FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC

EIN: 453266058 501(c)(3) Education

NORMAN, OK

Total Revenue
$1,019,358
Total Expenses
$1,665,345
Total Assets
$175,578,912
Net Assets
$175,575,712
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OK
Principal Officer
GUY L PATTON
Phone
4053211174
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR ENGINEERING AT THE UNIVERSITY OF OKLAHOMA INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 63% operating deficit.

Mission

CREATED AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF OKLAHOMA FOUNDATION, INC. WITH THE SOLE MISSION OF PROVIDING SUPPORT TO THE COLLEGE OF ENGINEERING AT THE UNIVERSITY OF OKLAHOMA AND TO INCREASE THE NUMBER AND QUALITY OF ENGINEERING 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 $1,019,358
Other Revenue $0
TOTAL REVENUE $1,019,358

Expense Breakdown

Grants Paid $1,663,745
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,663,745
Other Expenses $1,600
TOTAL EXPENSES $1,665,345

Year-over-Year Comparison

2024 2023 Change
Revenue $1,019,358 $1,138,390 -0.1%
Expenses $1,665,345 $1,504,728 +0.1%
Net Income $-645,987 $-366,338 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
6
$1,180,078
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUY L PATTON DIRECTOR 1.00
Director
$0 $57,250 $779,815
TRENT R WELLS DIRECTOR 1.00
Director
$0 $45,794 $400,263
MARK A HELM DIRECTOR 1.00
Director
$0 $0 $0
ALAN ARMSTRONG DIRECTOR 1.00
Director
$0 $0 $0
ELBY BEAL DIRECTOR 1.00
Director
$0 $0 $0
PETE SIMMS DIRECTOR 1.00
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
2025 $1,019,358 $1,665,345 $175,578,912 $-645,987
2024 No data No data No data No data
2023 $754,288 $2,749,840 $126,571,097 $-1,995,552
2022 $1,176,654 $102,900 $140,600,687 $1,073,754
2021 $671,356 $1,196,800 $126,986,933 $-525,444
2020 $683,197 $1,444,450 $105,525,050 $-761,253
2019 $527,016 $1,203,057 $100,739,499 $-676,041
2018 $610,416 $1,401,606 $115,855,716 $-791,190
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