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← SHAWNEE STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by SHAWNEE STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$3,301,763
Total expenses
$2,059,120
Contributions and grants received
$2,604,495
Grants paid
$1,472,605
Program service revenue
$0
Investment income
$731,495
Other revenue
-$34,227
Total assets, end of year
$36,142,014
Total liabilities, end of year
$3,528,561
Net assets or fund balances, end of year
$32,613,453
Program services expenses (Part IX)
$1,643,706
Management and general expenses
$285,615
Fundraising expenses
$129,799
Program service expenses (Part III)
$1,643,706

Program services were 79.8% 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

    $51,414

  • 1e · Government grants (contributions)

    $1,069,269

  • 1f · All other contributions, gifts and grants

    $1,483,812

  • 1g · Noncash contributions included above

    $27,681

  • 3 · Investment income

    total $489,310 · excluded $489,310

  • 6a · Gross rents

    real property $407,381

  • 6b · Less rental expenses

    real property $467,229

  • 6c · Rental income or loss

    real property -$59,848

  • 6d · Net rental income or loss

    total -$59,848 · excluded -$59,848

  • 7a · Gross sales of assets other than inventory

    securities $3,798,958

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

    securities $3,556,773

  • 7c · Gain or loss

    securities $242,185

  • 7d · Net gain or loss

    total $242,185 · excluded $242,185

  • 8a · Fundraising events: gross income

    $19,218

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

    $51,414

  • 8b · Fundraising events: direct expenses

    $22,467

  • 8c · Net income from fundraising events

    total -$3,249 · excluded -$3,249

  • 11a · Other revenue: Miscellaneous Revenue

    total $28,870 · related or exempt $28,870

  • 11e · Other revenue, total

    $28,870

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,083,283 · program services $1,083,283

  • 2 · Grants to domestic individuals

    total $389,322 · program services $389,322

  • 7 · Other salaries and wages

    total $221,651 · program services $81,593 · management and general $47,399 · fundraising $92,659

  • 8 · Pension plan contributions

    total $31,031 · program services $11,423 · management and general $6,636 · fundraising $12,972

  • 9 · Other employee benefits

    total $48,906 · program services $16,817 · management and general $10,592 · fundraising $21,497

  • 10 · Payroll taxes

    total $6,406 · program services $2,359 · management and general $1,376 · fundraising $2,671

  • 11c · Fees: accounting

    total $50,775 · management and general $50,775

  • 11f · Fees: investment management

    total $71,622 · management and general $71,622

  • 11g · Fees: other

    total $9,022 · program services $9,022

  • 16 · Occupancy

    total $4,260 · management and general $4,260

  • 22 · Depreciation, depletion and amortization

    total $54,376 · management and general $54,376

  • 24a · Other expenses: OTHER EXPENSES

    total $88,466 · program services $49,887 · management and general $38,579

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,461,089 · end of year $2,005,258

  • 3 · Pledges and grants receivable

    beginning of year $586,978 · end of year $1,394,709

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

    $14,579,055

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

    $2,087,209

  • 10c · Land, buildings and equipment, net

    beginning of year $11,834,368 · end of year $12,491,846

  • 11 · Investments: publicly traded securities

    beginning of year $18,325,793 · end of year $19,813,063

  • 15 · Other assets

    beginning of year $1,094,055 · end of year $437,138

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,770 · end of year $251,092

  • 18 · Grants payable

    beginning of year $196,147 · end of year $6,137

  • 21 · Escrow or custodial account liability

    beginning of year $4,101 · end of year $4,101

  • 23 · Secured mortgages and notes payable

    beginning of year $3,145,291 · end of year $2,941,552

  • 25 · Other liabilities

    beginning of year $391,477 · end of year $325,679

  • 27 · Net assets without donor restrictions

    beginning of year $7,966,837 · end of year $9,051,326

  • 28 · Net assets with donor restrictions

    beginning of year $21,555,660 · end of year $23,562,127

Mission and programs · 2022

Mission

THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION (SSUDF) WAS CREATED AS A 501(C)(3) ORGANIZATION WITH THE MISSION OF MAKING FRIENDS AND CREATING FUNDS AND SUPPORT FOR SHAWNEE STATE UNIVERSITY.

  • STUDENT FINANCIAL AID IN THE FORM OF ACADEMIC SCHOLARSHIPS AND AWARDS, AND NEED-BASED SCHOLARSHIPS AND LOANS PROVIDED TO STUDENTS HELPS THE INSTITUTION ATTRACT THE BEST STUDENTS AND ALLOW STUDENTS WHO MIGHT OTHERWISE NOT BE AFFORDED A COLLEGE EDUCATION TO ATTEND SHAWNEE STATE UNIVERSITY. ALL SCHOLARSHIP PAYMENTS TOTALING $250,917 WERE PAID TO SHAWNEE STATE UNIVERSITY ON BEHALF OF THE ENROLLED AWARD RECIPIENT STUDENTS FOR PARTIAL PAYMENT OF TUITION, FEES AND/OR OTHER EXPENSES DIRECTLY RELATED TO EDUCATION. THE NUMBER OF UNIQUE SCHOLARSHIP RECIPIENTS DURING FISCAL YEAR 2022 WAS 111. THE FOUNDATION PASSES THROUGH 21ST CENTURY GRANTS TO THE UNIVERSITY FOR LOCAL SCHOOL DISTRICTS. THE TOTAL OF THESE PASS THROUGH GRANTS DURING FISCAL YEAR 2023 WAS $199,122. THE FOUNDATION ALSO MADE PAYMENTS TO THE UNIVERSITY DURING FISCAL YEAR 2023 TOTALING $884,161 TO BENEFIT VARIOUS UNIVERSITY PROJECTS AND PROGRAMS.

    Expenses $1,436,455 · Grants $1,436,455

  • DISBURSEMENTS TO BENEFIT THE ACADEMIC PROGRAMS OF SHAWNEE STATE UNIVERSITY.

    Expenses $112,192

  • THE FOUNDATION SUPPORTS DEPARTMENTAL PROGRAMS, FACULTY DEVELOPMENT IN THE FORM OF RESEARCH AND WRITING SUBSIDIES, AND PROVIDES FUNDS FOR VISITING SCHOLARS AND LECTURERS WHICH ARE ALL VITAL TO THE DEVELOPMENT OF THE FACULTY AT SHAWNEE STATE UNIVERSITY. GRANT PAYMENTS TOTALING $36,150 WERE PAID TO FACULTY AND STAFF FOR DIRECT SUPPORT OF RESEARCH AND ACADEMIC PROGRAMMING. THE NUMBER OF FACULTY AND STAFF GRANT RECIPIENTS DURING FISCAL YEAR 2023 WAS 17.

    Expenses $95,059 · Grants $36,150

As filed on the 2022 return.

Listed in Part VII

  • JEFFREY BAUER

    SSU PRESIDENTSSUDF BOARD MEM

    Total calculated
    $425,547
    From this org
    $0
    From related orgs
    $288,404
    Other
    $137,143
    Hours/week
    1

  • ERIC BRAUN

    SSUDF VP OF ADVANCEMENT AND E

    Total calculated
    $206,741
    From this org
    $0
    From related orgs
    $153,200
    Other
    $53,541
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $140,549 related
    Bonus
    not reported
    Other
    not reported + $12,651 related
    Deferred
    not reported + $37,039 related
    Nontaxable benefits
    not reported + $16,502 related
    Filer's total
    not reported + $206,741 related

  • JONICA BURKE

    SSUDF BOARD TREAS left 5-26-

    Total calculated
    $196,874
    From this org
    $0
    From related orgs
    $158,891
    Other
    $37,983
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $148,175 related
    Bonus
    not reported
    Other
    not reported + $10,716 related
    Deferred
    not reported + $37,983 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $196,874 related

  • JOHN WHITAKER

    SSUDF BOARD MEMBER

    Total calculated
    $173,976
    From this org
    $0
    From related orgs
    $119,026
    Other
    $54,950
    Hours/week
    1

  • CHRIS MOORE

    SSUDF EXECUTIVE DIRECTOR

    Total calculated
    $116,227
    From this org
    $0
    From related orgs
    $80,365
    Other
    $35,862
    Hours/week
    40

  • AARON ADAMS

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TROY GREGORY

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID FURBEE

    SSUDF BOARD MEMBER SSU BOT C

    Total calculated
    $0
    Hours/week
    1

  • TARRAH BOUTS

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER AIKMAN

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE TODT

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN APPLEGATE

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ED DANIELS

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANK WALLER

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONNA LYON

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBRA ESHAM

    SSUDF BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG BALLENGEE

    SSUDF TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS BROWN

    SSUDF BOARD FIA CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MATT WISECUP

    SSUDF BOARD SGP CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LLOYD MARTIN

    SSUDF BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TOM COVERT

    SSUDF PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • LISA JOHNSON

    SSUDF BOARD VICE PRESIDENT

    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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • JEFFREY BAUER Dr

    SSU PRESIDENTSSUDF BOARD MEMBER

    Schedule J breakdown

    Base
    not reported + $268,972 related
    Bonus
    not reported
    Other
    not reported + $19,432 related
    Deferred
    not reported + $70,568 related
    Nontaxable benefits
    not reported + $66,575 related
    Filer's total
    not reported + $425,547 related

  • JOHN WHITAKER Dr

    SSUDF BOARD MEMBER

    Schedule J breakdown

    Base
    not reported + $119,026 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $33,750 related
    Nontaxable benefits
    not reported + $21,200 related
    Filer's total
    not reported + $173,976 related

Answered yes

  • 1a · Discretionary spending account
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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)

No written policy information (Part I, line 1b)
THE YEARLY DISCRETIONARY ALLOWANCE PROVIDED BY THE FOUNDATION TO THE UNIVERSITY PRESIDENT IS APPROVED BY THE FOUNDATIONS BOARD ON AN ANNUAL BASIS.
Related organization compensation method (Part I, line 3)
THE RELATED ORGANIZATION USES A PROCESS FOR DETERMINING COMPENSATION OF THE DEVELOPMENT FOUNDATION EXECUTIVE DIRECTOR WHICH INCLUDES PERIODIC CONSULTATION WITH INDEPENDENT COMPENSATION ADVISORS; COMPARISON OF SALARIES WITH COMPARABLE MARKETS; REVIEW AND APPROVAL BY THE GOVERNING BODIES; WRITTEN EMPLOYMENT CONTRACTS WITH THE RELATED ORGANIZATION; AND CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING WITH RESPECT TO THE ESTABLISHMENT OF COMPENSATION. THE REVIEW PROCESS WAS CONDUCTED IN FY 2023.
Unrelated organization compensation (Part II - officer info)
NONTAXABLE BENEFITS INCLUDE THE ESTIMATED RENTAL VALUE OF HOUSING PROVIDED BY THE UNIVERSITY TO THE PRESIDENT PURSUANT TO IRC SECTION 119. PER CONTRACT, THE PRESIDENT IS REQUIRED TO LIVE IN THIS RESIDENCE. IN ADDITION, THE AMOUNT REPORTED ALSO INCLUDES NONTAXABLE HEALTH INSURANCE, LIFE, DISABILITY, OR LONG-TERM CARE INSURANCE, AND CAFETERIA PLANS.

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

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.

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.

  • CHARITABLE REMAINDER TRUSTS

    Trust · INVESTMENTS · OH

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2023
IRS schema version
2022v5.0
Source object
202421359349307577

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