Shawnee State University Development Foundation
- Assets
- $34.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Portsmouth, OH
- Founding
- 12/1984
- Data as of
- 06/2021
- EIN
- 31-1115810
Organization Overview
Shawnee State University Development Foundation is located in Portsmouth, OH. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Shawnee State University Development Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shawnee State University Development 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 06/2021, Shawnee State University Development Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 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, Shawnee State University Development Foundation has awarded 20 individual grants totaling $5,925,914. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SHAWNEE STATE UNIVERSITY DEVELOPMENT FOUNDATION (SSUDF) WAS CREATED AS A 501(C)(3) ORGANIZATION WITH THE MISSION OF MAKING FRIENDS AND CREATING FUNDS AND SUPPORT FOR SHAWNEE STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT FINANCIAL AID IN THE FORM OF ACADEMIC SCHOLARSHIPS AND AWARDS, AND NEED-BASED SCHOLARSHIPS AND LOANS PROVIDED TO STUDENTS HELPS THE INSTITUTION ATTRACT THE BEST STUDENTS AND ALLOW STUDENTS WHO MIGHT OTHERWISE NOT BE AFFORDED A COLLEGE EDUCATION TO ATTEND SHAWNEE STATE UNIVERSITY. ALL SCHOLARSHIP PAYMENTS TOTALING $371,006 WERE PAID TO SHAWNEE STATE UNIVERSITY ON BEHALF OF THE ENROLLED AWARD RECIPIENT STUDENTS FOR PARTIAL PAYMENT OF TUITION, FEES AND/OR OTHER EXPENSES DIRECTLY RELATED TO EDUCATION. THE NUMBER OF UNIQUE SCHOLARSHIP RECIPIENTS DURING FISCAL YEAR 2021 WAS 197.
DISBURSEMENTS TO BENEFIT THE ACADEMIC PROGRAMS OF SHAWNEE STATE UNIVERSITY.
THE FOUNDATION SUPPORTS DEPARTMENTAL PROGRAMS, FACULTY DEVELOPMENT IN THE FORM OF RESEARCH AND WRITING SUBSIDIES, AND PROVIDES FUNDS FOR VISITING SCHOLARS AND LECTURERS WHICH ARE ALL VITAL TO THE DEVELOPMENT OF THE FACULTY AT SHAWNEE STATE UNIVERSITY. GRANT PAYMENTS TOTALING $16,949 WERE PAID TO FACULTY AND STAFF FOR DIRECT SUPPORT OF RESEARCH AND ACADEMIC PROGRAMMING. THE NUMBER OF FACULTY AND STAFF GRANT RECIPIENTS DURING FISCAL YEAR 2021 WAS 9.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Bauer Ssu Presidentssudf Board Mem | OfficerTrustee | 1 | $0 |
Elinda Boyles Ssudf Treasuere Resigned 1-3 | OfficerTrustee | 1 | $0 |
Tom Covert Ssudf President | OfficerTrustee | 1 | $0 |
Wayne Wheeler Ssudf Board Chairresigned 2 | OfficerTrustee | 1 | $0 |
Jonica Burke Ssudf Treasurer Effective 1 | OfficerTrustee | 1 | $0 |
Ed Daniels Ssudf Board VP Resigned 10-1 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,930 |
| Related organizations | $0 |
| Government grants | $598,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $691,790 |
| Noncash contributions included in lines 1a–1f | $285,226 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,528 |
| Total Program Service Revenue | $0 |
| Investment income | $300,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$110,473 |
| Net Gain/Loss on Asset Sales | $550,879 |
| Net Income from Fundraising Events | $5,631 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,095,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $544,883 |
| Grants and other assistance to domestic individuals. | $379,644 |
| 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 | $200,547 |
| Pension plan accruals and contributions | $28,699 |
| Other employee benefits | $40,601 |
| Payroll taxes | $5,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,353 |
| Fees for services: Other | $569 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,601 |
| 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 | $25,921 |
| Insurance | $0 |
| All other expenses | $19,761 |
| Total functional expenses | $1,364,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,815,421 |
| Pledges and grants receivable | $416,664 |
| 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 | $9,830,930 |
| Investments—publicly traded securities | $21,421,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,324,546 |
| Total assets | $34,809,232 |
| Accounts payable and accrued expenses | $11,659 |
| Grants payable | $177,236 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,633 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,339,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $404,418 |
| Total liabilities | $3,936,059 |
| Net assets without donor restrictions | $8,394,783 |
| Net assets with donor restrictions | $22,478,390 |
| 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 | $34,809,232 |
Grants Awarded
Over the last fiscal year, Shawnee State University Development Foundation has awarded $545,383 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHAWNEE STATE UNIVERSITY PURPOSE: SEE STATEMENT | $330,486 |
SHAWNEE STATE UNIVERSITY PURPOSE: SEE STATEMENT | $197,948 |
SHAWNEE STATE UNIVERSITY PURPOSE: SEE STATEMENT | $16,949 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shawnee State University Development Foundation has recieved totaling $53,460.
| Awarding Organization | Amount |
|---|---|
Delta Dental Fund Lansing, MI PURPOSE: GENERAL GRANT | $50,000 |
Richard D Marting Foundation Inc Portsmouth, OH PURPOSE: CHARITABLE & EDUCATIONAL | $3,333 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $127 |
Endowment Analysis
| Beg. Balance | $16,274,108 |
| Earnings | $3,951,412 |
| Net Contributions | $119,356 |
| Other Expense | $867,491 |
| Ending Balance | $19,477,385 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |