Form 990 for tax year 2022
Filed by WESTERN MICHIGAN UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $47,667,153
- Total expenses
- $60,470,859
- Contributions and grants received
- $46,927,825
- Grants paid
- $50,618,222
- Program service revenue
- $0
- Investment income
- $770,304
- Other revenue
- -$30,976
- Total assets, end of year
- $1,029,018,352
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,029,018,352
- Program services expenses (Part IX)
- $54,273,322
- Management and general expenses
- $2,657,167
- Fundraising expenses
- $3,540,370
- Program service expenses (Part III)
- $54,273,322
Program services were 89.8% 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.
-
1d · Related organizations
$17,682,276
-
1f · All other contributions, gifts and grants
$29,245,549
-
1g · Noncash contributions included above
$816,830
-
3 · Investment income
total $11,739,628 · excluded $11,739,628
-
7a · Gross sales of assets other than inventory
securities $264,934,309 · other assets $264,159
-
7b · Less cost or other basis and sales expenses
securities $276,167,792
-
7c · Gain or loss
securities -$11,233,483 · other assets $264,159
-
7d · Net gain or loss
total -$10,969,324 · unrelated business $264,159 · excluded -$11,233,483
-
11a · Other revenue: MISCELLANEOUS
total $60,949 · excluded $60,949
-
11b · Other revenue: Q-BLK REAL ASSETS II
total $29,342 · unrelated business $29,342
-
11c · Other revenue: COMMONFUND CAP NAT'L RES VIII
total $22,078 · unrelated business $22,078
-
11d · All other revenue
total -$143,345 · unrelated business -$143,345
-
11e · Other revenue, total
-$30,976
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $50,618,222 · program services $50,618,222
-
11a · Fees: management
total $138,890 · management and general $107,890 · fundraising $31,000
-
11f · Fees: investment management
total $8,664,151 · program services $3,636,136 · management and general $1,518,645 · fundraising $3,509,370
-
11g · Fees: other
total $401,762 · management and general $401,762
-
19 · Conferences, conventions and meetings
total $2,468 · management and general $2,468
-
23 · Insurance
total $31,987 · program services $18,964 · management and general $13,023
-
24a · Other expenses: MISCELLANEOUS
total $613,379 · management and general $613,379
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,314,914 · end of year $24,571,255
-
2 · Savings and temporary cash investments
beginning of year $5,695,224 · end of year $1,034,511
-
3 · Pledges and grants receivable
beginning of year $429,273,023 · end of year $380,300,620
-
10a · Land, buildings and equipment: cost or other basis
$4,025,714
-
10c · Land, buildings and equipment, net
beginning of year $4,094,995 · end of year $4,025,714
-
11 · Investments: publicly traded securities
beginning of year $348,218,523 · end of year $395,103,453
-
12 · Investments: other securities
beginning of year $184,177,938 · end of year $222,946,458
-
15 · Other assets
beginning of year $1,028,464 · end of year $1,036,341
-
17 · Accounts payable and accrued expenses
beginning of year $7,045
-
27 · Net assets without donor restrictions
beginning of year $298,166,683 · end of year $303,347,213
-
28 · Net assets with donor restrictions
beginning of year $706,629,353 · end of year $725,671,139
Mission and programs · 2022
Mission
MISSION STATEMENT (ADOPTED 2018) THE MISSION OF THE WESTERN MICHIGAN UNIVERSITY FOUNDATION IS TO PROMOTE AND SUPPORT WESTERN MICHIGAN UNIVERSITY SO THAT IT CAN EFFECTIVELY CARRY OUT ITS MISSION OF TEACHING, RESEARCH AND SERVICE. THE FOUNDATION ACCOMPLISHES ITS MISSION BY MAINTAINING AND ENLARGING AN ENDOWMENT FUND, THE INCOME FROM WHICH PROVIDES SUPPLEMENTAL FINANCIAL ASSISTANCE FOR CURRENT DEMANDS. THE FOUNDATION ALSO FULFILLS ITS MISSION THROUGH: COST-EFFECTIVE FUND-RAISING PROGRAMS, CONDUCTED BY THE UNIVERSITY ADVANCEMENT OFFICE, WHICH SEEK PARTICIPATION FROM A VARIETY OF WESTERN MICHIGAN UNIVERSITY CONSTITUENTS; PRUDENT AND RESPONSIBLE ADMINISTRATION OF THE ASSETS ENTRUSTED TO IT BY ITS MANY CONSTITUENTS; AND EFFECTIVE DISTRIBUTION OF ITS RESOURCES TO AREAS OF PRIORITY WITHIN WESTERN MICHIGAN THE WMU FOUNDATION IS ADMINISTERED BY THE EXECUTIVE DIRECTOR/SECRETARY, WHO ALSO SERVES AS THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A VOLUNTEER BOARD OF DIRECTORS, WHO OVERSEE HOW FU
Activities or mission (Part I)
MAINTAINING AND ENHANCING AN ENDOWMENT FUND FOR WESTERN MICHIGAN UNIVERSITY
-
THE FOUNDATION EXISTS FOR THE PURPOSE OF SOLICITING, COLLECTING AND INVESTING DONATIONS FOR THE BENEFIT OF WESTERN MICHIGAN UNIVERSITY. THE FOUNDATION PROVIDES SUPPORT FOR THE OBJECTIVES, GOALS, AND MISSION OF THE UNIVERSITY.
Expenses $54,273,322 · Grants $50,618,222
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lynn Chen-ZhangLYNN CHEN-ZHANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen K ParkerSTEPHEN K PARKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Janice J Van Der KleyJANICE J VAN DER KLEY
TREASURER
- Total calculated
- $344,898
- From this org
- $0
- From related orgs
- $299,948
- Other
- $44,950
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $283,267 related
- Bonus
- not reported + $6,500 related
- Other
- not reported + $10,181 related
- Deferred
- not reported + $31,159 related
- Nontaxable benefits
- not reported + $13,791 related
- Filer's total
- not reported + $344,898 related
-
Colleen ScarffCOLLEEN SCARFF
ASSISTANT TR
- Total calculated
- $252,303
- From this org
- $0
- From related orgs
- $213,284
- Other
- $39,019
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $199,631 related
- Bonus
- not reported + $6,000 related
- Other
- not reported + $7,653 related
- Deferred
- not reported + $21,959 related
- Nontaxable benefits
- not reported + $17,060 related
- Filer's total
- not reported + $252,303 related
-
Kristen R DevriesKRISTEN R DEVRIES
SECRETARY, E
- Total calculated
- $315,645
- From this org
- $0
- From related orgs
- $271,831
- Other
- $43,814
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $263,536 related
- Bonus
- not reported + $1,995 related
- Other
- not reported + $6,300 related
- Deferred
- not reported + $14,812 related
- Nontaxable benefits
- not reported + $29,002 related
- Filer's total
- not reported + $315,645 related
-
Edward B MontgomeryEDWARD B MONTGOMERY
DESIGNATED D
- Total calculated
- $663,154
- From this org
- $0
- From related orgs
- $590,136
- Other
- $73,018
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- not reported + $493,290 related
- Bonus
- not reported + $78,341 related
- Other
- not reported + $18,505 related
- Deferred
- not reported + $54,629 related
- Nontaxable benefits
- not reported + $18,389 related
- Filer's total
- not reported + $663,154 related
-
Sandra L DoctorSANDRA L DOCTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert M BeamROBERT M BEAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James S BradyJAMES S BRADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick AllkinsPATRICK ALLKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Phil ChludzinskiPHIL CHLUDZINSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne H CarlsonJEANNE H CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher C WomackCHRISTOPHER C WOMACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EdD SnyderEDD SNYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James K ShollJAMES K SHOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Floyd L ParksFLOYD L PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth V MillerKENNETH V MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew D MaceMATTHEW D MACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry LuethLARRY LUETH
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Michael W LewisMICHAEL W LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Lb LentnerJENNIFER LB LENTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bjorn GreenBJORN GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
L Leonard HarrisonL LEONARD HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda Davenport JohnsonRHONDA DAVENPORT JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John ShagonabyJOHN SHAGONABY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula TermuhlenPAULA TERMUHLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William JohnstonWILLIAM JOHNSTON
DIRECTOR - P
- Total calculated
- $0
- Hours/week
- 1
-
Jonas PetersonJONAS PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert Tobey JrROBERT TOBEY JR
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
-
WESTERN MICHIGAN UNIVERSITY
$50,618,222
CAPITAL PROJECTS AND
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.
-
WESTERN MICHIGAN UNIVERSITY
EDUCATION · MI
-
501C3 · EDUCATION · MI
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.
-
STADIUM & DRAKE II LLC
REAL ESTAT · MI
Directly controlled by WMU FND
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202441249349301549
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