Totals
- Total revenue
- $27,859,948
- Total expenses
- $26,688,438
- Contributions and grants received
- $16,271,385
- Grants paid
- $20,790,663
- Program service revenue
- $0
- Investment income
- $11,588,563
- Other revenue
- $0
- Total assets, end of year
- $657,703,718
- Total liabilities, end of year
- $176,825
- Net assets or fund balances, end of year
- $657,526,893
- Program services expenses (Part IX)
- $20,790,663
- Management and general expenses
- $717,202
- Fundraising expenses
- $5,180,573
- Program service expenses (Part III)
- $20,790,663
Program services were 77.9% 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
$16,271,385
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,845,899 · unrelated business -$649,792 · excluded $2,495,691
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $155,165,996
-
7b · Less cost or other basis and sales expenses
securities $145,423,332
-
7c · Gain or loss
securities $9,742,664 · other assets $0
-
7d · Net gain or loss
total $9,742,664 · excluded $9,742,664
-
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 $20,790,663 · program services $20,790,663
-
4 · Benefits paid to or for members
total $0 · program services $0
-
11f · Fees: investment management
total $717,202 · management and general $717,202
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: REIMBURSEMENTS TO WSU
total $5,180,573 · fundraising $5,180,573
-
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 $0 · end of year $0
-
4 · Accounts receivable
beginning of year $447,118 · end of year $146,011
-
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
-
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 $420,671,131 · end of year $445,166,568
-
12 · Investments: other securities
beginning of year $175,173,023 · end of year $212,391,139
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $150,988 · end of year $176,825
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
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 $596,140,284 · end of year $657,526,893
Mission and programs · 2024
Mission
WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE.
Activities or mission (Part I)
WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE (CONTINUED ON SCHEDULE O)
-
TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY.
Expenses $20,790,663 · Grants $20,790,663
As filed on the 2024 return.
Listed in Part VII
-
David RippleDAVID RIPPLE
DIRECTOR/FOUNDATION PRESIDENT
- Total calculated
- $460,925
- From this org
- $0
- From related orgs
- $396,127
- Other
- $64,798
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- $0 + $387,127 related
- Bonus
- $0
- Other
- $0 + $9,000 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $30,298 related
- Filer's total
- $0 + $460,925 related
-
James A AndersonJAMES A ANDERSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Andrews EspyKIMBERLY ANDREWS ESPY
DIRECTOR/UNIVERSITY PRESIDENT (PART YEAR)
- Total calculated
- $950,228
- From this org
- $0
- From related orgs
- $704,382
- Other
- $245,846
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $704,382 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $215,000 related
- Nontaxable benefits
- $0 + $30,846 related
- Filer's total
- $0 + $950,228 related
-
Richard A BierschbachRICHARD A BIERSCHBACH
INTERIM PRESIDENT/JOHN W. REED PROFESSOR OF LAW
- Total calculated
- $548,649
- From this org
- $0
- From related orgs
- $483,731
- Other
- $64,918
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $482,951 related
- Bonus
- $0
- Other
- $0 + $780 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $30,418 related
- Filer's total
- $0 + $548,649 related
-
Angelo VitaleANGELO VITALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Denise J LewisDENISE J LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth GoldsberryELIZABETH GOLDSBERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kolleen T KennedyKOLLEEN T KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda BealeLINDA BEALE
DIRECTOR/WSU LAW PROFESSOR & PRESIDENT OF ACADEMIC SENATE
- Total calculated
- $219,677
- From this org
- $0
- From related orgs
- $193,498
- Other
- $26,179
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $191,765 related
- Bonus
- $0 + $1,733 related
- Other
- $0
- Deferred
- $0 + $17,677 related
- Nontaxable benefits
- $0 + $8,502 related
- Filer's total
- $0 + $219,677 related
-
Marilyn KellyMARILYN KELLY
DIRECTOR (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Pamela ApplebaumPAMELA APPLEBAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Quincy AllenQUINCY ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Regina BakerREGINA BAKER
DIRECTOR/ALUMNI ASSOCIATION PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Sean WerdlowSEAN WERDLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan TelangSUSAN TELANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terri Lynn LandTERRI LYNN LAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tosha Padgett BrownTOSHA PADGETT BROWN
DIRECTOR/ALUMNI ASSOCIATION PRESIDENT (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Alana AskewALANA ASKEW
ASSISTANT VP TREASURY
- Total calculated
- $233,189
- From this org
- $0
- From related orgs
- $202,081
- Other
- $31,108
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $197,081 related
- Bonus
- $0 + $5,000 related
- Other
- $0
- Deferred
- $0 + $19,717 related
- Nontaxable benefits
- $0 + $11,391 related
- Filer's total
- $0 + $233,189 related
-
Bethany GielczykBETHANY GIELCZYK
SR VP, CFO & TREASURER
- Total calculated
- $393,258
- From this org
- $0
- From related orgs
- $342,098
- Other
- $51,160
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $342,098 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $48,588 related
- Nontaxable benefits
- $0 + $2,572 related
- Filer's total
- $0 + $393,258 related
-
Neco T WalkerNECO T WALKER
SECRETARY
- Total calculated
- $127,126
- From this org
- $0
- From related orgs
- $99,047
- Other
- $28,079
- Hours/week
- 15 + 25 related
-
M Roy Wilson MD MsM ROY WILSON MD MS
PROF. OF OPHTHALMOLOGY (FORMER UNI. PRES)
- Total calculated
- $742,208
- From this org
- $0
- From related orgs
- $671,717
- Other
- $70,491
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $671,717 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $52,292 related
- Nontaxable benefits
- $0 + $18,199 related
- Filer's total
- $0 + $742,208 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 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
- WAYNE STATE UNIVERSITY PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THE UNIVERSITY CONTRIBUTED $88,500 ON BEHALF OF KIMBERLY ANDREWS ESPY.
- SCHEDULE J, PART I, LINE 3
- THE ORGANIZATION'S PRESIDENT IS ALSO A VICE PRESIDENT OF THE RELATED ORGANIZATION, WAYNE STATE UNIVERSITY. THE ORGANIZATION'S PRESIDENT RECEIVES COMPENSATION FROM THE RELATED ORGANIZATION, BUT NOT FROM THE ORGANIZATION. THE COMPENSATION IS ESTABLISHED BY THE RELATED ORGANIZATION, SUBJECT TO APPROVAL BY THAT ORGANIZATION'S GOVERNING BODY, THE WAYNE STATE UNIVERSITY BOARD OF GOVERNORS.
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
-
$20,790,663
PROGRAM SUPPORT
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.
-
501(C)(3) · PUBLIC HIGHER EDUCATION · MI
Directly controlled by NONE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 August 2026
- IRS schema version
- 2024v5.1
- Source object
- 202632169349301858
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.