Civic Intelligence

Panhandle State Foundation

990 • Fiscal year 2021 • EIN 73-1019001

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 22, 2022

Organization ProfileN/A
PO Box 430Goodwell, OK 73939

(580) 349-1392

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.12x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

80th percentile

38%

Higher net margin than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$40,228

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

62nd percentile

15%

Faster asset growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

22%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$20,788,449

Up $2,700,218 (+15%) from 2020

Net Assets

Up

$20,547,280

Up $2,697,812 (+15%) from 2020

Liabilities

Up

$241,169

Up $2,406 (+1.0%) from 2020

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin80th percentile

Revenue

Up

$2,048,058

Up $364,739 (+22%) from 2020

Expenses

Up

$1,263,610

Up $15,144 (+1.2%) from 2020

Net Income

Up

$784,448

Up $349,595 (+80%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$30M$20M$10M$0Assets 2011: $13,874,155Liabilities 2011: $5,225,786Net Assets 2011: $8,648,3692011Assets 2012: $14,341,718Liabilities 2012: $5,110,996Net Assets 2012: $9,230,7222012Assets 2013: $14,745,201Liabilities 2013: $4,993,545Net Assets 2013: $9,751,6562013Assets 2014: $11,180,317Liabilities 2014: $193,505Net Assets 2014: $10,986,8122014Assets 2015: $10,600,404Liabilities 2015: $189,584Net Assets 2015: $10,410,8202015Assets 2016: $13,673,054Liabilities 2016: $197,442Net Assets 2016: $13,475,6122016Assets 2017: $14,577,941Liabilities 2017: $198,097Net Assets 2017: $14,379,8442017Assets 2018: $14,229,457Liabilities 2018: $203,554Net Assets 2018: $14,025,9032018Assets 2019: $18,332,617Liabilities 2019: $222,461Net Assets 2019: $18,110,1562019Assets 2020: $18,088,231Liabilities 2020: $238,763Net Assets 2020: $17,849,4682020Assets 2021: $20,788,449Liabilities 2021: $241,169Net Assets 2021: $20,547,2802021Assets 2022: $19,051,052Liabilities 2022: $303,530Net Assets 2022: $18,747,5222022Assets 2023: $21,390,744Liabilities 2023: $263,535Net Assets 2023: $21,127,2092023Assets 2024: $22,960,744Liabilities 2024: $268,848Net Assets 2024: $22,691,8962024

Highlighted filing

2021

Assets$20,788,449
Liabilities$241,169
Net Assets$20,547,280
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $2,205,117Expenses 2011: $720,697Net Income 2011: $1,484,4202011Revenue 2012: $1,053,290Expenses 2012: $818,577Net Income 2012: $234,7132012Revenue 2013: $1,034,244Expenses 2013: $884,615Net Income 2013: $149,6292013Revenue 2014: $1,059,317Expenses 2014: $833,162Net Income 2014: $226,1552014Revenue 2015: $1,199,337Expenses 2015: $802,445Net Income 2015: $396,8922015Revenue 2016: $3,018,210Expenses 2016: $872,243Net Income 2016: $2,145,9672016Revenue 2017: $1,911,953Expenses 2017: $1,545,305Net Income 2017: $366,6482017Revenue 2018: $2,494,581Expenses 2018: $1,504,774Net Income 2018: $989,8072018Revenue 2019: $3,539,769Expenses 2019: $1,492,954Net Income 2019: $2,046,8152019Revenue 2020: $1,683,319Expenses 2020: $1,248,466Net Income 2020: $434,8532020Revenue 2021: $2,048,058Expenses 2021: $1,263,610Net Income 2021: $784,4482021Revenue 2022: $1,887,080Expenses 2022: $1,434,074Net Income 2022: $453,0062022Revenue 2023: $2,208,103Expenses 2023: $773,708Net Income 2023: $1,434,3952023Revenue 2024: $3,223,149Expenses 2024: $507,662Net Income 2024: $2,715,4872024

Highlighted filing

2021

Revenue$2,048,058
Expenses$1,263,610
Net Income$784,448
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 22, 2022
Return Version
2021v4.0
Gross Receipts
$2,048,058
Mission and Program Overview

Mission

To provide educational experiences that are designed to enrich the personal lives of students and to prepare them for roles in agriculture, business, education, government, and industry.

Scholarship and general support of panhandle state university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,856,989$19,024,298▲ $3,167,309
Investments Other Securities$752,752$608,333▼ $144,419
Savings and Temporary Cash Investments$451,917$396,340▼ $55,577
Land, Buildings, and Equipment, Net$5,000$5,000→ $0
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$18,088,231$20,788,449▲ $2,700,218
Other Assets Total$1,021,573$754,478▼ $267,095
Liabilities
Escrow Account Liability$229,287$225,414▼ $3,873
Accounts Payable and Accrued Expenses$9,476$15,755▲ $6,279
Total Liabilities$238,763$241,169▲ $2,406
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,499,669$10,885,489▲ $2,385,820
Net Assets With Donor Restrictions$9,349,799$9,661,791▲ $311,992
Total Net Assets Fund Balance$17,849,468$20,547,280▲ $2,697,812
Total Liabilities and Net Assets / Fund Balance$18,088,231$20,788,449▲ $2,700,218

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,000--
Equipment-$11,172-
Other Securities$418,333--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Doris LooperExecutive DirecPT$40,228$40,228

Board Members and Trustees

NameTitle
See attached List of DirectorsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,052,676
Program Service Revenue
$0
Investment Income
$993,705
Other Revenue
$1,677
All Other Contributions
$1,052,676
Change in Net Assets
$784,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,048,058
Revenue Not Reported on Form 990
$14,277
Total Revenue per Audited Statements
$2,062,335
Total Revenue per Form 990
$2,048,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,125,939
Salaries, Compensation, and Employee Benefits$109,850
Other Expenses$27,821
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$610,827--$610,827
Grants to Domestic Individuals$515,112--$515,112
Other Salaries and Wages-$46,568-$46,568
Current Officers, Directors, Trustees, and Key Employees-$40,228-$40,228
Fees for Services Accounting-$12,250-$12,250
Occupancy-$8,400-$8,400
Payroll Taxes-$7,806-$7,806
Other Employee Benefits-$7,761-$7,761
Pension Plan Contributions-$7,487-$7,487
Office Expenses-$2,425-$2,425
Fees for Services Legal-$1,099-$1,099
Other Expenses-$626-$626
Travel-$419-$419
Conferences and Meetings-$62-$62
Total Functional Expenses$1,125,939$137,671$0$1,263,610

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,263,610
Total Expenses per Audited Statements$1,263,610
Total Expenses per Form 990$1,263,610
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oklahoma Panhandle State UnivGoodwell, OK-Construction & Professional Develop$610,827
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Executive director is spouse of board memberexecutive director is parent of board member”

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

“Return is available for review by board members prior to filing. Doris looper, executive director reviews return and signs upon approval.”

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

“Documents available at local office upon request”

Filing and Contact Details

Filer

Filer Name
Panhandle State Foundation
EIN
73-1019001
Phone
5803491392
Address
PO Box 430, Goodwell, OK 73939

Signing Officer

Name
Doris Looper
Title
Executive Director
Signed
2022-07-22
Discuss with paid preparer
Yes

Organization Details

Formed
1961
Legal Domicile
Ok
Voting Board Members
26
Independent Board Members
26
Employees
2

Preparer

Firm
FSW&B CPAs PLLC
Address
205 W Mc Elroy, Stillwater, OK 74075
Preparer
Pamela S Weder CPA
Phone
4056249500
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Change in interest of perpetual trust = $14277”

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

“Change in value of perpetual trust $14,277”

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Foundation holds funds as custodian for the alumni association”

Part V, Line 4: Intended uses of the endowment fund.

“Provide funding for student scholarships”

Part X : FIN48 Footnote

“In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (Currently FASB Accounting Standards Codification (ASC) 740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The Foundation evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonable estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The Foundation does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statues dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Foundation has no open examination with either the Internal Revenue Service or state taxing authorities. The Foundationb”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Change in interest of perpetual trust $14277”

Raw XML AppendixShowing 400 of 422 raw XML fields

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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07980563
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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/OtherRevenueAmt014277
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0418333
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IRS990ScheduleD/RevenueSubtotalAmt02048058
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOUNDATION HOLDS FUNDS AS CUSTODIAN FOR THE ALUMNI ASSOCIATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2In June 2006, the Financial Accounting Standards Board (FASB) released FASB Interpretation 48 (FIN 48) Accounting for Uncertainty in Income Taxes (Currently FASB Accounting Standards Codification (ASC) 740, Income Taxes), which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The Foundation evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonable estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The Foundation does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statues dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the Foundation has no open examination with either the Internal Revenue Service or state taxing authorities. The Foundationb
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3CHANGE IN INTEREST OF PERPETUAL TRUST $14277
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
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IRS990ScheduleD/TotalExpensesPerForm990Amt01263610
IRS990ScheduleD/TotalRevenuePerForm990Amt02048058
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02062335
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01263610
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0515112
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR TUITION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0254
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/RecipientTable/CashGrantAmt0610827
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0UNIVERSITY CLUB ACTIVITY SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONSTRUCTION & PROFESSIONAL DEVELOP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OKLAHOMA PANHANDLE STATE UNIV
IRS990ScheduleI/RecipientTable/RecipientEIN0736017987
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 430
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GOODWELL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073939
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT FUNDS ARE NOT AWARDED TO THE INDIVIDUAL, THEY ARE AWARDED TO THE SCHOOL AND THE INDIVIDUAL SO THAT THE SCHOOL WILL RECEIVE THE FUNDS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR IS SPOUSE OF BOARD MEMBEREXECUTIVE DIRECTOR IS PARENT OF BOARD MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETURN IS AVAILABLE FOR REVIEW BY BOARD MEMBERS PRIOR TO FILING. DORIS LOOPER, EXECUTIVE DIRECTOR REVIEWS RETURN AND SIGNS UPON APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS AVAILABLE AT LOCAL OFFICE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN INTEREST OF PERPETUAL TRUST = $14277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN VALUE OF PERPETUAL TRUST $14,277
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020788449
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,788,449
Liabilities
$241,169
Net assets
$20,547,280
Revenue
$2,048,058
Expenses
$1,263,610
Net income
$784,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.0$0.27$22.7$3.22$0.51$2.72
2023Detailed filing. Detailed filing data is available for this year.$21.4$0.26$21.1$2.21$0.77$1.43
2022Detailed filing. Detailed filing data is available for this year.$19.1$0.30$18.7$1.89$1.43$0.45
2021Detailed filing. Detailed filing data is available for this year.$20.8$0.24$20.5$2.05$1.26$0.78
2020Detailed filing. Detailed filing data is available for this year.$18.1$0.24$17.8$1.68$1.25$0.43
2019Detailed filing. Detailed filing data is available for this year.$18.3$0.22$18.1$3.54$1.49$2.05
2018Detailed filing. Detailed filing data is available for this year.$14.2$0.20$14.0$2.49$1.50$0.99
2017Detailed filing. Detailed filing data is available for this year.$14.6$0.20$14.4$1.91$1.55$0.37
2016Detailed filing. Detailed filing data is available for this year.$13.7$0.20$13.5$3.02$0.87$2.15
2015Detailed filing. Detailed filing data is available for this year.$10.6$0.19$10.4$1.20$0.80$0.40
2014Detailed filing. Detailed filing data is available for this year.$11.2$0.19$11.0$1.06$0.83$0.23
2013Summary only. Only limited summary data is available for this year.$14.7$4.99$9.75$1.03$0.88$0.15
2012Summary only. Only limited summary data is available for this year.$14.3$5.11$9.23$1.05$0.82$0.23
2011Summary only. Only limited summary data is available for this year.$13.9$5.23$8.65$2.21$0.72$1.48