University Of Wisconsin River Falls Foundation
- Assets
- $31.3m
- Revenue
- $3.1m
- Investments
- $2.8m
- Employees
- 5
- Location
- River Falls, WI
- Founding
- 01/1957
- Data as of
- 06/2022
- 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 06/2022, University Of Wisconsin River Falls Foundation employed 5 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 06/2022, University Of Wisconsin River Falls Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 1.6% 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, University Of Wisconsin River Falls Foundation has awarded 35 individual grants totaling $14,736,979. 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
2022
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 ACTIVITIES- DISBURSEMENTS 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.
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 RECIPIENTS OF FUNDS. 680 SCHOLARSHIPS WERE AWARDED THIS YEAR.
UNIVERSITY OF WISCONSIN-RIVER FALLS EQUINE PROGRAM - STUDENTS LEARN TO RIDE AND CARE FOR THE HORSES. THE UNIVERSITY OF WISCONSIN - RIVER FALLS FOUNDATION ACCEPTED AND PROVIDED 2 HORSE DURING THE YEAR TO THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Burns Thru December President | Officer | 40 | $73,245 |
Amy Zimmerr President | Officer | 40 | $4,423 |
Mark Gherty Past Chair | OfficerTrustee | 1 | $0 |
David Drewiske Chair | OfficerTrustee | 1 | $0 |
Paul Dykstra Secretary | OfficerTrustee | 1 | $0 |
Greg Wheelock Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,973,015 |
| Noncash contributions included in lines 1a–1f | $260,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,223,015 |
| Total Program Service Revenue | $44,811 |
| Investment income | $793,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$963,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,100,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,109,342 |
| Grants and other assistance to domestic individuals. | $981,864 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,065 |
| Compensation of current officers, directors, key employees. | $115,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,935 |
| Pension plan accruals and contributions | $13,624 |
| Other employee benefits | $54,696 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,952 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $160,737 |
| Fees for services: Other | $2,178 |
| Advertising and promotion | $0 |
| Office expenses | $7,433 |
| Information technology | $34,257 |
| Royalties | $0 |
| Occupancy | $6,337 |
| 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 | $8,694 |
| All other expenses | $0 |
| Total functional expenses | $3,645,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,878 |
| Savings and temporary cash investments | $1,562,823 |
| Pledges and grants receivable | $431,462 |
| 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 | $12,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,430,088 |
| Investments—other securities | $2,807,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,290,092 |
| Accounts payable and accrued expenses | $68,978 |
| Grants payable | $0 |
| 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 | $205,835 |
| Total liabilities | $274,813 |
| Net assets without donor restrictions | $3,438,867 |
| Net assets with donor restrictions | $27,576,412 |
| 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 | $31,290,092 |
Grants Awarded
Over the last fiscal year, University Of Wisconsin River Falls Foundation has awarded $2,109,342 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: UNIVERSITY ACTIVITIES AND EVENTS | $1,808,455 |
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: THE HORSES ARE USED IN THE EQUINE PROGRAM. STUDENTS LEARN HOW TO RIDE AND CARE FOR THE HORSES. | $255,000 |
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: CHANCELLOR FUNDS | $40,564 |
UNIVERSITY OF WISCONSIN - RIVER FALLS PURPOSE: PHYSICS/CHEMISTRY PROGRAMS | $5,323 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that University Of Wisconsin River Falls Foundation has recieved totaling $173,374.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,225 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $30,000 |
Chs Foundation Inver Grove Heights, MN PURPOSE: 2021/22 UNIVERSITY PARTNER PROGRAM | $22,000 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $17,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $12,750 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,766 |
Endowment Analysis
| Beg. Balance | $28,098,514 |
| Earnings | -$4,087,521 |
| Admin Expense | $54,275 |
| Net Contributions | $695,191 |
| Grants | $1,412,028 |
| Ending Balance | $23,239,881 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |
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 |