Civic Intelligence

Wayne State University Foundation

990T • Fiscal year 2022 • EIN 38-3555142

Oct 01, 2021 to Sep 30, 2022 • Filed on Jul 31, 2023

Organization ProfileGIVING.WAYNE.EDU/ABOUT/FOUNDATION
5700 Cass Avenue Aab 4900Detroit, MI 48202

(313) 577-5580

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

-

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2011: $230,679,794Liabilities 2011: $0Net Assets 2011: $230,679,7942011Assets 2012: $262,431,740Liabilities 2012: $0Net Assets 2012: $262,431,7402012Assets 2013: $286,351,625Liabilities 2013: $271,543Net Assets 2013: $286,080,0822013Assets 2014: $304,719,123Liabilities 2014: $200,175Net Assets 2014: $304,518,9482014Assets 2015: $290,076,530Liabilities 2015: $204,974Net Assets 2015: $289,871,5562015Assets 2016: $322,290,048Liabilities 2016: $222,777Net Assets 2016: $322,067,2712016Assets 2017: $362,904,890Liabilities 2017: $555,390Net Assets 2017: $362,349,5002017Assets 2018: $391,944,258Liabilities 2018: $289,904Net Assets 2018: $391,654,3542018Assets 2019: $399,810,411Liabilities 2019: $590,741Net Assets 2019: $399,219,6702019Assets 2020: $420,994,306Liabilities 2020: $349,305Net Assets 2020: $420,645,0012020Assets 2021: $515,100,298Liabilities 2021: $968,193Net Assets 2021: $514,132,1052021Assets 2022: $453,355,197Liabilities 2022: $657,567Net Assets 2022: $452,697,6302022Assets 2023: $504,174,175Liabilities 2023: $224,835Net Assets 2023: $503,949,3402023Assets 2024: $596,291,272Liabilities 2024: $150,988Net Assets 2024: $596,140,2842024

Latest loaded filing

2024

Assets$596,291,272
Liabilities$150,988
Net Assets$596,140,284
Open 2024 Filing

Operations Trend

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

$150M$100M$50M$0-$50MRevenue 2011: $5,441,409Expenses 2011: $11,519,420Net Income 2011: -$6,078,0112011Revenue 2012: $42,942,618Expenses 2012: $12,174,369Net Income 2012: $30,768,2492012Revenue 2013: $37,552,696Expenses 2013: $11,819,524Net Income 2013: $25,733,1722013Revenue 2014: $26,909,351Expenses 2014: $10,663,138Net Income 2014: $16,246,2132014Revenue 2015: -$1,629,229Expenses 2015: $11,748,075Net Income 2015: -$13,377,3042015Revenue 2016: $46,320,991Expenses 2016: $11,678,382Net Income 2016: $34,642,6092016Revenue 2017: $41,842,389Expenses 2017: $16,272,443Net Income 2017: $25,569,9462017Revenue 2018: $39,724,639Expenses 2018: $17,606,998Net Income 2018: $22,117,6412018Revenue 2019: $32,838,241Expenses 2019: $17,947,015Net Income 2019: $14,891,2262019Revenue 2020: $23,111,509Expenses 2020: $18,798,342Net Income 2020: $4,313,1672020Revenue 2021: $23,428,469Expenses 2021: $19,297,349Net Income 2021: $4,131,1202021Revenue 2022: $143,332,679Expenses 2022: $23,095,067Net Income 2022: $120,237,6122022Revenue 2023: $9,335,750Expenses 2023: $24,181,087Net Income 2023: -$14,845,3372023Revenue 2024: $21,711,369Expenses 2024: $26,385,001Net Income 2024: -$4,673,6322024

Latest loaded filing

2024

Revenue$21,711,369
Expenses$26,385,001
Net Income-$4,673,632
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 31, 2023
Return Version
2021v4.3
Mission and Program Overview

Mission

Wayne state university foundation was established to be a centralized means of encouraging and managing financial support to wayne state university. This support allows wayne state university to provide its students, faculty, and scientists with opportunities for learning and discovery that otherwise would not have been financially possible.

Filing and Contact Details

Filer

Filer Name
Wayne State University Foundation
EIN
38-3555142
Phone
3135775580
Address
5700 CASS AVENUE AAB 4900, DETROIT, MI 48202

Signing Officer

Name
David Massaron
Title
CFO, Sr VP Finance & Busn Ops
Phone
3135775580
Signed
2023-07-31
Discuss with paid preparer
Yes

Preparer

Firm
Plante & Moran Pllc
Address
3000 TOWN CENTER SUITE 100, SOUTHFIELD, MI 48075
Preparer
Dori J Eggett
Phone
2483522500
Raw XML Appendix105 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.

Path#Value
IRS1120ScheduleD/CapitalGainNetIncomeAmt04
IRS1120ScheduleD/NetCapitalGainAmt04
IRS1120ScheduleD/NetLTCapitalGainOrLossAmt04
IRS1120ScheduleD/TotalLTCGL1099BNotReceivedGrp/TotalGainOrLossAmt04
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt04
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc0RENAISSANCE VENTURE CAPITAL FUND II, L.P
IRS8949/LongTermCapitalGainAndLossGrp/TotalGainOrLossAmt04
IRS8949/LongTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd0X
IRS990T/BalanceDueAmt047
IRS990T/BooksInCareOfDetail/PersonNm0DAVID MASSARON CFO SR VP FINANCE
IRS990T/BooksInCareOfDetail/PhoneNum03135775580
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt05700 CASS AVENUE SUITE 4900
IRS990T/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd048202
IRS990T/BookValueAssetsEOYAmt0453355197
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt01886
IRS990T/ESPenaltyAmt047
IRS990T/ExtsnRequestIncomeTaxPaidAmt01188
IRS990T/ForeignAccountsQuestionInd01
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/GroupExemptionNum05224
IRS990T/ItmzdSupplementalInfoGrp/ExplanationTxt0WAYNE STATE UNIVERSTIY FOUNDATION 38-3555142TAX YEAR ENDING SEPTEMBER 30, 2022A STATEMENT ATTACHED TO AND MADE PART OF THE FEDERAL TAX RETURN FOR THE YEAR ENDED SEPTEMBER 30, 2022 ELECTION FOR INCREASED LIMIT ON CHARITABLE CONTRIBUTIONS OF 25% OF TAXABLE INCOME. ____________________________________________________________ _______________WAYNE STATE UNIVERSITY FOUNDATION HEREBY ELECTS TO TREAT THE FOLLOWING CHARITABLE CONTRIBUTIONS AS ELIGIBLE FOR THE INCREASED LIMIT OF UP TO 25% OF TAXABLE INCOME PURSUANT TO THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AND THE TAXPAYER CERTAINTY AND DISASTER TAX RELIEF ACT FOR THE YEAR ENDING SEPTEMBER 30, 2022.WAYNE STATE UNIVERSITY CONTRIBUTION MADE DURING 2021 - $4,371,976
IRS990T/ItmzdSupplementalInfoGrp/LineNum04
IRS990T/ItmzdSupplementalInfoGrp/PartNum0I
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/PaidTaxLiabilityAmt00
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt046722
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0901101
IRS990TScheduleA/CapitalGainNetIncomeAmt04
IRS990TScheduleA/NetOperatingLossDeductionAmt034170
IRS990TScheduleA/OtherDeductionsAmt05112
IRS990TScheduleA/PrincipalBusinessActivityCd0901101
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalAllocableDeductionsAmt00
IRS990TScheduleA/TotalCtrlOrgDeductionAmt00
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalDeductionsAmt05112
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt00
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt047820
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt047824
IRS990TScheduleA/TotUnrltTrdBusIncmAmt047824
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt00
IRS990TScheduleA/TradeOrBusinessDesc0INVESTMENTS IN PARTNERSHIPS
IRS990TScheduleA/UBIBeforeNOLDedAmt042712
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt08542
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt01188
IRS990T/TaxLessCreditsAmt01188
IRS990T/TotalDeductionAmt01000
IRS990T/TotalPaymentsAmt01188
IRS990T/TotalTaxAmt01188
IRS990T/TotalTaxComputationAmt01188
IRS990T/TotalUBTIAmt05656
IRS990T/TotalUBTIBeforeNOLSpecificAmt06656
IRS990T/TotalUBTIBeforeSection199AAmt06656
IRS990T/TotalUBTIComputedAmt08542
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MASSARON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO, SR VP FINANCE & BUSN OPS
ReturnHeader/BusinessOfficerGrp/PhoneNum03135775580
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAYNE STATE UNIVERSITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WAYN
ReturnHeader/Filer/EIN0383555142
ReturnHeader/Filer/PhoneNum03135775580
ReturnHeader/Filer/USAddress/AddressLine1Txt05700 CASS AVENUE AAB 4900
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048202
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03000 TOWN CENTER SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTHFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048075
ReturnHeader/PreparerPersonGrp/PhoneNum02483522500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DORI J EGGETT
ReturnHeader/ReturnTs02023-08-04T14:33:07-05:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MASSARON
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$596$0.15$596$21.7$26.4$4.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$504$0.22$504$9.34$24.2$14.8
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$453$0.66$453$143$23.1$120
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$515$0.97$514$23.4$19.3$4.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$421$0.35$421$23.1$18.8$4.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$400$0.59$399$32.8$17.9$14.9
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$392$0.29$392$39.7$17.6$22.1
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$363$0.56$362$41.8$16.3$25.6
2016Summary only. Only limited summary data is available for this year.$322$0.22$322$46.3$11.7$34.6
2015Summary only. Only limited summary data is available for this year.$290$0.20$290$1.63$11.7$13.4
2014Summary only. Only limited summary data is available for this year.$305$0.20$305$26.9$10.7$16.2
2013Summary only. Only limited summary data is available for this year.$286$0.27$286$37.6$11.8$25.7
2012Summary only. Only limited summary data is available for this year.$262$0.00$262$42.9$12.2$30.8
2011Summary only. Only limited summary data is available for this year.$231$0.00$231$5.44$11.5$6.08