Totals
- Total revenue
- $1,204,642
- Total expenses
- $1,143,931
- Contributions and grants received
- $708,835
- Grants paid
- $211,411
- Program service revenue
- $344,372
- Investment income
- $151,435
- Other revenue
- $0
- Total assets, end of year
- $3,979,687
- Total liabilities, end of year
- $149,677
- Net assets or fund balances, end of year
- $3,830,010
- Program services expenses (Part IX)
- $1,125,281
- Management and general expenses
- $18,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,125,281
Program services were 98.4% 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
$228,000
-
1f · All other contributions, gifts and grants
$480,835
-
2a · Program service revenue: SERVICE REVENUE
total $332,500 · related or exempt $332,500
-
2b · Program service revenue: LICENSING REVENUE
total $11,872 · related or exempt $11,872
-
3 · Investment income
total $151,435 · excluded $151,435
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $211,411 · program services $211,411
-
11a · Fees: management
total $747,571 · program services $747,571
-
11b · Fees: legal
total $27,870 · program services $27,870
-
11c · Fees: accounting
total $18,650 · management and general $18,650
-
11g · Fees: other
total $19,102 · program services $19,102
-
12 · Advertising and promotion
total $9,213 · program services $9,213
-
13 · Office expenses
total $12,774 · program services $12,774
-
14 · Information technology
total $36,038 · program services $36,038
-
16 · Occupancy
total $14,920 · program services $14,920
-
17 · Travel
total $6,139 · program services $6,139
-
19 · Conferences, conventions and meetings
total $6,033 · program services $6,033
-
22 · Depreciation, depletion and amortization
total $2,908 · program services $2,908
-
23 · Insurance
total $12,284 · program services $12,284
-
24e · All other expenses
total $19,018 · program services $19,018
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $144,028 · end of year $118,813
-
3 · Pledges and grants receivable
end of year $87,615
-
9 · Prepaid expenses and deferred charges
beginning of year $6,110 · end of year $6,007
-
10a · Land, buildings and equipment: cost or other basis
$29,682
-
10b · Land, buildings and equipment: accumulated depreciation
$22,245
-
10c · Land, buildings and equipment, net
beginning of year $7,960 · end of year $7,437
-
15 · Other assets
beginning of year $3,754,794 · end of year $3,759,815
-
17 · Accounts payable and accrued expenses
beginning of year $78,539 · end of year $97,917
-
25 · Other liabilities
beginning of year $65,054 · end of year $51,760
-
27 · Net assets without donor restrictions
beginning of year $1,825,331 · end of year $1,834,109
-
28 · Net assets with donor restrictions
beginning of year $1,943,968 · end of year $1,995,901
Mission and programs · 2022
Mission
SUPPORT RESEARCH AND INNOVATION AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY PROVIDING FUNDING FOR SCHOLARSHIPS AND GRANTS AND BY ENGAGING IN CORPORATE PARTNERING ACTIVITIES TO THAT END.
Activities or mission (Part I)
SUPPORT RESEARCH AND INNOVATION AT THE UNIVERSITY OF WISCONSIN - MILWAUKEE BY PROVIDING FUNDING FOR SCHOLARSHIPS AND GRANTS AND BY ENGAGING IN CORPORATE PARTNERING ACTIVITIES TO THAT END.
-
SUPPORT RESEARCH AND INNOVATION AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY PROVIDING FUNDING FOR SCHOLARSHIPS AND GRANTS AND BY ENGAGING IN CORPORATE PARTNERING ACTIVITIES TO THAT END.
Expenses $913,870 · Revenue $344,372
-
THE BRADLEY CATALYST GRANT PROGRAM IS DESIGNED FOR FOCUS ON SCIENCE AND ENGINEERING THAT HELPS FOSTER BASIC DISCOVERY AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE AND BRING THOSE DISCOVERIES CLOSER TO COMMERCIALIZATION. FOUR GRANTS TOTAL.
Expenses $90,411 · Grants $90,411
-
- WEDC BRIDGE GRANT PROGRAM INVESTS IN NEW COMPANIES OF UWM FACULTY, STAFF, AND STUDENTS THAT HAVE LICENSED INTELLECTUAL PROPERTY (PATENTS). FOUR GRANTS TOTAL. - WEDC EPG GRANT PROVIDES FUNDING SUPPORT AND TECHNICAL ASSISTANCE TO STARTUP COMPANIES. FIVE GRANTS TOTAL.
Expenses $121,000 · Grants $121,000
As filed on the 2022 return.
Listed in Part VII
-
Michael AnderesMICHAEL ANDERES
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Christina FiascaCHRISTINA FIASCA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Craig RigbyCRAIG RIGBY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jacquelyn FredrickJACQUELYN FREDRICK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David GilbertDAVID GILBERT
EX-OFFICIO DIRECTOR
- Total calculated
- $336,258
- From this org
- $0
- From related orgs
- $282,647
- Other
- $53,611
- Hours/week
- 1 + 52 related
Schedule J breakdown matched by us
- Base
- $0 + $262,647 related
- Bonus
- $0 + $20,000 related
- Other
- $0
- Deferred
- $0 + $21,747 related
- Nontaxable benefits
- $0 + $31,864 related
- Filer's total
- $0 + $336,258 related
-
Michael OrgemanMICHAEL ORGEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Tessa MyersTESSA MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann NattingerANN NATTINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis WebbDENNIS WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dan KruegerDAN KRUEGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian ThompsonBRIAN THOMPSON
PRESIDENT (THRU JAN 23)
- Total calculated
- $289,500
- From this org
- $0
- From related orgs
- $268,347
- Other
- $21,153
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $218,347 related
- Bonus
- $0 + $50,000 related
- Other
- $0
- Deferred
- $0 + $20,061 related
- Nontaxable benefits
- $0 + $1,092 related
- Filer's total
- $0 + $289,500 related
-
Jessica SilvaggiJESSICA SILVAGGI
VP (THRU JAN 23)/INTERIM PRESIDENT (BEG JAN 23)
- Total calculated
- $189,271
- From this org
- $0
- From related orgs
- $150,927
- Other
- $38,344
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $130,927 related
- Bonus
- $0 + $20,000 related
- Other
- $0
- Deferred
- $0 + $11,878 related
- Nontaxable benefits
- $0 + $26,466 related
- Filer's total
- $0 + $189,271 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
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
- THE TOP MANAGEMENT OFFICIAL IS COMPENSATED BY THE UWM FOUNDATION, INC., A RELATED ORGANIZATION OF THE UWM RESEARCH FOUNDATION, INC. THE EXECUTIVE COMMITTEE OF THE UWM FOUNDATION, INC. IS RESPONSIBLE FOR OVERSEEING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS USING COMPARABLE CONTEMPORANEOUS DATA.
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
-
UNIVERSITY OF WISCONSIN - MILWAUKEE
$90,411
RESEARCH
-
INTELLIGENT COMPOSITES LLC
$25,000
FUNDING
-
NANOAFFIX SCIENCE LLC
$25,000
FUNDING
-
CONCRETOLOGY LLC
$25,000
FUNDING
-
FREYJA CORPORATION
$25,000
FUNDING
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) · SUPPORTING ORGANIZATION FOR THE UNIVERSITY OF WISCONSIN - MILWAUKEE · WI
-
THE UWM REAL ESTATE FOUNDATION INC
501(C)(3) · REAL ESTATE DEVELOPMENT · WI
Directly controlled by THE UWM FOUNDATION INC
-
UNIVERSITY OF WISCONSIN - MILWAUKEE
EDUCATION INSTITUTION · WI
-
501(C)(3) · SPONSOR ACTIVITIES FOR ALUMNI UNIVERSITY OF WISCONSIN-MILWAUKEE · WI
Directly controlled by THE UWM FOUNDATION INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
UWMRF HOLDINGS INC
C · HOLD EQUITY IN UNIVERSITY OF WISCONSIN - MILWAUKEE STARTUPS · WI · 100% owned · controlled entity
Directly controlled by UWM RESEARCH FOUNDATION INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349310000
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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