2024-11-14T15:52:06-06:00 2024-06-30 381357951 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2023-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN PRESIDENT 3309413211 2024-11-14 1 1 AMANDA M COON P01754645 6148493000 2024-11-14 2023 2024-10-15 13:58:12Z PAUL MCFADDEN 655 WICK AVENUE YOUNGSTOWN OH 44502 123948475 0 X YSUFOUNDATION.ORG X 1966 OH THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES. 42 42 28 42 66101 47576 15837814 12571407 0 0 13142972 21823604 0 0 28980786 34395011 16286223 16640840 0 0 1588577 1723162 0 0 769521 1653504 1647622 19528304 20011624 9452482 14383387 333927994 359433129 11831468 12606341 322096526 346826788 X THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES. 0 0 17467998 16640841 THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, NON-PROFIT ORGANIZATION FOCUSED ON SUPPORTING STUDENT SCHOLARSHIPS, STUDENT DEVELOPMENT, AND CAREER OPPORTUNITIES.THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS A CATALYTIC FORCE FOR THE ADVANCEMENT OF YSU, THE YOUNGSTOWN COMMUNITY, AND NORTHEAST OHIO. YSUF IS A CRITICAL SOURCE OF SUPPORT, OPPORTUNITY, AND EXCELLENCE FOR YSU STUDENTS AND UNIVERSITY PROGRAMS.THE COMPETITION FOR STUDENTS IN HIGHER EDUCATION HAS NEVER BEEN GREATER. THE YSU FOUNDATION, PROVIDING OVER $16.6 MILLION IN ANNUAL SCHOLARSHIP AID, HAS HISTORICALLY DESIGNED SCHOLARSHIP AWARDS TO PROVIDE ACCESS TO ATTEND YSU. ONE OF THE YSU FOUNDATION'S IMPORTANT INITIATIVES IS THE STUDENT INVESTMENT FUND. FOR THE PAST DECADE, THE YSU FOUNDATION HAS MATCHED ALL GIFTS TO MINORITY SCHOLARSHIPS. THIS HAS ATTRACTED OVER $2,269,267 IN GIFTS, HELPING YSU INCREASE THE DIVERSITY OF ITS STUDENT BODY. THE FOUNDATION ALSO PROVIDES GRANTS TO YOUNGSTOWN STATE UNIVERSITY FOR THE PURPOSE OF LECTURES AND SYMPOSIUMS AND FOR THE OPERATIONS OF VARIOUS DEPARTMENTS AND CENTERS. 17467998 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 1 28 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X PAUL MCFADDEN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 ED MURANSKY CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 FRANK HIERRO IMMEDIATE PAST CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 NADER ATWAY VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 THEODORE SCHMIDT TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 JOHN MOLITERNO ASSISTANT TREASURER/TRUSTEE 1.00 0.00 X X 0 0 0 JUDE NOHRA SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 BENJAMIN KECK ASSISTANT SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 PETER J ASIMAKOPOULOS TRUSTEE 1.00 0.00 X 0 0 0 NANCY BEEGHLY TRUSTEE 1.00 0.00 X 0 0 0 GERMAINE BENNETT TRUSTEE 1.00 0.00 X 0 0 0 A GARY BITONTE TRUSTEE 1.00 0.00 X 0 0 0 ALEXA SWEENEY BLACKANN TRUSTEE 1.00 0.00 X 0 0 0 RICHARD BLASE TRUSTEE 1.00 0.00 X 0 0 0 LEE BURDMAN TRUSTEE 1.00 0.00 X 0 0 0 MARTHA BUSHEY TRUSTEE 1.00 0.00 X 0 0 0 CAPRI CAFARO TRUSTEE 1.00 0.00 X 0 0 0 NIKKI CARTER TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J CAVALIER TRUSTEE 1.00 0.00 X 0 0 0 DOMENIC L CONSTANTINI TRUSTEE 1.00 0.00 X 0 0 0 ALAN W COPE TRUSTEE 1.00 0.00 X 0 0 0 ALFRED J FLEMING TRUSTEE 1.00 0.00 X 0 0 0 THOMAS J FLEMING TRUSTEE 1.00 0.00 X 0 0 0 JOHN F GELETKA TRUSTEE 1.00 0.00 X 0 0 0 JAMES GELLER TRUSTEE 1.00 0.00 X 0 0 0 STEPHEN J GURGOVITS TRUSTEE 1.00 0.00 X 0 0 0 KEVIN HELMICK TRUSTEE 1.00 0.00 X 0 0 0 CHANDRER KOHLI TRUSTEE 1.00 0.00 X 0 0 0 JOCELYNE KOLLAY LINSALATA TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 GARRY L MROZEK TRUSTEE 1.00 0.00 X 0 0 0 ELBA NAVARRO TRUSTEE 1.00 0.00 X 0 0 0 CARL A NUNZIATO TRUSTEE 1.00 0.00 X 0 0 0 KATHLEEN PADGITT TRUSTEE 1.00 0.00 X 0 0 0 ANTHONY PAYIAVLAS TRUSTEE 1.00 0.00 X 0 0 0 JOHN L POGUE TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM POOLE TRUSTEE 1.00 0.00 X 0 0 0 RICHARD J SCHIRALDI TRUSTEE 1.00 0.00 X 0 0 0 SCOTT SCHULICK TRUSTEE 1.00 0.00 X 0 0 0 JAMES H SISEK TRUSTEE 1.00 0.00 X 0 0 0 MARTIN SOLOMON TRUSTEE 1.00 0.00 X 0 0 0 DOUG SWEENEY TRUSTEE - PART YEAR 1.00 0.00 X 0 0 0 RAJIV TANEJA TRUSTEE 1.00 0.00 X 0 0 0 RICHARD B THOMPSON TRUSTEE 1.00 0.00 X 0 0 0 STUART WISE TRUSTEE 1.00 0.00 X 0 0 0 PAUL MCFADDEN PRESIDENT 40.00 0.00 X 272625 0 23111 HEATHER CHUNN VICE PRESIDENT 40.00 0.00 X 146655 0 22290 LEONARD MORRIS CONTROLLER 40.00 0.00 X 114743 0 5328 BRIAN NORD SENIOR DEVELOPMENT OFFICER 40.00 0.00 X 132982 0 14427 667005 0 65156 4 0 1 0 GRAYSTONE CONSULTING 4449 EASTON WAY SUITE 300 COLUMBUS OH 43219 INVESTMENT MANAGEMENT 373285 1 X 12571407 1073115 12571407 5499167 66101 5433066 105877901 89551840 1624 16326061 -1624 16324437 16324437 34395011 0 66101 21757503 16640840 16640840 474824 125060 211998 137766 937232 419354 165206 352672 53975 20758 14984 18233 158636 63191 41967 53478 98495 38503 26094 33898 51554 51554 63057 63057 940890 940890 4598 4598 209981 135955 2099 71927 67489 11725 38236 17528 71702 11071 42179 18452 66822 66822 46149 731 15511 29907 50063 810 13593 35660 27864 27864 37564 37564 MEMBERSHIP DUES 5636 5636 SUBSCRIPTIONS 4220 4220 33 33 20011624 17467998 1774105 769521 7288180 8038405 12562431 12535213 526685 466964 551090 162317 209156 388773 272325321 295397182 38418582 39874500 2597639 2732092 333927994 359433129 929318 1120366 10902150 11485975 11831468 12606341 X 163890047 172421170 158206479 174405618 322096526 346826788 333927994 359433129 X 14383387 10357790 -10915 X X 0 1 X 1 0 X 11449028 12043662 18873200 15837814 12571407 70775111 11449028 12043662 18873200 15837814 12571407 70775111 11499679 59275432 2747532 6493820 7470719 7710088 5479753 29901912 175969 44807 19414 240190 100917213 0.58740 0.62660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 310564335 6551480 29958638 12380985 334693468 302359903 4637850 17320507 13753925 310564335 320615451 13173249 -19735930 11692867 302359903 251128065 7995392 72815522 11323528 320615451 255732176 7510668 -1692772 10422007 251128065 0.52700 0.47301 0 0 255804 255804 295286 162317 132969 388773 ALTERNATIVE INVESTMENTS 39874500 C 39874500 43821911 10357790 10000 10367790 33454121 940890 940890 34395011 19091649 10915 10915 19080734 940890 -10000 930890 20011624 PART V, LINE 4: THE ORGANIZATION'S USE OF ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND OTHER SPECIFIED USES FOR THE BENEFIT OF STUDENTS AND RELATED ACTIVITIES AND PROGRAMS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FEDERAL TAX NET WITH INCOME 10,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 10,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEDERAL TAX NET WITH INCOME -10,000. EUROPE 0 0 INVESTMENTS 3936343 CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 28581212 0 0 0 0 0 0 32517555 0 32517555 1 0 1 1 1 0 0 YOUNGSTOWN STATE UNIVERSITY ONE UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 170(B)(I)(A)(II) 16414250 226590 FMV EQUIPMENT TO EXCLUSIVELY SUPPORT YOUNGSTOWN STATE UNIVERSITY. 1 0 PART I, LINE 2 THE FOUNDATION SUPPORTS YOUNGSTOWN STATE UNIVERSITY AND OTHER EDUCATIONAL INITIATIVES WHICH ARE LOCATED WITHIN THE UNITED STATES. YSU FOUNDATION ANNUALLY FOLLOWS UP WITH THE ENTITIES ON THE USE OF AWARDED GRANTS TO ASSURE THEY ARE USED FOR THE INTENDED PURPOSES. X X X 0 0 0 0 0 0 0 1 0 PAUL MCFADDEN PRESIDENT 230625 0 42000 0 0 0 10905 0 12206 0 295736 0 0 0 HEATHER CHUNN VICE PRESIDENT 139912 0 6743 0 0 0 5866 0 16424 0 168945 0 0 0 PART I, LINE 7 ALL BONUSES PAID ARE REVIEWED AND DEEMED APPROPRIATE BY THE FINANCE AND AUDIT COMMITTEE PRIOR TO PAYOUT. BONUSES ARE NECESSARY TO STAY COMPETITIVE IN REGARD TO RETENTION. X 18 846525 MARKET QUOTATIONS X ROBOTIC EQUIPMENT FOR TRAINING CENTER 1 226590 FMV 0 0 0 PART I, LINE 32B: THE AMOUNT REPORTED IN LINE 25, COLUMN B IS THE NUMBER OF DONORS WHO CONTRIBUTED EQUIPMENT TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B IRS FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION'S EXECUTIVE COMMITTEE AND AUDIT COMMITTEE. THE FOUNDATION ALSO PROVIDED THE FORM 990 TO EACH VOTING MEMBER OF THE BOARD OF TRUSTEES IN PAPER AND/OR ELECTRONIC FORM. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES OF THE ORGANIZATION SIGN CONFLICT OF INTEREST POLICIES ANNUALLY. CONFLICTS OF INTEREST ARE IDENTIFIED DURING BOARD MEETINGS BY THE TRUSTEES AND BOARD MEMBERS ABSTAIN FROM VOTING IF THEY HAVE A CONFLICT. BOARD MEMBERS ARE AWARE OF THE NEED TO DISCLOSE CONFLICTS OF INTEREST AS SOON AS THEY ARISE, AND THE PRESIDENT ALSO MONITORS THE CONFLICTS OF INTEREST THROUGHOUT THE YEAR. THE BOARD CHAIR REVIEWS THE PRESIDENT'S COMPLETED CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE PROVIDES TO THE BOARD CHAIR A SALARY RANGE BASED UPON THE REVIEW OF COMPENSATION PAID TO SIMILAR POSITIONS REPORTED ON THE FORM 990 OF OTHER ORGANIZATIONS TO DETERMINE THE PRESIDENT'S AND VICE PRESIDENT OF OPERATIONS/HR'S COMPENSATION. THE BOARD CHAIR DETERMINES, REVIEWS AND APPROVES THE COMPENSATION AMOUNT AND COMMUNICATES IT TO THE PRESIDENT AND VICE PRESIDENT OF OPERATIONS/HR THROUGH E-MAIL. THE COMPENSATION REVIEW PROCESS WAS LAST COMPLETED IN JUNE 2024. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 1: EFFECTIVE APRIL 1, 2015, THE FOUNDATION ENTERED INTO A DEVELOPMENTAL AGREEMENT WITH YOUNGSTOWN STATE UNIVERSITY WHEREIN THE FOUNDATION RAISES AND MAINTAINS DONATIONS ON BEHALF OF THE UNIVERSITY. THE FOUNDATION REMITS ALL RELATED FUNDS WHICH HAVE BEEN RECEIVED TO THE UNIVERSITY ON A MONTHLY BASIS. FOR THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION RECORDED CONTRIBUTION REVENUE OF $2,622,938 AND DISTRIBUTION EXPENSES OF $5,214,230. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -10,915. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF TRUSTEES PROCESS OF ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED OR BEEN REVISED FROM THE PRIOR YEAR TO THE CURRENT YEAR.