WAYNE STATE UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WAYNE STATE UNIVERSITY (EIN 38-3555142)
- Tax period
- 2022-10-01 to 2023-09-30
- Filed
- 2024-08-13
- IRS object ID
- 202402269349301040
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-13T12:08:03-05:00 | ReturnTs |
| Tax Period End | 2023-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 TOWN CENTER SUITE 100 | AddressLine1Txt |
| City | SOUTHFIELD | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48075 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383555142 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WAYN | BusinessNameControlTxt |
| Phone | 3135775580 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 CASS AVENUE AAB 4602 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48202 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETHANY GIELCZYK | PersonNm |
| Person Title | INTERIM SR VP BUSN AFFAIRS, CFO | PersonTitleTxt |
| Phone | 3135775580 | PhoneNum |
| Signature | 2024-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
| Form8822 B Attached | Yes (X) | Form8822BAttachedInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DORI J EGGETT | PreparerPersonNm |
| PTIN | P00645252 | PTIN |
| Phone | 2483522500 | PhoneNum |
| Preparation | 2024-08-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | BETHANY GIELCZYK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 CASS AVENUE AAB 4602 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,195,234,225 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Group Exemption | 5224 | GroupExemptionNum |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://PIVOTALMOMENTS.WAYNE.EDU/ABOUT/FOUNDATION | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2000 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 24 | TotalVolunteersCnt |
| Total Gross UBI | -$185,778 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $28,806,459 | PYContributionsGrantsAmt |
| CY Contributions Grants | $18,677,275 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $114,526,220 | PYInvestmentIncomeAmt |
| CY Investment Income | -$9,341,525 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $143,332,679 | PYTotalRevenueAmt |
| CY Total Revenue | $9,335,750 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $17,487,905 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,747,036 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,653,652 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,607,162 | PYOtherExpensesAmt |
| CY Other Expenses | $5,434,051 | CYOtherExpensesAmt |
| PY Total Expenses | $23,095,067 | PYTotalExpensesAmt |
| CY Total Expenses | $24,181,087 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $120,237,612 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$14,845,337 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $453,355,197 | TotalAssetsBOYAmt |
| Total Assets EOY | $504,174,175 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $657,567 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $224,835 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $452,697,630 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $503,949,340 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $18,747,036 | ExpenseAmt |
| Grant | $18,747,036 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATIONS AND OBJECTIVES OF WAYNE STATE UNIVERSITY | Desc |
| Total Program Service Expenses | $18,747,036 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BETHANY GIELCZYK INTERIM SR VP BUS | PersonNm |
| Phone | 3135775580 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 CASS AVENUE SUITE 4602 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48202 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| MATTHEW J SIMONCINI | ||||||||
| CHAIR | 1.00 | 39.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANGELO VITALE | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| BRYAN C BARNHILL III | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| CINDY PASKY | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID E MEADOR | ||||||||
| DIRECTOR (PART YEAR) | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID M HEMPSTEAD | ||||||||
| DIRECTOR (PART YEAR) | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| DENISE J LEWIS | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH GOLDSBERRY | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES A ANDERSON | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| JOY H BAXT | ||||||||
| DIRECTOR (PART YEAR) | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| KOLLEEN T KENNEDY | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| LINDA BEALE | ||||||||
| DIRECTOR/WSU LAW PROFESSOR | 1.00 | 39.00 | Yes (X) | $0 | $168,391 | $16,841 | ||
| ROBERT REAVES | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| SANDRA T PIERCE | ||||||||
| DIRECTOR (PART YEAR) | 1.00 | 25.00 | Yes (X) | $0 | $0 | $0 | ||
| SEAN WEDLOW | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN TELANG | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRI LYNN LAND | ||||||||
| DIRECTOR | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| KIMBERLY ANDREWS ESPY | ||||||||
| DIRECTOR/UNIVERSITY PRESIDENT | 15.00 | 25.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID RIPPLE | ||||||||
| DIRECTOR/FOUNDATION PRESIDENT | 15.00 | 25.00 | Yes (X) | $0 | $0 | $0 | ||
| TOSHA PADGETT BROWN | ||||||||
| DIRECTOR/PRESIDENT WSU ALUMNI ASSOCIATION | 1.00 | 39.00 | Yes (X) | $0 | $0 | $0 | ||
| M ROY WILSON MD MS | ||||||||
| UNIVERSITY PRESIDENT (PART YEAR) | 15.00 | 25.00 | Yes (X) | $0 | $697,465 | $222,383 | ||
| SUSAN E BURNS | ||||||||
| PRESIDENT (PART YEAR) | 15.00 | 25.00 | Yes (X) | $0 | $331,686 | $54,487 | ||
| DAVID MASSARON | ||||||||
| SR VP, CFO & TREASURER | 15.00 | 25.00 | Yes (X) | $0 | $347,977 | $31,630 | ||
| THOMAS LEMARBE | ||||||||
| ASSISTANT TREASURER | 15.00 | 25.00 | Yes (X) | $0 | $100,786 | $13,911 | ||
| NECO T WALKER | ||||||||
| SECRETARY | 15.00 | 25.00 | Yes (X) | $0 | $87,886 | $11,555 | ||
| BETHANY GIELCZYK | ||||||||
| SR ASSOC VP & DEPUTY CFO | 15.00 | 25.00 | Yes (X) | $0 | $36,215 | $3,636 | ||
| ALANA ASKEW | ||||||||
| ASST VP TREASURY | 15.00 | 25.00 | Yes (X) | $0 | $0 | $0 | ||
| MARIANNE CUNNINGHAM | ||||||||
| ASSISTANT TREASURER (FORMER) | 15.00 | 25.00 | $0 | $174,201 | $4,944 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,944,607 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $359,387 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd | ServicesServicesDesc | CompensationCompensationAmt | CityContractorAddress/ForeignAddress/CityNm |
|---|---|---|---|---|---|---|
| COMMONFUND | ||||||
| 5 STRATTON STREET | LONDON | UK | W1H 8LA | INVESTMENT MANAGEMENT SERVICES | $405,000 | |
| SS&C | ||||||
| 1 ROBERT SPECK PARKWAY SUITE 1400 | ONTARIO | CA | L4Z 3M3 | INVESTMENT MANAGEMENT SERVICES | $375,000 | MISSISSAUGA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $18,677,275 | RelatedOrganizationsAmt |
| Total Contributions | $18,677,275 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,757,730 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$185,778 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,943,508 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,174,799,220 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,185,898,475 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$11,099,255 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,099,255 | TotalRevenueColumnAmt |
| Exclusion | -$11,099,255 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,335,750 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$185,778 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$9,155,747 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,747,036 | TotalAmt |
| Program Services | $18,747,036 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $780,399 | TotalAmt |
| Management And General | $780,399 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REIMBURSEMENTS TO WSU | Desc |
| Total | $4,653,652 | TotalAmt |
| Fundraising | $4,653,652 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,181,087 | TotalAmt |
| Program Services | $18,747,036 | ProgramServicesAmt |
| Management And General | $780,399 | ManagementAndGeneralAmt |
| Fundraising | $4,653,652 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,068,246 | BOYAmt |
| EOY | $2,858,276 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $547,168 | BOYAmt |
| EOY | $334,675 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $328,113,650 | BOYAmt |
| EOY | $361,708,444 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,626,133 | BOYAmt |
| EOY | $139,272,780 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,355,197 | BOYAmt |
| EOY | $504,174,175 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,567 | BOYAmt |
| EOY | $224,835 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $657,567 | BOYAmt |
| EOY | $224,835 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,697,630 | BOYAmt |
| EOY | $503,949,340 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,697,630 | BOYAmt |
| EOY | $503,949,340 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,355,197 | BOYAmt |
| EOY | $504,174,175 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$14,845,337 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $66,097,047 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 386028429 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $18,747,036 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $18,747,036 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION D, LINE 3 | THE 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. |
| PART IV, SECTION E, LINE 1C | THE 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. |
| PART IV SECTION E LINE 2A | WAYNE 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. |
| PART IV SECTION E LINE 2B | 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. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $452,697,630 | BeginningYearBalanceAmt |
| Contributions | $18,677,275 | ContributionsAmt |
| Investment Earnings Or Losses | $56,755,522 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $18,747,036 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,653,652 | OtherExpendituresAmt |
| Administrative Expenses | $780,399 | AdministrativeExpensesAmt |
| End Year Balance | $503,949,340 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $514,132,105 | BeginningYearBalanceAmt |
| Contributions | $28,806,459 | ContributionsAmt |
| Investment Earnings Or Losses | -$67,145,867 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $17,487,905 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,352,030 | OtherExpendituresAmt |
| Administrative Expenses | $1,255,132 | AdministrativeExpensesAmt |
| End Year Balance | $452,697,630 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $420,645,001 | BeginningYearBalanceAmt |
| Contributions | $13,282,746 | ContributionsAmt |
| Investment Earnings Or Losses | $99,501,707 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $16,005,257 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,774,896 | OtherExpendituresAmt |
| Administrative Expenses | $1,517,196 | AdministrativeExpensesAmt |
| End Year Balance | $514,132,105 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $399,219,670 | BeginningYearBalanceAmt |
| Contributions | $11,126,278 | ContributionsAmt |
| Investment Earnings Or Losses | $29,097,395 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $15,191,168 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,671,597 | OtherExpendituresAmt |
| Administrative Expenses | $1,935,577 | AdministrativeExpensesAmt |
| End Year Balance | $420,645,001 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $391,654,353 | BeginningYearBalanceAmt |
| Contributions | $17,513,893 | ContributionsAmt |
| Investment Earnings Or Losses | $7,998,437 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $14,023,971 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,557,359 | OtherExpendituresAmt |
| Administrative Expenses | $2,365,684 | AdministrativeExpensesAmt |
| End Year Balance | $399,219,670 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.55890 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.44110 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (1) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (1) | RelatedOrgListSchRInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVES | $33,565,742 | F |
| REAL ASSETS | $53,604,991 | F |
| OPPORTUNISTIC | $52,102,047 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $139,272,780 | TotalBookValueSecuritiesAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART V, LINE 4: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $59,780,134 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $59,780,134 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $59,780,134 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 CASS AVENUE AAB SUITE 4900 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 386028429 | RecipientEIN |
| IRC Section | SECTION 115 | IRCSectionDesc |
| Cash Grant | $18,747,036 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | PROGRAM SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | WAYNE STATE UNIVERSITY FOUNDATION DOES NOT ADMINISTER THE DISBURSEMENT OF FUNDS TO THIRD PARTIES. THE FUNDS ARE TRANSFERRED TO WAYNE STATE UNIVERSITY, WHOSE STAFF ADMINISTERS THE FUNDS TO THIRD PARTIES WITH INTERNAL DOCUMENTS TO ENSURE THAT DONOR INTENT AND CRITERIA HAVE BEEN MET. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M ROY WILSON MD MS | ||||||||||||||
| UNIVERSITY PRESIDENT (PART YEAR) | $0 | $661,150 | $0 | $35,000 | $0 | $1,315 | $0 | $204,150 | $0 | $18,233 | $0 | $919,848 | $0 | $0 |
| SUSAN E BURNS | ||||||||||||||
| PRESIDENT (PART YEAR) | $0 | $313,469 | $0 | $7,867 | $0 | $10,350 | $0 | $30,500 | $0 | $23,987 | $0 | $386,173 | $0 | $0 |
| DAVID MASSARON | ||||||||||||||
| SR VP, CFO & TREASURER | $0 | $338,697 | $0 | $8,500 | $0 | $780 | $0 | $30,500 | $0 | $1,130 | $0 | $379,607 | $0 | $0 |
| LINDA BEALE | ||||||||||||||
| DIRECTOR/WSU LAW PROFESSOR | $0 | $168,391 | $0 | $0 | $0 | $0 | $0 | $16,841 | $0 | $0 | $0 | $185,232 | $0 | $0 |
| MARIANNE CUNNINGHAM | ||||||||||||||
| ASSISTANT TREASURER (FORMER) | $0 | $133,304 | $0 | $0 | $0 | $40,897 | $0 | $860 | $0 | $4,084 | $0 | $179,145 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 3 | THE ORGANIZATION'S PRESIDENT IS ALSO A VICE PRESIDENT OF THE RELATED ORGANIZATION, WAYNE STATE UNIVERSITY. THE ORGANIZATION'S PRESIDENT RECEIVES COMPENSATION FROM THE RELATED ORGANIZATION, BUT NOT FROM THE ORGANIZATION. THE COMPENSATION IS ESTABLISHED BY THE RELATED ORGANIZATION, SUBJECT TO APPROVAL BY THAT ORGANIZATION'S GOVERNING BODY, THE WAYNE STATE UNIVERSITY BOARD OF GOVERNORS. |
| PART I, LINE 4B | WAYNE STATE UNIVERSITY PARTICIPATES IN A NON-QUALIFIED RETIREMENT PLAN. THE UNIVERSITY CONTRIBUTED $150,000 ON BEHALF OF M. ROY WILSON AND $15,000 ON BEHALF OF DAVID MASSARON. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN PROCESS FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5700 CASS AVENUE AAB SUITE 4602 | AddressLine1Txt |
| City | DETROIT | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 386028429 | EIN |
| Primary Activities | PUBLIC HIGHER EDUCATION | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 115 | ExemptCodeSectionTxt |
| Public Charity Status | N/A | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NONE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments