2022-11-09T15:36:26-06:00 2022-06-30 381357951 PLANTE & MORAN PLLC 250 S HIGH ST SUITE 100 COLUMBUS OH 43215 990 2021-07-01 346576610 YOUNGSTOWN STATE UNIVERSITY FOUNDATION YOUN 3309413211 655 WICK AVENUE YOUNGSTOWN OH 44502 PAUL MCFADDEN PRESIDENT 3309413211 2022-11-08 1 PAUL MCFADDEN 999009999 TINA M PETERS CPA P00904574 6148493000 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z PAUL MCFADDEN 655 WICK AVENUE YOUNGSTOWN OH 44502 131565666 0 X YSUFOUNDATION.ORG X 1966 OH TO SUPPORT YOUNGSTOWN STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND PROGRAMATIC SUPPORT. 41 41 27 41 175969 97413 12043662 18873200 0 0 25761654 20060538 0 0 37805316 38933738 13080957 16561532 0 0 1428914 1488138 0 0 684584 1479639 1623494 15989510 19673164 21815806 19260574 337056752 318269128 9918553 11673768 327138199 306595360 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 17342879 16561532 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 $16.6 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 $2,147,500 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. 17342879 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 7 0 1 27 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 PAUL MCFADDEN PRESIDENT 40.00 0.00 X 249342 0 15698 HEATHER CHUNN VICE PRESIDENT 40.00 0.00 X 123807 0 14586 BRIAN NORD SENIOR DEVELOPMENT OFFICER 40.00 0.00 X 104015 0 8779 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 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 ANTHONY M CAFARO SR TRUSTEE PART YEAR 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 Y T CHIU JR TRUSTEE PART YEAR 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 MILLICENT S COUNTS TRUSTEE PART YEAR 1.00 0.00 X 0 0 0 SERGUL ERZURUM TRUSTEE PART YEAR 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 MITCHELL J JOSEPH TRUSTEE PART YEAR 1.00 0.00 X 0 0 0 CHANDRER KOHLI TRUSTEE 1.00 0.00 X 0 0 0 JOCELYNE KOLLAY LINSALATA TRUSTEE 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 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 477164 0 39063 3 0 1 0 GRAYSTONE CONSULTING 4449 EASTON WAY SUITE 300 COLUMBUS OH 43219 INVESTMENT MANAGEMENT 364368 1 X 18873200 2664992 18873200 7646688 175969 7470719 105045778 92631928 12413850 12413850 12413850 38933738 0 175969 19884569 16561532 16561532 336909 101072 101072 134765 929558 394805 257086 277667 45944 17716 13424 14804 94789 31676 36416 26697 80938 32856 22320 25762 34595 34595 57375 57375 860834 860834 70765 44265 26500 274308 164173 8810 101325 48046 10381 20001 17664 71982 13779 40946 17257 66971 66971 39198 779 6340 32079 37997 13980 13953 10064 34004 34004 23983 23983 MEMBERSHIP DUES 3128 5 3123 308 125 183 19673164 17342879 1645701 684584 1031736 1630642 9723070 9152452 677778 613469 340452 131061 234011 209391 290349603 260805770 34846226 45310708 194328 546696 337056752 318269128 589978 766394 9328575 10907374 9918553 11673768 X 179416076 159593219 147722123 147002141 327138199 306595360 337056752 318269128 X 19260574 -39798813 -4600 X X 0 1 X 1 0 X 15200061 16920660 11449028 12043662 18873200 74486611 15200061 16920660 11449028 12043662 18873200 74486611 5099033 69387578 2611105 1875187 2747532 6493820 7470719 21198363 63724 175969 239693 95924667 0.72340 0.80490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 320615451 13173249 -19735930 11692867 302359903 251128065 7995392 72815522 11323528 320615451 255732176 7510668 -1692772 10422007 251128065 241189000 10965173 13508397 9930394 255732176 225044989 8957920 18026169 10840078 241189000 0.55093 0.44907 0.00000 0 0 43289 43289 297163 131061 166102 209391 ALTERNATIVE INVESTMENTS 45310708 C 45310708 -1725909 -39798813 -39798813 38072904 860834 860834 38933738 18816930 4600 4600 18812330 860834 860834 19673164 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 XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 4,600. CENTRAL AMERICA AND THE CARRIBEAN 0 0 INVESTMENTS 105302553 EUROPE 0 0 INVESTMENTS 3017558 0 0 0 0 0 0 108320111 0 108320111 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) 16514189 47343 FMV BOOKS AND 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 209342 0 40000 0 0 0 8525 0 7173 0 265040 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 21638 FMV X 19 2259389 MARKET QUOTATIONS X 1 358210 FMV X EQUIPMENT 5 25755 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 2022. 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, 2022, THE FOUNDATION RECORDED CONTRIBUTION REVENUE OF $2,372,822 AND DISTRIBUTION EXPENSES OF $5,142,680. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES -4,600. 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.