MIDWESTERN UNIVERSITY FOUNDATION

As filed

Subsection

03

Classification

1000

Street

555 31ST ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

• Midwestern University Foundation provided funding for federally guaranteed loans for students of the University under the Federal Family Education Loan (FFEL) Program. This program ended in 2010. In 2014, the Foundation created a new private loan program called the Midwestern University Private Loan Program (MPL Program) funded through the combination of equity and tax-exempt debt. The MPL program functions like the FFEL Program loans in some respects and like other private loan programs in other respects. Unlike loans made under the FFEL Program, loans made under the MPL Program are made by the Foundation directly to students and are not guaranteed by the federal government. Since the inception of the MPL Program, there have been loans awarded in the amount of $107,810,000 as of June 30, 2024. Foundation Bonds issued to fund the MPL Program are limited obligations of the Foundation, secured by and payable solely and exclusively from the student loans and related revenues and other assets comprising the trust estates created by the Trust Indentures pursuant to which those Foundation Bonds have been issued. The trust indentures for the Foundation Bonds contain numerous restrictions and requirements applicable to the MPL Program and the assets comprising the trust estates.

  Expenses $2,467,539 · Revenue $3,520,543

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $4,343,768

  Expenses

  $2,665,189

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $3,845,183

  Expenses

  $3,114,899

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,272,539

  Expenses

  $3,131,353

  Assets (EOY)

  $93,580,538

• 2020 · 990

  Revenue

  $1,129,249

  Expenses

  $2,419,512

  Assets (EOY)

  $61,061,640

• 2019 · 990

  Revenue

  $1,821,412

  Expenses

  $3,051,280

  Assets (EOY)

  $63,864,425

• 2018 · 990

  Revenue

  $1,528,957

  Expenses

  $1,418,679

  Assets (EOY)

  $75,388,358

• 2017 · 990

  Revenue

  $1,629,444

  Expenses

  $1,353,773

  Assets (EOY)

  $34,675,638

• 2016 · 990

  Revenue

  $1,575,372

  Expenses

  $1,376,623

  Assets (EOY)

  $34,185,215

• 2015 · 990

  Revenue

  $927,214

  Expenses

  $1,480,245

  Assets (EOY)

  $33,736,833

• 2014 · 990

  Revenue

  -$1,242,209

  Expenses

  $131,775

  Assets (EOY)

  $40,570,120

• 2013 · 990

  Revenue

  $737,677

  Expenses

  $34,569

  Assets (EOY)

  $6,620,729

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $27,849

  Assets (EOY)

  $6,240,728

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files