2017-03-10T15:03:33-06:00 2016-06-30 371335003 Eck Schafer & Punke LLP 227 South Seventh Street Springfield IL 62701 990 2015-07-01 376046814 Western Illinois University Foundation WEST 3092981861 1 University Circle No 303 Macomb IL 614551390 Bradley L Bainter Executive Officer 3092981861 2017-02-22 1 Brent Leach P00331592 2175251111 2017-02-22 2015 2021-01-29 14:40:06Z Bradley L Bainter 1 University Circle No 303 Macomb IL 614551390 8510019 0 X www.wiu.edu/foundation X 1946 IL The mission of the WIU Foundation is to maximize private support for Western Illinois University to assist in advancing its core values of academic excellence, educational opportunity, personal growth, and social responsibility. Private support enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.Private assistance is sought and administered with the primary objective of serving purposes other than those for which the State of Illinois makes sufficient appropriations.These contributions, when added to State resources, add an extra dimension by supporting programs that might not otherwise be possible. Such generosity enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service. 26 26 0 430 15081 14081 8130580 6105447 0 0 1402671 722987 1037526 1005275 10570777 7833709 3488379 3270052 0 0 0 0 0 0 137888 4521101 4761581 8009480 8031633 2561297 -197924 61645946 63088393 1172088 1314931 60473858 61773462 X Our mission is to maximize private support for Western Illinois University to assist in advancing its core values of academic excellence, educational opportunity, personal growth, and social responsibility. Private support enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service.Private assistance is sought and administered with the primary objective of serving purposes other than those for which the State of Illinois makes sufficient appropriations.These contributions, when added to State resources, add an extra dimension by supporting programs that might not otherwise be possible. Such generosity enables Western Illinois University to enhance educational opportunities for its students and advance its mission of instruction, research, and public service. 0 0 3270052 3270052 Approximately, 3585 scholarships and 57 faculty & staff awards were distributed during the year. Grant totals: Scholarships: $2,810,866; Faculty awards and grants $58,727; Education: $400,459 TOTAL: $3,270,052. 4387385 University: Provided financial support to departments, instructions, research, special projects, and other designated areas to enhance a variety of university programs. 7657437 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 74 2 1 0 1 1 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IL X X X WIU Foundation Office 3092981861 1 University Circle Sherman Hall Macomb IL 614551390 James S Lodico President 0.60 X X 0 0 0 John D McMillan Vice-President/Treasurer 0.50 X X 0 0 0 Marlin L France Secretary 0.40 X X 0 0 0 Quinton D Baily Director 0.10 X 0 0 0 Larry T Balsamo Director 0.10 X 0 0 0 Robert K Baumann Director 0.10 X 0 0 0 Philip E Bradshaw Director 0.10 X 0 0 0 Patrick J Burke Director 0.10 X 0 0 0 Donald H Dexter Honorary Director 0.10 X 0 0 0 Donald W Dieke Emeriti Director 0.10 X 0 0 0 Lorraine Epperson Director 0.10 X 0 0 0 Nicholas H Estes Director 0.10 X 0 0 0 Charles C Gilbert Director 0.10 X 0 0 0 John E Hallwas Director 0.10 X 0 0 0 Burnell A Heinecke Emeriti Director 0.10 X 0 0 0 Karen B Henderson Director 0.10 X 0 0 0 Laura J Janus Director 0.10 X 0 0 0 Steven J McCann Director 0.10 X 0 0 0 David L Miller Director 0.10 X 0 0 0 Richard P Miller Emeriti Director 0.10 X 0 0 0 Steven L Nelson Director 0.10 X 0 0 0 F Eugene Strode Director 0.10 X 0 0 0 Jacqueline K Thompson Director 0.10 X 0 0 0 Todd V Lester Past President 0.10 X 0 0 0 Ron G Peterson Emeriti Director 0.10 X 0 0 0 Rhonda Haffner Director 0.10 X 0 0 0 Bradley L Bainter Executive Director 37.50 X 0 142886 22439 Holly Fecht non-voting, ex-officio Dir 37.50 X 0 51013 26284 0 193899 48723 0 0 1 0 0 89674 301429 5714344 553288 6105447 1220539 1220539 154059 154059 497552 -497552 -497552 -497552 253355 89674 178758 74597 74597 Other income 900099 761538 761538 Farm income 111000 15081 15081 776619 7833709 761538 15081 951643 459186 459186 2810866 2810866 2026 15 2011 37299 1500 35799 638143 535619 102524 175482 174865 479 138 357918 344793 1657 11468 82253 82253 219495 215459 1074 2962 51303 49530 469 1304 22023 6593 15430 Taxes 24040 19624 4416 Other contractual servi 2019467 1845967 67104 106396 Equipment purchases/rem 433674 433674 Catering & food supplie 241349 228246 2961 10142 457109 449247 2384 5478 8031633 7657437 236308 137888 3331851 2346154 1382319 1397366 82309 84778 6162 0 70269 345761 658304 1105104 658304 50133849 52905930 5534083 5350100 61645946 63088393 167268 131132 324767 267847 216606 680053 699346 1172088 1314931 X 19889283 19955277 13323966 13558123 27260609 28260062 60473858 61773462 61645946 63088393 X -197924 -891545 2389073 X 0 1 X 1 0 X 6581823 5851066 4731874 6440409 5877023 29482195 3476523 418270 165545 294502 228424 4583264 10058346 6269336 4897419 6734911 6105447 34065459 34065459 1514361 1549079 1707780 1648804 1374598 7794622 203834 196202 149733 51199 15081 616049 467025 333325 624776 750912 686945 2862983 45339113 1422730 0.75130 0.76130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 43048604 1015395 -593506 2046781 35535 41388177 43220221 1451268 512119 2094342 40662 43048604 32134249 1490601 10945311 1310039 39901 43220221 28422725 1257329 3191745 695663 41887 32134249 27875809 1792500 -33652 1178032 33900 28422725 0.30150 0.69850 0 0 658304 658304 658304 U.S. Agency Obligations 83867 F Corporate Debt Obligations 6971168 F Corporate Equity Securities 66152 F International Equity Securities 1317197 F Cash Equivalents held in Investment Pools 637182 F Absolute Return Funds 8026017 F Open-ended Mutual Funds 2229200 F Private Equity 3906492 F Real Estate Exchange Traded Fund 1323921 F Equity Mutual Funds 9229254 F Municipal Bonds 1654132 F Real Assets Tax-Exempt 2728944 F Mutual Funds, International Equity 7045033 F Mutual Funds, International Debt 1835153 F Certificates of Deposit 2517958 F Real Estate 3334260 F 52905930 Other receivables 114244 Charitable remainder trusts 4712599 Cash Surrender value of life insurance policies 523257 5350100 Annuities payable 325384 Due to WIU 178231 Charitable remainder trust distributions payable 195731 699346 8906801 -891545 2567831 1676286 7230515 603194 603194 7833709 7607197 178758 178758 7428439 603194 603194 8031633 Part III, Line 4: A variety of items are donated to the Foundation for display or additions to existing collections - these collections become property of the University. Such items are available to students (and sometimes the public) for viewing for study and education about the materials donated. Such items provide students with education materials from eras in which they do not have direct experience. Part XI, Line 2d - Other Adjustments: Change in surrender value of life insurance 7,812. Special event expenses 178,758. Change in value of charitable remainder trusts -236,199. Change in value of land held for investment 2,617,460. Part XI, Line 4b - Other Adjustments: Investment Expense netted with Investment Income per Financial Statements 603,194. Part XII, Line 2d - Other Adjustments: Special event expenses 178,758. Part XII, Line 4b - Other Adjustments: Non-Operating Investment Expenses 603,194. Schedule D, Part V, Line 4 Both quasi and true endowments funds are used to provide scholarship support, supplies support, travel abroad support, and various other forms of educational support for students and teachers at Western Illinois University. The majority of endowments provide scholarship support to students. LNC Gala 117912 14750 103162 11328 53744 Imagination Station 55211 42149 13062 2032 2650 19269 6 169906 32775 137131 428 18808 70499 343029 89674 253355 2460 32786 143512 178758 74597 1 Western Illinois University 1 University Circle Macomb IL 61455 370910458 459186 FMV WIU faculty awards and grants, education 1 WIU Student Scholarships 3585 2810866 Part I, Line 2: Grants to individuals are in the form of scholarships. The Foundation generally applies those directly to student accounts to be applied to appropriate expenses. Grants made to Western Illinois University are monitored by Western Illinois University's internal audit department for compliance with state regulations. In addition, all expenditures require proper approval. X X 1 1 X X 0 0 0 0 0 0 0 0 0 Bradley L Bainter Executive Director 0 142886 0 0 0 0 0 12629 0 9810 0 165325 0 0 Part I, Line 1a Chartered travel for the year included a charter bus rental. Discretionary spending accounts: approval must be given for all expenditures. The internal audit department of Western Illinois University monitors expenditures. All expenditures must be accompanied by appropriate documentation, such as receipts. Todd Lester Past President of the WIU Foundation Board and President of bank 31309 Todd Lester is President of Citizens Division of Morton Community Bank which WIU Foundation purchased services during the year. 0 X 27 5990 Fair market value X 27884 Fair market value X 41297 Fair market value X 2 21783 Fair market value X 24 9984 Fair market value X 92 21008 Fair market value X Equipment 10 99456 Fair market value X Gift Certificate 152 58796 Fair market value X Livestock & Semen 34 31575 Fair market value X Trees & Shrubs 3 7091 Fair market value 0 0 0 Form 990, Part VI, Section B, line 11 Foundation accountants provide documentation to the tax preparer to prepare the 990 form, including answers to "yes/no" questions. The tax preparer uses all information to prepare the 990. After the 990 is prepared, the accountants in the foundation review the return for any discrepancies. Once all discrepancies have been addressed with the tax preparer, the return is taken to the board (at minimum the executive committee) for review and comment. If no problems are noted, the return is ready for signing and processing. Form 990, Part VI, Section B, line 12c The board of directors discloses conflicts of interest annually. Form 990, Part VI, Section B, line 15 Employees of the Western Illinois University Foundation are paid by Western Illinois University (a related organization and governmental entity). Western Illinois University establishes all hiring procedures and pay policies for employees of the Western Illinois University Foundation. When employees are recruited, an Administrative Compensation Survey conducted by the College and University Processional Association from Human Resources (CUPA-HR) is used to get a salary range. However, the actual offer is based on an individual's qualifications. A search committee comprised of employees from various areas with various backgrounds is used during employee searches. Form 990, Part VI, Section C, line 19 990 tax returns for the past three years are available at www.guidestar.com. Membership to Guide Star is free, and anyone wishes to see our tax forms are encouraged to visit this Website. Forms are also available by request to individuals who contact the Foundation office directly. The Foundation's audit report is also available on our Website through a link that will take you to our report, which is loaded on the Illinois Auditor General's Website. Form 990, Part XI, line 9: Change in surrender value of life insurance 7,812. Change in value of charitable remainder trust -236,199. Change in value of land held for investment 2,617,460. Western Illinois University 1 University Circle Macomb IL 61455 370910458 Education IL 115a N/A 0 0 1 1 1 0 0 0 0 1 0 0 1 0 1 1 1 1 1 0 Western Illinois University N 207811 Western Illinois University B 4106729 Western Illinois University O 1652124