Skip to content
Nonprofiteer
← MIAMI UNIVERSITY FOUNDATION INC

Form 990 for tax year 2022

Filed by MIAMI UNIVERSITY FOUNDATION INC.

Totals

Total revenue
$27,278,581
Total expenses
$25,226,725
Contributions and grants received
$25,912,901
Grants paid
$20,635,060
Program service revenue
$0
Investment income
$514,327
Other revenue
$851,353
Total assets, end of year
$781,643,093
Total liabilities, end of year
$307,809,562
Net assets or fund balances, end of year
$473,833,531
Program services expenses (Part IX)
$20,635,060
Management and general expenses
$2,477,866
Fundraising expenses
$2,113,799
Program service expenses (Part III)
$20,635,060

Program services were 81.8% 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.

  • 1f · All other contributions, gifts and grants

    $25,912,901

  • 1g · Noncash contributions included above

    $4,569,191

  • 3 · Investment income

    total $2,021,624 · unrelated business -$796,818 · excluded $2,818,442

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $84,995,549

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

    securities $86,502,846

  • 7c · Gain or loss

    securities -$1,507,297

  • 7d · Net gain or loss

    total -$1,507,297 · excluded -$1,507,297

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: SPLIT INTEREST AGREEMENTS

    total $851,353 · excluded $851,353

  • 11e · Other revenue, total

    $851,353

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,635,060 · program services $20,635,060

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $4,313,876 · program services $0 · management and general $2,200,077 · fundraising $2,113,799

  • 24b · Other expenses: OTHER EXPENSES

    total $277,789 · program services $0 · management and general $277,789 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,350,711 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $9,716,799 · end of year $41,311,343

  • 3 · Pledges and grants receivable

    beginning of year $18,475,171 · end of year $19,808,822

  • 4 · Accounts receivable

    beginning of year $10,427,855 · end of year $7,625,976

  • 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 $0 · end of year $0

  • 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

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $67,986,223 · end of year $64,131,873

  • 12 · Investments: other securities

    beginning of year $593,781,227 · end of year $646,960,578

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,835,940 · end of year $1,804,501

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,999,547 · end of year $25,413,052

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,362,295 · end of year $1,135,500

  • 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 $264,674,520 · end of year $281,261,010

  • 27 · Net assets without donor restrictions

    beginning of year $4,304,502 · end of year $4,457,648

  • 28 · Net assets with donor restrictions

    beginning of year $434,233,062 · end of year $469,375,883

Mission and programs · 2022

Mission

SUPPORT OF MIAMI UNIVERSITY

  • MIAMI UNIVERSITY FOUNDATION RECEIVES CONTRIBUTIONS FROM ALUMNI AND FRIENDS OF THE UNIVERSITY WHICH IT HOLDS AND USES ACCORDING TO DONOR INSTRUCTIONS. INVESTMENT EARNINGS ARE PERIODICALLY TRANSFERRED TO THE UNIVERSITY TO FURTHER ITS EDUCATIONAL AND RESEARCH ACTIVITIES.

    Expenses $20,635,060 · Grants $20,635,060

As filed on the 2022 return.

Listed in Part VII

  • Dr Gregory Crawford

    Director

    Total calculated
    $627,335
    From this org
    $0
    From related orgs
    $547,406
    Other
    $79,929
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,052 related
    Bonus
    $0
    Other
    $0 + $3,354 related
    Deferred
    $0 + $55,866 related
    Nontaxable benefits
    $0 + $24,063 related
    Filer's total
    $0 + $627,335 related

  • Dr David Creamer

    TREASURER

    Total calculated
    $465,101
    From this org
    $0
    From related orgs
    $400,579
    Other
    $64,522
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $366,027 related
    Bonus
    $0
    Other
    $0 + $34,552 related
    Deferred
    $0 + $46,024 related
    Nontaxable benefits
    $0 + $18,498 related
    Filer's total
    $0 + $465,101 related

  • Jason Osborne

    FORMER DIRECTOR

    Total calculated
    $446,754
    From this org
    $0
    From related orgs
    $397,569
    Other
    $49,185
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,575 related
    Bonus
    $0
    Other
    $0 + $26,994 related
    Deferred
    $0 + $25,227 related
    Nontaxable benefits
    $0 + $23,958 related
    Filer's total
    $0 + $446,754 related

  • Thomas Herbert

    FORMER PRESIDENT

    Total calculated
    $382,826
    From this org
    $0
    From related orgs
    $362,137
    Other
    $20,689
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,888 related
    Bonus
    $0 + $126,180 related
    Other
    $0 + $55,069 related
    Deferred
    $0 + $20,689 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $382,826 related

  • Brady Bundy

    DIRECTOR

    Total calculated
    $354,855
    From this org
    $0
    From related orgs
    $295,152
    Other
    $59,703
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,899 related
    Bonus
    $0
    Other
    $0 + $4,253 related
    Deferred
    $0 + $41,712 related
    Nontaxable benefits
    $0 + $17,991 related
    Filer's total
    $0 + $354,855 related

  • Dr Elizabeth R Mullenix

    Director

    Total calculated
    $351,818
    From this org
    $0
    From related orgs
    $303,995
    Other
    $47,823
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,352 related
    Bonus
    $0
    Other
    $0 + $2,643 related
    Deferred
    $0 + $26,022 related
    Nontaxable benefits
    $0 + $21,801 related
    Filer's total
    $0 + $351,818 related

  • Jayne Brownell

    DIRECTOR

    Total calculated
    $274,822
    From this org
    $0
    From related orgs
    $235,773
    Other
    $39,049
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,572 related
    Bonus
    $0
    Other
    $0 + $2,201 related
    Deferred
    $0 + $27,751 related
    Nontaxable benefits
    $0 + $11,298 related
    Filer's total
    $0 + $274,822 related

  • Brent Shock

    DIRECTOR

    Total calculated
    $266,119
    From this org
    $0
    From related orgs
    $217,947
    Other
    $48,172
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,839 related
    Bonus
    $0
    Other
    $0 + $1,108 related
    Deferred
    $0 + $31,564 related
    Nontaxable benefits
    $0 + $16,608 related
    Filer's total
    $0 + $266,119 related

  • Bruce Guiot

    Chief Financial Officer

    Total calculated
    $222,212
    From this org
    $0
    From related orgs
    $198,647
    Other
    $23,565
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $197,695 related
    Bonus
    $0
    Other
    $0 + $952 related
    Deferred
    $0 + $22,993 related
    Nontaxable benefits
    $0 + $572 related
    Filer's total
    $0 + $222,212 related

  • Ryan Elias

    CHEIF DEVELOPMENT OFFICER

    Total calculated
    $209,834
    From this org
    $0
    From related orgs
    $186,203
    Other
    $23,631
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $185,844 related
    Bonus
    not reported
    Other
    not reported + $359 related
    Deferred
    not reported + $22,339 related
    Nontaxable benefits
    not reported + $1,292 related
    Filer's total
    not reported + $209,834 related

  • Mackenzie Rice

    PRESIDENT

    Total calculated
    $200,426
    From this org
    $0
    From related orgs
    $163,637
    Other
    $36,789
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,209 related
    Bonus
    $0
    Other
    $0 + $428 related
    Deferred
    $0 + $19,834 related
    Nontaxable benefits
    $0 + $16,955 related
    Filer's total
    $0 + $200,426 related

  • Brian Furnish

    CHEIF ADMINISTRATIVE OFFICER

    Total calculated
    $109,587
    From this org
    $0
    From related orgs
    $82,422
    Other
    $27,165
    Hours/week
    20 + 20 related

  • Biff Bowman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Byrd

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Beth Canfield

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Dafoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Greffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Zain Haider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Hunkler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dave Koschik

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Lynn Larson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Lloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Lorenzen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Lubel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suraj Maraboyina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Mikes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruth Milligan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Mogk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward O'Reilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Pistell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julia Poston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nichole Prescott

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Aaron Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Schell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Schweinfurth

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Lisa Shade

    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

  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202431029349301878

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.