Civic Intelligence

Youngstown State University Foundation

990 • Fiscal year 2020 • EIN 34-6576610

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

655 Wick AvenueYoungstown, OH 44502

(330) 941-3211

Siviq Scores

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

Liabilities / Assets

14th percentile

0.04x

Higher debt load relative to assets than 14% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.68x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Net Margin

17th percentile

-5.3%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

8th percentile

$249,197

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2020

Asset Growth

16th percentile

-2.3%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-30%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Assets

Down

$267,216,518

Down $6,202,401 (-2.3%) from 2019

Net Assets

Down

$255,990,768

Down $7,557,354 (-2.9%) from 2019

Liabilities

Up

$11,225,750

Up $1,354,953 (+14%) from 2019

Revenue

Down

$16,623,185

Down $6,993,120 (-30%) from 2019

Expenses

Up

$17,508,158

Up $517,218 (+3.0%) from 2019

Net Income

Down

-$884,973

Down $7,510,338 (-113%) from 2019

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2011: $186,490,476Liabilities 2011: $3,570,000Net Assets 2011: $182,920,4762011Assets 2012: $192,435,256Liabilities 2012: $5,165,448Net Assets 2012: $187,269,8082012Assets 2013: $210,770,683Liabilities 2013: $5,149,139Net Assets 2013: $205,621,5442013Assets 2014: $234,748,147Liabilities 2014: $7,406,580Net Assets 2014: $227,341,5672014Assets 2015: $229,118,990Liabilities 2015: $11,719,801Net Assets 2015: $217,399,1892015Assets 2016: $218,232,313Liabilities 2016: $8,983,151Net Assets 2016: $209,249,1622016Assets 2017: $241,139,408Liabilities 2017: $8,731,380Net Assets 2017: $232,408,0282017Assets 2018: $258,886,094Liabilities 2018: $9,160,347Net Assets 2018: $249,725,7472018Assets 2019: $273,418,919Liabilities 2019: $9,870,797Net Assets 2019: $263,548,1222019Assets 2020: $267,216,518Liabilities 2020: $11,225,750Net Assets 2020: $255,990,7682020Assets 2021: $337,056,752Liabilities 2021: $9,918,553Net Assets 2021: $327,138,1992021Assets 2022: $318,269,128Liabilities 2022: $11,673,768Net Assets 2022: $306,595,3602022Assets 2023: $333,927,994Liabilities 2023: $11,831,468Net Assets 2023: $322,096,5262023Assets 2024: $359,433,129Liabilities 2024: $12,606,341Net Assets 2024: $346,826,7882024Assets 2025: $392,044,797Liabilities 2025: $13,441,590Net Assets 2025: $378,603,2072025

Highlighted filing

2020

Assets$267,216,518
Liabilities$11,225,750
Net Assets$255,990,768

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $6,231,7822011Expenses 2012: $6,630,8582012Expenses 2013: $8,308,3042013Revenue 2014: $10,974,557Expenses 2014: $10,475,918Net Income 2014: $498,6392014Revenue 2015: $13,852,855Expenses 2015: $12,560,825Net Income 2015: $1,292,0302015Revenue 2016: $19,804,183Expenses 2016: $15,557,186Net Income 2016: $4,246,9972016Revenue 2017: $21,929,693Expenses 2017: $15,061,979Net Income 2017: $6,867,7142017Revenue 2018: $20,933,143Expenses 2018: $16,413,488Net Income 2018: $4,519,6552018Revenue 2019: $23,616,305Expenses 2019: $16,990,940Net Income 2019: $6,625,3652019Revenue 2020: $16,623,185Expenses 2020: $17,508,158Net Income 2020: -$884,9732020Revenue 2021: $37,805,316Expenses 2021: $15,989,510Net Income 2021: $21,815,8062021Revenue 2022: $38,933,738Expenses 2022: $19,673,164Net Income 2022: $19,260,5742022Revenue 2023: $28,980,786Expenses 2023: $19,528,304Net Income 2023: $9,452,4822023Revenue 2024: $34,395,011Expenses 2024: $20,011,624Net Income 2024: $14,383,3872024Revenue 2025: $38,801,829Expenses 2025: $26,186,693Net Income 2025: $12,615,1362025

Highlighted filing

2020

Revenue$16,623,185
Expenses$17,508,158
Net Income-$884,973
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$64,855,873
Mission and Program Overview

Mission

The youngstown state university foundation is devoted to the support, expansion and development of educational programs at youngstown state university deemed useful to the students and beneficial to the community.

To support youngstown state university by providing scholarships and programatic support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$258,789,138$254,739,015▼ $4,050,123
Pledges and Grants Receivable$10,285,078$9,235,074▼ $1,050,004
Savings and Temporary Cash Investments$2,723,049$2,092,541▼ $630,508
Prepaid Expenses and Deferred Charges$967,302$936,986▼ $30,316
Land, Buildings, and Equipment, Net$39,224$192,445▲ $153,221
Total Assets$273,418,919$267,216,518▼ $6,202,401
Other Assets Total$615,128$20,457▼ $594,671
Liabilities
Grants Payable$8,545,274$9,987,574▲ $1,442,300
Accounts Payable and Accrued Expenses$1,325,523$1,238,176▼ $87,347
Total Liabilities$9,870,797$11,225,750▲ $1,354,953
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$152,970,226$143,733,963▼ $9,236,263
Net Assets With Donor Restrictions$110,577,896$112,256,805▲ $1,678,909
Total Net Assets Fund Balance$263,548,122$255,990,768▼ $7,557,354
Total Liabilities and Net Assets / Fund Balance$273,418,919$267,216,518▼ $6,202,401

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$192,445$65,910$258,355

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$255,732,176$7,510,668▼ $1,692,772$10,422,007$251,128,065
2018$241,189,000$10,965,173▲ $13,508,397$9,930,394$255,732,176
2017$225,044,989$8,957,920▲ $18,026,169$10,840,078$241,189,000
2016$204,701,206$5,100,602▲ $24,098,923$8,855,742$225,044,989
2015$215,954,152$6,177,412▼ $6,946,246$10,484,112$204,701,206
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul McfaddenPresidentFT$192,794$56,403$249,197
Heather ChunnVice PresidentFT$103,794$15,773$119,567

Highest Paid Contractors

ContractorServicesLocationCompensation
Graystone ConsultingInvestment Management4449 EASTON WAY SUITE 300, Columbus, OH 43219$354,042
Skybridge Capital LLCInvestment Management527 MADISON AVE 16, New York, NY 10022$216,456
Revenue and Support

Revenue Composition

Contributions and Grants
$11,449,028
Program Service Revenue
$0
Investment Income
$5,174,157
Other Revenue
$0
All Other Contributions
$11,449,028
Change in Net Assets
$-884,973

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded20$706,909Market Quotations
Total Noncash Contributions20$706,909-

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,623,185
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-6,672,381
Total Revenue per Audited Statements
$9,950,804
Total Revenue per Form 990
$16,623,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,787,387
Salaries, Compensation, and Employee Benefits$1,194,997
Total Fundraising Expense$526,388
Other Expenses$525,774
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,787,387--$15,787,387
Other Salaries and Wages$208,796$248,137$259,844$716,777
Current Officers, Directors, Trustees, and Key Employees$84,106$95,917$71,799$251,822
Advertising$88,214$4,816$71,228$164,258
Other Employee Benefits$31,177$30,749$26,777$88,703
Pension Plan Contributions$10,805$50,019$11,605$72,429
Occupancy-$66,733-$66,733
Payroll Taxes$20,133$22,294$22,839$65,266
Information Technology$8,510$34,892$12,942$56,344
Fees for Services Accounting-$55,571-$55,571
Office Expenses$8,646$28,917$15,125$52,688
Travel$840$7,203$33,905$41,948
Conferences and Meetings$20,276$5,749$20$26,045
Insurance-$14,761-$14,761
Depreciation Depletion-$13,149-$13,149
Fees for Services Other$274$9,860$263$10,397
All Other Expenses-$1,284-$1,284
Other Expenses-$897$41$897
Total Functional Expenses$16,269,164$712,606$526,388$17,508,158

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,508,158
Total Expenses per Audited Statements$17,508,158
Total Expenses per Form 990$17,508,158
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Youngstown State UniversityYoungstown, OH170(b)(i)(a)(ii)To Exclusively Support Youngstown State University.$15,787,387

International Summary

Offices
0
Employees
0
Spending
$50,351,790

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
Central America and the CarribeanInvestments-00$50,351,790
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Irs form 990 is reviewed and approved by the foundation's executive committee and audit committee. The foundation also provided the form 990 to each voting member of the board of trustees in paper and/or electronic form.

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

All trustees of the organization sign conflict of interest policies annually. Conflicts of interest are identified during board meetings by the trustees and board members abstain from voting if they have a conflict. Board members are aware of the need to disclose conflicts of interest as soon as they arise, and the president also monitors the conflicts of interest throughout the year. The board chair reviews the president's completed conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The executive committee provides to the board chair a salary range based upon the review of compensation paid to similar positions reported on the form 990 of other organizations to determine the president's and vice president of operations/hr's compensation. The board chair determines, reviews and approves the compensation amount and communicates it to the president and vice president of operations/hr through e-mail. The compensation review process was last completed in july 2020.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

FORM 990, PART VIII, LINE 1:

Effective april 1, 2015, the foundation entered into a developmental agreement with youngstown state university wherein the foundation raises and maintains donations on behalf of the university. The foundation remits all related funds which have been received to the university on a monthly basis. For the year ended june 30, 2020, the foundation recorded contribution revenue $2,566,312 and distribution expenses of $4,874,492.

Filing and Contact Details

Filer

Filer Name
Youngstown State University Foundation
EIN
34-6576610
Phone
3309413211
Address
655 WICK AVENUE, YOUNGSTOWN, OH 44502

Signing Officer

Name
Paul Mcfadden
Title
President
Phone
3309413211
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Mcfadden
Formed
1966
Legal Domicile
Oh
Voting Board Members
42
Independent Board Members
42
Employees
23
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
250 S HIGH ST SUITE 100, COLUMBUS, OH 43215
Preparer
Tina M Peters CPA
Phone
6148493000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's board of trustees process of assuming responsibility for oversight of the audit of its financial statements and selection of an independent accountant has not changed or been revised from the prior year to the current year.

Financial Statement Notes

PART V, LINE 4:

The organization's use of endowment funds are to be used for scholarships and other specified uses for the benefit of students, and related activities and programs at youngstown state university.

Raw XML AppendixShowing 400 of 862 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/ActivityOrMissionDesc0TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND PROGRAMATIC SUPPORT.
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IRS990/Desc0THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, AUTONOMOUS, PRIVATE, NON-PROFIT CORPORATION THAT PURSUES, MANAGES AND DISTRIBUTES RESOURCES TO SUPPORT SCHOLARSHIPS AND STUDENT INITIATIVES, AS WELL AS THE GROWTH AND DEVELOPMENT OF YOUNGSTOWN STATE UNIVERSITY.THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION WILL BE A CATALYTIC FORCE FOR THE ADVANCEMENT OF YSU, THE YOUNGSTOWN COMMUNITY, AND NORTHEAST OHIO, AND WILL BE A CRITICAL SOURCE OF SUPPORT, OPPORTUNITY, AND EXCELLENCE FOR YSU STUDENTS AND UNIVERSITY PROGRAMS.THE COMPETITION FOR STUDENTS IN HIGHER EDUCATION HAS NEVER BEEN GREATER. THE YSU FOUNDATION, PROVIDING OVER $8.5 MILLION IN ANNUAL SCHOLARSHIP AID, HAS HISTORICALLY DESIGNED SCHOLARSHIP AWARDS TO PROVIDE ACCESS TO ATTEND YSU. TWO OF THE YSU FOUNDATION'S IMPORTANT INITIATIVES ARE THE MINORITY SCHOLARSHIP MATCH PROGRAM AND THE STUDENT INVESTMENT FUND. FOR THE PAST DECADE, THE YSU FOUNDATION HAS MATCHED ALL GIFTS TO MINORITY SCHOLARSHIPS. THIS HAS ATTRACTED OVER $1,451,000 IN GIFTS, HELPING YSU INCREASE THE DIVERSITY OF ITS STUDENT BODY. THE FOUNDATION ALSO PROVIDES GRANTS TO YOUNGSTOWN STATE UNIVERSITY FOR THE PURPOSE OF LECTURES AND SYMPOSIUMS AND FOR THE OPERATIONS OF VARIOUS DEPARTMENTS AND CENTERS.
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL MCFADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1HEATHER CHUNN
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANK HIERRO
IRS990/Form990PartVIISectionAGrp/PersonNm3ED MURANSKY
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY BETH HOUSER
IRS990/Form990PartVIISectionAGrp/PersonNm5NADER ATWAY
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER J ASIMAKOPOULOS
IRS990/Form990PartVIISectionAGrp/PersonNm7DOUG SWEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm8EUGENIA C ATKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm9A GARY BITONTE
IRS990/Form990PartVIISectionAGrp/PersonNm10RICHARD BLASE
IRS990/Form990PartVIISectionAGrp/PersonNm11SUSAN BRINEY
IRS990/Form990PartVIISectionAGrp/PersonNm12LEE BURDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13ANTHONY M CAFARO SR
IRS990/Form990PartVIISectionAGrp/PersonNm14THOMAS J CAVALIER
IRS990/Form990PartVIISectionAGrp/PersonNm15Y T CHIU JR
IRS990/Form990PartVIISectionAGrp/PersonNm16DOMENIC L CONSTANTINI
IRS990/Form990PartVIISectionAGrp/PersonNm17ALAN W COPE
IRS990/Form990PartVIISectionAGrp/PersonNm18MILLICENT S COUNTS
IRS990/Form990PartVIISectionAGrp/PersonNm19SERGUL ERZURUM
IRS990/Form990PartVIISectionAGrp/PersonNm20REX A FERRY
IRS990/Form990PartVIISectionAGrp/PersonNm21ALFRED J FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm22THOMAS J FLEMING
IRS990/Form990PartVIISectionAGrp/PersonNm23JOHN F GELETKA
IRS990/Form990PartVIISectionAGrp/PersonNm24JAMES GELLER
IRS990/Form990PartVIISectionAGrp/PersonNm25STEPHEN J GURGOVITS
IRS990/Form990PartVIISectionAGrp/PersonNm26MITCHELL J JOSEPH
IRS990/Form990PartVIISectionAGrp/PersonNm27BENJAMIN KECK
IRS990/Form990PartVIISectionAGrp/PersonNm28JOCELYNE KOLLAY LINSALATA
IRS990/Form990PartVIISectionAGrp/PersonNm29JOHN MOLITERNO
IRS990/Form990PartVIISectionAGrp/PersonNm30GARRY L MROZEK
IRS990/Form990PartVIISectionAGrp/PersonNm31ELBA NAVARRO
IRS990/Form990PartVIISectionAGrp/PersonNm32JUDE NOHRA
IRS990/Form990PartVIISectionAGrp/PersonNm33CARL A NUNZIATO
IRS990/Form990PartVIISectionAGrp/PersonNm34ANTHONY PAYIAVLAS
IRS990/Form990PartVIISectionAGrp/PersonNm35JOHN L POGUE
IRS990/Form990PartVIISectionAGrp/PersonNm36WILLIAM POOLE
IRS990/Form990PartVIISectionAGrp/PersonNm37RICHARD J SCHIRALDI
IRS990/Form990PartVIISectionAGrp/PersonNm38THEODORE SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm39JAMES H SISEK
IRS990/Form990PartVIISectionAGrp/PersonNm40MARTIN SOLOMON
IRS990/Form990PartVIISectionAGrp/PersonNm41RAJIV TANEJA
IRS990/Form990PartVIISectionAGrp/PersonNm42RICHARD B THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm43STUART WISE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1103794
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$392$13.4$379$38.8$26.2$12.6
2024Detailed filing. Detailed filing data is available for this year.$359$12.6$347$34.4$20.0$14.4
2023Detailed filing. Detailed filing data is available for this year.$334$11.8$322$29.0$19.5$9.45
2022Detailed filing. Detailed filing data is available for this year.$318$11.7$307$38.9$19.7$19.3
2021Detailed filing. Detailed filing data is available for this year.$337$9.92$327$37.8$16.0$21.8
2020Detailed filing. Detailed filing data is available for this year.$267$11.2$256$16.6$17.5$0.88
2019Detailed filing. Detailed filing data is available for this year.$273$9.87$264$23.6$17.0$6.63
2018Detailed filing. Detailed filing data is available for this year.$259$9.16$250$20.9$16.4$4.52
2017Detailed filing. Detailed filing data is available for this year.$241$8.73$232$21.9$15.1$6.87
2016Detailed filing. Detailed filing data is available for this year.$218$8.98$209$19.8$15.6$4.25
2015Detailed filing. Detailed filing data is available for this year.$229$11.7$217$13.9$12.6$1.29
2014Detailed filing. Detailed filing data is available for this year.$235$7.41$227$11.0$10.5$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$5.15$206$8.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$5.17$187$6.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$186$3.57$183$6.23