Western Illinois University Foundation

“Foundation accountants provide documentation to the tax preparer to prepare the 990 form, including answers to "yes/no" questions. The tax preparer uses all information to prepare the 990. After the 990 is prepared, the accountants in the foundation review the return for any discrepancies. Once all discrepancies have been addressed with the tax preparer, the return is taken to the board (at minimum the executive committee) for review and comment. If no problems are noted, the return is ready for signing and processing.”

“The board of directors discloses conflicts of interest annually.”

“Employees of the western illinois university foundation are paid by western illinois university (a related organization and governmental entity). Western illinois university establishes all hiring procedures and pay policies for employees of the western illinois university foundation. When employees are recruited, an administrative compensation survey conducted by the college and university processional association from human resources (cupa-hr) is used to get a salary range. However, the actual offer is based on an individual's qualifications. A search committee comprised of employees from various areas with various backgrounds is used during employee searches.”

“990 tax returns for the past three years are available at www.guidestar.com. Membership to guide star is free, and anyone wishes to see our tax forms are encouraged to visit this website. Forms are also available by request to individuals who contact the foundation office directly. The foundation's audit report is also available on our website through a link that will take you to our report, which is loaded on the illinois auditor general's website.”

“Personnel costs: program service expenses 0. Management and general expenses 648,052. Fundraising expenses 392,402. Total expenses 1,040,454. Catering & food supplies: program service expenses 194,462. Management and general expenses 23,935. Fundraising expenses 4,277. Total expenses 222,674. Cost of sales: program service expenses 101,919. Management and general expenses 244. Fundraising expenses 14,053. Total expenses 116,216. Other: program service expenses 0. Management and general expenses 88,698. Fundraising expenses 0. Total expenses 88,698. Printing and publications: program service expenses 60,535. Management and general expenses 4,258. Fundraising expenses 350. Total expenses 65,143. Association dues: program service expenses 56,412. Management and general expenses 2,897. Fundraising expenses 303. Total expenses 59,612. Refunds: program service expenses 31,413. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,413. Annuity payments and adjustments: program service expenses 0. Management and general expenses 19,715. Fundraising expenses 0. Total expenses 19,715. Vehicle expenses: program service expenses 8,259. Management and general expenses 420. Fundraising expenses 0. Total expenses 8,679.”

“Change in surrender value of life insurance 19,611. Change in value of charitable remainder trust 105,095. Change in value of land held for investment change in annuity interdepartmental expense university provided support 1,285,228.”