Civic Intelligence

Langston Development Fund Inc

990 • Fiscal year 2016 • EIN 73-1476426

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 09, 2017

Organization ProfileN/A
PO Box 719Langston, OK 73050

(405) 466-3234

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

14th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

64%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $37,590,093 (-100%) from 2015

Net Assets

Up

$0

Up $2,638,262 (+100%) from 2015

Liabilities

Down

$0

Down $40,228,355 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin95th percentile

Revenue

Down

$4,140,856

Down $4,101,065 (-50%) from 2015

Expenses

Down

$1,502,594

Down $5,823,990 (-79%) from 2015

Net Income

Up

$2,638,262

Up $1,722,925 (+188%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2016

Assets$0
Liabilities$0
Net Assets$0
Open 2016 Filing

Operations Trend

Revenue Growth6th 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

2016

Revenue$4,140,856
Expenses$1,502,594
Net Income$2,638,262
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 9, 2017
Return Version
2015v3.0
Gross Receipts
$4,140,856
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$26,150,004$0▼ $26,150,004
Investments in Publicly Traded Securities$7,006,532$0▼ $7,006,532
Savings and Temporary Cash Investments$3,219,351$0▼ $3,219,351
Accounts Receivable$475,830$0▼ $475,830
Inventories for Sale or Use$399,850$0▼ $399,850
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
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$37,590,093$0▼ $37,590,093
Other Assets Total$338,526$0▼ $338,526
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,498,552$0▼ $39,498,552
Accounts Payable and Accrued Expenses$342,343$0▼ $342,343
Unsecured Notes Loans Payable$323,640$0▼ $323,640
Deferred Revenue$63,820$0▼ $63,820
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$40,228,355$0▼ $40,228,355
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-2,638,262$0▲ $2,638,262
Total Net Assets Fund Balance$-2,638,262$0▲ $2,638,262
Total Liabilities and Net Assets / Fund Balance$37,590,093$0▼ $37,590,093
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Darrell JeffloChairman
Mautra JonesVice President
Dr Wayne JonesMember
Excell Lafeyette JrMember
Joellyn a MccormickMember
Revenue and Support

Revenue Composition

Contributions and Grants
$3,855,006
Program Service Revenue
$169,654
Investment Income
$116,196
Other Revenue
$0
All Other Contributions
$3,855,006
Change in Net Assets
$2,638,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,500,520
Grants and Similar Amounts Paid$2,074
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$714,815-$714,815
Interest$583,992--$583,992
Other Expenses$15,302--$15,302
Grants to Domestic Orgs$2,074--$2,074
Total Functional Expenses$787,779$714,815$0$1,502,594
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
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

Filer Name
Langston Development Fund Inc
EIN
73-1476426
In Care Of
% MAUTRA JONES
Phone
4054663234
Address
PO Box 719, Langston, OK 73050

Signing Officer

Name
Mautra Jones
Title
Officer
Signed
2017-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mautra Jones
Formed
1955
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bkd Llp
Address
6120 S Yale 1400, Tulsa, OK 74136-4223
Preparer
Amy M Catcher
Phone
9185842900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Operation of Langston Commons and Centennial Court Student Housing Facilities was transferred to Langston University during the tax year.”

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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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03855006
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt098430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0331734
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01053061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05338231
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0116196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0147981
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0203495
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0177697
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0107944
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0753313
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0169654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07781324
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06862179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07210182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07263093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt029286432
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0116196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0147981
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0203495
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0177697
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0107944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0753313
IRS990ScheduleA/InvestmentIncomeCYPct00.02098
IRS990ScheduleA/InvestmentIncomePYPct00.01990
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0219004
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt082052
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt031962
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0190377
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0523395
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96444
IRS990ScheduleA/PublicSupportPY509Pct00.96280
IRS990ScheduleA/PublicSupportTotal509Amt034624663
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04024660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt07879754
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt07193913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt08263243
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt07263093
IRS990ScheduleA/Total509Grp/TotalAmt034624663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04140856
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08246739
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt07479460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt08472902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt07561414
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt035901371
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
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Assets and Liabilities of LDF St. Hsing
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-11-03
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0113815948
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt00
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Carrying Value
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0Langston University
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0701 Sammy Davis Jr Dr
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Langston
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0OK
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd073050
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS PREPARED AND REVIEWED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS THEN REVIEWED INTERNALLY BY MANAGEMENT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Operation of Langston Commons and Centennial Court Student Housing Facilities was transferred to Langston University during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 3
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LDF Student Housing LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0203353456
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Stdnt Apartm.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0285850
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO Box 719
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Langston
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd073050
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LANGSTON UNIVERSITY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0113815948
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FUNDRAISING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0311 PAGE HALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LANGSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073050
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$4,140,856
Expenses
$1,502,594
Net income
$2,638,262
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