Form 990 for tax year 2022
Filed by VINCENNES UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $4,521,962
- Total expenses
- $4,665,756
- Contributions and grants received
- $2,345,997
- Grants paid
- $3,137,737
- Program service revenue
- $647,733
- Investment income
- $1,534,436
- Other revenue
- -$6,204
- Total assets, end of year
- $118,259,845
- Total liabilities, end of year
- $66,377,834
- Net assets or fund balances, end of year
- $51,882,011
- Program services expenses (Part IX)
- $3,766,766
- Management and general expenses
- $699,692
- Fundraising expenses
- $199,298
- Program service expenses (Part III)
- $3,766,766
Program services were 80.7% 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
$27,200
-
1f · All other contributions, gifts and grants
$2,318,797
-
2a · Program service revenue: ADMINISTRATIVE CHARGES
total $367,303 · related or exempt $367,303
-
2b · Program service revenue: ADMISSIONS AND REVENUES
total $280,430 · related or exempt $280,430
-
3 · Investment income
total $1,244,288 · excluded $1,244,288
-
5 · Royalties
total $6,312 · excluded $6,312
-
7a · Gross sales of assets other than inventory
securities $5,923,059
-
7b · Less cost or other basis and sales expenses
securities $5,632,911
-
7c · Gain or loss
securities $290,148
-
7d · Net gain or loss
total $290,148 · excluded $290,148
-
8a · Fundraising events: gross income
$19,252
-
8a · Fundraising events: contributions included on line 1c
$27,200
-
8b · Fundraising events: direct expenses
$31,768
-
8c · Net income from fundraising events
total -$12,516 · excluded -$12,516
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,202,550 · program services $2,202,550
-
2 · Grants to domestic individuals
total $935,187 · program services $935,187
-
5 · Compensation of officers, directors and key employees
total $131,539 · program services $12,742 · management and general $48,719 · fundraising $70,078
-
7 · Other salaries and wages
total $154,887 · program services $36,605 · management and general $36,203 · fundraising $82,079
-
8 · Pension plan contributions
total $26,963 · program services $3,548 · management and general $8,492 · fundraising $14,923
-
9 · Other employee benefits
total $42,541 · program services $5,076 · management and general $18,464 · fundraising $19,001
-
10 · Payroll taxes
total $20,206 · program services $3,568 · management and general $5,770 · fundraising $10,868
-
11c · Fees: accounting
total $14,418 · management and general $14,418
-
11f · Fees: investment management
total $71,167 · management and general $71,167
-
11g · Fees: other
total $54,861 · program services $15,000 · management and general $39,861
-
12 · Advertising and promotion
total $84,876 · program services $72,303 · management and general $12,573
-
13 · Office expenses
total $493,161 · program services $100,294 · management and general $390,518 · fundraising $2,349
-
14 · Information technology
total $35,829 · management and general $35,829
-
17 · Travel
total $10,875 · program services $4,034 · management and general $6,841
-
18 · Travel or entertainment for public officials
total $2,079 · program services $415 · management and general $1,664
-
23 · Insurance
total $4,377 · management and general $4,377
-
24a · Other expenses: PROJECTS AND OUTINGS
total $380,240 · program services $375,444 · management and general $4,796 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $367,172 · end of year $313,137
-
4 · Accounts receivable
beginning of year $6,057 · end of year $2,604
-
7 · Other notes and loans receivable
beginning of year $5,342 · end of year $100
-
9 · Prepaid expenses and deferred charges
beginning of year $22,835 · end of year $23,499
-
10a · Land, buildings and equipment: cost or other basis
$1,006,246
-
10b · Land, buildings and equipment: accumulated depreciation
$8,107
-
10c · Land, buildings and equipment, net
beginning of year $984,659 · end of year $998,139
-
11 · Investments: publicly traded securities
beginning of year $112,054,463 · end of year $116,831,074
-
15 · Other assets
beginning of year $77,078 · end of year $91,292
-
17 · Accounts payable and accrued expenses
beginning of year $27,145 · end of year $29,565
-
19 · Deferred revenue
beginning of year $1,155 · end of year $45,605
-
25 · Other liabilities
beginning of year $63,777,814 · end of year $66,302,664
-
27 · Net assets without donor restrictions
beginning of year $3,733,390 · end of year $3,910,571
-
28 · Net assets with donor restrictions
beginning of year $45,978,102 · end of year $47,971,440
Mission and programs · 2022
Mission
TO SUPPORT THE HIGHER EDUCATION AND COMMUNITY SERVICE MISSIONS OF VINCENNES UNIVERSITY BY SEEKING AND RECEIVING CONTRIBUTIONS FROM ALUMNI AND FRIENDS OF THE UNIVERSITY AND THEN MAINTAINING, ADMINISTERING, AND DISTRIBUTING THESE FUNDS FOR THE BENEFIT OF VINCENNES UNIVERSITY AND ITS STUDENTS.
-
DURING 2022-2023, THE FOUNDATION AWARDED OVER $935,187 IN SCHOLARSHIPS, PROVIDING SUPPORT TO MORE THAN 458 STUDENTS. THESE SCHOLARSHIPS MAKE A REAL AND MAJOR DIFFERENCE IN VINCENNES UNIVERSITY'S ABILITY TO RECRUIT AND RETAIN ACADEMICALLY TALENTED AND FINANCIALLY UNDERSERVED STUDENTS.
Expenses $3,766,766 · Grants $3,137,737 · Revenue $647,734
-
N/A
-
N/A
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
B Pat CarterB PAT CARTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Timothy J EatonTIMOTHY J EATON
TREASURER
- Total calculated
- $248,380
- From this org
- $0
- From related orgs
- $191,070
- Other
- $57,310
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $191,070 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $57,310 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $248,380 related
-
Gregory W SturmGREGORY W STURM
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Christina ErnstCHRISTINA ERNST
VICE-CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Dr Charles Chuck JohnsonDR CHARLES CHUCK JOHNSON
UNIVERSITY PRESIDENT
- Total calculated
- $422,606
- From this org
- $0
- From related orgs
- $336,813
- Other
- $85,793
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $336,813 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $85,793 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $422,606 related
-
Kristi R DeetzKRISTI R DEETZ
FOUNDATION EXECUTIVE DIRECTOR
- Total calculated
- $147,686
- From this org
- $117,191
- From related orgs
- $0
- Other
- $30,495
- Hours/week
- 37.5
-
Harold DumesHAROLD DUMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GloverMARK GLOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob McLinROB MCLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jayne Bierhaus YoungJAYNE BIERHAUS YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk KoenigKIRK KOENIG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent D CourterBRENT D COURTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan FritchDAN FRITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David R FretteDAVID R FRETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David L MillerDAVID L MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BurchMIKE BURCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ross MartinROSS MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Will McCormickWILL MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
L Kirk BouchieL KIRK BOUCHIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristofer S WilsonKRISTOFER S WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles Shorty WhittingtonCHARLES SHORTY WHITTINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr William R VaughnDR WILLIAM R VAUGHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent StuckeyBRENT STUCKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda WaldroupLINDA WALDROUP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda ReetzBRENDA REETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bernard G NiehausBERNARD G NIEHAUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leondis Lonnie MooreLEONDIS LONNIE MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Helen SeirpHELEN SEIRP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry ZeiglerJERRY ZEIGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joyce MemeringJOYCE MEMERING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
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
-
VINCENNES UNIVERSITY
$2,202,550
CHARTING THE FUTURE
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.
-
VINCENNES UNIVERSITY
EDUCATION · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303009349301000
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