Nonprofit · EIN 23-7043186
OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC
Tax-exempt · STILLWATER, OK 74074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $2,336,897 | $2,497,630 | -$160,733 | $10,654,472 | $1,140,008 | $9,514,464 |
| June 30, 2023 | 990 | $6,107,951 | $4,692,050 | $1,415,901 | $10,602,707 | $158,350 | $10,444,357 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $1,113,694
- of which government grants
- $713,694
- Program service revenue
- $436,153
- Investment income
- $675
- Other revenue
- $786,375
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $811,302
- Salaries, compensation and benefits (total)
- $811,302
- Professional fundraising fees
- $0
- Occupancy
- $35,539
- Depreciation
- $263,832
- Program services (functional)
- $1,678,647
- Management and general (functional)
- $818,983
Balance sheet and other
- Total assets, start of year
- $10,602,707
- Total assets, end of year
- $10,654,472
- Total liabilities, end of year
- $1,140,008
- Net assets, end of year
- $9,514,464
- Land, buildings and equipment
- $1,613,174
- Gross receipts
- $2,336,897
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1969
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KAYSE SHRUM | DIRECTOR Trustee or director | 0.3 | $0 | $700,060 | $106,414 |
| JOHNNY STEPHENS | DIRECTOR Trustee or director | 0.3 | $0 | $539,032 | $81,008 |
| JEANETTE MENDEZ | DIRECTOR Trustee or director | 0.3 | $0 | $401,226 | $66,382 |
| KENNETH SEWELL | DIRECTOR Trustee or director | 0.3 | $0 | $305,850 | $75,008 |
| JOE WEAVER | DIRECTOR Trustee or director | 0.3 | $0 | $266,177 | $88,788 |
| ELIZABETH POLLARD | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| CARY BAETZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| RICK DAVIS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| HEATHER BOWERMAN | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| ALEX CAPELLO | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| JIM TWERDAHL | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR KAYSE SHRUM | PRESIDENT/ OSU CEO Trustee or director, Officer | 0.3 | $0 | $643,538 | $170,114 |
| JEANETTE MENDEZ | PROVOST/SR VP/PROF Trustee or director, Officer | 0.3 | $0 | $365,900 | $132,193 |
| DR KENNETH SEWELL | VP RESEARCH/ PROF Trustee or director, Officer | 2 | $0 | $304,544 | $115,201 |
| MR JOSEPH B WEAVER | SR VP ADMIN & FINANCE Trustee or director, Officer | 0.3 | $0 | $262,734 | $143,023 |
| MATT WILSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| JOE TIPPINS | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| RUSSELL TEUBNER | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| JEROME LOUGHRIDGE | OSURF CEO Officer | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1201 S INNOVATION WAY, STILLWATER, OK 74074-1579
- In care of
- % MICHALE POGUE
- Principal officer (990 for 2023)
- KENNETH W SEWELL, 210 WHITEHURST, STILLWATER, OK 74078
- Signed the 990
- KENNETH W SEWELL, PRESIDENT
- Phone
- (405) 744-7076
- Return prepared by
- DUNCAN ONLEY & WATKINS PC
Mission
THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED IS TO PROMOTE AND FOSTER THE CHARITABLE, BENEVOLENT, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, ECONOMIC, AND CULTURAL INTERESTS OF EVERY KIND AND DESCRIPTION OF THE OKLAHOMA STATE UNIVERSITY, A PUBLIC INSTITUTION OF HIGHER EDUCATION AND A PUBLIC EDUCATIONAL CORPORATION OF THE STATE OF OKLAHOMA. THIS CORPORATION IS CREATED AND SHALL BE ADMINISTERED AND OPERATED TO CARRY OUT THE PURPOSES ABOVE STATED AND: 1. TO CREATE AND OPERATE THE THE INNOVATION FOUNDATION AT OSU, INC. 2. TO REQUEST, RECEIVE AND ADMINISTER FUNDS FROM FEDERAL, STATE, AND LOCAL GOVERNMENT SOURCES, AS WELL AS PRIVATE SOURCES. 3. TO ENGAGE IN RESEARCH, EXTENSION, AND ACADEMIC CONTRACTUAL ARRANGEMENTS WHICH ARE DIRECTED TOWARD THE ADVANCEMENT OF THE OKLAHOMA STATE UNIVERSITY AND SUBSEQUENTLY TO THE STATE OF OKLAHOMA. 4. TO UTILIZE FUNDS RECEIVED FRO THE PURPOSES OF RESEARCH, EXTENSION, AND ACADEMIC PROGRAMS AND RELATED ACTIVITIES AND THE ENTER INTO LEGAL ARRANGEMENTS WITH THE OKLA
Program accomplishments
- THE INNOVATION FOUNDATION OF OKLAHOMA STATE UNIVERSITY INC.(I.F.)RECEIVED AND ADMINISTERED FUNDS FROM FEDERAL AND STATE AGENCIES, AND FROM PRIVATE SOURCES FOR PURPOSES OF CARRYING OUT EDUCATIONAL AND RESEARCH PROGRAMS OF THE UNIVERSITY. FEDERAL AND STATE CONTRACTS FOR FISCAL YEAR END 2024 INCLUDED THE U.S. DEPARTMENT OF DEFENSE AND THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA). I.F. PROVIDED ASSISTANCE THROUGH NASA SUPPORTED PROGRAMS FOCUSED TOWARDS SPACE SCIENCE EDUCATION. I.F. SPONSORED COLLABORATIVE PROGRAMS LINKING UNIVERSITY RESOURCES TO OKLAHOMAS ECONOMIC NEEDS THROUGH THE SUPPORT OF START-UP COMPANIES SPINNING OUT OF FACULTY RESEARCH. THESE TASKS SUPPORT OUR MISSIONS AND INITIATIVES IN OKLAHOMAS RURAL ECONOMIC DEVELOPMENT AND STATE ECONOMIC DEVELOPMENT INITIATIVES.Expenses $1,678,647 · grants $713,694 · revenue $2,280,555
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7043186
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $10,654,472
- Income (IRS master file)
- $2,336,897
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $2,336,897 | $2,497,630 | $10,654,472 | IRS |
| 990 | June 2023 | $6,107,951 | $4,692,050 | $10,602,707 | XML |
| 990 | June 2022 | $8,365,195 | $7,707,345 | $9,514,280 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7043186).
Questions about OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC
- What is the EIN of OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC is 23-7043186.
- Is OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2024 names KENNETH W SEWELL.
- Who are the officers and directors of OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does OKLAHOMA STATE UNIVERSITY RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $2,336,897, expenses of $2,497,630 and total assets of $10,654,472 at year end.
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