Civic Intelligence

Wayne State University Foundation

990 • Fiscal year 2022 • EIN 38-3555142

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

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

(313) 577-5580

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Higher debt load relative to assets than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1B+ nonprofits • Source year 2022

Liabilities / Revenue

3rd percentile

0.00x

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

2022 filings • 501(c)3 • $1B+ nonprofits • Source year 2022

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1B+ nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$794,967

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2022 filings • 501(c)3 • $1B+ nonprofits • Source year 2022

Asset Growth

14th percentile

-12%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

512%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets4th percentile

Assets

Down

$453,355,197

Down $61,745,101 (-12%) from 2021

Net Assets

Down

$452,697,630

Down $61,434,475 (-12%) from 2021

Liabilities

Down

$657,567

Down $310,626 (-32%) from 2021

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin97th percentile

Revenue

Up

$143,332,679

Up $119,904,210 (+512%) from 2021

Expenses

Up

$23,095,067

Up $3,797,718 (+20%) from 2021

Net Income

Up

$120,237,612

Up $116,106,492 (+2811%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

2022

Assets$453,355,197
Liabilities$657,567
Net Assets$452,697,630
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

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

2022

Revenue$143,332,679
Expenses$23,095,067
Net Income$120,237,612
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 31, 2023
Return Version
2021v4.2
Gross Receipts
$1,402,264,256
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$514,132,105$452,697,630▼ $61,434,475
Investments in Publicly Traded Securities$400,890,760$328,113,650▼ $72,777,110
Investments Other Securities$113,718,429$117,626,133▲ $3,907,704
Cash and Non-Interest-Bearing Accounts$-246,517$7,068,246▲ $7,314,763
Accounts Receivable$491,109$547,168▲ $56,059
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$514,853,781$453,355,197▼ $61,498,584
Liabilities
Accounts Payable and Accrued Expenses$721,676$657,567▼ $64,109
Total Liabilities$721,676$657,567▼ $64,109
Net Assets / Fund Balance
Total Net Assets Fund Balance$514,132,105$452,697,630▼ $61,434,475
Total Liabilities and Net Assets / Fund Balance$514,853,781$453,355,197▼ $61,498,584

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$47,325,436--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$514,132,105$28,806,459▼ $67,145,867$4,352,030$452,697,630
2021$420,645,001$13,282,746▲ $99,501,707$1,774,896$514,132,105
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
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Neco T WalkerSecretaryPT$104,805$104,805

Board Members and Trustees

NameTitle
Matthew J SimonciniChair
Susan E BurnsPresident
M Roy Wilson Md MsUniversity President
Angelo VitaleDirector
Bryan C Barnhill IiiDirector
Cindy PaskyDirector
David E MeadorDirector
David M HempsteadDirector
Denise J LewisDirector
Elizabeth GoldsberryDirector
James a AndersonDirector
Joy H BaxtDirector
Kolleen T KennedyDirector
Robert ReavesDirector
Sandra T PierceDirector
Sean WedlowDirector
Susan TelangDirector
Terri Lynn LandDirector
Linda BealeDirector/wsu Law Professor
Marianne CunninghamAssistant Treasurer
Thomas LemarbeAssistant Treasurer (part Year)
Rebecca CookeInterim Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ss&cInvestment Management Services1001 19TH STREET NORTH 16TH FLOOR, Arlington, VA 22209, Ca$695,566
Strategic Investment Management LLC StInvestment Management Services5 STRATTON STREET, LONDON, Uk$335,260
CommonfundInvestment Management Services-$224,306
Revenue and Support

Revenue Composition

Contributions and Grants
$28,806,459
Program Service Revenue
$0
Investment Income
$114,526,220
Other Revenue
$0
Change in Net Assets
$120,237,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,487,905
Other Expenses$5,607,162
Total Fundraising Expense$4,352,030
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,487,905--$17,487,905
Other Expenses--$4,352,030$4,352,030
Fees for Service Investment Mgmnt Fees-$1,255,132-$1,255,132
Total Functional Expenses$17,487,905$1,255,132$4,352,030$23,095,067
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wayne State UniversityDetroit, MISection 115Program Support$17,487,905

International Summary

Offices
0
Employees
0
Spending
$7,960,770

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$7,960,770
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 by-laws in effect for this fiscal year, wayne state university board of governors directly appoints two foundation board of director members, and it indirectly appoints five other board members because the foundation 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 by-laws in effect for this fiscal year, wayne state university board of governors approves the foundation endowment fund 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 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

Organization Details

Principal Officer
David Massaron
Formed
2000
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
16
Employees
0
Volunteers
25

Preparer

Firm
Plante & Moran Pllc
Address
3000 TOWN CENTER SUITE 100, SOUTHFIELD, MI 48075
Preparer
Dori J Eggett
Phone
2483522500
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 737 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/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt18224653
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1928279
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2017480
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2130116
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2252338
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IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID E MEADOR
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID M HEMPSTEAD
IRS990/Form990PartVIISectionAGrp/PersonNm4DENISE J LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm5ELIZABETH GOLDSBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES A ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JOY H BAXT
IRS990/Form990PartVIISectionAGrp/PersonNm8KOLLEEN T KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm9LINDA BEALE
IRS990/Form990PartVIISectionAGrp/PersonNm10MATTHEW J SIMONCINI
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT REAVES
IRS990/Form990PartVIISectionAGrp/PersonNm12SANDRA T PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm13TERRI LYNN LAND
IRS990/Form990PartVIISectionAGrp/PersonNm14ANGELO VITALE
IRS990/Form990PartVIISectionAGrp/PersonNm15SEAN WEDLOW
IRS990/Form990PartVIISectionAGrp/PersonNm16SUSAN TELANG
IRS990/Form990PartVIISectionAGrp/PersonNm17THOMAS LEMARBE
IRS990/Form990PartVIISectionAGrp/PersonNm18M ROY WILSON MD MS
IRS990/Form990PartVIISectionAGrp/PersonNm19MARIANNE CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm20NECO T WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm21REBECCA COOKE
IRS990/Form990PartVIISectionAGrp/PersonNm22SUSAN E BURNS
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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
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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/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9169909
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/ReportableCompFromRltdOrgAmt18570314
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19211298
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2087325
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21437397
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt22306954
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR/WSU LAW PROFESSOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT TREASURER (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt18UNIVERSITY PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21INTERIM TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02000
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0112292451
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt017487905
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt017487905
IRS990/GrantsToDomesticOrgsGrp/TotalAmt017487905
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01371224028
IRS990/GrossReceiptsAmt01402264256
IRS990/GroupExemptionNum05224
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt02185945
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02233769
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt047824
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0113718429
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0117626133
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0400890760
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0328113650
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01258931577
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/NetAssetsOrFundBalancesBOYAmt0514132105
IRS990/NetAssetsOrFundBalancesEOYAmt0452697630
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0112292451
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0112292451
IRS990/NetUnrelatedBusTxblIncmAmt05656
IRS990/NetUnrlzdGainsLossesInvstAmt0-181672087
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REIMBURSEMENTS TO WSU
IRS990/OtherExpensesGrp/FundraisingAmt04352030
IRS990/OtherExpensesGrp/TotalAmt04352030
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID MASSARON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013282746
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016005257
IRS990/PYInvestmentIncomeAmt010145723
IRS990/PYOtherExpensesAmt03292092
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04131120
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt019297349
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023428469
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0120237612
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt028806459
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES, ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING, DEVELOP ITS INVESTMENT STRATEGY, AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2WAYNE STATE UNIVERSITY IS SUPPORTED BY THE FOUNDATION WITH THE PURPOSE TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF THE UNIVERSITY AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE SUPPORT FOR THE UNIVERSITY'S FUNDRAISING AND DEVELOP ITS INVESTMENT STRATEGY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3PURPOSE OF THE FOUNDATION IS TO PROMOTE AND SUPPORT THE MISSION AND INITIATIVES THAT HAVE BEEN RECOMMENDED BY THE PRESIDENT OF WAYNE STATE ("THE UNIVERSITY") AND APPROVED BY ITS BOARD OF GOVERNORS. EXPERIENCED AND INFLUENTIAL INDIVIDUALS SERVE AS DIRECTORS TO GUIDE AND DIRECT THE FOUNDATION'S ACTIVITIES; ARE ASKED TO PROVIDE TO SUPPORT FOR THE UNIVERSITY'S FUNDRAISING; DEVELOP ITS INVESTMENT STRATEGY; AND PROMOTE VOLUNTEERISM IN SUPPORT OF THE UNIVERSITY MISSION.

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Filings

Displayed year

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

Open filing
Assets
$453,355,197
Liabilities
$657,567
Net assets
$452,697,630
Revenue
$143,332,679
Expenses
$23,095,067
Net income
$120,237,612
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
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