Civic Intelligence

Wayne State University Foundation

990 • Fiscal year 2020 • EIN 38-3555142

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 29, 2021

5700 Cass Avenue Aab No 4900Detroit, MI 48202

(313) 577-5580

Siviq Scores

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

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

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

Liabilities / Revenue

3rd percentile

0.02x

Higher debt load relative to revenue than 3% of similar nonprofits.

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

Net Margin

82nd percentile

19%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

50th percentile

$857,419

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

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

Asset Growth

47th percentile

5.3%

Faster asset growth than 47% 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

Up

$420,994,306

Up $21,183,895 (+5.3%) from 2019

Net Assets

Up

$420,645,001

Up $21,425,331 (+5.4%) from 2019

Liabilities

Down

$349,305

Down $241,436 (-41%) from 2019

Revenue

Down

$23,111,509

Down $9,726,732 (-30%) from 2019

Expenses

Up

$18,798,342

Up $851,327 (+4.7%) from 2019

Net Income

Down

$4,313,167

Down $10,578,059 (-71%) from 2019

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

Highlighted filing

2020

Assets$420,994,306
Liabilities$349,305
Net Assets$420,645,001

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

Highlighted filing

2020

Revenue$23,111,509
Expenses$18,798,342
Net Income$4,313,167
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 29, 2021
Return Version
2019v5.2
Gross Receipts
$181,923,496
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$399,219,670$420,645,001▲ $21,425,331
Investments in Publicly Traded Securities$315,247,644$338,915,999▲ $23,668,355
Investments Other Securities$79,080,930$78,317,972▼ $762,958
Cash and Non-Interest-Bearing Accounts$4,715,558$3,510,534▼ $1,205,024
Accounts Receivable$766,279$249,801▼ $516,478
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$399,810,411$420,994,306▲ $21,183,895
Liabilities
Accounts Payable and Accrued Expenses$590,741$349,305▼ $241,436
Total Liabilities$590,741$349,305▼ $241,436
Net Assets / Fund Balance
Total Net Assets Fund Balance$399,219,670$420,645,001▲ $21,425,331
Total Liabilities and Net Assets / Fund Balance$399,810,411$420,994,306▲ $21,183,895

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,466,057--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$399,219,670$11,126,278▲ $29,097,395$1,671,597$420,645,001
2019$391,654,353$17,513,893▲ $7,998,437$1,557,359$399,219,670
2018$362,349,500$22,697,943▲ $24,213,908$1,426,573$391,654,353
2017$322,067,271$18,927,300▲ $37,627,372$1,394,932$362,349,500
2016$289,871,556$16,622,092▲ $27,252,005$1,362,761$322,067,271
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Neco T WalkerSecretaryPT$110,289$110,289

Board Members and Trustees

NameTitle
Matthew J SimonciniChair
Marilyn KellyDirector, Chair Univ. Board Gov.
Susan E BurnsPresident
M Roy Wilson Md MsUniversity President
Bryan C Barnhill IiiDirector
Cindy PaskyDirector
David E MeadorDirector
David M HempsteadDirector
David SalzmanDirector
Denise J LewisDirector
James C RoumellDirector
James a AndersonDirector
Joy H BaxtDirector
Kolleen T KennedyDirector
Linda BealeDirector
Sandra ColvinDirector
Sandra Hughes ObrienDirector
Sandra T PierceDirector
Yousif GhafariDirector
Frederick J SievertDirector (part Year)
Kim TrentDirector (part Year)
Paul a GlantzDirector (part Year)
Tyrone C FahnerDirector (part Year)
Bryan DadeyAssistant Treasurer
Marianne CunninghamAssistant Treasurer
Rebecca CookeInterim Treasurer-effective 01/2020
William R DecaturTreasurer (part Year)

Highest Paid Contractors

ContractorServicesLocationCompensation
Strategic Investment Management LLC StInvestment Management Services1001 19TH STREET NORTH 16TH FLOOR, Arlington, VA 22209, Ca$1,680,745
Ss&cInvestment Management Services767 FIFTH AVENUE, New York, NY 10153, Uk$385,865
Perella Weinberg PartnersInvestment Management Services-$216,949
Egerton Investment Partners LPInvestment Management Services-$196,835
Revenue and Support

Revenue Composition

Contributions and Grants
$11,126,278
Program Service Revenue
$0
Investment Income
$11,985,231
Other Revenue
$0
Change in Net Assets
$4,313,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,191,168
Other Expenses$3,607,174
Total Fundraising Expense$1,671,597
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$15,191,168--$15,191,168
Fees for Service Investment Mgmnt Fees-$1,935,577-$1,935,577
Other Expenses--$1,671,597$1,671,597
Total Functional Expenses$15,191,168$1,935,577$1,671,597$18,798,342
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wayne State UniversityDetroit, MISection 115Program Support$15,191,168

International Summary

Offices
0
Employees
0
Spending
$69,728,653

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 Caribbean - Antigua & Barbuda, Aruba, Bahamas,Investments-00$69,728,653
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

In accordance with wayne state university foundation's (foundation) by-laws in effect for this fiscal year, wayne state university's board of governors directly appoints two foundation board of director ("board") members, and it indirectly appoints five other board members because the foundation's by-laws indicate that certain wayne state university officers would automatically become foundation board members.

Form 990, Part VI, Section A, Line 7B

In accordance with wayne state university foundation's (foundation) by-laws in effect for this fiscal year, wayne state university's board of governors approves the foundation's endowment fund's annual spending rate.

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

The form 990 is prepared by plante & moran pllc. The form 990 is sent electronically to the wayne state university foundation board of directors. The members are asked to review the return and offered an opportunity to comment. Alternatively the treasurer formally presents, reviews, and discusses at a regularly scheduled board meeting when such board meeting occurs during the filing period. With either approach the process is completed before the return is filed with the irs.

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

Members of the governing body and all committee members are required to annually review and update a conflict of interest statement identifying any situation where a possible conflict of interest may exist between the board or committee member, or members of their immediate family, and a particular nonprofit agency. Administration reviews all conflict of interest statements to determine if an actual conflict of interest exists. If a matter is under consideration by the board or committee in which there is a conflict of interest, the board or committee member shall not vote or use their personal influence on the matter.

Form 990, Part VI, Section C, Line 19

Wayne state university foundation's governing documents and financial information are made available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Wayne State University Foundation
EIN
38-3555142
Phone
3135775580
Address
5700 CASS AVENUE AAB NO 4900, DETROIT, MI 48202

Signing Officer

Name
Rebecca Cooke
Title
Interim Treasurer
Phone
3135775580
Signed
2021-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Cooke
Formed
2000
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
16
Employees
0
Volunteers
20

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Lisa Fort
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in process from prior year.

Financial Statement Notes

PART V, LINE 4:

The organization's endowment funds are used to provide wayne state university's students, faculty, and scientists with the opportunities for learning and discovery that otherwise would not have been financially possible.

Raw XML AppendixShowing 400 of 812 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/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0220908
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt172599
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt248130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt328958
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt438833
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt529162
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt624707
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt723824
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/PersonNm0M ROY WILSON MD MS
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM R DECATUR
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSAN E BURNS
IRS990/Form990PartVIISectionAGrp/PersonNm3REBECCA COOKE
IRS990/Form990PartVIISectionAGrp/PersonNm4BRYAN DADEY
IRS990/Form990PartVIISectionAGrp/PersonNm5MARIANNE CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm6LINDA BEALE
IRS990/Form990PartVIISectionAGrp/PersonNm7NECO T WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW J SIMONCINI
IRS990/Form990PartVIISectionAGrp/PersonNm9SANDRA T PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm10KOLLEEN T KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID E MEADOR
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID M HEMPSTEAD
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID SALZMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14DENISE J LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm15JOY H BAXT
IRS990/Form990PartVIISectionAGrp/PersonNm16JAMES A ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm17JAMES C ROUMELL
IRS990/Form990PartVIISectionAGrp/PersonNm18YOUSIF GHAFARI
IRS990/Form990PartVIISectionAGrp/PersonNm19BRYAN C BARNHILL III
IRS990/Form990PartVIISectionAGrp/PersonNm20SANDRA COLVIN
IRS990/Form990PartVIISectionAGrp/PersonNm21CINDY PASKY
IRS990/Form990PartVIISectionAGrp/PersonNm22MARILYN KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm23TYRONE C FAHNER
IRS990/Form990PartVIISectionAGrp/PersonNm24SANDRA HUGHES OBRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm25PAUL A GLANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm26KIM TRENT
IRS990/Form990PartVIISectionAGrp/PersonNm27FREDERICK J SIEVERT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0636511
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1356712
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2351501
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3311448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4250526
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5218154
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6189045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt786465
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/TitleTxt0UNIVERSITY PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3INTERIM TREASURER-EFFECTIVE 01/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR, CHAIR UNIV. BOARD GOV.
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR (PART YEAR)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt07737192
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt015191168
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt015191168
IRS990/GrantsToDomesticOrgsGrp/TotalAmt015191168
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0166549179
IRS990/GrossReceiptsAmt0181923496
IRS990/GroupExemptionNum05224
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt04285099
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04248039
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-37060
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt079080930
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt078317972
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0315247644
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0338915999
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0158811987
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WAYNE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0399219670
IRS990/NetAssetsOrFundBalancesEOYAmt0420645001
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07737192
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07737192
IRS990/NetUnrelatedBusTxblIncmAmt0-37060
IRS990/NetUnrlzdGainsLossesInvstAmt017112164
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REIMBURSEMENTS TO WSU
IRS990/OtherExpensesGrp/FundraisingAmt01671597
IRS990/OtherExpensesGrp/TotalAmt01671597
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0REBECCA COOKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017513893
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt014023971

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
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
2020Detailed filing. Detailed filing data is available for this year.$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