Civic Intelligence

Winona State University Foundation

990 • Fiscal year 2016 • EIN 23-7079002

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

Organization Profilewww.winona.edu/Foundation
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

37th percentile

0.15x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

1.37x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

91st percentile

44%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

60th percentile

4.7%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$46,947,526

Up $2,124,263 (+4.7%) from 2015

Net Assets

Up

$39,730,197

Up $1,458,614 (+3.8%) from 2015

Liabilities

Up

$7,217,329

Up $665,649 (+10%) from 2015

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin91st percentile

Revenue

Down

$5,258,001

Down $6,484,503 (-55%) from 2015

Expenses

Up

$2,952,193

Up $145,152 (+5.2%) from 2015

Net Income

Down

$2,305,808

Down $6,629,655 (-74%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

2016

Assets$46,947,526
Liabilities$7,217,329
Net Assets$39,730,197
Open 2016 Filing

Operations Trend

Revenue Growth4th percentile

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

2016

Revenue$5,258,001
Expenses$2,952,193
Net Income$2,305,808
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$16,421,086
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$32,068,234$32,720,021▲ $651,787
Land, Buildings, and Equipment, Net$9,616,982$10,429,364▲ $812,382
Savings and Temporary Cash Investments$561,035$1,395,831▲ $834,796
Investments Other Securities$1,006,223$1,157,723▲ $151,500
Pledges and Grants Receivable$1,080,684$685,373▼ $395,311
Accounts Receivable$227,261$77,892▼ $149,369
Prepaid Expenses and Deferred Charges$8,124$8,054▼ $70
Total Assets$44,823,263$46,947,526▲ $2,124,263
Other Assets Total$254,720$473,268▲ $218,548
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,124,650$6,757,546▲ $632,896
Other Liabilities$350,923$324,104▼ $26,819
Grants Payable$44,261$75,162▲ $30,901
Accounts Payable and Accrued Expenses$31,846$60,517▲ $28,671
Total Liabilities$6,551,680$7,217,329▲ $665,649
Net Assets / Fund Balance
Permanently Rstr Net Assets$21,845,988$23,481,008▲ $1,635,020
Temporarily Rstr Net Assets$14,323,674$13,875,934▼ $447,740
Unrestricted Net Assets$2,101,921$2,373,255▲ $271,334
Total Net Assets Fund Balance$38,271,583$39,730,197▲ $1,458,614
Total Liabilities and Net Assets / Fund Balance$44,823,263$46,947,526▲ $2,124,263

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,235,923$3,509,438$10,745,361
Equipment$865,316$367,895$1,233,211
Land$2,328,125-$551,846

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$31,625,090$2,091,474▼ $28,655$60,408$32,817,504
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
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
Greg EvansChair
Thom KiefferImmediate Past Chair
Scott OlsonWsu President/trustee
Mark NicholsVice Chair
Bob BrewerTrustee
Chops HancockTrustee
Dan MortensenTrustee
Dana JohnsonTrustee
Donna HelbleTrustee
George BolonTrustee
Howard BickerTrustee
John McsheaTrustee
Ken MogrenTrustee
Leann JohnsonTrustee
Mike ArnoldTrustee
Mike EricsonTrustee
Robert BiesterfeldTrustee
Scott EllinghuysenTrustee
Scott JohnsonTrustee
Steve HeusleinTrustee
Ted FredricksonTrustee
Tim MisslingTrustee
Ron DempseyEx Officio
Jim MeyerSecretary
Bob StraussTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,461,504
Program Service Revenue
$957,312
Investment Income
$767,071
Other Revenue
$72,114
All Other Contributions
$3,461,504
Change in Net Assets
$2,305,808

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 Traded16$295,334Quoted Market Price
Collectibles2$212,750Appraisals
Other Non Cash Contri Table13$16,518Realize Proceeds
Total Noncash Contributions31$524,602-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,117,365
Revenue Not Reported on Financial Statements
$140,636
Revenue Not Reported on Form 990
$-798,384
Total Revenue per Audited Statements
$4,318,981
Total Revenue per Form 990
$5,258,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,036,822
Other Expenses$915,371
Total Fundraising Expense$80,841
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,400,639--$1,400,639
Grants to Domestic Orgs$636,183--$636,183
Depreciation Depletion$338,997$0$0$338,997
Interest$156,426$0$0$156,426
Office Expenses$0$71,551$80,841$152,392
Fees for Service Investment Mgmnt Fees$0$140,636$0$140,636
Other Expenses$40,803$0$0$40,803
Fees for Services Lobbying$0$31,306$0$31,306
Fees for Services Other$8,533$15,402$0$23,935
Insurance$9,735$5,704$0$15,439
Fees for Services Accounting$0$12,500$0$12,500
Fees for Services Legal$0$2,937$0$2,937
Total Functional Expenses$2,591,316$280,036$80,841$2,952,193

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,952,193
Total Expenses per Audited Statements$2,860,367
Expenses per Audited Statements$2,811,557
Expenses Not Reported on Financial Statements$140,636
Expenses Not Reported on Form 990$48,810
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Winona State UniverityWinona, MN-Program Support$406,915
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$120,924
Fundraising Direct Expenses$48,810
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Athletic Events$120,924$120,924$42,310$78,614
Total Events$120,924$120,924$48,810$72,114
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$46,435
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Liabilities$324,104
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
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron D Dempsey
Formed
1979
Legal Domicile
Mn
Voting Board Members
36
Independent Board Members
35
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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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6WSU PRESIDENT/TRUSTEE
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,947,526
Liabilities
$7,217,329
Net assets
$39,730,197
Revenue
$5,258,001
Expenses
$2,952,193
Net income
$2,305,808
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
2016Detailed filing. Detailed filing data is available for this year.$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