Uwm Foundation Inc
- Assets
- $226.5m
- Revenue
- $39.4m
- Investments
- $45.6m
- Employees
- 38
- Location
- Milwaukee, WI
- Founding
- 09/1974
- Data as of
- 06/2022
- EIN
- 23-7337744
Organization Overview
Uwm Foundation Inc is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Uwm Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uwm Foundation Inc 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, Uwm Foundation Inc generated $39.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $23.6m during the year ending 06/2022. While expenses have increased by 5.1% 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.
Since 2015, Uwm Foundation Inc has awarded 25 individual grants totaling $97,943,825. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE UWM FOUNDATION, INC. IS TO SUPPORT THE EDUCATIONAL, LITERARY, AND SCIENTIFIC ENDEAVORS OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY RECEIVING, MANAGING, AND DISTRIBUTING GIFTS TO BENEFIT THE UNIVERSITY'S STUDENTS, FACULTY, PROGRAMS, AND COMMUNITY. IN ADDITION, THE UWM FOUNDATION PROVIDES LEADERSHIP, OVERSIGHT, AND DIRECTION TO ITS AFFILIATED CORPORATIONS, THE UWM REAL ESTATE FOUNDATION, INC. AND THE UWM RESEARCH FOUNDATION, INC. THESE CORPORATIONS CREATE NEW UNIVERSITY FACILITIES TO SUPPORT STUDENT LIFE, RESEARCH, ACADEMICS AND REGIONAL ECONOMIC DEVELOPMENT, AND PROVIDE NEW SOURCES OF REVENUE FROM RESEARCH, COMMERCIALIZATION, AND ENTREPRENEURIAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: GENERAL SUPPORT OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S ADMINISTRATION, SCHOOLS, COLLEGES, LIBRARY, ETC. FOR THE BENEFIT OF ITS STUDENTS, FACULTY, AND STAFF.
EDUCATIONAL PROGRAMS: RESEARCH PROJECTS CONDUCTED BY FACULTY AND RESEARCHERS IN VARIOUS SCHOOLS AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE INCLUDING HEALTH SCIENCES, ARCHITECTURE, ENGINEERING, LETTERS & SCIENCES, NURSING, AND GRADUATE SCHOOL.EDUCATION: COMMUNITY SERVICE PROGRAMS INCLUDING SEMINARS, LECTURES, AND PERFORMANCES SPONSORED BY THE UNIVERSITY OF WISCONSIN-MILWAUKEE FOR THE ENRICHMENT OF THE METRO-MILWAUKEE COMMUNITY.
SCHOLARSHIP PROGRAMS: FINANCIAL AID AWARDED TO STUDENTS ENROLLED AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE.
EDUCATIONAL PROGRAMS: SPECIAL PROJECTS INCLUDING SPONSORSHIP OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S PUBLIC RADIO STATION, HONORS PROGRAM, PERFORMING ARTS CONCERT HALL, SCIENCE BAG SERIES, AND INNER CITY NURSING CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence J Schnuck Chair | OfficerTrustee | 1 | $0 |
John Kissinger Vice Chair | OfficerTrustee | 1 | $0 |
Christina Fiasca Secretary | OfficerTrustee | 1 | $0 |
William B Coleman Treasurer | OfficerTrustee | 1 | $0 |
Michael Aldana Director | Trustee | 1 | $0 |
David Barnett Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,816 |
| Membership dues | $0 |
| Fundraising events | $33,277 |
| Related organizations | $0 |
| Government grants | $98,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,219,129 |
| Noncash contributions included in lines 1a–1f | $568,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,357,240 |
| Total Program Service Revenue | $0 |
| Investment income | $6,741,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,480 |
| Net Gain/Loss on Asset Sales | $3,301,905 |
| Net Income from Fundraising Events | -$3,152 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,411,419 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,164,583 |
| Grants and other assistance to domestic individuals. | $5,706,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $554,868 |
| Compensation of current officers, directors, key employees. | $416,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,821 |
| Pension plan accruals and contributions | $102,331 |
| Other employee benefits | $200,144 |
| Payroll taxes | $122,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,649 |
| Fees for services: Accounting | $102,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $253,787 |
| Fees for services: Other | $385,450 |
| Advertising and promotion | $0 |
| Office expenses | $22,283 |
| Information technology | $19,599 |
| Royalties | $0 |
| Occupancy | $146,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,875 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,013 |
| Insurance | $20,447 |
| All other expenses | $199,626 |
| Total functional expenses | $23,629,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,522 |
| Savings and temporary cash investments | $98,485 |
| Pledges and grants receivable | $12,192,282 |
| Accounts receivable, net | $367,845 |
| 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 | $28,041 |
| Net Land, buildings, and equipment | $370,996 |
| Investments—publicly traded securities | $163,743,477 |
| Investments—other securities | $45,578,959 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,696,054 |
| Total assets | $226,454,661 |
| Accounts payable and accrued expenses | $879,083 |
| Grants payable | $0 |
| Deferred revenue | $1,680,000 |
| 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 | $17,185,219 |
| Total liabilities | $19,744,302 |
| Net assets without donor restrictions | $1,324,113 |
| Net assets with donor restrictions | $205,386,246 |
| 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 | $226,454,661 |
Grants Awarded
Over the last fiscal year, Uwm Foundation Inc has awarded $14,164,583 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE UWM REAL ESTATE FOUNDATION INC PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS | $100,000 |
THE UWM RESEARCH FOUNDATION INC PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS | $228,000 |
UNIVERSITY OF WISCONSIN - MILWAUKEE PURPOSE: TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS | $13,785,583 |
UWM ALUMNI ASSOC INC PURPOSE: TO SPONSOR ALUMNI WITH PROGRAMS, COMMUNITY SERVICE AND SPECIAL PROJECTS. | $51,000 |