W E Upjohn Unemployment Trustee Corporation
- Assets
- $279.9m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 145
- Location
- Kalamazoo, MI
- Founding
- 03/1933
- Data as of
- 12/2021
- EIN
- 38-1360419
Organization Overview
W E Upjohn Unemployment Trustee Corporation, operating under the name We Upjohn Institute For Employment Research Upjohn Institute Center For Regional Economic & Community Development, is located in Kalamazoo, MI. The organization was established in 1933. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, We Upjohn Institute For Employment Research Upjohn Institute Center For Regional Economic & Community Development employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Upjohn Institute For Employment Research Upjohn Institute Center For Regional Economic & Community Development 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 12/2021, We Upjohn Institute For Employment Research Upjohn Institute Center For Regional Economic & Community Development generated $28.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $22.1m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, We Upjohn Institute For Employment Research Upjohn Institute Center For Regional Economic & Community Development has awarded 36 individual grants totaling $28,524,163. 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Horrigan President | Officer | 40 | $367,305 |
Susan N Houseman VP & Director Of Research | Officer | 40 | $303,434 |
Timothy J Bartik Senior Economist | 40 | $264,142 | |
Randall W Eberts Senior Economist | 40 | $256,600 | |
Christopher J O'leary Senior Economist | 40 | $229,346 | |
Brad J Hershbein Senior Economist | 40 | $214,763 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,286,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,286,511 |
| Total Program Service Revenue | $4,767,308 |
| Investment income | $12,966,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,669 |
| Net Rental Income | $29,157 |
| Net Gain/Loss on Asset Sales | $2,795,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,869,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,509,353 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,122,471 |
| Compensation of current officers, directors, key employees. | $848,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,258,657 |
| Pension plan accruals and contributions | $734,623 |
| Other employee benefits | $2,199,008 |
| Payroll taxes | $635,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,844 |
| Fees for services: Accounting | $53,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $306,087 |
| Fees for services: Other | $814,631 |
| Advertising and promotion | $47,395 |
| Office expenses | $253,109 |
| Information technology | $536,882 |
| Royalties | $0 |
| Occupancy | $895,461 |
| Travel | $60,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,999 |
| Interest | $36,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,158 |
| Insurance | $81,943 |
| All other expenses | $12,972 |
| Total functional expenses | $22,140,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,583,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,106,025 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $252,780 |
| Prepaid expenses and deferred charges | $344,713 |
| Net Land, buildings, and equipment | $7,608,816 |
| Investments—publicly traded securities | $266,043,754 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,939,178 |
| Accounts payable and accrued expenses | $2,279,701 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,170,140 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,399,676 |
| Total liabilities | $6,849,517 |
| Net assets without donor restrictions | $273,089,661 |
| Net assets with donor restrictions | $0 |
| 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 | $279,939,178 |
Grants Awarded
Over the last fiscal year, W E Upjohn Unemployment Trustee Corporation has awarded $4,405,952 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Portage, MI PURPOSE: PROGRAM ASSISTANCE | $3,209,901 |
Lansing, MI PURPOSE: PROGRAM ASSISTANCE | $1,139,374 |
Battle Creek, MI PURPOSE: PROGRAM ASSISTANCE | $56,677 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that W E Upjohn Unemployment Trustee Corporation has recieved totaling $243,754.
| Awarding Organization | Amount |
|---|---|
Kinexus Youth Solutions Inc Benton Harbor, MI PURPOSE: YOUTH SVCS STATEWIDE | $220,004 |
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: BC EMPLOYEE RESOURCE FUND | $23,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edison Welding Institute Inc Columbus, OH | $23,258,662 | $30,160,684 |
W E Upjohn Unemployment Trustee Corporation Kalamazoo, MI | $279,939,178 | $28,869,507 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
International Union Of Operating Engineers Local 324 Health & Welfa Troy, MI | $11,444,859 | $7,479,654 |