Civic Intelligence

Ferris Foundation

990 • Fiscal year 2023 • EIN 38-6115813

Jul 01, 2022 to Jun 30, 2023 • Filed on May 06, 2024

420 Oak Street Prakken 101Big Rapids, MI 49307-2031

(231) 591-2365

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.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.02x

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

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$284,905

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

44th percentile

4.4%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$123,419,079

Up $5,230,399 (+4.4%) from 2022

Net Assets

Up

$123,288,053

Up $5,246,358 (+4.4%) from 2022

Liabilities

Down

$131,026

Down $15,959 (-11%) from 2022

Revenue

Down

$8,366,973

Down $4,626,706 (-36%) from 2022

Expenses

Down

$7,184,957

Down $791,012 (-9.9%) from 2022

Net Income

Down

$1,182,016

Down $3,835,694 (-76%) from 2022

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $29,818,320Liabilities 2010: $92,403Net Assets 2010: $29,725,9172010Assets 2011: $37,770,981Liabilities 2011: $90,386Net Assets 2011: $37,680,5952011Assets 2012: $36,275,137Liabilities 2012: $101,451Net Assets 2012: $36,173,6862012Assets 2013: $41,504,406Liabilities 2013: $115,996Net Assets 2013: $41,388,4102013Assets 2014: $47,798,031Liabilities 2014: $113,890Net Assets 2014: $47,684,1412014Assets 2015: $55,668,221Liabilities 2015: $268,457Net Assets 2015: $55,399,7642015Assets 2016: $70,484,999Liabilities 2016: $125,762Net Assets 2016: $70,359,2372016Assets 2017: $78,193,417Liabilities 2017: $429,289Net Assets 2017: $77,764,1282017Assets 2018: $82,189,253Liabilities 2018: $177,931Net Assets 2018: $82,011,3222018Assets 2019: $92,821,029Liabilities 2019: $249,542Net Assets 2019: $92,571,4872019Assets 2020: $92,201,355Liabilities 2020: $112,869Net Assets 2020: $92,088,4862020Assets 2021: $122,659,828Liabilities 2021: $127,141Net Assets 2021: $122,532,6872021Assets 2022: $118,188,680Liabilities 2022: $146,985Net Assets 2022: $118,041,6952022Assets 2023: $123,419,079Liabilities 2023: $131,026Net Assets 2023: $123,288,0532023

Highlighted filing

2023

Assets$123,419,079
Liabilities$131,026
Net Assets$123,288,053

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $1,470,2092010Expenses 2011: $1,301,5872011Expenses 2012: $1,249,4502012Revenue 2013: $3,218,118Expenses 2013: $1,449,177Net Income 2013: $1,768,9412013Revenue 2014: $4,305,593Expenses 2014: $1,411,271Net Income 2014: $2,894,3222014Revenue 2015: $15,206,352Expenses 2015: $4,079,202Net Income 2015: $11,127,1502015Revenue 2016: $23,142,815Expenses 2016: $5,946,984Net Income 2016: $17,195,8312016Revenue 2017: $8,819,551Expenses 2017: $6,636,924Net Income 2017: $2,182,6272017Revenue 2018: $15,321,492Expenses 2018: $6,424,894Net Income 2018: $8,896,5982018Revenue 2019: $14,881,111Expenses 2019: $5,530,863Net Income 2019: $9,350,2482019Revenue 2020: $6,412,725Expenses 2020: $5,646,461Net Income 2020: $766,2642020Revenue 2021: $10,707,698Expenses 2021: $6,265,034Net Income 2021: $4,442,6642021Revenue 2022: $12,993,679Expenses 2022: $7,975,969Net Income 2022: $5,017,7102022Revenue 2023: $8,366,973Expenses 2023: $7,184,957Net Income 2023: $1,182,0162023

Highlighted filing

2023

Revenue$8,366,973
Expenses$7,184,957
Net Income$1,182,016
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 6, 2024
Return Version
2022v5.0
Gross Receipts
$13,773,684
Mission and Program Overview

Mission

The foundation was established to advance the mission and goals of ferris state university by generating and managing private support for the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$99,940,698$100,525,103▲ $584,405
Investments in Publicly Traded Securities$11,646,675$15,513,199▲ $3,866,524
Savings and Temporary Cash Investments$3,342,991$3,938,415▲ $595,424
Pledges and Grants Receivable$2,744,410$2,880,212▲ $135,802
Cash and Non-Interest-Bearing Accounts$513,906$562,150▲ $48,244
Total Assets$118,188,680$123,419,079▲ $5,230,399
Liabilities
Other Liabilities$96,108$86,596▼ $9,512
Accounts Payable and Accrued Expenses$50,877$44,430▼ $6,447
Total Liabilities$146,985$131,026▼ $15,959
Net Assets / Fund Balance
Net Assets With Donor Restrictions$93,209,161$99,860,130▲ $6,650,969
Net Assets Without Donor Restrictions$24,832,534$23,427,923▼ $1,404,611
Total Net Assets Fund Balance$118,041,695$123,288,053▲ $5,246,358
Total Liabilities and Net Assets / Fund Balance$118,188,680$123,419,079▲ $5,230,399

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$6,510,212--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$113,015,293$4,768,161▲ $6,436,869-$119,719,300
2022$116,055,893$4,760,965▼ $3,614,331-$113,015,293
2021$87,265,749$2,455,316▼ $3,321,070-$116,055,893
2020$88,049,377$1,626,046▼ $2,760,932-$87,265,749
2019$78,749,337$8,589,273▼ $2,713,452-$88,049,377
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tim MurphyChair
Arlen-dean GaddyChair Elect
Kurt HofmanImmediate Past-chair
Dr Bill PinkPresident, Ferris State University
Andrew KalinowskiBoard Member
Barbara BendaBoard Member
Christine VisnerBoard Member
Denise GravesBoard Member
Dr Alton SmithBoard Member
Dr Dana KingBoard Member
Dr Davd PilgrimBoard Member
Dr Jean K ElderBoard Member
Dr John Engelman IiBoard Member
Dr Thomas P SchollerBoard Member
Gary GrangerBoard Member
Howard C StrossBoard Member
Jack RobertsBoard Member
Jenifer CutterBoard Member
Kenneth BaileyBoard Member
Kevin CrossBoard Member
Kevin SimonBoard Member
Matthew BissettBoard Member
Matthew NawrockiBoard Member
Paul DoyleBoard Member
Richard ShawBoard Member
Russell VisnerBoard Member
Susan JonesBoard Member
Terry StewartBoard Member
Jennifer ShawExecutive Director
Robert MurrayExecutive Director
Emily HancockSecretary
Jim BachmeierTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,917,082
Program Service Revenue
$0
Investment Income
$2,575,929
Other Revenue
$-126,038
All Other Contributions
$5,718,134
Change in Net Assets
$1,182,016

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table25$579,229Fair Market Value
Other Non Cash Contri Table25$105,418Fair Market Value
Clothing and Household Goods-$38,676Fair Market Value
Cars and Other Vehicles1$10,100Fair Market Value
Total Noncash Contributions51$733,423-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,495,995
Revenue Not Reported on Financial Statements
$-129,022
Revenue Not Reported on Form 990
$5,138,502
Other Revenue Adjustments
$-129,022
Total Revenue per Audited Statements
$13,634,497
Total Revenue per Form 990
$8,366,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,599,973
Other Expenses$584,984
Total Fundraising Expense$136,515
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,599,973--$6,599,973
Fees for Services Other-$335,720$136,515$472,235
Travel-$18,333-$18,333
Advertising-$13,237-$13,237
Information Technology-$10,629-$10,629
Insurance-$9,931-$9,931
Fees for Services Accounting-$6,000-$6,000
Office Expenses-$3,501-$3,501
Other Expenses-$256-$256
Total Functional Expenses$6,599,973$448,469$136,515$7,184,957

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,583,442
Expenses per Audited Statements$7,184,957
Total Expenses per Form 990$7,184,957
Expenses Not Reported on Form 990$1,398,485
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ferris State UniversityBig Rapdis, MI115Support University$5,626,641

International Summary

Offices
0
Employees
0
Spending
$13,987,640

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 CaribbeanInvestments-00$13,987,640
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$129,022
Fundraising Gross Income$2,984
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala for Gr Emp$60,576$1,650$2,522$-872
Foundation Gala$141,356$1,334$47,720$-46,386
Total Events$201,932$2,984$129,022$-126,038
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Liability$86,596
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
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, Part VI, Section B, Line 11B

The foundation board audit committee was provided a pdf of the form 990 to review via email before it was submitted, and it has been shared as an informational item with the full board.

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

All directors, honorary life members and committee members, and employees of the ferris foundation are to complete a conflict of interest questionnaire annually. Directors or members with a potential conflict of interest are to give full factual disclosure to the board of directors. Such directors or members shall absent themselves during the review of the matter by the board of directors and its voting on the matter, which would be reflected in the meeting minutes.

Form 990, Part VI, Section B, Line 15

The board of directors volunteer their time to the ferris foundation. Five of the directors work for and receive compensation from a related entity (ferris state university). The university board of trustees negotiates with the president on his contract. Employee wages are set by the president with consultation of the board if appropriate. Comparability data is used when setting wages for key employees. The most recent year this process was undertaken was fiscal year 2022.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation the bylaws, form 990 tax return, and financial statements are made available on the foundation website. Other documents, including the conflict of interest policy, articles of incorporation, and irs determination letter, are available upon request through the foundation office.

Form 990, Part VI - Additional Information

All lines left blank are not applicable to the organization.

Filing and Contact Details

Filer

Filer Name
Ferris Foundation
EIN
38-6115813
Phone
2315912365
Address
420 OAK STREET PRAKKEN 101, BIG RAPIDS, MI 49307-2031

Signing Officer

Name
Amanda Matheson
Title
Treasurer
Phone
2315912365
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Shaw
Formed
1991
Legal Domicile
Mi
Voting Board Members
30
Independent Board Members
26
Employees
0
Volunteers
26

Preparer

Firm
Plante & Moran Pllc
Address
8181 E TUFTS AVE SUITE 600, DENVER, CO 80237
Preparer
Dori J Eggett
Phone
3037409400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in split-interest agreement -5,797. Net transfer from ferris state university 195,305.

Financial Statement Notes

PART V, LINE 4:

To advance the mission and goals of ferris state univeristy.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in split-interest agreement -5,795.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising exp - reclass to revenue -129,022.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising exp - reclass to revenue 129,021.

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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/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd27X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd29X
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/OtherCompensationAmt038601
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt647979
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt739882
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt835266
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/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3027431
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3144059
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER SHAW
IRS990/Form990PartVIISectionAGrp/PersonNm2ARLEN-DEAN GADDY
IRS990/Form990PartVIISectionAGrp/PersonNm3EMILY HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm4KURT HOFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm6DR DAVD PILGRIM
IRS990/Form990PartVIISectionAGrp/PersonNm7SUSAN JONES
IRS990/Form990PartVIISectionAGrp/PersonNm8BARBARA BENDA
IRS990/Form990PartVIISectionAGrp/PersonNm9RUSSELL VISNER
IRS990/Form990PartVIISectionAGrp/PersonNm10DR ALTON SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm11GARY GRANGER
IRS990/Form990PartVIISectionAGrp/PersonNm12JACK ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm13HOWARD C STROSS
IRS990/Form990PartVIISectionAGrp/PersonNm14CHRISTINE VISNER
IRS990/Form990PartVIISectionAGrp/PersonNm15MATTHEW NAWROCKI
IRS990/Form990PartVIISectionAGrp/PersonNm16DR JOHN ENGELMAN II
IRS990/Form990PartVIISectionAGrp/PersonNm17DR THOMAS P SCHOLLER
IRS990/Form990PartVIISectionAGrp/PersonNm18KEVIN SIMON
IRS990/Form990PartVIISectionAGrp/PersonNm19DR JEAN K ELDER
IRS990/Form990PartVIISectionAGrp/PersonNm20KEVIN CROSS
IRS990/Form990PartVIISectionAGrp/PersonNm21MATTHEW BISSETT
IRS990/Form990PartVIISectionAGrp/PersonNm22PAUL DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm23DENISE GRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm24DR DANA KING
IRS990/Form990PartVIISectionAGrp/PersonNm25JENIFER CUTTER
IRS990/Form990PartVIISectionAGrp/PersonNm26ANDREW KALINOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm27RICHARD SHAW
IRS990/Form990PartVIISectionAGrp/PersonNm28KENNETH BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm29TERRY STEWART
IRS990/Form990PartVIISectionAGrp/PersonNm30DR BILL PINK
IRS990/Form990PartVIISectionAGrp/PersonNm31JIM BACHMEIER
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/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0148563
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6236926
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7171311
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8119178
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/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30249533
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt31227000
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4IMMEDIATE PAST-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt30PRESIDENT, FERRIS STATE UNIVERSITY
IRS990/Form990PartVIISectionAGrp/TitleTxt31TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0198948
IRS990/FundraisingDirectExpensesAmt0129022
IRS990/FundraisingGrossIncomeAmt02984
IRS990/GainOrLossGrp/SecuritiesAmt01027737
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GrantAmt06599973
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06599973
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06599973
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06305426
IRS990/GrossReceiptsAmt013773684
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010629
IRS990/InformationTechnologyGrp/TotalAmt010629
IRS990/InsuranceGrp/ManagementAndGeneralAmt09931
IRS990/InsuranceGrp/TotalAmt09931
IRS990/InvestmentIncomeGrp/ExclusionAmt01540051
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01548192
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt08141
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt099940698
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0100525103
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011646675
IRS990/InvestmentsPubTradedSecGrp/EOYAmt015513199
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05277689
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0118041695
IRS990/NetAssetsOrFundBalancesEOYAmt0123288053
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01027737
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01027737
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-126038
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-126038

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023Detailed filing. Detailed filing data is available for this year.$123$0.13$123$8.37$7.18$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$0.15$118$13.0$7.98$5.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$0.13$123$10.7$6.27$4.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.2$0.11$92.1$6.41$5.65$0.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.8$0.25$92.6$14.9$5.53$9.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.2$0.18$82.0$15.3$6.42$8.90
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$78.2$0.43$77.8$8.82$6.64$2.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.5$0.13$70.4$23.1$5.95$17.2
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.7$0.27$55.4$15.2$4.08$11.1
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.8$0.11$47.7$4.31$1.41$2.89
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$41.5$0.12$41.4$3.22$1.45$1.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.3$0.10$36.2$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$0.09$37.7$1.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.09$29.7$1.47