Civic Intelligence

Midwestern State University Foundation Inc.

990 • Fiscal year 2022 • EIN 75-1101337

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 06, 2023

Organization ProfileN/A
807 8th Street 2nd FloorWichita Falls, TX 76301-3381

(940) 322-4436

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

97th percentile

97%

Faster asset growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

330%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$64,205,017

Up $31,663,897 (+97%) from 2021

Net Assets

Up

$64,195,845

Up $31,654,725 (+97%) from 2021

Liabilities

Up

$9,172

Up $9,172 from 2021

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin93rd percentile

Revenue

Up

$4,712,410

Up $3,615,225 (+330%) from 2021

Expenses

Up

$1,883,229

Up $281,679 (+18%) from 2021

Net Income

Up

$2,829,181

Up $3,333,546 (+661%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$80M$60M$40M$20M$0Assets 2011: $16,004,742Liabilities 2011: $25,004Net Assets 2011: $15,979,7372011Assets 2012: $17,054,643Liabilities 2012: $117,080Net Assets 2012: $16,937,5632012Assets 2013: $17,511,092Liabilities 2013: $5,036Net Assets 2013: $17,506,0562013Assets 2014: $23,881,679Liabilities 2014: $4,444Net Assets 2014: $23,877,2352014Assets 2015: $21,665,811Liabilities 2015: $6,690Net Assets 2015: $21,659,1202015Assets 2016: $22,305,641Liabilities 2016: $21,146Net Assets 2016: $22,284,4952016Assets 2017: $23,682,103Liabilities 2017: $3,578Net Assets 2017: $23,678,5252017Assets 2018: $32,093,922Liabilities 2018: $15,947Net Assets 2018: $32,077,9742018Assets 2019: $31,055,080Liabilities 2019: $12,487Net Assets 2019: $31,042,5922019Assets 2020: $29,686,488Liabilities 2020: $4,459Net Assets 2020: $29,682,0292020Assets 2021: $32,541,120Liabilities 2021: $0Net Assets 2021: $32,541,1202021Assets 2022: $64,205,017Liabilities 2022: $9,172Net Assets 2022: $64,195,8452022Assets 2023: $71,288,656Liabilities 2023: $0Net Assets 2023: $71,288,6562023Assets 2024: $79,935,439Liabilities 2024: $0Net Assets 2024: $79,935,4392024

Highlighted filing

2022

Assets$64,205,017
Liabilities$9,172
Net Assets$64,195,845
Open 2022 Filing

Operations Trend

Revenue Growth98th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,165,948Expenses 2011: $1,153,929Net Income 2011: $2,012,0192011Revenue 2012: $2,467,408Expenses 2012: $1,367,714Net Income 2012: $1,099,6942012Revenue 2013: $847,098Expenses 2013: $2,181,234Net Income 2013: -$1,334,1362013Revenue 2014: $6,779,357Expenses 2014: $2,007,484Net Income 2014: $4,771,8732014Revenue 2015: $929,714Expenses 2015: $1,526,561Net Income 2015: -$596,8472015Revenue 2016: $2,133,494Expenses 2016: $1,703,705Net Income 2016: $429,7892016Revenue 2017: $2,240,712Expenses 2017: $1,179,855Net Income 2017: $1,060,8572017Revenue 2018: $9,258,420Expenses 2018: $1,266,674Net Income 2018: $7,991,7462018Revenue 2019: $1,806,156Expenses 2019: $1,432,098Net Income 2019: $374,0582019Revenue 2020: $1,570,611Expenses 2020: $1,464,343Net Income 2020: $106,2682020Revenue 2021: $1,097,185Expenses 2021: $1,601,550Net Income 2021: -$504,3652021Revenue 2022: $4,712,410Expenses 2022: $1,883,229Net Income 2022: $2,829,1812022Revenue 2023: $6,650,686Expenses 2023: $2,977,854Net Income 2023: $3,672,8322023Revenue 2024: $6,113,167Expenses 2024: $3,593,533Net Income 2024: $2,519,6342024

Highlighted filing

2022

Revenue$4,712,410
Expenses$1,883,229
Net Income$2,829,181
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 6, 2023
Return Version
2021v4.2
Gross Receipts
$18,491,541
Mission and Program Overview

Mission

To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,336,741$57,358,115▲ $33,021,374
Savings and Temporary Cash Investments$5,293,211$4,905,615▼ $387,596
Pledges and Grants Receivable$2,713,646$1,704,185▼ $1,009,461
Investments Program Related$116,915$138,102▲ $21,187
Accounts Receivable$50,149$77,012▲ $26,863
Prepaid Expenses and Deferred Charges$11,313$8,883▼ $2,430
Cash and Non-Interest-Bearing Accounts$15,428$8,250▼ $7,178
Intangible Assets$3,717$4,855▲ $1,138
Total Assets$32,541,120$64,205,017▲ $31,663,897
Liabilities
Accounts Payable and Accrued Expenses-$9,172-
Total Liabilities$0$9,172▲ $9,172
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,449,834$63,940,713▲ $31,490,879
Net Assets Without Donor Restrictions$91,286$255,132▲ $163,846
Total Net Assets Fund Balance$32,541,120$64,195,845▲ $31,654,725
Total Liabilities and Net Assets / Fund Balance$32,541,120$64,205,017▲ $31,663,897

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$72,307,589$982,076▼ $8,095,958-$63,940,713
2020$29,807,195$299,283▲ $3,585,860-$32,449,833
2019$31,262,206$239,980▼ $578,882-$29,807,195
2018$32,362,861$863,673▼ $902,616$523,108$31,262,206
2017$24,020,481$7,185,360▲ $2,122,040$395,370$32,362,861
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Stephen GustafsonChairman
Kevin O'ConnellVice Chairman
Anthony InmanTrustee
Darrell ColemanTrustee
Erwin DavenportTrustee
Kay YeagerTrustee
Mac Cannedy JrTrustee
Martha FainTrustee
Warren AyresTrustee
William FordTrustee
Teresa CavesSecretary
David WelchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
American National BankInvestment Services2732 Midwestern Parkway, Wichita Falls, TX 76308$175,340
StifelInvestment Services2525 Kell Blvd, Wichita Falls, TX 76308$130,934
Freemon Shapard & StoryAccounting, Bookkeeping & Tax Services807 8th St 2nd Floor, Wichita Falls, TX 76301$110,160
Revenue and Support

Revenue Composition

Contributions and Grants
$982,076
Program Service Revenue
$0
Investment Income
$3,728,325
Other Revenue
$2,009
All Other Contributions
$982,076
Change in Net Assets
$2,829,181

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,406,137
Revenue Not Reported on Financial Statements
$306,273
Revenue Not Reported on Form 990
$-11,032,212
Other Revenue Adjustments
$306,273
Total Revenue per Audited Statements
$-6,626,075
Total Revenue per Form 990
$4,712,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,284,704
Other Expenses$598,525
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,284,704--$1,284,704
Fees for Service Investment Mgmnt Fees-$306,273-$306,273
Fees for Services Accounting-$128,622-$128,622
Other Expenses-$893-$893
All Other Expenses-$46-$46
Total Functional Expenses$1,284,704$598,525$0$1,883,229

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,883,229
Expenses per Audited Statements$1,576,956
Total Expenses per Audited Statements$1,576,956
Expenses Not Reported on Financial Statements$306,273
Other Expense Adjustments$306,273
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Midwestern State UniversityWichita Falls, TX170(b)(1)(A)(vi)Funds to be expended on special projects of the University as designated in the fund agreements.$754,094
Midwestern State UniversityWichita Falls, TX170(b)(1)(A)(vi)Funds to be expended on scholarships as designated in scholarship agreements.$530,610
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of the 990 is received and reviewed for accuracy and completeness by the Chairman and Board before filing.”

Form 990, Part VI, Section B, line 12C

“Interested persons annually review and sign the conflict of interest policy and statement.”

Form 990, Part VI, Section C, line 19

“The organization makes information available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Midwestern State University Foundation
EIN
75-1101337
Phone
9403224436
Address
807 8th Street 2nd Floor, Wichita Falls, TX 76301-3381

Signing Officer

Name
Stephen Gustafson
Title
Chairman/Trustee
Phone
9403224436
Signed
2023-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Gustafson
Formed
1960
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Freemon Shapard & Story
Address
807 8th Street 2nd Floor, Wichita Falls, TX 76301-3381
Preparer
Mac Cannedy
Phone
9403224436
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Merger - MSU Charitable Trust assets 39,857,756.”

Form 990, Part XII, Line 2C:

“No change from prior year.”

Schedule D Part V Line 1A Current Year

“Upon approval from both entities, the MSU Charitable Trust merged into the original MSU Foundation September 1, 2021. The beginning of year balance reflects the resulting assets of the Foundation after the merger.”

Financial Statement Notes

Part V, Line 4:

“Endowment funds will be held/used in accordance with individual fund donor agreements.”

Part XI, Line 4B - Other Adjustments:

“Investment fees reported as deduction from revenue 306,273.”

Part XII, Line 4B - Other Adjustments:

“Investment fees reported as deduction from revenue 306,273.”

Raw XML AppendixShowing 400 of 515 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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IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt03717
IRS990/IntangibleAssetsGrp/EOYAmt04855
IRS990/InvestmentIncomeGrp/ExclusionAmt0999888
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0999888
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0116915
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0138102
IRS990/InvestmentsPubTradedSecGrp/BOYAmt024336741
IRS990/InvestmentsPubTradedSecGrp/EOYAmt057358115
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013779131
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt032541120
IRS990/NetAssetsOrFundBalancesEOYAmt064195845
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02728437
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02728437
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-11032212
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt091286
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0255132
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt039857756
IRS990/OtherExpensesGrp/Desc0MSU Admin Fees
IRS990/OtherExpensesGrp/Desc1Taxes Foreign
IRS990/OtherExpensesGrp/Desc2Adr Fees
IRS990/OtherExpensesGrp/Desc3Taxes Ad Valorem
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0136560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt122212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23919
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3893
IRS990/OtherExpensesGrp/TotalAmt0136560
IRS990/OtherExpensesGrp/TotalAmt122212
IRS990/OtherExpensesGrp/TotalAmt23919
IRS990/OtherExpensesGrp/TotalAmt3893
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02713646
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01704185
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011313
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08883
IRS990/PrincipalOfficerNm0Stephen Gustafson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Funding of various special projects of the University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0754094
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0754094
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0299283
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01274305
IRS990/PYInvestmentIncomeAmt0796674
IRS990/PYOtherExpensesAmt0327245
IRS990/PYOtherRevenueAmt01228
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-504365
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01601550
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01097185
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02829181
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02009
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02009
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05293211
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04905615
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0982076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0299283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0239980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0863673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07185360
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09570372
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01001898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0426179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0721070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0737124
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0504900
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03391171
IRS990ScheduleA/PublicSupportCY170Pct00.39860
IRS990ScheduleA/PublicSupportPY170Pct00.46400
IRS990ScheduleA/PublicSupportTotal170Amt05166878
IRS990ScheduleA/SubstantialContributorsTotAmt04403494
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0982076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0299283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0239980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0863673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07185360
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09570372
IRS990ScheduleA/TotalSupportAmt012961543
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.04541
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt072307589
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0982076
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt063940713
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01252994
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-8095958
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt029807195
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0299283
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt032449833
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01242505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03585860
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt031262206
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0239980
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt029807195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01116109
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578882
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt032362861
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0863673
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt031262206
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0538603
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-902616
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0523108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt024020481
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt07185360
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt032362861
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0569650
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02122040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0395370
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0306273
IRS990ScheduleD/ExpensesSubtotalAmt01576956
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-11032212
IRS990ScheduleD/OtherExpensesNotIncludedAmt0306273
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0306273
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.84669
IRS990ScheduleD/RevenueNotReportedAmt0-11032212
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0306273
IRS990ScheduleD/RevenueSubtotalAmt04406137
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds will be held/used in accordance with individual fund donor agreements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Investment fees reported as deduction from revenue 306,273.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Investment fees reported as deduction from revenue 306,273.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.10790
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01883229
IRS990ScheduleD/TotalRevenuePerForm990Amt04712410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-6626075
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01576956
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0530610
IRS990ScheduleI/RecipientTable/CashGrantAmt1754094
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(b)(1)(A)(vi)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1170(b)(1)(A)(vi)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Funds to be expended on scholarships as designated in scholarship agreements.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Funds to be expended on special projects of the University as designated in the fund agreements.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Midwestern State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Midwestern State University
IRS990ScheduleI/RecipientTable/RecipientEIN0756001738
IRS990ScheduleI/RecipientTable/RecipientEIN1756001738

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,205,017
Liabilities
$9,172
Net assets
$64,195,845
Revenue
$4,712,410
Expenses
$1,883,229
Net income
$2,829,181
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.9$0.00$79.9$6.11$3.59$2.52
2023Detailed filing. Detailed filing data is available for this year.$71.3$0.00$71.3$6.65$2.98$3.67
2022Detailed filing. Detailed filing data is available for this year.$64.2$0.01$64.2$4.71$1.88$2.83
2021Detailed filing. Detailed filing data is available for this year.$32.5$0.00$32.5$1.10$1.60$0.50
2020Detailed filing. Detailed filing data is available for this year.$29.7$0.00$29.7$1.57$1.46$0.11
2019Summary only. Only limited summary data is available for this year.$31.1$0.01$31.0$1.81$1.43$0.37
2018Summary only. Only limited summary data is available for this year.$32.1$0.02$32.1$9.26$1.27$7.99
2017Summary only. Only limited summary data is available for this year.$23.7$0.00$23.7$2.24$1.18$1.06
2016Summary only. Only limited summary data is available for this year.$22.3$0.02$22.3$2.13$1.70$0.43
2015Summary only. Only limited summary data is available for this year.$21.7$0.01$21.7$0.93$1.53$0.60
2014Summary only. Only limited summary data is available for this year.$23.9$0.00$23.9$6.78$2.01$4.77
2013Summary only. Only limited summary data is available for this year.$17.5$0.01$17.5$0.85$2.18$1.33
2012Summary only. Only limited summary data is available for this year.$17.1$0.12$16.9$2.47$1.37$1.10
2011Summary only. Only limited summary data is available for this year.$16.0$0.03$16.0$3.17$1.15$2.01