Michigan State University Foundation
- Assets
- $10.3m
- Revenue
- -$159.5k
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 05/1991
- Data as of
- 06/2021
- EIN
- 38-6552713
Organization Overview
Michigan State University Foundation is located in East Lansing, MI. The organization was established in 1991. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Michigan State University Foundation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD TITLE AND PERFORM RELATED FUNCTIONS IN CONNECTION WITH A RESEARCH (CONTINUED IN SCH O) PARK AND INNOVATION CENTER IN SUPPORT OF MICHIGAN STATE UNIVERSITY FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD TITLE AND PERFORM RELATED FUNCTIONS IN CONNECTION WITH A RESEARCH PARK AND INNOVATION CENTER IN SUPPORT OF MICHIGAN STATE UNIVERSITY FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Smith Director Of Ucrp | 40 | $119,005 | |
David Washburn President | OfficerTrustee | 2 | $0 |
Rebekah Skrzyniarz Director Of Finance | Officer | 1 | $0 |
Randolph Cowen Board Member | Trustee | 0.2 | $0 |
John Phillips Board Member | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Granger Construction Company Construction Services | 6/29/21 | $334,806 |
Myers Plumbing & Heating Inc Repair & Maintenance Svcs | 6/29/21 | $272,239 |
View All Vendors
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,236 |
| Investment income | $95 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$182,997 |
| Net Gain/Loss on Asset Sales | -$816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$159,482 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,621 |
| Savings and temporary cash investments | $909,019 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,339 |
| 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 | $4,285 |
| Net Land, buildings, and equipment | $9,138,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,270,598 |
| Accounts payable and accrued expenses | $10,328,710 |
| Grants payable | $0 |
| Deferred revenue | $13,904 |
| 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 | $10,342,614 |
| Net assets without donor restrictions | -$72,016 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,270,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan State University Foundation has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Mclaren Greater Lansing Lansing, MI PURPOSE: SPARTANS FORWARD SCHOLARSHIP | $1,000,000 |
View Grant Recipient Profile
Endowment Analysis
| Beg. Balance | $1,995,889 |
| Earnings | $177,788 |
| Other Expense | $63,078 |
| Ending Balance | $2,110,599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
Clven National House Corporation Carmel, IN | $3,795,815 | $8,533,157 |
Wright State University Foundation Inc Dayton, OH | $166,064,682 | $13,302,016 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Medical Educational And Development Foundation Coldwater, OH | $428,237 | $6,392,233 |
Sc Health Sciences Inc Livonia, MI | $92,182,712 | $5,946,054 |
Charles P Taft Memorial Fund Cincinnati, OH | $192,672,147 | $13,464,389 |
Indiana State University Foundation Inc Terre Haute, IN | $120,588,616 | $29,901,749 |
Science And Technology Campus Corporation Columbus, OH | $41,499,463 | $6,865,691 |