University Center Foundation Inc
- Assets
- $2.3m
- Revenue
- $214.7k
- Investments
- $2.1m
- Employees
- 1
- Location
- Marshfield, WI
- Founding
- 12/1970
- Data as of
- 06/2021
- EIN
- 23-7086867
Organization Overview
University Center Foundation Inc is located in Marshfield, WI. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Center Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, University Center Foundation Inc generated $214.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $206.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Center Foundation Inc has awarded 16 individual grants totaling $4,259,352. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNIVERSITY CENTER FOUNDATION, INC. IS AN ORGANIZATION OF FACULTY ADMINISTRATORS AND COMMUNITY LEADERS, DEDICATED TO PROVIDING OPPORTUNITIES FOR PERSONAL DEVELOPMENT, EDUCATION AND RECREATION. ITS GOAL IS NOT ONLY THE ENRICHMENT OF CAMPUS LIFE AS A WHOLE, BUT ALSO TO SUPPORT THE ADVANCEMENT OF STUDENTS IN A FINANCIAL WAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED BASED ON THE CRITERIA AND PROCESSES SET BY THE CHARTER AGREEMENT FOR EACH NAMED ACCOUNT AT THE FOUNDATION.
GRANTS OR ASSISTANCE ARE PROVIDED FOR FINANCIAL SUPPORT FOR STUDENT, FACULTY AND STAFF, AND VARIOUS CAMPUS PROGRAMS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roxanne Wetterau Executive Director | Officer | 40 | $48,300 |
Matthew Jansen President | OfficerTrustee | 0.5 | $0 |
Rita Meier Past President | OfficerTrustee | 0.5 | $0 |
Andy Keogh Director/laird Rep | Trustee | 0.5 | $0 |
Jake Hahn Director | Trustee | 0.5 | $0 |
Tom Bitner Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,260 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,123 |
| Total Program Service Revenue | $0 |
| Investment income | $31,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,333 |
| Net Gain/Loss on Asset Sales | $92,979 |
| Net Income from Fundraising Events | $210 |
| Net Income from Gaming Activities | -$131 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $214,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,019 |
| Grants and other assistance to domestic individuals. | $55,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,608 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,768 |
| Office expenses | $1,243 |
| Information technology | $1,277 |
| Royalties | $0 |
| Occupancy | $300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,231 |
| All other expenses | $0 |
| Total functional expenses | $205,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $929 |
| Savings and temporary cash investments | $54,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $159,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,115,476 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,330,566 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $39,204 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,483 |
| Total liabilities | $44,687 |
| Net assets without donor restrictions | $155,390 |
| Net assets with donor restrictions | $2,130,489 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,330,566 |
Grants Awarded
Over the last fiscal year, University Center Foundation Inc has awarded $6,019 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN STEVENS POINT AT MARSHFIELD PURPOSE: PROVIDES FINANCIAL SUPPORT FOR STUDENT, FACULTY AND STAFF, AND VARIOUS CAMPUS PROGRAMS AND ACTIVITIES. | $6,019 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Center Foundation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $118,636 |
| Earnings | $31,476 |
| Admin Expense | $907 |
| Net Contributions | $500 |
| Grants | $3,000 |
| Ending Balance | $146,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Millikin University Decatur, IL | $270,927,180 | $97,576,221 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
Adrian College Adrian, MI | $148,979,647 | $94,047,786 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Alma College Alma, MI | $267,015,717 | $86,854,101 |
College For Creative Studies Detroit, MI | $255,607,237 | $81,212,922 |
Beloit College Beloit, WI | $210,386,491 | $86,166,985 |
Knox College Galesburg, IL | $294,322,347 | $90,404,751 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Illinois Wesleyan University Bloomington, IL | $377,291,473 | $72,297,405 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Dordt University Incorporated Sioux Center, IA | $189,965,325 | $85,519,781 |