2024-04-03T13:05:49-05:00 2023-06-30 731185089 ARLEDGE & ASSOCIATES PC 7100 N CLASSEN BLVD STE 200 OKLAHOMA CITY OK 73116 990 2022-07-01 736108032 UNIVERSITY OF CENTRAL OKLAHOMA FOUNDATION UNIV 4059742770 100 NORTH UNIVERSITY DRIVE EDMOND OK 73034 ART COTTON PRESIDENT 4059742770 2024-02-18 1 ART COTTON 999009999 0 JENNIFER LINDSTROM P02083973 4053480615 2024-04-03 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ART COTTON 100 NORTH UNIVERSITY DRIVE EDMOND OK 73034 11525813 0 X WWW.CENTRALCONNECTION.ORG X 1954 OK FUNDING OF COLLEGE SCHOLARSHIPS AND SUPPORT OF UNIVERSITY PROGRAMS. 47 47 0 47 6585 36808 20072988 5718397 60636 60636 2498937 1127681 12312 0 22644873 6906714 10332529 9713588 0 0 0 0 0 0 53946 972201 1542557 11304730 11256145 11340143 -4349431 57594022 57111883 4232173 4966817 53361849 52145066 FUNDING OF COLLEGE SCHOLARSHIPS AND SUPPORT OF UNIVERSITY PROGRAMS. 0 0 10663925 9713588 60636 PROVIDE GIFTS, SCHOLARSHIPS, AND ORGANIZATIONAL SUPPORT TO THE UNIVERSITY OF CENTRAL OKLAHOMA AND ITS STUDENTS. 10663925 1 1 0 0 0 0 0 1 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 47 47 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CO KY ME OK X X X ART COTTON 4059742770 100 NORTH UNIVERSITY DRIVE EDMOND OK 73034 X BRANDON WEBSTER TREASURER 1.00 X X 0 0 0 CAROLYN STAGER DONOR COMMITTEE CHAIR 1.00 X X 0 0 0 EMILY LANG IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JACK EVANS INVESTMENT COMMITTEE CHAIR 1.00 X X 0 0 0 JEFF ATKINS GOVERNANCE COMMITTEE CHAIR 1.00 X X 0 0 0 JOHN BOBB-SEMPLE MEMBER AT-LARGE 1.00 X X 0 0 0 MIKE PATTERSON CHAIRPERSON 1.00 X X 0 0 0 PEGGY KATES SECRETARY 1.00 X X 0 0 0 RANDY ROSS AUDIT COMMITTEE CHAIR 1.00 X X 0 0 0 SHEILA STINSON VICE CHAIR 1.00 X X 0 0 0 TODD RUSSELL TRUSTEE COMMITTEE CHAIR 1.00 X X 0 0 0 ALEXIS LOPRESTO TRUSTEE 1.00 X 0 0 0 ANA CARMINA DANGE TRUSTEE 1.00 X 0 0 0 ANCEL AIRINGTON TRUSTEE 1.00 X 0 0 0 ANN BENJAMIN TRUSTEE 1.00 X 0 0 0 BRIAN DOWNS TRUSTEE 1.00 X 0 0 0 CANDACE 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CALDWELL TRUSTEE 1.00 X 0 0 0 VIOLET FORD TRUSTEE 1.00 X 0 0 0 RUTH BOSS EMERITUS TRUSTEE 0.00 X 0 0 0 GERRY PINKSTON EMERITUS TRUSTEE 0.00 X 0 0 0 DARREN HELM EMERITUS TRUSTEE 0.00 X 0 0 0 JOSH MOORE EMERITUS TRUSTEE 0.00 X 0 0 0 KEITH KERSTEN EMERITUS TRUSTEE 0.00 X 0 0 0 LARRY WESTMORELAND EMERITUS TRUSTEE 0.00 X 0 0 0 BRAD PUMPHREY EMERITUS TRUSTEE 0.00 X 0 0 0 ART COTTON PRESIDENT 35.00 X 0 0 0 0 0 0 0 0 0 0 0 5718397 325190 5718397 JAZZ LAB RENTAL 900099 60636 60636 60636 1509073 6585 1502488 3696651 541056 4609099 10000 -912448 531056 -381392 -381392 6906714 60636 6585 1121096 9713588 9713588 58690 58690 231861 171999 59862 227271 151316 22009 53946 10858 3558 7300 99145 14330 84815 58373 58373 206121 195752 10369 90061 37855 52206 860 860 38839 38839 13371 5374 7997 EXHIBITIONS, SHOWS, SPE 278325 193369 84956 ATHLETIC UNIFORMS 118359 115493 2866 PUBLIC SERVICE 35954 35954 MEMBERSHIP DUES 24786 21771 3015 49683 38660 11023 11256145 10663925 538274 53946 623498 209344 3934595 4374703 1050684 1222671 845540 425970 377131 51864421 51221357 305430 318772 57594022 57111883 1660269 1771878 256828 197057 2315076 2997882 4232173 4966817 X 13020656 6364045 40341193 45781021 53361849 52145066 57594022 57111883 X -4349431 3149528 -16880 X 0 1 X 1 0 X 5467748 4735581 4274564 18726950 5228972 38433815 1382122 1351614 1256844 1346205 1501354 6838139 6849870 6087195 5531408 20073155 6730326 45271954 8271262 37000692 1096117 946783 840169 1257060 1752207 5892336 25133 76990 28460 5585 136168 2256 2256 51302714 0.72120 0.76160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 0 1 X 34830647 3263643 3502981 2100716 39496555 39358150 1859374 -4834883 1551994 34830647 31434762 2628952 6636389 1341953 39358150 31405419 1101065 364646 1436368 31434762 27377481 3908152 1457612 1337826 31405419 1.00000 1 0 50000 50000 1151836 826305 325531 19235 19235 0 1600 1600 377131 X 11540716 3149528 1501354 4650882 6889834 16880 16880 6906714 12757499 1501354 1501354 11256145 0 11256145 PART III, LINE 4: THE FOUNDATION MAINTAINS VARIOUS COLLECTIONS OF AFRICAN ART, CRYSTALS, ARTIFACTS, MEMORABILIA, AND SIMILAR ASSETS. THESE COLLECTIONS ARE MAINTAINED FOR PUBLIC EXHIBITION, EDUCATION, RESEARCH, AND FURTHERANCE OF PUBLIC SERVICE RATHER THAN FOR FINANCIAL GAIN. THESE ASSETS ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED BY THE UNIVERSITY. AS A MATTER OF POLICY, THE PROCEEDS OF ITEMS IN THE COLLECTIONS THAT ARE SOLD ARE USED TO ACQUIRE OTHER ITEMS FOR COLLECTION. THE FOUNDATION DOES NOT INCLUDE EITHER THE COST OR THE VALUE OF ITS COLLECTIONS IN THE STATEMENT OF FINANCIAL POSITION, NOR DOES IT RECOGNIZE GIFTS OF COLLECTION ITEMS AS REVENUES IN THE STATEMENT OF ACTIVITIES. PART IV, LINE 2B: CUSTODIAL LIABILITIES REPRESENT ASSETS HELD ON BEHALF OF THE UNIVERSITY OF CENTRAL OKLAHOMA ALUMNI ASSOCIATION (THE ALUMNI ASSOCIATION) AND OTHER CAMPUS ORGANIZATIONS FOR WHICH THE FOUNDATION ACTS AS A CUSTODIAN. THE ASSETS HELD ARE INVESTED, AND INVESTMENT INCOME, DISTRIBUTIONS AND OTHER REVENUES AND EXPENSES OF THESE FUNDS INCREASE AND/OR DECREASE THE CARRYING VALUE OF THE ASSET AND CUSTODIAL FUNDS LIABILITY. FOR FINANCIAL REPORTING PURPOSES, DISTRIBUTIONS FROM THE CUSTODIAL FUNDS AND CONTRIBUTIONS TO THE CUSTODIAL FUNDS ARE NOT INCLUDED IN THE EXPENSES AND REVENUE OF THE UNIVERSITY. THE RELATED ASSETS ARE DISTRIBUTABLE TO THE ORGANIZATIONS UPON REQUEST. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 500 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD IN PERPETUITY. THE ENDOWMENT ASSETS ARE INVESTED WITH THE PRIMARY OBJECTIVE OF REALIZING APPRECIATION ON INVESTMENT VALUES AND THE SECONDARY GOAL OF PROVIDING CURRENT INCOME TO SUPPORT UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS ACTIVITIES. AS SUCH, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO TAX UNDER SECTION 511(A) TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION HAS NO MATERIAL UNRELATED BUSINESS TAXABLE INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. FEDERAL AND STATE INCOME TAX STATUTES DICTATE THAT TAX RETURNS FILED IN ANY OF THE PREVIOUS THREE REPORTING PERIODS REMAIN OPEN TO EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST 16,880. 1 UNIVERSITY OF CENTRAL OKLAHOMA 100 N UNIVERSITY DRIVE EDMOND OK 73034 731353314 501(C)(3) 7984941 0 UNIVERSITY SUPPORT UNIVERSITY OF CENTRAL OKLAHOMA 100 N UNIVERSITY DRIVE EDMOND OK 73034 731353314 501(C)(3) 1728647 0 SCHOLARSHIPS 1 0 PART I, LINE 2: SCHOLARSHIPS AND GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. SCHOLARSHIPS AND GRANTS ARE PAID DIRECTLY TO THE UNIVERSITY OF CENTRAL OKLAHOMA FOR ITS STUDENT SCHOLARSHIPS AND OPERATIONS. X 1 231556 FAIR MARKET VALUE X STEINWAY PIANO 1 64900 FAIR MARKET VALUE X AIRLINE TICKETS 1 27734 FAIR MARKET VALUE X WHEELCHAIR 1 1000 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS WILLIAM LEE BEASLEY AND SHERRY BEASLEY HAVE A FAMILIAL RELATIONSHIP. BOARD MEMBERS ANN BENJAMIN AND STACY BOZARTH ALSO HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B FINANCE DIRECTOR AND PRESIDENT REVIEW AND CONSULT WITH TAX ACCOUNTANTS/ADVISORS. ONCE THIS GROUP IS SATISFIED WITH THE RETURN IT IS CIRCULATED ELECTRONICALLY TO THE FULL BOARD FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OTHER APPLICABLE MEMBERS OR EMPLOYEES ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AND ANNUALLY ATTEST TO THEIR ADHERENCE TO THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION WEBSITE OR UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST -16,880.