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Oklahoma State University Research Foundation Inc

Osu Research Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237043186 ✦ Stillwater, OK ✦ Designated as a 501(c)(3)

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.


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.

Here 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?
Who is the CEO of Oklahoma State University Research Foundation Inc?
What is the revenue of Oklahoma State University Research Foundation Inc?
Who are the executives of Oklahoma State University Research Foundation Inc and what are their salaries?
Where can I find the form 990 for Oklahoma State University Research Foundation Inc?

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.

Impact

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.




Thursday, August 15, 2024

Oklahoma State University Research Foundation Inc, operating as the OSURF, plays a significant role in fostering innovation and economic development in Oklahoma. By receiving and administering funds from federal and state agencies, as well as private sources, OSURF actively supports educational and research programs at Oklahoma State University. This includes engaging in collaborative programs that link university resources to economic needs in Oklahoma, particularly in rural areas.

Furthermore, OSURF's sponsorship of start-up companies stemming from faculty research contributes to the growth of the state's economy and supports initiatives aimed at enhancing Oklahoma's economic development. By leveraging federal contracts, such as those with the U.S. Department of Defense and NASA, OSURF also plays a key role in advancing space science education in the state.

Overall, the impact of Oklahoma State University Research Foundation Inc extends beyond academic realms, making tangible contributions to the economic and scientific landscape of Oklahoma.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

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
  • 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

    Principal Officer

    Kenneth W Sewell

    Main Address

    1201 S INNOVATION WAY, STILLWATER, OK, 740741579

    NTEE Category

    Code: B99 - Education

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