Saginaw Valley State University Foundation
- Assets
- $94.8m
- Revenue
- $8.6m
- Investments
- $13.2m
- Employees
- 0
- Location
- University Center, MI
- Founding
- 02/1964
- Data as of
- 06/2020
- EIN
- 38-6085447
Organization Overview
Saginaw Valley State University Foundation is located in University Center, MI. The organization was established in 1964. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Saginaw Valley State University Foundation 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 06/2020, Saginaw Valley State University Foundation generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $9.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE AND CULTIVATE A COMMUNITY OF ENTHUSIASTIC AND LOYAL DONORS WHO CONTRIBUTE TO THE DEVELOPMENT OF A PREMIER UNIVERSITY OF OUTSTANDING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSFER TO SAGINAW VALLEY STATE UNIVERSITY TO FUND SCHOLARSHIPS, AWARDS, PROGRAMS, BUILDING PROJECTS, AND ENDOWED CHAIRS: SCHOLARSHIPS 9,244,083 AWARDS 42,156 PROGRAMS 1,738,818 BUILDING PROJECTS 3,083,352 ENDOWED CHAIRS 510,306
SUPPORT TO REGISTERED STUDENT ORGANIZATIONS AT SAGINAW VALLEY STATE UNIVERSITY: CARDINAL SINS 530 OTHER ORGANIZATIONS 1,515 ACTIVE MINDS 250
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald J Bachand First Vice C | OfficerTrustee | 1 | $0 |
David J Abbs Chair | OfficerTrustee | 1 | $0 |
James G Muladore Treasurer | OfficerTrustee | 5 | $0 |
Mary Anne Ackerman Secretary | OfficerTrustee | 1 | $0 |
Kimberly A Norris Immediate Pa | OfficerTrustee | 1 | $0 |
Dr Waheed Akbar Second Vice | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,899,082 |
| Investment income | $2,020,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $615,782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,609,845 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $918,506 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,914,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,192,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,892,880 |
| Accounts receivable, net | $256,758 |
| 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 |
| Investments—publicly traded securities | $64,713,157 |
| Investments—other securities | $13,185,195 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,563,411 |
| Total assets | $94,804,323 |
| Accounts payable and accrued expenses | $1,799,480 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,211 |
| Total liabilities | $2,005,691 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $92,798,632 |
Grants Awarded
Over the last fiscal year, Saginaw Valley State University Foundation has awarded $4,938,570 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
University Center, MI PURPOSE: SUPPORT UNIVERSITY | $4,930,004 |
University Center, MI PURPOSE: SUPPORT STUDENT ORGS | $8,566 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Saginaw Valley State University Foundation has recieved totaling $1,754,278.
| Awarding Organization | Amount |
|---|---|
Thompson Foundation Plymouth, MI PURPOSE: THOMPSON WORKING FAMILY SCHOLARS PROGRAM FUND | $1,235,016 |
Saginaw Community Foundation Saginaw, MI PURPOSE: DISTRIBUTION/PROGRAM | $487,142 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Bay Area Community Foundation Bay City, MI PURPOSE: COMMUNITY READ: GREAT LAKES BAY REGION | $7,845 |
Thompson Foundation Plymouth, MI PURPOSE: MILITARY SCHOLARSHIPS | $6,000 |
Bay Area Community Foundation Bay City, MI PURPOSE: OSTHELDER SCHOLARSHIP FUND | $5,500 |
Endowment Analysis
| Beg. Balance | $85,389,333 |
| Earnings | $23,488,582 |
| Net Contributions | $921,270 |
| Other Expense | $2,949,334 |
| Ending Balance | $106,849,851 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Cuyahoga Community College Foundati Cleveland, OH | $98,727,251 | $19,770,120 |