Jexal Foundation FY2024 filing

Tax-deductible

Velma, OK501(c)(3)Since 1990Foundations & GrantmakersEIN 73-1372860Revenue $603K in FY2024

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.
$141K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · 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
$141K
to officers and key staff · 49% of spending
Concern: pay to officers and key staff is 49% of spending; over 30%.
Pt VII · Sec A
Cash reserves
157 mo
of spending, in cash
Looks good: 156.8 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
$603K
-19% vs prior year
Spent
$287K
To programs
0%
Net assets
$16.3M
By yearFY2021–FY2025
Revenue
$603K
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2021$609K
FY2022$1.6M
FY2023$746K
FY2024$603K
FY2025$719K
Expenses
$287K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$282K
FY2022$273K
FY2023$270K
FY2024$287K
FY2025$286K
Net assets
$16.3M
FY2024▲ +5%
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 FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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% · $287K

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; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation
$75,600Pt VII · Sec A
Vice President
$59,500Pt 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.

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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.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

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
02

Cjamm focuses on bringing christian values and fellowship to young people. Its aims are to increase goodwill between students of all backgrounds. They help children deal with lifes challanges including dealing bullying, racism and cultural insensitivity.

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$603K
Ln 12
Investment incomeLn 3$398K
Other incomeLn 4–11$205K
Money outPt IX
$287K
Ln 25
Managementcol C$287K
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$16.5M
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$398K
Other incomeLn 4–11$205K
Total revenueLn 12$603K
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$9.8M
Land, buildings, equipmentLn 10c$276K
Other assetsLn 15$2.7M
Total assetsLn 16$16.5M
LiabilitiesLn 26$191K
Net assetsLn 32$16.3M
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 FY24End FY24
Cash and savingsLn 1–2$3.6M$3.7M
InvestmentsLn 11–13$9.8M$9.8M
Land, buildings, equipmentLn 10c$289K$276K
Total assetsLn 16$15.8M$16.5M
LiabilitiesLn 26$191K$191K
Net assetsLn 32$15.6M$16.3M
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$143K$143K
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$73K$73K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$469$469
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$39K$39K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$0
Total functional expensesLn 25$287K$0$287K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $719K$286K$433K$16.6M 990 PDF
FY2024 Viewing $603K$287K$316K$16.3M 990 PDF
FY2023 $746K$270K$475K$15.6M 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $602,963 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $480,715$397,563
I-11 Other revenuePrior year $264,818$205,400
I-12 Total revenuePrior year $745,533$602,963
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $153,486$142,565
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $116,743$144,120
I-18 Total expensesPrior year $270,229$286,685
I-19 Revenue less expensesPrior year $475,304$316,278
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 $602,963 across 4 lines filed
VIII-3 Investment income$397,563
VIII-5 Royalties$172,510
VIII-6 Net rental income or loss$32,890
VIII-12 Total revenue$602,963
Part IX · Statement of functional expenses $286,685 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 $142,565$142,565
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 $72,840$72,840
IX-11b Legal feesManagement $3,705$3,705
IX-11c Accounting feesManagement $3,420$3,420
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 expensesManagement $469$469
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 $39,201$39,201
IX-23 InsuranceManagement $17,121$17,121
IX-24 Other expenses (24a–d)Management $7,364$7,364
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $286,685 · Fundraising $0$286,685
Part X · Balance sheet $16,476,165 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,502,569$1,569,183
X-2 Savings and temporary cash investmentsStart of year $2,113,430$2,178,007
X-10c Land, buildings and equipment, netStart of year $289,091$275,587
X-11 Publicly traded securitiesStart of year $9,781,268$9,777,496
X-15 Other assetsStart of year $2,087,530$2,675,892
X-16 Total assetsStart of year $15,773,888$16,476,165
X-25 Other liabilitiesStart of year $191,166$191,166
X-26 Total liabilitiesStart of year $191,166$191,166
X-27 Net assets without donor restrictionsStart of year $15,582,722$16,284,999
X-32 Total net assets or fund balancesStart of year $15,582,722$16,284,999
X-33 Total liabilities and net assetsStart of year $15,773,888$16,476,165
Part XI · Reconciliation of net assets $16,284,999 net assets at year end
XI-1 Total revenue$602,963
XI-2 Total expenses$286,685
XI-3 Revenue less expenses$316,278
XI-4 Net assets at start of year$15,582,722
XI-5 Net unrealized gains (losses) on investments$385,999
XI-10 Net assets at end of year$16,284,999

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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