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Nonprofiteer
← MICHIGAN STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by MICHIGAN STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
-$116,776
Total expenses
$79,703
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$153,313
Other revenue
$36,537
Total assets, end of year
$429,855
Total liabilities, end of year
$41
Net assets or fund balances, end of year
$429,814
Program services expenses (Part IX)
$79,120
Management and general expenses
$583
Fundraising expenses
$0
Program service expenses (Part III)
$79,120

Program services were 99.3% 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.

  • 5 · Royalties

    total $36,537 · excluded $36,537

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

    other assets $153,313

  • 7c · Gain or loss

    other assets -$153,313

  • 7d · Net gain or loss

    total -$153,313 · excluded -$153,313

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $547 · management and general $547

  • 14 · Information technology

    total $1,104 · program services $1,068 · management and general $36

  • 22 · Depreciation, depletion and amortization

    total $78,052 · program services $78,052

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $73,643 · end of year $94,161

  • 4 · Accounts receivable

    beginning of year $14,655 · end of year $12,857

  • 9 · Prepaid expenses and deferred charges

    beginning of year $534 · end of year $1,000

  • 14 · Intangible assets

    beginning of year $537,868 · end of year $321,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $407 · end of year $41

  • 27 · Net assets without donor restrictions

    beginning of year $626,293 · end of year $429,814

Mission and programs · 2023

Mission

BRIDGING THE GAP BETWEEN EARLY-STAGE INNOVATION AND COMMERCIAL APPLICATION. PARTNERING TO DE-RISK, DEVELOP AND SCALE-UP DISCOVERIES INTO COMMERCIALLY-VIABLE TECHNOLOGY PACKAGES.

Activities or mission (Part I)

BRIDGING THE GAP BETWEEN EARLY-STAGE INNOVATION AND COMMERCIAL (CONTINUED IN SCH O) APPLICATION. PARTNERING TO DE-RISK, DEVELOP AND SCALE-UP DISCOVERIES INTO COMMERCIALLY-VIABLE TECHNOLOGY PACKAGES.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $79,120

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • David Washburn

    PRESIDENT & CHAIR

    Total calculated
    $521,196
    From this org
    $0
    From related orgs
    $456,997
    Other
    $64,199
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $354,104 related
    Bonus
    $0 + $102,300 related
    Other
    $0 + $593 related
    Deferred
    $0 + $34,638 related
    Nontaxable benefits
    $0 + $29,561 related
    Filer's total
    $0 + $521,196 related

  • Rebekah Skrzyniarz

    DIRECTOR OF FINANCE

    Total calculated
    $211,786
    From this org
    $0
    From related orgs
    $173,118
    Other
    $38,668
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,393 related
    Bonus
    $0 + $29,400 related
    Other
    $0 + $325 related
    Deferred
    $0 + $14,920 related
    Nontaxable benefits
    $0 + $23,748 related
    Filer's total
    $0 + $211,786 related

  • Allen Julian

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

The filer's explanations (Part III)

PART I, LINE 3:
METHODS USED TO ESTABLISH COMPENSATION OF PRESIDENT: TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE RELATED ORGANIZATION UTILIZES THE FOLLOWING: EXECUTIVE COMMITTEE, COMPARABILITY DATA, AN OUTSIDE COMPENSATION CONSULTING FIRM, AND APPROVAL BY THE BOARD OR EXECUTIVE COMMITTEE.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349304453

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