Western Oregon University Development Foundation
- Assets
- $24.4m
- Revenue
- $4.0m
- Investments
- $53.1k
- Employees
- 0
- Location
- Monmouth, OR
- Founding
- 02/1965
- Data as of
- 06/2022
- EIN
- 93-6033807
Organization Overview
Western Oregon University Development Foundation is located in Monmouth, OR. The organization was established in 1965. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Western Oregon University Development 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 06/2022, Western Oregon University Development Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 0.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN OREGON UNIVERSITY FOUNDATION EXISTS TO STRENGTHEN RELATIONSHIPS AND PROVIDE RESOURCES IN ORDER TO SERVE AND SUPPORT THE MISSION AND VISION OF WESTERN OREGON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
464 WOU STUDENTS RECEIVED A TOTAL OF $1,004,501 SCHOLARSHIPS, STUDENT AID AND STUDENT LOANS FOR THE CONTINUATION OF THEIR EDUCATION AND ADVANCEMENT TOWARD THE COMPLETION OF THEIR DEGREES. THE WOU FOUNDATION BOARD AND STAFF ACTIVELY ENGAGE IN GROWING OUR CAPACITY FOR SCHOLARSHIPS. IN ADDITION TO THE MANY ON-GOING CURRENT USE AND ENDOWED SCHOLARSHIPS, WE ACTIVELY ENGAGE DONORS TO CREATE NEW NAMED SCHOLARSHIPS, ENDOWMENTS OR GIVE TO THE GENERAL SCHOLARSHIP FUND. SCHOLARSHIPS PROVIDE THE OPPORTUNITY FOR STUDENTS TO LIVE MORE FULLY, EXPERIENCE MORE AND MAKE COLLEGE AFFORDABLE.
THE FOUNDATION IS COMMITTED TO SERVE, SUPPORT AND STRENGTHEN WESTERN OREGON UNIVERSITY. THE GOALS AND OBJECTIVES OF THE FOUNDATION ARE TO ACCELERATE VOLUNTEER AND ALUMNI ENGAGEMENT TO PARTICIPATE IN MENTORING, FUNDRAISING AND OTHER ACTIVITIES TO SUPPORT THE STUDENT EXPERIENCE.AFTER COMPLETING RESEARCH WITH DONORS, VOLUNTEERS AND ALUMNI, BASED IN APPRECIATIVE INQUIRY, THE FOUNDATION HAS ESTABLISHED A VISION FOR THE FUTURE: TO ENSURE EVERY STUDENT HAS THE OPPORTUNITY TO HAVE ACCESS TO A QUALITY EDUCATIONAL EXPERIENCE THAT INCREASES THEIR ABILITY TO SUCCEED IN OUR EVER-CHANGING GLOBAL ECONOMY AND SOCIETY. TO THIS END, WE ARE FOCUSING ON RAISING FUNDS IN FIVE KEY AREAS: STUDENT SCHOLARSHIPS, INSTRUCTIONAL INNOVATION, FACILITIES AND FIELDS, REDUCING BARRIERS TO STUDENT SUCCESS, AND ENHANCING PROGRAMS THAT ENRICH THE STUDENT EXPERIENCE.
THE FOUNDATION SPONSORS UNIVERSITY PROGRAMS AND ACTIVITIES THAT ASSIST STUDENTS IN THE PURSUIT OF CULTURAL, SCIENTIFIC, EDUCATIONAL, AND ATHLETIC PROGRAMS. IN SPRING 2022, DURING OUR ANNUAL GIVING DAY, ALUMNI, EMPLOYEES, FAMILY, AND COMMUNITY GAVE MORE THAN $298,000 TO SUPPORT ACTIVITIES ACROSS CAMPUS INCLUDING THE FUND FOR WOU, EMERGENCY STUDENT AID, WOU FOOD PANTRY, SCHOLARSHIPS, MODEL UNITED NATIONS, SMITH FINE ARTS SERIES, STONEWALL CENTER, VETERANS RESOURCE CENTER AND MORE. FUNDS RAISED DURING THIS IMPORTANT DAY AND THROUGHOUT THE YEAR, CONTINUE TO SUPPORT THE WOU FOUNDATION'S SMALL COMPETITIVE GRANT PROGRAM THAT HELPS CREATE INNOVATION AND ENRICH THE STUDENT EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Morgan Chair | OfficerTrustee | 1 | $0 |
Pat Stineff Secretary | OfficerTrustee | 1 | $0 |
Kelly Atkinson Vice Chair | OfficerTrustee | 1 | $0 |
Cori Frauendiener Past Chair | OfficerTrustee | 1 | $0 |
Mark Humphreys Treasurer | OfficerTrustee | 1 | $0 |
Erin Mcdonough Executive Director (through Dec 2021) | Officer | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,256 |
| Related organizations | $0 |
| Government grants | $168,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,924,068 |
| Noncash contributions included in lines 1a–1f | $190,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,175,309 |
| Total Program Service Revenue | $107,398 |
| Investment income | $611,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $557 |
| Net Rental Income | $6,483 |
| Net Gain/Loss on Asset Sales | $1,063,466 |
| Net Income from Fundraising Events | -$30,794 |
| Net Income from Gaming Activities | $10,706 |
| Net Income from Sales of Inventory | $99,500 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,044,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $460,099 |
| Grants and other assistance to domestic individuals. | $1,004,501 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,338 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,031 |
| Office expenses | $225,098 |
| Information technology | $2,757 |
| Royalties | $0 |
| Occupancy | $5,088 |
| Travel | $66,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,477 |
| Insurance | $6,802 |
| All other expenses | $0 |
| Total functional expenses | $2,280,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,240 |
| Savings and temporary cash investments | $221,145 |
| Pledges and grants receivable | $932,286 |
| Accounts receivable, net | $31,292 |
| 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 | $520,560 |
| Net Land, buildings, and equipment | $130,645 |
| Investments—publicly traded securities | $22,071,445 |
| Investments—other securities | $53,146 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,734 |
| Total assets | $24,366,493 |
| Accounts payable and accrued expenses | $116,650 |
| 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 | $633,826 |
| Total liabilities | $750,476 |
| Net assets without donor restrictions | $5,053,335 |
| Net assets with donor restrictions | $18,562,682 |
| 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 | $24,366,493 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Western Oregon University Development Foundation has recieved totaling $384,376.
| Awarding Organization | Amount |
|---|---|
Ocf Joseph E Weston Public Foundation Portland, OR PURPOSE: Higher Education | $200,000 |
Oregon Community Foundation Portland, OR PURPOSE: Higher Education | $70,491 |
Marion-Polk Food Share Inc Salem, OR PURPOSE: TO PREVENT HUNGER | $31,128 |
Unitus Community Credit Union Portland, OR PURPOSE: GENERAL SUPPORT | $30,000 |
Oregon State Credit Union Corvallis, OR PURPOSE: OPERATIONAL SUPPORT AND SCHOLARSHIPS | $20,500 |
The Edouard Foundation Inc New York, NY PURPOSE: STUDENT MEDIA GENERAL PURPOSES ($10,000); FOOD PANTRY ($5,000) | $15,000 |
Endowment Analysis
| Beg. Balance | $19,807,731 |
| Earnings | -$993,658 |
| Admin Expense | $336,651 |
| Net Contributions | $351,803 |
| Other Expense | $1,422,102 |
| Ending Balance | $17,407,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Oregon Bookstore Inc Eugene, OR | $12,427,548 | $16,725,239 |
Warner Pacific University Portland, OR | $31,322,080 | $17,832,195 |
National University Of Natural Medicine Portland, OR | $24,174,669 | $16,800,960 |
California State University East Bay Foundation Inc Hayward, CA | $25,796,155 | $16,250,485 |
Western Washington University Foundation Bellingham, WA | $158,845,828 | $9,863,334 |
University Union Operation Of Ca State Univ Sacramento Sacramento, CA | $25,245,130 | $13,834,103 |
John Paul The Great Catholic University Escondido, CA | $9,814,132 | $8,425,507 |
San Francisco Bay University Fremont, CA | $295,269,122 | $7,298,553 |
University Of The West Rosemead, CA | $35,930,246 | $8,666,423 |
Wave Enterprises Inc Malibu, CA | $44,595,796 | $15,038,830 |
South Baylo University Anaheim, CA | $11,124,164 | $3,345,995 |
Concordia University Portland, OR | $0 | $350,044 |