2020-07-15T11:15:16-05:00 2019-06-30 383133790 ANDREWS HOOPER PAVLIK PLC 4295 OKEMOS RD STE 200 OKEMOS MI 488646201 990 2018-07-01 237326030 MICHIGAN STATE UNIVERSITY FOUNDATION MICH 5173539268 325 E GRAND RIVER AVE STE 275 EAST LANSING MI 48823 DAVID WASHBURN EXECUTIVE DIRECTOR 5173539268 2020-07-14 true JULIE M PFEIFLE P00751307 5177060800 2020-07-14 167.68.16.49 2020-07-15 11:15:16 CD P B5AF86BE4C7E2721889D34699BB1C63A1848B6CE 1618C365E138562C69B3FC7F55FA067C75EEB320 2018 2021-01-29 14:40:06Z DAVID WASHBURN 375 E GRAND RIVER AVENUE STE 275 EAST LANSING MI 48823 91024375 false X WWW.MSUFOUNDATION.ORG X 1973 MI TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. 19 18 19 20 569935 154237 9276982 2317054 5584 40210 22222367 35526630 155387 1128323 31660320 39012217 34810473 12888175 0 3298800 1540315 0 389 6298532 7219894 44407805 21648384 -12747485 17363833 420884981 419833206 32321621 28193901 388563360 391639305 X TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. false false 14136516 12888175 GRANTING FUNDS TO ADVANCE RESEARCH AND THE UNIVERSITYS SCHOLARLY INFRASTRUCTURE OF TEACHING AND DISSEMINATION OF NEW KNOWLEDGE, UNDERWRITING MSUS WORK IN TECHNOLOGY COMMERCIALIZATION, DEVELOPING, SCALING AND DE-RISKING BIO-BASED TECHNOLOGIES THROUGH MBI INTERNATIONAL, A WHOLLY-OWNED FOUNDATION SUBSIDIARY, FOSTERING THE CREATION OF STARTUP ENTERPRISES ORIGINATING FROM MSU THROUGH THE FOUNDATION'S SPARTAN INNOVATIONS AND INVESTMENT HOLDINGS SUBSIDIARIES, AND PROVIDING FACILITIES AND BUILDING SITES AT THE UNIVERSITY CORPORATE RESEARCH PARK FOR TECHNOLOGY ENTERPRISES, UNIVERSITY TECHNOLOGY-DEVELOPMENT INITIATIVES, AND UNIVERSITY/INDUSTRY COLLABORATIONS. 791200 40210 SPARTAN INNOVATIONS PROVIDES THE EDUCATIONAL AND FINANCIAL SUPPORT NECESSARY TO TURN MSU RESEARCH TECHNOLOGIES INTO SUCCESSFUL MICHIGAN BUSINESSES - AND SPUR ENTREPRENEURSHIP IN THE MICHIGAN ECONOMY. 14927716 true true false false false false false false false true true true false false true false false true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false false true X 53 0 true 19 true true true true CJ false false false false false false false false false false false X 19 18 false false false false false false false true true false false false true true true true true true true false MI CA FL IA KS MO NC ND NM OK VA X REBEKAH SKRZYNIARZ 5173539268 325 E GRAND RIVER AVE SUITE 275 EAST LANSING MI 48823 DAVID WASHBURN EXECUTIVE DI 40.00 3.00 X X 376381 0 59143 WOLFGANG BAUER PRESIDENT 2.00 X X 0 0 0 RANDOLPH COWEN CHAIRMAN 2.00 0.20 X X 0 0 0 SCOTT ESTON VICE CHAIRMA 2.00 X X 0 0 0 BRUCE LEECH TREASURER 2.00 X X 0 0 0 JOHN PHILLIPS SECRETARY 2.00 0.20 X X 0 0 0 ALEXANDER MCAREE DIRECTOR 2.00 X 0 0 0 JOHN MCLANE DIRECTOR 2.00 X 0 0 0 BILL SEIFERT DIRECTOR 2.00 X 0 0 0 SATISH UDPA DIRECTOR 2.00 X 0 0 0 MELANIE FOSTER DIRECTOR 2.00 X 0 0 0 NANCY SCHLICHTING DIRECTOR 2.00 X 0 0 0 SUE UNGER DIRECTOR 2.00 X 0 0 0 JOEL WITTENBERG DIRECTOR 2.00 X 0 0 0 JEFFREY DEGRAAF DIRECTOR 2.00 X 0 0 0 SARAH KUNST DIRECTOR 2.00 X 0 0 0 STAN SOKOWSKI DIRECTOR 2.00 X 0 0 0 JANICE STIPP DIRECTOR 2.00 X 0 0 0 STEVE HSU DIRECTOR 2.00 X 0 0 0 JUNE YOUATT DIRECTOR 2.00 X 0 0 0 REBEKAH SKRZYNIARZ DIRECTOR OF 40.00 11.00 X 65444 0 17689 JEFFREY WESLEY EXEC. DIRECT 40.00 X 195898 0 54577 ANDREW MCCOLM SI-DIRECTOR 40.00 X 193358 0 19266 TRACI CANNON SPECIAL PROJ 40.00 X 179608 0 64987 JEFF SMITH DIRECTOR OF 40.00 X 117208 0 17677 PAUL JAQUES SI-DIRECTOR/ 40.00 X 112656 0 36069 FRANK URBAN SI-DIRECTOR 40.00 X 105550 0 36434 1346103 305842 8 false true false CAMBRIDGE ASSOCIATES LLC PO BOX 83232 CHICAGO IL 606910232 CONSULTANT 643236 PENTASTAR AVIATION LLC 7310 HIGHLAND RD WATERFORD MI 48327 PROF FEES/EXP 127365 2 141402 2175652 2317054 SPONSORSHIPS 812900 33485 33485 REGISTRATIONS 812900 6725 6725 40210 8270122 8270122 1080437 522049 558388 558388 558388 73755437 4991180 47147006 4343103 26608431 648077 27256508 27256508 QUANTUM ENERGY PARTNERS IV 900099 509273 509273 QUANTUM ENERGY PARTNERS V 900099 290064 290064 KINGSTREET 900099 284281 284281 -513683 -513683 569935 39012217 40210 569935 36085018 12888175 12888175 518657 259329 259328 2101809 1368266 733543 -1191579 -595790 -595789 111428 55714 55714 63618 22442 41176 153414 129688 23726 5413981 40705 5373276 2591 1295 907 389 163022 85195 77827 121773 121773 123661 123661 28553 28553 134895 67447 67448 37749 37749 10907 5453 5454 255125 255125 124703 124703 BAD DEBT 405122 405122 GENERAL RESTRICTED 196985 196985 MAINTENANCE AND REPAIR 137776 137776 LAWN CARE 69972 69972 -223953 -223953 21648384 14927716 6720279 389 633630 2400024 6233787 9523336 1449273 775611 119983 47733 13216020 3791570 8437740 9424450 192938197 194663913 191075825 194289428 19996546 8708711 420884981 419833206 3425632 1600144 9945 28895989 26583812 32321621 28193901 X 346692322 351994136 39875149 38885815 1995889 759354 388563360 391639305 420884981 419833206 X 17363833 -14287888 X false true X true false X 5869460 7614491 4297601 9276982 2317054 29375588 5869460 7614491 4297601 9276982 2317054 29375588 399177 28976411 7234457 5094412 6465462 10131881 9350559 38276771 81432 113738 499088 694258 68346617 45794 0.42400 0.45020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1995889 177788 63078 2110599 16913937 108640 1097865 16124553 1995889 15650239 105918 1707880 550100 16913937 15586738 105052 455460 497011 15650239 15630000 278485 218997 540744 15586738 1.00000 false false 4035003 4035003 6439413 3356455 3082958 69581 25283 44298 93188 39786 53402 2578835 370046 2208789 9424450 VENTURE CAPITAL INVESTMENTS 97378435 F LIMITED PARTNERSHIPS 96816850 F OTHER ASSETS 94143 F 194289428 DEPOSIT HELD FOR MSU 18677162 ANNUITIES PAYABLE 7245699 LIFE ESTATE AGREEMENT OBLIGATIONS 660951 26583812 19245340 -14287888 49315 522049 -13716524 32961864 5413981 636372 6050353 39012217 16169395 49315 522049 571364 15598031 5413981 636372 6050353 21648384 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE HELD AND MANAGED ON BEHALF OF MICHIGAN STATE UNIVERSITY. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSES RECLASSIFICATION 522,049 SCHEDULE D, PAGE 4, PART XI, LINE 4B EQUITY GAIN - SUB. INCLUDED IN INCOME 636,372 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES RECLASSIFICATION 522,049 SCHEDULE D, PAGE 4, PART XII, LINE 4B EQUITY GAIN - SUB. INCLUDED IN INCOME 636,372 true MICHIGAN STATE UNIVERSITY BOARD OF TRUSTEES EAST LANSING MI 48824 386005984 3 12888175 VARIOUS VARIOUS SUPPORT UNIVERSITY 1 SCHEDULE I, PAGE 1, PART I, LINE 2 ALL GRANTS TO MICHIGAN STATE UNIVERSITY ARE DISCUSSED AND APPROVED BY THE EXECUTIVE COMMITTEE, GRANTS COMMITTEE, AND BOARD OF DIRECTORS. DISBURSEMENTS ARE MADE THROUGHOUT THE YEAR AS FUNDS ARE REQUESTED. X X X X false false false false false false false true false DAVID WASHBURN EXECUTIVE DIRECTOR 316381 60000 31638 27505 435524 JEFFREY WESLEY EXEC. DIRECTOR RCV 195898 19590 34987 250475 ANDREW MCCOLM SI-DIRECTOR VEN/CREA 179358 14000 17936 1330 212624 TRACI CANNON SPECIAL PROJECTS 177038 2570 36204 28783 244595 SCHEDULE J, PAGE 1, PART I, LINE 7 COMPENSATION INCLUDES BOTH BASE AND VARIABLE COMPENSATION (NON-FIXED PAYMENTS). IN ACCORDANCE WITH ITS POLICIES, ALL ELEMENTS (BASE, VAIRABLE, BENEFITS, AND PERQUISITES) ARE COMPARED TO MARKET. FORM 990 - ORGANIZATION'S MISSION TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY. FORM 990 ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PAGE 1, PART I, LINE 6 THE NUMBER OF VOLUNTEERS IS THE TOTAL FOR MSU FOUNDATION AND SPARTAN INNOVATIONS. FORM 990, PART V, LINE 4B CAYMAN ISLANDS, BERMUDA, BRITISH VIRGIN ISLANDS, CANADA, LUXEMBOURG, IRELAND, GREAT BRITAIN (UK) FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE DIRECTOR OF FINANCE, EXECUTIVE DIRECTOR, AND CHAIRMAN OF THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENT IS SIGNED BY EACH BOARD MEMBER AT THE START OF EACH NEW CALENDAR YEAR. IF THE BOARD MEMBER IS NOT ABLE TO SIGN OR IF THEY DISCLOSE THAT THERE IS A CONFLICT, THIS IS DISCUSSED WITH THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 15A UPON HIRING THE EXECUTIVE DIRECTOR, THE FOUNDATION UTILIZES INDEPENDENT CONSULTANTS AND THE FOUNDATION'S COMPENSATION COMMITTEE TO PREPARE A WRITTEN OFFER OF EMPLOYMENT LETTER. IN ADDITION, COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE COMPENSATION COMMITTEE EACH YEAR AND COMPENSATION IS ADJUSTED ACCORDINGLY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF THE FOUNDATION'S MANAGEMENT TEAM AND REMAINING STAFF IS REVIEWED AND APPROVED AS A SALARY LINE ITEM BY THE BOARD OF DIRECTORS DURING THE ANNUAL (JUNE) BUDGETING PROCESS AND IS DOCUMENTED IN THE BOARD MEETING MINUTES. ANNUALLY, SALARIES ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER WITH LOCAL AND NATIONAL COMPARATIVES TO JOB DESCRIPTIONS FOUND ON THE INTERNET AND WITHIN THE MSU STRUCTURE. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL EXPENSES RECLASSIFICATION 522,049 EQUITY GAIN - SUB. INCLUDED IN INCOME -636,372 RENTAL EXPENSES RECLASSIFICATION -522,049 EQUITY GAIN - SUB. 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