Civic Intelligence

Phillips University Legacy Foundation Inc

990 • Fiscal year 2019 • EIN 73-1585868

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Organization Profilewww.pulf.org
2615 E RandolphEnid, OK 73701

(580) 237-4433

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$34,093

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

78th percentile

18%

Faster asset growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$1,937,113

Up $294,626 (+18%) from 2018

Net Assets

Up

$1,929,463

Up $286,976 (+17%) from 2018

Liabilities

Up

$7,650

Up $7,650 from 2018

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin92nd percentile

Revenue

Up

$739,899

Up $243,553 (+49%) from 2018

Expenses

Down

$333,475

Down $92,471 (-22%) from 2018

Net Income

Up

$406,424

Up $336,024 (+477%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $837,842Liabilities 2011: $0Net Assets 2011: $837,8422011Assets 2012: $836,900Liabilities 2012: $29,735Net Assets 2012: $807,1652012Assets 2013: $1,070,430Liabilities 2013: $25,035Net Assets 2013: $1,045,3952013Assets 2014: $1,248,270Liabilities 2014: $23,535Net Assets 2014: $1,224,7352014Assets 2015: $1,286,831Liabilities 2015: $21,535Net Assets 2015: $1,265,2962015Assets 2016: $1,345,792Liabilities 2016: $0Net Assets 2016: $1,345,7922016Assets 2017: $1,536,737Liabilities 2017: $0Net Assets 2017: $1,536,7372017Assets 2018: $1,642,487Liabilities 2018: $0Net Assets 2018: $1,642,4872018Assets 2019: $1,937,113Liabilities 2019: $7,650Net Assets 2019: $1,929,4632019Assets 2020: $1,864,926Liabilities 2020: $5,691Net Assets 2020: $1,859,2352020Assets 2021: $5,438,596Liabilities 2021: $48,666Net Assets 2021: $5,389,9302021Assets 2022: $4,882,061Liabilities 2022: $10,972Net Assets 2022: $4,871,0892022Assets 2023: $4,963,370Liabilities 2023: $7,325Net Assets 2023: $4,956,0452023Assets 2024: $5,303,358Liabilities 2024: $6,048Net Assets 2024: $5,297,3102024

Highlighted filing

2019

Assets$1,937,113
Liabilities$7,650
Net Assets$1,929,463
Open 2019 Filing

Operations Trend

Revenue Growth87th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $312,810Expenses 2011: $199,394Net Income 2011: $113,4162011Revenue 2012: $69,181Expenses 2012: $103,738Net Income 2012: -$34,5572012Expenses 2013: $106,2032013Revenue 2014: $210,183Expenses 2014: $125,452Net Income 2014: $84,7312014Revenue 2015: $216,636Expenses 2015: $149,320Net Income 2015: $67,3162015Revenue 2016: $436,632Expenses 2016: $261,771Net Income 2016: $174,8612016Revenue 2017: $408,952Expenses 2017: $287,384Net Income 2017: $121,5682017Revenue 2018: $496,346Expenses 2018: $425,946Net Income 2018: $70,4002018Revenue 2019: $739,899Expenses 2019: $333,475Net Income 2019: $406,4242019Revenue 2020: $432,730Expenses 2020: $446,061Net Income 2020: -$13,3312020Revenue 2021: $3,481,744Expenses 2021: $534,761Net Income 2021: $2,946,9832021Revenue 2022: $672,302Expenses 2022: $605,946Net Income 2022: $66,3562022Revenue 2023: $618,493Expenses 2023: $664,820Net Income 2023: -$46,3272023Revenue 2024: $686,238Expenses 2024: $657,555Net Income 2024: $28,6832024

Highlighted filing

2019

Revenue$739,899
Expenses$333,475
Net Income$406,424
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.3
Gross Receipts
$739,899
Mission and Program Overview

Mission

The mission of phillips university legacy foundation is to follow the tradition of phillips university by providing scholarships and opportunities to educate and develop leaders who embody christian values in their lives, service, and work.

To provide educational scholarships to undergraduate college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,642,487$1,929,463▲ $286,976
Investments in Publicly Traded Securities$1,317,466$1,798,534▲ $481,068
Savings and Temporary Cash Investments$84,367$77,955▼ $6,412
Cash and Non-Interest-Bearing Accounts$71,535$25,265▼ $46,270
Land, Buildings, and Equipment, Net-$1,050-
Accounts Receivable$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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,642,487$1,937,113▲ $294,626
Other Assets Total$169,119$34,309▼ $134,810
Liabilities
Other Liabilities$0$7,650▲ $7,650
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$7,650▲ $7,650
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,642,487$1,929,463▲ $286,976
Total Liabilities and Net Assets / Fund Balance$1,642,487$1,937,113▲ $294,626

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,050$16,631$17,681

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$366,877$280,449▲ $17,311$5,998$656,891
2017$268,718$85,634▲ $21,340$6,364$366,877
2016$154,782$100,773▲ $18,112$630$268,718
2015$160,515-▼ $1,219-$154,782
2014$166,016-▼ $316-$160,515
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly CokerVice President/executive DirectorPT$30,161$3,932$34,093

Board Members and Trustees

NameTitle
Nancy PhillipsChair
Gene ChallennerPresident Director
Bob HallVice-chair
Alexis BranamanDirector
Becky BooksDirector
Charlette Gallagher-AllredDirector
Janetta CravensDirector
Sue ChaelDirector
blake billingsDirector
joanne mcguireDirector
kirby gouldDirector
susan hrovatDirector
ryan dearmanSecretary
David GrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$685,451
Program Service Revenue
$0
Investment Income
$54,448
Other Revenue
$0
All Other Contributions
$685,451
Change in Net Assets
$406,424

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$40,000Fair Market Value (FMV)
Total Noncash Contributions1$40,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,608
Grants and Similar Amounts Paid$110,867
Total Fundraising Expense$13,243
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$110,867--$110,867
Fees for Services Accounting-$9,728-$9,728
Office Expenses$3,544$1,518$2,841$7,903
Information Technology$6,595--$6,595
All Other Expenses$2,249$192$3,218$5,659
Conferences and Meetings$4,494-$1,049$5,543
Occupancy$5,305--$5,305
Travel-$506$3,461$3,967
Other Expenses$3,318$65$1,005$3,318
Advertising$458$35$1,669$2,162
Insurance$1,600--$1,600
Fees for Services Other$1,358--$1,358
Fees for Service Investment Mgmnt Fees-$929-$929
Total Functional Expenses$299,615$20,617$13,243$333,475
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lien$7,650
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization uses an outside accounting firm to prepare, review and file the return. Management and the finance/investment committee reviews the return prior to presenting it to the board to vote on final approval for filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available to the public upon request.”

Form 990, Part VI, Line 12C

“Board members are required annually to complete a conflict of interest form. In the event a conflict arises, the board member notifies the board and appropriate actions are taken.”

Form 990, PART VI, SECTION A, LINE 6

“A corporate member is an individual who has been elected to serve as a member of phillips university legacy foundation in accordance with the bylaws, has knowledge of the history, traditions, and culture of phillips university, and is fully supportive of the mission of the phillips university legacy foundation. The members of the corporation shall consist of the members of the board of directors for as long as their respective terms of office shall continue, and of corporate members (members of the corporation other than directors) for as long as their respective terms of office shall continue.”

Form 990, PART VI, SECTION A, LINE 7A

“Both directors and corporate members are elected by a simple majority vote by the corporate members either at the annual meeting of the organization, or at a special meeting of either the members or directors.”

Form 990, PART VI, SECTION A, LINE 7B

“Only corporate members can elect the corporate members.”

Form 990, Part VI, Section A, Line 8B

“The Organization had no committees with authority to act on behalf of the governing body.”

Filing and Contact Details

Filer

Filer Name
Phillips University Legacy Foundation Inc
EIN
73-1585868
In Care Of
% PHILLIPS UNIVERSITY LEGACY F
Phone
5802374433
Address
2615 E Randolph, ENID, OK 73701

Signing Officer

Name
Ryan P Dearman
Title
President
Phone
7134994600
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Coker
Formed
2000
Legal Domicile
Ok
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
34

Preparer

Firm
Bkd Llp
Address
110 N Elgin Avenue Ste 400, Tulsa, OK 74120-1490
Preparer
Shawn M Loader
Phone
9185842900
Supplemental Narrative

Financial Statement Notes

Part V Endowment Funds

“Quasi endowment funds are designated by the board for scholarships and to fund operations.”

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT/EXECUTIVE DIR.
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt01798534
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IRS990/MissionDesc0THE MISSION OF PHILLIPS UNIVERSITY LEGACY FOUNDATION IS TO FOLLOW THE TRADITION OF PHILLIPS UNIVERSITY BY PROVIDING SCHOLARSHIPS AND OPPORTUNITIES TO EDUCATE AND DEVELOP LEADERS WHO EMBODY CHRISTIAN VALUES IN THEIR LIVES, SERVICE, AND WORK.
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IRS990/OfficeExpensesGrp/FundraisingAmt02841
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01518
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IRS990/OfficeExpensesGrp/TotalAmt07903
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt034309
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1COST RECOVERY FEE
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07644
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt165
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IRS990/OtherExpensesGrp/ProgramServicesAmt23318
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IRS990/OtherExpensesGrp/TotalAmt26203
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IRS990/PrincipalOfficerNm0Kelly Coker
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0404328
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,937,113
Liabilities
$7,650
Net assets
$1,929,463
Revenue
$739,899
Expenses
$333,475
Net income
$406,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$5.30$0.01$5.30$0.69$0.66$0.03
2023Summary only. Only limited summary data is available for this year.$4.96$0.01$4.96$0.62$0.66$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$0.01$4.87$0.67$0.61$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.44$0.05$5.39$3.48$0.53$2.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.01$1.86$0.43$0.45$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.01$1.93$0.74$0.33$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$0.50$0.43$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.41$0.29$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.44$0.26$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.02$1.27$0.22$0.15$0.07
2014Summary only. Only limited summary data is available for this year.$1.25$0.02$1.22$0.21$0.13$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.03$1.05$0.11
2012Summary only. Only limited summary data is available for this year.$0.84$0.03$0.81$0.07$0.10$0.03
2011Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.31$0.20$0.11