2023-11-10T15:20:00-06:00 2023-06-30 381357951 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2022-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN PRESIDENT 3309413211 2023-11-08 1 PAUL MCFADDEN 999009999 1 TINA M PETERS CPA P00904574 6148493000 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL MCFADDEN 655 WICK AVENUE YOUNGSTOWN OH 44502 105069641 0 X YSUFOUNDATION.ORG X 1966 OH TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND PROGRAMATIC SUPPORT. 41 41 24 41 44807 31617 18873200 15837814 0 0 20060538 13142972 0 0 38933738 28980786 16561532 16286223 0 0 1488138 1588577 0 0 712969 1623494 1653504 19673164 19528304 19260574 9452482 318269128 333927994 11673768 11831468 306595360 322096526 X THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS DEVOTED TO THE SUPPORT, EXPANSION AND DEVELOPMENT OF EDUCATIONAL PROGRAMS AT YOUNGSTOWN STATE UNIVERSITY DEEMED USEFUL TO THE STUDENTS AND BENEFICIAL TO THE COMMUNITY. 0 0 17092894 16286223 THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION IS AN INDEPENDENT, AUTONOMOUS, PRIVATE, NON-PROFIT CORPORATION THAT PURSUES, MANAGES AND DISTRIBUTES RESOURCES TO SUPPORT SCHOLARSHIPS AND STUDENT INITIATIVES, AS WELL AS THE GROWTH AND DEVELOPMENT OF YOUNGSTOWN STATE UNIVERSITY.THE YOUNGSTOWN STATE UNIVERSITY FOUNDATION WILL BE A CATALYTIC FORCE FOR THE ADVANCEMENT OF YSU, THE YOUNGSTOWN COMMUNITY, AND NORTHEAST OHIO, AND WILL BE 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 $16.3 MILLION IN ANNUAL SCHOLARSHIP AID, HAS HISTORICALLY DESIGNED SCHOLARSHIP AWARDS TO PROVIDE ACCESS TO ATTEND YSU. TWO OF THE YSU FOUNDATION'S IMPORTANT INITIATIVES ARE THE MINORITY SCHOLARSHIP MATCH PROGRAM AND 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. 17092894 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 24 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 41 41 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/TRUST 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/TRUSTE 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/TRUSTE 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 316000 0 26278 HEATHER CHUNN VICE PRESIDENT 40.00 0.00 X 135742 0 20416 LEONARD MORRIS CONTROLLER 40.00 0.00 X 105246 0 9198 BRIAN NORD SENIOR DEVELOPMENT OFFICER 40.00 0.00 X 115524 0 15396 672512 0 71288 4 0 1 0 GRAYSTONE CONSULTING 4449 EASTON WAY SUITE 300 COLUMBUS OH 43219 INVESTMENT MANAGEMENT 362197 1 X 15837814 2306269 15837814 7754895 44807 7710088 81476932 76088855 5388077 5388077 5388077 28980786 0 44807 13098165 16286223 16286223 293250 86739 92647 113864 1035585 453402 258740 323443 47945 19877 13629 14439 119436 48112 38542 32782 92361 38032 24407 29922 18619 18619 59305 59305 915653 915653 51025 19225 31800 221047 132580 3024 85443 50576 13334 21868 15374 79062 12492 48367 18203 66750 66750 41774 761 9155 31858 29136 1342 11953 15841 31259 31259 37669 37669 FEDERAL INCOME TAX 46314 46314 MEMBERSHIP DUES 2917 2917 SUBSCRIPTIONS 735 735 1663 1663 19528304 17092894 1722441 712969 1630642 7288180 9152452 12562431 613469 526685 371476 162320 209391 209156 260805770 272325321 45310708 38418582 546696 2597639 318269128 333927994 766394 929318 10907374 10902150 11673768 11831468 X 159593219 163890047 147002141 158206479 306595360 322096526 318269128 333927994 X 9452482 6054984 -6300 X X 0 1 X 1 0 X 16920660 11449028 12043662 18873200 15837814 75124364 16920660 11449028 12043662 18873200 15837814 75124364 11394165 63730199 1875187 2747532 6493820 7470719 7710088 26297346 63724 175969 44807 284500 101706210 0.62660 0.72340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 302359903 4637850 17320507 13753925 310564335 320615451 13173249 -19735930 11692867 302359903 251128065 7995392 72815522 11323528 320615451 255732176 7510668 -1692772 10422007 251128065 241189000 10965173 13508397 9930394 255732176 0.53981 0.46019 0.00000 0 0 64656 64656 306820 162320 144500 209156 ALTERNATIVE INVESTMENTS 38418582 C 38418582 34073805 6054984 -46314 6008670 28065135 915651 915651 28980786 18572639 6300 6300 18566339 915651 46314 961965 19528304 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 AT YOUNGSTOWN STATE UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FEDERAL TAX NET WITH INCOME -46,314. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 6,300. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEDERAL TAX NET WITH INCOME 46,314. EUROPE 0 0 INVESTMENTS 2950469 CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 52449039 0 0 0 0 0 0 55399508 0 55399508 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 0 YOUNGSTOWN STATE UNIVERSITY ONE UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 170(B)(I)(A)(II) 16232424 53799 FMV EQUIPMENT TO EXCLUSIVELY SUPPORT YOUNGSTOWN STATE UNIVERSITY. 1 0 PART I, LINE 2 THE FOUNDATION EXCLUSIVELY SUPPORTS YOUNGSTOWN STATE UNIVERSITY WHICH IS LOCATED WITHIN THE UNITED STATES. YSU FOUNDATION ANNUALLY FOLLOWS UP WITH THE UNIVERSITY 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 220000 0 96000 0 0 0 11859 0 14419 0 342278 0 0 0 HEATHER CHUNN VICE PRESIDENT 129858 0 5884 0 0 0 5430 0 14986 0 156158 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 11 315679 MARKET QUOTATIONS X 1 1936790 FMV X EQUIPMENT 4 53799 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN LINE 9, COLUMN B IS THE NUMBER OF DONORS WHO CONTRIBUTED SHARES OF PUBLICLY TRADED STOCK OR BONDS TO THE FOUNDATION. THE AMOUNT REPORTED IN LINE 17, COLUMN B IS THE NUMBER OF DONORS WHO CONTRIBUTED PARCELS OF LAND TO THE FOUNDATION. 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 2023. 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, 2023, THE FOUNDATION RECORDED CONTRIBUTION REVENUE OF $3,434,254 AND DISTRIBUTION EXPENSES OF $5,188,684. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -6,300. 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.