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Nonprofiteer
← PRESBYTERIAN STUDENT CENTER FOUNDATION

Form 990 for tax year 2023

Filed by PRESBYTERIAN STUDENT CENTER FOUNDATION.

Totals

Total revenue
$3,100,586
Total expenses
$2,523,413
Contributions and grants received
$266,183
Grants paid
$139,961
Program service revenue
$2,463,984
Investment income
$315,262
Other revenue
$55,157
Total assets, end of year
$14,415,926
Total liabilities, end of year
$11,147,342
Net assets or fund balances, end of year
$3,268,584
Program services expenses (Part IX)
$2,048,751
Management and general expenses
$382,823
Fundraising expenses
$91,839
Program service expenses (Part III)
$2,048,751

Program services were 81.2% 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.

  • 1e · Government grants (contributions)

    $118,793

  • 1f · All other contributions, gifts and grants

    $147,390

  • 2a · Program service revenue: RENTAL INCOME

    total $2,454,844 · related or exempt $2,454,844

  • 2f · All other program service revenue

    total $9,140 · related or exempt $9,140

  • 3 · Investment income

    total $97,067 · excluded $97,067

  • 6a · Gross rents

    personal property $40,143

  • 6b · Less rental expenses

    personal property $7,225

  • 6c · Rental income or loss

    personal property $32,918

  • 6d · Net rental income or loss

    total $32,918 · unrelated business $32,918

  • 7a · Gross sales of assets other than inventory

    securities $347,401

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

    securities $129,206

  • 7c · Gain or loss

    securities $218,195

  • 7d · Net gain or loss

    total $218,195 · excluded $218,195

  • 11d · All other revenue

    total $22,239 · excluded $22,239

  • 11e · Other revenue, total

    $22,239

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $139,961 · program services $139,961

  • 5 · Compensation of officers, directors and key employees

    total $130,843 · program services $112,522 · management and general $9,883 · fundraising $8,438

  • 7 · Other salaries and wages

    total $350,748 · program services $302,087 · management and general $26,007 · fundraising $22,654

  • 8 · Pension plan contributions

    total $28,328 · program services $24,361 · management and general $2,140 · fundraising $1,827

  • 9 · Other employee benefits

    total $121,572 · program services $104,231 · management and general $9,526 · fundraising $7,815

  • 10 · Payroll taxes

    total $29,388 · program services $25,273 · management and general $2,220 · fundraising $1,895

  • 11a · Fees: management

    total $124,307 · program services $31,077 · management and general $93,230

  • 11c · Fees: accounting

    total $47,892 · management and general $47,892

  • 11f · Fees: investment management

    total $16,306 · management and general $16,306

  • 11g · Fees: other

    total $64,091 · program services $2,534 · management and general $59,666 · fundraising $1,891

  • 12 · Advertising and promotion

    total $26,347 · program services $13,123 · management and general $12,216 · fundraising $1,008

  • 13 · Office expenses

    total $29,537 · program services $17,651 · management and general $7,861 · fundraising $4,025

  • 14 · Information technology

    total $11,607 · program services $6,315 · management and general $3,839 · fundraising $1,453

  • 16 · Occupancy

    total $535,265 · program services $513,415 · management and general $17,331 · fundraising $4,519

  • 17 · Travel

    total $334 · program services $287 · management and general $25 · fundraising $22

  • 19 · Conferences, conventions and meetings

    total $100,607 · program services $87,468 · management and general $300 · fundraising $12,839

  • 20 · Interest

    total $377,530 · program services $354,878 · management and general $18,876 · fundraising $3,776

  • 22 · Depreciation, depletion and amortization

    total $380,146 · program services $307,236 · management and general $53,708 · fundraising $19,202

  • 24a · Other expenses: TAXES

    total $8,604 · program services $6,332 · management and general $1,797 · fundraising $475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $168,532 · end of year $283,469

  • 2 · Savings and temporary cash investments

    beginning of year $661,781 · end of year $756,897

  • 3 · Pledges and grants receivable

    beginning of year $20,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,396 · end of year $56,100

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $300,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,374 · end of year $5,057

  • 10a · Land, buildings and equipment: cost or other basis

    $17,479,582

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,144,487

  • 10c · Land, buildings and equipment, net

    beginning of year $10,420,387 · end of year $10,335,095

  • 11 · Investments: publicly traded securities

    beginning of year $2,614,718 · end of year $2,639,958

  • 12 · Investments: other securities

    beginning of year $137,884 · end of year $39,350

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,977 · end of year $155,805

  • 19 · Deferred revenue

    beginning of year $62,693 · end of year $68,918

  • 23 · Secured mortgages and notes payable

    beginning of year $10,947,242 · end of year $10,650,305

  • 25 · Other liabilities

    beginning of year $274,725 · end of year $272,314

  • 27 · Net assets without donor restrictions

    beginning of year $2,522,661 · end of year $3,125,884

  • 28 · Net assets with donor restrictions

    beginning of year $154,774 · end of year $142,700

Mission and programs · 2023

Mission

PRES HOUSE SEEKS TO BE A SPIRITUAL HOME AT THE HEART OF THE UNIVERSITY OF WISCONSIN-MADISON CAMPUS. IN KEEPING WITH THE TEACHINGS OF JESUS CHRIST AND THE CHRISTIAN TRADITION OF HOSPITALITY, PRES HOUSE IS DEDICATED TO PROVIDING A RELIGIOUS CENTER AND PURPOSEFUL HOUSING TO SUPPORT THE SPIRITUAL, EMOTIONAL, AND INTELLECTUAL GROWTH OF RESIDENTS AND MEMBERS OF THE UW-MADISON CAMPUS COMMUNITY. PRES HOUSE IS A MINISTRY OF THE PRESBYTERIAN CHURCH, U.S.A. AND WELCOMES INDIVIDUALS OF EVERY PERSPECTIVE AND BACKGROUND.

Activities or mission (Part I)

THE INTELLECTUAL, MORAL & RELIGIOUS GROWTH OF PEOPLE IN THE UNIVERSITY OF WISCONSIN COMMUNITY IN WAYS CONSISTENT WITH THE PRINCIPALS & PURPOSES OF THE PRESBYTERIAN CHURCH (USA).

  • RESIDENCE COMMUNITY THE FOUNDATION PROVIDES A RELIGIOUS CENTER AND HIGH-QUALITY STUDENT HOUSING TO PROMOTE THE SPIRITUAL, EMOTIONAL, AND INTELLECTUAL GROWTH OF THE RESIDENTS AND MEMBERS OF THE CAMPUS COMMUNITY. TO ACCOMPLISH THIS GOAL, THE FOUNDATION PROVIDES DISCUSSION GROUPS, STUDY SPACES, MEALS, SERVICE OPPORTUNITIES, AND OTHER EVENTS.

    Expenses $1,398,205 · Grants $139,961 · Revenue $2,454,844

  • CHURCH MINISTRY - AS A MINISTRY OF THE PRESBYTERIAN CHURCH, U.S.A., PRES HOUSE PROVIDES WORSHIP SERVICES AND OTHER SERVICES TO MEET THE SPIRITUAL NEEDS OF THE CAMPUS COMMUNITY.

    Expenses $650,546 · Revenue $9,140

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rona Neri

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Lee Tan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Gordon Enderle

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Carol Quintana

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Lauren Serebin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • David Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kyle Digman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kelden Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Angela Byars-Winston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Emily Danielsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anna Saeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Marie Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Liane Kosaki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Brenda Moten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Phil Haslanger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mary Parmeter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nathan Tan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mark Elsdon

    EXECUTIVE DIRECTOR

    Total calculated
    $128,104
    From this org
    $105,208
    From related orgs
    $0
    Other
    $22,896
    Hours/week
    24

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

No itemized grants to organizations 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
2023
Filed
18 November 2024
IRS schema version
2023v5.1
Source object
202443259349300424

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