2011-01-14T16:05:01-06:00 2010-06-30 Eck Schafer & Punke LLP 600 East Adams Springfield IL 627011624 990 2009-07-01 376046814 Western Illinois University Foundation WEST 3092981861 1 University Circle Sherman Hall No 303 Macomb IL 614551390 TODD LESTER 3092981861 2011-01-14 1 Brent Leach 2175251111 2009 2016-02-24 21:20:13Z TODD LESTER 1 University Circle Sherman Hall No 303 Macomb IL 614551390 9296802 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. 40 40 0 355 -1492 -1492 4807660 7423837 0 1331798 1124978 947017 605510 7086475 9154325 2363061 2403592 0 0 0 36190 2170304 2617329 4533365 5020921 2553110 4133404 30391676 37265015 499759 645247 29891917 36619768 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. 0 0 2403592 2403592 Approximately, 2049 scholarships and awards were distributed during the year. Grant totals: Scholarships: 1,964,589; Faculty awards and grants $21,207; Education: $417,796 TOTAL: $2,403,592. 2351796 University: Provided financial support to departments, instructions, research, special projects, and other designated areas to enhance a variety of university programs. 4755388 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 52 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 40 40 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 IL X X WIU Foundation Office 3092981861 1 University Circle Sherman Hall Macomb IL 614551390 X Cathy E Early 0.60 X X 0 0 0 Todd V Lester 0.40 X X 0 0 0 Judith W Kerr 0.40 X X 0 0 0 John D McMillan 0.50 X X 0 0 0 Quinton D Baily 0.10 X 0 0 0 Larry T Balsamo 0.10 X 0 0 0 Robert K Baumann 0.10 X 0 0 0 Nye F Bouslog 0.00 X 0 0 0 Alfred D Boyer 0.10 X 0 0 0 Philip E Bradshaw 0.10 X 0 0 0 Patrick J Burke 0.10 X 0 0 0 Arthur D Chown 0.40 X 0 0 0 Donald H Dexter 0.10 X 0 0 0 Donald W Dieke 0.10 X 0 0 0 Larry D Ehmen 0.10 X 0 0 0 Lorraine Epperson 0.10 X 0 0 0 Nicholas H Estes 0.10 X 0 0 0 Charles H Flack 0.00 X 0 0 0 Marlin L France 0.40 X 0 0 0 James R Garner 0.10 X 0 0 0 Charles C Gilbert 0.50 X 0 0 0 John E Hallwas 0.10 X 0 0 0 William W Hamman 0.10 X 0 0 0 Franklin M Hartzell 0.00 X 0 0 0 Burnell A Heinecke 0.10 X 0 0 0 Karen B Henderson 0.10 X 0 0 0 Lawrence J Horvath 0.10 X 0 0 0 Diana T Irish 0.10 X 0 0 0 Laura J Janus 0.10 X 0 0 0 James S Lodico 0.40 X 0 0 0 Kathryn E Martin 0.00 X 0 0 0 Steven J McCann 0.10 X 0 0 0 J Dixson McRaven 0.00 X 0 0 0 David L Miller 0.10 X 0 0 0 Richard P Miller 0.10 X 0 0 0 John C Shanklin 0.10 X 0 0 0 Jack H Stites deceased 0.40 X 0 0 0 F Eugene Strode 0.40 X 0 0 0 Leland Thurman 0.10 X 0 0 0 Joan A Ufkes 0.10 X 0 0 0 Ron G Peterson 0.60 X 0 0 0 Daniel L Hendricks 37.50 X 0 83578 14462 Lisa L Krieg 37.50 X 0 33003 23250 Bradley L Bainter 37.50 X 0 97077 20376 Alvin Goldfarb 37.50 X 0 215011 0 Jack Thomas 37.50 X 0 167448 41704 Jacqueline K Thompson 37.50 X 0 156206 26710 0 752323 126502 0 0 1 0 0 17711 81791 7324335 585479 7423837 1093005 1093005 115941 115941 31973 31973 31973 31973 205980 17711 142477 63503 63503 Other income 900099 427558 427558 Farm income 111000 -1492 -1492 426066 9154325 459531 -1492 1272449 439003 439003 1964589 1964589 1361 610 751 34500 -34500 69000 17891 17891 62675 58380 4295 266334 262306 1610 2418 161169 160541 225 403 40867 40202 665 41220 18135 23085 Other contractual servi 1215836 1099049 111338 5449 Catering & food supplie 223361 201814 3344 18203 Equipment purchases/rem 169244 169244 Cost of sales 150356 150356 Printing & publications 100138 94679 37 5422 132377 130980 1397 5020921 4755388 229343 36190 2970453 2647665 1389173 2283259 32093 26062 1103104 1105206 1103104 23438784 28351943 1455967 2852982 30391676 37265015 109806 118610 133215 161608 256738 365029 499759 645247 X 11198181 13470094 6286929 8844274 12406807 14305400 29891917 36619768 30391676 37265015 X 0 1 1 X 0 X 4051788 4200919 5035731 4807660 7423837 25519935 927009 865280 643483 687034 756437 3879243 4978797 5066199 5679214 5494694 8180274 29399178 29399178 1015384 1315431 10397049 1732920 1208946 15669730 29202 11615 42073 45013 -1492 126411 533437 559671 1155237 117411 427558 2793314 47988633 1274562 0.61260 0.58770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 145220 1 1 20449241 1344890 2191143 555003 335833 46718 23047720 24857237 509999 -3434073 522905 923068 37948 20449242 0.41000 0.59000 0.00000 0 0 1103104 1103104 1103104 U.S. Treasury Notes 710490 F U.S. Treasury Bonds 477461 F U.S. Agency Obligations 1950540 F Corporate Debt Obligations 978625 F Corporate Equity Securities 128966 F International Equity Securities 1430191 F Cash Equivalents held in Investment Pools 1009864 F Absolute Return Funds 4203743 F Open-ended Mutual Funds 6176064 F Private Equity 844486 F Real Estate Exchange Traded Fund 1102250 F Equity Mutual Funds 4816964 F Municipal Bonds 20011 F Real Assets Tax-Exempt 186809 F Mutual Funds, International Equity 3564892 F Certificates of Deposit 750587 F 28351943 Other receivables 15142 Due from WIU 3733 Charitable remainder trusts 2254854 Cash Surrender value of life insurance policies 579253 2852982 Annuities payable 198308 Due to WIU 124503 Charitable remainder trust distributions payable 42218 365029 9154325 5020921 4133404 1231968 1254945 107534 2594447 6727851 10636304 1231968 250011 1481979 9154325 0 9154325 5163398 142477 142477 5020921 0 5020921 Part XI, Line 8 - Other Adjustments: Change in surrender value of life insurance: 49848. Change in value of charitable remainder trust: 57686. Part XII, Line 2d - Other Adjustments: Change in surrender value of life insurance: 49848. Special event expenses: 142477. Change in value of charitable remainder trusts: 57686. Part XIII, Line 2d - Other Adjustments: Special event expenses: 142477. 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. WAC Gala 124412 7698 116714 10529 66092 PAS Gala 70984 4773 66211 332 11675 31672 2 28295 5240 23055 120 4404 17653 223691 17711 205980 452 26608 115417 142477 63503 1 Western Illinois University 1 University Circle Macomb IL 61455 370910458 439003 FMV WIU faculty awards and grants, education 1 WIU Student Scholarships 2049 1964589 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Grants to individuals are in the form of scholarships. The Foundation 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 0 0 0 0 0 0 0 0 0 Alvin Goldfarb 0 215011 0 0 0 0 0 0 0 0 0 215011 0 0 Jack Thomas 0 167448 0 0 0 0 0 0 0 41704 0 209152 0 0 Jacqueline K Thompson 0 156206 0 0 0 0 0 0 0 26710 0 182916 0 0 X 47 50254 Fair market value X 28676 Fair market value X 36005 Fair market value X 1353 34530 Fair market value X 46 11329 Fair market value X 38 23552 Fair market value X Computer Equipment 4 32687 Fair market value X Tree 1 500 Fair market value X Gift Certificate 219 85772 Fair market value X Equipment 11 191879 Fair market value X Other 3 7165 Fair market value 0 0 0 Form 990, Part VI, Section A, line 2 John McMillan (Board Director) is the husband of Cathy McMillan (Non-voting, Ex-Officio Director). Meredith Berg (Hancks)(Non-voting Ex-Officio Director) is the wife of Jeffrey Hancks (Non-voting Ex-Officio Director). Amy Spelman (Non-Voting Ex-Officio Director) is the wife of Bradley Bainter (Non-Voting Ex-Officio Director). John McMillan (Board Director-Professional) and Doug March (Board Director) are each lawyers and one third owners in the law firm of March, McMillan, and DeJoode, PC. 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 Key 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 key 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 key employee searches. Form 990, Part VI, Section C, line 19 990 Tax Forms from 2006 through the present 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 VII Contact Addresses for Officers, Directors, Etc Cathy E. Early - 1221 West Jackson, Macomb, IL 61455. Todd V. Lester - 20 Lake Michael Drive, Macomb, IL 61455. Judith W. Kerr - 545 Maryland Road, Macomb, IL 61455. John D. McMillan - P.O. Box 443, Macomb, IL 61455. Quinton D. Baily - 309 E. Co. Hwy. 3, Table Grove, IL 61482. Robert K. Baumann - 2540 N 1800 Rd, Blandinsville, IL 61420. Nye F. Bouslog - 804 Madelyn Avenue, Macomb, IL 61455. Alfred D. Boyer - 542 The Strand, Hermosa Beach, CA 90254. Philip E. Bradshaw - 29497 410th Street, Griggsville, IL 62340. Patrick J. Burke - 201 W. Carroll, Macomb, IL 61455. Arthur D. Chown - 108 Kurlene Drive, Macomb, IL 61455-1008. Donald H. Dexter - 1601 Tower Road, Macomb, IL 61455. Donald W. Dieke - 601 East Jefferson, Macomb, IL 61455. Larry D. Ehmen - 735 McKee Drive, Quincy, IL 62305. Lorraine Epperson - 119 North Randolph, Macomb, IL 61455. Nicholas H. Estes - P.O. Box 253, Macomb, IL 61455. Charles H. Flack - 907 Oak View Drive, Macomb, IL 61455. Marlin L. France - 821 South Pearl, Macomb, IL 61455. James R. Garner - 1103 Hawthorn Ridge, Macomb, IL 61455. Charles C. Gilbert - P.O. Box 447, Nauvoo, IL 62354. John E. Hallwas - 31 Shorewood Drive, Macomb, IL 61455. William W. Hamman - 102 Amberwood Drive, Longwood, FL 32779-2143. Franklin M. Hartzell - P.O. Box 70, Carthage, IL 62321. Burnell A. Heinecke - 1604 Lowell Avenue, Springfield, IL 62704. Karen B. Henderson - 9520 N 990th Road, Macomb, IL 61455. Lawrence J. Horvath - First St. Bank of Bloomington, 204 N. Prospect Road, Bloomington, IL 61704. Diana T. Irish - P.O. Box 510, La Harpe, IL 61450. Laura J. Janus - 1 North Wacker Drive, Suite 700, Chicago, IL 60606-2813. James S. Lodico - 415 Ridge Drive, Geneseo, IL 61254. Kathryn E. Martin - 118 Fawn Ridge, Macomb, IL 61455. Steven J. McCann - McGladrey & Pullen, LLP, 201 N. Harrison, Ste. 300, Davenport, IA 52801-1999. J. Dixson McRaven - 702 East Franklin, Macomb, IL 61455. David L. Miller - 505 East Grant, Suite 103, Macomb, IL 61455. Richard P. Miller - 16 Alder Court, Bloomington, IL 61704. John C. Shanklin - 348 West Hurst, Bushnell, IL 61422. F. Eugene Strode - R.R. 1 Box 66A, Frederick, IL 62639. Leland Thurman - 6 Sunset Lane, Bushnell, IL 61422. Joan A. Ufkes - 409 South Madison, Carthage, IL 62321. Daniel L. Hendricks - 9145 Settlers Rdg, St. John, IN 46373-8754. Ron G. Peterson - P.O. Box 507 (128 East Main), La Harpe, IL 61450-0507. Western Illinois University 1 University Circle Macomb IL 61455 370910458 Education IL 115a N/A 0 0 1 0 0 1 0 0 0 0 1 0 1 1 1 0 0 0