South College Foundation

Not tax-deductible

Oklahoma City, OK501(c)(7)Since 1993Mutual / membership EIN 73-1448926Revenue $30K in FY2025

On file with the IRS211 N Robinson, 73102-7109 · Oklahoma City, OKTax-exempt since Sep 1994

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Provide a meeting place and living quarters for the student members of Nu Omega Chapter of Phi Gamma Delta and contribute to the South College Foundation Scholarship Fund (Section 501(c)(3) organization).

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
0 of 7
filings with a surplus
Average deficit $160K a year · 333% of revenue · last 7 filings
Concern: a surplus in 0 of the last 7 filings.
Pt I · Ln 19 · 7 filings
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $59K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30K
-20% vs prior year
Spent
$221K
Net assets
$2.8M
By yearFY2019–FY2025
Revenue
$30K
FY2025▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2019$12K
FY2020$33K
FY2021$147K
FY2022$0
FY2023$77K
FY2024$38K
FY2025$30K
Expenses
$221K
FY2025▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2019$213K
FY2020$202K
FY2021$207K
FY2022$194K
FY2023$196K
FY2024$223K
FY2025$221K
Net assets
$2.8M
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2019$3.8M
FY2020$3.6M
FY2021$3.5M
FY2022$3.3M
FY2023$3.2M
FY2024$3.0M
FY2025$2.8M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1994.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See South College 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and a gathering space for student fraternity members.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Provide a meeting place and living quarters for the student members of Nu Omega Chapter of Phi Gamma Delta and contribute to the South College Foundation Scholarship Fund (Section 501(c)(3) organization).

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$59K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$30K
Ln 12
Fees for servicesLn 2g$30K
Money outPt IX
$221K
Ln 25
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$2.8M
LiabilitiesLn 26$39K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$30K
Gains on assetsLn 7$0
Total revenueLn 12$30K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$0
Cash and savings togetherLn 1–2$10K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$0
Total assetsLn 16$2.8M
LiabilitiesLn 26$39K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$25K$10K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$3.1M$2.8M
LiabilitiesLn 26$52K$39K
Net assetsLn 32$3.0M$2.8M
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$0
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$0
Legal feesLn 11b$0
Accounting feesLn 11c$600
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$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$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$190K
InsuranceLn 23$27K
All other expensesLn 24e$0
Total functional expensesLn 25$221K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $30K$221K−$191K$2.8M 990 PDF
FY2024 $38K$223K−$186K$3.0M 990 PDF
FY2023 $77K$196K−$119K$3.2M 990 PDF
FY2022 $0$194K−$194K$3.3M 990 PDF
FY2021 $147K$207K−$59K$3.5M 990 PDF
FY2020 $33K$202K−$169K$3.6M 990 PDF
FY2019 $12K$213K−$202K$3.8M 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $30,000 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$30,000
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$30,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$221,073
I-18 Total expenses$221,073
I-19 Revenue less expenses−$191,073
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $30,000 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,000$30,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $30,000$30,000
Part IX · Statement of functional expenses $221,073 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 staff$0
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 fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$600
IX-11d Lobbying fees$0
IX-11f Investment management fees$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 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$3,522
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$189,674
IX-23 Insurance$27,277
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$221,073
Part X · Balance sheet $2,849,268 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $24,707$9,846
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,029,096$2,839,422
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $3,053,803$2,849,268
X-26 Total liabilitiesStart of year $52,443$38,638
X-27 Net assets without donor restrictionsStart of year $3,001,360$2,810,630
X-32 Total net assets or fund balancesStart of year $3,001,360$2,810,630
X-33 Total liabilities and net assetsStart of year $3,053,803$2,849,268
Part XI · Reconciliation of net assets $2,810,630 net assets at year end
XI-1 Total revenue$30,000
XI-2 Total expenses$221,073
XI-3 Revenue less expenses−$191,073
XI-4 Net assets at start of year$3,001,360
XI-8 Prior period adjustments$343
XI-10 Net assets at end of year$2,810,630

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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