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Nonprofiteer
← UNIVERSITY OF GUAM ENDOWMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF GUAM ENDOWMENT FOUNDATION INC.

Totals

Total revenue
$2,140,363
Total expenses
$1,378,123
Contributions and grants received
$1,072,997
Grants paid
$92,250
Program service revenue
$0
Investment income
$781,047
Other revenue
$286,319
Total assets, end of year
$25,302,221
Total liabilities, end of year
$2,175,324
Net assets or fund balances, end of year
$23,126,897
Program services expenses (Part IX)
$987,165
Management and general expenses
$354,536
Fundraising expenses
$36,422
Program service expenses (Part III)
$987,165

Program services were 71.6% 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.

  • 1e · Government grants (contributions)

    $605

  • 1f · All other contributions, gifts and grants

    $1,072,392

  • 3 · Investment income

    total $734,906 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $46,141

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

    securities $0

  • 7c · Gain or loss

    securities $46,141

  • 7d · Net gain or loss

    total $46,141 · related or exempt $46,141 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $273,888

  • 8b · Fundraising events: direct expenses

    $126,682

  • 8c · Net income from fundraising events

    total $147,206 · unrelated business $0 · excluded $147,206

  • 11a · Other revenue: In-Kind Donation

    total $139,113 · related or exempt $139,113 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $139,113

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,250 · program services $92,250

  • 7 · Other salaries and wages

    total $272,459 · program services $226,141 · management and general $35,420 · fundraising $10,898

  • 11g · Fees: other

    total $37,411 · program services $0 · management and general $37,411 · fundraising $0

  • 12 · Advertising and promotion

    total $2,028 · program services $1,683 · management and general $264 · fundraising $81

  • 17 · Travel

    total $16,296 · program services $13,526 · management and general $2,118 · fundraising $652

  • 22 · Depreciation, depletion and amortization

    total $32,249 · program services $26,767 · management and general $4,192 · fundraising $1,290

  • 24a · Other expenses: Contractual Services

    total $233,307 · program services $193,645 · management and general $30,330 · fundraising $9,332

  • 24b · Other expenses: Investment

    total $198,746 · program services $0 · management and general $198,746 · fundraising $0

  • 24c · Other expenses: In-Kind Donation

    total $139,113 · program services $139,113 · management and general $0 · fundraising $0

  • 24d · Other expenses: Miscellaneous

    total $325,991 · program services $270,574 · management and general $42,379 · fundraising $13,038

  • 24e · All other expenses

    total $28,273 · program services $23,466 · management and general $3,676 · fundraising $1,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,023,441 · end of year $1,185,157

  • 3 · Pledges and grants receivable

    beginning of year $3,285,211 · end of year $3,653,948

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

    $2,384,638

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

    $133,479

  • 10c · Land, buildings and equipment, net

    beginning of year $2,283,408 · end of year $2,251,159

  • 12 · Investments: other securities

    beginning of year $20,733,509 · end of year $18,211,199

  • 15 · Other assets

    end of year $758

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,722 · end of year $28,822

  • 25 · Other liabilities

    beginning of year $1,364,453 · end of year $2,146,502

  • 27 · Net assets without donor restrictions

    beginning of year $3,535,259 · end of year -$2,804,497

  • 28 · Net assets with donor restrictions

    beginning of year $22,396,135 · end of year $25,931,394

Mission and programs · 2022

Mission

To foster and promote the growth, progress and general welfare of the University of Guam. To solicit, receive, administer and disburse gifts, grants and bequests of property of every kind, and to hold this property in trust in such a manner that the foundation deems appropriate for the benefit of the University of Guam.

  • University of Guam foundation grants provide for the capital funding necessary to implement various construction and remodeling projects for the university.

  • Endowed Scholarships. The endowed scholarships list included current scholarships for which the foundation receives monies and disburses.

    Expenses $92,250 · Revenue $1,343,054

  • Various Miscellaneous Projects, including Center for Island Sustainability, School of Business & Public Administration, College of Liberal Arts and Social Sciences.

    Expenses $894,915

As filed on the 2022 return.

Listed in Part VII

  • Roderick Leon Guerrero

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Saied Safabakhsh

    Director

    Total calculated
    $0
    Hours/week
    2

  • Thomas W Krise

    President & Executive Secretary

    Total calculated
    $0
    Hours/week
    2

  • George Chiu

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jesse J Leon Guerrero

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • John T Calvo

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Joseph F Ada

    Director

    Total calculated
    $0
    Hours/week
    2

  • David John

    Director

    Total calculated
    $0
    Hours/week
    2

  • Flo Martinez

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ramona Jones

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sandra McKeever

    Director

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349300408

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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