Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $115,678

• 1c · Fundraising events

  $1,000

• 1f · All other contributions, gifts and grants

  $89,762

• 2a · Program service revenue: MEMBER EVENTS

  total $84,583 · related or exempt $84,583

• 2b · Program service revenue: TICKET SALES

  total $74,622 · related or exempt $74,622

• 2c · Program service revenue: OTHER GAMES

  total $14,383 · related or exempt $14,383

• 2d · Program service revenue: HOMECOMING

  total $12,674 · related or exempt $12,674

• 2e · Program service revenue: BOWL GAMES

  total $11,054 · related or exempt $11,054

• 3 · Investment income

  total $28,599 · excluded $28,599

• 5 · Royalties

  total $9,726 · excluded $9,726

• 7a · Gross sales of assets other than inventory

  securities $34,390

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

  securities $0

• 7c · Gain or loss

  securities $34,390

• 7d · Net gain or loss

  total $34,390 · excluded $34,390

• 8a · Fundraising events: gross income

  $20,900

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

  $1,000

• 8b · Fundraising events: direct expenses

  $17,620

• 8c · Net income from fundraising events

  total $3,280 · excluded $3,280

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $56,805 · program services $56,805

• 11c · Fees: accounting

  total $18,270 · management and general $18,270

• 11f · Fees: investment management

  total $23,032 · program services $23,032

• 12 · Advertising and promotion

  total $35 · program services $35

• 13 · Office expenses

  total $71,884 · program services $71,884

• 14 · Information technology

  total $412 · program services $412

• 17 · Travel

  total $45,644 · program services $45,644

• 19 · Conferences, conventions and meetings

  total $5,299 · program services $5,299

• 24a · Other expenses: MEMBER ACTIVITIES

  total $163,954 · program services $163,954

• 24b · Other expenses: EVENT FEES

  total $71,231 · program services $71,231

• 24c · Other expenses: HOMECOMING

  total $58,950 · program services $58,950

• 24d · Other expenses: BOWL GAMES

  total $26,347 · program services $26,347

• 24e · All other expenses

  total $46,346 · program services $46,346

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $321,843 · end of year $154,891

• 2 · Savings and temporary cash investments

  beginning of year $11,646 · end of year $75,489

• 4 · Accounts receivable

  beginning of year $8,390 · end of year $12,148

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,745 · end of year $44,923

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

  $30,694

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $30,694

• 11 · Investments: publicly traded securities

  beginning of year $1,058,468 · end of year $1,025,240

• 12 · Investments: other securities

  beginning of year $460,677 · end of year $519,742

• 15 · Other assets

  beginning of year $0 · end of year $31,381

• 17 · Accounts payable and accrued expenses

  beginning of year $7,254 · end of year $31,860

• 19 · Deferred revenue

  beginning of year $52,149 · end of year $54,451

• 25 · Other liabilities

  beginning of year $0 · end of year $24,575

• 27 · Net assets without donor restrictions

  beginning of year $1,839,366 · end of year $1,783,622

The filer's explanations (Part III)

PART I, LINE 3

ANNUALLY, THE UNIVERSITY OF TOLEDO FOUNDATION, AN UNRELATED ORGANIZATION, AND THE COMPENSATION COMMITTEE OF THE UTF BOARD OF DIRECTORS ("COMMITTEE") WILL REVIEW THE COMPONENTS OF THE COMPENSATION PROGRAM AND RECOMMEND PROGRAM MODIFICATIONS AS APPROPRIATE TO THE EXECUTIVE COMMITTEE OF UTF. EVERY THREE TO FIVE YEARS, THE COMMITTEE WILL ENGAGE A PROFESSIONAL SERVICE FIRM TO PERFORM A COMPLETE REVIEW OF THE TOTAL COMPENSATION STRUCTURE TO ENSURE THAT IT IS COMPETITIVE. THE COMMITTEE CONSIDERS ALL APPLICABLE FACTORS WHEN DETERMINING MARKET COMPARATORS, INCLUDING A NATIONAL, REGIONAL AND/OR LOCAL PEER GROUP OF ORGANIZATIONS COMPARABLE TO UTF IN SIZE (I.E., NET REVENUES, FTES, BUDGET AND ASSETS UNDER MANAGEMENT) AND COMPLEXITY TO DETERMINE THE MARKET VALUES OF THE POSITIONS.