Ohio State University Foundation
- Assets
- $1.8b
- Revenue
- $353.8m
- Investments
- $759.4m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 11/1985
- Data as of
- 06/2023
- EIN
- 31-1145986
Organization Overview
Ohio State University Foundation is located in Columbus, OH. The organization was established in 1985. 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. Ohio State University 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 06/2023, Ohio State University Foundation generated $353.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $300.1m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OHIO STATE UNIVERSITY FOUNDATION IS THE OHIO STATE UNIVERSITY'S PRIMARY FUNDRAISING AND GIFT-RECEIVING ORGANIZATION. ITS PURPOSE IS TO ADVANCE THE MISSION OF OHIO STATE BY PURSUING AND SECURING PRIVATE SUPPORT TO BENEFIT OHIO STATE STUDENTS, FACULTY, PROGRAMS, AND/OR FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO THE OHIO STATE UNIVERSITY.
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael H Carpenter Board Of Directors | Trustee | 0.25 | $0 |
G Gilbert Cloyd Board Of Directors And Officer | OfficerTrustee | 0.5 | $0 |
Caryn Covelli Board Of Directors | Trustee | 0.25 | $0 |
Jack Cowart Board Of Directors | Trustee | 0.25 | $0 |
Tanny Crane Board Of Directors | Trustee | 0.25 | $0 |
Phyllis A Cummins Board Of Directors | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Awh Software Development Partner | 6/29/20 | $325,544 |
Avi Foodsystems Inc Event Catering Services | 6/29/20 | $396,593 |
Live Technologies Concert Audio And Visual | 6/29/20 | $175,000 |
Compton Construction General Contractor | 6/29/20 | $534,783 |
Fort Ventures Llc Creative Design Services | 6/29/20 | $167,755 |
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 | $317,262,254 |
| Noncash contributions included in lines 1a–1f | $22,152,765 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,262,254 |
| Total Program Service Revenue | $0 |
| Investment income | $35,319,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $353,823,681 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $90,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,877 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,262 |
| Fees for services: Accounting | $94,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,533,880 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,563 |
| 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 | $280,197,718 |
| Total functional expenses | $300,050,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $264,769,955 |
| 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 | $3,550,000 |
| Investments—publicly traded securities | $728,969,534 |
| Investments—other securities | $759,357,801 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $848 |
| Total assets | $1,756,992,042 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,591,769 |
| 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 | $44,236,918 |
| Total liabilities | $54,828,687 |
| 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 | $1,702,163,355 |
| Total liabilities and net assets/fund balances | $1,756,992,042 |