Civic Intelligence

Midwestern State University Foundation Inc.

990 • Fiscal year 2023 • EIN 75-1101337

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 10, 2024

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

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

3rd percentile

0.00x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

41%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$71,288,656

Up $7,083,639 (+11%) from 2022

Net Assets

Up

$71,288,656

Up $7,092,811 (+11%) from 2022

Liabilities

Down

$0

Down $9,172 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin93rd percentile

Revenue

Up

$6,650,686

Up $1,938,276 (+41%) from 2022

Expenses

Up

$2,977,854

Up $1,094,625 (+58%) from 2022

Net Income

Up

$3,672,832

Up $843,651 (+30%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2023

Assets$71,288,656
Liabilities$0
Net Assets$71,288,656
Open 2023 Filing

Operations Trend

Revenue Growth88th 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

2023

Revenue$6,650,686
Expenses$2,977,854
Net Income$3,672,832
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 10, 2024
Return Version
2022v5.0
Gross Receipts
$19,168,916
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$57,358,115$66,821,027▲ $9,462,912
Savings and Temporary Cash Investments$4,905,615$3,334,544▼ $1,571,071
Pledges and Grants Receivable$1,704,185$838,016▼ $866,169
Investments Program Related$138,102$168,293▲ $30,191
Accounts Receivable$77,012$80,408▲ $3,396
Cash and Non-Interest-Bearing Accounts$8,250$30,346▲ $22,096
Prepaid Expenses and Deferred Charges$8,883$10,431▲ $1,548
Intangible Assets$4,855$5,591▲ $736
Total Assets$64,205,017$71,288,656▲ $7,083,639
Liabilities
Accounts Payable and Accrued Expenses$9,172--
Total Liabilities$9,172$0▼ $9,172
Net Assets / Fund Balance
Net Assets With Donor Restrictions$63,940,713$70,709,956▲ $6,769,243
Net Assets Without Donor Restrictions$255,132$578,700▲ $323,568
Total Net Assets Fund Balance$64,195,845$71,288,656▲ $7,092,811
Total Liabilities and Net Assets / Fund Balance$64,205,017$71,288,656▲ $7,083,639

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$63,344,932$3,686,058▲ $5,291,880-$70,024,872
2021$71,518,250$982,076▼ $7,902,400-$63,344,932
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
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Kevin O'ConnellChairman
Anthony InmanVice Chairman
Butch FordTrustee
Darrell ColemanTrustee
Erwin DavenportTrustee
Kay YeagerTrustee
Mac Cannedy JrTrustee
Martha FainTrustee
Reno GustafsonTrustee
Warren AyresTrustee
Teresa CavesSecretary
David WelchTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
American National Bank (CYE 123122)Investment Services2732 Midwestern Parkway, Wichita Falls, TX 76308$175,993
Stifel (CYE 123122)Investment Services2525 Kell Blvd, Wichita Falls, TX 76308$121,093
Freemon Shapard & Story (CYE 123122)Accounting Services807 8th Street 2nd Floor, Wichita Falls, TX 76301$120,660
Revenue and Support

Revenue Composition

Contributions and Grants
$3,686,058
Program Service Revenue
$0
Investment Income
$2,962,910
Other Revenue
$1,718
All Other Contributions
$3,686,058
Change in Net Assets
$3,672,832

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$69,715Fair Market Value
Total Noncash Contributions2$69,715-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,650,686
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,419,979
Total Revenue per Audited Statements
$10,070,665
Total Revenue per Form 990
$6,650,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,389,369
Other Expenses$588,485
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,389,369--$2,389,369
Fees for Service Investment Mgmnt Fees-$277,129-$277,129
Fees for Services Accounting-$113,000-$113,000
Other Expenses-$1,950-$1,950
Office Expenses-$223-$223
All Other Expenses-$23-$23
Total Functional Expenses$2,389,369$588,485$0$2,977,854

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,977,854
Total Expenses per Audited Statements$2,977,854
Total Expenses per Form 990$2,977,854
Expenses Not Reported on Financial Statements$0
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.$1,422,836
Midwestern State UniversityWichita Falls, TX170(b)(1)(A)(vi)Funds to be expended on scholarships as designated in scholarship agreements.$966,533
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
Kevin O'Connell
Title
Chairman/Trustee
Phone
9403224436
Signed
2024-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin O'Connell
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 XII, Line 2C:

“No change from prior year.”

Schedule D Part V Line 1A Prior Year

“Upon approval from both entities, the MSU Charitable Trust merged into the original MSU Foundation September 1, 2021. The beginning of the 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.”

Raw XML AppendixShowing 400 of 513 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt04855
IRS990/IntangibleAssetsGrp/EOYAmt05591
IRS990/InvestmentIncomeGrp/ExclusionAmt01402437
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01402437
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0138102
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0168293
IRS990/InvestmentsPubTradedSecGrp/BOYAmt057358115
IRS990/InvestmentsPubTradedSecGrp/EOYAmt066821027
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012518230
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/NetAssetsOrFundBalancesBOYAmt064195845
IRS990/NetAssetsOrFundBalancesEOYAmt071288656
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01560473
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01560473
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03419979
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0255132
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0578700
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt069715
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0223
IRS990/OfficeExpensesGrp/TotalAmt0223
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MSU Admin Fees
IRS990/OtherExpensesGrp/Desc1Taxes Foreign
IRS990/OtherExpensesGrp/Desc2Adr Fees
IRS990/OtherExpensesGrp/Desc3Taxes Ad Valorem
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0174131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117507
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24522
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31950
IRS990/OtherExpensesGrp/TotalAmt0174131
IRS990/OtherExpensesGrp/TotalAmt117507
IRS990/OtherExpensesGrp/TotalAmt24522
IRS990/OtherExpensesGrp/TotalAmt31950
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01704185
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0838016
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08883
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010431
IRS990/PrincipalOfficerNm0Kevin O'Connell
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Funding of various special projects of the University.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01422836
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01422836
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0982076
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01284704
IRS990/PYInvestmentIncomeAmt03728325
IRS990/PYOtherExpensesAmt0598525
IRS990/PYOtherRevenueAmt02009
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02829181
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01883229
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04712410
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03672832
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt01718
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt01718
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04905615
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03334544
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03686058
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0982076
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0299283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0863673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06071070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01404155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01001898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0426179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0721070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0737124
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04290426
IRS990ScheduleA/PublicSupportCY170Pct00.37660
IRS990ScheduleA/PublicSupportPY170Pct00.39860
IRS990ScheduleA/PublicSupportTotal170Amt03902107
IRS990ScheduleA/SubstantialContributorsTotAmt02168963
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03686058
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0982076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0299283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0863673
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06071070
IRS990ScheduleA/TotalSupportAmt010361496
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/BoardDesignatedBalanceEOYPct00.04394
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt063344932
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03686058
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt070024872
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02297998
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt05291880
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt071518250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0982076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt063344932
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01252994
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-7902400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt029807195
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0299283
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt032449833
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01242505
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03585860
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt031262206
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0239980
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt029807195
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01116109
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578882
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt032362861
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0863673
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt031262206
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0538603
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-902616
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0523108
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02977854
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03419979
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.81755
IRS990ScheduleD/RevenueNotReportedAmt03419979
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06650686
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds will be held/used in accordance with individual fund donor agreements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.13851
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02977854
IRS990ScheduleD/TotalRevenuePerForm990Amt06650686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010070665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02977854
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0966533
IRS990ScheduleI/RecipientTable/CashGrantAmt11422836
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
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03410 Taft Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13410 Taft Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wichita Falls
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Wichita Falls
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,288,656
Liabilities
$0
Net assets
$71,288,656
Revenue
$6,650,686
Expenses
$2,977,854
Net income
$3,672,832
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