Oakland University Foundation in Rochestar, Michigan (MI)
Table of contents:
| Oakland University Foundation | |
| Employer Identification Number (EIN) | 386078765 |
| Name of Organization | Oakland University Foundation |
| In Care of Name | Oakland University |
| Address | 2200 N Squirrel Rd, Rochestar, MI 48309-4402 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 12/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $197,189 |
| Amount of Income | $23,395 |
| Form 990 Revenue Amount | $23,395 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: University or Technological Institute |
Non-representatives - add comments:
Amount of income in 2014: $23,395 (it was $11,740 in 2013)
| Oakland University Foundation: | $23,395 |
| Other organizations performing similar types of work: | $1,326,792 |
Assets in 2014: $197,189 (it was $177,014 in 2013)
| This organization: | $197,189 |
| Other organizations performing similar types of work: | $3,906,121 |
Expenses in 2014: $8,010
| Oakland University Foundation: | $8,010 |
| Other organizations performing similar types of work: | $627,863 |
Income to expenses ratio in 2014: 2.9
| Oakland University Foundation: | 2.9 |
| Other organizations performing similar types of work: | 2.2 |
Grants share in income in 2014: 2.0%
| This organization: | 2.0% |
| Other organizations performing similar types of work: | 38.7% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $14,218 | $7,702 | $11,740 | $23,395 |
| Contributions, gifts, grants, and similar amounts received | $400 | $575 | $632 | $477 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $4,256 | $3,845 | $3,698 | $3,549 |
| Gain/Loss from sale of assets other than inventory | $9,562 | $3,282 | $7,410 | $19,369 |
| Gross amount from sale of assets other than inventory | $9,562 | $3,282 | $7,410 | $19,369 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $6,840 | $7,399 | $7,790 | $8,010 |
| Total net assets | $179,007 | $168,544 | $177,014 | $197,189 |
| Excess/Deficit for the year | $7,378 | $303 | $3,950 | $15,385 |
| Net assets or fund balances at beginning of year | $155,028 | $179,007 | $168,544 | $177,014 |
| Other changes in net assets or fund balances | $16,601 | $-10,766 | $4,520 | $4,790 |
| Net assets or fund balances at end of year | $168,544 | $177,014 | $197,189 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $179,007 | $168,544 | $177,014 | $197,189 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $179,007 | $168,544 | $177,014 | $197,189 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $8,010 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Michigan State University Foundation, Michigan Biotechnology Institute | 3815 Technology Blvd, Lansing, MI 48910-8121 | MI | 1991-05 | $7,232,354 |
| 2 | The Northern Michigan University Foundation | 1401 Presque Isle Ave 603 Cohodas, Marquette, MI 49855 | MI | 1969-09 | $44,734,231 |
| 3 | University Of Kansas Memorial | 1301 Jayhawk Blvd Rm 315, Lawrence, KS 66045-7593 | KS | 1929-11 | $40,153,610 |
| 4 | Winthrop University Foundation | 302 Tillman Hall, Rock Hill, SC 29733-0001 | SC | 1976-04 | $26,695,497 |
| 5 | University Of Montevallo Foundation | Station 6215, Montevallo, AL 35115 | AL | 1979-08 | $23,763,734 |
| 6 | Stephen F Austin State University Alumni Foundation | PO BOX 6096 SFA STATION, Nacogdoches, TX 75962-0001 | TX | 1971-06 | $17,726,041 |
| 7 | Western Oregon University Development Foundation | The Cottage 345 N Monmouth Avenue, Monmouth, OR 97361 | OR | 1965-02 | $12,107,765 |
| 8 | Tulane Murphy Foundation Inc | 1030 Audubon St, New Orleans, LA 70118-5239 | LA | 1971-06 | $10,233,759 |
| 9 | University Union Operation Of Ca State Univ Sacramento | 6000 J St, Sacramento, CA 95819-2605 | CA | 1975-05 | $8,897,448 |
| 10 | Western Carolina University Foundation | 315 Hf Robinson Administration Bldg, Cullowhee, NC 28723 | NC | 1972-01 | $8,893,331 |
| 11 | Suny Cobleskill Auxiliary Services Inc | 152 Albany Ave, Cobleskill, NY 12043 | NY | 1970-03 | $7,811,290 |
| 12 | University Of Wisconsin Stevens Point Foundation Inc | 2100 Main Street No 134, Stevens Point, WI 54481-3871 | WI | 1965-11 | $7,731,245 |
| 13 | Lake Superior State University Foundation | 650 W Easterday Ave, Sault S Marie, MI 49783-1626 | MI | 1985-08 | $3,528,828 |
| 14 | Oakland University Foundation | 2200 N Squirrel Rd, Rochestar, MI 48309-4402 | MI | 1967-12 | $23,395 |
| 15 | Blue Line Club | PO BOX 804, East Lansing, MI 48826-0804 | MI | 1989-02 | $17,983 |
| 16 | 4-H Clubs & Affiliated 4-H Organizations, Wayland Spirit Riders | 2775 8th St, Shelbyville, MI 49344-9518 | MI | $0 | |
| 17 | Michigan State University Foundation, Investment Holdings Llc | 2727 Alliance Dr Ste C, Lansing, MI 48910-3868 | MI | 1991-05 | $0 |
| 18 | Michigan State University Foundation, Technology Investments I Llc | 2727 Alliance Dr Ste C, Lansing, MI 48910-3868 | MI | 1991-05 | $0 |
| 19 | Michigan State University Foundation, University Corporate Research Park J Inc | 2727 Alliance Drive Suite C, Lansing, MI 48910 | MI | 1991-05 | $0 |
| 20 | Oakland University Scholarship Committee | John Dodge House, Rochester, MI 48309 | MI | 1983-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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