2025-05-15T16:02:58-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2001 16TH STREET SUITE 1700 DENVER CO 80202 990 2023-07-01 113815948 LANGSTON UNIVERSITY FOUNDATION LANG 4054663232 PO BOX 725 LANGSTON OK 73050 JOSHUA BUSBY INTERIM EXECUTIVE DIRECTOR 4054663232 2025-05-15 1 1 SARAH HINTZ P00492291 3037795710 2025-05-15 2023 2025-03-06 01:10:19Z JOSHUA BUSBY PO BOX 725 LANGSTON OK 73050 3494428 0 X WWW.LANGSTON.EDU X 2007 OK SEE SCH. OLANGSTON UNIVERSITY FOUNDATION IS A VOLUNTEER GROUP ENTRUSTED WITH THE OVERSIGHT OF FUNDRAISING TO BENEFIT LANGSTON UNIVERSITY. THE FOUNDATION PROVIDES VOLUNTEER SUPPORT TO THE UNIVERSITY'S DEVELOPMENT AND FUNDRAISING PROGRAMS. IN ADDITION, THE BOARD MONITORS THE ADMINISTRATION OF THE ASSETS OF THE FOUNDATION, RESULTING IN A BROADENING OF OPPORTUNITIES FOR LEARNING BY STUDENTS AND CONTINUED INVESTING IN FACULTY AND STAFF. 9 9 0 0 0 0 1705770 1764251 15000 3760 179359 145463 -451345 -298840 1448784 1614634 494607 618870 0 0 0 0 3204 0 109678 169857 314578 667668 933448 781116 681186 6829628 7822265 68864 18018 6760764 7804247 TO RAISE MONEY TO SUPPORT LANGSTON UNIVERSITY. 0 0 264084 264084 0 LANGSTON UNIVERSITY SCHOOL AND DEPARTMENT SUPPORT: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS TO SUPPORT THE VARIOUS SCHOOLS, PROGRAMS OF STUDY, AND DEPARTMENTS AT LANGSTON UNIVERSITY TO ASSIST THE FACULTY IN PROVIDING THE HIGHEST QUALITY OF EDUCATION TO THEIR STUDENTS. 354786 354786 3760 SCHOLARSHIPS: THE LANGSTON UNIVERSITY FOUNDATION SOLICITS DONATIONS FROM ALUMNI AND FRIENDS OF LANGSTON UNIVERSITY FOR SCHOLARSHIPS TO SUPPORT DESERVING STUDENTS AT LANGSTON UNIVERSITY. 618870 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 X JOSHUA BUSBY 4054663232 PO BOX 725 LANGSTON OK 73050 DARRELL JEFFLO CHAIRMAN 1.00 0.00 X X 0 0 0 JOSHUA BUSBY INTERIM EXECUTIVE DIRECTOR 40.00 0.00 X X 0 0 0 MARLON JAMES EXECUTIVE DIRECTOR (THRU 8/23) 40.00 0.00 X X 0 65165 6487 VANESSA BROWN DIRECTOR 1.00 0.00 X 0 0 0 DR WAYNE JONES DIRECTOR 1.00 0.00 X 0 0 0 JOEL-LYN A MCCORMICH DIRECTOR 1.00 0.00 X 0 0 0 CHARIFA SMITH DIRECTOR 1.00 0.00 X 0 0 0 DAVID STEPHENS DIRECTOR 1.00 0.00 X 0 0 0 HON KENNETH C WATSON DIRECTOR 1.00 0.00 X 0 0 0 0 65165 6487 0 0 0 0 0 170290 1593961 58490 1764251 SPECIAL CAUSES / INITI 900099 3760 3760 3760 130072 130072 1425572 1410181 15391 15391 15391 168000 170290 469613 -301613 -301613 MISCELLANEOUS REVENUE 900099 2773 2773 2773 1614634 3760 0 -153377 264084 264084 354786 354786 23959 23959 43736 43736 33296 33296 10536 6250 4286 5890 2000 3890 23596 23596 6899 6899 6535 6535 16942 16942 635 635 FUNDRAISING EXPENSE 90584 90584 BOOKS, SUBCRIPTIONS, RE 16050 16050 BAD DEBT EXPENSE 10538 10538 FACILITIES AND EQUIPMEN 6419 6419 18963 14464 4499 933448 618870 204900 109678 2632022 2830863 288803 355541 121694 93883 13019 13019 13019 3774090 4528959 6829628 7822265 68864 18018 68864 18018 X -202488 -408087 6963252 8212334 6760764 7804247 6829628 7822265 681186 362297 0 X X 0 1 X 1 0 X 1002364 1256714 1109687 1705770 1764251 6838786 1002364 1256714 1109687 1705770 1764251 6838786 496991 6341795 63212 51926 53770 86406 130072 385386 13308 721 2006 2773 18808 7242980 0.87560 0.86290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 13,308. 2020 AMOUNT: $ 721. 2021 AMOUNT: $ 2,006. 2023 AMOUNT: $ 2,773. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4468852 961833 485940 30665 5885960 3753671 407373 326435 18627 4468852 4044741 128249 -399307 19918 3753671 3131130 146456 635641 -131514 4044741 2965779 43147 135114 12910 3131130 0.00000 0.68402 0.31597 0 0 13019 13019 13019 2488675 362297 75427 437724 2050951 33296 -469613 -436317 1614634 1445192 75427 469613 545040 900152 33296 33296 933448 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF A DONOR'S GIFT TO LANGSTON UNIVERSITY THAT WAS SUBSEQUENTLY TRANSFERRED TO THE FOUNDATION AND ESTABLISHED AS AN ENDOWMENT FUND TO PARTICIPATE IN THE OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION'S ENDOWMENT MATCHING PROGRAM. AS REQUIRED FOR THE PROGRAM, THE UNIVERSITIES ARE REQUIRED TO MAINTAIN A SPECIFIED MINIMUM AMOUNT OF FUNDS IN PERPETUITY FOR A SPECIFIC ENDOWED PROFESSORSHIP CHAIR. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -469,613. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 469,613. ANNUAL GALA EVENT 338290 170290 168000 70990 198301 200322 338290 170290 168000 70990 198301 200322 469613 -301613 1 LANGSTON UNIVERSITY PO BOX 608 LANGSTON OK 73050 711896819 STATE OF OKLAHOMA 264084 0 N/A N/A GENERAL SUPPORT 1 0 SCHOLARSHIPS 223 354786 0 N/A N/A PART I, LINE 2: SUPPORT OF LANGSTON UNIVERSITY: AFTER CONSULTING WITH UNIVERSITY PERSONNEL AND CONSIDERING THE INTENDED USES OF AVAILABLE FUNDS HELD BY THE FOUNDATION, THE FOUNDATION DETERMINES AMOUNTS TO BE GRANTED TO THE UNIVERSITY FOR ITS VARIOUS PROGRAMS. GRANT AMOUNTS AND PURPOSES ARE DOCUMENTED IN THE FOUNDATION'S BOOKS AND RECORDS. SCHOLARSHIPS: THE OFFICE OF DEVELOPMENT SCHOLARSHIP COMMITTEE AWARDS SCHOLARSHIPS BASED ON THE AVAILABILITY OF SCHOLARSHIP FUNDS, THE NUMBER OF QUALIFIED APPLICANTS AND THE REQUIREMENT OF EACH SCHOLARSHIP. X 4 58490 FMV 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF: THE CHAIRMAN OF THE FOUNDATION THE VICE CHAIRMAN THE IMMEDIATE PAST CHAIRMAN THE TREASURER THE SECRETARY THE EXECUTIVE DIRECTOR OF THE FOUNDATION ONE ( 1) OTHER DIRECTOR SHALL BE ELECTED BY THE BOARD AT THE ANNUAL MEETING FOR A TERM OF THREE (3) YEARS. THE EXECUTIVE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIRMAN. THE PRESENCE OF FOUR ( 4) MEMBERS SHALL CONSTITUTE A QUORUM AND THE AFFIRMATIVE VOTE OF FOUR ( 4) MEMBERS SHALL BE NECESSARY FOR THE ADOPTION OF AND RESOLUTION OF BUSINESS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION, SUBJECT ONLY TO SUCH RESTRICTIONS OR LIMITATIONS AS THE BOARD MAY FROM TIME TO TIME SPECIFY; PROVIDED, HOWEVER, THE EXECUTIVE COMMITTEE SHALL HAVE NO AUTHORITY TO ALTER, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS OF THE FOUNDATION OR TO APPOINT DIRECTORS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO DIRECTORS INDIVIDUALLY WITHIN THIRTY (30) DAYS AFTER SUCH ACTION IS TAKEN OR AT A MEETING OF THE BOARD OF DIRECTORS IF A MEETING IS HELD WITHIN THAT PERIOD OF TIME. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE INCLUDED IN THE MINUTES OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A FIVE OF THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED UPON NOMINATION BY THE PRESIDENT OF LANGSTON UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE BOARD BEFORE FILING. A COPY OF THE FORM 990 WILL BE PRESENTED AT THE NEXT BOARD OF DIRECTOR'S MEETING. FORM 990, PART VI, SECTION C, LINE 19 MEMBERS OF THE PUBLIC WHO ARE INTERESTED IN REVIEWING OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN CONTACT OUR OFFICE AND SCHEDULE A TIME TO REVIEW OUR DOCUMENTS. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.