University Of Wisconsin River Falls Foundation
- Assets
- $36.3m
- Revenue
- $5.1m
- Investments
- $3.1m
- Employees
- 4
- Location
- River Falls, WI
- Founding
- 01/1957
- Data as of
- 06/2024
- EIN
- 39-6064630
Organization Overview
University Of Wisconsin River Falls Foundation is located in River Falls, WI. The organization was established in 1957. 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 06/2024, University Of Wisconsin River Falls Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Wisconsin River Falls 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 06/2024, University Of Wisconsin River Falls Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. While expenses have increased by 4.9% per year over the past 9 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, University Of Wisconsin River Falls Foundation has awarded 39 individual grants totaling $21,150,058. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE UNIVERSITY OF WISCONSIN - RIVER FALLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROJECTS FOR UNIVERSITY RELATED ACTIVITIESDISBURSEMENTS OF THIS TYPE ARE FOR PAYMENTS TO ENHANCE AND SUPPORT THE ACTIVITIES OF THE UNIVERSITY OF WISCONSIN - RIVER FALLS INCLUDING, BUT NOT LIMITED TO THE FOLLOWING: TRAVEL, AWARDS & RECOGNITION, MEMBERSHIPS, CONFERENCES, EQUIPMENT, AND CAPITAL IMPROVEMENTS. THERE ARE 272 UNIQUE FUNDS OF THIS TYPE.
SCHOLARSHIPS AND AWARDS -SCHOLARSHIPS ARE PAID TO STUDENTS ENROLLED AT THE UNIVERSITY OF WISCONSIN - RIVER FALLS. DONEES ARE SELECTED ON THE BASIS OF SCHOLASTIC MERIT, LEADERSHIP, ETC. INDIVIDUAL DONORS OF SCHOLARSHIPS MAY NOT SPECIFY INDIVIDUAL DONEES OF FUNDS. THERE ARE 402 ANNUALLY FUNDED AND 270 ENDOWED SCHOLARSHIP FUNDS THAT ARE FULLY FUNDED AND DISTRIBUTING SCHOLARSHIP FUNDS. TOGETHER ANNUAL AND ENDOWED SCHOLARSHIPS FUNDED 1,437 SEMESTER SCHOLARSHIPS AND THEY WERE AWARDED TO 609 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Carroll Chair | OfficerTrustee | 1 | $0 |
David Drewiske Past Chair | OfficerTrustee | 1 | $0 |
Mark Gherty Past Chair (termed 12/2023) | OfficerTrustee | 1 | $0 |
Max Neuhaus Vice Chair | OfficerTrustee | 1 | $0 |
Mark Forsythe Treasurer | OfficerTrustee | 1 | $0 |
Christine Felling Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Wisconsin River Falls Personnel Services | 6/29/24 | $464,753 |
Neo Electrical Solutions Llc Labor And Materials Dairy Plant Renovati | 6/29/24 | $287,982 |
M4 Control Systems Dairy Plant Programming & Consulting | 6/29/24 | $283,974 |
Electrol Specialties Company Labor And Materials Dairy Plant Renovati | 6/29/24 | $139,104 |
Dr Tech Inc Labor And Materials Dairy Plant Renovati | 6/29/24 | $129,976 |
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 | $4,310,794 |
| Noncash contributions included in lines 1a–1f | $7,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,310,794 |
| Total Program Service Revenue | $32,825 |
| Investment income | $838,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$45,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,145,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,226,690 |
| Grants and other assistance to domestic individuals. | $1,134,566 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,071 |
| Compensation of current officers, directors, key employees. | $156,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,670 |
| Pension plan accruals and contributions | $10,554 |
| Other employee benefits | $60,767 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $964 |
| Fees for services: Accounting | $24,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $140,089 |
| Fees for services: Other | $20,437 |
| Advertising and promotion | $0 |
| Office expenses | $8,636 |
| Information technology | $29,077 |
| Royalties | $0 |
| Occupancy | $5,672 |
| 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 | $7,558 |
| All other expenses | $7,251 |
| Total functional expenses | $4,995,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,779,653 |
| Pledges and grants receivable | $1,238,033 |
| 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 | $24,096 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $30,074,740 |
| Investments—other securities | $3,139,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,256,122 |
| Accounts payable and accrued expenses | $154,652 |
| Grants payable | $390,000 |
| 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 | $276,398 |
| Total liabilities | $821,050 |
| Net assets without donor restrictions | $5,641,633 |
| Net assets with donor restrictions | $29,793,439 |
| 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 | $36,256,122 |
Grants Awarded
Over the last fiscal year, University Of Wisconsin River Falls Foundation has awarded $3,226,690 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: CHANCELLOR FUNDS | $61,000 |
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: UNIVERSITY ACTIVITIES AND EVENTS | $3,165,690 |