Western Oregon University Development Foundation is located in Monmouth, OR. The organization was established in 1965. 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 Oregon University Development 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 06/2023, Western Oregon University Development Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERN OREGON UNIVERSITY FOUNDATION EXISTS TO STRENGTHEN RELATIONSHIPS AND PROVIDE RESOURCES IN ORDER TO SERVE AND SUPPORT THE MISSION AND VISION OF WESTERN OREGON UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
538 WOU STUDENTS RECEIVED A TOTAL OF $1,002,895 SCHOLARSHIPS, STUDENT AID AND STUDENT LOANS FOR THE CONTINUATION OF THEIR EDUCATION AND ADVANCEMENT TOWARD THE COMPLETION OF THEIR DEGREES. THE WOU FOUNDATION BOARD, ADVANCEMENT AND UNIVERSITY STAFF ACTIVELY ENGAGE IN OUTREACH TO GROW OUR CAPACITY TO AWARDING MORE AND LARGER AMOUNTS OF SCHOLARSHIPS TO WESTERN OREGON UNIVERSITY STUDENTS. IN ADDITION TO THE MANY ON-GOING CURRENT USE AND ENDOWED SCHOLARSHIPS, WE WORK WITH NEW AND EXISTING DONORS TO CREATE NEW NAMED SCHOLARSHIPS, ENDOWMENTS OR TO SUPPORT THE GENERAL SCHOLARSHIP FUND. SCHOLARSHIPS PROVIDE THE OPPORTUNITY FOR STUDENTS TO LIVE MORE FULLY, WHILE FOCUSING ON THEIR EDUCATION BY MAKING COLLEGE MORE AFFORDABLE.
THE FOUNDATION'S MISSION IS TO SERVE, SUPPORT AND STRENGTHEN WESTERN OREGON UNIVERSITY. THE GOALS AND OBJECTIVES OF THE FOUNDATION ARE TO INCREASINGLY RECRUIT AND RETAIN VOLUNTEER AND ALUMNI ENGAGEMENT TO PARTICIPATE IN MENTORING, FUNDRAISING AND OTHER ACTIVITIES THAT ENRICH THE STUDENT EXPERIENCE.AFTER COMPLETING RESEARCH WITH DONORS, VOLUNTEERS, AND ALUMNI, BASED IN APPRECIATIVE INQUIRY, THE FOUNDATION HAS ESTABLISHED A VISION FOR THE FUTURE: TO ENSURE EVERY STUDENT HAS THE OPPORTUNITY TO HAVE ACCESS TO A QUALITY EDUCATIONAL EXPERIENCE THAT INCREASES THEIR ABILITY TO SUCCEED IN OUR EVER-CHANGING GLOBAL ECONOMY AND SOCIETY. TO THIS END, WE ARE FOCUSING ON RAISING FUNDS IN THREE KEY AREAS: SCHOLARSHIPS, WOLVES ATHLETICS AND STUDENT SUCCESS.
THE FOUNDATION SPONSORS UNIVERSITY PROGRAMS AND ACTIVITIES THAT ASSIST STUDENTS IN THE PURSUIT OF CULTURAL, SCIENTIFIC, EDUCATIONAL, AND ATHLETIC PROGRAMS. THROUGHOUT THE YEAR, THE FOUNDATION WORKS WITH DONORS TO SUPPORT A VARIETY OF NEEDS ACROSS THE UNIVERSITY. GIFTS COME FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS. A HIGH PERCENTAGE OF SUPPORT COMES THROUGH EVENTS INCLUDING GIVING DAY, WOLVES ATHLETIC AUCTION, WOLVES ON THE GREEN GOLF TOURNAMENT, AND THE SMITH FINE ARTS SERIES AUCTION. DURING THESE EVENTS ALUMNI, EMPLOYEES, FAMILY, AND COMMUNITY MEMBERS DESIGNATE THEIR AREAS OF SUPPORT WHICH INCLUDE THE FUND FOR WOU, EMERGENCY STUDENT AID, WOU FOOD PANTRY, SCHOLARSHIPS, MODEL UNITED NATIONS, SMITH FINE ARTS SERIES, STONEWALL CENTER, VETERANS RESOURCE CENTER, WOLVES ATHLETICS AND MORE. FUNDS RAISED THROUGHOUT THE YEAR INCREASINGLY SUPPORT THE WOU FOUNDATION'S SMALL COMPETITIVE GRANT PROGRAM THAT HELPS CREATE INNOVATION ACROSS DEPARTMENTS WHILE ENRICHING THE STUDENT EXPERIENCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cori Frauendiener Past Chair | OfficerTrustee | 1 | $0 |
Mike Morgan Chair | OfficerTrustee | 1 | $0 |
Pat Stineff Secretary | OfficerTrustee | 1 | $0 |
Kelly Atkinson Vice Chair | OfficerTrustee | 1 | $0 |
Tony Crawford Trustee | Trustee | 1 | $0 |
Christian Mendez-Garcia Trustee (through October 2022) | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $108,591 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,179,082 |
Noncash contributions included in lines 1a–1f | $173,720 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,287,673 |
Total Program Service Revenue | $175,273 |
Investment income | $587,859 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $911 |
Net Rental Income | $7,847 |
Net Gain/Loss on Asset Sales | $98,871 |
Net Income from Fundraising Events | -$16,592 |
Net Income from Gaming Activities | $13,113 |
Net Income from Sales of Inventory | $102,269 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,257,224 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $390,995 |
Grants and other assistance to domestic individuals. | $1,002,895 |
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 | $23,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $152,449 |
Fees for services: Other | $0 |
Advertising and promotion | $9,228 |
Office expenses | $214,140 |
Information technology | $1,690 |
Royalties | $0 |
Occupancy | $4,515 |
Travel | $171,886 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $139,070 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,842 |
Insurance | $7,103 |
All other expenses | $0 |
Total functional expenses | $2,189,348 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $302,706 |
Savings and temporary cash investments | $222,255 |
Pledges and grants receivable | $166,905 |
Accounts receivable, net | $2,352 |
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 | $551,645 |
Net Land, buildings, and equipment | $127,803 |
Investments—publicly traded securities | $25,556,084 |
Investments—other securities | $56,451 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,467 |
Total assets | $26,992,668 |
Accounts payable and accrued expenses | $31,958 |
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 | $651,613 |
Total liabilities | $683,571 |
Net assets without donor restrictions | $4,653,278 |
Net assets with donor restrictions | $21,655,819 |
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 | $26,992,668 |