Wisconsin Alumni Research Foundation
- Assets
- $3.2b
- Revenue
- -$91.8m
- Investments
- $1.6b
- Employees
- 110
- Location
- Madison, WI
- Founding
- 03/1935
- Data as of
- 06/2022
- EIN
- 39-0833612
Organization Overview
Wisconsin Alumni Research Foundation is located in Madison, WI. The organization was established in 1935. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2022, Wisconsin Alumni Research Foundation employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Alumni Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Wisconsin Alumni Research Foundation has awarded 14 individual grants totaling $980,586,107. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT UW-MADISON AND MORGRIDGE BY PROVIDING FUNCTIONAL SUPPORT AND GRANTS FOR RESEARCH.
Describe the Organization's Program Activity:
1) WARF SUPPORTS UW-MADISON THROUGH ONGOING OPERATIONAL AND FUNCTIONAL SUPPORT, A CORE ANNUAL BASE GRANT, AND ADDITIONAL YEAR-TO-YEAR GRANTS. WARF IS A NEARLY CENTURY-OLD, INDEPENDENT, NONPROFIT SUPPORTING ORGANIZATION THAT HAS PROVIDED DIRECT OPPERATIONAL SUPPORT THAT MOST PUBLIC UNIVERSITIES MUST PROVIDE THEMSELVES, INCLUDING SERVING AS UW-MADISON'S DESIGNATED PATENT MANAGEMENT ORGANIZATION; HOLDING AND MANAGING EDUCATIONAL AND RESEARCH-RELATED ASSETS; PROVIDING EDUCATIONAL PROGRAMMING; AND CONNECTING THE WIDER COMMUNITY TO SCIENTIFIC RESEARCH AT UW-MADISON. SINCE THE GREAT DEPRESSION, WARF'S ANNUAL BASE GRANT HAS SUPPORTED PIVOTAL CAMPUS ACTIVITIES SUCH AS FACULTY RECRUITMENT AND RETENTION, GRADUATE FELLOWSHIPS, AND GRANTS-IN-AID FOR RESEARCH PROJECTS. OVER SUBSEQUENT DECADES, WARF GREW TO PROVIDE SUPPORT THAT REACHES INTO EVERY CORNER OF UW-MADISON'S INNOVATION ECOSYSTEM, INCLUDING FUNDING BUILDINGS AND EQUIPMENT TO IMPROVE CAMPUS RESEARCH AND MAINTAIN UW-MADISON'S EXCELLENCE.
2) IN ADDITION TO UW-MADISON'S PUBLIC RESEARCH MISSION, WARF ALSO SUPPORTS THE MORGRIDGE INSTITUTE FOR RESEARCH (MORGRIDGE), A PRIVATE MEDICAL RESEARCH ORGANIZATION FUNCTIONALLY INTEGRATED WITH UW-MADISON, THROUGH BOTH GRANT FUNDING AND DIRECT OPERATIONAL SUPPORT, INCLUDING TECHNOLOGY TRANSFER ACTIVITIES. FOUNDED IN 2006, MORGRIDGE USES ITS PRIVATE STATUS AND STREAMLINED ORGANIZATIONAL STRUCTURE TO RESPOND NIMBLY TO EMERGING OPPORTUNITIES TO IMPROVE HUMAN HEALTH THROUGH INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL DISCOVERIES. WARF'S SUPPORT OF MORGRIDGE CREATES A CULTURE IN PARTNERSHIP WITH UW-MADISON THAT ENABLES RIGOROUS BIOMEDICAL RESEARCH, SPARKS CURIOSITY, AND SERVES SOCIETY THROUGH TRANSLATIONAL OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Iverson Trustee/ceo | OfficerTrustee | 40 | $625,596 |
Alain Hung Deputy Chief Investment Officer | 40 | $521,114 | |
Michael Wagner Investment Director | 40 | $451,863 | |
Michael Falk Chief Ip & Licensing Officer | Officer | 40 | $410,757 |
John Gransee Cfo/coo | Officer | 40 | $385,157 |
Michael Partsch Cheif Venture Officer | Officer | 40 | $378,289 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Consulting Services | 6/29/22 | $1,000,000 |
Quarles & Brady Legal Services | 6/29/22 | $1,203,535 |
Cpa Global Limited Patent Legal/annuity Service | 6/29/22 | $1,151,295 |
Pharmaron Inc Research/testing Services | 6/29/22 | $2,240,189 |
Mcdonell Boehnen Hulbert & Berghoff Llp Legal Services | 6/29/22 | $986,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,743 |
| Noncash contributions included in lines 1a–1f | $51,827 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,743 |
| Total Program Service Revenue | $15,615,211 |
| Investment income | $17,534,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,250,000 |
| Net Gain/Loss on Asset Sales | -$131,823,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$91,812,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,854,691 |
| 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. | $7,140,581 |
| Compensation of current officers, directors, key employees. | $4,445,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,557,770 |
| Pension plan accruals and contributions | $1,734,091 |
| Other employee benefits | $1,048,509 |
| Payroll taxes | $465,164 |
| Fees for services: Management | $6,265 |
| Fees for services: Legal | $452,792 |
| Fees for services: Accounting | $179,047 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,512,427 |
| Fees for services: Other | $599,437 |
| Advertising and promotion | $115,422 |
| Office expenses | $139,104 |
| Information technology | $677,663 |
| Royalties | $6,562,761 |
| Occupancy | $2,588,018 |
| Travel | $124,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,280 |
| Interest | $8,020,276 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,722,092 |
| Insurance | $472,312 |
| All other expenses | $1,029,152 |
| Total functional expenses | $152,502,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,799,753 |
| Savings and temporary cash investments | $6,580,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,539,442 |
| 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 | $127,528 |
| Net Land, buildings, and equipment | $116,847,313 |
| Investments—publicly traded securities | $1,445,681,265 |
| Investments—other securities | $1,598,800,926 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,520,303 |
| Total assets | $3,181,896,827 |
| Accounts payable and accrued expenses | $13,872,244 |
| Grants payable | $664,454,551 |
| Deferred revenue | $28,162 |
| 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 | $223,661,353 |
| Other liabilities | $15,231,647 |
| Total liabilities | $917,247,957 |
| Net assets without donor restrictions | $2,211,204,350 |
| Net assets with donor restrictions | $53,444,520 |
| 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 | $3,181,896,827 |
Grants Awarded
Over the last fiscal year, Wisconsin Alumni Research Foundation has awarded $94,854,691 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4A | $83,854,691 |
Madison, WI PURPOSE: SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4B | $11,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wisconsin Alumni Research Foundation has recieved totaling $53,000.
| Awarding Organization | Amount |
|---|---|
Tosa Foundation Portola Valley, CA PURPOSE: EDUCATION | $52,000 |
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Alumni Research Foundation Madison, WI | $3,181,896,827 | -$91,812,100 |
Alumni Association Of The University Of Michigan Ann Arbor, MI | $176,574,081 | $18,254,145 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Forest Hills Pto & Boosters Council Grand Rapids, MI | $1,625,695 | $1,126,806 |
Southern Illinois University Carbondale, IL | $8,138,109 | -$879,336 |