Civic Intelligence

Saginaw Valley State University Foundation

EIN 38-6085447 • 501(c)3 • University Center, MI

Profile

To generate and cultivate a community of enthusiastic and loyal donors who contribute to the development of a premier university of outstanding students.

7400 Bay RoadUniversity Center, MI 48710-0001

www.svsu.edu/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

9.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

60%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$111,604,599

Up $9,179,669 (+9.0%) from 2023

Liabilities

Down

$144,051

Down $320,113 (-69%) from 2023

Net Assets

Up

$111,460,548

Up $9,499,782 (+9.3%) from 2023

Revenue

Up

$9,072,449

Up $3,391,360 (+60%) from 2023

Expenses

Up

$7,314,057

Up $354,816 (+5.1%) from 2023

Net Income

Up

$1,758,392

Up $3,036,544 (+238%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $51,492,749Liabilities 2011: $509,709Net Assets 2011: $50,983,0402011Assets 2012: $53,085,821Liabilities 2012: $515,808Net Assets 2012: $52,570,0132012Assets 2013: $60,889,682Liabilities 2013: $775,210Net Assets 2013: $60,114,4722013Assets 2014: $76,154,334Liabilities 2014: $1,068,658Net Assets 2014: $75,085,6762014Assets 2015: $76,649,890Liabilities 2015: $1,677,863Net Assets 2015: $74,972,0272015Assets 2016: $74,876,454Liabilities 2016: $968,046Net Assets 2016: $73,908,4082016Assets 2017: $81,710,188Liabilities 2017: $1,561,933Net Assets 2017: $80,148,2552017Assets 2018: $88,938,004Liabilities 2018: $1,730,860Net Assets 2018: $87,207,1442018Assets 2019: $96,635,733Liabilities 2019: $3,250,468Net Assets 2019: $93,385,2652019Assets 2020: $94,804,323Liabilities 2020: $2,005,691Net Assets 2020: $92,798,6322020Assets 2021: $114,678,814Liabilities 2021: $3,000,101Net Assets 2021: $111,678,7132021Assets 2022: $97,264,931Liabilities 2022: $1,942,415Net Assets 2022: $95,322,5162022Assets 2023: $102,424,930Liabilities 2023: $464,164Net Assets 2023: $101,960,7662023Assets 2024: $111,604,599Liabilities 2024: $144,051Net Assets 2024: $111,460,5482024

Highlighted filing

2024

Assets$111,604,599
Liabilities$144,051
Net Assets$111,460,548

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,706,1882011Expenses 2012: $3,502,9032012Revenue 2013: $6,628,733Expenses 2013: $3,975,303Net Income 2013: $2,653,4302013Revenue 2014: $14,323,850Expenses 2014: $4,269,645Net Income 2014: $10,054,2052014Revenue 2015: $6,745,286Expenses 2015: $5,832,139Net Income 2015: $913,1472015Revenue 2016: $8,735,872Expenses 2016: $6,309,819Net Income 2016: $2,426,0532016Revenue 2017: $7,141,349Expenses 2017: $6,504,873Net Income 2017: $636,4762017Revenue 2018: $12,389,629Expenses 2018: $7,757,641Net Income 2018: $4,631,9882018Revenue 2019: $15,766,424Expenses 2019: $8,977,364Net Income 2019: $6,789,0602019Revenue 2020: $8,609,845Expenses 2020: $9,914,656Net Income 2020: -$1,304,8112020Revenue 2021: $17,249,727Expenses 2021: $16,592,108Net Income 2021: $657,6192021Revenue 2022: $18,163,116Expenses 2022: $8,513,329Net Income 2022: $9,649,7872022Revenue 2023: $5,681,089Expenses 2023: $6,959,241Net Income 2023: -$1,278,1522023Revenue 2024: $9,072,449Expenses 2024: $7,314,057Net Income 2024: $1,758,3922024

Highlighted filing

2024

Revenue$9,072,449
Expenses$7,314,057
Net Income$1,758,392

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$0.14$111$9.07$7.31$1.76
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$0.46$102$5.68$6.96$1.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.3$1.94$95.3$18.2$8.51$9.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$3.00$112$17.2$16.6$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.8$2.01$92.8$8.61$9.91$1.30
2019Summary only. Only limited summary data is available for this year.$96.6$3.25$93.4$15.8$8.98$6.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$88.9$1.73$87.2$12.4$7.76$4.63
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$81.7$1.56$80.1$7.14$6.50$0.64
2016Detailed filing. Detailed filing data is available for this year.$74.9$0.97$73.9$8.74$6.31$2.43
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.6$1.68$75.0$6.75$5.83$0.91
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.2$1.07$75.1$14.3$4.27$10.1
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$60.9$0.78$60.1$6.63$3.98$2.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.1$0.52$52.6$3.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.5$0.51$51.0$3.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$17,036,692
Mission and Program Overview

Mission

To generate and cultivate a community of enthusiastic and loyal donors who contribute to the development of a premier university of outstanding students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$73,669,587$78,404,358▲ $4,734,771
Investments Other Securities$19,740,448$21,397,748▲ $1,657,300
Cash and Non-Interest-Bearing Accounts$2,437,458$4,636,621▲ $2,199,163
Accounts Receivable$149,365$1,017,602▲ $868,237
Pledges and Grants Receivable$555,494$229,889▼ $325,605
Total Assets$102,424,930$111,604,599▲ $9,179,669
Other Assets Total$5,872,578$5,918,381▲ $45,803
Liabilities
Accounts Payable and Accrued Expenses$274,995$85,460▼ $189,535
Other Liabilities$189,169$58,591▼ $130,578
Total Liabilities$464,164$144,051▼ $320,113
Net Assets / Fund Balance
Net Assets With Donor Restrictions$90,694,018$99,281,645▲ $8,587,627
Net Assets Without Donor Restrictions$11,266,748$12,178,903▲ $912,155
Total Net Assets Fund Balance$101,960,766$111,460,548▲ $9,499,782
Total Liabilities and Net Assets / Fund Balance$102,424,930$111,604,599▲ $9,179,669

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$11,193--
Other Securities$21,397,748--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$100,445,643$1,858,370▲ $11,031,919$3,333,638$110,002,294
2023$92,339,747$2,617,360▲ $8,688,486$3,199,950$100,445,643
2022$106,849,851$4,498,618▼ $16,086,862$2,921,860$92,339,747
2021$85,389,333$921,270▲ $23,488,582$2,949,334$106,849,851
2020$84,839,680$816,226▲ $2,372,417$2,638,990$85,389,333
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
George Grant JrFirst Vice C-$493,969$493,969
Ellen E CraneInterim ExecFT$243,908$243,908
Mary Anne AckermanSecretary-$79,712$79,712
Revenue and Support

Revenue Composition

Contributions and Grants
$4,564,637
Program Service Revenue
$0
Investment Income
$4,457,054
Other Revenue
$50,758
All Other Contributions
$4,383,583
Change in Net Assets
$1,758,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,870,842
Revenue Not Reported on Financial Statements
$201,607
Revenue Not Reported on Form 990
$7,741,390
Total Revenue per Audited Statements
$16,612,232
Total Revenue per Form 990
$9,072,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,041,120
Other Expenses$1,272,937
Total Fundraising Expense$172,608
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,041,120--$6,041,120
Fees for Service Investment Mgmnt Fees-$201,607-$201,607
Other Expenses-$12,669$172,608$12,669
Total Functional Expenses$6,041,120$1,100,329$172,608$7,314,057

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,314,057
Expenses per Audited Statements$7,112,450
Total Expenses per Audited Statements$7,112,450
Expenses Not Reported on Financial Statements$201,607
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saginaw Valley State UniversityUniversity Center, MI115Support University$6,039,656

International Summary

Spending
$14,305,302

International Compliance

Foreign grant records maintained
No
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 & the CaribbeanInvestment---$14,262,922
North AmericaInvestment---$42,380
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities$58,591
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

There are three groups of board members on the svsu foundation board. One group is appointed by the svsu board of control, one group is appointed due to the nature of their duties at svsu, and the third group is elected by a majority of the directors then in office. All board members have the same voting rights.

Form 990, Page 6, Part VI, Line 11B

A complete copy of form 990 is provided electronically to the board of directors of saginaw valley state university (svsu) foundation prior to submission to the irs. The treasurer reviews the form 990 with the board at their meeting.

Form 990, Page 6, Part VI, Line 12C

Each board member completes and submits a signed copy of the conflict of interest policy annually. Documents are reviewed by the svsu foundation administration for potential areas of conflict.

Form 990, Page 6, Part VI, Line 15A

The svsu foundation does not have any direct employees. All individuals that work with the svsu foundation are employed by saginaw valley state university. The president (ceo)'s salary is approved by the saginaw valley state university board of control. The executive vice president and vice presidents' salaries are approved by the president.

Form 990, Page 6, Part VI, Line 15B

Other officers and key employee salaries are approved by the appropriate executive vice president or vice president and president. The university participates and regularly reviews industry specific compensation surveys to determine reasonableness of salaries.

Form 990, Page 6, Part VI, Line 19

The saginaw valley state university foundation makes governing documents and the conflict of interest policy available to the public upon request. The saginaw valley state university foundation's audited financial statements are included as a discretely presented component unit in the audited financial statements of saginaw valley state university. The audited financial statements for the fiscal years ending june 30, 2014 through june 30, 2024 are available on the website at https://www.svsu.edu/controllersoffice/financialstatements.

Filing and Contact Details

Filer

Filer Name
Saginaw Valley State University
EIN
38-6085447
Phone
9899647132
Address
7400 BAY ROAD, UNIVERSITY CENTER, MI 48710-0001

Signing Officer

Name
Noel G Hornbacher
Title
Treasurer
Phone
9899647132
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noel G Hornbacher
Formed
1963
Legal Domicile
Mi
Voting Board Members
25
Independent Board Members
21
Employees
0
Volunteers
58

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
4295 OKEMOS RD STE 200, OKEMOS, MI 48864-6201
Preparer
Julie M Pfeifle
Phone
5177060800
Supplemental Narrative

Additional Explanations

Form 990

All lines left blank are not applicable to the organization.

Form 990, Part V, Line 4B

CAYMAN ISLANDS

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The saginaw valley state university foundation has 365 different endowments as of june 30, 2024 which fund various scholarships, awards, programs, and endowed chairs at saginaw valley state university.

Raw XML AppendixShowing 400 of 764 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 GENERATE AND CULTIVATE A COMMUNITY OF ENTHUSIASTIC AND LOYAL DONORS WHO CONTRIBUTE TO THE DEVELOPMENT OF A PREMIER UNIVERSITY OF OUTSTANDING STUDENTS.
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IRS990/Desc0TRANSFER TO SAGINAW VALLEY STATE UNIVERSITY TO FUND SCHOLARSHIPS, AWARDS, PROGRAMS, BUILDING PROJECTS, AND ENDOWED CHAIRS: SCHOLARSHIPS 2,454,062 AWARDS 48,655 PROGRAMS 2,603,106 BUILDING PROJECTS 523,296 ENDOWED CHAIRS 410,537
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