University Of Cincinnati Foundation
- Assets
- $743.5m
- Revenue
- $143.1m
- Investments
- $0.0
- Employees
- 261
- Location
- Cincinnati, OH
- Founding
- 02/1977
- Data as of
- 06/2022
- EIN
- 31-0896555
Organization Overview
University Of Cincinnati Foundation is located in Cincinnati, OH. The organization was established in 1977. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, University Of Cincinnati Foundation employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Cincinnati 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, University Of Cincinnati Foundation generated $143.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $125.9m during the year ending 06/2022. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY.
Describe the Organization's Program Activity:
THE UC FOUNDATION IS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. THE UC FOUNDATION EXISTS TO ADVANCE THE FUTURES OF THE UNIVERSITY, ITS COLLEGES, UNITS, DEPARTMENTS, FACULTY AND STUDENTS THROUGH PHILANTHROPY AND TO PROMOTE ALUMNI ENGAGEMENT. ALL PROGRAM SERVICE ALLOCATIONS ARE MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF CINCINNATI. IN ADDITION TO THE ABOVE, THE UC FOUNDATION ALSO PROVIDES FUNDRAISING SERVICES FOR UC HEALTH AND RECORDS DONATIONS RECEIVED BY THE LINDNER CENTER OF HOPE. THE DONATIONS RECORDED BY THE UC FOUNDATION FOR UC HEALTH, THE LINDNER CENTER OF HOPE AND DONATIONS RECEIVED DIRECTLY BY THE UNIVERSITY OF CINCINNATI ARE NOT INCLUDED IN THE FORM 990 AS CONTRIBUTION AND GRANT REVENUE.
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 |
|---|---|---|---|
Leigh R Fox Vice Chair, Effective 4/22 | OfficerTrustee | 1 | $0 |
Rae A Mang Chair Effective 12/20 | OfficerTrustee | 1 | $0 |
Alvin H Crawford MD Trustee | Trustee | 1 | $0 |
Amanda Wait Trustee | Trustee | 1 | $0 |
Andrea K Wiot Trustee | Trustee | 1 | $0 |
Andrea I Zahumensky Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aspen Leadership Group Llc Executive Search Services | 6/29/22 | $104,448 |
Dinsmore Legal Services | 6/29/22 | $118,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $619,274 |
| Related organizations | $0 |
| Government grants | $2,974,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,965,309 |
| Noncash contributions included in lines 1a–1f | $17,437,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,558,765 |
| Total Program Service Revenue | $23,622,301 |
| Investment income | $19,734,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,322,891 |
| Net Income from Fundraising Events | -$247,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,064,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,716,540 |
| Grants and other assistance to domestic individuals. | $10,317 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,386,723 |
| Compensation of current officers, directors, key employees. | $375,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,132,112 |
| Pension plan accruals and contributions | $1,021,066 |
| Other employee benefits | $1,898,243 |
| Payroll taxes | $1,065,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $107,614 |
| Fees for services: Accounting | $141,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $208,719 |
| Fees for services: Other | $1,182,583 |
| Advertising and promotion | $1,701,342 |
| Office expenses | $176,517 |
| Information technology | $1,351,945 |
| Royalties | $0 |
| Occupancy | $446,966 |
| Travel | $267,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $244,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,578 |
| Insurance | $111,504 |
| All other expenses | $183,801 |
| Total functional expenses | $125,858,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,125,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,651,661 |
| Accounts receivable, net | $2,860,156 |
| 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 | $313,893 |
| Net Land, buildings, and equipment | $294,316 |
| Investments—publicly traded securities | $596,826,464 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,424,355 |
| Total assets | $743,496,538 |
| Accounts payable and accrued expenses | $15,447,853 |
| Grants payable | $0 |
| Deferred revenue | $52,500 |
| 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 | $23,694,464 |
| Total liabilities | $39,194,817 |
| Net assets without donor restrictions | $19,211,276 |
| Net assets with donor restrictions | $685,090,445 |
| 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 | $743,496,538 |
Grants Awarded
Over the last fiscal year, University Of Cincinnati Foundation has awarded $209,840,465 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CINCINNATI PURPOSE: Program Support | $206,150,797 |
UNIVERSITY OF CINCINNATI ALUMNI ASSOC PURPOSE: Program Support | $39,799 |
UC HEALTH FOUNDATION PURPOSE: Fundraising Support | $3,649,869 |