Form 990 for tax year 2023
Filed by MIDWESTERN UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $4,343,768
- Total expenses
- $2,665,189
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,090,079
- Investment income
- $1,253,689
- Other revenue
- $0
- Total assets, end of year
- $87,445,508
- Total liabilities, end of year
- $77,301,627
- Net assets or fund balances, end of year
- $10,143,881
- Program services expenses (Part IX)
- $2,467,539
- Management and general expenses
- $197,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,467,539
Program services were 92.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
JEAN L BAXTER JD
VICE CHAIRPERSON/DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KATHLEEN H GOEPPINGER PHD
PRESIDENT, CEO, DIRECTOR
- Total calculated
- $1,878,648
- From this org
- $0
- From related orgs
- $1,826,086
- Other
- $52,562
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $973,199 related
- Bonus
- $0 + $606,015 related
- Other
- $0 + $246,872 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $19,562 related
- Filer's total
- $0 + $1,878,648 related
-
KENNETH R HERLIN MA MBA CPA
Secretary, Treasurer, DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KEVIN D LEAHY FACHE
CHAIRPERSON, DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gregory J Gaus
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MADELINE R LEWIS DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
THOMAS EGGLESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WARREN B GRAYSON JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GREGORY L O'COYNE CPA
VICE PRESIDENT, FINANCE
- Total calculated
- $527,115
- From this org
- $0
- From related orgs
- $464,769
- Other
- $62,346
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $332,210 related
- Bonus
- $0 + $122,912 related
- Other
- $0 + $9,647 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $29,346 related
- Filer's total
- $0 + $527,115 related
-
MATTHEW J SWEENEY CPA
ASSISTANT TREASURER, CFO, VICE PRESIDENT
- Total calculated
- $771,890
- From this org
- $0
- From related orgs
- $708,646
- Other
- $63,244
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $435,042 related
- Bonus
- $0 + $240,375 related
- Other
- $0 + $33,229 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $30,244 related
- Filer's total
- $0 + $771,890 related
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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- THE FOUNDATION RELIES ON MIDWESTERN UNIVERSITY TO DETERMINE COMPENSATION OF THE ORGANIZATION'S CEO. MIDWESTERN UNIVERSITY USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
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
No itemized grants to organizations 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.
-
501(c)(3) · HIGHER EDUCATION · IL
Directly controlled by NA
-
MIDWESTERN UNIVERSITY HOSPITALS & MEDICAL CENTERS
501(c)(3) · INACTIVE · IL
Directly controlled by MIDWESTERN UNIVERSITY
-
MIDWESTERN UNIVERSITY PROPERTIES CORP
501(c)(2) · TITLE HOLDING · IL
Directly controlled by MIDWESTERN UNIVERSITY
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
OSTEOPATHIC MANAGEMENT ENTERPRISES INC
C Corporation · INACTIVE · IL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521349349312232
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