2024-05-09T12:04:16-05:00 2023-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2022-07-01 386115813 FERRIS FOUNDATION FERR 2315912365 420 OAK STREET PRAKKEN 101 BIG RAPIDS MI 493072031 AMANDA MATHESON TREASURER 2315912365 2024-05-06 1 AMANDA MATHESON 999009999 0 DORI J EGGETT P00645252 3037409400 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER SHAW 420 OAK STREET PRAKKEN 101 BIG RAPIDS MI 493072031 13773684 0 X WWW.FERRIS.EDU/FOUNDATION X 1991 MI THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY. 30 26 0 26 8141 0 7307406 5917082 0 0 5768248 2575929 -81975 -126038 12993679 8366973 7346934 6599973 0 0 0 0 0 0 136515 629035 584984 7975969 7184957 5017710 1182016 118188680 123419079 146985 131026 118041695 123288053 THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY. 0 0 6599973 6599973 OUR MISSION IS ACCOMPLISHED THROUGH: A COMPREHENSIVE, AGGRESSIVE, AND ETHICAL PRIVATE FUNDRAISING PROGRAM TARGETED TOWARD IDENTIFIED UNIVERSITY NEEDS AND GOALS; AGGRESSIVE, YET PRUDENT, FISCAL MANAGEMENT OF LONG-TERM PRIVATE ASSETS; AND ENTHUSIASTIC AND ETHICAL ADVOCACY OF THE UNIVERSITY AMONG ALL ITS CONSTITUENTS. 6599973 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 30 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MI X X GAIL TAYLOR 2315913888 420 OAK STREET BIG RAPIDS MI 49307 ROBERT MURRAY EXECUTIVE DIRECTOR 0.30 40.00 X X 0 148563 38601 JENNIFER SHAW EXECUTIVE DIRECTOR 20.00 40.00 X X 0 0 0 ARLEN-DEAN GADDY CHAIR ELECT 0.30 0.00 X X 0 0 0 EMILY HANCOCK SECRETARY 0.30 0.00 X X 0 0 0 KURT HOFMAN IMMEDIATE PAST-CHAIR 0.30 0.00 X X 0 0 0 TIM MURPHY CHAIR 0.30 0.00 X X 0 0 0 DR DAVD PILGRIM BOARD MEMBER 0.30 40.00 X 0 236926 47979 SUSAN JONES BOARD MEMBER 0.30 40.00 X 0 171311 39882 BARBARA BENDA BOARD MEMBER 0.30 40.00 X 0 119178 35266 RUSSELL VISNER BOARD MEMBER 0.30 0.00 X 0 0 0 DR ALTON SMITH BOARD MEMBER 0.30 0.00 X 0 0 0 GARY GRANGER BOARD MEMBER 0.30 0.00 X 0 0 0 JACK ROBERTS BOARD MEMBER 0.30 0.00 X 0 0 0 HOWARD C STROSS BOARD MEMBER 0.30 0.00 X 0 0 0 CHRISTINE VISNER BOARD MEMBER 0.30 0.00 X 0 0 0 MATTHEW NAWROCKI BOARD MEMBER 0.30 0.00 X 0 0 0 DR JOHN ENGELMAN II BOARD MEMBER 0.30 0.00 X 0 0 0 DR THOMAS P SCHOLLER BOARD MEMBER 0.30 0.00 X 0 0 0 KEVIN SIMON BOARD MEMBER 0.30 0.00 X 0 0 0 DR JEAN K ELDER BOARD MEMBER 0.30 0.00 X 0 0 0 KEVIN CROSS BOARD MEMBER 0.30 0.00 X 0 0 0 MATTHEW BISSETT BOARD MEMBER 0.30 0.00 X 0 0 0 PAUL DOYLE BOARD MEMBER 0.30 0.00 X 0 0 0 DENISE GRAVES BOARD MEMBER 0.30 0.00 X 0 0 0 DR DANA KING BOARD MEMBER 0.30 0.00 X 0 0 0 JENIFER CUTTER BOARD MEMBER 0.30 0.00 X 0 0 0 ANDREW KALINOWSKI BOARD MEMBER 0.30 0.00 X 0 0 0 RICHARD SHAW BOARD MEMBER 0.30 0.00 X 0 0 0 KENNETH BAILEY BOARD MEMBER 0.30 0.00 X 0 0 0 TERRY STEWART BOARD MEMBER 0.30 0.00 X 0 0 0 DR BILL PINK PRESIDENT, FERRIS STATE UNIVERSITY 0.30 40.00 X 0 249533 27431 JIM BACHMEIER TREASURER 1.00 40.00 X 0 227000 44059 0 1152511 233218 0 0 1 0 0 198948 5718134 733423 5917082 1548192 8141 1540051 6305426 5277689 1027737 1027737 1027737 2984 198948 129022 -126038 -126038 8366973 0 8141 2441750 6599973 6599973 6000 6000 472235 335720 136515 13237 13237 3501 3501 10629 10629 18333 18333 9931 9931 BANK CHARGES AND OTHER 40662 40662 CONF. FEE (NON TRAVEL) 5260 5260 DUES AND MEMBERSHIPS 4940 4940 AWARD PRIZES NON SCHOLA 256 256 7184957 6599973 448469 136515 513906 562150 3342991 3938415 2744410 2880212 11646675 15513199 99940698 100525103 118188680 123419079 50877 44430 96108 86596 146985 131026 X 24832534 23427923 93209161 99860130 118041695 123288053 118188680 123419079 X 1182016 3874834 189508 X 0 1 X 1 0 X X 1 FERRIS STATE UNIVERSITY 386005159 6 1 5626641 774751 1 5626641 774751 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113015293 4768161 6436869 3159883 1341140 119719300 116055893 4760965 -3614331 -3460539 -726965 113015293 87265749 2455316 -3321070 -3321070 -621876 116055893 88049377 1626046 -2760932 -2760932 87265749 78749337 8589273 -2713452 -2713452 -550660 88049377 0.19170 0.23450 0.57380 0 0 0 LIMITED PARTNERSHIP 40388186 F KILTEAM GLOBAL EQUITY FUND 10093883 F GQG PARTNERS GLOBAL EQUITY FUND 9479386 F POWERSHARES FTSE RAFI 7772720 F VANGUARD INSTL INDEX 7933425 F VANGUARD FTSE ALL WORLD 7495943 F VANGUARD SHORT-TERM BOND 5497003 F BAIRD INTERMEDIATE BOND FUND 5354345 F REAL ESTATE 6510212 F 100525103 ANNUITY LIABILITY 86596 86596 13634497 3874834 1269463 -5795 5138502 8495995 -129022 -129022 8366973 8583442 1269464 129021 1398485 7184957 0 7184957 PART V, LINE 4: TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERISTY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENT -5,795. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXP - RECLASS TO REVENUE -129,022. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP - RECLASS TO REVENUE 129,021. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13987640 0 0 0 0 0 0 13987640 0 13987640 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3 - ACTIVTIES PER REGION REGION EXPENDITURES INVESTMENTS CENTRAL AMERICA AND THE CARIBBEAN $ 0 $ 13,987,640 FOUNDATION GALA 141356 140022 1334 78780 47720 GALA FOR GR EMP 60576 58926 1650 2522 201932 198948 2984 78780 50242 129022 -126038 1 FERRIS STATE UNIVERSITY 1201 S STATE STREET BIG RAPDIS MI 49307 386005159 115 5626641 774751 FMV EQUIPMENT/OTHER SUPPORT UNIVERSITY 1 0 PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERISTY BY GENERATING AND MANAGING PRIVATE SUPPODRT FOR THE UNIVERISTY. THE FOUNDATION EXISTS SOLELY TO SUPPORT THE UNIVERSITY. THEREFORE GRANTS AND OTHER ASSISTANCE TO THE UNIVERSITY IS IN THE FORM OF SUPPORT TO THE UNIVERSITY AND IS NOT A COMPETIITVE GRANT PROCESS. SCHOLARSHIPS, LOANS AND EDUCATIONAL FACULTY GRANTS ARE ISSUED AND MONITORED THROUGH FERRIS STATE UNIVERSITY. 0 0 0 0 0 0 0 0 0 DR DAVD PILGRIM BOARD MEMBER 0 236926 0 0 0 0 0 0 0 47979 0 284905 0 0 DR BILL PINK PRESIDENT, FERRIS STATE UNIVERSITY 0 249533 0 0 0 0 0 0 0 27431 0 276964 0 0 JIM BACHMEIER TREASURER 0 227000 0 0 0 0 0 0 0 44059 0 271059 0 0 SUSAN JONES BOARD MEMBER 0 171311 0 0 0 0 0 0 0 39882 0 211193 0 0 ROBERT MURRAY EXECUTIVE DIRECTOR 0 148563 0 0 0 0 0 0 0 38601 0 187164 0 0 BARBARA BENDA BOARD MEMBER 0 119178 0 0 0 0 0 0 0 35266 0 154444 0 0 X 38676 FAIR MARKET VALUE X 1 10100 FAIR MARKET VALUE X MACHINERY/EQUIP 25 579229 FAIR MARKET VALUE X ALUMINUM/STEEL 25 105418 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION BOARD AUDIT COMMITTEE WAS PROVIDED A PDF OF THE FORM 990 TO REVIEW VIA EMAIL BEFORE IT WAS SUBMITTED, AND IT HAS BEEN SHARED AS AN INFORMATIONAL ITEM WITH THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, HONORARY LIFE MEMBERS AND COMMITTEE MEMBERS, AND EMPLOYEES OF THE FERRIS FOUNDATION ARE TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. DIRECTORS OR MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST ARE TO GIVE FULL FACTUAL DISCLOSURE TO THE BOARD OF DIRECTORS. SUCH DIRECTORS OR MEMBERS SHALL ABSENT THEMSELVES DURING THE REVIEW OF THE MATTER BY THE BOARD OF DIRECTORS AND ITS VOTING ON THE MATTER, WHICH WOULD BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS VOLUNTEER THEIR TIME TO THE FERRIS FOUNDATION. FIVE OF THE DIRECTORS WORK FOR AND RECEIVE COMPENSATION FROM A RELATED ENTITY (FERRIS STATE UNIVERSITY). THE UNIVERSITY BOARD OF TRUSTEES NEGOTIATES WITH THE PRESIDENT ON HIS CONTRACT. EMPLOYEE WAGES ARE SET BY THE PRESIDENT WITH CONSULTATION OF THE BOARD IF APPROPRIATE. COMPARABILITY DATA IS USED WHEN SETTING WAGES FOR KEY EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS FISCAL YEAR 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE BYLAWS, FORM 990 TAX RETURN, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE FOUNDATION WEBSITE. OTHER DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND IRS DETERMINATION LETTER, ARE AVAILABLE UPON REQUEST THROUGH THE FOUNDATION OFFICE. FORM 990, PART VI - ADDITIONAL INFORMATION ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -5,797. NET TRANSFER FROM FERRIS STATE UNIVERSITY 195,305. FERRIS STATE UNIVERSITY 1201 S STATE STREET BIG RAPIDS MI 49307 386005159 UNIVERSITY MI 115 LINE 6 N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 FERRIS STATE UNIVERSITY B 5626641 ACTUAL CASH FERRIS STATE UNIVERSITY M 1269464 SALARY AND EST. BENEFITS