Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Arizona State University Foundation for a New
EIN 86-6051042 • 501(c)3 • Tempe, AZ
Profile
To ensure the success of Arizona State University as a new American university.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.25x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
17th percentile
Higher top officer pay than 17% of similar nonprofits.
Top officer pay equals 0.2% of source-year revenue.
Asset Growth
76th percentile
Faster asset growth than 76% of similar nonprofits.
Revenue Growth
92nd percentile
Faster revenue growth than 92% of similar nonprofits.
Balance Sheet
Assets
Up$1,879,923,397
Up $166,327,235 (+9.7%) from 2022
Liabilities
Up$496,619,421
Up $36,854,759 (+8.0%) from 2022
Net Assets
Up$1,383,303,976
Up $129,472,476 (+10%) from 2022
Revenue
Up$299,319,127
Up $3,844,931 (+1.3%) from 2022
Expenses
Up$173,459,672
Up $1,370,640 (+0.8%) from 2022
Net Income
Up$125,859,455
Up $2,474,291 (+2.0%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990Summary only. Only limited summary data is available for this year.
- Assets
- $1,879,923,397
- Liabilities
- $496,619,421
- Net assets
- $1,383,303,976
- Revenue
- $299,319,127
- Expenses
- $173,459,672
- Net income
- $125,859,455
Latest Detailed Filing
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2017 to Jun 30, 2018
- Signed
- Nov 15, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $799,997,481
Mission and Program Overview
Mission
The asu foundation for a new american university is a private, nonprofit organization that raises and manages private contributions to support the work of arizona state university.
To advance, through philanthropy, the success of Arizona State University as A New American University.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $423,002,893 | $467,664,284 | ▲ $44,661,391 |
| Investments Other Securities | $351,274,376 | $371,991,273 | ▲ $20,716,897 |
| Pledges and Grants Receivable | $137,596,808 | $156,336,595 | ▲ $18,739,787 |
| Cash and Non-Interest-Bearing Accounts | $1,866,291 | $2,093,079 | ▲ $226,788 |
| Land, Buildings, and Equipment, Net | $848,837 | $688,185 | ▼ $160,652 |
| Savings and Temporary Cash Investments | $774,741 | $469,462 | ▼ $305,279 |
| Accounts Receivable | $254,365 | $313,654 | ▲ $59,289 |
| Prepaid Expenses and Deferred Charges | $136,966 | $106,923 | ▼ $30,043 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $925,986,632 | $1,008,888,331 | ▲ $82,901,699 |
| Other Assets Total | $10,231,355 | $9,224,876 | ▼ $1,006,479 |
| Liabilities | |||
| Escrow Account Liability | $165,117,200 | $166,490,065 | ▲ $1,372,865 |
| Other Liabilities | $3,372,440 | $3,209,187 | ▼ $163,253 |
| Accounts Payable and Accrued Expenses | $3,510,950 | $1,947,948 | ▼ $1,563,002 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $172,000,590 | $171,647,200 | ▼ $353,390 |
| Net Assets / Fund Balance | |||
| Permanently Rstr Net Assets | $450,073,605 | $483,902,689 | ▲ $33,829,084 |
| Temporarily Rstr Net Assets | $309,396,116 | $355,413,221 | ▲ $46,017,105 |
| Unrestricted Net Assets | $-5,483,679 | $-2,074,779 | ▲ $3,408,900 |
| Total Net Assets Fund Balance | $753,986,042 | $837,241,131 | ▲ $83,255,089 |
| Total Liabilities and Net Assets / Fund Balance | $925,986,632 | $1,008,888,331 | ▲ $82,901,699 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $8,707 | $4,141,663 | $4,150,370 |
| Buildings | $0 | $0 | $0 |
| Land | $679,478 | - | - |
| Other Securities | $45,585 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2017 | $507,898,539 | $41,658,678 | ▲ $27,764,034 | $25,537,334 | $553,203,978 |
| 2016 | $473,400,027 | $16,925,057 | ▲ $50,438,811 | $21,855,269 | $507,898,539 |
| 2015 | $502,048,855 | $14,088,297 | ▼ $18,851,821 | $17,472,861 | $473,400,027 |
| 2014 | $489,045,695 | $29,576,062 | ▲ $5,637,603 | $16,477,278 | $502,048,855 |
| 2013 | $435,282,924 | $14,310,742 | ▲ $62,628,143 | $15,643,818 | $489,045,695 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Gretchen Buhlig | CEO from 7/1/2017 | FT | $301,516 | $50,183 | $351,699 |