Form 990 for tax year 2022
Filed by WINONA STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $6,516,255
- Total expenses
- $4,231,356
- Contributions and grants received
- $2,881,382
- Grants paid
- $2,987,457
- Program service revenue
- $859,397
- Investment income
- $2,570,395
- Other revenue
- $205,081
- Total assets, end of year
- $79,737,621
- Total liabilities, end of year
- $11,249,318
- Net assets or fund balances, end of year
- $68,488,303
- Program services expenses (Part IX)
- $3,685,701
- Management and general expenses
- $478,605
- Fundraising expenses
- $67,050
- Program service expenses (Part III)
- $3,685,701
Program services were 87.1% 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.
-
1f · All other contributions, gifts and grants
$2,881,382
-
1g · Noncash contributions included above
$43,648
-
2a · Program service revenue: STUDENT HOUSING
total $775,406 · related or exempt $775,406
-
2b · Program service revenue: OTHER PROGRAM ACTIVITIES
total $83,991 · related or exempt $83,991
-
3 · Investment income
total $1,384,989 · excluded $1,384,989
-
6a · Gross rents
real property $20,304
-
6b · Less rental expenses
real property $42,779
-
6c · Rental income or loss
real property -$22,475
-
6d · Net rental income or loss
total -$22,475 · unrelated business -$22,475
-
7a · Gross sales of assets other than inventory
securities $27,893,987
-
7b · Less cost or other basis and sales expenses
securities $26,708,581
-
7c · Gain or loss
securities $1,185,406
-
7d · Net gain or loss
total $1,185,406 · excluded $1,185,406
-
8a · Fundraising events: gross income
$300,483
-
8b · Fundraising events: direct expenses
$72,927
-
8c · Net income from fundraising events
total $227,556 · excluded $227,556
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $900,243 · program services $900,243
-
2 · Grants to domestic individuals
total $2,087,214 · program services $2,087,214
-
11c · Fees: accounting
total $23,975 · management and general $23,975
-
11f · Fees: investment management
total $230,082 · management and general $230,082
-
17 · Travel
total $24,230 · management and general $24,230
-
20 · Interest
total $231,998 · program services $231,998
-
22 · Depreciation, depletion and amortization
total $268,632 · program services $268,632
-
24a · Other expenses: SPECIAL PROJECTS
total $192,935 · program services $192,935
-
24b · Other expenses: SOFTWARE FEES
total $150,247 · management and general $150,247
-
24c · Other expenses: DEVELOPMENT ACTIVITIES
total $67,050 · fundraising $67,050
-
24d · Other expenses: BAD DEBT
total $28,000 · management and general $28,000
-
24e · All other expenses
total $26,750 · program services $4,679 · management and general $22,071
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,486,819 · end of year $1,349,891
-
3 · Pledges and grants receivable
beginning of year $513,735 · end of year $1,171,853
-
4 · Accounts receivable
beginning of year $40,139 · end of year $147,720
-
9 · Prepaid expenses and deferred charges
beginning of year $222,054 · end of year $222,054
-
10a · Land, buildings and equipment: cost or other basis
$20,504,967
-
10b · Land, buildings and equipment: accumulated depreciation
$5,693,167
-
10c · Land, buildings and equipment, net
beginning of year $10,607,725 · end of year $14,811,800
-
11 · Investments: publicly traded securities
beginning of year $56,172,259 · end of year $61,090,366
-
15 · Other assets
beginning of year $931,372 · end of year $943,937
-
17 · Accounts payable and accrued expenses
beginning of year $2,693,511 · end of year $2,828,318
-
18 · Grants payable
beginning of year $19,222 · end of year $111,308
-
23 · Secured mortgages and notes payable
beginning of year $4,556,482 · end of year $8,197,523
-
25 · Other liabilities
beginning of year $127,718 · end of year $112,169
-
27 · Net assets without donor restrictions
beginning of year $4,584,470 · end of year $5,345,002
-
28 · Net assets with donor restrictions
beginning of year $58,992,700 · end of year $63,143,301
Mission and programs · 2022
Mission
ENCOURAGE BEQUESTS AND DONATIONS FOR THE BENEFIT OF STUDENTS AND THE EDUCATIONAL PROGRAMS OF WINONA STATE UNIVERSITY
Activities or mission (Part I)
ENCOURAGE BEQUESTS AND DONATIONSFOR THE BENEFIT OF THE EDUCATION PROGRAMS OF WINONA STATE UNIVERSITY
-
SCHOLARSHIPS TO APPROXIMATELY 775 WINONA STATE UNIVERSITY STUDENTS.
Expenses $2,087,214 · Grants $2,087,214
-
STUDENT HOUSING ACTIVITIES, THE FOUNDATION OPERATES STUDENT HOUSING COMPRISING 100 UNITS AND MORE THAN 370 STUDENTS.
Expenses $340,154 · Revenue $775,406
-
GRANTS AND EXPENDITURES SUPPORTING WINONA STATE UNIVERSITY PROGRAMS AND ACTIVITIES. THE FOUNDATION GRANTS SUPPORT OVER 120 INDIVIDUAL PROGRAMS AT WINONA STATE UNIVERSITY.
Expenses $1,258,333 · Grants $900,243 · Revenue $83,990
As filed on the 2022 return.
Listed in Part VII
-
Thomas WynnTHOMAS WYNN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Diane AmundsonDIANE AMUNDSON
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 5
-
Bob StraussBOB STRAUSS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
John McSheaJOHN MCSHEA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Scott OlsonSCOTT OLSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Howard BickerHOWARD BICKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
George BolonGEORGE BOLON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob BrewerBOB BREWER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott EllinghuysenSCOTT ELLINGHUYSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kris WenkerKRIS WENKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew GeislingerANDREW GEISLINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie ClipperBONNIE CLIPPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reggie JohnsonREGGIE JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark NicholsMARK NICHOLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim MisslingTIM MISSLING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ken MogrenKEN MOGREN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan MortensenDAN MORTENSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob NeisBOB NEIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott JohnsonSCOTT JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott OpferSCOTT OPFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rill ReuterRILL REUTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David RubensteinDAVID RUBENSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jon OlsonJON OLSON
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
Michael RussellMICHAEL RUSSELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Aurea OsgoodAUREA OSGOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Phil SonnebergPHIL SONNEBERG
CFO
- Total calculated
- $0
- Hours/week
- 40
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.
Grants on this return
-
WINONA STATE UNIVERSITY
$900,243
SUPPORT EDUCATIONAL PROGRAMS AND STUDENTS AT WINONA STATE UNIVERSITY FOUNDATION.
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.
-
501(C)(7) · TRAINING · MN
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.
-
WSUF HOUSING LLC
STUDENT HOUSING · MN · income $775,406 · assets $5,895,556
Directly controlled by WINONA STATE UNIVERSITY FOUNDATION
-
WSUF REF LLC
STUDENT HOUSING · MN · assets $4,472,709
Directly controlled by WINONA STATE UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410169349304876
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