2011-02-11T11:00:05-06:00 2010-06-30 CROWE HORWATH LLP 10 West Broad Street Suite 1700 Columbus OH 432153713 990 2009-07-01 237019799 WRIGHT STATE UNIVERSITY FOUNDATION INC WRIG 9377752869 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 ROBERT T BATSON 2011-02-11 true 6144690001 2009 2016-02-24 21:20:13Z REBECCA S COLE 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 20719373 false X HTTP://WSUFOUNDATION.WRIGHT.EDU X 1966 OH TO SECURE, MANAGE, AND DISTRIBUTE PRIVATE SUPPORT TO ENHANCE THE GROWTH AND DEVELOPMENT OF WRIGHT STATE UNIVERSITY SUCH THAT IT CAN PROVIDE QUALITY EDUCATIONAL EXPERIENCES FOR STUDENTS, CONDUCT SCHOLARLY RESEARCH, AND SERVICE THE COMMUNITY. 28 28 3 100 0 9890021 11826055 0 0 -490201 2249760 60843 176349 9460663 14252164 11631071 10635734 0 0 369720 564301 0 0 602778 999674 822057 13000465 12022092 -3539802 2230072 85053596 97433960 3193598 2444691 81859998 94989269 TO SECURE, MANAGE, AND DISTRIBUTE PRIVATE SUPPORT TO ENHANCE THE GROWTH AND DEVELOPMENT OF WRIGHT STATE UNIVERSITY SUCH THAT IT CAN PROVIDE QUALITY EDUCATIONAL EXPERIENCES FOR STUDENTS, CONDUCT SCHOLARLY RESEARCH, AND SERVICE THE COMMUNITY. false false 6622454 6622454 0 SUPPORT FOR VARIOUS ACADEMIC AND SUPPORT FUNCTIONS AT WRIGHT STATE UNIVERSITY ALLOWS ADMINISTRATORS FLEXIBILITY TO DELIVER QUALITY PROGRAMS TO THEIR CONSTITUENCIES. THESE CONTRIBUTIONS SUPPLEMENT THE UNIVERSITY'S BUDGET ALLOCATION AND ALLOW PROGRAM MANAGERS TO OFFER UNIQUE AND CREATIVE LEARNING OPPORTUNITIES FOR STUDENTS. PROCEEDS ALSO ARE USED TO CONSTRUCT, RENOVATE AND REHABILITATE UNIVERSITY FACILITIES. DURING THE PRIOR YEAR, THE UNIVERSITY'S LAKE CAMPUS BRANCH COMPLETED A RENOVATION AND CONSTRUCTION PROJECT THAT FEATURED NEW STUDENT SERVICES FACILITIES, A NEW SCIENCE WING AND A MULTIPURPOSE FACILITY WITH RECREATION, MEETING AND STUDY SPACE ALONG WITH AMENITIES FOR THEATER AND BANQUET-STYLE ACTIVITIES. THIS PROJECT WAS LARGELY UNDERWRITTEN BY PRIVATE CONTRIBUTIONS THAT THE FOUNDATION CONTINUED TO PROCESS DURING THE CURRENT YEAR. 2731152 2731152 0 STUDENTS AT WRIGHT STATE UNIVERSITY RECEIVE A QUALITY EDUCATION THAT IS PAID PARTLY BY TUITION AND PARTLY BY STATE SUBSIDY. THE LATTER REVENUE SOURCE HAS DECLINED IN RECENT YEARS THEREBY MAKING IT MORE DIFFICULT TO FINANCE A COLLEGE EDUCATION. ALTHOUGH WRIGHT STATE REMAINS ONE OF THE MOST AFFORDABLE PUBLIC INSTITUTIONS IN OHIO, THE FOUNDATION SEEKS TO OFFSET THE LOSS OF STATE TUITION SUBSIDIES BY RAISING PRIVATE CONTRIBUTIONS IN SUPPORT OF STUDENT TUITION PAYMENTS. DISTRIBUTIONS OF STUDENT FINANCIAL AID TOTALED $2,731,152 DURING THE YEAR. 766938 766938 0 SCHOLARLY RESEARCH IS A CORE PART OF WRIGHT STATE UNIVERSITY'S MISSION. THE FOUNDATION SEEKS TO ENHANCE FUNDING FOR THESE ACTIVITIES BY RAISING PRIVATE SUPPORT THAT PROVIDES PERSONNEL AND OPERATING COST COVERAGE FOR VARIOUS PROJECTS. MANY, ALTHOUGH NOT ALL, OF THE UNIVERSITY-SUPPORTED RESEARCH PROGRAMS ARE IN THE FIELD OF MEDICINE. 515190 515190 0 10635734 true true false false false false false false true true true false false false true false false false false false false true true true false false false false false false false false true false false false false true false false false true 5 0 true 3 true false false false false false false false false false 28 28 false false false false false false false true true false false true true true true true true false false false X X ROBERT T BATSON 9377752869 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 X CHRISTINE WALLACE 1 X X 0 0 0 BENJAMIN SCHUSTER MD 1 X X 0 0 0 WILLIAM H POHLMAN 1 X X 0 0 0 RONALD D AMOS 1 X X 0 0 0 DELORES WHITCRAFT 1 X 0 0 0 JOHN WARNER 1 X 0 0 0 ROBERT J SUTTMAN II 1 X 0 0 0 HOWARD STEVENS 1 X 0 0 0 VISHAL SOIN 1 X 0 0 0 DAVID ROER MD 1 X 0 0 0 RANDY E PHILLIPS 1 X 0 0 0 VICKI PEGG 1 X 0 0 0 DAVID MCSEMEK 1 X 0 0 0 JOHN LYMAN MD 1 X 0 0 0 JEFFREY LIGHTNER 1 X 0 0 0 W THOMAS KOOGLER 1 X 0 0 0 LAURENCE R KLABEN 1 X 0 0 0 KRISHAN JOSHI 1 X 0 0 0 JONAS GRUENBERG 1 X 0 0 0 THERESA GASPER 1 X 0 0 0 CHISTOPHER DUVAL 1 X 0 0 0 LORNA DAWES 1 X 0 0 0 BRIAN COOPER 1 X 0 0 0 RONALD CLOYD 1 X 0 0 0 MARIA CASTLEMAN 1 X 0 0 0 MARSHA BONHART 1 X 0 0 0 ERIC BIGLER 1 X 0 0 0 DONNA BACK 1 X 0 0 0 MICHELLE SHAW 10 X 0 42684 13872 BRYAN K ROWLAND 10 X 0 231595 49594 ROBERT T BATSON 10 X 0 100261 30274 0 374540 93740 0 false true false SEI 1 FREEDOM VALLEY DRIVE OAKS PA 19456 INVESTMENT MANAGEMENT 198747 1 0 0 0 0 0 11826055 317441 11826055 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3603091 0 0 3603091 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5113878 0 6467209 0 -1353331 0 -1353331 0 0 -1353331 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 176349 0 0 176349 0 0 0 0 0 0 0 0 0 0 0 0 176349 14252164 0 0 2426109 7926724 7926724 2709010 2709010 0 0 0 0 0 0 0 0 0 0 0 0 462076 0 141615 320461 0 0 0 0 102225 0 0 102225 0 0 0 0 0 0 0 0 18230 0 18230 0 27210 0 27210 0 0 0 0 0 0 0 450378 0 450378 0 151549 0 62500 89049 0 0 0 0 4844 0 90 4754 74121 0 12174 61947 0 0 0 0 0 0 0 0 19223 0 3987 15236 0 0 0 0 4303 0 0 4303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 68266 0 63463 4803 DEBT SERVICE 3933 0 3933 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12022092 10635734 783580 602778 0 0 0 0 1684324 1367680 3269128 771495 8112100 7416300 2600 0 0 0 0 0 0 0 0 0 6720 0 0 0 650000 0 56575724 69263657 13711948 16666908 0 0 0 0 1041052 1947920 85053596 97433960 103443 214393 0 0 0 0 0 0 0 0 0 0 400000 200000 0 0 2690155 2030298 3193598 2444691 X -587609 1799353 50013826 58594379 32433781 34595537 0 0 0 0 0 0 81859998 94989269 85053596 97433960 X false true true X false X 0 5290737 8756724 8215279 9890021 11826055 43978816 0 0 0 0 0 0 0 0 0 0 0 0 5290737 8756724 8215279 9890021 11826055 43978816 7457047 36521769 4510019 3307068 2409325 2738163 3603091 16567666 0 0 0 0 0 0 49544 17298 0 60843 176349 304034 60850516 0 0.60019 0.4698 X OTHER INCOME, FORM 990, SCHEDULE A, PART II, SECTION B, LINE 10, 2005 $49,544 2006 $17,298 2007 NONE 2008 $60,843 2009 $176,349 TOTAL OTHER INCOME $304,034, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33209002 2850582 5978547 2689320 39348811 37504322 5341294 -8993698 642916 33209002 0.0343 0.0865 0.8792 false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ALTERNATIVE ASSETS 15623768 F LIMITED PARTNERSHIPS 1043140 F 16666908 0 DEPOSITS HELD FOR OTHERS 1096633 ANNUITIES PAYABLE 124400 DUE TO WRIGHT STATE UNIVERSITY 809265 2030298 14252164 12022092 2230072 10539275 0 0 0 359924 10899199 13129271 24050985 10539275 0 0 359924 10899199 13151786 450378 650000 1100378 14252164 10921714 0 0 0 0 0 10921714 450378 650000 1100378 12022092 Intended uses of endowment funds Schedule D, Part V, Line 4 ENDOWMENT FUNDS HAVE BEEN ESTABLISHED WITH THE FOUNDATION TO SUPPORT THREE MAJOR PROGRAM AREAS; ACADEMIC AND SUPPORT PROGRAMS, STUDENT FINANCIAL AID AND RESEARCH. SPECIFICALLY, ENDOWMENTS FUND PROGRAM OPERATIONS, STUDENT SCHOLARSHIPS AND AWARDS, DEPARTMENT CHAIR POSITIONS, PROFESSORSHIPS, STUDENT SUPPORT PROGRAMS AND INDIVIDUAL RESEARCH PROJECTS. FIN 48 footnote Schedule D, Part X, Line 2 THE FOUNDATION ADOPTED GUIDANCE ISSUED BY THE FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JULY 1, 2009. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ADOPTION HAD NO EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2007. THE FOUNDATION DOES NOT HAVE ANY TAX BENEFITS RECORDED AT JUNE 30, 2010, AND DOES NOT EXPECT THAT POSITION TO SIGNIFICANTLY CHANGE IN THE NEXT YEAR. THE FOUNDATION WOULD RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE, IF APPLICABLE, AND THERE WERE NO AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2010. Other changes in net assets Schedule D, Part XI, Line 8 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 359924; OTHER - 0; TOTAL - 359924 Other revenues in audited financial statements not in form 990 Schedule D, Part XII, Line 2d CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - 359924; OTHER - 0; TOTAL - 359924 Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b LAND TRANSFERRED TO WRIGHT STATE UNIVERSITY - 650000; OTHER - 0; TOTAL - 650000 Other expenses in form 990 not in audited financial statements Schedule D, Part XIII, Line 4b LAND TRANSFERRED TO WRIGHT STATE UNIVERSITY - 650000; OTHER - 0; TOTAL - 650000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INVESTMENTS 0 0 true WRIGHT STATE UNIVERSITY 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 310732831 GOVT ORG 7276724 650000 BOOK LAND INSTITUTIONAL SUPPORT 1 0 SCHOLARSHIPS 941 2695282 0 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 ALL GRANT FUNDS ARE AWARDED TO THE INDIVIDUAL AND THEN GIVEN TO THE FINANCIAL AID OFFICE OF WRIGHT STATE UNIVERSITY, A RELATED TAX-EXEMPT ORGANIZATION, TO BE CREDITED TO THE INDIVIDUAL'S STUDENT ACCOUNT FOR EDUCATIONAL SCHOLARSHIPS, PROGRAM SUPPORT, RESEARCH, ATHLETICS AND OTHER GRANTS. false false false false false false false false false BRYAN K ROWLAND 0 221860 0 0 0 9735 0 29531 0 20063 0 281189 0 0 X 6 317441 MARKET VALUE 0 false true false Description of other program services Form 990, Part III, Line 4d ATHLETIC PROGRAMS $430,493 MISCELLANEOUS GRANTS $84,697 Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A PRIOR TO FILING WITH THE IRS, THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE. THE FULL DOCUMENT IS PRESENTED TO THE COMMITTEE AND STAFF PROVIDES AN OVERVIEW OF THE INFORMATION CONTAINED IN THE REPORT. ONCE THE AUDIT COMMITTEE IS SATISFIED THAT THE FORM IS ACCURATELY COMPLETED, IT APPROVES THE FORM FOR FILING. PRIOR TO FILING, THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE FOUNDATION BOARD ON JANUARY 25, 2011. Conflict of interest policy Form 990, Part VI, Section B, Line 12c TRUSTEES OF WRIGHT STATE UNIVERSITY FOUNDATION, INC. (THE FOUNDATION) ARE ANNUALLY REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT AND TO DISCLOSE ANY POTENTIAL CONFLICTS THAT MAY EXIST. THESE DISCLOSURES ARE REVIEWED BY THE FOUNDATION'S ASSISTANT TREASURER. THIS POSITION IS RESPONSIBLE FOR REVIEWING AND APPROVING ALL OPERATING EXPENDITURES AUTHORIZED BY THE ANNUAL FOUNDATION BUDGET. SUCH AUTHORIZATIONS ARE MADE IN LIGHT OF THE ASSISTANT TREASURER'S KNOWLEDGE OF CONFLICT DISCLOSURES. TRUSTEES ARE EXPECTED TO ABSTAIN FROM SELF-DEALING AND ANY VOTES THAT MAY BE BIASED BY PERSONAL CONFLICTS OF INTEREST. THE ANNUAL DISCLOSURE PROCEDURE HELPS THEM IDENTIFY AND AVOID SUCH CONDITIONS. Public Disclosure Form 990, Part VI, Section C, Line 19 IN GENERAL, DOCUMENTS MAINTAINED BY WRIGHT STATE UNIVERSITY FOUNDATION, INC. (THE FOUNDATION) ARE SUBJECT TO THE STATE OF OHIO'S PUBLIC RECORDS LAW, WHICH GENERALLY HOLDS THAT ALL REQUESTS FOR DOCUMENTS WILL BE FULFILLED. THE FOUNDATION'S ANNUAL FINANCIAL STATEMENTS ARE ALSO PUBLISHED ON ITS WEB SITE. REQUIRED FEDERAL EMPLOYMENT TAX RETURNS AND BACKUP WITHHOLDING FORM 990, PART I, LINE 5, PART V, LINE 2, PART VI, LINE 15 AND SCHEDULE R WRIGHT STATE UNIVERSITY FOUNDATION, INC. (WSUF) WAS INCORPORATED TO RECEIVE AND HOLD GIFTS, GRANTS AND BEQUESTS OF MONEY AND PROPERTY FOR THE BENEFIT OF WRIGHT STATE UNIVERSITY (WSU) AND ITS STUDENTS AND FACULTY. WSUF HAS NO EMPLOYEES OF ITS OWN, BUT SEVERAL WSU EMPLOYEES PROVIDE STAFF SUPPORT. ALTHOUGH WSUF IS A LEGALLY SEPARATE, TAX-EXEMPT ENTITY, IT HAS BEEN DETERMINED THAT IT DOES MEET THE CRITERIA FOR DISCRETE PRESENTATION WITHIN WSU'S FINANCIAL STATEMENT. BASED ON THE IRS INSTRUCTIONS FOR SCHEDULE R, WSUF AND WSU ARE NOT CONSIDERED RELATED BASED ON THE DEFINITIONS PROVIDED. HOWEVER, TO PROVIDE TRANSPARENCY AND CLARITY TO THE READER THE FORM 990 HAS BEEN PRESENTED AS WSUF AND WSU BEING RELATED ENTITIES TO ACCURATELY REFLECT THE ON-GOING OPERATIONS. AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS PART VII, SECTION A, LINE 1 VISHAL SOIN - 1 HOUR PER WEEK TO WRIGHT STATE UNIVERSITY LAURENCE KLABEN - 1 HOUR PER WEEK TO WRIGHT STATE UNIVERSITY BRYAN K. ROWLAND - 30 HOURS PER WEEK TO WRIGHT STATE UNIVERSITY MICHELLE SHAW - 30 HOURS PER WEEK TO WRIGHT STATE UNIVERSITY ROBERT T. BATSON - 30 HOURS PER WEEK TO WRIGHT STATE UNIVERSITY PROCESS USED TO ESTABLISH COMPENSATION OF OFFICERS/KEY EMPLOYEES/TOP MANAGEMENT OFFICIALS FORM 990, PART VI, SECTION B, LINE 15A AND LINE 15B THE COMPENSATION OF THE OFFICERS OF THE ORGANIZATION IS DETERMINED AT THE WRIGHT STATE UNIVERSITY LEVEL AND NOT AT THE ORGANIZATION. THE ORGANIZATION DOES NOT HAVE POLICIES AND PROCEDURES OF ITS OWN FOR COMPENSATION. THEREFORE, QUESTIONS 15A AND 15B HAVE BEEN CORRECTLY ANSWERED AS NO. WRIGHT STATE UNIVERSITY 3640 COLONEL GLENN HIGHWAY DAYTON OH 454350001 310732831 EDUCATION OH 501(C)(1) N/A NA false true false false false false false true false false true true true true true false false false