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Nonprofiteer
← MICHIGAN STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by MICHIGAN STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$31,661,100
Total expenses
$25,784,029
Contributions and grants received
$11,935,013
Grants paid
$12,695,878
Program services expenses (Part IX)
$20,739,124
Management and general expenses
$5,044,905
Fundraising expenses
$0
Program service expenses (Part III)
$20,739,124

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID WASHBURN

    CEO/EXECUTIVE DIRECTOR

    Total calculated
    $521,196
    From this org
    $456,997
    From related orgs
    $0
    Other
    $64,199
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $354,104
    Bonus
    $102,300
    Other
    $593
    Deferred
    $34,638
    Nontaxable benefits
    $29,561
    Filer's total
    $521,196

  • PHIL ZECHER

    PRESIDENT (AS OF 12/23)

    Total calculated
    $0
    Hours/week
    2

  • MELISSA WOO

    PRESIDENT (THRU 12/23)

    Total calculated
    $0
    Hours/week
    2

  • RANDOLPH COWEN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • SCOTT ESTON

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • BRUCE LEECH

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN PHILLIPS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • NORM BEAUCHAMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.2 related

  • JON BRAEUTIGAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KERMITT BROOKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY DEGRAAF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.2 related

  • HOWARD AKUMIAH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ETHEL CORMIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS GAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS GLASMACHER

    DIRECTOR (BEG 5/2024)

    Total calculated
    $0
    Hours/week
    2

  • KEVIN GUSKIEWICZ

    DIRECTOR (BEG 3/2024)

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA HEMINGWAY HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINDA HUBBARD

    DIRECTOR (THRU 05/24)

    Total calculated
    $0
    Hours/week
    2

  • THOMAS JEITSCHKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRIANNA SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM SEIFERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STAN SOKOLOWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN STEWART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANICE STIPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KELLY TEBAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOEL WITTENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TERESA WOODRUFF

    DIRECTOR (THRU 03/24)

    Total calculated
    $0
    Hours/week
    2

  • REBEKAH SKRZYNIARZ

    DIRECTOR OF FINANCE

    Total calculated
    $211,786
    From this org
    $173,118
    From related orgs
    $0
    Other
    $38,668
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $143,393
    Bonus
    $29,400
    Other
    $325
    Deferred
    $14,920
    Nontaxable benefits
    $23,748
    Filer's total
    $211,786

  • JEFFREY WESLEY

    EXECUTIVE DIRECTOR, VENTURES

    Total calculated
    $393,816
    From this org
    $333,264
    From related orgs
    $0
    Other
    $60,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,871
    Bonus
    $42,800
    Other
    $593
    Deferred
    $33,210
    Nontaxable benefits
    $27,342
    Filer's total
    $393,816

  • PREM BODAGALA

    DIR. OF RED CEDAR VENT. (THRU 01/24)

    Total calculated
    $207,725
    From this org
    $175,218
    From related orgs
    $0
    Other
    $32,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,593
    Bonus
    $23,300
    Other
    $325
    Deferred
    $15,735
    Nontaxable benefits
    $16,772
    Filer's total
    $207,725

  • BRADLEY FINGLAND

    DIRECTOR OF VENTURE CREATION

    Total calculated
    $187,352
    From this org
    $153,266
    From related orgs
    $0
    Other
    $34,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,792
    Bonus
    $20,100
    Other
    $374
    Deferred
    $13,590
    Nontaxable benefits
    $20,496
    Filer's total
    $187,352

  • FRANK URBAN

    DIRECTOR OF VENTURE CREATION

    Total calculated
    $196,027
    From this org
    $151,212
    From related orgs
    $0
    Other
    $44,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,787
    Bonus
    $20,100
    Other
    $325
    Deferred
    $13,590
    Nontaxable benefits
    $31,225
    Filer's total
    $196,027

  • KYLE MCGREGOR

    DIR. OF HEALTH INNOV.

    Total calculated
    $157,390
    From this org
    $144,845
    From related orgs
    $0
    Other
    $12,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,020
    Bonus
    $18,500
    Other
    $325
    Deferred
    $12,545
    Nontaxable benefits
    $0
    Filer's total
    $157,390

  • MATT OKONESKI

    VENTURE ASOCIATE

    Total calculated
    $157,501
    From this org
    $138,492
    From related orgs
    $0
    Other
    $19,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,167
    Bonus
    $0
    Other
    $325
    Deferred
    $13,705
    Nontaxable benefits
    $5,304
    Filer's total
    $157,501

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 — 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NON-FIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE, VARIABLE, BENEFITS, AND PERQUISITES) ARE COMPARED TO MARKET. FOR THOSE INDIVIDUALS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A, WHO ARE ELIGIBLE, BONUSES ARE PAID PURSUANT TO THEIR SERVICE AGREEMENT WITH THE ORGANIZATION. BONUS AMOUNTS ARE PROPOSED BY THE INDIVIDUAL'S SUPERVISOR TO THE CEO/EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE. THE BOARD CHAIR APPROVES FINAL BONUS AMOUNTS. BONUS AMOUNTS PAID ARE DIRECTLY CORRELATED TO THE INDIVIDUAL'S PERFORMANCE AND GOAL ACHIEVEMENT.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521349349304157

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

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