THE INNOVATION FOUNDATION AT OKLAHOMA STATE UNIVERSITY INC

EIN: 237043186 501(c)(3) Education

STILLWATER, OK

Total Revenue
$2,336,897
Total Expenses
$2,497,630
Total Assets
$10,654,472
Net Assets
$9,514,464
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
OK
Principal Officer
KENNETH W SEWELL
Phone
4057447076
Tax Period
2023-07-01 to 2024-06-30

THE INNOVATION FOUNDATION AT OKLAHOMA STATE UNIVERSITY INC, founded in 1969, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Net assets of $9.5M represent 49 months of operating reserves.

Mission

TO PROMOTE AND FOSTER THE CHARITABLE, BENEVOLENT, RELIGIOUS, EDUCATIONAL, SCIENTIFIC, ECONOMIC, AND CULTURE INTERESTS OF EVERY KIND; SPECIFICALLY TO ENGAGE IN RESEARCH, EXTENSION, AND ACADEMIC PROGRAMS WITH &/OR FOR OKLAHOMA STATE UIVERSITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,113,694
Program Service Revenue $436,153
Investment Income $675
Other Revenue $786,375
TOTAL REVENUE $2,336,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $811,302
Fundraising Expenses $0
Program Expenses $1,678,647
Other Expenses $1,686,328
TOTAL EXPENSES $2,497,630

Year-over-Year Comparison

2023 2022 Change
Revenue $2,336,897 N/A N/A
Expenses $2,497,630 N/A N/A
Net Income $-160,733 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
11
$2,629,945
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH POLLARD CHIEF EXECUTIVE OFFICER 0.30
Officer Director
$0 $0 $0
KAYSE SHRUM DIRECTOR 0.30
Director
$0 $106,414 $806,474
CARY BAETZ DIRECTOR 0.30
Director
$0 $0 $0
RICK DAVIS DIRECTOR 0.30
Director
$0 $0 $0
JEANETTE MENDEZ DIRECTOR 0.30
Director
$0 $66,382 $467,608
KENNETH SEWELL DIRECTOR 0.30
Director
$0 $75,008 $380,858
JOHNNY STEPHENS DIRECTOR 0.30
Director
$0 $81,008 $620,040
JOE WEAVER DIRECTOR 0.30
Director
$0 $88,788 $354,965
HEATHER BOWERMAN DIRECTOR 0.30
Director
$0 $0 $0
ALEX CAPELLO DIRECTOR 0.30
Director
$0 $0 $0
JIM TWERDAHL DIRECTOR 0.30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,336,897 $2,497,630 $10,654,472 $-160,733
2023 $6,107,951 $4,692,050 $10,602,707 $1,415,901
2022 $8,365,195 $7,707,345 $9,514,280 $657,850
2021 $10,291,004 $8,574,526 $8,047,594 $1,716,478
2020 $4,971,081 $4,337,102 $6,055,696 $633,979
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