The Walsh College Foundation
- Assets
- $14.7m
- Revenue
- $1.3m
- Investments
- $1.4m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 05/2004
- Data as of
- 08/2021
- 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 08/2021, Walsh College Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $888.7k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR SCHOLARSHIPS & GENERAL SUPPORT OF WALSH COLLEGE
Describe the Organization's Program Activity:
THE WALSH COLLEGE FOUNDATION IS A WHOLLY OWNED SUBSIDIARY OF WALSH COLLEGE, ORGANIZED TO DEVELOP FUND-RAISING PROGRAMS, EVENTS, AND TO 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 And CEO | OfficerTrustee | 1 | $0 |
Susan Foley Vp, Chief Advancement Officer | OfficerTrustee | 1 | $0 |
Marsha Kelliher President And CEO (part-Year) | OfficerTrustee | 1 | $0 |
Dennis J Harder Trustee/vice Chair | OfficerTrustee | 0.3 | $0 |
Helen Kieba-Tolksdorf Vp, CFO And Treasurer | OfficerTrustee | 1 | $0 |
Louis C Schmidt Jr Trustee/chair | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,841 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $533,072 |
| Noncash contributions included in lines 1a–1f | $17,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $595,913 |
| Total Program Service Revenue | $0 |
| Investment income | $221,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $405,350 |
| Net Income from Fundraising Events | $34,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,256,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $845,703 |
| 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 | $32,644 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,400 |
| 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 | $888,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $272,586 |
| 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 | $11,648,431 |
| Investments—other securities | $1,356,420 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,123 |
| Total assets | $14,718,619 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $11,583 |
| Net assets with donor restrictions | $14,707,036 |
| 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 | $14,718,619 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Walsh College Foundation has recieved totaling $169,041.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,250 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: ROBINSON-COLEMAN ENDOWED SCHOLARSHIP FOR STUDENT VETERANS | $10,000 |
Frank L & Helen Gofrank Foundation Rochester, MI PURPOSE: PROMOTE EDUCATION | $5,000 |
Kresge Foundation Troy, MI PURPOSE: MATCHING GIFT | $2,750 |
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $10,878,655 |
| Earnings | $2,547,129 |
| Net Contributions | $398,975 |
| Grants | $517,303 |
| Ending Balance | $13,307,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
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 |