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Nonprofiteer
← WESTERN ILLINOIS UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by WESTERN ILLINOIS UNIVERSITY FOUNDATION.

Totals

Total revenue
$13,975,943
Total expenses
$11,670,602
Contributions and grants received
$8,868,582
Grants paid
$3,951,590
Program service revenue
$0
Investment income
$4,177,595
Other revenue
$929,766
Total assets, end of year
$115,056,948
Total liabilities, end of year
$1,349,922
Net assets or fund balances, end of year
$113,707,026
Program services expenses (Part IX)
$9,154,578
Management and general expenses
$1,779,419
Fundraising expenses
$736,605
Program service expenses (Part III)
$9,154,578

Program services were 78.4% 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

    $157,340

  • 1e · Government grants (contributions)

    $505,741

  • 1f · All other contributions, gifts and grants

    $8,205,501

  • 1g · Noncash contributions included above

    $542,371

  • 3 · Investment income

    total $3,927,138 · excluded $3,927,138

  • 5 · Royalties

    total $120,109 · excluded $120,109

  • 7a · Gross sales of assets other than inventory

    securities $5,712,522

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

    securities $5,462,065

  • 7c · Gain or loss

    securities $250,457

  • 7d · Net gain or loss

    total $250,457 · excluded $250,457

  • 8a · Fundraising events: gross income

    $451,419

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

    $157,340

  • 8b · Fundraising events: direct expenses

    $304,584

  • 8c · Net income from fundraising events

    total $146,835 · excluded $146,835

  • 11a · Other revenue: Other income

    total $648,596 · excluded $648,596

  • 11b · Other revenue: Farm income

    total $14,226 · unrelated business $14,226

  • 11e · Other revenue, total

    $662,822

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $812,634 · program services $812,634

  • 2 · Grants to domestic individuals

    total $3,138,956 · program services $3,138,956

  • 11b · Fees: legal

    total $7,564 · program services $3,670 · management and general $3,894

  • 11c · Fees: accounting

    total $41,430 · management and general $41,430

  • 11f · Fees: investment management

    total $1,003,675 · program services $889,677 · management and general $113,998

  • 11g · Fees: other

    total $11,675 · program services $4,675 · management and general $7,000

  • 12 · Advertising and promotion

    total $122,365 · program services $105,735 · management and general $9,694 · fundraising $6,936

  • 13 · Office expenses

    total $474,404 · program services $402,587 · management and general $27,945 · fundraising $43,872

  • 16 · Occupancy

    total $91,921 · program services $83,552 · management and general $8,369

  • 17 · Travel

    total $650,212 · program services $608,120 · management and general $41,047 · fundraising $1,045

  • 19 · Conferences, conventions and meetings

    total $56,816 · program services $44,538 · management and general $12,278

  • 20 · Interest

    total $20,413 · program services $20,413

  • 22 · Depreciation, depletion and amortization

    total $1,252 · program services $1,252

  • 23 · Insurance

    total $54,966 · program services $4,764 · management and general $50,202

  • 24a · Other expenses: Taxes

    total $27,692 · program services $23,164 · management and general $4,528

  • 24b · Other expenses: Other contractual servi

    total $1,740,444 · program services $1,396,080 · management and general $216,370 · fundraising $127,994

  • 24c · Other expenses: Personnel Costs

    total $1,369,385 · management and general $844,295 · fundraising $525,090

  • 24d · Other expenses: Other university suppor

    total $922,649 · program services $587,726 · management and general $334,839 · fundraising $84

  • 24e · All other expenses

    total $1,122,149 · program services $1,027,035 · management and general $63,530 · fundraising $31,584

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,130,132 · end of year $1,384,490

  • 3 · Pledges and grants receivable

    beginning of year $2,908,811 · end of year $1,037,720

  • 7 · Other notes and loans receivable

    beginning of year $26,678 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $102,670 · end of year $137,635

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,909 · end of year $160,408

  • 10a · Land, buildings and equipment: cost or other basis

    $1,337,966

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,431

  • 10c · Land, buildings and equipment, net

    beginning of year $1,314,937 · end of year $1,332,535

  • 12 · Investments: other securities

    beginning of year $91,915,984 · end of year $103,966,916

  • 15 · Other assets

    beginning of year $6,144,344 · end of year $7,037,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $411,820 · end of year $158,996

  • 19 · Deferred revenue

    beginning of year $267,029 · end of year $393,541

  • 23 · Secured mortgages and notes payable

    beginning of year $495,893 · end of year $426,784

  • 25 · Other liabilities

    beginning of year $376,722 · end of year $370,601

  • 27 · Net assets without donor restrictions

    beginning of year $11,558,108 · end of year $13,534,300

  • 28 · Net assets with donor restrictions

    beginning of year $91,519,893 · end of year $100,172,726

Mission and programs · 2023

Mission

Our mission is to maximize private support for Western Illinois University to assist in advancing its core values of academic excellence, educational opportunity, personal growth, and social responsibility. Private support enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.Private assistance is sought and administered with the primary objective of serving purposes other than those for which the State of Illinois makes sufficient appropriations.These contributions, when added to State resources, add an extra dimension by supporting programs that might not otherwise be possible. Such generosity enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.

Activities or mission (Part I)

The mission of the WIU Foundation is to maximize private support for Western Illinois University to assist in advancing its core values of academic excellence, educational opportunity, personal growth, and social responsibility. Private support enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.Private assistance is sought and administered with the primary objective of serving purposes other than those for which the State of Illinois makes sufficient appropriations.These contributions, when added to State resources, add an extra dimension by supporting programs that might not otherwise be possible. Such generosity enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.

  • Approximately, 3,219 scholarships and 34 faculty & staff awards were distributed during the year. Grant totals: Scholarships: $3,138,957; Faculty awards and grants $35,493; Education: $777,140; TOTAL: $3,951,590.

    Expenses $3,951,590 · Grants $3,951,590

  • University: Provided financial support to departments, instructions, research, special projects, and other designated areas to enhance a variety of university programs.

    Expenses $5,202,988

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David L Miller

    President

    Total calculated
    $0
    Hours/week
    0.1

  • Randall S Germeraad

    Vice President

    Total calculated
    $0
    Hours/week
    0.6

  • Jason L Duncan

    Secretary

    Total calculated
    $0
    Hours/week
    0.4

  • Larry T Balsamo

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Robert K Baumann

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Patrick J Burke

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Lorraine Epperson

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Nicholas H Estes

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Charles C Gilbert

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • John E Hallwas

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Laura J Janus

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Steven J McCann

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Janice Owens

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jacqueline K Thompson

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Rhonda Haffner

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Arsenio Mims

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Turner

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Todd Lester

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Bradley L Bainter

    Executive Director thru 12/31

    Total calculated
    $54,139
    From this org
    $0
    From related orgs
    $54,139
    Other
    $0
    Hours/week
    37.5

  • Clare A Thompson

    Executive Director starting 1/1

    Total calculated
    $68,462
    From this org
    $0
    From related orgs
    $33,753
    Other
    $34,709
    Hours/week
    37.5

  • Holly Sutton

    non-voting, Treasurer

    Total calculated
    $86,212
    From this org
    $0
    From related orgs
    $70,016
    Other
    $16,196
    Hours/week
    37.5

  • Stacy Dorethy

    Recording Secretary

    Total calculated
    $95,641
    From this org
    $0
    From related orgs
    $66,265
    Other
    $29,376
    Hours/week
    37.5

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

  • Western Illinois University

    $812,634

    WIU faculty awards and grants, education

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.

  • Western Illinois University

    115a · Education · IL

Provenance

Return type
form_990
Tax year
2023
Filed
18 March 2025
IRS schema version
2023v6.0
Source object
202500839349301015

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