2024-05-07T16:55:34-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 731209617 NORTHEASTERN OKLAHOMA A&M DEVELOPMENT FOUNDATION NORT 9185406311 200 I STREET NE MIAMI OK 74354 ROB KIMBROUGH TREASURER 9185406311 2024-05-06 1 ROB KIMBROUGH XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB KIMBROUGH 200 I STREET NE MIAMI OK 74354 1361555 0 X N/A X 1983 OK TO SUPPORT STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, BUILDING PROJECTS, AND CAMPUS ACTIVITIES. 18 18 0 75 0 0 378409 928769 27769 0 291357 210412 1120 345 698655 1139526 280420 247861 0 0 8651 0 0 0 22075 261492 496626 550563 744487 148092 395039 8513280 9314579 860328 703535 7652952 8611044 THE FOUNDATION EXISTS TO RAISE FUNDS FOR SCHOLARSHIPS AND SUPPORT CAMPUS PROJECTS AND INITIATIVES AT NORTHEASTERN OKLAHOMA A&M COLLEGE. 0 0 560394 247861 0 THE NEO DEVELOPMENT FOUNDATION'S MISSION IS TO SECURE CHARITABLE GIFTS AND ACHIEVE LONG-TERN GROWTH OF FOUNDATION ASSETS WHICH PROVIDE FINANCIAL RESOURCES AND ENHANCED EDUCATION OPPORTUNITIES THROUGH SCHOLARSHIPS, SUPPLEMENTING STUDENT ROOM COSTS, STUDENT ACTIVITIES AND PROGRAMS FOR NEO A&M COLLEGE STUDENTS AND FACULTY.THE FOUNDATION AWARDED 252 STUDENTS WITH $247,861. DURING THE FISCAL YEAR 2023. 560394 1 1 0 0 0 0 0 1 1 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 OK X DAVID OWEN 9155406250 200 I STREET NE MIAMI OK 74354 X TOMMY DODSON CHAIR 5.00 X X 0 0 0 SONDRA HOLT VICE CHAIR 5.00 X X 0 0 0 RICK VANDAVEER TREASURER 5.00 X X 0 0 0 DAVID THOMAS PAST CHAIRMAN 2.00 X X 0 0 0 STEVE BASHORE TRUSTEE 2.00 X 0 0 0 CARMEN COUCH TRUSTEE 2.00 X 0 0 0 JAMI JONES TRUSTEE 2.00 X 0 0 0 ROB KIMBROUGH TRUSTEE 2.00 X 0 0 0 STEPHEN KROPP TRUSTEE 2.00 X 0 0 0 KASSIE MCCOY TRUSTEE 2.00 X 0 0 0 TAMI MCKEON TRUSTEE 2.00 X 0 0 0 CLARK MCQUIGG TRUSTEE 2.00 X 0 0 0 ANNA MILLIGAN TRUSTEE 2.00 X 0 0 0 JONAS RABEL TRUSTEE 2.00 X 0 0 0 BARRY REYNOLDS TRUSTEE 2.00 X 0 0 0 STEVE TURNBO TRUSTEE 2.00 X 0 0 0 MARCEL WALTHER TRUSTEE 2.00 X 0 0 0 GARY WILLIAMSON TRUSTEE 2.00 X 0 0 0 DAVID OWEN EXECUTIVE DIRECTOR 37.00 X 0 0 0 0 0 0 0 0 0 1 0 52405 265052 611312 928769 196059 196059 215314 200961 14353 14353 14353 21068 52405 21068 0 OTHER INCOME 900099 345 345 345 1139526 0 0 210757 247861 247861 27904 27904 34200 34200 26708 5461 21247 16318 1632 14686 11780 4985 6795 2472 884 1588 18241 18241 488 49 439 OTHER EXPENSES 358515 304507 40316 13692 744487 560394 162018 22075 970134 1259001 17187 35889 20022 115008 0 65008 115008 6621832 7226491 839119 658168 8513280 9314579 2000 404350 373450 455978 328085 860328 703535 X 1574697 2145439 6078255 6465605 7652952 8611044 8513280 9314579 395039 563053 0 X X 0 1 X 1 0 X 487727 835302 412954 378409 928769 3043161 487727 835302 412954 378409 928769 3043161 810192 2232969 153132 250573 113811 159346 196059 872921 18420 4526 21413 44359 3960441 27769 0.56380 0.65110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000 X 0 0 1 X 5874758 64247 501066 210919 -118457 6347609 6294698 173737 -499540 111273 -17136 5874758 5212143 108946 1149072 136840 38623 6294698 4412118 635679 237422 65576 7500 5212143 4056178 233080 205053 82193 4412118 0.00000 0.63351 0.36648 0 0 60000 60000 8310 8310 46698 46698 115008 FINANCE LEASE RECEIVABLES 658168 658168 X 1821154 563053 131707 694760 1126394 34200 -21068 13132 1139526 863062 131707 131707 731355 34200 -21068 13132 744487 PART III, LINE 4: ORGANIZATION'S COLLECTIONS AND THEIR EXEMPT PURPOSE: THE ORGANIZATION HELD A PIECE OF ARTWORK FROM ITS FORMER CHAIR OF DEPARTMENT AT NEO. THIS ARTWORK IS DISPLAYED AT THE COLLEGE'S ART GALLERY. PART IV, LINE 2B: THE FOUNDATION MAINTAINS CUSTODY AND SERVICES THE FUNDS OF VARIOUS STUDENT CLUBS AND ORGANIZATIONS OF THE COLLEGE. ALTHOUGH THESE FUNDS ARE ADMINISTERED BY THE FOUNDATION, THE FOUNDATION DOES NOT EXERCISE CONTROL OVER THE FUNDS. ACCORDINGLY, THESE AMOUNTS ARE PRESENTED AS LIABILITIES. PART V, LINE 4: THE FOUNDATIONS ENDOWMENT CONSISTS OF APPROXIMATELY 65 ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIP FUNDING. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS TO PROVIDE FOR GROWTH AND A PREDICTABLE LEVEL OF FUNDING TO THE COLLEGE TO ENABLE IT TO MAINTAIN, IMPROVE AND EXPAND ITS FACILITIES AND PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION EVALUATED ITS TAX POSITION AND DETERMINED THAT IS HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -21,068. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -21,068. ANNUAL GALA 73473 52405 21068 0 178 10878 300 9712 73473 52405 21068 178 10878 300 9712 21068 0 1 SCHOLARSHIPS 252 247861 0 N/A N/A PART I, LINE 2: SCHOLARSHIP APPLICATIONS ARE COMPLETED BY ELIGIBLE STUDENTS BASED ON THE REQUIREMENTS. A COMMITTEE REVIEWS THE APPLICATIONS AND MAKES THE AWARDS. DETAILED RECORDS OF WHO RECEIVES WHAT AWARDS AND THE AMOUNT ARE MAINTAINED. ALL PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE AND APPLIED TO THE STUDENT'S BURSAR ACCOUNTS. 0 0 0 0 0 0 0 0 0 FORM 990, PART VII, SECTION A, LINE 5: ALL OFFICERS WERE COMPENSATED BY NORTHEASTERN OKLAHOMA A&M UNIVERSITY, AN UNRELATED ORGANIZATION FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION. NAME: DAVID OWEN, ROLE: OFFICER, TITLE: EXECUTIVE DIRECTOR BASE COMPENSATION: $55,651, OTHER COMPENSATION: $8,487 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON THE AUDITED FINANCIAL STATEMENTS AND INFORMATION PROVIDED BY THE ACCOUNTING DEPARTMENT OF THE ORGANIZATION. THE FOUNDATION ACCOUNTANT AND TREASURER REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS THEIR WRITTEN CONFLICT OF INTEREST POLICY AND ENFORCES COMPLIANCE WITH THE POLICY AND REVIEWS THE POLICY FOR UPDATES AS NECESSARY. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. WHEN A CONFLICT DOES ARISE, THEY ARE REQUIRED TO DISCLOSE THE POTENTIAL CONFLICT OF INTEREST AND REMOVE THEMSELVES FROM THE DISCUSSION AND VOTING ON THE MATTER OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION'S SALARIES ARE PAID FOR BY THE COLLEGE AND AS SUCH ARE DETERMINED BY THE NORTHEASTERN OKLAHOMA A&M COLLEGE SALARY SCALE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.