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Nonprofiteer
← MC NEESE STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by MC NEESE STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$10,411,016
Total expenses
$8,696,023
Contributions and grants received
$10,160,502
Grants paid
$2,570,565
Program service revenue
$0
Investment income
$158,313
Other revenue
$92,201
Total assets, end of year
$110,047,446
Total liabilities, end of year
$8,147,653
Net assets or fund balances, end of year
$101,899,793
Program services expenses (Part IX)
$6,371,366
Management and general expenses
$2,324,657
Fundraising expenses
$0
Program service expenses (Part III)
$6,371,366

Program services were 73.3% 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.

  • 1f · All other contributions, gifts and grants

    $10,160,502

  • 3 · Investment income

    total $3,125,303 · excluded $3,125,303

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $92,201

  • 6c · Rental income or loss

    real property $92,201

  • 6d · Net rental income or loss

    total $92,201 · excluded $92,201

  • 7a · Gross sales of assets other than inventory

    securities $24,750,011

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

    securities $27,717,001

  • 7c · Gain or loss

    securities -$2,966,990

  • 7d · Net gain or loss

    total -$2,966,990 · related or exempt -$2,966,990

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,570,565 · program services $2,570,565

  • 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 $448,941 · management and general $448,941

  • 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 $3,021 · management and general $3,021

  • 11c · Fees: accounting

    total $62,160 · management and general $62,160

  • 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 $12,726 · management and general $12,726

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $11,070 · management and general $11,070

  • 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 $44,532 · management and general $44,532

  • 24a · Other expenses: University Support

    total $3,746,464 · program services $3,746,464

  • 24b · Other expenses: Services Rendered

    total $1,062,543 · management and general $1,062,543

  • 24c · Other expenses: SERVICE CHARGES

    total $343,253 · management and general $343,253

  • 24d · Other expenses: PROPERTY EXPENDITURES

    total $80,627 · management and general $80,627

  • 24e · All other expenses

    total $310,121 · program services $54,337 · management and general $255,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,867,928 · end of year $5,181,698

  • 2 · Savings and temporary cash investments

    beginning of year $21,519,358 · end of year $26,278,589

  • 3 · Pledges and grants receivable

    beginning of year $531,936 · end of year $481,268

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $14,940

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $23,887

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $66,313,000 · end of year $68,812,874

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $5,600,179 · end of year $9,254,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $421,196 · end of year $287,499

  • 25 · Other liabilities

    beginning of year $7,530,758 · end of year $7,860,154

  • 27 · Net assets without donor restrictions

    beginning of year $9,001,551 · end of year $1,502,876

  • 28 · Net assets with donor restrictions

    beginning of year $84,878,896 · end of year $100,396,917

Mission and programs · 2022

Mission

The mission of the MSU Foundation is to collect and administer private financial support for MSU to provide Scholarships and Professorhips.

  • Grants paid to benefit McNeese State University are for projects specified by donors.

    Expenses $3,746,464 · Grants $3,746,464

  • Dedicated scholarships and freshman awards provided scholarships to qualified students based on recommendations of the university.

    Expenses $2,570,565 · Grants $2,570,565

  • Faculty awards are provided to faculty for outstanding achievements.

    Expenses $54,337 · Grants $54,337

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Eric Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Judy Fuller

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Willie Mount

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • William E Rose

    Treasurer

    Total calculated
    $0
    Hours/week
    0

  • Ronald Dingler

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Dale W Ferdinandsen II

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Tom Henning

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Cynthia Rougeou

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Ben Mariner

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Dr Edward V Hebert

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Robert C McCorquodale

    Vice President

    Total calculated
    $0
    Hours/week
    0

  • Carl H Vincent

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Aubrey White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Lee J Monlenzun Jr

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Dr Craig Morton

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Ryan Navarre

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Angela Queenan

    President

    Total calculated
    $0
    Hours/week
    0

  • David Stine

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Gary Gobert

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Gene Thibodeaux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Craig Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

  • MCNEESE STATE UNIVERSITY

    $2,570,565

    TO DISTRIBUTE SCHOLARSHIPS

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
13 February 2024
IRS schema version
2022v5.0
Source object
202420449349301212

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

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