Skip to content
Nonprofiteer
← W E UPJOHN UNEMPLOYMENT TRUSTEE CORPORATION

Form 990 for tax year 2022

Filed by W E UPJOHN UNEMPLOYMENT TRUSTEE CORPORATION.

Totals

Total revenue
$25,753,689
Total expenses
$27,590,896
Contributions and grants received
$8,939,607
Grants paid
$4,700,415
Program service revenue
$8,046,374
Investment income
$8,755,982
Other revenue
$11,726
Total assets, end of year
$228,309,174
Total liabilities, end of year
$9,149,284
Net assets or fund balances, end of year
$219,159,890
Program services expenses (Part IX)
$20,890,252
Management and general expenses
$6,700,644
Fundraising expenses
$0
Program service expenses (Part III)
$20,890,252

Program services were 75.7% 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)

    $8,939,607

  • 2a · Program service revenue: RESEARCH PROJECTS

    total $8,036,131 · related or exempt $8,036,131

  • 2b · Program service revenue: PUBLICATION SALES

    total $5,336 · related or exempt $5,336

  • 2f · All other program service revenue

    total $4,907 · related or exempt $4,907

  • 3 · Investment income

    total $7,029,809 · excluded $7,029,809

  • 5 · Royalties

    total $18,827 · excluded $18,827

  • 6a · Gross rents

    real property $93,563

  • 6b · Less rental expenses

    real property $100,664

  • 6c · Rental income or loss

    real property -$7,101

  • 6d · Net rental income or loss

    total -$7,101 · excluded -$7,101

  • 7a · Gross sales of assets other than inventory

    securities $15,461,494

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

    securities $13,735,321

  • 7c · Gain or loss

    securities $1,726,173

  • 7d · Net gain or loss

    total $1,726,173 · excluded $1,726,173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,635,915 · program services $4,635,915

  • 2 · Grants to domestic individuals

    total $46,000 · program services $46,000

  • 3 · Grants to foreign organizations and individuals

    total $18,500 · program services $18,500

  • 5 · Compensation of officers, directors and key employees

    total $1,200,525 · program services $303,330 · management and general $897,195

  • 7 · Other salaries and wages

    total $8,771,212 · program services $6,717,151 · management and general $2,054,061

  • 8 · Pension plan contributions

    total $791,525 · program services $559,247 · management and general $232,278

  • 9 · Other employee benefits

    total $2,167,536 · program services $1,435,007 · management and general $732,529

  • 10 · Payroll taxes

    total $672,923 · program services $438,344 · management and general $234,579

  • 11b · Fees: legal

    total $16,520 · program services $6,476 · management and general $10,044

  • 11c · Fees: accounting

    total $70,750 · program services $27,734 · management and general $43,016

  • 11f · Fees: investment management

    total $288,509 · management and general $288,509

  • 11g · Fees: other

    total $1,074,470 · program services $1,038,425 · management and general $36,045

  • 12 · Advertising and promotion

    total $84,547 · program services $74,713 · management and general $9,834

  • 13 · Office expenses

    total $267,225 · program services $153,148 · management and general $114,077

  • 14 · Information technology

    total $461,825 · program services $213,293 · management and general $248,532

  • 16 · Occupancy

    total $954,548 · program services $732,003 · management and general $222,545

  • 17 · Travel

    total $252,871 · program services $190,560 · management and general $62,311

  • 19 · Conferences, conventions and meetings

    total $334,099 · program services $296,421 · management and general $37,678

  • 20 · Interest

    total $63,610 · program services $4,452 · management and general $59,158

  • 22 · Depreciation, depletion and amortization

    total $561,655 · management and general $561,655

  • 23 · Insurance

    total $94,508 · program services $1,989 · management and general $92,519

  • 24a · Other expenses: PARTICIPANT TRAINING

    total $2,973,246 · program services $2,973,246 · management and general $0

  • 24b · Other expenses: MISCELLANEOUS

    total $472,999 · program services $444,112 · management and general $28,887

  • 24c · Other expenses: EQUIPMENT RENTAL & MAIN

    total $432,396 · program services $106,627 · management and general $325,769

  • 24d · Other expenses: PARTICIPANT EXPENSES

    total $421,024 · program services $421,024 · management and general $0

  • 24e · All other expenses

    total $461,958 · program services $52,535 · management and general $409,423

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,583,090 · end of year $4,109,308

  • 4 · Accounts receivable

    beginning of year $1,106,025 · end of year $1,349,467

  • 8 · Inventories for sale or use

    beginning of year $252,780 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $344,713 · end of year $364,428

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

    $15,096,331

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

    $7,410,485

  • 10c · Land, buildings and equipment, net

    beginning of year $7,608,816 · end of year $7,685,846

  • 11 · Investments: publicly traded securities

    beginning of year $266,043,754 · end of year $212,595,411

  • 15 · Other assets

    beginning of year $0 · end of year $2,204,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,279,701 · end of year $2,850,176

  • 23 · Secured mortgages and notes payable

    beginning of year $2,170,140 · end of year $1,961,806

  • 25 · Other liabilities

    beginning of year $2,399,676 · end of year $4,337,302

  • 27 · Net assets without donor restrictions

    beginning of year $273,089,661 · end of year $218,743,969

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $415,921

Mission and programs · 2022

Mission

TO CONDUCT RESEARCH INTO THE CAUSES AND EFFECTS OF UNEMPLOYMENT AND TO STUDY AND INVESTIGATE THE FEASIBILITY AND METHODS OF INSURING AGAINST UNEMPLOYMENT AND TO DEVISE WAYS AND MEANS OF PREVENTING AND ALLEVIATING THE DISTRESS AND HARDSHIP CAUSED BY UNEMPLOYMENT, AND TO CREATE, EXPERIMENT WITH AND PUT INTO EFFECT ANY PLAN OR DEVICE THAT THE BOARD OF TRUSTEES MAY DETERMINE FEASIBLE TO ACCOMPLISH SAID PURPOSES.

Activities or mission (Part I)

TO STUDY POLICY-RELATED ISSUES OF EMPLOYMENT AND UNEMPLOYMENT AND APPLY KNOWLEDGE GAINED THROUGH RESEARCH TO HELP PREVENT AND ALLEVIATE THE DISTRESS AND HARDSHIP CAUSED BY UNEMPLOYMENT.

  • WORKFORCE DEVELOPMENT PROGRAMS DESIGNED TO CONNECT JOB SEEKERS, EMPLOYERS, TRAINING PARTNERS, AND EDUCATORS. WE HELP JOB SEEKERS FIND CAREER OPPORTUNITIES AND PREPARE A QUALIFIED WORKFORCE TO MEET THE CURRENT AND EMERGING NEEDS OF BUSINESS AND INDUSTRY.

    Expenses $14,443,233 · Grants $4,645,915 · Revenue $10,243

  • RESEARCH PROGRAMS FOCUS ON LABOR MARKETS, ADDRESSING THE CAUSES OF UNEMPLOYMENT, EDUCATION AND TRAINING SYSTEMS TO IMPROVE WORKER'S EMPLOYABILITY, AND INFLUENCE OF GOVERNMENT POLICIES ON LOCAL LABOR MARKETS. RESEARCH IS DISSEMINATED SO INSTITUTE INSIGHT REACHES POLICY MAKERS, ADVOCATES AND PRACTITIONERS WHO CAN PUT IT TO USE.

    Expenses $6,447,019 · Grants $54,500 · Revenue $8,036,131

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

Listed in Part VII

  • Eileen Wilson-Oyelaran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amanda Van Dusen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Sardone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sydney Parfet

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • B Joseph White

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jorge Gonzalez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald R Parfet

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Fink

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • La June Montgomery Tabron

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jesse Rothstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald Edgerly

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $200,081
    From this org
    $157,436
    From related orgs
    $0
    Other
    $42,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,086
    Bonus
    $350
    Other
    $0
    Deferred
    $18,832
    Nontaxable benefits
    $23,813
    Filer's total
    $200,081

  • Michael Horrigan

    PRESIDENT

    Total calculated
    $426,253
    From this org
    $389,065
    From related orgs
    $0
    Other
    $37,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $388,890
    Bonus
    $175
    Other
    $0
    Deferred
    $36,660
    Nontaxable benefits
    $528
    Filer's total
    $426,253

  • Kathy Breyfogle

    CHIEF FINANCIAL OFFICER

    Total calculated
    $195,262
    From this org
    $170,561
    From related orgs
    $0
    Other
    $24,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,411
    Bonus
    $150
    Other
    $0
    Deferred
    $16,365
    Nontaxable benefits
    $8,336
    Filer's total
    $195,262

  • Susan N Houseman

    VP & DIRECTOR OF RESEARCH

    Total calculated
    $375,770
    From this org
    $315,546
    From related orgs
    $0
    Other
    $60,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,896
    Bonus
    $650
    Other
    $0
    Deferred
    $36,600
    Nontaxable benefits
    $23,624
    Filer's total
    $375,770

  • Timothy Bartik

    SENIOR RESEARCHER

    Total calculated
    $326,159
    From this org
    $274,681
    From related orgs
    $0
    Other
    $51,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,031
    Bonus
    $650
    Other
    $0
    Deferred
    $32,884
    Nontaxable benefits
    $18,594
    Filer's total
    $326,159

  • Randall Eberts

    SENIOR RESEARCHER

    Total calculated
    $314,049
    From this org
    $263,960
    From related orgs
    $0
    Other
    $50,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,360
    Bonus
    $600
    Other
    $0
    Deferred
    $31,603
    Nontaxable benefits
    $18,486
    Filer's total
    $314,049

  • Christopher O'Leary

    SENIOR RESEARCHER

    Total calculated
    $290,853
    From this org
    $238,704
    From related orgs
    $0
    Other
    $52,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,054
    Bonus
    $650
    Other
    $0
    Deferred
    $28,525
    Nontaxable benefits
    $23,624
    Filer's total
    $290,853

  • Brad Hershbein

    SR RESEARCHER / DEPUTY

    Total calculated
    $261,202
    From this org
    $225,827
    From related orgs
    $0
    Other
    $35,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,477
    Bonus
    $350
    Other
    $0
    Deferred
    $27,039
    Nontaxable benefits
    $8,336
    Filer's total
    $261,202

  • Brian Asquith

    RESEARCHER

    Total calculated
    $210,805
    From this org
    $166,799
    From related orgs
    $0
    Other
    $44,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,599
    Bonus
    $200
    Other
    $0
    Deferred
    $19,992
    Nontaxable benefits
    $24,014
    Filer's total
    $210,805

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202341649349300049

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

The source document this was parsed from is served over the API, which is where bulk and document access live.