Nonprofit · EIN 73-1024870
SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC
Tax-exempt · WEATHERFORD, OK 73096
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,134,032 | $6,549,665 | $1,584,367 | $35,433,273 | $1,340,130 | $34,093,143 |
| December 31, 2023 | 990 | $7,640,439 | $3,965,232 | $3,675,207 | $34,167,399 | $560,705 | $33,606,694 |
| December 31, 2021 | 990 | $11,956,382 | $2,560,336 | $9,396,046 | $37,553,031 | $90,272 | $37,462,759 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,979,484
- Program service revenue
- $4,011
- Investment income
- $4,707,085
- Royalties
- $4,885
- Net gain from sales of assets
- $3,625,726
- Other revenue
- $443,452
Expenses
- Grants and similar amounts paid
- $1,828,640
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,624
- Accounting fees
- $84,567
- Travel
- $31,781
- Program services (functional)
- $6,094,305
- Management and general (functional)
- $302,606
- Fundraising (functional)
- $152,754
Balance sheet and other
- Total assets, start of year
- $34,167,399
- Total assets, end of year
- $35,433,273
- Total liabilities, end of year
- $1,340,130
- Net assets, end of year
- $34,093,143
- Publicly traded securities
- $31,768,780
- Net assets without donor restrictions
- -$1,793,096
- Net assets with donor restrictions
- $35,886,239
- Gross receipts
- $21,521,741
- Employees
- 0
- Volunteers
- 50
- Year formed
- 1974
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Garrett King | Executive Dir. Officer | 40 | $0 | $128,307 |
| Philip Busey | President Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Defehr | Trustee Trustee or director | 1 | $0 | $0 |
| Juan Garcia | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Lori Harper | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Hart | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Mark Hatton | Trustee Trustee or director | 1 | $0 | $0 |
| James Keehn | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bruce Magill | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Mapel | Trustee Trustee or director | 1 | $0 | $0 |
| Melani Mouse | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Russell | Trustee Trustee or director | 1 | $0 | $0 |
| Bryce Conway | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Nelson | Trustee Trustee or director | 1 | $0 | $0 |
| Sue Cornell | Trustee Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cammi Valdez | Trustee Trustee or director | 1 | $0 |
| Jerrad Richards | Trustee Trustee or director | 1 | $0 |
| Kirti Vaidya Reddy | Trustee Trustee or director | 1 | $0 |
| Kelli Litsch | Trustee Trustee or director | 1 | $0 |
| Mark Holmstrom | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Garrett King | Executive Dir. Officer | 40 | $0 | $141,350 |
| Lori Boyd | Trustee Trustee or director | 1 | $0 | $0 |
| Philip Busey | President Trustee or director, Officer | 2 | $0 | $0 |
| Jeff Defehr | Trustee Trustee or director | 1 | $0 | $0 |
| Bryan Evans | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| David Ferrell | Trustee Trustee or director | 1 | $0 | $0 |
| Juan Garcia | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Lori Harper | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Hart | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Mark Hatton | Trustee Trustee or director | 1 | $0 | $0 |
| James Keehn | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Bruce Magill | Trustee Trustee or director | 2 | $0 | $0 |
| Thomas Mapel | Trustee Trustee or director | 1 | $0 | $0 |
| Melani Mouse | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Russell | Trustee Trustee or director | 1 | $0 | $0 |
| Bryce Conway | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen Nelson | Trustee Trustee or director | 1 | $0 | $0 |
| Sue Cornell | Trustee Trustee or director | 1 | $0 | $0 |
| Cammi Valdez | Trustee Trustee or director | 1 | $0 | $0 |
| Jerrad Richards | Trustee Trustee or director | 1 | $0 | $0 |
| Kirti Vaidya Reddy | Trustee Trustee or director | 1 | $0 | $0 |
| Kelli Litsch | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Holmstrom | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARRETT KING | EXECUTIVE DI Officer | 40 | $0 | $100,692 | $16,466 |
| LORI BOYD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP BUSEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GEORGE COHLMIA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFF DEFEHR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRYAN EVANS | 1ST VICE-CHA Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID FERRELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JUAN GARCIA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LORI HARPER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRICE HARRIS | 2ND VICE-CHA Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL HART | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DIANNE HUNTER | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES KEEHN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE MAGILL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THOMAS MAPEL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MELANI MOUSE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| MARK RUSSELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| HOMER RYAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DEBBIE SHEWARD-SHEPHERD | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NELSON SIMS | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CAMMI VALDEZ | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JUDY WILKES | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 CAMPUS DR, WEATHERFORD, OK 73096-3001
- Principal officer (990 for 2024)
- Garrett King, 100 CAMPUS DRIVE, WEATHERFORD, OK 73096
- Signed the 990
- Garrett King, Executive Director
- Phone
- (580) 774-3267
- Website
- www.swosufoundation.com
- Return prepared by
- Merryman Accounting Services CPA PLLC
Mission
TO HELP SOUTHWESTERN OKLAHOMA STATE UNIVERSITY RAISE THE RESOURCES NEEDED FOR THE UNIVERSITY TO ADVANCE BEYOND WHAT IS POSSIBLE WITH STATE FUNDS AND TO ASSIST STUDENTS WITH TUITION AND FEES IN THE FORM OF SCHOLARSHIPS FOR ATTENDANCE AT SOUTHWESTERN OKLAHOMA STATE UNIVERSITY.
Program accomplishments
- To Help Southwestern Oklahoma State University raise the resources needed for the university to advance beyond what is possible with state funds, and to assist students with tuition and fees in the form of scholarships for attendance at Southwestern Oklahoma State University.Expenses $6,094,305
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1024870
- 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
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $35,433,273
- Income (IRS master file)
- $21,521,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,134,032 | $6,549,665 | $35,433,273 | IRS |
| 990 | December 2023 | $7,640,439 | $3,965,232 | $34,167,399 | XML |
| 990 | December 2022 | $4,404,219 | $7,960,841 | $28,142,774 | IRS |
| 990 | December 2021 | $11,956,382 | $2,560,336 | $37,553,031 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 73-1024870).
Questions about SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC
- What is the EIN of SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC is 73-1024870.
- Is SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWESTERN OKLAHOMA 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 SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Garrett King.
- Who are the officers and directors of SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does SOUTHWESTERN OKLAHOMA STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,134,032, expenses of $6,549,665 and total assets of $35,433,273 at year end.
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