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Nonprofiteer
← WSU TECH FOUNDATION

Form 990 for tax year 2022

Filed by WSU TECH FOUNDATION.

Totals

Total revenue
$871,634
Total expenses
$568,609
Contributions and grants received
$733,084
Grants paid
$506,347
Program service revenue
$0
Investment income
$155,435
Other revenue
-$16,885
Total assets, end of year
$4,175,681
Total liabilities, end of year
$203,333
Net assets or fund balances, end of year
$3,972,348
Program services expenses (Part IX)
$526,218
Management and general expenses
$42,391
Fundraising expenses
$0
Program service expenses (Part III)
$526,218

Program services were 92.5% 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

    $112,168

  • 1f · All other contributions, gifts and grants

    $620,916

  • 1g · Noncash contributions included above

    $282,697

  • 3 · Investment income

    total $80,754 · excluded $80,754

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $868,273

  • 7b · Less cost or other basis and sales expenses

    securities $793,592

  • 7c · Gain or loss

    securities $74,681

  • 7d · Net gain or loss

    total $74,681 · excluded $74,681

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $112,168

  • 8b · Fundraising events: direct expenses

    $16,885

  • 8c · Net income from fundraising events

    total -$16,885 · excluded -$16,885

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $392,911 · program services $392,911

  • 2 · Grants to domestic individuals

    total $113,436 · program services $113,436

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 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 $0

  • 11c · Fees: accounting

    total $5,623 · management and general $5,623

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $28,019 · management and general $28,019

  • 11g · Fees: other

    total $6,631 · program services $820 · management and general $5,811

  • 12 · Advertising and promotion

    total $3,365 · program services $2,744 · management and general $621

  • 13 · Office expenses

    total $13,270 · program services $11,048 · management and general $2,222

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $816 · program services $816

  • 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: LICENSES

    total $40 · management and general $40

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $4,498 · program services $4,443 · management and general $55

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 $248,682 · end of year $271,840

  • 3 · Pledges and grants receivable

    beginning of year $286,812 · end of year $218,241

  • 4 · Accounts receivable

    beginning of year $0 · end of year $6,466

  • 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 $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,164,122 · end of year $3,679,134

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $23,318

  • 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 $250,687 · end of year $180,015

  • 27 · Net assets without donor restrictions

    beginning of year $464,146 · end of year $405,383

  • 28 · Net assets with donor restrictions

    beginning of year $2,984,783 · end of year $3,566,965

Mission and programs · 2022

Mission

TO SUPPORT, ASSIST AND PROMOTE THE INTEREST AND WELFARE OF WSU TECH AND ITS PROGRAMS AND ACTIVITIES.

  • SUPPORT, ASSIST AND PROMOTE THE INTEREST AND WELFARE OF WSU TECH AN ITS PROGRAMS AND ACTIVITIES.

    Expenses $526,218 · Grants $506,347

As filed on the 2022 return.

Listed in Part VII

  • Sheree Utash

    PRESIDENT

    Total calculated
    $285,769
    From this org
    $0
    From related orgs
    $245,718
    Other
    $40,051
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,718 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,556 related
    Nontaxable benefits
    $0 + $17,495 related
    Filer's total
    $0 + $285,769 related

  • Marlo Dolezal

    VP OF FINANCE AND ADMIN

    Total calculated
    $171,023
    From this org
    $0
    From related orgs
    $126,055
    Other
    $44,968
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,513 related
    Bonus
    $0
    Other
    $0 + $1,542 related
    Deferred
    $0 + $19,834 related
    Nontaxable benefits
    $0 + $25,134 related
    Filer's total
    $0 + $171,023 related

  • Mia Lee

    DIRECTOR

    Total calculated
    $2,896
    From this org
    $0
    From related orgs
    $2,880
    Other
    $16
    Hours/week
    1 + 5 related

  • Clarke Carnahan

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Molly Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Schwendeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Grover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sally Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Harder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Norton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Zinabu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pete Geoghegan

    DIRECTOR

    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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

  • WICHITA STATE UNIVERSITY

    GOVT · EDUCATION · KS

    Directly controlled by NA

  • WSU TECH

    GOVT · EDUCATION · KS

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441349349303779

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