Carl Albert State College Development Foundation FY2022 filing

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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.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
12 mo
of spending, in cash
Plus $8.0M in investments, Pt X · Ln 11–13
Looks good: 12.0 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
$30K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
42
of 76 voting members
Looks good: 42 of 76 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+30% vs prior year
Spent
$1.1M
To programs
73%
Net assets
$11.1M
By yearFY2020–FY2025
Revenue
$1.2M
FY2022▲ +30%
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
$1.1M
FY2022▲ +47%
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
$11.1M
FY2022▼ -7%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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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

73 cents of each dollar spent went to programs.

Program services 73% · $817K Management & general 11% · $118K Fundraising 16% · $180K

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

77 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Alternate Executive Commit
$0Pt VII · Sec A
Regent Representative
$0Pt VII · Sec A
Regent Representative
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Carl Albert State College Development Foundation executive salaries →

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.

Questions for Carl Albert State College Development Foundation

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3 programs · $817K · in their own filed words · FY2021
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.

$480Kprogram expense
02

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

$187Kprogram expense
03

To provide funds to enrich academic programs.

$150Kprogram 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
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$728K
Fees for servicesLn 2g$292K
Investment incomeLn 3$218K
Money outPt IX
$1.1M
Ln 25
Programscol B$817K
Managementcol C$118K
Fundraisingcol D$180K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$11.2M
LiabilitiesLn 26$30K
PeoplePt VI, VII
77
listed · VII A
PaidVII A0
Voting boardVI 1a76
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$728K
Government grantsLn 1e$44K
Noncash giftsLn 1g$90K
Fees for servicesLn 2g$292K
Investment incomeLn 3$218K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$753K
SavingsLn 2$360K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$8.0M
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$11.2M
LiabilitiesLn 26$30K
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6117
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$90K
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$8.0M$8.8M$7.5M$7.4M$6.9M
Given inLn 1b$151K$265K$546K$361K$334K
SpentLn 1d–1f$220K$309K$674K$307K$346K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$839K$1.1M
InvestmentsLn 11–13$9.0M$8.0M
Land, buildings, equipmentLn 10c$2.0M$2.0M
Total assetsLn 16$12.0M$11.2M
LiabilitiesLn 26$6K$30K
Net assetsLn 32$12.0M$11.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$480K$480K
Investment management feesLn 11f$46K$46K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$391K$150K$60K$180K
Office expensesLn 13$9K$9K
Depreciation, depletion and amortizationLn 22$110K$110K
Other expenses (24a–d)Ln 24$77K$77K
Total functional expensesLn 25$1.1M$817K$118K$180K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $1.9M$1.1M$759K$13.9M 990 PDF
FY2024Filed with the IRS Apr 29, 2025 $2.3M$1.2M$1.1M$13.1M 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.3M$913K$394K$12.0M 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $1.2M$1.1M$122K$11.1M 990 PDF
FY2021Filed with the IRS May 13, 2022 $955K$757K$198K$12.0M 990 PDF
FY2020Filed with the IRS May 12, 2021 $1.6M$976K$647K$10.6M 990 PDF

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 FY2022 990 (6 parts)
Part I · Summary $1,237,919 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $462,845$727,846
I-9 Program service revenuePrior year $254,304$292,474
I-10 Investment incomePrior year $237,869$217,599
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $955,018$1,237,919
I-13 Grants and similar amounts paidPrior year $429,057$479,873
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 $328,380$635,721
I-18 Total expensesPrior year $757,437$1,115,594
I-19 Revenue less expensesPrior year $197,581$122,325
Part VI · Governance 42 of 76 board members independent, 2 to look at
VI-1a Voting members of the governing body76
VI-1b Independent voting members42
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,237,919 across 7 lines filed
VIII-1e Government grants$44,174
VIII-1f All other contributions, gifts and grants$683,672
VIII-1g Noncash contributions (included above)$90,299
VIII-1h Total contributions, gifts and grants$727,846
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $292,474$292,474
VIII-3 Investment incomeExcluded from tax $217,599$217,599
VIII-12 Total revenueRelated to mission $292,474 · Unrelated business $0 · Excluded from tax $217,599$1,237,919
Part IX · Statement of functional expenses $1,115,594 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $479,873$479,873
IX-11f Investment management feesManagement $46,376$46,376
IX-11g Other fees for servicesManagement $2,650$2,650
IX-12 Advertising and promotionPrograms $150,240 · Management $60,096 · Fundraising $180,443$390,779
IX-13 Office expensesManagement $8,627$8,627
IX-22 Depreciation, depletion and amortizationPrograms $110,025$110,025
IX-24 Other expenses (24a–d)Programs $77,264$77,264
IX-25 Total functional expensesPrograms $817,402 · Management $117,749 · Fundraising $180,443$1,115,594
Part X · Balance sheet $11,178,078 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $475,166$752,944
X-2 Savings and temporary cash investmentsStart of year $363,636$360,135
X-3 Pledges and grants receivableStart of year $19,800$1,200
X-4 Accounts receivableStart of year $119,671$62,027
X-10c Land, buildings and equipment, netStart of year $2,047,404$1,970,502
X-11 Publicly traded securitiesStart of year $8,820,526$7,987,558
X-12 Other securitiesStart of year $184,596$43,712
X-16 Total assetsStart of year $12,030,799$11,178,078
X-17 Accounts payable and accrued expensesStart of year $6,190$29,794
X-26 Total liabilitiesStart of year $6,190$29,794
X-27 Net assets without donor restrictionsStart of year $5,454,693$5,269,934
X-28 Net assets with donor restrictionsStart of year $6,569,916$5,878,350
X-32 Total net assets or fund balancesStart of year $12,024,609$11,148,284
X-33 Total liabilities and net assetsStart of year $12,030,799$11,178,078
Part XI · Reconciliation of net assets $11,148,284 net assets at year end
XI-1 Total revenue$1,237,919
XI-2 Total expenses$1,115,594
XI-3 Revenue less expenses$122,325
XI-4 Net assets at start of year$12,024,609
XI-5 Net unrealized gains (losses) on investments−$998,650
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,148,284

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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