Civic Intelligence

Bowling Green State University Foundation Inc

EIN 34-6007199 • 501(c)3 • Bowling Green, OH

Profile

The bowling green state university foundation stewards donors in ways that support the mission and vision of bowling green state university by: stimulating alumni, friends, students, faculty, and staff to be donors, and assist in accumulating private resources for the benefit of the university. Utilizing its resources for the betterment of the university. Providing its donors with opportunities to witness and experience the results of their philanthropy.

136 N Mercer RoadBowling Green, OH 43403-0054

www.bgsu.edu

Siviq Scores

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

Liabilities / Assets

7th percentile

0.01x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

9th percentile

0.06x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

85th percentile

29%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

53rd percentile

$910,102

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

69th percentile

10%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$352,399,822

Up $32,464,892 (+10%) from 2024

Liabilities

Down

$3,017,455

Down $195,013 (-6.1%) from 2024

Net Assets

Up

$349,382,367

Up $32,659,905 (+10%) from 2024

Revenue

Up

$52,670,986

Up $13,108,997 (+33%) from 2024

Expenses

Up

$37,478,620

Up $3,499,739 (+10%) from 2024

Net Income

Up

$15,192,366

Up $9,609,258 (+172%) from 2024

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $91,633,147Liabilities 2010: $1,409,853Net Assets 2010: $90,223,2942010Assets 2011: $109,059,763Liabilities 2011: $1,493,808Net Assets 2011: $107,565,9552011Assets 2012: $111,372,021Liabilities 2012: $1,900,518Net Assets 2012: $109,471,5032012Assets 2013: $121,442,657Liabilities 2013: $1,954,929Net Assets 2013: $119,487,7282013Assets 2014: $148,092,773Liabilities 2014: $3,256,613Net Assets 2014: $144,836,1602014Assets 2015: $152,092,959Liabilities 2015: $3,964,331Net Assets 2015: $148,128,6282015Assets 2016: $157,395,229Liabilities 2016: $3,085,452Net Assets 2016: $154,309,7772016Assets 2017: $178,153,154Liabilities 2017: $3,017,057Net Assets 2017: $175,136,0972017Assets 2018: $193,570,516Liabilities 2018: $2,867,878Net Assets 2018: $190,702,6382018Assets 2019: $204,156,143Liabilities 2019: $2,932,239Net Assets 2019: $201,223,9042019Assets 2020: $208,528,351Liabilities 2020: $3,386,126Net Assets 2020: $205,142,2252020Assets 2021: $293,600,939Liabilities 2021: $4,003,730Net Assets 2021: $289,597,2092021Assets 2022: $269,755,787Liabilities 2022: $3,607,473Net Assets 2022: $266,148,3142022Assets 2023: $295,626,429Liabilities 2023: $3,719,736Net Assets 2023: $291,906,6932023Assets 2024: $319,934,930Liabilities 2024: $3,212,468Net Assets 2024: $316,722,4622024Assets 2025: $352,399,822Liabilities 2025: $3,017,455Net Assets 2025: $349,382,3672025

Highlighted filing

2025

Assets$352,399,822
Liabilities$3,017,455
Net Assets$349,382,367

Operations Trend

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

$60M$40M$20M$0Expenses 2010: $14,027,9472010Expenses 2011: $9,209,4802011Expenses 2012: $10,515,8262012Expenses 2013: $9,554,7492013Revenue 2014: $17,487,981Expenses 2014: $12,106,225Net Income 2014: $5,381,7562014Revenue 2015: $23,764,960Expenses 2015: $13,312,342Net Income 2015: $10,452,6182015Revenue 2016: $24,911,389Expenses 2016: $15,816,186Net Income 2016: $9,095,2032016Revenue 2017: $38,009,789Expenses 2017: $14,343,204Net Income 2017: $23,666,5852017Revenue 2018: $26,980,266Expenses 2018: $12,844,542Net Income 2018: $14,135,7242018Revenue 2019: $37,111,757Expenses 2019: $22,004,467Net Income 2019: $15,107,2902019Revenue 2020: $24,938,524Expenses 2020: $21,068,405Net Income 2020: $3,870,1192020Revenue 2021: $57,669,809Expenses 2021: $18,997,720Net Income 2021: $38,672,0892021Revenue 2022: $28,051,237Expenses 2022: $21,976,649Net Income 2022: $6,074,5882022Revenue 2023: $38,622,548Expenses 2023: $27,855,373Net Income 2023: $10,767,1752023Revenue 2024: $39,561,989Expenses 2024: $33,978,881Net Income 2024: $5,583,1082024Revenue 2025: $52,670,986Expenses 2025: $37,478,620Net Income 2025: $15,192,3662025

Highlighted filing

2025

Revenue$52,670,986
Expenses$37,478,620
Net Income$15,192,366

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$352$3.02$349$52.7$37.5$15.2
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$320$3.21$317$39.6$34.0$5.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$296$3.72$292$38.6$27.9$10.8
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$270$3.61$266$28.1$22.0$6.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$294$4.00$290$57.7$19.0$38.7
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$209$3.39$205$24.9$21.1$3.87
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$204$2.93$201$37.1$22.0$15.1
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$194$2.87$191$27.0$12.8$14.1
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$178$3.02$175$38.0$14.3$23.7
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$157$3.09$154$24.9$15.8$9.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$152$3.96$148$23.8$13.3$10.5
2014Detailed filing. Detailed filing data is available for this year.$148$3.26$145$17.5$12.1$5.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$1.95$119$9.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$1.90$109$10.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$1.49$108$9.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.6$1.41$90.2$14.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 9, 2026
Return Version
2024v5.1
Gross Receipts
$104,628,641
Mission and Program Overview

Mission

The bowling green state university foundation supports the mission, vision, and strategic planning of bowling green state university by: 1) inspiring alumni, friends, students, faculty, and staff to be donors and assisting in the collection of philanthropic resources for the benefit of the university. 2) utilizing all available resources for the betterment of the university, consistent with the goals and intention of its donors. 3) providing donors with opportunities to witness and experience the impact of their philanthropy.

The bowling green state university foundation supports bowling green state university by receiving, investing and stewarding private gifts, and by encouraging prospective donors to give.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$261,562,068$286,367,951▲ $24,805,883
Investments Other Securities$41,458,618$46,273,008▲ $4,814,390
Pledges and Grants Receivable$10,806,102$14,019,245▲ $3,213,143
Cash and Non-Interest-Bearing Accounts$2,501,216$1,986,261▼ $514,955
Accounts Receivable$295,039$513,522▲ $218,483
Other Notes and Loans Receivable, Net$129,242$0▼ $129,242
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$319,934,930$352,399,822▲ $32,464,892
Other Assets Total$3,182,645$3,239,835▲ $57,190
Liabilities
Other Liabilities$2,390,520$2,350,562▼ $39,958
Accounts Payable and Accrued Expenses$821,948$666,893▼ $155,055
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,212,468$3,017,455▼ $195,013
Net Assets / Fund Balance
Net Assets With Donor Restrictions$283,562,719$307,677,662▲ $24,114,943
Net Assets Without Donor Restrictions$33,159,743$41,704,705▲ $8,544,962
Total Net Assets Fund Balance$316,722,462$349,382,367▲ $32,659,905
Total Liabilities and Net Assets / Fund Balance$319,934,930$352,399,822▲ $32,464,892

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$610,885--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$233,288,750$8,716,246▲ $25,428,296$1,629,072$259,223,511
2023$209,504,940$4,862,078▲ $25,619,747$743,232$233,288,750
2022$185,464,897$11,270,171▲ $18,837,605$579,231$209,504,940
2021$199,755,552$7,002,896▼ $14,102,959$2,471,846$185,464,897
2020$155,729,996$10,136,134▲ $40,361,744$1,867,454$199,755,552
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jordan CravensSenior Director of DevelopmentFT$146,440$146,440

Board Members and Trustees

NameTitle
C Ray MullinsDirector, Board Chair
Mary Beth PateDirector, Board Chair-elect
Emanuele ContiDirector, Immediate Past Chair
Pamela J ConlinDirector, Bgsu Foundation President & CEO
Rodney K RogersDirector, Bgsu President
Alex BarclayDirector
Anthony RucciDirector
Arthur TuttleDirector
Bonnie SandmanDirector
C Raymond MarvinDirector
Carol WareDirector
Craig AndersonDirector
Dalynn BadenhopDirector
David LeveyDirector
Gary BenzDirector
Gregory ForteDirector
Holly HornDirector
James AdamsDirector
Jeanne HogarthDirector
Jessica Miller-blakelyDirector
John GawaluckDirector
John RiedlDirector
Judith SommersDirector
Julieann BrandleDirector
Justus RobertsDirector
Karla JonesDirector
Keith GrassDirector
Marcele StifflerDirector
Marcia FossDirector
Michael KuhlinDirector
Michael WinnerDirector
Ravi KandikondaDirector
Richard MooreDirector
Shirley CarlsonDirector
Spencer SeamanDirector
Teresa BairDirector
Valerie NewellDirector, Treasurer
Jeremy BallAvp of Advancement Services
Adrea Nicole SpoonAvp, Alumni Eng & Annual Giving
Anne Marie Bliley-esterAvp, Development
Sherideen StollBgsu VP Finance & Admininstration/CFO
Laura MooreExec Dir, Donor Relations & Stewardship

Highest Paid Contractors

ContractorServicesLocationCompensation
Mercer Investments LLCInvestment Advisor21875 NETWORK PL, Chicago, IL 60673-1218$398,604
EabMarketing Services2445 M ST NW, Washington, DC 20037$215,580
Sg Al Holdings LLCSoftware Consulting160 Federal Street Lobby, Boston, MA 02110$214,490
Contributor Development PartnershipFundraising & Constituent MgmtPO BO 412299, Boston, MA 02241$161,736
Tj Metzgers INCPrinting, Fulfillment & Mailing207 ARCO DR, Toledo, OH 43607-2906$137,938
Revenue and Support

Revenue Composition

Contributions and Grants
$33,635,749
Program Service Revenue
$222,419
Investment Income
$18,646,656
Other Revenue
$166,162
All Other Contributions
$33,396,305
Change in Net Assets
$15,192,366

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 Traded37$1,474,761Market value
Real Estate Commercial1$600,000Market value
Other Non Cash Contri Table198$409,920Market value
Total Noncash Contributions236$2,484,681-

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,807,048
Revenue Not Reported on Financial Statements
$-136,062
Revenue Not Reported on Form 990
$17,467,539
Other Revenue Adjustments
$-136,062
Total Revenue per Audited Statements
$70,274,587
Total Revenue per Form 990
$52,670,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$23,582,553
Other Expenses$13,896,067
Total Fundraising Expense$3,233,822
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$15,501,297--$15,501,297
Grants to Domestic Orgs$8,081,256--$8,081,256
Travel$926,631$139,673$91,173$1,157,477
Information Technology$254,811$669,552$5$924,368
Office Expenses$637,026$106,033$173,541$916,600
Occupancy$593,643$3,002$18,126$614,771
Fees for Services Other$199,638$356,661$1,530$557,829
Other Expenses$122,807$56,281$7,106$186,194
Advertising$69,860$13,450$40,980$124,290
Insurance$114,659$6,303$0$120,962
Conferences and Meetings$73,582$13,225$2,936$89,743
Fees for Services Accounting$0$42,597$0$42,597
Fees for Services Legal$0$27,000$0$27,000
Total Functional Expenses$30,520,044$3,724,754$3,233,822$37,478,620

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$37,614,682
Expenses per Audited Statements$37,478,620
Total Expenses per Form 990$37,478,620
Expenses Not Reported on Form 990$136,062
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bowling Green State UniversityBowling Green, OH115(1)TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE$7,521,336
Bgsu Alumni AssociationBowling Green, OH501(c)(3)TO SUPPORT THE ALUMNI ASSOCIATION'S EXEMPT PURPOSE$150,000

International Summary

Offices
0
Employees
0
Spending
$12,641,676

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Investments-00$7,813,135
Central America and the CaribbeanInvestments-00$4,828,541
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$302,224
Fundraising Direct Expenses$136,062
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2025 Gridiron Classic$254,180$209,330$6,141$203,189
2024 Falcon Golf Classic$101,803$28,358$2,144$26,214
Total Events$541,668$302,224$136,062$166,162
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$2,350,562
Annuities Payable-
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 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
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

Governance Explanations

Form 990, Part VI, Line 1A Delegate broad authority to A committee

Per the foundation's code of regulations, the executive committee shall consist of the chair, chair-elect, immediate past chair, the chairs of the foundation's other standing committees, the president of the university, the president of the foundation and the chief financial officer of the university. The role of the executive committee shall be to: (a) act on urgent business on behalf of the board as necessary during the intervals between the meetings of the board; and (b) in collaboration with the chair of the board, consult with the president of the foundation on planning for regular meetings of the board. In the event a standing committee member of the executive committee is unable to attend an executive committee meeting, the chair of the board may appoint another member of the board as a replacement for that meeting.

Form 990, Part VI, Line 11B Review of form 990 by governing body

A completed final draft copy of form 990 and supplemental schedules are presented to the board for review. Following this review and the completion of any revisions or corrections, a final form 990 is made available electronically via the onboard portal to all foundation board members before filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

All foundation board of directors are required to complete an electronic conflict of interest questionnaire on an annual basis. The director of non-profit accounting electronically distributes the questionnaire to all directors during the fiscal year. The director of foundation accounting tracks the responses electronically and follows up with anyone who has not responded until all responses are received. In addition, any exceptions to the policy as noted are brought to the attention of the president/ceo for their disposition. All directors are expected to disclose any potential conflict of interest in any matters brought before the board prior to discussion of that matter and to subsequently recuse themselves from voting or dismiss themselves from the meeting.

Form 990, Part VI, Line 19 Required documents available to the public

The foundation's governing documents, conflict of interest policy, and financial statements are available upon request at the foundation's offices located at mileti alumni center, bowling green, ohio.

Form 990, Part VI, Line 13 Written Whistleblower Policy

The foundation's current practice is to follow the written whistleblower policy as adopted and implemented by bowling green state university.

Form 990, Part VI, Line 14 Written Document Retention and Destruction Policy

The foundation's current practice is to follow the written document retention and destruction policy as adopted and implemented by bowling green state university.

Form 990, Part VI, Line 15A Determination and Review of Compensation for Top Management Official

The determination and reviews of compensation for the top management officials are done by bowling green state university.

Form 990, Part VI, Line 15B Determination and Review of Compensation for Other

There are no other officers or key employees of the filing organization, therefore this question has been answered "no" per irs instruction.

Filing and Contact Details

Filer

Filer Name
Bowling Green State University Foundation Inc
EIN
34-6007199
Phone
4193722551
Address
136 N Mercer Road, Bowling Green, OH 43403-0054

Signing Officer

Name
Christina Hennessey
Title
President and CEO
Signed
2026-03-09
Discuss with paid preparer
Yes

Organization Details

Formed
1954
Legal Domicile
Oh
Voting Board Members
37
Independent Board Members
35
Employees
55
Volunteers
35

Preparer

Firm
Forvis Mazars LLP
Address
312 Walnut Street Suite 3000, Cincinnati, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

CHANGE IN SPLIT INTEREST AGREEMENT - -130661; CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE POLICY - 51772; Total - -78889;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The foundation's endowment funds are used to support the programs of the university, provide scholarships and support for university students, and to assist in the funding of university capital projects.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The foundation has been recognized by the internal revenue service as an organization exempt from federal taxation under section 501(c)(3) of the internal revenue code. The foundation is a public charity by reason of being described in internal revenue code section 170(b)(1)(a)(vi). The foundation is exempt from federal income taxes except to the extent of income derived from unrelated business activities. Unrelated business income is not material to the consolidated financial statements. The bowling green state university foundation llc is incorporated as a limited liability corporation.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in Split Interest Agreement - -130661 Change in Cash Surrender Value of Life Insurance policy - 51772

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Fundraising Event Expenses - -136062

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising Event Expense - 136062

Raw XML AppendixShowing 400 of 1,362 raw XML fields

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/ActivityOrMissionDesc0THE BOWLING GREEN STATE UNIVERSITY FOUNDATION SUPPORTS BOWLING GREEN STATE UNIVERSITY BY RECEIVING, INVESTING AND STEWARDING PRIVATE GIFTS, AND BY ENCOURAGING PROSPECTIVE DONORS TO GIVE.
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