSC students

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,998,782$6,165,268▲ $166,486
Savings and Temporary Cash Investments$113,831$130,655▲ $16,824
Other Notes and Loans Receivable, Net$63,285$65,184▲ $1,899
Accounts Receivable$7,281$5,540▼ $1,741
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,183,179$6,366,647▲ $183,468
Other Assets Total-$0-
Liabilities
Other Liabilities$97,835$79,250▼ $18,585
Grants Payable$46,809$12,048▼ $34,761
Total Liabilities$144,644$91,298▼ $53,346
Net Assets / Fund Balance
Permanently Rstr Net Assets$5,239,869$5,426,299▲ $186,430
Unrestricted Net Assets$784,044$845,329▲ $61,285
Temporarily Rstr Net Assets$14,622$3,721▼ $10,901
Total Net Assets Fund Balance$6,038,535$6,275,349▲ $236,814
Total Liabilities and Net Assets / Fund Balance$6,183,179$6,366,647▲ $183,468

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,985,607$263,584▲ $100,292-$6,196,039
2016$5,900,370$154,145▲ $107,312-$5,985,607
2015$6,000,140$449,516▲ $127,125-$5,900,370
2014$5,874,383$251,479▲ $91,485-$6,000,140
2013$5,557,820$368,235▲ $165,208-$5,874,383
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phil BirdinePerm Trustee--$144,028$144,028
Larry DuffyExec SecretaryPT$5,776$31,110$36,886

Board Members and Trustees

NameTitle
Rebecca WarrenChair
Nancy DavidsonVice Chair
Dustin BalderasAppted Trustee
Gayle Ledbetter-DarbyTrustee
Jeff WilmesTrustee
Josh McClintockTrustee
Monte ClasonTrustee
Rick HolderTrustee
Ron LowellTrustee
Brent HowardEx-officio
Revenue and Support

Revenue Composition

Contributions and Grants
$307,784
Program Service Revenue
$0
Investment Income
$128,568
Other Revenue
$0
All Other Contributions
$307,784
Change in Net Assets
$262,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,352
Revenue Not Reported on Form 990
$-25,774
Total Revenue per Audited Statements
$410,578
Total Revenue per Form 990
$436,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$121,328
Other Expenses$46,660
Salaries, Compensation, and Employee Benefits$5,776
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$121,328--$121,328
Fees for Services Accounting-$27,551-$27,551
Advertising-$15,938-$15,938
Current Officers, Directors, Trustees, and Key Employees-$5,776-$5,776
Office Expenses-$2,324-$2,324
Other Expenses-$847-$847
Total Functional Expenses$121,328$52,436$0$173,764

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$173,764
Total Expenses per Audited Statements$173,764
Total Expenses per Form 990$173,764
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Western Oklahoma State CollegAltus, OK-Scholarship Support$109,717
Western Oklahoma State CollegAltus, OK-Program Support$11,611
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held by Others$79,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's executive secretary and finance committee of the board of directors reviews the form 990 and approves the form 990 for filling. The executive secretary reports the approval and filing during the regularly scheduled quarterly meeting

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A conflict of interest policy was adopted during fiscal year 2011, and remains in place

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any member of the public may request a copy of our governing documents by writing or visiting our office. The audit is a component of the college audit, and is posted on the college website. Our form 990 is available upon written request.

Filing and Contact Details

Filer

Filer Name
Western Oklahoma State College
EIN
23-7409802
Address
2801 N Main, Altus, OK 73521

Signing Officer

Name
Larry Duffy
Title
Exec Secretary
Signed
2018-11-29
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Ok
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Hinkle & Company Pc
Address
5028 East 101st St, Tulsa, OK 74137
Preparer
Kolton D Taylor CPA
Phone
9184923388
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