Overview
What is Oklahoma State University Research Foundation Inc?
Oklahoma State University Research Foundation Inc., often referred to as OSURF, is a nonprofit organization based in Stillwater, Oklahoma. Their primary mission is to promote and foster the charitable, educational, scientific, economic, and cultural interests of Oklahoma State University, a public institution of higher education. OSURF receives and manages funds from federal, state, and local government sources, as well as private ones, to support educational and research programs at the university. During fiscal year 2020, they worked with the U.S. Department of Defense and NASA among others. Their activities are focused on state-wide leadership for innovation and economic development, which includes sponsoring collaborative programs to support start-up companies and link university resources to Oklahoma's economic needs. With a small team of 4 individuals, OSURF plays a significant role in driving Oklahoma's rural economic development and statewide initiatives.
What are the reviews and ratings of this charity?
**Rating: Needs Improvement (Charity Navigator)**
The Oklahoma State University Research Foundation Inc holds a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices. The foundation has a high program expense ratio of 97%, which demonstrates a strong commitment to its mission, but several governance practices are notably lacking, such as missing policies for conflict of interest, whistleblower protection, and inadequate board independence.
Despite a solid score for financial practices, including an audit and oversight committee in place, the organization's effectiveness is undermined by insufficient transparency and governance measures. Their historical ratings do not encompass key areas like leadership and adaptability, as well as impact assessment, which could provide a more rounded view of their operations.
User reviews from GreatNonprofits could not be accessed, limiting insights into community sentiment. Therefore, it remains vital for potential donors and stakeholders to consider the organization's governance concerns while recognizing its dedication to fulfilling its mission through substantial program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma State University Research Foundation Inc legitimate?
Oklahoma State University Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma State University Research Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,688,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,478,884
For more financial information, click here
What is the mission statement of Oklahoma State University Research Foundation Inc?
Oklahoma State University Research Foundation Inc, abbreviated as OSURF, is dedicated to providing state-wide leadership in supporting Oklahoma State University's commitment to innovation and economic development. The organization's purpose is to promote and foster various charitable, benevolent, religious, educational, scientific, economic, and cultural interests of Oklahoma State University, a public institution of higher education. OSURF operates to achieve these objectives by establishing and managing the OSU Research Foundation, obtaining funds from both public and private sources, engaging in research, extension, and academic contractual agreements, and utilizing funds for related activities. The foundation's primary goal is to advance Oklahoma State University and subsequently benefit the state as a whole.
Who is the CEO of Oklahoma State University Research Foundation Inc?
Kenneth W Sewell is the President/ Osu Ceo of Oklahoma State University Research Foundation Inc. The CEO's salary of Oklahoma State University Research Foundation Inc is $0 and their total compensation is $836,614.
What is the revenue of Oklahoma State University Research Foundation Inc?
Oklahoma State University Research Foundation Inc's revenue in 2022 was $8,365,195.
Who are the executives of Oklahoma State University Research Foundation Inc and what are their salaries?
The average compensation at Oklahoma State University Research Foundation Inc during 2022 was $1,291,844. There are 4 employees and 3 volunteers at Oklahoma State University Research Foundation Inc.
Here are 7 key members and their salaries (Oklahoma State University Research Foundation Inc's CEO's salary is $0 and their total compensation is $836,614):
- Compensation: $0
- Related: $650,000
- Other: $186,614
- Compensation: $0
- Related: $358,438
- Other: $148,783
- Compensation: $0
- Related: $252,739
- Other: $159,523
- Compensation: $0
- Related: $293,257
- Other: $131,701
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oklahoma State University Research Foundation Inc?
Oklahoma State University Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oklahoma State University Research Foundation Inc
Oklahoma State University Research Foundation (OSURF) is committed to providing state-wide leadership in fostering innovation and economic development for Oklahoma State University (OSU), a public institution of higher education. The organization's mission is to promote charitable, benevolent, religious, educational, scientific, economic, and cultural interests in various forms. To achieve this objective, OSURF operates the OSU Research Foundation, requests and manages funds from federal, state, and local government sources, as well as private entities. The foundation engages in research, extension, and academic contractual arrangements to advance the interests of OSU and ultimately, the state of Oklahoma. OSURF utilizes the funds received for research, extension, and academic programs and related activities, and enters into legal agreements with OSU for these purposes.
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Impact
October, 2024
Oklahoma State University Research Foundation Inc. (OSURF) plays a pivotal role in enhancing innovation and economic development across the state of Oklahoma. By administering funds from federal and state agencies, as well as private sources, OSURF directly supports educational and research initiatives aimed at addressing the state's economic needs.
The organization collaborates with notable entities such as the U.S. Department of Defense and NASA, providing assistance for space science education and various research programs. Through its innovative approach, OSURF fosters the growth of start-up companies that emerge from faculty research, thus creating a dynamic link between academia and the entrepreneurial landscape.
Additionally, OSURF's initiatives contribute significantly to rural economic development in Oklahoma, ensuring that the benefits of research and innovation extend throughout the entire state. By cultivating an environment that encourages research, extension, and academic partnerships, OSURF is positioned as a catalyst for advancing educational and economic interests in the region, ultimately enhancing the quality of life for Oklahomans.
This information is meant to be a general summary of Oklahoma State University Research Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$40,869
- Program Service Revenue: $1,506,878
- Gross Receipts: $8,365,195
Assets and Liabilities:
- Total Assets: $9,514,280
- Total Liabilities: $493,853
- Net Assets: $9,020,427
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE AGREEMENT
Revenue
$1,221,239
PROGRAM RELATED RENT
Revenue
$256,338
OTHER OPERATING REVENUES
Revenue
$29,301
Organization Details
Founding Year
1969
Phone
(405) 744-2325Principal Officer
Kenneth W Sewell
Main Address
1201 S INNOVATION WAY, STILLWATER, OK, 740741579
NTEE Category
Code: B99 - Education
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