FOUNDATION FOR ENGINEERING AT OKLAHOMA STATE UNIVERSITY INC

EIN: 261124834 501(c)(3) Education

STILLWATER, OK

Total Revenue
$1,034,896
Total Expenses
$1,767,340
Total Assets
$169,255,413
Net Assets
$169,255,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OK
Principal Officer
DAWN BARNARD
Phone
4053855100
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR ENGINEERING AT OKLAHOMA STATE UNIVERSITY INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 71% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT WHICH WILL ULTIMATELY LEAD TO AN INCREASE IN THE QUALITY AND NUMBER OF ENGINEERING GRADUATES AT OKLAHOMA STATE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $1,767,340

THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION TO THE OKLAHOMA STATE UNIVERSITY FOUNDATION, INC. (OSUF), A SECTION 501(C)(3) PUBLICLY SUPPORTED CHARITY. AS SUCH, THE ORGANIZATION PROVIDES...

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THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION TO THE OKLAHOMA STATE UNIVERSITY FOUNDATION, INC. (OSUF), A SECTION 501(C)(3) PUBLICLY SUPPORTED CHARITY. AS SUCH, THE ORGANIZATION PROVIDES GRANTS TO OSUF TO SUPPORT THE OSU SCHOOL OF ENGINEERING AND ITS STUDENTS AND FACULTY, WITH THE VISION OF PREPARING AND ENHANCING THE QUALITY AND NUMBER OF GRADUATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,034,896
Other Revenue $0
TOTAL REVENUE $1,034,896

Expense Breakdown

Grants Paid $1,767,340
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,767,340
Other Expenses $0
TOTAL EXPENSES $1,767,340

Year-over-Year Comparison

2024 2023 Change
Revenue $1,034,896 $808,870 +0.3%
Expenses $1,767,340 $1,500,712 +0.2%
Net Income $-732,444 $-691,842 +0.1%
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
4
Independent Members
1
Employees
N/A
Volunteers
1

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
5
$1,523,467
Total Directors
5
$1,523,467
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAIRE ATKINSON PRESIDENT 2.00
Officer Director
$0 $68,980 $563,250
KERMIT FRANK DIRECTOR 1.00
Officer Director
$0 $0 $0
ROBYN BAKER SECRETARY 2.00
Officer Director
$0 $70,417 $360,505
DAWN BARNARD TREASURER 2.00
Officer Director
$0 $24,685 $270,316
DONNA KOEPPE FORMER TREASURER 2.00
Officer Director
$0 $30,858 $329,396
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
2025 $1,034,896 $1,767,340 $169,255,413 $-732,444
2024 $808,870 $1,500,712 $133,955,545 $-691,842
2023 $750,212 $1,300,550 $121,922,604 $-550,338
2022 $795,357 $1,500,140 $134,129,075 $-704,783
2021 $677,997 $1,300,740 $122,357,496 $-622,743
2020 $634,875 $1,500,320 $121,371,180 $-865,445
2019 $468,885 $1,200,210 $102,649,050 $-731,325
2018 $602,983 $1,300,125 $97,983,600 $-697,142
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