2023-05-15T10:58:22-05:00 2022-06-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2021-07-01 237337744 THE UWM FOUNDATION INC UWMF 4149064645 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 CURTIS STANG CHIEF OPERATING OFFICER 4149064645 2023-05-09 1 CURTIS STANG 999009999 SOLOMON MARDAKHAEV P01806552 6105653930 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DAVID GILBERT 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 59842856 0 X WWW.UWM.FOUNDATION X 1974 WI THE MISSION OF THE UWM FOUNDATION, INC. IS TO SUPPORT THE EDUCATIONAL, LITERARY, AND SCIENTIFIC ENDEAVORS OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY RECEIVING, MANAGING, AND DISTRIBUTING GIFTS TO BENEFIT THE UNIVERSITY'S STUDENTS, FACULTY, PROGRAMS, AND COMMUNITY. IN ADDITION, THE UWM FOUNDATION PROVIDES LEADERSHIP, OVERSIGHT, AND DIRECTION TO ITS AFFILIATED CORPORATIONS, THE UWM REAL ESTATE FOUNDATION, INC. AND THE UWM RESEARCH FOUNDATION, INC. THESE CORPORATIONS CREATE NEW UNIVERSITY FACILITIES TO SUPPORT STUDENT LIFE, RESEARCH, ACADEMICS AND REGIONAL ECONOMIC DEVELOPMENT, AND PROVIDE NEW SOURCES OF REVENUE FROM RESEARCH, COMMERCIALIZATION, AND ENTREPRENEURIAL ACTIVITIES. 27 27 38 35 0 0 17681300 29357240 0 0 5412330 10043851 11590 10328 23105220 39411419 17818977 19870933 0 0 1196939 1319298 0 0 1171969 1847010 2439362 20862926 23629593 2242294 15781826 248807614 226454661 22966481 19744302 225841133 206710359 X THE MISSION OF THE UWM FOUNDATION, INC. IS TO SUPPORT THE EDUCATIONAL, LITERARY, AND SCIENTIFIC ENDEAVORS OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY RECEIVING, MANAGING, AND DISTRIBUTING GIFTS TO BENEFIT THE UNIVERSITY'S STUDENTS, FACULTY, PROGRAMS, AND COMMUNITY. IN ADDITION, THE UWM FOUNDATION PROVIDES LEADERSHIP, OVERSIGHT, AND DIRECTION TO ITS AFFILIATED CORPORATIONS, THE UWM REAL ESTATE FOUNDATION, INC. AND THE UWM RESEARCH FOUNDATION, INC. THESE CORPORATIONS CREATE NEW UNIVERSITY FACILITIES TO SUPPORT STUDENT LIFE, RESEARCH, ACADEMICS AND REGIONAL ECONOMIC DEVELOPMENT, AND PROVIDE NEW SOURCES OF REVENUE FROM RESEARCH, COMMERCIALIZATION, AND ENTREPRENEURIAL ACTIVITIES. 0 0 8471923 8471923 0 EDUCATION: GENERAL SUPPORT OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S ADMINISTRATION, SCHOOLS, COLLEGES, LIBRARY, ETC. FOR THE BENEFIT OF ITS STUDENTS, FACULTY, AND STAFF. 5706350 5706350 0 SCHOLARSHIP PROGRAMS: FINANCIAL AID AWARDED TO STUDENTS ENROLLED AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE. 4764100 4764100 0 EDUCATIONAL PROGRAMS: SPECIAL PROJECTS INCLUDING SPONSORSHIP OF THE UNIVERSITY OF WISCONSIN-MILWAUKEE'S PUBLIC RADIO STATION, HONORS PROGRAM, PERFORMING ARTS CONCERT HALL, SCIENCE BAG SERIES, AND INNER CITY NURSING CLINIC. 1322617 928560 0 EDUCATIONAL PROGRAMS: RESEARCH PROJECTS CONDUCTED BY FACULTY AND RESEARCHERS IN VARIOUS SCHOOLS AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE INCLUDING HEALTH SCIENCES, ARCHITECTURE, ENGINEERING, LETTERS & SCIENCES, NURSING, AND GRADUATE SCHOOL.EDUCATION: COMMUNITY SERVICE PROGRAMS INCLUDING SEMINARS, LECTURES, AND PERFORMANCES SPONSORED BY THE UNIVERSITY OF WISCONSIN-MILWAUKEE FOR THE ENRICHMENT OF THE METRO-MILWAUKEE COMMUNITY. 1322617 928560 0 20264990 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 18 0 38 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X CURTIS STANG 4149064645 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 LAWRENCE J SCHNUCK CHAIR 1.00 X X 0 0 0 JOHN KISSINGER VICE CHAIR 1.00 X X 0 0 0 CHRISTINA FIASCA SECRETARY 1.00 1.00 X X 0 0 0 WILLIAM B COLEMAN TREASURER 1.00 X X 0 0 0 MICHAEL ALDANA DIRECTOR 1.00 X 0 0 0 DAVID BARNETT DIRECTOR 1.00 X 0 0 0 JAMES BARRY III DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 BRIAN BEAR MD DIRECTOR 1.00 X 0 0 0 JAMES BLINKA DIRECTOR 1.00 X 0 0 0 ROBERT BUKOWSKI DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 ELLEN CENSKY DIRECTOR 1.00 X 0 0 0 STEPHANIE CHEDID DIRECTOR 1.00 X 0 0 0 LORI CRAIG DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 JUSTIN CRUZ DIRECTOR 1.00 X 0 0 0 DONNA DROSNER DIRECTOR 1.00 X 0 0 0 SCOTT HAAG DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 JEFFREY HEMBROK DIRECTOR 1.00 X 0 0 0 ROGER KAMAU DIRECTOR 1.00 X 0 0 0 MARGARET KELSEY DIRECTOR 1.00 X 0 0 0 JOSEPH KERSCHNER MD DIRECTOR (THRU 12/2021) 1.00 1.00 X 0 0 0 JOHN KERSEY DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 REBEKAH KOWALSKI DIRECTOR 1.00 X 0 0 0 MATT KULASA DIRECTOR 1.00 X 0 0 0 KERI MCCONNELL DIRECTOR 1.00 X 0 0 0 DAVID MISKY DIRECTOR 1.00 X 0 0 0 KENNETH MUNSON DIRECTOR 1.00 X 0 0 0 TOM MYERS DIRECTOR 1.00 X 0 0 0 MIKE ORGEMAN DIRECTOR 1.00 2.00 X 0 0 0 CYNTHIA RIGSBY DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 MATTHEW D RINKA DIRECTOR 1.00 X 0 0 0 RONALD SADOFF DIRECTOR 1.00 X 0 0 0 IGNATIUS SMETEK DIRECTOR (THRU 12/2021) 1.00 X 0 0 0 LISA J VAN LANDEGHEM DIRECTOR 1.00 X 0 0 0 DENNIS J WEBB DIRECTOR 1.00 X 0 0 0 PEGGY WILLIAMS-SMITH DIRECTOR 1.00 X 0 0 0 DAVID GILBERT PRESIDENT; EX-OFFICIO 26.00 27.00 X 282496 0 51516 CURTIS STANG COO; EX-OFFICIO 37.00 15.00 X 163519 0 34140 BRIAN D THOMPSON PRESIDENT - UWM RESEARCH FOUNDATION 1.00 40.00 X 249109 0 23442 JESSICA SILVAGGI VICE PRESIDENT - UWM RESEARCH FOUNDATION 1.00 40.00 X 119411 0 33343 ENRIQUE PAHM IT SYSTEMS MANAGER 50.00 X 101409 0 41435 915944 0 183876 5 0 1 0 0 6816 33277 98018 29219129 568148 29357240 6741946 6741946 13480 0 13480 13480 13480 23697023 20395118 3301905 3301905 3301905 33167 33277 36319 -3152 -3152 39411419 0 0 10054179 14164583 14164583 5706350 5706350 554868 138717 416151 339821 79960 239880 19981 102331 25583 76748 200144 50036 150108 122134 30151 90454 1529 24649 24649 102424 102424 253787 253787 385450 13409 329944 42097 22283 5571 16712 19599 19599 146801 36700 110101 34875 315 34560 34013 8503 25510 20447 5112 15335 DISTRIBUTIONS - CAMPAIG 796387 796387 DISTRIBUTIONS - UNRESTR 311975 311975 DISCRETIONARY ALLOCATIO 56513 56513 MEMBERSHIPS 30533 30533 199626 199626 23629593 20264990 2192634 1171969 3645648 1378522 248975 98485 16479375 12192282 13912 367845 89002 28041 1135094 764098 400699 370996 183629175 163743477 33505283 45578959 10795545 2696054 248807614 226454661 464884 879083 1120000 1680000 21381597 17185219 22966481 19744302 X 11865783 1324113 213975350 205386246 225841133 206710359 248807614 226454661 X 15781826 -34338639 -573961 X 0 1 X 1 0 X 31039423 21154703 27400770 17685118 29357240 126637254 31039423 21154703 27400770 17685118 29357240 126637254 6036537 120600717 2972628 3685962 4378263 1968668 3740250 16745771 143383025 0.84110 0.84130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 143178012 7312708 -19395800 4370810 126724110 110686018 5304287 31230762 4043055 143178012 104888503 4700280 1300777 3701098 107188462 97542732 6035203 4287004 2976436 104888503 26181176 272741 1697838 878469 27273286 0.00000 1.00000 0.00000 0 0 1135094 764098 370996 370996 MONEY MARKET FUNDS 5125100 F DOMESTIC CORPORATE BONDS 32076114 F FOREIGN BONDS 8237238 F PRIVATELY HELD STOCK 43401 F LIMITED PARTNERSHIP INTEREST 97106 F 45578959 DUE TO AFFILIATES 14324899 DUE TO THE UNIVERSITY OF WISCONSIN - MILWAUKEE 2740286 AMOUNTS PAYABLE UNDER FISCAL AGENT RESPONSIBILITIES 120034 17185219 PART V, LINE 4: THE ENDOWMENT FUNDS ENABLE COLLEGES AND DEPARTMENTS TO HIRE FACULTY, IMPLEMENT PROGRAMS, ADVANCE RESEARCH AND SUPPORT STUDENTS. WOMEN'S BASKETBALL GOLF OUTING 25571 14581 10990 60 10073 113 BASEBALL GOLF 22454 6794 15660 1820 7750 2593 2 18419 11902 6517 6500 7410 66444 33277 33167 1880 24323 2706 7410 36319 -3152 1 THE UWM REAL ESTATE FOUNDATION INC 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 947809136 501(C)(3) 100000 0 TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS THE UWM RESEARCH FOUNDATION INC 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 208297675 501(C)(3) 228000 0 TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS UNIVERSITY OF WISCONSIN - MILWAUKEE 2200 EAST KENWOOD BOULEVARD MILWAUKEE WI 53211 396006492 STATE OF WI 13785583 0 TEACHING AND DEPARTMENTAL PROGRAMS, COMMUNITY SERVICE, RESEARCH AND SPECIAL PROJECTS UWM ALUMNI ASSOC INC 1440 EAST NORTH AVENUE MILWAUKEE WI 53211 853903250 501(C)(3) 51000 0 TO SPONSOR ALUMNI WITH PROGRAMS, COMMUNITY SERVICE AND SPECIAL PROJECTS. 4 SCHOLARSHIPS 3719 5706350 PART I, LINE 2: THE UWM FOUNDATION, INC. REVIEWS THE UNIVERSITY OF WISCONSIN-MILWAUKEE EXPENSE REIMBURSEMENTS, WHICH THE UNIVERSITY OF WISCONSIN-MILWAUKEE ALSO REVIEWS. THE UWM FOUNDATION, INC. ALSO REVIEWS EXPENSE PAID DIRECTLY IN ACCORDANCE WITH THE FUND'S STATEMENT OF PURPOSE. X 1 1 X 0 0 0 0 0 0 0 1 0 DAVID GILBERT PRESIDENT; EX-OFFICIO 246546 0 30000 0 5950 0 22456 0 29060 0 334012 0 0 0 BRIAN D THOMPSON PRESIDENT - UWM RESEARCH FOUNDATION 207709 0 40400 0 1000 0 19389 0 4053 0 272551 0 0 0 CURTIS STANG COO; EX-OFFICIO 150039 0 13000 0 480 0 12822 0 21318 0 197659 0 0 0 JESSICA SILVAGGI VICE PRESIDENT - UWM RESEARCH FOUNDA 105650 0 10000 0 3761 0 9709 0 23634 0 152754 0 0 0 PART I, LINE 1A DUES PAID FOR DAVID GILBERT - $6,759 PART I, LINE 7 A DISCRETIONARY BONUS IS PAID TO SOME INDIVIDUALS BASED ON ANNUAL PERFORMANCE AND IS BOARD APPROVED. THE BONUS IS REPORTED ON PART II, COLUMN(B)(II). X 24 568148 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B) FORM 990, PART VI, SECTION A, LINE 2 THERE ARE VARIOUS MILWAUKEE BUSINESS LEADERS THAT ARE PART OF THE GOVERNING BODY AND DUE TO THE SIZE OF THE CITY, BUSINESS RELATIONSHIPS OCCUR. THE CONFLICT OF INTEREST ANNUAL FORM ADDRESSES THESE RELATIONSHIPS AND ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE THEN MADE AVAILABLE TO THE FULL BOARD AT LEAST TWO WEEKS IN ADVANCE OF FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS CONFLICTS WITH THE UWM FOUNDATION, UWM REAL ESTATE FOUNDATION, UWM RESEARCH FOUNDATION, UNIVERSITY OF WISCONSIN - MILWAUKEE AND THE UWM ALUMNI ASSOCIATION. CONFLICTS ARE DISCLOSED FOLLOWING THE ANNUAL BOARD MEETING IN DECEMBER AND THEN REVIEWED BY THE EXECUTIVE COMMITTEE IN THE SPRING. DIRECTORS ARE THEN ASKED TO RECUSE THEMSELVES FROM A VOTE IF THEIR PARTICULAR CONFLICT MIGHT HAVE AN IMPACT ON THE DECISION BEING MADE BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE COMPENSATION OF TOP MANAGEMENT OFFICIALS USING COMPARABLE CONTEMPORANEOUS DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ENDOWMENT RESTATEMENT -573,961. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: THE FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED JUNE 20, 2021 HAVE BEEN RESTATED TO CORRECT AN ERROR MANAGEMENT DETECTED DURING FISCAL 2022. IN FISCAL YEAR 2009, THE FOUNDATION ENDOWMENT LOANED $6,000,000 TO THE UWM REAL ESTATE FOUNDATION. IN JANUARY 2022, MANAGEMENT DETERMINED THAT THE INTEREST EARNED ON THE NOTE RECEIVABLE WAS NOT PROPERLY ALLOCATED BACK TO THE ENDOWMENT FUND ALONG WITH EARNING ON THE INTEREST. THE ADJUSTMENT ON PART XI, LINE 9 REFLECTS THE IMPACT OF THE CORRECTION. THE UWM REAL ESTATE FOUNDATION INC 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 947809136 REAL ESTATE DEVELOPMENT WI 501(C)(3) LINE 12A, I THE UWM FOUNDATION INC 1 THE UWM RESEARCH FOUNDATION INC 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 208297675 UNIVERSITY OF WISCONSIN - MILWAUKEE IP MANAGER WI 501(C)(3) LINE 12A, I THE UWM FOUNDATION INC 1 UNIVERSITY OF WISCONSIN - MILWAUKEE 2200 EAST KENWOOD BOULEVARD MILWAUKEE WI 53211 396006492 EDUCATION INSTITUTION WI N/A 0 THE UWM ALUMNI ASSOC 1440 EAST NORTH AVENUE MILWAUKEE WI 53202 853903250 ALUMNI ORGANIZATION WI 501(C)(3) LINE 7 THE UWM FOUNDATION INC 1 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 THE UWM REAL ESTATE FOUNDATION INC B 100000 FAIR MARKET VALUE THE UWM RESEARCH FOUNDATION INC B 228000 FAIR MARKET VALUE THE UWM REAL ESTATE FOUNDATION INC O 253650 COST THE UWM RESEARCH FOUNDATION INC O 812784 COST UWM ALUMNI ASSOC INC B 51000 FAIR MARKET VALUE THE UWM REAL ESTATE FOUNDATION INC D 1147474 FAIR MARKET VALUE