The Walsh College Foundation
- Assets
- $13.3m
- Revenue
- $2.3m
- Investments
- $1.1m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 05/2004
- Data as of
- 08/2022
- EIN
- 20-0664128
Organization Overview
The Walsh College Foundation is located in Troy, MI. The organization was established in 2004. 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. Walsh College 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 08/2022, Walsh College Foundation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 years. 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
RAISE FUNDS FOR STUDENT SCHOLARSHIPS AND GENERAL SUPPORT OF WALSH COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALSH COLLEGE FOUNDATION IS A WHOLLY OWNED SUBSIDIARY OF WALSH COLLEGE, ORGANIZED TO DEVELOP FUND-RAISING PROGRAMS, EVENTS, AND T APPLY GIFTS, GRANTS, CONTRIBUTIONS, AND BEQUESTS IN FURTHERANCE OF THE EDUCATIONAL, CHARITABLE, AND OTHER PURPOSES OF THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Levens President/ceo(left 04/2022) | 1 | $0 | |
Suzanne Siegle President & CEO | Officer | 1 | $0 |
Teresa Esshaki CFO (left 04/2022) | 1 | $0 | |
Louis Schmidt Jr Trustee/chair | OfficerTrustee | 0.3 | $0 |
Mark J Albrecht Trustee | Trustee | 0.3 | $0 |
Daniel A Cornwell Trustee | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,351,209 |
| Noncash contributions included in lines 1a–1f | $6,370 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,437,268 |
| Total Program Service Revenue | $0 |
| Investment income | $459,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $467,835 |
| Net Income from Fundraising Events | -$66,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,298,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,103,345 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,814 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,140 |
| 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 | $1,160,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,823 |
| Savings and temporary cash investments | $1,599,343 |
| Pledges and grants receivable | $479,091 |
| 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 | $0 |
| Investments—publicly traded securities | $10,092,227 |
| Investments—other securities | $1,110,418 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,346,902 |
| Accounts payable and accrued expenses | $0 |
| 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 | $59,021 |
| Total liabilities | $59,021 |
| Net assets without donor restrictions | $35,231 |
| Net assets with donor restrictions | $13,252,650 |
| 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 | $13,346,902 |