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Nonprofiteer
← BOWLING GREEN STATE UNIVERSITY FOUNDATION INC

Form 990 for tax year 2023

Filed by BOWLING GREEN STATE UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$39,561,989
Total expenses
$33,978,881
Contributions and grants received
$22,197,512
Grants paid
$24,253,004
Program service revenue
$296,391
Investment income
$17,092,186
Other revenue
-$24,100
Total assets, end of year
$319,934,930
Total liabilities, end of year
$3,212,468
Net assets or fund balances, end of year
$316,722,462
Program services expenses (Part IX)
$27,069,566
Management and general expenses
$3,446,585
Fundraising expenses
$3,462,730
Program service expenses (Part III)
$27,069,566

Program services were 79.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $281,974

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $21,915,538

  • 1g · Noncash contributions included above

    $1,851,126

  • 2a · Program service revenue: PROGRAM DEVELOPMENT

    total $296,391 · related or exempt $296,391 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,660,710 · related or exempt $0 · unrelated business $230,705 · excluded $6,430,005

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $23,030,523 · other assets $0

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

    securities $12,599,047 · other assets $0

  • 7c · Gain or loss

    securities $10,431,476 · other assets $0

  • 7d · Net gain or loss

    total $10,431,476 · related or exempt $0 · unrelated business $0 · excluded $10,431,476

  • 8a · Fundraising events: gross income

    $76,466

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

    $281,974

  • 8b · Fundraising events: direct expenses

    $100,566

  • 8c · Net income from fundraising events

    total -$24,100 · unrelated business $0 · excluded -$24,100

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,496,772 · program services $11,496,772

  • 2 · Grants to domestic individuals

    total $12,756,232 · program services $12,756,232

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,714 · program services $322 · management and general $776 · fundraising $1,616

  • 11c · Fees: accounting

    total $46,647 · program services $5,537 · management and general $13,337 · fundraising $27,773

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $1,353,156 · program services $474,089 · management and general $874,904 · fundraising $4,163

  • 12 · Advertising and promotion

    total $89,803 · program services $62,673 · management and general $7,638 · fundraising $19,492

  • 13 · Office expenses

    total $1,300,615 · program services $154,382 · management and general $371,869 · fundraising $774,364

  • 14 · Information technology

    total $54,322 · program services $6,448 · management and general $15,532 · fundraising $32,342

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $761,580 · program services $90,399 · management and general $217,749 · fundraising $453,432

  • 17 · Travel

    total $1,070,843 · program services $127,108 · management and general $306,173 · fundraising $637,562

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $158,745 · program services $18,843 · management and general $45,388 · fundraising $94,514

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $47,852 · program services $45,636 · management and general $2,216 · fundraising $0

  • 24a · Other expenses: UNIVERSITY PROGRAMMING

    total $3,342,850 · program services $1,633,375 · management and general $512,229 · fundraising $1,197,246

  • 24b · Other expenses: STEWARDSHIP EVENTS

    total $1,216,001 · program services $152,488 · management and general $969,749 · fundraising $93,764

  • 24c · Other expenses: FEES/DUES/SUBSCRIPTIONS/ETC

    total $144,105 · program services $17,105 · management and general $41,202 · fundraising $85,798

  • 24d · Other expenses: OTHER EXPENSES

    total $136,644 · program services $28,157 · management and general $67,823 · fundraising $40,664

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,914,180 · end of year $2,501,216

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $14,337,398 · end of year $10,806,102

  • 4 · Accounts receivable

    beginning of year $645,804 · end of year $295,039

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $107,565 · end of year $129,242

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $237,679,887 · end of year $261,562,068

  • 12 · Investments: other securities

    beginning of year $36,793,968 · end of year $41,458,618

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,147,627 · end of year $3,182,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,021,273 · end of year $821,948

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,698,463 · end of year $2,390,520

  • 27 · Net assets without donor restrictions

    beginning of year $24,431,944 · end of year $33,159,743

  • 28 · Net assets with donor restrictions

    beginning of year $267,474,749 · end of year $283,562,719

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS THE MISSION, VISION, AND STRATEGIC PLANNING OF BOWLING GREEN STATE UNIVERSITY BY: 1) INSPIRING ALUMNI, FRIENDS, STUDENTS, FACULTY, AND STAFF TO BE DONORS AND ASSISTING IN THE COLLECTION OF PHILANTHROPIC RESOURCES FOR THE BENEFIT OF THE UNIVERSITY. 2) UTILIZING ALL AVAILABLE RESOURCES FOR THE BETTERMENT OF THE UNIVERSITY, CONSISTENT WITH THE GOALS AND INTENTION OF ITS DONORS. 3) PROVIDING DONORS WITH OPPORTUNITIES TO WITNESS AND EXPERIENCE THE IMPACT OF THEIR PHILANTHROPY.

Activities or mission (Part I)

THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY BY RECEIVING, INVESTING AND STEWARDING PRIVATE GIFTS, AND BY ENCOURAGING PROSPECTIVE DONORS TO GIVE.

  • PROVIDING SCHOLARSHIPS AND AWARDS IS A CRITICAL PART OF THE BGSU FOUNDATION, INC. THE FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY THROUGH ITS COMMITMENT TO ACCESS, AFFORDABILITY AND OPPORTUNITY. SCHOLARSHIPS AND AWARDS ARE GRANTED BASED ON DEFINED GUIDELINES AND PREREQUISITES.

    Expenses $12,756,232 · Grants $12,756,232

  • THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT TO ACADEMIC AND ADMINISTRATIVE DEPARTMENTS OF BOWLING GREEN STATE UNIVERSITY THAT ADVANCE THE STRATEGIC PLAN OF THE UNIVERSITY AND THE UNIVERSITY'S MISSION TO FOSTER ENGAGED CITIZENSHIP, GLOBAL LEADERSHIP AND CAREER PREPAREDNESS.

    Expenses $9,022,537 · Grants $11,237,137 · Revenue $296,391

  • THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT THAT ALLOWS THE BOWLING GREEN STATE UNIVERSITY TO MOVE FORWARD WITH CAPITAL PROJECTS AND IMPROVEMENTS THAT ENHANCE THE CAMPUS COMMUNITY WITH LEARNING, DISCOVERY AND ENGAGEMENT.

    Expenses $5,290,797

As filed on the 2023 return.

Listed in Part VII

  • Anthony Rucci

    DIRECTOR, BAORD CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • C Ray Mullins

    DIRECTOR, BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Emanuele Conti

    DIRECTOR, IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pamela J Conlin

    DIRECTOR, BGSU FOUNDATION PRESIDENT & CEO

    Total calculated
    $400,855
    From this org
    $0
    From related orgs
    $326,957
    Other
    $73,898
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,214 related
    Bonus
    $0
    Other
    $0 + $7,743 related
    Deferred
    $0 + $45,010 related
    Nontaxable benefits
    $0 + $28,888 related
    Filer's total
    $0 + $400,855 related

  • Valerie Newell

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alex Barclay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arthur Tuttle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Sandman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • C Raymond Marvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Ware

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Levey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gary Benz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Forte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Holly Horn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Miller-Blakely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Gawaluck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Riedl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judith Sommers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julieann Brandle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justus Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karla Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Grass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Davis Watters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcele Stiffler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Foss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Beth Pate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Winner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ravi Kandikonda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney K Rogers

    DIRECTOR, BGSU PRESIDENT

    Total calculated
    $840,122
    From this org
    $0
    From related orgs
    $595,471
    Other
    $244,651
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,283 related
    Bonus
    $0 + $77,063 related
    Other
    $0 + $6,125 related
    Deferred
    $0 + $230,819 related
    Nontaxable benefits
    $0 + $13,832 related
    Filer's total
    $0 + $840,122 related

  • Shirley Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Spencer Seaman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Bair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherideen Stoll

    BGSU VP FINANCE & ADMININSTRATION/CFO

    Total calculated
    $417,348
    From this org
    $0
    From related orgs
    $345,104
    Other
    $72,244
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,510 related
    Bonus
    $0
    Other
    $0 + $594 related
    Deferred
    $0 + $48,503 related
    Nontaxable benefits
    $0 + $23,741 related
    Filer's total
    $0 + $417,348 related

  • Adrea Nicole Spoon

    AVP, ALUMNI ENG & ANNUAL GIVING

    Total calculated
    $170,475
    From this org
    $0
    From related orgs
    $128,525
    Other
    $41,950
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,435 related
    Bonus
    $0
    Other
    $0 + $90 related
    Deferred
    $0 + $18,949 related
    Nontaxable benefits
    $0 + $23,001 related
    Filer's total
    $0 + $170,475 related

  • Danielle P Solis

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $137,836
    From this org
    $0
    From related orgs
    $114,488
    Other
    $23,348
    Hours/week
    40

  • Jeremy Ball

    AVP OF ADVANCEMENT SERVICES

    Total calculated
    $218,963
    From this org
    $0
    From related orgs
    $158,288
    Other
    $60,675
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,553 related
    Bonus
    $0
    Other
    $0 + $735 related
    Deferred
    $0 + $23,437 related
    Nontaxable benefits
    $0 + $37,238 related
    Filer's total
    $0 + $218,963 related

  • Jordan Cravens

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $136,389
    From this org
    $0
    From related orgs
    $104,276
    Other
    $32,113
    Hours/week
    40

  • Laura Moore

    EXEC DIR, DONOR RELATIONS & STEWARDSHIP

    Total calculated
    $146,470
    From this org
    $0
    From related orgs
    $115,615
    Other
    $30,855
    Hours/week
    35 + 5 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 TOP MANAGEMENT OFFICIAL OF THE FOUNDATION IS EMPLOYED BY THE UNIVERSITY AND THEREFORE THE UNIVERSITY ESTABLISHES THE COMPENSATION FOR THAT INDIVIDUAL.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
DR. RODNEY ROGERS, UNIVERSITY PRESIDENT, PARTICIPATES IN BOWLING GREEN STATE UNIVERSITY'S NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT OR SECTION 457(F) PLAN. AT THE END OF EACH CONTRACT YEAR COMMENCING ON JANUARY 1, 2018 AND ENDING WITH THE CONTRACT YEAR COMMENCING ON JUNE 30, 2023 AND AS EXTENDED THROUGH JUNE 30, 2028 PER RESOLUTION OF THE BOARD OF TRUSTEES, AN AMOUNT EQUAL TO A PERCENTAGE, AS DETERMINED BY THE BOARD OF TRUSTEES, OF DR. ROGERS' BASE SALARY WILL BE CONTRIBUTED TO THE DEFERRED COMPENSATION ACCOUNT IN ADDITION TO ANY OTHER AMOUNTS APPROVED BY THE BOARD OF TRUSTEES. IF ROGERS IS TERMINATED DURING A CONTRACT YEAR, ROGERS' ACCOUNT SHALL BE CREDITED WITH AN AMOUNT EQUAL TO TWENTY PERCENT (20%) OF ROGERS' BASE SALARY FOR SUCH CONTRACT YEAR, DIVIDED BY TWELVE (12) AND MULTIPLIED BY THE NUMBER OF MONTHS OF THE CONTRACT YEAR THAT ROGERS WAS EMPLOYED AS THE BGSU PRESIDENT ON THE LAST DAY OF THE MONTH. CALENDAR YEAR 2023 DEFERRAL AMOUNT = $157,168

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

  • BOWLING GREEN STATE UNIVERSITY

    $11,985,972

    TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE.

  • BGSU ALUMNI ASSOCIATION

    $150,000

    TO SUPPORT THE ALUMNI ASSOCIATION'S EXEMPT PURPOSE.

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.

  • BOWLING GREEN STATE UNIVERSITY

    EDUCATION · OH

    Directly controlled by NA

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS

    Trust · INVESTMENT · OH · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202511289349303476

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