Wayne State University
- Assets
- $501.1k
- Revenue
- $185.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 09/1961
- Data as of
- 09/2021
- EIN
- 23-7080478
Organization Overview
Wayne State University is located in Detroit, MI. The organization was established in 1961. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Wayne State University 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 09/2021, Wayne State University generated $185.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $132.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE INSTRUCTION, RESEARCH AND PUBLIC SERVICE MISSION OF WAYNE STATE UNIVERSITY BY PROVIDING ALUMNI INFORMATION, RESOURCES, PROGRAMS, AND SERVICE OPPORTUNITIES THAT AID IN DEVELOPING A PERSONAL LIFELONG CONNECTION TO WSU.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE INSTRUCTION, RESEARCH AND PUBLIC SERVICE MISSION OF WAYNE STATE UNIVERSITY BY PROVIDING ALUMNI INFORMATION, RESOURCES, PROGRAMS AND SERVICE OPPORTUNITIES THAT AID IN DEVELOPING A PERSONAL LIFELONG CONNECTION TO WSU.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adelaide Pascaris Vice President | OfficerTrustee | 1 | $0 |
Mary Jenkins-Williams Secretary | OfficerTrustee | 1 | $0 |
Robert Reaves President | OfficerTrustee | 1 | $0 |
Peter Caborn Treasurer | Officer | 3.75 | $0 |
Abhijit Nikhade Board Member | Trustee | 1 | $0 |
Adijat Ogunyemi Board Member | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $5,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $180,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,300 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,782 |
| Office expenses | $93 |
| 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 | $257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,750 |
| All other expenses | $20 |
| Total functional expenses | $132,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $180,444 |
| Pledges and grants receivable | $0 |
| 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 | $2,611 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $318,054 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,109 |
| 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 | $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 |
| Retained earnings, endowment, accumulated income, or other funds | $501,109 |
| Total liabilities and net assets/fund balances | $501,109 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wayne State University has recieved totaling $427,639.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $383,139 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $24,500 |
Organic Syntheses Inc Wayne State University Waco, TX PURPOSE: DONATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Institute Of Technology Inc Fort Wayne, IN | $325,851,841 | $108,107,562 |
Andrews Academy Berrien Springs, MI | $217,758,414 | $91,457,423 |
Lawrence Technological University Southfield, MI | $206,424,495 | $77,203,633 |
Walsh University North Canton, OH | $125,540,692 | $81,110,683 |
Northwood University Midland, MI | $206,640,197 | $67,719,695 |
Franklin University Columbus, OH | $146,345,145 | $78,032,450 |
Tiffin University Tiffin, OH | $103,114,679 | $75,037,751 |
Madonna University Livonia, MI | $137,754,310 | $64,155,252 |
Aquinas College Inc Grand Rapids, MI | $134,653,902 | $57,861,871 |
Spring Arbor University Spring Arbor, MI | $117,706,711 | $70,872,846 |
Mount Vernon Nazarene University Mount Vernon, OH | $109,148,001 | $70,192,718 |
Siena Heights University Adrian, MI | $100,727,760 | $58,898,740 |