Civic Intelligence

Winona State University Foundation

990 • Fiscal year 2015 • EIN 23-7079002

Jul 01, 2014 to Jun 30, 2015 • Filed on Aug 15, 2015

PO Box 5838Winona, MN 55987

(507) 457-5518

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.15x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.56x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

97th percentile

76%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

67th percentile

6.0%

Faster asset growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

119%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$44,823,263

Up $2,545,050 (+6.0%) from 2014

Net Assets

Up

$38,271,583

Up $3,204,156 (+9.1%) from 2014

Liabilities

Down

$6,551,680

Down $659,106 (-9.1%) from 2014

Revenue

Up

$11,742,504

Up $6,369,456 (+119%) from 2014

Expenses

Up

$2,807,041

Up $361,155 (+15%) from 2014

Net Income

Up

$8,935,463

Up $6,008,301 (+205%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $27,448,340Liabilities 2010: $8,847,930Net Assets 2010: $18,600,4102010Assets 2011: $31,526,156Liabilities 2011: $7,941,378Net Assets 2011: $23,584,7782011Assets 2012: $31,871,685Liabilities 2012: $7,826,785Net Assets 2012: $24,044,9002012Assets 2013: $36,415,958Liabilities 2013: $7,483,426Net Assets 2013: $28,932,5322013Assets 2014: $42,278,213Liabilities 2014: $7,210,786Net Assets 2014: $35,067,4272014Assets 2015: $44,823,263Liabilities 2015: $6,551,680Net Assets 2015: $38,271,5832015Assets 2016: $46,947,526Liabilities 2016: $7,217,329Net Assets 2016: $39,730,1972016Assets 2017: $50,681,071Liabilities 2017: $7,013,714Net Assets 2017: $43,667,3572017Assets 2018: $55,943,415Liabilities 2018: $6,399,071Net Assets 2018: $49,544,3442018Assets 2019: $56,915,357Liabilities 2019: $6,349,971Net Assets 2019: $50,565,3862019Assets 2020: $64,479,328Liabilities 2020: $6,263,586Net Assets 2020: $58,215,7422020Assets 2021: $77,604,958Liabilities 2021: $5,914,460Net Assets 2021: $71,690,4982021Assets 2022: $70,974,103Liabilities 2022: $7,396,933Net Assets 2022: $63,577,1702022Assets 2023: $79,737,621Liabilities 2023: $11,249,318Net Assets 2023: $68,488,3032023Assets 2024: $86,205,215Liabilities 2024: $10,280,043Net Assets 2024: $75,925,1722024Assets 2025: $93,536,107Liabilities 2025: $9,862,240Net Assets 2025: $83,673,8672025

Highlighted filing

2015

Assets$44,823,263
Liabilities$6,551,680
Net Assets$38,271,583

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Expenses 2010: $3,016,7012010Expenses 2011: $2,276,8592011Expenses 2012: $3,041,2472012Expenses 2013: $2,366,6522013Revenue 2014: $5,373,048Expenses 2014: $2,445,886Net Income 2014: $2,927,1622014Revenue 2015: $11,742,504Expenses 2015: $2,807,041Net Income 2015: $8,935,4632015Revenue 2016: $5,258,001Expenses 2016: $2,952,193Net Income 2016: $2,305,8082016Revenue 2017: $4,905,978Expenses 2017: $3,326,508Net Income 2017: $1,579,4702017Revenue 2018: $8,503,806Expenses 2018: $3,301,896Net Income 2018: $5,201,9102018Revenue 2019: $7,092,770Expenses 2019: $6,807,107Net Income 2019: $285,6632019Revenue 2020: $11,809,228Expenses 2020: $3,504,239Net Income 2020: $8,304,9892020Revenue 2021: $7,838,312Expenses 2021: $3,305,195Net Income 2021: $4,533,1172021Revenue 2022: $6,888,615Expenses 2022: $3,452,827Net Income 2022: $3,435,7882022Revenue 2023: $6,516,255Expenses 2023: $4,231,356Net Income 2023: $2,284,8992023Revenue 2024: $4,942,433Expenses 2024: $4,011,853Net Income 2024: $930,5802024Revenue 2025: $8,013,303Expenses 2025: $4,592,722Net Income 2025: $3,420,5812025

Highlighted filing

2015

Revenue$11,742,504
Expenses$2,807,041
Net Income$8,935,463
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Aug 15, 2015
Return Version
2014v5.0
Gross Receipts
$27,991,142
Mission and Program Overview

Mission

Encourage bequests and donations for the benefit of students and the educational programs of winona state university

Encourage bequests and donations for the benefit of the education programs of winona state university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,923,370$32,068,234▲ $3,144,864
Land, Buildings, and Equipment, Net$10,035,801$9,616,982▼ $418,819
Pledges and Grants Receivable$1,309,072$1,080,684▼ $228,388
Investments Other Securities$482,248$1,006,223▲ $523,975
Savings and Temporary Cash Investments$1,041,868$561,035▼ $480,833
Accounts Receivable$224,237$227,261▲ $3,024
Prepaid Expenses and Deferred Charges$8,124$8,124→ $0
Total Assets$42,278,213$44,823,263▲ $2,545,050
Other Assets Total$253,493$254,720▲ $1,227
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,732,811$6,124,650▼ $608,161
Other Liabilities$382,251$350,923▼ $31,328
Grants Payable$53,992$44,261▼ $9,731
Accounts Payable and Accrued Expenses$41,732$31,846▼ $9,886
Total Liabilities$7,210,786$6,551,680▼ $659,106
Net Assets / Fund Balance
Permanently Rstr Net Assets$19,515,907$21,845,988▲ $2,330,081
Temporarily Rstr Net Assets$14,134,934$14,323,674▲ $188,740
Unrestricted Net Assets$1,416,586$2,101,921▲ $685,335
Total Net Assets Fund Balance$35,067,427$38,271,583▲ $3,204,156
Total Liabilities and Net Assets / Fund Balance$42,278,213$44,823,263▲ $2,545,050

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,527,288$3,218,073$10,745,361
Equipment$912,948$320,263$1,233,211
Land$1,176,746-$551,846

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$29,359,129$2,492,663▲ $732,759$152,251$31,625,090
2013$24,335,051$2,024,292▲ $3,669,542-$29,359,129
2012$20,092,046$2,524,273▲ $2,262,992-$24,335,051
2011$18,359,825$1,909,343▲ $190,005-$20,092,046
2010$15,466,161$688,342▲ $2,494,530$-16,492$18,359,825
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thom KiefferChair
Dan MortensenImmediate Past Chair
Scott OlsonWsu President/trustee
Greg EvansVice Chair
Bob BiesterfeldTrustee
Bob BrewerTrustee
Chops HancockTrustee
Debra EagleTrustee
Donna HelbleTrustee
George BolonTrustee
Howard BickerTrustee
John McsheaTrustee
Karen FawcettTrustee
Ken MogrenTrustee
Mike ArnoldTrustee
Mike EricsonTrustee
Robert BefidiTrustee
Robert NeisTrustee
Scott EllinghuysenTrustee
Scott JohnsonTrustee
Steve HeusleinTrustee
Ted FredricksonTrustee
Tim MisslingTrustee
Jim MeyerSecretary
Bob StraussTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,072,304
Program Service Revenue
$867,664
Investment Income
$6,704,214
Other Revenue
$98,322
All Other Contributions
$4,072,304
Change in Net Assets
$8,935,463

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$786,306Quoted Market Prices
Other Non Cash Contri Table15$15,611Realized Proceeds
Total Noncash Contributions27$801,917-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,630,012
Revenue Not Reported on Financial Statements
$112,492
Revenue Not Reported on Form 990
$-5,688,126
Total Revenue per Audited Statements
$5,941,886
Total Revenue per Form 990
$11,742,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,124,615
Other Expenses$682,426
Total Fundraising Expense$49,438
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,224,078--$1,224,078
Grants to Domestic Orgs$900,537--$900,537
Depreciation Depletion$281,756$0$0$281,756
Interest$153,546$0$0$153,546
Fees for Service Investment Mgmnt Fees$0$112,492$0$112,492
Office Expenses$0$22,492$9,275$31,767
Conferences and Meetings$0$20,769$7,525$28,294
Fees for Services Other$0$0$15,000$15,000
Occupancy$0$0$15,000$15,000
Insurance$10,328$3,970$0$14,298
Fees for Services Accounting$0$14,000$0$14,000
Other Expenses$600$6,274$2,638$9,512
Fees for Services Legal$0$6,761$0$6,761
Total Functional Expenses$2,570,845$186,758$49,438$2,807,041

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,807,041
Total Expenses per Audited Statements$2,741,826
Expenses per Audited Statements$2,694,549
Expenses Not Reported on Financial Statements$112,492
Expenses Not Reported on Form 990$47,277
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Winona State UniverityWinona, MN-Program Support$890,928
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$135,965
Fundraising Direct Expenses$37,643
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Athletic Events$117,434$117,434$19,584$97,850
Science/engineering Golf Event$15,710$15,710-$15,710
Total Events$133,144$133,144$37,413$95,731
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberInvestment Management FeesNo$40,908
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Liabilities$350,923
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Winona State University Foundation
EIN
23-7079002
Phone
5074575518
Address
PO BOX 5838, WINONA, MN 55987

Signing Officer

Name
Bob Strauss
Title
Treasurer
Phone
5074575518
Signed
2015-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernie Troy Hughes
Formed
1979
Legal Domicile
Mn
Voting Board Members
35
Independent Board Members
34
Employees
0
Volunteers
75

Preparer

Firm
Thomas M Cummings CPA
Address
3135A SUPERIOR DR NW, ROCHESTER, MN 55901
Preparer
Thomas Cummings CPA
Phone
5072812655
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The foundation form 990 is reviewed and approved by the audit and finance committees prior to filing.

Pt VI, Line 19

All of the organizations governing documents, th eform 990 and the financial statements are made available to the public upon request. A copy of the financial statements are provided to the state of minnesota.

Pt VI, Line 12C

Board members are asked to read the conflict of interest policy and disclose any situations that could be considered a possible conflict. If a conflict is disclosed that board member is asked to abstain from discussions and votes concerning the conflict.

Pt XII, Line 2C

The annual audit is reviewed by the audit committee and the finance committee. The finance committee forwards their recomendation to the board for their consideration and approval.

Financial Statement Notes

Pt XI, Line 2D

Direct cost of fundraising events. Related entity revenues included in consolidated statements

Pt XII, Line 2D

Direct cost of fundraising events. Related entity revenues included in consolidated statements

Pt III, Line 4

The foundation holds a donated collection of southwest native anerican art. The art is used by students of winona state unversity as part their art education cources and the collection is on display and accessible by the public.

Pt V, Line 4

The earnings from the foundations endowment funds provide the resources to fund annual scholarships to winona state unversity students and to fund several grants supporting wsu programs.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$93.5$9.86$83.7$8.01$4.59$3.42
2024Detailed filing. Detailed filing data is available for this year.$86.2$10.3$75.9$4.94$4.01$0.93
2023Detailed filing. Detailed filing data is available for this year.$79.7$11.2$68.5$6.52$4.23$2.28
2022Detailed filing. Detailed filing data is available for this year.$71.0$7.40$63.6$6.89$3.45$3.44
2021Detailed filing. Detailed filing data is available for this year.$77.6$5.91$71.7$7.84$3.31$4.53
2020Detailed filing. Detailed filing data is available for this year.$64.5$6.26$58.2$11.8$3.50$8.30
2019Detailed filing. Detailed filing data is available for this year.$56.9$6.35$50.6$7.09$6.81$0.29
2018Detailed filing. Detailed filing data is available for this year.$55.9$6.40$49.5$8.50$3.30$5.20
2017Detailed filing. Detailed filing data is available for this year.$50.7$7.01$43.7$4.91$3.33$1.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.9$7.22$39.7$5.26$2.95$2.31
2015Detailed filing. Detailed filing data is available for this year.$44.8$6.55$38.3$11.7$2.81$8.94
2014Detailed filing. Detailed filing data is available for this year.$42.3$7.21$35.1$5.37$2.45$2.93
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$7.48$28.9$2.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.9$7.83$24.0$3.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$7.94$23.6$2.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.4$8.85$18.6$3.02
Peer Organizations

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