Western Illinois University Foundation
- Assets
- $79.1m
- Revenue
- $7.4m
- Investments
- $69.9m
- Employees
- 0
- Location
- Macomb, IL
- Founding
- 01/1948
- Data as of
- 06/2020
- EIN
- 37-6046814
Organization Overview
Western Illinois University Foundation is located in Macomb, IL. The organization was established in 1948. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Western Illinois 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 06/2020, Western Illinois University Foundation generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $8.9m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WIU FOUNDATION IS TO MAXIMIZE PRIVATE SUPPORT FOR WESTERN ILLINOIS UNIVERSITY TO ASSIST IN ADVANCING ITS CORE VALUES OF ACADEMIC EXCELLENCE, EDUCATIONAL OPPORTUNITY, PERSONAL GROWTH, AND SOCIAL RESPONSIBILITY. PRIVATE SUPPORT ENABLES WESTERN ILLINOIS UNIVERSITY TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS AND ADVANCE ITS MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.PRIVATE ASSISTANCE IS SOUGHT AND ADMINISTERED WITH THE PRIMARY OBJECTIVE OF SERVING PURPOSES OTHER THAN THOSE FOR WHICH THE STATE OF ILLINOIS MAKES SUFFICIENT APPROPRIATIONS.THESE CONTRIBUTIONS, WHEN ADDED TO STATE RESOURCES, ADD AN EXTRA DIMENSION BY SUPPORTING PROGRAMS THAT MIGHT NOT OTHERWISE BE POSSIBLE. SUCH GENEROSITY ENABLES WESTERN ILLINOIS UNIVERSITY TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS AND ADVANCE ITS MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY, 3,047 SCHOLARSHIPS AND 26 FACULTY & STAFF AWARDS WERE DISTRIBUTED DURING THE YEAR. GRANT TOTALS: SCHOLARSHIPS: $2,611,774; FACULTY AWARDS AND GRANTS $39,530; EDUCATION: $591,903; TOTAL: $3,243,207.
UNIVERSITY: PROVIDED FINANCIAL SUPPORT TO DEPARTMENTS, INSTRUCTIONS, RESEARCH, SPECIAL PROJECTS, AND OTHER DESIGNATED AREAS TO ENHANCE A VARIETY OF UNIVERSITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Sutton Non-Voting, Ex-Officio Dir | Officer | 37.5 | $60,470 |
Bradley L Bainter Executive Director | Officer | 37.5 | $51,044 |
Lisa Krieg Recording Secretary | Officer | 37.5 | $39,525 |
James S Lodico Vice President | OfficerTrustee | 0.6 | $0 |
John D Mcmillan Treasurer | OfficerTrustee | 0.5 | $0 |
Jason L Duncan Secretary | OfficerTrustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,688,633 |
| Investment income | $1,674,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $133,510 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$460,392 |
| Net Income from Fundraising Events | $20,696 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,417,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,841,939 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,521 |
| Fees for services: Accounting | $44,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $791,402 |
| Fees for services: Other | $0 |
| Advertising and promotion | $277,207 |
| Office expenses | $313,015 |
| Information technology | $0 |
| Royalties | $1,566 |
| Occupancy | $85,057 |
| Travel | $189,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,976 |
| Interest | $7,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418 |
| Insurance | $47,530 |
| All other expenses | $0 |
| Total functional expenses | $8,861,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,772,017 |
| Pledges and grants receivable | $1,257,154 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,673 |
| Inventories for sale or use | $65,223 |
| Prepaid expenses and deferred charges | $89,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $69,876,672 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,218,959 |
| Total assets | $79,070,194 |
| Accounts payable and accrued expenses | $98,621 |
| Grants payable | $0 |
| Deferred revenue | $574,023 |
| 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 | $140,889 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $389,531 |
| Total liabilities | $1,203,064 |
| 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 |
| Total liabilities and net assets/fund balances | $77,867,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Illinois University Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Shive-Hattery Group Charitable Contribution Fund Inc Cedar Rapids, IA PURPOSE: GENERAL OPERATING BUDGET | $2,000 |
Endowment Analysis
| Beg. Balance | $64,215,863 |
| Earnings | $23,014,264 |
| Admin Expense | $35,020 |
| Net Contributions | $822,412 |
| Other Expense | $3,271,461 |
| Ending Balance | $84,746,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maranatha Baptist University Inc Watertown, WI | $23,775,385 | $19,476,702 |
Allen College Waterloo, IA | $31,467,568 | $14,208,836 |
Holy Family College Inc Manitowoc, WI | $6,992,394 | $12,349,410 |
Western Illinois University Foundation Macomb, IL | $79,070,194 | $7,417,920 |
Spertus Institute For Jewish Learning And Leadership Chicago, IL | $61,494,654 | $7,279,775 |
Southern Illinois University Edwardsville Foundation Edwardsville, IL | $53,902,987 | $8,733,295 |
Vandercook College Of Music Chicago, IL | $10,499,413 | $6,354,157 |
Eastern Illinois University Foundation Charleston, IL | $118,656,033 | $17,377,290 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Martin University Inc Indianapolis, IN | $11,458,178 | $6,489,319 |
University Of Southern Indiana Foundation Inc Evansville, IN | $166,446,934 | $20,278,244 |
University Of Wisconsin Stevens Point Foundation Inc Stevens Point, WI | $75,127,942 | $13,216,092 |