2012-11-15T07:24:10-06:00 2012-06-30 ANDREWS HOOPER PAVLIK PLC 4295 OKEMOS RD STE 200 OKEMOS MI 488646201 990 2011-07-01 237326030 MICHIGAN STATE UNIVERSITY FOUNDATION MICH 5173539268 2727 ALLIANCE DR ROOM/SUITE C LANSING MI 48910 GEORGE C BENSON 5173539268 2012-11-07 true JULIE M PFEIFLE 5177060800 2012-11-14 2011 2016-02-24 21:20:13Z GEORGE BENSON 2727 ALLIANCE DR SUITE C LANSING MI 48910 238577765 false X WWW.MSUFOUNDATION.MSU.EDU 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. 18 17 7 20 -121113 -280903 6164570 8950502 0 18866258 5957121 -1358869 -2082645 23671959 12824978 11417512 15337320 0 976493 1047629 0 157144 4009958 4148417 16403963 20533366 7267996 -7708388 387139714 375444871 27205321 33329625 359934393 342115246 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 16826135 15337320 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, AND PROVIDING FACILITIES AND BUILDING SITES AT THE UNIVERSITY CORPORATE RESEARCH PARK FOR TECHNOLOGY ENTERPRISES, UNIVERSITY TECHNOLOGY-DEVELOPMENT INITIATIVES, AND UNIVERSITY/INDUSTRY COLLABORATIONS. 16826135 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 true true false false true true true true true false true X 220 0 true 7 true false true CJ false false false false false false false true false false X 18 17 false false false false false false false true true false false false true true true true true true true false MI NH X TRACI CANNON 5173539268 2727 ALLIANCE DR STE C LANSING MI 48910 GEORGE BENSON 45.00 X X 243260 0 46562 CRAIG BROWN 2.00 X 0 0 0 KAREN WOLF 2.00 X 0 0 0 FRED POSTON 2.00 X 0 0 0 JOHN GORMAN 2.00 X 0 0 0 RONALD GOLDSBERRY 2.00 X 0 0 0 GREGORY BRADBURY 2.00 X 0 0 0 RANDOLPH COWEN 2.00 X 0 0 0 JOAN GARETY 2.00 X 0 0 0 ROBERT BURGESS 2.00 X 0 0 0 ALEXANDER MCAREE 2.00 X 0 0 0 JOHN MCLANE 2.00 X 0 0 0 GLENN SCHAFER 2.00 X 0 0 0 PHILIP HICKEY 2.00 X 0 0 0 PHILIP ZECHER 2.00 X 0 0 0 ROY PARROTT 2.00 X 0 0 0 MELANIE FOSTER 2.00 X 0 0 0 MITCH LYONS 2.00 X 0 0 0 TRACI CANNON 45.00 X 141590 0 31772 384850 78334 2 false true false JOHN E GREEN GROUP 1125 NORTH CEDAR ST MASON MI 48854 CONTRACTOR 953194 GREYERBIEHL & ASSOCIATES 6315 RUTHERFORD AVE EAST LANSING MI 48823 PROPERTY MNGT 879265 DICKINSON WRIGHT 215 S WASHINGTON SQ STE 200 LANSING MI 48933 LEGAL 607875 CUMMINS BRIDGEWAY LLC 4494 SOLUTIONS CENTER CHICAGO IL 60677 CONTRACTOR 498750 PARKWAY ELECTRIC AND COMMUNICATIONS 11952 JAMES ST HOLLAND MI 49424 CONTRACTOR 379639 14 32060 8918442 3415737 8950502 -1947181 -1947181 1746200 3633872 -1887672 -1887672 73860 -1961532 230023217 222118915 7904302 7904302 7904302 KING STREET CAPITAL 900099 73001 73001 SENTINEL CAPITAL IV 900099 27548 27548 WALTON STREET VI 900099 23504 23504 -319026 -319026 -194973 12824978 -121113 3995589 15337320 15337320 463184 231592 162115 69477 364889 182445 127711 54733 25618 12809 8966 3843 145347 72674 50871 21802 48591 24295 17007 7289 1024620 965000 59620 47344 47344 2220946 2220946 32622 32622 9237 9237 47872 47872 10355 10355 25632 25632 20741 20741 19359 19359 BAD DEBT 500000 500000 PARK MAINTENANCE 92168 92168 GIFT LIABILITY ADJUSTMENT 81358 81358 BUILDING EXPENSES 15661 15661 502 502 20533366 16826135 3550087 157144 193235 250419 1566428 3238634 118642 106837 33187458 17151355 13293436 16036103 209297117 189453560 145015854 154581095 17655002 11778223 387139714 375444871 3439390 3058466 23765931 30271159 27205321 33329625 X 315321977 296935547 30313291 30396993 14299125 14782706 359934393 342115246 387139714 375444871 X -7708388 -10110759 X false true true X false X 9016262 6199640 8252997 6164570 8950502 38583971 42750 46500 89250 9059012 6246140 8252997 6164570 8950502 38673221 5451026 33222195 14126859 9016962 4751404 10569558 -437154 38027629 373996 158062 532058 77232908 0.43020 0.34370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false 14299125 624219 278541 419179 14782706 12747669 152030 1758749 359323 14299125 11977544 107580 1211298 543943 4805 12747669 1.00000 false false false 4269333 517000 4786333 27986583 16772459 11214124 414542 378896 35646 16036103 LIMITED PARTNERSHIPS 115877947 F VENTURE CAPITAL INVESTMENTS 37702171 F IN-KIND GIFTS - Z COUPON BONDS 1000977 F 154581095 DEPOSIT HELD FOR MSU 15775036 ANNUITIES PAYABLE 9373801 NOTES PAYABLE 4124265 AMOUNTS HELD IN TRUST 433000 LOAN PAYABLE - LINE OF CREDIT 424396 LIFE ESTATE AGREEMENT OBLIGATIONS 140661 30271159 12824978 20533366 -7708388 -10110759 5930066 -4180693 -11889081 11327792 -10110759 47460 2636047 -7427252 18755044 -5930066 -5930066 12824978 23216873 47460 2636047 2683507 20533366 20533366 RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 EQUITY SUBSIDIARY LOSSES INCLUDED IN EXPENSES ON AFS 2,636,047 PRIOR PERIOD EQUITY SUBSIDIARY LOSS ADJUSTMENT ON AFS 5,930,066 EQUITY SUBSIDIARY LOSSES INCLUDED IN EXPENSES ON AFS -2,636,047 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D EQUITY SUBSIDIARY LOSSES INCLUDED IN EXPENSES ON AFS 2,636,047 REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B PRIOR PERIOD EQUITY SUBSIDIARY LOSS ADJUSTMENT ON AFS -5,930,066 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D EQUITY SUBSIDIARY LOSSES INCLUDED IN EXPENSES ON AFS 2,636,047 true MICHIGAN STATE UNIVERSITY BOARD OF TRUSTEES EAST LANSING MI 48824 386005984 3 15337320 SUPPORT UNIVERSITY 1 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES SCHEDULE I, PAGE 1, PART I, LINE 2 THE GRANTS ARE PAID DIRECTLY TO MICHIGAN STATE UNIVERSITY. GRANTS INCLUDE VARIOUS RESTRICTED CASH AND NON-CASH GIFTS RECEIVED BY THE FOUNDATION ON BEHALF OF MICHIGAN STATE UNIVERSITY. X X false false false false false false false false false GEORGE BENSON 212443 20500 10317 29556 17006 289822 TRACI CANNON 126247 15000 343 12014 19758 173362 X 6 145088 APPRAISAL/FMV X 620565 APPRAISAL/FMV X 75542 FMV X 1 576900 FMV X 11 44700 FMV X 1 325000 APPRAISAL X 1 201218 FMV X 82 136544 FMV X 39 92059 COST OF GOODS X ANIMALS 59 249958 APPRAISAL/FMV X EQUIPMENT 45 303191 FMV X TRANSPORTATION 9 26895 FMV X SOFTWARE 3 618077 FMV 9 false true true THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS SCHEDULE M, PAGE 1, PART I, LINE 32B MSU FOUNDATION UTILIZES MICHIGAN STATE UNIVERSITY EMPLOYEES TO SOLICIT NON-CASH CONTRIBUTIONS VIA PHONE, EMAIL, PERSONAL CONTACTS, ETC. MSU FOUNDATION PROCESSES THE NON-CASH CONTRIBUTIONS ONCE THEY ARE RECEIVED. ORGANIZATION'S MISSION 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. ADDITIONAL INFORMATION FORM 990 ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES FORM 990, PART V, LINE 4B CAYMAN ISLANDS, BERMUDA, BRITISH VIRGIN ISLANDS, CANADA ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE AUDIT CHAIRMAN REVIEWS THE 990 BEFORE FILING AS WELL AS THE EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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 EMPLOYMENT CONTRACT. IN ADDITION, COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED BY THE COMPENSATION COMMITTEE EACH YEAR AND COMPENSATION IS ADJUSTED ACCORDINGLY. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF THE FOUNDATION'S MANAGEMENT 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 DIRECTOR OF FINANCE WITH LOCAL AND NATIONAL COMPARITIVES TO JOB DESCRIPTIONS FOUND ON THE INTERNET AND WITHIN THE MSU STRUCTURE. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENTS SPARTAN INNOVATIONS 2727 ALLIANCE DR STE C LANSING MI 48910 460683865 ENTERPREN MI -202795 MSU FDTN UCRP B INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884948 REAL EST. MI 501C2 MSU FDTN true UCRP C INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884949 REAL EST. MI 501C2 MSU FDTN true UCRP D INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884951 REAL EST. MI 501C2 MSU FDTN true UCRP E INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884952 REAL EST. MI 501C2 MSU FDTN true UCRP F INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884953 REAL EST. MI 501C2 MSU FDTN true UCRP G INC 2727 ALLIANCE DR STE C LANSING MI 48910 386552712 REAL EST. MI 501C2 MSU FDTN true UCRP H INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884955 REAL EST. MI 501C2 MSU FDTN true UCRP I INC 2727 ALLIANCE DR STE C LANSING MI 48910 386552713 REAL EST. MI 501C2 MSU FDTN true UCRP J INC 2727 ALLIANCE DR STE C LANSING MI 48910 382884956 REAL EST. MI 501C2 MSU FDTN true MBI INTERNATIONAL INC 3815 TECHNOLOGY BLVD LANSING MI 48910 382418381 RESEARCH MI 501C3 7 MSU FDTN true BIO-BUSINESS INCUBATOR OF MI 3815 TECHNOLOGY BLVD LANSING MI 48910 383196014 CEASED OP MI 501C3 7 MBI true GRAND RIVER TECHNOLOGIES 3815 TECHNOLOGY BLVD LANSING MI 48910 382847447 CEASED OP MI N/A NATURA INC 3815 TECHNOLOGY BLVD LANSING MI 48910 383183302 COMMERICAL MI N/A BIOPLASTICS INC 3815 TECHNOLOGY BLVD LANSING MI 48910 383231098 RES & DEV MI N/A true true false false false false false false false false false false false false true true false true MBI INTERNATIONAL INC A 500000 COST MBI INTERNATIONAL INC B 3000000 COST UCRP I INC R 110568 COST