Jexal Foundation FY2022 filing

Tax-deductible

Velma, OK501(c)(3)Since 1990Foundations & GrantmakersEIN 73-1372860Revenue $1.6M in FY2022

On file with the IRSPo Box 119, 73491-0119 · Velma, OKTax-exempt since May 1991Supporting organization — 509(a)(3)

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To provide support to campus ministries and prison outreach programs through the wesley Foundation to assist individuals to embrace healthy traits to assist them through life in being and/or becoming an active and responsible citizen.

501(c)(3) charity; gifts are tax-deductible.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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
IRS Pub. 78
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
5 of 5
filings with a surplus
Average surplus $580K a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 45% of spending
Concern: pay to officers and key staff is 45% of spending; over 30%.
Pt VII · Sec A
Cash reserves
314 mo
of spending, in cash
Looks good: 314.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$191K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+166% vs prior year
Spent
$273K
To programs
0%
Net assets
$16.9M
By yearFY2021–FY2025
Revenue
$1.6M
FY2022▲ +166%
Tap a bar for its year
Revenue by fiscal year
FY2021$609K
FY2022$1.6M
FY2023$746K
FY2024$603K
FY2025$719K
Expenses
$273K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$282K
FY2022$273K
FY2023$270K
FY2024$287K
FY2025$286K
Net assets
$16.9M
FY2022▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$15.7M
FY2022$16.9M
FY2023$15.6M
FY2024$16.3M
FY2025$16.6M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2025. IRS ruling in May 1991.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $273K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $124K paid to officers and key staff.

Part VII, Section A · reportable compensation
$66,000Pt VII · Sec A
Vice President
$52,000Pt VII · Sec A
Board Member
$2,000Pt VII · Sec A
President
$2,000Pt VII · Sec A
Treasurer
$2,000Pt VII · Sec A

Claudette Foster’s $76K as Secretary is at the 70th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Claudette Foster$75,600$75,600$72,800$66,000$64,000
Dinah Leftwich$59,500$59,500$56,875$52,000$50,000
Debbie Fletcher————$4,180
Michael Lorenz$2,000$2,000$2,000$2,000—
Doug Valley$2,000$2,000$2,000$2,000$2,000
Rex Largent$2,000$2,000$2,000$2,000$500
Jerry Samples————$2,000
James Key————$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Jexal 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 15aYes

Programs and updates

Supports campus ministries and prison outreach to foster healthy traits for active, responsible citizenship.

Questions for Jexal Foundation

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

The wesley foundation campus ministries at the oklahoma panhandle state focuses on engaging students in five pillars of ministry hospitality, worship, leadership, development, healing and wholeness with a goal of creating leaders and transforming lives through personal spiritual growth and following the social gospel of the united…

Pt IX · col B
02

The wesley foundation campus ministries at oklahoma state university in stillwater, ok focuses on making disciples for jesus christ, creating leaders to serve toward the kingdom of god and transforming lives of students for the transformation of the world.

Pt IX · col B
03

The wesley foundation campus ministries at university oklahoma, focuses on making disciples for jesus christ, creating leaders to serve toward the kingdom of god and transforming lives of students for the transformation of the world.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Investment incomeLn 3$1.3M
Other incomeLn 4–11$330K
Money outPt IX
$273K
Ln 25
Managementcol C$273K
Owns and owesPt X
$16.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.2M
Total assetsLn 16$17.1M
LiabilitiesLn 26$191K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.3M
Other incomeLn 4–11$330K
Gains on assetsLn 7$872K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$4.0M
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$7.2M
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$303K
Other assetsLn 15$2.1M
Total assetsLn 16$17.1M
LiabilitiesLn 26$191K
Net assetsLn 32$16.9M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.3M$7.2M
InvestmentsLn 11–13$10.1M$7.6M
Land, buildings, equipmentLn 10c$334K$303K
Total assetsLn 16$16.9M$17.1M
LiabilitiesLn 26$1.1M$191K
Net assetsLn 32$15.7M$16.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$123K$123K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$70K$70K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$10K$10K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$632$632
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$0
Total functional expensesLn 25$273K$0$273K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $719K$286K$433K$16.6M 990 PDF
FY2024 $603K$287K$316K$16.3M 990 PDF
FY2023 $746K$270K$475K$15.6M 990 PDF
FY2022 Viewing $1.6M$273K$1.3M$16.9M 990 PDF
FY2021 $609K$282K$328K$15.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,623,044 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $374,332$1,292,848
I-11 Other revenuePrior year $234,732$330,196
I-12 Total revenuePrior year $609,064$1,623,044
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $133,052$123,487
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $148,480$149,721
I-18 Total expensesPrior year $281,532$273,208
I-19 Revenue less expensesPrior year $327,532$1,349,836
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,623,044 across 5 lines filed
VIII-3 Investment incomeRelated to mission $420,372$420,372
VIII-5 RoyaltiesRelated to mission $306,056$306,056
VIII-6 Net rental income or lossRelated to mission $24,140$24,140
VIII-7 Net gain or loss on sales of assetsRelated to mission $872,476$872,476
VIII-12 Total revenueRelated to mission $1,623,044$1,623,044
Part IX · Statement of functional expenses $273,208 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $123,487$123,487
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $70,186$70,186
IX-11b Legal feesManagement $3,300$3,300
IX-11c Accounting feesManagement $9,805$9,805
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $632$632
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $17,441$17,441
IX-23 InsuranceManagement $21,170$21,170
IX-24 Other expenses (24a–d)Management $27,187$27,187
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $273,208 · Fundraising $0$273,208
Part X · Balance sheet $17,103,310 assets, 11 lines filed
Asset lines not itemized here account for $2,474; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,069,108$3,959,648
X-2 Savings and temporary cash investmentsStart of year $3,192,833$3,192,970
X-10c Land, buildings and equipment, netStart of year $333,953$302,953
X-11 Publicly traded securitiesStart of year $10,107,176$7,557,735
X-15 Other assetsStart of year $2,153,639$2,087,530
X-16 Total assetsStart of year $16,859,183$17,103,310
X-25 Other liabilitiesStart of year $1,126,178$191,166
X-26 Total liabilitiesStart of year $1,128,328$191,166
X-27 Net assets without donor restrictionsStart of year $15,730,855$16,912,144
X-32 Total net assets or fund balancesStart of year $15,730,855$16,912,144
X-33 Total liabilities and net assetsStart of year $16,859,183$17,103,310
Part XI · Reconciliation of net assets $16,912,144 net assets at year end
XI-1 Total revenue$1,623,044
XI-2 Total expenses$273,208
XI-3 Revenue less expenses$1,349,836
XI-4 Net assets at start of year$15,730,855
XI-8 Prior period adjustments−$168,547
XI-10 Net assets at end of year$16,912,144

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

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