Civic Intelligence

The M S U Charitable Trust

EIN 75-6385513 • 501(c)3 • Wichita Falls, TX

Profile

The trust is operated for the exclusive support of Midwestern State University, an educational organization within the meaning of Sec. 170(b)(1)(A) of the Internal Revenue Code of 1986.

2732 Midwestern ParkwayWichita Falls, TX 76308

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

1st percentile

-275%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-3.3%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-78%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$0

Down $24,903,732 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $24,903,732 (-100%) from 2020

Operations
Liabilities / Revenue6th percentileNet Margin1st percentile

Revenue

Up

$4,473,774

Up $4,165,405 (+1351%) from 2020

Expenses

Up

$2,448,440

Up $1,290,601 (+111%) from 2020

Net Income

Up

$2,025,334

Up $2,874,804 (+338%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $20,693,775Liabilities 2011: $0Net Assets 2011: $20,693,7752011Assets 2012: $20,240,725Liabilities 2012: $0Net Assets 2012: $20,240,7252012Assets 2013: $20,715,265Liabilities 2013: $0Net Assets 2013: $20,715,2652013Assets 2014: $21,875,033Liabilities 2014: $0Net Assets 2014: $21,875,0332014Assets 2015: $23,115,161Liabilities 2015: $0Net Assets 2015: $23,115,1612015Assets 2016: $22,982,251Liabilities 2016: $0Net Assets 2016: $22,982,2512016Assets 2017: $23,621,313Liabilities 2017: $0Net Assets 2017: $23,621,3132017Assets 2018: $25,557,680Liabilities 2018: $0Net Assets 2018: $25,557,6802018Assets 2019: $25,753,202Liabilities 2019: $0Net Assets 2019: $25,753,2022019Assets 2020: $24,903,732Liabilities 2020: $0Net Assets 2020: $24,903,7322020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $999,525Expenses 2011: $911,516Net Income 2011: $88,0092011Revenue 2012: $689,925Expenses 2012: $1,142,976Net Income 2012: -$453,0512012Revenue 2013: $1,406,968Expenses 2013: $932,427Net Income 2013: $474,5412013Revenue 2014: $2,263,298Expenses 2014: $1,103,530Net Income 2014: $1,159,7682014Revenue 2015: $2,298,624Expenses 2015: $1,058,496Net Income 2015: $1,240,1282015Revenue 2016: $1,004,146Expenses 2016: $1,137,056Net Income 2016: -$132,9102016Revenue 2017: $1,894,778Expenses 2017: $1,249,300Net Income 2017: $645,4782017Revenue 2018: $2,548,661Expenses 2018: $612,146Net Income 2018: $1,936,5152018Revenue 2019: $1,399,536Expenses 2019: $1,204,014Net Income 2019: $195,5222019Revenue 2020: $308,369Expenses 2020: $1,157,839Net Income 2020: -$849,4702020Revenue 2021: $4,473,774Expenses 2021: $2,448,440Net Income 2021: $2,025,3342021

Highlighted filing

2021

Revenue$4,473,774
Expenses$2,448,440
Net Income$2,025,334
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$4,473,774
Expenses
$2,448,440
Net income
$2,025,334
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.47$2.45$2.03
2020Detailed filing. Detailed filing data is available for this year.$24.9$0.00$24.9$0.31$1.16$0.85
2019Summary only. Only limited summary data is available for this year.$25.8$0.00$25.8$1.40$1.20$0.20
2018Summary only. Only limited summary data is available for this year.$25.6$0.00$25.6$2.55$0.61$1.94
2017Summary only. Only limited summary data is available for this year.$23.6$0.00$23.6$1.89$1.25$0.65
2016Summary only. Only limited summary data is available for this year.$23.0$0.00$23.0$1.00$1.14$0.13
2015Summary only. Only limited summary data is available for this year.$23.1$0.00$23.1$2.30$1.06$1.24
2014Summary only. Only limited summary data is available for this year.$21.9$0.00$21.9$2.26$1.10$1.16
2013Summary only. Only limited summary data is available for this year.$20.7$0.00$20.7$1.41$0.93$0.47
2012Summary only. Only limited summary data is available for this year.$20.2$0.00$20.2$0.69$1.14$0.45
2011Summary only. Only limited summary data is available for this year.$20.7$0.00$20.7$1.00$0.91$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 21, 2022
Return Version
2020v4.2
Gross Receipts
$10,494,437
Mission and Program Overview

Mission

The trust is operated for the exclusive support of Midwestern State University, an educational organization within the meaning of Sec. 170(b)(1)(A) of the Internal Revenue Code of 1986.

The trust is operated for the exclusive support of Midwestern State University. The trust allows the university to meet special needs which may not be supported through appropriation from the state of Texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$24,903,732$0▼ $24,903,732
Investments in Publicly Traded Securities$23,352,862$0▼ $23,352,862
Savings and Temporary Cash Investments$819,616$0▼ $819,616
Accounts Receivable$240,854$0▼ $240,854
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$24,903,732$0▼ $24,903,732
Other Assets Total$490,400$0▼ $490,400
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,903,732$0▼ $24,903,732
Total Liabilities and Net Assets / Fund Balance$24,903,732$0▼ $24,903,732

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$24,903,732$21,155▲ $4,452,619$26,929,066-
2020$25,753,202$533,130▼ $224,761-$24,903,732
2019$25,557,680$60,250▲ $1,339,287-$25,753,202
2018$23,621,313$500,950▲ $2,047,711-$25,557,680
2017$22,982,251-▲ $1,894,779-$23,621,313
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
-TrusteePT$217,418$217,418

Board Members and Trustees

NameTitle
Caven CrosnoeTrustee
Erwin DavenportTrustee
Kay P YeagerTrustee
Mac CannedyTrustee
Martha FainTrustee
Suzanne ShipleyTrustee
Warren AyresTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$21,155
Program Service Revenue
$0
Investment Income
$4,452,619
Other Revenue
$0
All Other Contributions
$21,155
Change in Net Assets
$2,025,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,161,633
Salaries, Compensation, and Employee Benefits$217,418
Other Expenses$69,389
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,161,633--$2,161,633
Current Officers, Directors, Trustees, and Key Employees-$217,418-$217,418
Fees for Services Accounting-$58,700-$58,700
Fees for Services Legal-$2,175-$2,175
Other Expenses-$53-$53
Total Functional Expenses$2,161,633$286,807$0$2,448,440
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Midwestern State UniversityWichita Falls, TXState of TexasTo support the activities of Midwestern State University as identified by the MSU Board of Regents.$2,161,633
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“The trust is governed by the university in that the supervision and control of the organization's Board of Trustees rests in the Board of Regents of the University. The Board of Regents appoints trustees.”

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

“Committees are not applicable to this organization.”

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

“Copies are forwarded to appropriate persons for review.”

Form 990, Part VI, Section B, line 15

“This organization does not have a process for determining compensation because the trustees are not compensated by the trust for their fiduciary services to the trust. American Natl Bank & Trust,a trustee, is compensated for the trust and investment services it provides through its trust department. The amount of compensation for these services is determined using its customary billing process. One of the trustees receives compensation from the supported organization for her services to that organization. The supported organization determines the amount of compensation through its own processes.”

Form 990, Part VI, Section C, line 19

“The trust makes its governing documents and financial documents available to the public upon request. Information about the trust and a telephone number for the Vice President for University Advancement and Student Affairs to request more information about the trust is available on Midwestern State University's web site at www.mwsu.edu/universityadvancement/charitable-trust.”

Filing and Contact Details

Filer

Filer Name
The MSU Charitable Trust
EIN
75-6385513
Phone
9403972371
Address
2732 Midwestern Parkway, Wichita Falls, TX 76308

Signing Officer

Name
Kelly Smith
Title
VP - American Natl Bank & Trust
Phone
9403972371
Signed
2022-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Smith
Formed
1989
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
5
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

Part XI, Line 9

“All assets of the MSU Charitable Trust were transferred to the Midwestern State University Foundation (a 501(c)(3) organization) on August 31, 2021.”

Financial Statement Notes

Part V, Line 4:

“The intended use of the Trust's endowment funds is the exclusive support of the on-going needs of Midwestern State University as identified by Midwestern State University's Board of Regents.”

Raw XML AppendixShowing 400 of 496 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/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt024903732
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0819616
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Midwestern State University does not have an IRS determination letter. It is not required to obtain recognition of its public charity status since it is a State university.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A Line 2
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0756001738
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02161633
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Midwestern State University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02161633
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/CYEndwmtFundGrp/AdministrativeExpensesAmt0286807
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt024903732
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt021155
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02161633
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt04452619
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt026929066
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0208091
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt025753202
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0533130
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt024903732
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0949748
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-224761
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0201882
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025557680
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt060250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt025753202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01002133
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01339287
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0197944
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt023621313
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500950
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025557680
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0414350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02047711
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0187207
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt022982251
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt023621313
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01068510
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01894779
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The intended use of the Trust's endowment funds is the exclusive support of the on-going needs of Midwestern State University as identified by Midwestern State University's Board of Regents.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt02161633
IRS990ScheduleI/RecipientTable/IRCSectionDesc0State of Texas
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support the activities of Midwestern State University as identified by the MSU Board of Regents.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Midwestern State University
IRS990ScheduleI/RecipientTable/RecipientEIN0756001738
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03410 Taft Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wichita Falls
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076308
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The trustees monitor the use of grant funds through reports and direct observation in conjunction with the Board of Regents.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0296933
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Suzanne Shipley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Trustee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0296933
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Stocks and Bonds
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Midwestern State University Foundation Inc
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0751101337
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt039855844
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0Publicly traded securities
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0807 8th Street 2nd Floor
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Wichita Falls
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0763013381
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0Person(s) Involved: Warren AyersMac CannedyErwin DavenportMartha FainKay Yeager
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1Explanation of Involvement: The persons listed were trustees for the Charitable Trust, and will serve on the Board of the Midwestern State University Foundation.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2e:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 2e:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The trust is governed by the university in that the supervision and control of the organization's Board of Trustees rests in the Board of Regents of the University. The Board of Regents appoints trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Committees are not applicable to this organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Copies are forwarded to appropriate persons for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3This organization does not have a process for determining compensation because the trustees are not compensated by the trust for their fiduciary services to the trust. American Natl Bank & Trust,a trustee, is compensated for the trust and investment services it provides through its trust department. The amount of compensation for these services is determined using its customary billing process. One of the trustees receives compensation from the supported organization for her services to that organization. The supported organization determines the amount of compensation through its own processes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The trust makes its governing documents and financial documents available to the public upon request. Information about the trust and a telephone number for the Vice President for University Advancement and Student Affairs to request more information about the trust is available on Midwestern State University's web site at www.mwsu.edu/universityadvancement/charitable-trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All assets of the MSU Charitable Trust were transferred to the Midwestern State University Foundation (a 501(c)(3) organization) on August 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Midwestern State University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0756001738
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03410 Taft Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Wichita Falls
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX

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