Bowling Green State University Foundation Inc
- Assets
- $269.8m
- Revenue
- $28.1m
- Investments
- $33.4m
- Employees
- 51
- Location
- Bowling Green, OH
- Founding
- 07/1956
- Data as of
- 06/2022
- EIN
- 34-6007199
Organization Overview
Bowling Green State University Foundation Inc is located in Bowling Green, OH. The organization was established in 1956. 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 06/2022, Bowling Green State University Foundation Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowling Green State University 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, Bowling Green State University Foundation Inc generated $28.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $22.0m during the year ending 06/2022. While expenses have increased by 4.8% 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, Bowling Green State University Foundation Inc has awarded 16 individual grants totaling $60,832,637. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY BY RECEIVING, INVESTING AND STEWARDING PRIVATE GIFTS, AND BY ENCOURAGING PROSPECTIVE DONORS TO GIVE.
Describe the Organization's Program Activity:
PROVIDING SCHOLARSHIPS AND AWARDS IS A CRITICAL PART OF THE BGSU FOUNDATION, INC. IN SUPPORT OF THE BOWLING GREEN STATE UNIVERSITY'S ONGOING COMMITMENT TO ACCESS, AFFORDABILITY AND OPPORTUNITY; SCHOLARSHIPS AND AWARDS ARE GRANTED BASED UPON DEFINED GUIDELINES AND PREREQUISITES.
OTHER PROGRAM SERVICES INCLUDE PROVIDING SUPPORT TO UNIVERSITY INSTITUTES AND CENTERS, ATHLETIC AND RECREATIONAL PROGRAMS, AND WBGU-TV, THE BGSU TELEVISION STATION.
THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT TO ACADEMIC AND ADMINISTRATIVE DEPARTMENTS OF BOWLING GREEN STATE UNIVERSITY THAT ADVANCE THE STRATEGIC PLAN OF THE UNIVERSITY AND THE UNIVERSITY'S MISSION TO FOSTER ENGAGED CITIZENSHIP, GLOBAL LEADERSHIP AND CAREER PREPAREDNESS.
THE BGSU FOUNDATION, INC. PROVIDES FINANCIAL SUPPORT THAT ALLOWS THE BOWLING GREEN STATE UNIVERSITY TO MOVE FORWARD WITH CAPITAL PROJECTS AND IMPROVEMENTS THAT ENHANCE THE CAMPUS COMMUNITY WITH LEARNING,DISCOVERY AND ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, Board Chair Elect, Nominating & Gov. Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director, Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director, Bgsu Foundation President & CEO | OfficerTrustee | 35 | $312,441 |
Name Not Listed Director, Treasurer, Financial Affairs Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investments Llc Investment Advisor | 6/29/22 | $360,452 |
Ruffalo Noel Levitz Llc Fundraising Management; Contracted Ended June 2021; Professional Fundraiser; | 6/29/22 | $163,439 |
Eab Advancement Marketing Services | 6/29/22 | $198,377 |
Contributor Development Partnership Wbgu Fundraising & Constituent Management Services & Software | 6/29/22 | $120,636 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $275,124 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,317,673 |
| Noncash contributions included in lines 1a–1f | $2,259,498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,592,797 |
| Total Program Service Revenue | $312,979 |
| Investment income | $5,135,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,020,607 |
| Net Income from Fundraising Events | -$10,897 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,051,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,500,095 |
| Grants and other assistance to domestic individuals. | $10,043,205 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $376,772 |
| Compensation of current officers, directors, key employees. | $263,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $560,903 |
| Pension plan accruals and contributions | $77,706 |
| Other employee benefits | $94,945 |
| Payroll taxes | $0 |
| Fees for services: Management | $193,430 |
| Fees for services: Legal | $247,950 |
| Fees for services: Accounting | $57,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,589 |
| Office expenses | $251,327 |
| Information technology | $434,824 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,213 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,301 |
| All other expenses | $77,673 |
| Total functional expenses | $21,976,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,728,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,682,893 |
| 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 | $0 |
| Investments—publicly traded securities | $219,501,476 |
| Investments—other securities | $33,372,844 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,469,967 |
| Total assets | $269,755,787 |
| Accounts payable and accrued expenses | $469,971 |
| Grants payable | $0 |
| Deferred revenue | $3,137,502 |
| 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 | $3,607,473 |
| Net assets without donor restrictions | $19,928,873 |
| Net assets with donor restrictions | $246,219,441 |
| 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 | $269,755,787 |
Grants Awarded
Over the last fiscal year, Bowling Green State University Foundation Inc has awarded $8,500,095 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOWLING GREEN STATE UNIVERSITY PURPOSE: To support the University's exempt purpose. | $8,380,095 |
BGSU ALUMNI ASSOCIATION PURPOSE: To support the Alumni Association's Exempt purpose. | $120,000 |