Civic Intelligence

The Uwm Foundation Inc

EIN 23-7337744 • 501(c)3 • Milwaukee, WI

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Profile

The mission of the uwm foundation, inc. Is to support the educational, literary, and scientific endeavors of the university of wisconsin-milwaukee by receiving, managing, and distributing gifts to benefit the university's students, faculty, programs, and community. In addition, the uwm foundation provides leadership, oversight, and direction to its affiliated corporations, the uwm real estate foundation, inc. And the uwm research foundation, inc. These corporations create new university facilities to support student life, research, academics and regional economic development, and provide new sources of revenue from research, commercialization, and entrepreneurial activities.

1440 East North AvenueMilwaukee, WI 53202

www.uwm.foundation

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.09x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.99x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

64th percentile

9.7%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-29%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$275,760,206

Up $32,918,150 (+14%) from 2023

Liabilities

Up

$23,501,970

Up $605,272 (+2.6%) from 2023

Net Assets

Up

$252,258,236

Up $32,312,878 (+15%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin64th percentile

Revenue

Up

$48,555,450

Up $21,817,513 (+82%) from 2023

Expenses

Up

$29,109,878

Up $2,989,036 (+11%) from 2023

Net Income

Up

$19,445,572

Up $18,828,477 (+3051%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $85,711,459Liabilities 2010: $5,671,192Net Assets 2010: $80,040,2672010Assets 2011: $98,910,729Liabilities 2011: $5,116,335Net Assets 2011: $93,794,3942011Assets 2012: $106,628,796Liabilities 2012: $4,000,995Net Assets 2012: $102,627,8012012Assets 2013: $113,867,222Liabilities 2013: $5,318,784Net Assets 2013: $108,548,4382013Assets 2014: $124,716,049Liabilities 2014: $6,210,135Net Assets 2014: $118,505,9142014Assets 2015: $127,260,793Liabilities 2015: $6,568,789Net Assets 2015: $120,692,0042015Assets 2016: $137,404,952Liabilities 2016: $6,791,904Net Assets 2016: $130,613,0482016Assets 2017: $162,408,852Liabilities 2017: $16,754,005Net Assets 2017: $145,654,8472017Assets 2018: $186,403,380Liabilities 2018: $17,579,753Net Assets 2018: $168,823,6272018Assets 2019: $195,573,928Liabilities 2019: $17,430,023Net Assets 2019: $178,143,9052019Assets 2020: $210,747,306Liabilities 2020: $19,132,339Net Assets 2020: $191,614,9672020Assets 2021: $248,807,614Liabilities 2021: $22,966,481Net Assets 2021: $225,841,1332021Assets 2022: $226,454,661Liabilities 2022: $19,744,302Net Assets 2022: $206,710,3592022Assets 2023: $242,842,056Liabilities 2023: $22,896,698Net Assets 2023: $219,945,3582023Assets 2024: $275,760,206Liabilities 2024: $23,501,970Net Assets 2024: $252,258,2362024

Highlighted filing

2024

Assets$275,760,206
Liabilities$23,501,970
Net Assets$252,258,236
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0Expenses 2010: $13,159,6452010Expenses 2011: $13,166,1772011Expenses 2012: $13,578,3582012Expenses 2013: $11,947,1322013Revenue 2014: $21,360,266Expenses 2014: $12,750,877Net Income 2014: $8,609,3892014Revenue 2015: $17,606,777Expenses 2015: $15,612,959Net Income 2015: $1,993,8182015Revenue 2016: $28,599,801Expenses 2016: $16,697,527Net Income 2016: $11,902,2742016Revenue 2017: $25,253,161Expenses 2017: $17,955,677Net Income 2017: $7,297,4842017Revenue 2018: $34,035,563Expenses 2018: $17,115,725Net Income 2018: $16,919,8382018Revenue 2019: $26,250,858Expenses 2019: $21,585,573Net Income 2019: $4,665,2852019Revenue 2020: $32,469,764Expenses 2020: $21,011,711Net Income 2020: $11,458,0532020Revenue 2021: $23,105,220Expenses 2021: $20,862,926Net Income 2021: $2,242,2942021Revenue 2022: $39,411,419Expenses 2022: $23,629,593Net Income 2022: $15,781,8262022Revenue 2023: $26,737,937Expenses 2023: $26,120,842Net Income 2023: $617,0952023Revenue 2024: $48,555,450Expenses 2024: $29,109,878Net Income 2024: $19,445,5722024

Highlighted filing

2024

Revenue$48,555,450
Expenses$29,109,878
Net Income$19,445,572
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$275,760,206
Liabilities
$23,501,970
Net assets
$252,258,236
Revenue
$48,555,450
Expenses
$29,109,878
Net income
$19,445,572
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$276$23.5$252$48.6$29.1$19.4
2023Detailed filing. Detailed filing data is available for this year.$243$22.9$220$26.7$26.1$0.62
2022Detailed filing. Detailed filing data is available for this year.$226$19.7$207$39.4$23.6$15.8
2021Detailed filing. Detailed filing data is available for this year.$249$23.0$226$23.1$20.9$2.24
2020Detailed filing. Detailed filing data is available for this year.$211$19.1$192$32.5$21.0$11.5
2019Detailed filing. Detailed filing data is available for this year.$196$17.4$178$26.3$21.6$4.67
2018Detailed filing. Detailed filing data is available for this year.$186$17.6$169$34.0$17.1$16.9
2017Detailed filing. Detailed filing data is available for this year.$162$16.8$146$25.3$18.0$7.30
2016Detailed filing. Detailed filing data is available for this year.$137$6.79$131$28.6$16.7$11.9
2015Detailed filing. Detailed filing data is available for this year.$127$6.57$121$17.6$15.6$1.99
2014Detailed filing. Detailed filing data is available for this year.$125$6.21$119$21.4$12.8$8.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$114$5.32$109$11.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$107$4.00$103$13.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.9$5.12$93.8$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.7$5.67$80.0$13.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$93,747,915
Mission and Program Overview

Mission

The mission of the uwm foundation, inc. Is to support the educational, literary, and scientific endeavors of the university of wisconsin-milwaukee by receiving, managing, and distributing gifts to the benefit the university's students, faculty, programs, and community. In addition, the uwm foundation provides leadership, oversight, and direction to its affiliated corporations, the uwm real estate foundation, inc. And the uwm research foundation, inc. These corporations create new university facilities to support student life, research, academics and regional economic development, and provide new sources of revenue from research, commercialization, and entrepreneurial activities.

The mission of the uwm foundation, inc. Is to support the educational, literary, and scientific endeavors of the university of wisconsin-milwaukee by receiving, managing, and distributing gifts to benefit the university's students, faculty, programs, and community. In addition, the uwm foundation provides leadership, oversight, and direction to its affiliated corporations, the uwm real estate foundation, inc. And the uwm research foundation, inc. These corporations create new university facilities to support student life, research, academics and regional economic development, and provide new sources of revenue from research, commercialization, and entrepreneurial activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$173,395,983$194,102,160▲ $20,706,177
Investments Other Securities$52,119,429$51,506,954▼ $612,475
Pledges and Grants Receivable$11,500,406$24,077,610▲ $12,577,204
Cash and Non-Interest-Bearing Accounts$1,430,667$1,298,670▼ $131,997
Land, Buildings, and Equipment, Net$671,424$858,755▲ $187,331
Savings and Temporary Cash Investments$79,561$144,804▲ $65,243
Accounts Receivable$388,184$138,601▼ $249,583
Prepaid Expenses and Deferred Charges$117,572$126,634▲ $9,062
Total Assets$242,842,056$275,760,206▲ $32,918,150
Other Assets Total$3,138,830$3,506,018▲ $367,188
Liabilities
Other Liabilities$19,432,908$21,337,748▲ $1,904,840
Deferred Revenue$2,665,000$1,500,000▼ $1,165,000
Accounts Payable and Accrued Expenses$798,790$664,222▼ $134,568
Total Liabilities$22,896,698$23,501,970▲ $605,272
Net Assets / Fund Balance
Net Assets With Donor Restrictions$218,182,260$248,946,519▲ $30,764,259
Net Assets Without Donor Restrictions$1,763,098$3,311,717▲ $1,548,619
Total Net Assets Fund Balance$219,945,358$252,258,236▲ $32,312,878
Total Liabilities and Net Assets / Fund Balance$242,842,056$275,760,206▲ $32,918,150

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$858,755$817,715$1,676,470
Other Securities$64,467--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$138,365,322$8,468,143▲ $14,109,557$6,081,751$154,861,271
2022$126,724,110$6,190,179▲ $11,032,688$5,581,655$138,365,322
2021$143,178,012$7,312,708▼ $19,395,800$4,370,810$126,724,110
2020$110,686,018$5,304,287▲ $31,230,762$4,043,055$143,178,012
2019$104,888,503$4,700,280▲ $1,300,777$3,701,098$107,188,462
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
David GilbertPRESIDENT; EX-OFFICIOPT$274,491$90,420$364,911
Jessica SilvaggiPresident - Uwm Research Fdn-$157,553$67,423$224,976
Curtis StangCOO; EX-OFFICIOFT$163,774$46,918$210,692
Enrique PahmIt Systems ManagerFT$110,580$44,632$155,212
Brian D ThompsonFormer Uwm Reserach President-$127,353$10,021$137,374
Brian WalshSr. Tech Manager (uwm Research Fdn)-$107,378$27,465$134,843
James BlinkaDirector/professor--$81,355$81,355

Board Members and Trustees

NameTitle
Matthew RinkaChair (began 12/2023)
John KissingerVice Chair (began 12/2023)
David BarnettDirector
David MiskyDirector
Dennis J WebbDirector
Donna DrosnerDirector
Ellen CenskyDirector
Jacqueline Herd-barberDirector
Keri McconnellDirector
Kimberly KaneDirector
Lori CraigDirector
Margaret KelseyDirector
Matt KulasaDirector
Michael AldanaDirector
Mike OrgemanDirector
Peggy Williams-smithDirector
Rebekah KowalskiDirector
Robert BukowskiDirector
Roger KamauDirector
Ronald LuskinDirector
Ronald MillerDirector
Stephanie ChedidDirector
Tom MyersDirector
Jason AllenDirector (began 12/2023)
Jeffrey HembrokDirector (began 12/2023)
Karen HungDirector (began 12/2023)
Michael FenlonDirector (began 12/2023)
Ugo NwagbaraochaDirector (began 12/2023)
Brian Bear MdDirector (thru 11/2023)
Andrew DeguireDirector (thru 12/2023)
Joah TuckerEx-officio
Michelle PutzEx-officio
Christina FiascaSecretary
Lisa J Van LandeghemTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Affinaquest LLCCrm Implementation12030 SUNRISE VALLEY DRIVE SUITE 1, Reston, VA 20191$417,039
Revenue and Support

Revenue Composition

Contributions and Grants
$39,915,988
Program Service Revenue
$0
Investment Income
$8,596,821
Other Revenue
$42,641
All Other Contributions
$39,796,934
Change in Net Assets
$19,445,572

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 Traded23$179,553Selling Price
Total Noncash Contributions23$179,553-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$25,245,002
Other Expenses$2,329,223
Salaries, Compensation, and Employee Benefits$1,535,653
Total Fundraising Expense$786,348
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$25,245,002--$25,245,002
Current Officers, Directors, Trustees, and Key Employees$146,558$439,678-$586,236
Other Salaries and Wages$107,432$322,294-$429,726
Occupancy$95,548$286,643-$382,191
Fees for Services Other$13,637$330,705-$344,342
Other Employee Benefits$74,840$224,519-$299,359
Fees for Service Investment Mgmnt Fees-$230,602-$230,602
All Other Expenses-$191,817-$191,817
Payroll Taxes$30,780$92,339-$123,119
Pension Plan Contributions$24,303$72,910-$97,213
Other Expenses-$88,974$249,152$88,974
Conferences and Meetings$14,690$39,928-$54,618
Fees for Services Accounting-$32,715-$32,715
Insurance$7,080$21,240-$28,320
Depreciation Depletion$5,244$15,730-$20,974
Fees for Services Legal-$18,068-$18,068
Office Expenses$3,638$10,915-$14,553
Information Technology-$11,030-$11,030
Total Functional Expenses$25,768,752$2,554,778$786,348$29,109,878
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Wisconsin - MilwaukeeMilwaukee, WIState of WiTeaching and Departmental Programs, Community Service, Research and Special Projects$25,245,002
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,848
Fundraising Direct Expenses$28,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
MEN'S BASKETBALL GOLF OUTING$49,860$17,827$3,108$14,719
Baseball Golf Outing$22,900$13,155$1,280$11,875
Total Events$128,033$54,848$28,900$25,948
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$15,737,469
Due to the University of Wisconsin - Milwaukee$5,480,245
Amounts Payable Under Fiscal Agent Responsibilities$120,034
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“There are various milwaukee business leaders that are part of the governing body and due to the size of the city, business relationships occur. The conflict of interest annual form addresses these relationships and any potential conflicts of interest.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the finance committee then made available to the full board at least two weeks in advance of filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy covers conflicts with the uwm foundation, uwm real estate foundation, uwm research foundation, university of wisconsin - milwaukee and the uwm alumni association. Conflicts are disclosed following the annual board meeting in december and then reviewed by the executive committee in the spring. Directors are then asked to recuse themselves from a vote if their particular conflict might have an impact on the decision being made by the board.”

Form 990, Part VI, Section B, Line 15

“The executive committee is responsible for overseeing the compensation of top management officials using comparable contemporaneous data.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The Uwm Foundation Inc
EIN
23-7337744
Phone
4149064645
Address
1440 EAST NORTH AVENUE, MILWAUKEE, WI 53202

Signing Officer

Name
Curtis Stang
Title
Chief Operating Officer
Phone
4149064645
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Gilbert
Formed
1974
Legal Domicile
Wi
Voting Board Members
34
Independent Board Members
33
Employees
25
Volunteers
34

Preparer

Firm
Wipfli Llp
Address
170 N RADNOR-CHESTER RD SUITE 200, RADNOR, PA 19087
Preparer
Solomon Mardakhaev
Phone
6105653930
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowment funds enable colleges and departments to hire faculty, implement programs, advance research and support students.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW RINKA
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IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTINA FIASCA
IRS990/Form990PartVIISectionAGrp/PersonNm4LISA J VAN LANDEGHEM
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHELLE PUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm6JOAH TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL ALDANA
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IRS990/Form990PartVIISectionAGrp/PersonNm35DAVID GILBERT
IRS990/Form990PartVIISectionAGrp/PersonNm36CURTIS STANG
IRS990/Form990PartVIISectionAGrp/PersonNm37BRIAN D THOMPSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/PROFESSOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (THRU 11/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (THRU 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR (BEGAN 12/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35PRESIDENT; EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt36COO; EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt37FORMER UWM RESERACH PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt38PRESIDENT - UWM RESEARCH FDN
IRS990/Form990PartVIISectionAGrp/TitleTxt39IT SYSTEMS MANAGER

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