2025-05-15T17:42:20-05:00 2024-06-30 993136398 KDP & CO LLC 841 OHARE PARKWAY STE 200 MEDFORD OR 97504 990 2023-07-01 237056213 OREGON TECH FOUNDATION INC OREG 5418851130 3201 CAMPUS DR KLAMATH FALLS OR 97601 KEN FINCHER EXECUTIVE DIRECTOR 5418851130 2025-05-15 1 0 RENAE E DAVIS CPA P10274416 5417736633 2023 2025-03-06 01:10:19Z ALAN POLASKI 3201 CAMPUS DR KLAMATH FALLS OR 97601 16351965 0 X WWW.OIT.EDU/FOUNDATION X 1969 OR THE MISSION OF THE OREGON TECH FOUNDATION IS TO PROMOTE EDUCATIONAL, CULTURAL, CHARITABLE, AND SERVICE FUNCTIONS OF THE OREGON INSTITUTE OF TECHNOLOGY. 25 25 0 190 -263936 0 2669085 3429621 21840 15111 2785905 1539095 952593 -288547 6429423 4695280 1081950 1251927 0 0 345037 326038 0 0 19050 2252028 1897585 3679015 3475550 2750408 1219730 41590298 45088238 3396154 2811832 38194144 42276406 X THE MISSION OF THE OREGON TECH FOUNDATION IS TO PROMOTE EDUCATIONAL, CULTURAL, CHARITABLE, AND SERVICE FUNCTIONS OF THE OREGON INSTITUTE OF TECHNOLOGY. 0 0 1251927 1251927 TO PROVIDE SCHOLARSHIPS TO STUDENTS OF OREGON INSTITUTE OF TECHNOLOGY. STUDENTS RECEIVED SCHOLARSHIPS BASED ON MERIT, NEED AND OTHER FACTORS. 2007 CAPITAL PROJECTS (NEW BUILDINGS, CLASSROOMS AND REMODEL) 1022119 ACADEMICS, ATHLETICS AND STUDENT ACTIVITIES 597660 OTHER PROGRAM SERVICES 597660 2873713 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 0 1 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 0 0 0 OR CA X MARYLOU NICHOLSON 5418851134 3201 CAMPUS DR KLAMATH FALLS OR 97601 X ALAN POLASKI PRESIDENT 0.00 X X 0 0 0 CHRISTINE MANGAN VICE PRESIDENT 0.00 X X 0 0 0 DON JOHNSON TREASURER 0.00 X X 0 0 0 JIM BLAIR SECRETARY 0.00 X X 0 0 0 DEE THOMPSON PAST PRESIDENT 0.00 X 0 0 0 JIM HACKETT DIRECTOR 0.00 X 0 0 0 ROBERT NEATHAMER DIRECTOR 0.00 X 0 0 0 JAMES DEHOOG DIRECTOR 0.00 X 0 0 0 ANN CAVANAUGH DIRECTOR 0.00 X 0 0 0 SARAH DAMMEN DIRECTOR 0.00 X 0 0 0 BILL DEWITT DIRECTOR 0.00 X 0 0 0 JAMES MONROE DIRECTOR 0.00 X 0 0 0 PARKE BLUNDON DIRECTOR 0.00 X 0 0 0 TIM QUINCY DIRECTOR 0.00 X 0 0 0 JON EKSTROM DIRECTOR 0.00 X 0 0 0 BOB KINGZETT DIRECTOR 0.00 X 0 0 0 DAN WITHERS DIRECTOR 0.00 X 0 0 0 DONALD YOUNG DIRECTOR 0.00 X 0 0 0 GERALD FRESCHI DIRECTOR 0.00 X 0 0 0 DARREL SAMUELS DIRECTOR 0.00 X 0 0 0 DOUG PRATT DIRECTOR 0.00 X 0 0 0 RICK WHITLOCK DIRECTOR 0.00 X 0 0 0 ALAN PARKS DIRECTOR 0.00 X 0 0 0 STEVEN HYDE DIRECTOR 0.00 X 0 0 0 0 0 0 0 0 0 0 0 40570 3389051 16809 3429621 MISCELLANEOUS REVENUE 900099 8408 8408 SALE OF MERCHANDISE 459420 6703 6703 15111 1386759 1386759 11435710 320000 11433374 170000 2336 150000 152336 152336 28700 40570 53311 -24611 -24611 PARTNERSHIP GAIN 110000 25618 25618 PARTNERSHIP INCOME (LOSS) 110000 -289554 -289554 -263936 4695280 152336 -263936 1377259 1251927 1251927 326038 97820 209168 19050 1140 1140 36739 36739 112461 112461 85270 85270 15913 15913 52047 52047 74210 74210 20034 20034 41934 41934 7971 1698 6273 ACADEMICS, ATHLETICS, S 1022119 1022119 OTHER PROGRAM SERVICES 239760 239760 OTHER INVESTMENT EXPENS 86643 86643 GENERAL UNIVERSITY SUPP 59278 59278 42066 2007 40059 3475550 2873713 582787 19050 43695 1955 3828988 2545609 1423283 1412088 2741 9133 55698 43857 35000 0 205000 35000 28520792 26197090 6631105 13064945 0 811851 878996 966710 41590298 45088238 1360253 165216 1518018 1566119 517883 1080497 3396154 2811832 X 13048892 14492356 25145252 27784050 38194144 42276406 41590298 45088238 X 1219730 2760535 -200000 301997 X X 0 1 X 1 0 X 1345462 2081214 4173585 2669085 3429621 13698967 1345462 2081214 4173585 2669085 3429621 13698967 13698967 860109 1217998 1571432 1329529 1237449 6216517 72515 100554 984056 991707 2148832 7938 16491 18871 21840 15109 80249 22144565 65140 0.61860 0.70890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149380 X X X 0 0 1 X 25299820 859606 2696912 825404 28030934 23846395 514812 1801426 862813 25299820 27879604 616027 -3893574 755662 23846395 22009935 543307 6087572 761210 27879604 22454711 243319 7827 695922 22009935 0.30705 0.45369 0.23927 0 0 35000 35000 35000 1133311 F ALTERNATIVE INVESTMENTS 11931634 F 13064945 LIABILITY FOR SPLIT INTEREST AGREEMENT 16322 REFUNDABLE ADVANCES 1005773 RIGHT-OF-USE LIABILITIES 58402 1080497 X 7797975 2760535 153702 216494 3130731 4667244 112461 -84425 28036 4695280 3515713 153702 85641 239343 3276370 112461 86719 199180 3475550 PART III, LINE 4: COLLECTIONS OF ARTWORK, FURNITURE, MAPS, BOOKS, PHOTOS AND PAPERS FROM THE LAND OF THE LAKES REGION, THE MODOC WAR, AND THE WEST WHICH ARE USED FOR SCHOLARLY RESEARCH. PART IV, LINE 2B: A NOT-FOR-PROFIT ORGANIZATION CONTRIBUTED FUNDS TO THE FOUNDATION FOR THE PURPOSE OF HOLDING AND DISTRIBUTING THOSE FUNDS TO THE INTENDED BENEFICIARIES, OR FOR LATER TRANSFER TO ANOTHER QUALIFIED ORGANIZATION. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS REQUIRED TO PAY INCOME TAXES ON ITS UNRELATED BUSINESS INCOME RECEIVED FROM PARTNERSHIP INTERESTS AND AFFINITY PROGRAM ROYALTIES. THE FOUNDATION ACCOUNTS FOR INCOME TAXES UNDER THE ASSET AND LIABILITY METHOD. UNDER THIS METHOD, DEFERRED INCOME TAXES ARE ESTABLISHED FOR THE DIFFERENCES BETWEEN THE FINANCIAL REPORTING BASIS AND INCOME TAX BASIS OF ASSETS AND LIABILITIES, AS WELL AS OPERATING LOSS AND TAX CREDIT CARRY-FORWARDS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. THE FOUNDATION'S FEDERAL ORGANIZATIONS BUSINESS INCOME TAX RETURNS (FORM 990-T) FOR 2023, 2022 AND 2021, ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE FOUNDATION'S PARTNERSHIP INTEREST IS UNRELATED BUSINESS INCOME AND IS THEREFORE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE PROVISIONS FOR INCOME TAXES CONSISTED OF THE FOLLOWING COMPONENTS AT JUNE 30, 2024: CURRENT INCOME TAX EXPENSE: $150. THE FEDERAL TAX RATE FOR THE FOUNDATION BEGINNING JANUARY 1, 2018 IS A FLAT RATE OF 21% OF TAXABLE INCOME. PRIOR YEARS HAD AN EFFECTIVE TAX RATE THAT RANGED FROM 15% TO 38% OF TAXABLE INCOME. THE FOUNDATION'S OREGON TAX RATES ARE 6.6% OF OREGON TAXABLE INCOME UP TO $1,000,000 PLUS 7.6% OF THE OREGON TAXABLE INCOME OVER $1,000,000 WITH A MINIMUM OF $150. THE FOUNDATION'S CALIFORNIA TAX RATE IS 21% OF CALIFORNIA TAXABLE INCOME EFFECTIVE JANUARY 1, 2018. THE ANNUAL REGISTRATION RENEWAL FEE TO THE ATTORNEY GENERAL OF CALIFORNIA IS $150 PER YEAR. AT JUNE 30, 2024, AND 2023, THE FOUNDATION HAD AVAILABLE NET OPERATING LOSS CARRY-FORWARDS OF $727,771 AND $1,267,502 RESPECTIVELY, FROM UNRELATED BUSINESS INCOME SUBJECT TO INCOME TAX. THE NET OPERATING LOSSES WILL EXPIRE IN VARIOUS YEARS FROM JUNE 30, 2024 THROUGH JUNE 30, 2038. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT EVENT EXPENSES IN-KIND DONATIONS PARTNERSHIP DISTRIBUTIONS PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME FROM PSHIP K-1 PARTNERSHIP S1231 GAIN PARTNERSHIP INCOME ROUNDING TO FINANCIAL STATEMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES IN-KIND DONATIONS PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING TO FINANCIAL STATEMENTS PARTNERSHIP EXPENSES CENTRAL AMERICA & CARIBBEAN 0 0 INVESTMENTS 8961502 0 0 0 0 0 0 8961502 0 8961502 0 0 0 1 1 0 PRESIDENTIAL GALA 46545 40570 5975 26114 BLM/GEOMATICS WORKSHOP 6410 6410 456 12 16315 16315 179 26562 69270 40570 28700 635 52676 53311 -24611 1 SCHOLARSHIPS 348 1251927 PART I, LINE 2: DISTRIBUTIONS FOR SCHOLARSHIPS ARE MADE TO OREGON INSTITUTE OF TECHNOLOGY DIRECTLY AND APPLIED TO THE RECIPIENT'S ACCOUNT, WHERE THE FUNDS ARE USED TO PAY TUITION, FEES, AND COVER OTHER EXPENSES. NO DISTRIBUTION WILL BE MADE IF A STUDENT IS NOT REGISTERED FOR CLASSES. X 6 463438 FMV X 16809 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS AN OCIO AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE 990 RETURN IS REVIEWED BY THE ACCOUNTANT, OPERATIONS MANAGER, AND TREASURER AND IS LATER DISTRIBUTED TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY PROVIDES THE CONFLICT OF INTEREST POLICY AND CERTIFICATION, REVIEWED BY THE EXECUTIVE DIRECTOR, AS WELL AS PRACTICING ABSTENTIONS DURING VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE AT ITS BUSINESS OFFICE LOCATED AT 3201 CAMPUS DRIVE BY REQUEST. FORM 990, PART XI, LINE 9: PARTNERSHIP INCOME/DEDUCTIONS FROM K-1S 171,068. PARTNERSHIP DISTRIBUTIONS 130,938. ROUNDING TO FINANCIAL STATEMENTS -9. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.