2024-11-08T06:56:31-08:00 2024-06-30 731460911 HBC CPAs & Advisors 9905 N May Avenue Oklahoma City OK 73120 990 2023-07-01 736091750 LEW WENTZ FOUNDATION LEWW 4053251434 1000 ASP AVENUE ROOM 208 NORMAN OK 73019 MATT HAMILTON Chairman 2024-11-08 true true Christopher Heim CPA P01332237 4058487797 2023 2024-10-15 13:58:12Z MATT HAMILTON 1000 ASP AVENUE ROOM 208 NORMAN OK 73019 990138 false X N/A X 1926 ND THE FOUNDATION PROVIDES LOANS TO QUALIFIED STUDENTS IN ORDER TO PURSUE THEIR EDUCATION AT THE UNIVERSITY OF OKLAHOMA. 5 4 0 5 0 0 387695 387588 405081 602550 0 792776 990138 0 0 0 0 0 418294 386247 418294 386247 374482 603891 30582403 33209713 219 30582403 33209494 THE FOUNDATION PROVIDES LOANS TO QUALIFIED STUDENTS IN ORDER TO PURSUE THEIR EDUCATION AT THE UNIVERSITY OF OKLAHOMA. false false 275127 387588 THE FOUNDATION PROVIDES LOANS TO QUALIFIED STUDENTS IN ORDER TO PURSUE THEIR EDUCATION AT THE UNIVERSITY OF OKLAHOMA. DURING THE YEAR, $997,000 OF NEW LOANS WERE AWARDED TO A LITTLE OVER 400 STUDENTS. 275127 true false false false false false false false false false false false true false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 5 4 false false false false false true false true false false false true false false true false false false OK X QUINCY GARNER 4053251434 1000 ASP AVENUE ROOM 208 NORMAN OK 73019 MATT HAMILTON Chairman 5.00 40.00 X X 0 185427 14192 COURTNEY HENDERSON Secretary 5.00 40.00 X 0 69992 21661 WILLIAM LISSAU Trustee 2.00 0.00 X 0 0 0 JEFF NORTHCUT Trustee 2.00 0.00 X 0 0 0 MICHAEL NASH Trustee 2.00 0.00 X 0 0 0 ANITA HOLLOWAY Trustee 2.00 0.00 X 0 0 0 255419 35853 0 false true true UNIVERSITY OF OKLAHOMA 660 PARRINGTON OVAL NORMAN OK 73019 ADMINSTRATIVE SERVICES 265298 1 0 OTHER PROGRAM INCOME 900099 10708 10708 STUDENT LOAN INTEREST 611600 376880 376880 387588 602550 602550 0 0 0 0 0 0 0 0 990138 387588 602550 X 0 0 0 0 0 0 0 0 0 0 0 0 21300 21300 0 0 80851 80851 265298 265298 0 0 0 0 0 0 0 0 0 0 0 0 BAD DEBT EXPENSE 9829 9829 OTHER 7212 7212 COLLECTION COSTS 1757 1757 0 386247 275127 111120 0 0 0 0 0 0 0 676014 1406705 0 0 0 21126945 23663340 0 8730945 8082665 0 48499 57003 30582403 33209713 -1 219 1 0 219 X 30582403 33209494 30582403 33209494 30582403 33209713 603891 2023200 X false true X true false X X 1 UNIVERSITY OF OKLAHOMA 736017987 5 false 0 995814 1 995814 true true false false false false false false false false false false false false false true true true X true true Part IV, Section A, Line 2: Description Of How Organization Determined Supported Org. THE FOUNDATION IS A SUPPORTING ORGANIZATION TO THE UNIVERSITY OF OKLAHOMA. THE UNIVERSITY OF OKLAHOMA IS A GOVERNMENTAL AFFILIATE EXEMPT FROM TAX UNDER 115 AND DOES NOT HAVE AN IRS DETERMINATION LETTER. Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played THE UNIVERSITY OF OKLAHOMA OPERATES THE FOUNDATION THROUGH AN ADMINSTRATIVE AGREEMENT. THE UNIVERSITY PROVIDES SERVICES TO THE FOUNDATION INCLUDING LOAN APPROVAL, LOAN DISBURSEMENT, LOAN COLLECTION, AND ACCOUNTING SERVICES FOR LOANS MADE BY THE FOUNDATION. IN ORDER TO ASSURE THE RESPONSIVENESS OF THE FOUNDATION TO THE NEEDS OF THE UNIVERSITY, ONE MEMBER OF THE BOARD IS A MEMBER OF THE BOARD OF REGENTS OF THE UNIVERSITY OF OKLAHOMA AND ANOTHER MEMBER OF THE BOARD IS APPOINTED BY THE UNIVERSITY PRESIDENT. IN ADDITION, THE DIRECTOR OF FINANCIAL AID IS DESIGNATED BY THE UNIVERSITY PRESIDENT TO SERVE AS THE SECRETARY-TREASURER. Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu THE ACTIVITIES OF THE FOUNDATION FURTHER THE EXEMPT PURPOSES OF THE UNIVERSITY BY PROVIDING LOANS TO STUDENTS TO FURTHER THEIR EDUCATION AT THE UNIVERSITY. ALL ACTIVITIES OF THE FOUNDATION ARE RELATED TO THE ADMINSTRATION OF THE LOANS PROVIDED. Part IV, Section E, Line 2b: Reasons For The Organization's Position IF NOT FOR THE FOUNDATION MAKING LOANS TO STUDENTS TO PURSUE THEIR EDUCATION AT THE UNIVERSITY, THE UNIVERSITY WOULD NEED TO PROVIDE ADDITIONAL FINANCIAL AID TO ITS STUDENTS. 8082665 X 3013338 2023200 2023200 990138 990138 386247 386247 386247 Part X : FIN48 Footnote THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSISITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 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. false false false false false false false false false COURTNEY HENDERSON Secretary 69771 221 21661 91653 MATT HAMILTON Chairman 184152 1275 14192 199619 Form 990, Part VI, Section B, Line 11b A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. UNIVERSITY OF OKLAHOMA 660 PARRINGTON OVAL NORMAL OK 73019 731377584 EDUCATION OK GOVERNMENTAL NA false false false false false false false false false false false false false false false false false false false false