Form 990 for tax year 2022

Filed by MISSOURI STATE UNIVERSITY FOUNDATION.

Totals

Total revenue: $35,483,515
Total expenses: $37,440,927
Contributions and grants received: $30,325,529
Grants paid: $32,608,852
Program service revenue: $5,511,118
Investment income: -$20,996
Other revenue: -$332,136
Total assets, end of year: $195,800,390
Total liabilities, end of year: $13,517,787
Net assets or fund balances, end of year: $182,282,603
Program services expenses (Part IX): $36,064,796
Management and general expenses: $686,285
Fundraising expenses: $689,846
Program service expenses (Part III): $36,064,796

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$465,451
1f · All other contributions, gifts and grants

$29,860,078
1g · Noncash contributions included above

$14,410,061
2a · Program service revenue: PERSONNEL PAID BY AFFILIATE

total $3,718,423 · related or exempt $3,718,423
2b · Program service revenue: MISCELLANEOUS

total $1,792,695 · related or exempt $1,792,695
3 · Investment income

total $3,188,679 · excluded $3,188,679
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6a · Gross rents

real property $662,806
6b · Less rental expenses

real property $1,446,254
6c · Rental income or loss

real property -$783,448 · personal property $0
6d · Net rental income or loss

total -$783,448 · excluded -$783,448
7a · Gross sales of assets other than inventory

securities $156,011,926
7b · Less cost or other basis and sales expenses

securities $159,221,601
7c · Gain or loss

securities -$3,209,675
7d · Net gain or loss

total -$3,209,675 · excluded -$3,209,675
8a · Fundraising events: gross income

$232,056
8a · Fundraising events: contributions included on line 1c

$465,451
8b · Fundraising events: direct expenses

$198,371
8c · Net income from fundraising events

total $33,685 · excluded $33,685
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: INCOME IN MONTAUK TF

total $109,821 · unrelated business -$20,618 · excluded $130,439
11b · Other revenue: INCOME IN STRATEGIC INVESTORS FUND

total $155,172 · unrelated business $75 · excluded $155,097
11c · Other revenue: INCOME IN NB CROSSROADS

total $152,634 · excluded $152,634
11e · Other revenue, total

$417,627

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $27,859,927 · program services $27,859,927
2 · Grants to domestic individuals

total $4,748,925 · program services $4,748,925
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $208,449 · program services $138,445 · management and general $70,004
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $4,060,968 · program services $3,289,468 · management and general $220,506 · fundraising $550,994
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11a · Fees: management

total $0
11b · Fees: legal

total $6,302 · management and general $6,302
11c · Fees: accounting

total $64,733 · management and general $64,733
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $324,740 · management and general $324,740
11g · Fees: other

total $4,063 · fundraising $4,063
12 · Advertising and promotion

total $11,945 · fundraising $11,945
13 · Office expenses

total $60,107 · fundraising $60,107
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $62,737 · fundraising $62,737
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0
24a · Other expenses: UNCOLLECTIBLE PLEDGES REC

total $28,031 · program services $28,031

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $4,131,293 · end of year $20,248,290
3 · Pledges and grants receivable

beginning of year $27,018,420 · end of year $22,985,270
4 · Accounts receivable

beginning of year $74,008 · end of year $12,730
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,323,213 · end of year $2,102,579
10a · Land, buildings and equipment: cost or other basis

$6,972,268
10b · Land, buildings and equipment: accumulated depreciation

$3,470,852
10c · Land, buildings and equipment, net

beginning of year $1,927,730 · end of year $3,501,416
11 · Investments: publicly traded securities

beginning of year $128,772,594 · end of year $127,643,451
12 · Investments: other securities

beginning of year $15,517,171 · end of year $16,776,946
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $2,283,857 · end of year $2,529,708
17 · Accounts payable and accrued expenses

beginning of year $187,827 · end of year $120,274
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $620,392 · end of year $1,379,177
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $1,555,092 · end of year $12,018,336
27 · Net assets without donor restrictions

beginning of year $10,846,892 · end of year $11,575,197
28 · Net assets with donor restrictions

beginning of year $167,838,083 · end of year $170,707,406

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO DEVELOP AN ENVIRONMENT WHICH PROMOTES GIVING AND THEREIN SEEK, RECEIVE, MANAGE AND DISTRIBUTE RESOURCES IN A MANNER APPROPRIATE TO SUPPORT PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE OF THE UNIVERSITY.

Activities or mission (Part I)

THE MISSOURI STATE UNIVERSITY FOUNDATION SUPPORTS MISSOURI STATE UNIVERSITY BY MANAGING AND DISTRIBUTING RESOURCES RECEIVED IN FUNDRAISING CAMPAIGNS AND EVENTS.

MISSOURI STATE UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT MISSOURI STATE UNIVERSITY (MSU) BY HOLDING FUNDRAISING CAMPAIGNS AND SPECIAL EVENTS. THE ORGANIZATION PROVIDES SUPPORT FOR INSTRUCTION AND ACADEMIC PROGRAMS, STUDENT SERVICES, BROADCAST SERVICES, CAPITAL PROJECTS, AND THE GREAT SOUTHERN BANK ARENA, AS WELL AS GENERAL INSTITUTIONAL SUPPORT.

Expenses $31,315,871 · Grants $27,859,927 · Revenue $5,511,118
MISSOURI STATE UNIVERSITY FOUNDATION ALSO PROVIDES SCHOLARSHIPS TO INDIVIDUALS. DURING THE YEAR, 1,864 INDIVIDUALS RECEIVED SCHOLARSHIPS FROM THE FOUNDATION.

Expenses $4,748,925 · Grants $4,748,925

As filed on the 2022 return.

Listed in Part VII

Stephen A FoucartSTEPHEN A FOUCART

TREASURER

Total calculated

$235,258

From this org

$27,247

From related orgs

$154,398

Other

$53,613

Hours/week

6 + 34 related

Schedule J breakdown matched by us

Base

$26,810 + $151,922 related

Bonus

$150 + $850 related

Other

$287 + $1,626 related

Deferred

$6,730 + $38,137 related

Nontaxable benefits

$1,312 + $7,434 related

Filer's total

$35,289 + $199,969 related
W Brent DunnW BRENT DUNN

EXECUTIVE DIRECTOR

Total calculated

$230,742

From this org

$102,904

From related orgs

$68,603

Other

$59,235

Hours/week

24 + 16 related

Schedule J breakdown matched by us

Base

$101,717 + $67,812 related

Bonus

$600 + $400 related

Other

$587 + $391 related

Deferred

$26,074 + $17,382 related

Nontaxable benefits

$9,467 + $6,312 related

Filer's total

$138,445 + $92,297 related
Cindy BusbyCINDY BUSBY

SECRETARY

Total calculated

$99,182

From this org

$25,843

From related orgs

$47,995

Other

$25,344

Hours/week

14 + 26 related
Beverly KeltnerBEVERLY KELTNER

TRUSTEE BEG 1/23

Total calculated

$0

Hours/week

1
Bonnalie O CampbellBONNALIE O CAMPBELL

TRUSTEE

Total calculated

$0

Hours/week

1
Diane JenkinsDIANE JENKINS

TRUSTEE

Total calculated

$0

Hours/week

1
Jim WilsonJIM WILSON

CHAIR ELECT

Total calculated

$0

Hours/week

1
John D FosterJOHN D FOSTER

TRUSTEE

Total calculated

$0

Hours/week

1
Judy BreedingJUDY BREEDING

TRUSTEE BEG 1/23

Total calculated

$0

Hours/week

1
Karen L HornyKAREN L HORNY

TRUSTEE END 1/23

Total calculated

$0

Hours/week

1
Mark McQuearyMARK MCQUEARY

CHAIR

Total calculated

$0

Hours/week

1
Mary H SchragMARY H SCHRAG

TRUSTEE

Total calculated

$0

Hours/week

1
Robert A FosterROBERT A FOSTER

TRUSTEE END 1/23

Total calculated

$0

Hours/week

1
Tim FooteTIM FOOTE

TRUSTEE

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Travel for companions
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A: TRAVEL FOR COMPANIONS: THIS WAS RECEIVED BY BRENT DUNN AS NON-TAXABLE COMPENSATION.
SCHEDULE J, PART I, LINE 3: EXECUTIVE COMPENSATION: MISSOURI STATE UNIVERSITY, A RELATED ORGANIZATION, USES APPROVAL BY THE BOARD TO DETERMINE THE COMPENSATION OF EXECUTIVE DIRECTOR, BRENT DUNN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

MISSOURI STATE UNIVERSITY

$27,859,927

SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

MISSOURI STATE UNIVERSITY

UNIVERSITY · MO

Directly controlled by NONE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

521 PROPERTIES LLC

REALTY RENT · MO · income $12,790 · assets $1,775,713

Directly controlled by MSU FDN

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202441299349302769

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