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← MIDWEST FOUNDATON FOR HIGHER EDUCATION

Form 990 for tax year 2022

Filed by MIDWEST FOUNDATON FOR HIGHER EDUCATION.

Totals

Total revenue
$520,580
Total expenses
$630,985
Contributions and grants received
$441,396
Grants paid
$536,683
Program service revenue
$0
Investment income
$79,184
Other revenue
$0
Total assets, end of year
$15,645,155
Total liabilities, end of year
$12,287
Net assets or fund balances, end of year
$15,632,868
Program services expenses (Part IX)
$536,683
Management and general expenses
$94,302
Fundraising expenses
$0
Program service expenses (Part III)
$536,683

Program services were 85.1% 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

    $441,396

  • 1g · Noncash contributions included above

    $2,500

  • 3 · Investment income

    total $312,755 · excluded $312,755

  • 7a · Gross sales of assets other than inventory

    securities $307,683

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

    securities $541,254

  • 7c · Gain or loss

    securities -$233,571

  • 7d · Net gain or loss

    total -$233,571 · excluded -$233,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $536,683 · program services $536,683

  • 11f · Fees: investment management

    total $94,302 · management and general $94,302

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,003 · end of year $1,008

  • 3 · Pledges and grants receivable

    beginning of year $23,573 · end of year $19,300

  • 11 · Investments: publicly traded securities

    beginning of year $15,715,307 · end of year $15,624,847

  • 17 · Accounts payable and accrued expenses

    end of year $12,287

  • 27 · Net assets without donor restrictions

    beginning of year $1,002 · end of year $1,002

  • 28 · Net assets with donor restrictions

    beginning of year $15,738,881 · end of year $15,631,866

Mission and programs · 2022

Mission

TO PROMOTE THE WELFARE, GOALS, PROGRAMS AND TRAINING OF STUDENTS AT UNION COLLEGE.

  • PROVIDE SPECIFIC SCHOLARSHIP AWARDS TO STUDENTS MEETING CRITERIA SPECIFIED BY ENDOWMENT AGREEMENTS.

    Expenses $536,683 · Grants $536,683

As filed on the 2022 return.

Listed in Part VII

  • JOSH HUENERGARDT

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAN CARLSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVE TRANA

    SECRETARY/TREASURER

    Total calculated
    $129,232
    From this org
    $0
    From related orgs
    $101,653
    Other
    $27,579
    Hours/week
    1 + 40 related

  • SCOTT GAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELAINE HAGELE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL PARADISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE THURBER

    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.

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
28 February 2024
IRS schema version
2022v5.0
Source object
202440619349300209

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