Civic Intelligence

Langston Development Fund Inc

990 • Fiscal year 2014 • EIN 73-1476426

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 07, 2015

Organization ProfileN/A
PO Box 719Suite73050

(405) 466-3234

Siviq Scores

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

Liabilities / Assets

96th percentile

1.09x

Higher debt load relative to assets than 96% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

5.58x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

52nd percentile

4.2%

Higher net margin than 52% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

17th percentile

-2.9%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

36th percentile

0.5%

Faster revenue growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$38,159,417

Down $1,122,135 (-2.9%) from 2013

Net Assets

Up

-$3,558,417

Up $314,445 (+8.1%) from 2013

Liabilities

Down

$41,717,834

Down $1,436,580 (-3.3%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin52nd percentile

Revenue

Up

$7,479,460

Up $38,520 (+0.5%) from 2013

Expenses

Down

$7,165,015

Down $89,937 (-1.2%) from 2013

Net Income

Up

$314,445

Up $128,457 (+69%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $41,643,934Liabilities 2011: $45,643,351Net Assets 2011: -$3,999,4172011Assets 2012: $40,599,828Liabilities 2012: $44,658,678Net Assets 2012: -$4,058,8502012Assets 2013: $39,281,552Liabilities 2013: $43,154,414Net Assets 2013: -$3,872,8622013Assets 2014: $38,159,417Liabilities 2014: $41,717,834Net Assets 2014: -$3,558,4172014Assets 2015: $37,590,093Liabilities 2015: $40,228,355Net Assets 2015: -$2,638,2622015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$38,159,417
Liabilities$41,717,834
Net Assets-$3,558,417
Open 2014 Filing

Operations Trend

Revenue Growth36th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $7,262,135Expenses 2011: $7,394,758Net Income 2011: -$132,6232011Revenue 2012: $7,371,037Expenses 2012: $7,430,470Net Income 2012: -$59,4332012Revenue 2013: $7,440,940Expenses 2013: $7,254,952Net Income 2013: $185,9882013Revenue 2014: $7,479,460Expenses 2014: $7,165,015Net Income 2014: $314,4452014Revenue 2015: $8,241,921Expenses 2015: $7,326,584Net Income 2015: $915,3372015Revenue 2016: $4,140,856Expenses 2016: $1,502,594Net Income 2016: $2,638,2622016

Highlighted filing

2014

Revenue$7,479,460
Expenses$7,165,015
Net Income$314,445
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 7, 2015
Return Version
2013v4.0
Gross Receipts
$7,479,460
Mission and Program Overview

Mission

The purpose is to promote and foster the educational interests of every kind and descriptions of langston university. Also, it will solicit, receive, hold, and administer donations of money or property, both personal and real, which may be made to the organization for its proper objectives.

Fundraising for langston university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,070,295$27,610,150▼ $1,460,145
Investments in Publicly Traded Securities$6,588,500$7,046,235▲ $457,735
Savings and Temporary Cash Investments$2,396,687$2,038,195▼ $358,492
Accounts Receivable$35,225$433,747▲ $398,522
Prepaid Expenses and Deferred Charges$343,156$392,094▲ $48,938
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$39,281,552$38,159,417▼ $1,122,135
Other Assets Total$847,689$638,996▼ $208,693
Liabilities
Mortgage Notes Payable Secured by Investment Property$42,139,863$40,844,514▼ $1,295,349
Accounts Payable and Accrued Expenses$358,944$370,573▲ $11,629
Unsecured Notes Loans Payable$296,784$311,672▲ $14,888
Escrow Account Liability$287,031$141,258▼ $145,773
Deferred Revenue$71,792$49,817▼ $21,975
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$43,154,414$41,717,834▼ $1,436,580
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-3,872,862$-3,558,417▲ $314,445
Total Net Assets Fund Balance$-3,872,862$-3,558,417▲ $314,445
Total Liabilities and Net Assets / Fund Balance$39,281,552$38,159,417▼ $1,122,135

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,289,313$10,714,909$38,004,222
Equipment$320,837$1,619,774$1,940,611
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Darrell JeffloChairman
James DunavantAssistant Vice President
Dr Sharron BurnettExecutive Director
Douglas BurnsMember
Dr Wayne JonesMember
Excell Lafeyette JrMember
Joellyn A McCormickMember
Revenue and Support

Revenue Composition

Contributions and Grants
$331,734
Program Service Revenue
$6,944,231
Investment Income
$203,495
Other Revenue
$0
All Other Contributions
$331,734
Change in Net Assets
$314,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,479,460
Total Revenue per Audited Statements
$7,479,460
Total Revenue per Form 990
$7,479,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,235,455
Salaries, Compensation, and Employee Benefits$883,430
Grants and Similar Amounts Paid$46,130
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,062,008--$2,062,008
Depreciation Depletion$1,460,145--$1,460,145
Occupancy$1,243,036--$1,243,036
Other Salaries and Wages$660,221--$660,221
Other Expenses$432,663--$432,663
Insurance$423,540--$423,540
Office Expenses$331,894--$331,894
Other Employee Benefits$223,209--$223,209
Fees for Services Management-$217,708-$217,708
Grants to Domestic Orgs$46,130--$46,130
Fees for Services Accounting-$42,309-$42,309
All Other Expenses-$17,397-$17,397
Advertising$4,755--$4,755
Total Functional Expenses$6,887,601$277,414$0$7,165,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,165,015
Total Expenses per Audited Statements$7,165,015
Total Expenses per Form 990$7,165,015
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
11-3815948--General funding$46,130
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
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7B

“Other members present in the board meeting, who are not of the quorum, but their majority vote along with the quorum constitute a binding action of the fund.”

Form 990, Part VI, Line 11

“The return is prepared and reviewed by an outside accounting firm. The return is then reviewed internally by management prior to filing with the irs.”

Form 990, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
73-1476426
In Care Of
% JAMES DUNAVANT
Phone
4054663234

Signing Officer

Name
James Dunavant
Title
Officer
Phone
4054663234
Signed
2015-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Dunavant
Formed
1955
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Preparer
Anne M Adams
Phone
4054663234
Supplemental Narrative

Financial Statement Notes

Sch D, Part IV, Line 2B

“Ldf student housing, llc collects security deposits from its residents.”

Sch D, Part X, Line 2

“The Organization is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Organization is subject to the federal income tax on any unrelated business taxable income. The Organization files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Organization is no longer subject to U.S. federal examinations by tax authroties for years before 2011. The Company, as a single member limited liability company is considered a disregarded entity for income tax purposes, with all reporting made directly through the single member, the Organization. Accordingly, no income taxes are reflected in these consolidated financial statements.”

Raw XML AppendixShowing 400 of 544 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0358944
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0370573
IRS990/AccountsReceivableGrp/BOYAmt035225
IRS990/AccountsReceivableGrp/EOYAmt0433747
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FUNDRAISING FOR LANGSTON UNIVERSITY.
IRS990/AdvertisingGrp/ProgramServicesAmt04755
IRS990/AdvertisingGrp/TotalAmt04755
IRS990/AllOtherContributionsAmt0331734
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt017397
IRS990/AllOtherExpensesGrp/TotalAmt017397
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JAMES DUNAVANT
IRS990/BooksInCareOfDetail/PhoneNum04054663234
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO BOX 719
IRS990/BooksInCareOfDetail/USAddress/City0LANGSTON
IRS990/BooksInCareOfDetail/USAddress/State0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCode073050
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0331734
IRS990/CYGrantsAndSimilarPaidAmt046130
IRS990/CYInvestmentIncomeAmt0203495
IRS990/CYOtherExpensesAmt06235455
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06944231
IRS990/CYRevenuesLessExpensesAmt0314445
IRS990/CYSalariesCompEmpBnftPaidAmt0883430
IRS990/CYTotalExpensesAmt07165015
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07479460
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt071792
IRS990/DeferredRevenueGrp/EOYAmt049817
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01460145
IRS990/DepreciationDepletionGrp/TotalAmt01460145
IRS990/Desc0OPERATION OF THE LANGSTON COMMONS AND CENTENNIAL COURT STUDENT HOUSING FACILITIES, WHICH ARE LOCATED ON THE CAMPUS OF LANGSTON UNIVERSITY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt0287031
IRS990/EscrowAccountLiabilityGrp/EOYAmt0141258
IRS990/ExpenseAmt06887601
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt042309
IRS990/FeesForServicesAccountingGrp/TotalAmt042309
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0217708
IRS990/FeesForServicesManagementGrp/TotalAmt0217708
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DARRELL JEFFLO
IRS990/Form990PartVIISectionAGrp/PersonNm1DR WAYNE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES DUNAVANT
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Sharron Burnett
IRS990/Form990PartVIISectionAGrp/PersonNm4Excell Lafeyette Jr
IRS990/Form990PartVIISectionAGrp/PersonNm5Joellyn A McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm6Douglas Burns
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASSISTANT VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01955
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt046130
IRS990/GrantsToDomesticOrgsGrp/TotalAmt046130
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07479460
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0423540
IRS990/InsuranceGrp/TotalAmt0423540
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt02062008
IRS990/InterestGrp/TotalAmt02062008
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0203495
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0203495
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06588500
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07046235
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012334683
IRS990/LandBldgEquipBasisNetGrp/BOYAmt029070295
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027610150
IRS990/LandBldgEquipCostOrOtherBssAmt039944833
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PURPOSE IS TO PROMOTE AND FOSTER THE EDUCATIONAL INTERESTS OF EVERY KIND AND DESCRIPTIONS OF LANGSTON UNIVERSITY. ALSO, IT WILL SOLICIT, RECEIVE, HOLD, AND ADMINISTER DONATIONS OF MONEY OR PROPERTY, BOTH PERSONAL AND REAL, WHICH MAY BE MADE TO THE ORGANIZATION FOR ITS PROPER OBJECTIVES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt042139863
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt040844514
IRS990/NetAssetsOrFundBalancesBOYAmt0-3872862
IRS990/NetAssetsOrFundBalancesEOYAmt0-3558417
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01243036
IRS990/OccupancyGrp/TotalAmt01243036
IRS990/OfficeExpensesGrp/ProgramServicesAmt0331894
IRS990/OfficeExpensesGrp/TotalAmt0331894
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0847689
IRS990/OtherAssetsTotalGrp/EOYAmt0638996
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0223209
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0223209
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1_
IRS990/OtherExpensesGrp/Desc2_
IRS990/OtherExpensesGrp/Desc3_
IRS990/OtherExpensesGrp/ProgramServicesAmt0432663
IRS990/OtherExpensesGrp/TotalAmt0432663
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0660221
IRS990/OtherSalariesAndWagesGrp/TotalAmt0660221
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0343156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0392094
IRS990/PrincipalOfficerNm0James Dunavant
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06588866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1273313
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt282052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06588866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1273313
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt282052
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING ASSISTANCE TO LANGSTON UNIVERSITY BY PROVIDING SCHOLARSHIPS, ENDOWMENT FUNDS, AND OTHER ASSISTANCE AS A FUND-RAISING VEHICLE FOR THE UNIVERSITY.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01053061
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt053061
IRS990/PYInvestmentIncomeAmt0177697
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06317592
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06210182
IRS990/PYRevenuesLessExpensesAmt0185988
IRS990/PYSalariesCompEmpBnftPaidAmt0884299
IRS990/PYTotalExpensesAmt07254952
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07440940
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0314445
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06887601
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02396687
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02038195
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0331734
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01053061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt064309
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0100405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01549509
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0203495
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0177697
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0107944
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0143362
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0142721
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0775219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06862179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07210182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07263093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07054464
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07208443
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt035598361
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0203495
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0177697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0107944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0143362
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0142721
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0775219
IRS990ScheduleA/InvestmentIncomeCYPct00.02011
IRS990ScheduleA/InvestmentIncomePYPct00.01962
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt082052
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt031962
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0190377
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0151602
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0170821
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0626814
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96363
IRS990ScheduleA/PublicSupportPY509Pct00.96391
IRS990ScheduleA/PublicSupportTotal509Amt037147870
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07193913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08263243
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07263093
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt07118773
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07308848
IRS990ScheduleA/Total509Grp/TotalAmt037147870
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07479460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08472902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07561414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt07413737
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07622390
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt038549903
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/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt027289313
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010714909
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt038004222
IRS990ScheduleD/EquipmentGrp/BookValueAmt0320837
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01619774
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01940611
IRS990ScheduleD/ExpensesSubtotalAmt07165015
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/RevenueSubtotalAmt07479460
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LDF STUDENT HOUSING, LLC COLLECTS SECURITY DEPOSITS FROM ITS RESIDENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization is exempt from income taxes under Section 501 of the Internal Revenue Code and a similar provision of state law. However, the Organization is subject to the federal income tax on any unrelated business taxable income. The Organization files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Organization is no longer subject to U.S. federal examinations by tax authroties for years before 2011. The Company, as a single member limited liability company is considered a disregarded entity for income tax purposes, with all reporting made directly through the single member, the Organization. Accordingly, no income taxes are reflected in these consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCH D, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCH D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027610150
IRS990ScheduleD/TotalExpensesPerForm990Amt07165015
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt07479460
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07479460
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07165015
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt046130
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General funding
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Langston University
IRS990ScheduleI/RecipientTable/RecipientEIN0113815948
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10701 Sammy Davis Jr Dr
IRS990ScheduleI/RecipientTable/USAddress/City0Langston
IRS990ScheduleI/RecipientTable/USAddress/State0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode073050
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,159,417
Liabilities
$41,717,834
Net assets
-$3,558,417
Revenue
$7,479,460
Expenses
$7,165,015
Net income
$314,445
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.14$1.50$2.64
2015Detailed filing. Detailed filing data is available for this year.$37.6$40.2$2.64$8.24$7.33$0.92
2014Detailed filing. Detailed filing data is available for this year.$38.2$41.7$3.56$7.48$7.17$0.31
2013Summary only. Only limited summary data is available for this year.$39.3$43.2$3.87$7.44$7.25$0.19
2012Summary only. Only limited summary data is available for this year.$40.6$44.7$4.06$7.37$7.43$0.06
2011Summary only. Only limited summary data is available for this year.$41.6$45.6$4.00$7.26$7.39$0.13