University Of Wisconsin-Eau Claire Foundation Inc
- Assets
- $130.5m
- Revenue
- $61.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Eau Claire, WI
- Founding
- 05/1964
- Data as of
- 06/2022
- EIN
- 39-0972350
Organization Overview
University Of Wisconsin-Eau Claire Foundation Inc is located in Eau Claire, WI. The organization was established in 1964. 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, University Of Wisconsin-Eau Claire Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Wisconsin-Eau Claire 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, University Of Wisconsin-Eau Claire Foundation Inc generated $61.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $50.2m during the year ending 06/2022. While expenses have increased by 21.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE SHALL BE TO PROVIDE FINANCIAL AID AND ASSISTANCE TO WORTHY AND NEEDY STUDENTS AT THE UNIVERSITY OF WISCONSIN-EAU CLAIRE, TO ENCOURAGE SCHOLARSHIP, TO PARTICIPATE IN AND ENCOURAGE ALL ENDEAVORS TO ADVANCE THE CAUSE OF EDUCATION AT THIS UNIVERSITY, TO ASSIST IN DEVELOPING AND INCREASING THE OPPORTUNITIES FOR STUDENTS AT THIS UNIVERSITY PRIMARILY IN THE AREAS OTHER THAN THOSE IN WHICH THE STATE OF WISCONSIN ORDINARILY MAKES APPROPRIATIONS AND TO DO ALL ACTS THAT THE CORPORATION SHALL DEEM TO BE IN THE INTEREST OF SAID UNIVERSITY. THE FUNDS OF THE CORPORATION SHALL BE INVESTED IN THE INVESTMENTS THAT SHALL MEET THE STANDARDS THAT THE CORPORATION, IN ITS DISCRETION, SHALL FROM TIME TO TIME DETERMINE, AND SHALL NOT BE RESTRICTED TO INVESTMENTS QUALIFYING AS TRUST FUND INVESTMENTS UNDER THE LAWS OF THE STATE OF WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DISBURSED OVER 60% OF THEIR TOTAL PROGRAM EXPENSES FOR UNIVERSITY PROGRAMS. THIS REPRESENTS FUNDING FOR GENERAL OPERATIONAL SUPPORT OF UNIVERSITY DEPARTMENTS AND COLLEGES. THIS INCLUDES FUNDING FOR DEPARTMENT ADVANCEMENT FUNDS THAT ARE USED TO SUPPORT PROJECTS AND ACTIVITIES NOT SUPPORTED BY STATE FUNDING. THE GENERAL NUMBER IMPACTED BY THAT TYPE OF PROGRAM IS 40 ADMINISTRATIVE UNITS ON CAMPUS AND 900 ADMINISTRATIVE AND OPERATIONAL SUPPORT STAFF.
STUDENT SCHOLARSHIPS AND AWARDS IS THE SECOND LARGEST PROGRAM SERVICE OFFERED BY THE FOUNDATION. THIS EQUATES TO NEARLY 40% OF TOTAL PROGRAM EXPENSES. FUNDING COMES FROM RESTRICTED AND UNRESTRICTED FUNDS. THE NUMBER OF SCHOLARSHIP RECIPIENTS WAS 1,371 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Donnermeyer Chair | OfficerTrustee | 0.1 | $0 |
Andrew Burish Past Chair | OfficerTrustee | 0.1 | $0 |
Eric Wan Vice Chair | OfficerTrustee | 0.1 | $0 |
Brandon Riechers Treasurer | OfficerTrustee | 0.1 | $0 |
Patricia Lien Assistant Treasurer | OfficerTrustee | 0.1 | $0 |
Christine Smith Secretary | OfficerTrustee | 0.1 | $0 |
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 | $56,013,959 |
| Noncash contributions included in lines 1a–1f | $1,047,032 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,013,959 |
| Total Program Service Revenue | $161,232 |
| Investment income | $1,789,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,074 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,899,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$14,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,072,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,022,656 |
| Grants and other assistance to domestic individuals. | $2,491,046 |
| 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 | $1,622,420 |
| Fees for services: Legal | $48,157 |
| Fees for services: Accounting | $20,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $293,005 |
| Fees for services: Other | $92,481 |
| Advertising and promotion | $920 |
| Office expenses | $129,757 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23 |
| Travel | $86,393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,761 |
| Interest | $64 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,075 |
| Insurance | $15,683 |
| All other expenses | $8,603 |
| Total functional expenses | $50,236,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,096,662 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $36,447,525 |
| Accounts receivable, net | $61,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,601,694 |
| Inventories for sale or use | $44,598 |
| Prepaid expenses and deferred charges | $111,109 |
| Net Land, buildings, and equipment | $40,230 |
| Investments—publicly traded securities | $64,281,938 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,768,615 |
| Total assets | $130,453,773 |
| Accounts payable and accrued expenses | $1,982,627 |
| Grants payable | $37,511,221 |
| Deferred revenue | $0 |
| 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 | $209,774 |
| Total liabilities | $39,703,622 |
| Net assets without donor restrictions | $12,487,477 |
| Net assets with donor restrictions | $78,262,674 |
| 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 | $130,453,773 |
Grants Awarded
Over the last fiscal year, University Of Wisconsin-Eau Claire Foundation Inc has awarded $45,022,656 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLUGOLD REAL ESTATE FOUNDATION INC PURPOSE: ORGANIZATIONAL SUPPORT AND REAL ESTATE ADDITIONS | $41,143,417 |
UNIVERSITY OF WISCONSIN - EAU CLAIRE PURPOSE: UNIVERSITY DEPARTMENT SUPPORT | $3,879,239 |