Nonprofit · EIN 75-1101337
MIDWESTERN STATE UNIVERSITY FOUNDATION INC
Tax-exempt · WICHITA FALLS, TX 76301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $8,608,415 | $4,008,315 | $4,600,100 | $85,137,475 | $0 | $85,137,475 |
| August 31, 2024 | 990 | $6,113,167 | $3,593,533 | $2,519,634 | $79,935,439 | $0 | $79,935,439 |
| August 31, 2023 | 990 | $6,650,686 | $2,977,854 | $3,672,832 | $71,288,656 | $0 | $71,288,656 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,953,187
- Program service revenue
- $0
- Investment income
- $5,654,109
- Royalties
- $1,119
- Net gain from sales of assets
- $3,474,337
- Other revenue
- $1,119
Expenses
- Grants and similar amounts paid
- $3,169,358
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,938
- Accounting fees
- $119,650
- Program services (functional)
- $3,169,358
- Management and general (functional)
- $838,957
Balance sheet and other
- Total assets, start of year
- $79,935,439
- Total assets, end of year
- $85,137,475
- Total liabilities, end of year
- $0
- Net assets, end of year
- $85,137,475
- Publicly traded securities
- $80,387,116
- Net assets without donor restrictions
- $2,055,200
- Net assets with donor restrictions
- $83,082,275
- Gross receipts
- $29,616,165
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1960
- State of legal domicile
- TX
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin O'Connell | Chairman Trustee or director, Officer | 2 | $0 |
| Anthony Inman | Vice Chairman Trustee or director, Officer | 1 | $0 |
| David Welch | Treasurer Trustee or director, Officer | 1 | $0 |
| Teresa Caves | Secretary Trustee or director, Officer | 1 | $0 |
| Selby Lilly | Trustee Trustee or director | 1 | $0 |
| Darrell Coleman | Trustee Trustee or director | 1 | $0 |
| Reno Gustafson | Trustee Trustee or director | 1 | $0 |
| Mac Cannedy Jr | Trustee Trustee or director | 1 | $0 |
| Erwin Davenport | Trustee Trustee or director | 1 | $0 |
| Kay Yeager | Trustee Trustee or director | 1 | $0 |
| Martha Fain | Trustee Trustee or director | 1 | $0 |
| Butch Ford | Trustee Trustee or director | 1 | $0 |
| Brian Hooker | Trustee Trustee or director | 1 | $0 |
| Tyrone Moore | Trustee Trustee or director | 1 | $0 |
| Tyler Sales | Trustee Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AR Dillard | Trustee Trustee or director | 1 | $0 |
| Spike Thomas | Trustee Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin O'Connell | Chairman Trustee or director, Officer | 2 | $0 |
| Anthony Inman | Vice Chairman Trustee or director, Officer | 1 | $0 |
| David Welch | Treasurer Trustee or director, Officer | 1 | $0 |
| Teresa Caves | Secretary Trustee or director, Officer | 1 | $0 |
| Darrell Coleman | Trustee Trustee or director | 1 | $0 |
| Reno Gustafson | Trustee Trustee or director | 1 | $0 |
| Mac Cannedy Jr | Trustee Trustee or director | 1 | $0 |
| Erwin Davenport | Trustee Trustee or director | 1 | $0 |
| Kay Yeager | Trustee Trustee or director | 1 | $0 |
| Martha Fain | Trustee Trustee or director | 1 | $0 |
| Butch Ford | Trustee Trustee or director | 1 | $0 |
| Brian Hooker | Trustee Trustee or director | 1 | $0 |
| Tyrone Moore | Trustee Trustee or director | 1 | $0 |
| Tyler Sales | Trustee Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin O'Connell | Chairman Trustee or director, Officer | 2 | $0 |
| Anthony Inman | Vice Chairman Trustee or director, Officer | 1 | $0 |
| David Welch | Treasurer Trustee or director, Officer | 1 | $0 |
| Teresa Caves | Secretary Trustee or director, Officer | 1 | $0 |
| Warren Ayres | Trustee Trustee or director | 1 | $0 |
| Darrell Coleman | Trustee Trustee or director | 1 | $0 |
| Reno Gustafson | Trustee Trustee or director | 1 | $0 |
| Mac Cannedy Jr | Trustee Trustee or director | 1 | $0 |
| Erwin Davenport | Trustee Trustee or director | 1 | $0 |
| Kay Yeager | Trustee Trustee or director | 1 | $0 |
| Martha Fain | Trustee Trustee or director | 1 | $0 |
| Butch Ford | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 807 8TH STREET 2ND FLOOR, WICHITA FALLS, TX 76301-3381
- Principal officer (990 for 2024)
- Kevin O'Connell, C/O 807 8th Street 2nd Floor, Wichita Falls, TX 76301
- Signed the 990
- Kevin O'Connell, Chairman/Trustee
- Phone
- (940) 322-4436
- Return prepared by
- Freemon Shapard & Story
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.
Program accomplishments
- Awarding scholarships to qualified students on the basis of need and merit.Expenses $962,914 · grants $962,914
- Funding of various special projects of the University.Expenses $2,206,444 · grants $2,206,444
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-1101337
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1961
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $85,137,475
- Income (IRS master file)
- $29,616,165
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $8,608,415 | $4,008,315 | $85,137,475 | XML |
| 990 | August 2024 | $6,113,167 | $3,593,533 | $79,935,439 | XML |
| 990 | August 2023 | $6,650,686 | $2,977,854 | $71,288,656 | XML |
| 990 | August 2022 | $4,712,410 | $1,883,229 | $64,205,017 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 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 75-1101337).
Questions about MIDWESTERN STATE UNIVERSITY FOUNDATION INC
- What is the EIN of MIDWESTERN STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of MIDWESTERN STATE UNIVERSITY FOUNDATION INC is 75-1101337.
- Is MIDWESTERN STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to MIDWESTERN STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWESTERN STATE UNIVERSITY 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 MIDWESTERN STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDWESTERN STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MIDWESTERN STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names Kevin O'Connell.
- Who are the officers and directors of MIDWESTERN STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does MIDWESTERN STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $8,608,415, expenses of $4,008,315 and total assets of $85,137,475 at year end.
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