Civic Intelligence

Saginaw Valley State University Foundation

990 • Fiscal year 2014 • EIN 38-6085447

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 10, 2014

7400 Bay RoadUniversity Center, MI 48710-0001

(989) 964-7132

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$337,490

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

90th percentile

25%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

116%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$76,154,334

Up $15,264,652 (+25%) from 2013

Net Assets

Up

$75,085,676

Up $14,971,204 (+25%) from 2013

Liabilities

Up

$1,068,658

Up $293,448 (+38%) from 2013

Revenue

Up

$14,323,850

Up $7,695,117 (+116%) from 2013

Expenses

Up

$4,269,645

Up $294,342 (+7.4%) from 2013

Net Income

Up

$10,054,205

Up $7,400,775 (+279%) from 2013

Historical Trend

Balance Sheet Trend

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

$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

2014

Assets$76,154,334
Liabilities$1,068,658
Net Assets$75,085,676

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$14,323,850
Expenses$4,269,645
Net Income$10,054,205
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 10, 2014
Return Version
2013v3.1
Gross Receipts
$16,323,850
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$46,559,818$56,056,869▲ $9,497,051
Investments Other Securities$5,474,255$6,096,852▲ $622,597
Pledges and Grants Receivable$1,995,728$5,781,316▲ $3,785,588
Cash and Non-Interest-Bearing Accounts$1,924,198$2,971,655▲ $1,047,457
Accounts Receivable$235,706$22,621▼ $213,085
Total Assets$60,889,682$76,154,334▲ $15,264,652
Other Assets Total$4,699,977$5,225,021▲ $525,044
Liabilities
Accounts Payable and Accrued Expenses$521,424$749,123▲ $227,699
Other Liabilities$253,786$319,535▲ $65,749
Total Liabilities$775,210$1,068,658▲ $293,448
Net Assets / Fund Balance
Permanently Rstr Net Assets$44,925,257$50,325,284▲ $5,400,027
Temporarily Rstr Net Assets$7,764,551$14,860,040▲ $7,095,489
Unrestricted Net Assets$7,424,664$9,900,352▲ $2,475,688
Total Net Assets Fund Balance$60,114,472$75,085,676▲ $14,971,204
Total Liabilities and Net Assets / Fund Balance$60,889,682$76,154,334▲ $15,264,652

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$92,134--
Other Securities$6,096,852--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$58,931,008$6,081,515▲ $9,663,742$1,899,924$72,713,549
2013$51,867,948$2,050,625▲ $6,612,472$1,514,373$58,931,008
2012$50,184,802$2,729,192▲ $188,117$1,159,146$51,867,948
2011$40,864,693$3,341,730▲ $7,393,993$1,333,791$50,184,802
2010$36,433,383$1,485,214▲ $3,982,404$955,095$40,864,693
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Eric R GilbertsonFormer FirstPT$337,490$337,490
Donald J BachandFirst Vice C-$240,304$240,304
Andrew J BethuneExec. DirectFT$160,887$160,887
Michael WatsonDirector-$149,669$149,669
Eldon L GrahamDirector-$26,062$26,062
Dominic MonastiereDirector-$16,731$16,731
Andrew D RichardsDirector-$2,800$2,800
Revenue and Support

Revenue Composition

Contributions and Grants
$9,034,347
Program Service Revenue
$0
Investment Income
$4,412,045
Other Revenue
$877,458
All Other Contributions
$7,800,071
Change in Net Assets
$10,054,205

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded17$237,082Fair Market Value (FMV) at Time of Gift
Total Noncash Contributions17$237,082-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,323,850
Revenue Not Reported on Form 990
$4,916,999
Total Revenue per Audited Statements
$19,240,849
Total Revenue per Form 990
$14,323,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,145,082
Other Expenses$1,124,563
Total Fundraising Expense$52,520
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,087,825--$3,087,825
Fees for Service Investment Mgmnt Fees-$136,082-$136,082
Grants to Domestic Individuals$57,257--$57,257
Other Expenses$5,535$105,488$52,520$5,535
Total Functional Expenses$3,150,617$1,066,508$52,520$4,269,645

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,269,645
Total Expenses per Audited Statements$4,269,645
Total Expenses per Form 990$4,269,645
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-1798800-115Support University$3,087,825
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$319,535
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 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
No
Management duties delegated
No

Governance Explanations

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), executive vice president and vice president's salaries are approved by the saginaw valley state university board of control.

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, 2002 through june 30, 2014 are available on the website at http://www.svsu.edu/controllersoffice/financialstatements.

Filing and Contact Details

Filer

EIN
38-6085447
Phone
9899647132

Signing Officer

Name
James G Muladore
Title
Treasurer
Phone
9899647132
Signed
2014-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James G Muladore
Formed
1963
Legal Domicile
Mi
Voting Board Members
33
Independent Board Members
26
Employees
0
Volunteers
183

Preparer

Preparer
Laura M Ebel
Phone
9894975300
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 300 different endowments as of june 30, 2014 which fund various scholarships, awards, programs, and endowed chairs at saginaw valley state university.

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IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW J BETHUNE
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IRS990/Form990PartVIISectionAGrp/PersonNm7DOMINIC MONASTIERE
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IRS990/Form990PartVIISectionAGrp/PersonNm28JULIE A STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm29JOHN KESSLER
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IRS990/Form990PartVIISectionAGrp/PersonNm35LORI J JURGENS
IRS990/Form990PartVIISectionAGrp/PersonNm36LUCY HORAK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER FIRST
IRS990/Form990PartVIISectionAGrp/TitleTxt1FIRST VICE C
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXEC. DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECOND VC
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
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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.$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
2014Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $50M-$100M nonprofits