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Carl Albert State College Development Foundation FY2020 filing

Tax-deductible

Poteau, OK501(c)(3)Since 1979Colleges & Universities EIN 73-1082189Revenue $1.6M in FY2020

On file with the IRScarlalbert.edu1507 S McKenna St, 74953-5207 · Poteau, OKTax-exempt since May 1980College/university support org — 170(b)(1)(A)(iv)

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The Foundation's mission is to build a residential campus, to create an endowment fund for scholarships, and to establish a program for academic enrichment. This is accomplished by providing educational opportunities through scholarships to students at Carl Albert State College and facility grants to support the building and campuses of the college.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $544K a year · 35% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Plus $7.6M in investments, Pt X · Ln 11–13
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
37
of 77 voting members
Worth a look: 37 of 77 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$976K
To programs
82%
Net assets
$10.6M
By yearFY2020–FY2025
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$955K
FY2022$1.2M
FY2023$1.3M
FY2024$2.3M
FY2025$1.9M
Expenses
$976K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$976K
FY2021$757K
FY2022$1.1M
FY2023$913K
FY2024$1.2M
FY2025$1.1M
Net assets
$10.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10.6M
FY2021$12.0M
FY2022$11.1M
FY2023$12.0M
FY2024$13.1M
FY2025$13.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $801K Management & general 7% · $70K Fundraising 11% · $105K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

78 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Ryan Adams
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Carl Albert State College Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures funding for student scholarships, academic enrichment programs, and residential campus improvements to support the growth of Carl Albert State College.

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Provided by the organization

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3 programs · $801K · in their own filed words · FY2019
01

To provide educational opportunities through scholarships to students at carl albert state college and facility grants to support the buildings and campuses of carl albert state college.

$559Kprogram expense
02

To provide dormitory facilities to support the students of carl albert state college.

$172Kprogram expense
03

To provide funds to enrich academic programs.

$69Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Charities Aid Foundation AmericaFY2024$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 12 grants · $3.2M · 2019–2024
Carl Albert State CollegeFY2024$309,000
Unitemized GrantFY2024$292,740
Carl Albert State CollegeFY2024$100,000
Unitemized GrantFY2023$225,396
Carl Albert State CollegeFY2023$200,000
Individual RecipientFY2023$100,000
Carl Albert State CollegeFY2023$75,550
Carl Albert State CollegeFY2023$10,000
Carl Albert State CollegeFY2022$388,251
Carl Albert State CollegeFY2021$479,873
Carl Albert State CollegeFY2020$429,057
Carl Albert State CollegeFY2019$559,453

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$294K
Investment incomeLn 3$168K
Money outPt IX
$976K
Ln 25
Programscol B$801K
Managementcol C$70K
Fundraisingcol D$105K
Owns and owesPt X
$10.6M
net assets · Ln 32
Cash and savingsLn 1–2$727K
Total assetsLn 16$10.7M
LiabilitiesLn 26$45K
PeoplePt VI, VII
78
listed · VII A
PaidVII A0
Voting boardVI 1a77
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$64K
Fees for servicesLn 2g$294K
Investment incomeLn 3$168K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$358K
SavingsLn 2$368K
Cash and savings togetherLn 1–2$727K
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$10.7M
LiabilitiesLn 26$45K
Net assetsLn 32$10.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6117
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$755K$727K
InvestmentsLn 11–13$7.3M$7.6M
Land, buildings, equipmentLn 10c$1.7M$2.1M
Total assetsLn 16$9.8M$10.7M
LiabilitiesLn 26$29K$45K
Net assetsLn 32$9.8M$10.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$559K$559K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$202K$69K$28K$105K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$97K$97K
Other expenses (24a–d)Ln 24$75K$75K
Total functional expensesLn 25$976K$801K$70K$105K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.1M$759K$13.9M 990 PDF
FY2024 $2.3M$1.2M$1.1M$13.1M 990 PDF
FY2023 $1.3M$913K$394K$12.0M 990 PDF
FY2022 $1.2M$1.1M$122K$11.1M 990 PDF
FY2021 $955K$757K$198K$12.0M 990 PDF
FY2020 Viewing $1.6M$976K$647K$10.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,623,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $610,550$1,160,686
I-9 Program service revenuePrior year $290,380$294,493
I-10 Investment incomePrior year $325,038$168,245
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,225,968$1,623,424
I-13 Grants and similar amounts paidPrior year $499,453$559,453
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $416,474$416,923
I-18 Total expensesPrior year $915,927$976,376
I-19 Revenue less expensesPrior year $310,041$647,048
Part VI · Governance 37 of 77 board members independent, 5 to look at
VI-1a Voting members of the governing body77
VI-1b Independent voting members37
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,623,424 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,160,686
VIII-1g Noncash contributions (included above)$63,680
VIII-1h Total contributions, gifts and grants$1,160,686
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $294,493$294,493
VIII-3 Investment incomeExcluded from tax $168,245$168,245
VIII-12 Total revenueRelated to mission $294,493 · Unrelated business $0 · Excluded from tax $168,245$1,623,424
Part IX · Statement of functional expenses $976,376 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $559,453$559,453
IX-11f Investment management feesManagement $30,776$30,776
IX-11g Other fees for servicesManagement $4,933$4,933
IX-12 Advertising and promotionPrograms $69,121 · Management $27,648 · Fundraising $105,153$201,922
IX-13 Office expensesManagement $6,799$6,799
IX-22 Depreciation, depletion and amortizationPrograms $97,302$97,302
IX-24 Other expenses (24a–d)Programs $75,191$75,191
IX-25 Total functional expensesPrograms $801,067 · Management $70,156 · Fundraising $105,153$976,376
Part X · Balance sheet $10,663,945 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $382,442$358,408
X-2 Savings and temporary cash investmentsStart of year $372,942$368,238
X-3 Pledges and grants receivableStart of year $15,800$7,650
X-4 Accounts receivableStart of year $19,390$164,804
X-10c Land, buildings and equipment, netStart of year $1,719,182$2,117,642
X-11 Publicly traded securitiesStart of year $7,115,774$7,428,275
X-12 Other securitiesStart of year $211,196$218,928
X-16 Total assetsStart of year $9,836,726$10,663,945
X-17 Accounts payable and accrued expensesStart of year $29,469$45,386
X-26 Total liabilitiesStart of year $29,469$45,386
X-27 Net assets without donor restrictionsStart of year $4,608,147$5,075,289
X-28 Net assets with donor restrictionsStart of year $5,199,110$5,543,270
X-32 Total net assets or fund balancesStart of year $9,807,257$10,618,559
X-33 Total liabilities and net assetsStart of year $9,836,726$10,663,945
Part XI · Reconciliation of net assets $10,618,559 net assets at year end
XI-1 Total revenue$1,623,424
XI-2 Total expenses$976,376
XI-3 Revenue less expenses$647,048
XI-4 Net assets at start of year$9,807,257
XI-5 Net unrealized gains (losses) on investments$164,254
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,618,559

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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