EASTERN MICHIGAN UNIVERSITY FOUNDATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- EASTERN MICHIGAN UNIVERSITY FOUNDATION (EIN 38-2953297)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-08
- IRS object ID
- 201341289349301079
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-08T12:16:33-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381357951 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2601 CAMBRIDGE CT SUITE 500 | AddressLine1 |
| City | AUBURN HILLS | City |
| State | MI | State |
| ZIP Code | 48326 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382953297 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EASTERN MICHIGAN UNIVERSITY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EAST | NameControl |
| Phone | 7344841322 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1349 SOUTH HURON STREET | AddressLine1 |
| City | YPSILANTI | City |
| State | MI | State |
| ZIP Code | 48197 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAURA WILBANKS | Name |
| Title | CFO | Title |
| Phone | 7344841322 | Phone |
| Date Signed | 2013-04-30 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LYNNE HUISMANN | Name |
| PTIN | P00053811 | PTIN |
| Phone | 2483757100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS STEVICK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1349 SOUTH HURON STREET | AddressLine1 |
| City | YPSILANTI | City |
| State | MI | State |
| ZIP Code | 48197 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 31029099 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.EMUFOUNDATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 105 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6836983 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 7188155 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1175000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1903000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3344441 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2198837 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 16769 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3604 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11373193 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11293596 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4593515 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4481987 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2328175 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2412593 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2226858 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1503728 | OtherExpensePriorYear |
| Other Expenses Current Year | 1477072 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8425418 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8371652 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2947775 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2921944 | RevenuesLessExpensesCY |
| Total Assets BOY | 54331606 | TotalAssetsBOY |
| Total Assets EOY | 55114187 | TotalAssetsEOY |
| Total Liabilities BOY | 1603739 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1155019 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 52727867 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 53959168 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE EASTERN MICHIGAN UNIVERSITY FOUNDATION, THROUGH COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS, CREATES OPPORTUNITIES THAT WILL PROVIDE ADDITIONAL SUPPORT TO THE STUDENTS, PROGRAMS, SERVICES AND EDUCATIONAL COMMUNITY OF EASTERN MICHIGAN UNIVERSITY. THE EASTERN MICHIGAN UNIVERSITY FOUNDATION WILL ACHIEVE ITS MISSION THROUGH IMAGE ENHANCEMENT, EFFECTIVE ASSET MANAGEMENT, ENTREPRENEURIAL EFFORTS AND DEVELOPMENT ACTIVITIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3025963 | Expense |
| Grants | 3025963 | Grants |
| Revenue | 1903000 | Revenue |
| Description | GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1456024 | Expense |
| Grants | 1456024 | Grants |
| Description | ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 4481987 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 105 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAURA WILBANKS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7344841322 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1349 S HURON STREET | AddressLine1 |
| City | YPSILANTI | City |
| State | MI | State |
| ZIP Code | 48197 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| MAUREEN THOMAS | ||||||
| PAST CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| DALE HEYDLAUFF | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| RONALD REED | ||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| BRENDA ALTEN | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JOHN BODARY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| WILLIAM BRICKLEY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JOSEPH CHRZANOWSKI | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| GEORGE COGAR | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| BYNA ELLIOT | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| MATTHEW EVETT | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| BETH FITZSIMMONS | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| THOMAS GWALTNEY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| VICKIE HALL | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| EARL HIGGINS | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| GEORGE HOFMAN | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| ROBERT HOLMAN | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| ABE KARAM | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| DAVID MAMUSCIA | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| SUSAN MARTIN | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| DANIEL MCCLORY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JELANI MCGADNEY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JEANNE MERLANTI | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| KATHY MERRILL | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| GREGORY SHELDON | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| EDWARD SUROVELL | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JACLYNN TRACY | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| KATRINA VANDERWOUDE | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| JUDITH WOLLACK | ||||||
| TRUSTEE | 0.50 | X | 0 | 0 | 0 | |
| THOMAS STEVICK | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 220640 | 0 | 76441 | |
| LAURA WILBANKS | ||||||
| CFO | 40.00 | X | 112547 | 0 | 7198 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 333187 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 83639 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UBS FINANCIAL SERVICES INC | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3455 PEACHTREE ROAD SUITE 1700 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30326 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | INVESTMENT CONSULTING | DescriptionOfServices |
| Compensation | 375536 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 63414 | FundraisingEvents |
| Related Organizations | 9211 | RelatedOrganizations |
| All Other Contributions | 7115530 | AllOtherContributions |
| Noncash Contributions | 165675 | NoncashContributions |
| Total Contributions | 7188155 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | EASTERN MI UNIV. FEES | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1903000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1903000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1903000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1178609 | TotalRevenueColumn |
| Exclusion | $1,178,609 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 49293 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 50129 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -836 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -836 | TotalRevenueColumn |
| Exclusion | -$836 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20644109 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 19623881 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1020228 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1020228 | TotalRevenueColumn |
| Exclusion | $1,020,228 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 59707 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 63414 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 61493 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1786 | TotalRevenueColumn |
| Exclusion | -$1,786 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 6226 | TotalRevenueColumn |
| Exclusion | $6,226 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 6226 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11293596 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1903000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,202,441 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4481987 | Total |
| Program Services | 4481987 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119745 | Total |
| Management And General | 119745 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1781055 | Total |
| Management And General | 584701 | ManagementAndGeneral |
| Fundraising | 1196354 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63860 | Total |
| Management And General | 24844 | ManagementAndGeneral |
| Fundraising | 39016 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 317955 | Total |
| Management And General | 130111 | ManagementAndGeneral |
| Fundraising | 187844 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129978 | Total |
| Management And General | 46951 | ManagementAndGeneral |
| Fundraising | 83027 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8247 | Total |
| Management And General | 4525 | ManagementAndGeneral |
| Fundraising | 3722 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47375 | Total |
| Management And General | 47375 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 405761 | Total |
| Management And General | 405761 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27116 | Total |
| Management And General | 22096 | ManagementAndGeneral |
| Fundraising | 5020 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2195 | Total |
| Fundraising | 2195 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346080 | Total |
| Management And General | 61727 | ManagementAndGeneral |
| Fundraising | 284353 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93033 | Total |
| Management And General | 55584 | ManagementAndGeneral |
| Fundraising | 37449 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52677 | Total |
| Management And General | 22 | ManagementAndGeneral |
| Fundraising | 52655 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10894 | Total |
| Management And General | 5343 | ManagementAndGeneral |
| Fundraising | 5551 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101943 | Total |
| Management And General | 52134 | ManagementAndGeneral |
| Fundraising | 49809 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30854 | Total |
| Management And General | 25471 | ManagementAndGeneral |
| Fundraising | 5383 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|
| MEALS & ENTERTAINMENT | 131761 | 4151 | 127610 |
| INTEREST/CLOSING COSTS | 93245 | 56613 | 36632 |
| RESEARCH | 58012 | 58012 | |
| FUNDRAISING EXPENSE | 32411 | 32411 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35468 | Total |
| Management And General | 15653 | ManagementAndGeneral |
| Fundraising | 19815 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8371652 | Total |
| Program Services | 4481987 | ProgramServices |
| Management And General | 1662807 | ManagementAndGeneral |
| Fundraising | 2226858 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2149887 | BOY |
| EOY | 2188573 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3506263 | BOY |
| EOY | 907081 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3967762 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1404427 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2632557 | BOY |
| EOY | 2563335 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45640503 | BOY |
| EOY | 49058183 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64107 | BOY |
| EOY | 55000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 338289 | BOY |
| EOY | 342015 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54331606 | BOY |
| EOY | 55114187 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 808812 | BOY |
| EOY | 597194 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 794927 | BOY |
| EOY | 557825 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1603739 | BOY |
| EOY | 1155019 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 999309 | BOY |
| EOY | 299010 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16289833 | BOY |
| EOY | 14353588 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35438725 | BOY |
| EOY | 39306570 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52727867 | BOY |
| EOY | 53959168 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54331606 | BOY |
| EOY | 55114187 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2921944 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1690643 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7099126 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3679381 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5329377 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6836983 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7188155 | CurrentTaxYear |
| Total | 30133022 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7099126 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3679381 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5329377 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6836983 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7188155 | CurrentTaxYear |
| Total | 30133022 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 6026293 | AmountsSubstContributorsTotal |
| Public Support Total170 | 24106729 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1218111 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1418303 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1252964 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1126156 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1227902 | CurrentTaxYear |
| Total | 6243436 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7916 | CurrentTaxYearMinus4Years |
| Total | 7916 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 29845 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7704 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 8154 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8316 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6226 | CurrentTaxYear |
| Total | 60245 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 36444619 | TotalSupport |
| Gross Receipts From Admissions Etc | 8803108 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.66150 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.75520 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49442261 | BeginningOfYearBalance |
| Contributions | 4348793 | Contributions |
| Investment Earnings Or Losses | -209697 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -1077055 | GrantsOrScholarships |
| Other Expenditures | -370969 | OtherExpenditures |
| Administrative Expenses | -1376750 | AdministrativeExpenses |
| End Of Year Balance | 50756583 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 39675569 | BeginningOfYearBalance |
| Contributions | 3556304 | Contributions |
| Investment Earnings Or Losses | 9082314 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -996170 | GrantsOrScholarships |
| Other Expenditures | -387255 | OtherExpenditures |
| Administrative Expenses | -1488501 | AdministrativeExpenses |
| End Of Year Balance | 49442261 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 35808943 | BeginningOfYearBalance |
| Contributions | 1466560 | Contributions |
| Investment Earnings Or Losses | 5095977 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -971364 | GrantsOrScholarships |
| Other Expenditures | -203674 | OtherExpenditures |
| Administrative Expenses | -1520873 | AdministrativeExpenses |
| End Of Year Balance | 39675569 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 45924097 | BeginningOfYearBalance |
| Contributions | 1460502 | Contributions |
| Investment Earnings Or Losses | -8487776 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | -889401 | GrantsOrScholarships |
| Other Expenditures | -459251 | OtherExpenditures |
| Administrative Expenses | -1739228 | AdministrativeExpenses |
| End Of Year Balance | 35808943 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.99000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 612334 | InvestmentCostOrOtherBasis |
| Book Value | 612334 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2209093 | OtherCostOrOtherBasis |
| Depreciation | 604269 | Depreciation |
| Book Value | 1604824 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1146335 | OtherCostOrOtherBasis |
| Depreciation | 800158 | Depreciation |
| Book Value | 346177 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2563335 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | SPLIT INTEREST AGREEMENT | Description |
| Amount | $557,825 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 557825 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ENDOWMENTS MANAGED BY THE EMU FOUNDATION ARE INTENDED TO BE USED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT EASTERN MICHIGAN UNIVERSITY. THE MAJORITY OF THE ENDOWMENTS WERE ESTABLISHED WITH VERY SPECIFIC DONOR RESTRICTIONS REGARDING HOW THE AVAILABLE FUNDING CAN BE USED. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2009. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BOB LUTZ DINNER | NameOfEvent1 |
| Gross Receipts Event1 | 29431 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 15347 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 14084 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 980 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 13091 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 4056 | OtherDirectExpensesEvent1 |
| Name Of Event2 | EMU FOOTBALL GOLF OUTING | NameOfEvent2 |
| Gross Receipts Event2 | 24675 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 9034 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 15641 | GrossRevenueEvent2 |
| Non Cash Prizes Event2 | 100 | NonCashPrizesEvent2 |
| Food And Beverage Event2 | 5352 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 4608 | EntertainmentEvent2 |
| Total Number Of Other Events | 5 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 69015 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 39033 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 29982 | GrossRevenueOtherEvents |
| Non Cash Prizes Other Events | 7970 | NonCashPrizesOtherEvents |
| Food And Beverage Other Events | 10495 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 13152 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 1689 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 123121 | GrossReceiptsTotal |
| Charitable Contributions Total | 63414 | CharitableContributionsTotal |
| Gross Revenue Total Events | 59707 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 8070 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 980 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 28938 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 17760 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 5745 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 61493 | DirectExpenseSummaryEvents |
| Net Income Summary | -1786 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| EASTERN MICHIGAN UNIVERSITY | |||||||
| 1000 COLLEGE PLACE | YPSILANTI | MI | 48197 | 386005986 | IRC SEC. 115 | 3025963 | GIFT ALLOCATION TO EMU. |
| EASTERN MICHIGAN UNIVERSITY | |||||||
| 1000 COLLEGE PLACE | YPSILANTI | MI | 48197 | 386005986 | IRC SEC. 115 | 1456024 | ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE EASTERN MICHIGAN UNIVERSITY FOUNDATION ACTS AS AN AGENT ON BEHALF OF EASTERN MICHIGAN UNIVERSITY (EMU). GIFTS RECEIVED FOR THE BENEFIT OF EMU STUDENTS AND PROGRAMS ARE RECEIVED BY THE EMU FOUNDATION, THE DONORS ARE RECEIPTED AND THE FUNDS ARE TRANSFERRED TO EMU WHERE SPENDING IS MONITORED BY THE EMU ACCOUNTING DEPARTMENT. WITH RESPECT TO ENDOWMENT SPENDING, THE EMU FOUNDATION PROVIDES EMU WITH AN ANNUAL SPENDING BUDGET FOR EACH ENDOWMENT. SPENDING IS MONITORED BY EMU ACCOUNTING AND AT THE END OF EACH FISCAL YEAR EMU WILL INVOICE THE EMU FOUNDATION FOR SPENDING WHICH HAS TAKEN PLACE. ONCE THAT INVOICE HAS BEEN RECONCILED AGAINST THE BUDGET, THE EMU FOUNDATION WILL REIMBURSE EMU FROM THE APPROPRIATE ENDOWMENT ACCOUNTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS STEVICK | NamePerson |
| Base Compensation Filing Org | 220640 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 24200 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 52241 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 297081 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 165675 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE EMU FOUNDATION DOES NOT USE A THIRD PARTY TO SOLICIT GIFTS OF STOCK; THESE GIFTS ARE SOLICITED BY OUR DEVELOPMENT STAFF JUST LIKE ANY OTHER GIFTS WOULD BE. THE FOUNDATION DOES HAVE A BROKERAGE ACCOUNT SET UP IN WHICH GIFTS OF STOCK ARE TRANSFERRED TO. AFTER THE STOCK TRANSFER HAS SETTLED, THE EMU FOUNDATION CFO INITIATES THE SALE OF STOCK AS SOON AS POSSIBLE AFTER THE STOCK IS RECEIVED (USUALLY THE NEXT BUSINESS DAY). THE BROKER THEN SELLS THE STOCK. THE NET PROCEEDS FROM THE STOCK SALE ARE THEN TRANSFERRED INTO THE EMU FOUNDATION'S CHECKING ACCOUNT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MATTHEW EVETT, SUSAN MARTIN, JACLYNN TRACY AND THOMAS STEVICK HAVE A BUSINESS RELATIONSHIP, THEY ARE ALL EMPLOYED BY EASTERN MICHIGAN UNIVERSITY. | |
| FORM 990, PART VI, SECTION A, LINE 7A | FULL BOARD OF TRUSTEES MUST APPROVE/ELECT INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. EASTERN MICHIGAN UNIVERSITY HAS THE RIGHT TO NAME SEVERAL OF THE TRUSTEES OF THE EMU FOUNDATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CFO PROVIDES A DRAFT COPY OF THE 990 TO ALL MEMBERS OF THE INVESTMENT & FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. THE CFO DOES NOT SIGN THE RETURN ON BEHALF OF THE FOUNDATION UNTIL ALL MEMBERS OF THESE COMMITTEES CONFIRMED VIA EMAIL THAT THEIR REVIEW WAS COMPLETE AND THAT ANY QUESTIONS THEY HAD WERE ADDRESSED SATISFACTORILY. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ON AN ANNUAL BASIS, WITH THE UNDERSTANDING THAT THIS QUESTIONNAIRE SHOULD BE COMPLETED AND RETURNED TO THE EMU FOUNDATION. REMINDERS ARE SENT PERIODICALLY DURING THE YEAR TO ENSURE THAT QUESTIONNAIRES HAVE BEEN RECEIVED BY ALL VOTING MEMBERS OF THE BOARD. ANY VOTING TRUSTEE WHO HAS A POSSIBLE CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER SHALL NOT VOTE OR EXERCISE HIS OR HER PERSONAL INFLUENCES IN THE DISPOSITION OF THE MATTER. | |
| THE EXECUTIVE DIRECTOR HAD HIS COMPENSATION PACKAGE APPROVED BY EASTERN MICHIGAN UNIVERSITY, AN UNRELATED ORGANIZATION. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET AND REVIEWED ANNUALLY BY THE EXECUTIVE DIRECTOR OF THE EMU FOUNDATION. | ||
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -2,038,265. CHANGE IN CASH SURRENDER VALUE OF INSURANCE 6,290. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 215,182. EQUITY TRANSFERS FROM EASTERN MICHIGAN UNIVERSITY 126,150. TOTAL TO FORM 990, PART XI, LINE 5: -1,690,643. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANNED REAL ESTATE CORP | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1349 SOUTH HURON ST | AddressLine1 |
| City | YPSILANTI | City |
| State | MI | State |
| ZIP Code | 48197 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383505090 | EIN |
| Primary Activities | TITLE HOLDING COMPANY | PrimaryActivities |
| Legal Domicile State | MI | LegalDomicileState |
| Exempt Code Section | IRC SEC. 501(C)(2) | ExemptCodeSection |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EASTERN MICHIGAN UNIVERSITY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 1 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Comments