Civic Intelligence

Foundation for Engineering at Oklahoma State University Inc.

990 • Fiscal year 2014 • EIN 26-1124834

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 05, 2015

PO Box 174974076-1749

(405) 385-5100

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

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

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

2nd percentile

0.00x

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

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

1st percentile

-1188%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

67th percentile

$442,781

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 760.5% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

35th percentile

2.1%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$70,852,130

Up $1,440,956 (+2.1%) from 2013

Net Assets

Up

$70,852,130

Up $1,440,956 (+2.1%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$58,224

No earlier filing loaded for comparison.

Expenses

Up

$750,138

Up $250,030 (+50%) from 2013

Net Income

-$691,914

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2012: $28,509,646Liabilities 2012: $0Net Assets 2012: $28,509,6462012Assets 2013: $69,411,174Liabilities 2013: $0Net Assets 2013: $69,411,1742013Assets 2014: $70,852,130Liabilities 2014: $0Net Assets 2014: $70,852,1302014Assets 2015: $79,124,480Liabilities 2015: $0Net Assets 2015: $79,124,4802015Assets 2016: $109,439,640Liabilities 2016: $0Net Assets 2016: $109,439,6402016Assets 2017: $112,645,125Liabilities 2017: $0Net Assets 2017: $112,645,1252017Assets 2018: $97,983,600Liabilities 2018: $0Net Assets 2018: $97,983,6002018Assets 2019: $102,649,050Liabilities 2019: $0Net Assets 2019: $102,649,0502019Assets 2020: $121,371,180Liabilities 2020: $0Net Assets 2020: $121,371,1802020Assets 2021: $122,357,496Liabilities 2021: $0Net Assets 2021: $122,357,4962021Assets 2022: $134,129,075Liabilities 2022: $0Net Assets 2022: $134,129,0752022Assets 2023: $121,922,604Liabilities 2023: $0Net Assets 2023: $121,922,6042023Assets 2024: $133,955,545Liabilities 2024: $0Net Assets 2024: $133,955,5452024

Highlighted filing

2014

Assets$70,852,130
Liabilities$0
Net Assets$70,852,130

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $500,0382012Expenses 2013: $500,1082013Revenue 2014: $58,224Expenses 2014: $750,138Net Income 2014: -$691,9142014Revenue 2015: $110,274Expenses 2015: $1,000,050Net Income 2015: -$889,7762015Revenue 2016: $279,052Expenses 2016: $1,300,736Net Income 2016: -$1,021,6842016Revenue 2017: $573,985Expenses 2017: $1,300,284Net Income 2017: -$726,2992017Revenue 2018: $602,983Expenses 2018: $1,300,125Net Income 2018: -$697,1422018Revenue 2019: $468,885Expenses 2019: $1,200,210Net Income 2019: -$731,3252019Revenue 2020: $634,875Expenses 2020: $1,500,320Net Income 2020: -$865,4452020Revenue 2021: $677,997Expenses 2021: $1,300,740Net Income 2021: -$622,7432021Revenue 2022: $795,357Expenses 2022: $1,500,140Net Income 2022: -$704,7832022Revenue 2023: $750,212Expenses 2023: $1,300,550Net Income 2023: -$550,3382023Revenue 2024: $808,870Expenses 2024: $1,500,712Net Income 2024: -$691,8422024

Highlighted filing

2014

Revenue$58,224
Expenses$750,138
Net Income-$691,914
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 5, 2015
Return Version
2013v4.0
Gross Receipts
$750,138
Mission and Program Overview

Mission

The organization's mission is to provide financial support which will ultimately lead to an increase in the quality and number of engineering graduates at oklahoma state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$69,411,174$70,852,130▲ $1,440,956
Total Assets$69,411,174$70,852,130▲ $1,440,956
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$69,411,174$70,852,130▲ $1,440,956
Total Net Assets Fund Balance$69,411,174$70,852,130▲ $1,440,956
Total Liabilities and Net Assets / Fund Balance$69,411,174$70,852,130▲ $1,440,956

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$70,852,130--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kirk JewellPresident-os$442,781$442,781
Brandon MeyerCounsel-osu$279,949$279,949
Donna KoeppeSecretary-tr$225,915$225,915

Board Members and Trustees

NameTitle
Kirk JewellPresident-osu Found.
Bill SchlittlerDirector
Gary ClarkDirector
Mark HelmDirector
Brandon MeyerCounsel-osu Found.
Donna KoeppeSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$58,224
Other Revenue
$0
Change in Net Assets
$-691,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$750,138
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$750,138--$750,138
Total Functional Expenses$750,138$0$0$750,138
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
73-6017987--Program Support$750,138
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Section a, line 2 - two of the osuf directors are officers of oklahoma state university foundation, which is the supported organization. Two directors of the organization, who are not osuf directors, both serve as directors of a closely held corporation.

Form 990, Page 6, Part VI, Line 7A

There are two classes of directors: osuf directors, appointed by oklahoma state university foundation and other directors. The bylaws of the organization provide that the osuf directors shall always comprise a majority of the directors of this organization. Therefore, the oklahoma state university foundation controls the affairs and finances of this organization.

Form 990, Page 6, Part VI, Line 9

Bill schlittler 20 nw 13th street oklahoma city, ok 73101 mark helm 20 nw 13th street oklahoma city, ok 73101

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the form 990 is provided to each member of the governing body via e-mail before the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Annually, each director, principal officer, and member of a committee with board delegated powers is required to sign a statement which affirms such person has (i) received a copy of the copy of the conflict of interest policy (ii) has read and understands the policy (iii) has agreed to comply with the policy and (iv) understands the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Page 6, Part VI, Line 19

No documents are made available to the public other than as required by law.

Filing and Contact Details

Filer

EIN
26-1124834
Phone
4053855100

Signing Officer

Name
Kirk Jewell
Title
President and CEO
Phone
4053855100
Signed
2015-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Foundation for Engineering at Osu
Formed
2008
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Preparer
Ellan Wright
Phone
4052397961
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in fmv of closely held stock 2,132,870

Financial Statement Notes

Schedule D, Page 3, Part X

The asc provides guidance on the accounting for uncertainty in income taxes. This guidance requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Management evaluates the foundation's tax positions and has concluded that the foundation has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the foundation is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years ending on or before june 30, 2010.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SECTION A, LINE 2 - TWO OF THE OSUF DIRECTORS ARE OFFICERS OF OKLAHOMA STATE UNIVERSITY FOUNDATION, WHICH IS THE SUPPORTED ORGANIZATION. TWO DIRECTORS OF THE ORGANIZATION, WHO ARE NOT OSUF DIRECTORS, BOTH SERVE AS DIRECTORS OF A CLOSELY HELD CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE TWO CLASSES OF DIRECTORS: OSUF DIRECTORS, APPOINTED BY OKLAHOMA STATE UNIVERSITY FOUNDATION AND OTHER DIRECTORS. THE BYLAWS OF THE ORGANIZATION PROVIDE THAT THE OSUF DIRECTORS SHALL ALWAYS COMPRISE A MAJORITY OF THE DIRECTORS OF THIS ORGANIZATION. THEREFORE, THE OKLAHOMA STATE UNIVERSITY FOUNDATION CONTROLS THE AFFAIRS AND FINANCES OF THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BILL SCHLITTLER 20 NW 13TH STREET OKLAHOMA CITY, OK 73101 MARK HELM 20 NW 13TH STREET OKLAHOMA CITY, OK 73101
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE GOVERNING BODY VIA E-MAIL BEFORE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS IS REQUIRED TO SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS (I) RECEIVED A COPY OF THE COPY OF THE CONFLICT OF INTEREST POLICY (II) HAS READ AND UNDERSTANDS THE POLICY (III) HAS AGREED TO COMPLY WITH THE POLICY AND (IV) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC OTHER THAN AS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN FMV OF CLOSELY HELD STOCK 2,132,870
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10OSU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0736097060
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FUNDRAISE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10PO BOX 1749
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0STILLWATER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode074076
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0750138
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10OKLAHOMA STATE UNIV FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt069411174
IRS990/TotalAssetsEOYAmt070852130
IRS990/TotalAssetsGrp/BOYAmt069411174
IRS990/TotalAssetsGrp/EOYAmt070852130
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0750138
IRS990/TotalFunctionalExpensesGrp/TotalAmt0750138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt069411174
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt070852130
IRS990/TotalOtherCompensationAmt0135730
IRS990/TotalProgramServiceExpensesAmt0750138
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058224
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt058224
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069411174
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070852130
IRS990/TotReportableCompRltdOrgAmt0812915
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt069411174
IRS990/UnrestrictedNetAssetsGrp/EOYAmt070852130
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO BOX 1749
IRS990/USAddress/City0STILLWATER
IRS990/USAddress/State0OK
IRS990/USAddress/ZIPCode0740761749
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK JEWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04053855100
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-05
ReturnHeader/Filer/BusinessName/BusinessNameLine10FOUNDATION FOR ENGINEERING AT OSU
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0261124834
ReturnHeader/Filer/PhoneNum04053855100
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 1749
ReturnHeader/Filer/USAddress/City0STILLWATER
ReturnHeader/Filer/USAddress/State0OK
ReturnHeader/Filer/USAddress/ZIPCode0740761749
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10MCGLADREY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10531 COUCH DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0OKLAHOMA CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0731022251
ReturnHeader/PreparerPersonGrp/PhoneNum04052397961
ReturnHeader/PreparerPersonGrp/PreparationDt02015-04-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELLAN WRIGHT
ReturnHeader/ReturnTs02015-05-01T13:01:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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