2024-03-04T10:11:23-06:00 2023-06-30 371335003 ECK SCHAFER & PUNKE LLP 227 S Seventh Street Springfield IL 62701 990 2022-07-01 376046814 Western Illinois University Foundation WEST 3092981861 1 University Circle 303 Macomb IL 614551390 Bradley L Bainter Executive Officer 3092981861 2024-02-15 1 Bradley Bainter 999009999 0 Brent Leach P00331592 2175251111 2024-02-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Bradley L Bainter 1 University Circle 303 Macomb IL 614551390 15111051 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. 19 19 0 237 -23006 9160 7950279 8730443 0 0 6000510 2685146 575250 575696 14526039 11991285 3103889 3570158 0 0 0 0 0 0 586587 6250634 6514687 9354523 10084845 5171516 1906440 96361352 104629465 1393931 1551464 94967421 103078001 X 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.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. 0 0 3570158 3570158 Approximately, 3,136 scholarships and 33 faculty & staff awards were distributed during the year. Grant totals: Scholarships: $3,023,391; Faculty awards and grants $40,367.04; Education: $506,400; TOTAL: $3,570,158. 4294676 University: Provided financial support to departments, instructions, research, special projects, and other designated areas to enhance a variety of university programs. 7864834 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 94 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X WIU Foundation Office 3092981861 1 University Circle Sherman Hall Macomb IL 614551390 David L Miller President 0.10 X X 0 0 0 Randall S Germeraad Vice President 0.60 X X 0 0 0 Jason L Duncan Secretary 0.40 X X 0 0 0 Larry T Balsamo Director 0.10 X 0 0 0 Robert K Baumann Director 0.10 X 0 0 0 Patrick J Burke Director 0.10 X 0 0 0 Lorraine Epperson Director 0.10 X 0 0 0 Nicholas H Estes Director 0.10 X 0 0 0 Charles C Gilbert Director 0.10 X 0 0 0 John E Hallwas Director 0.10 X 0 0 0 Laura J Janus Director 0.10 X 0 0 0 Steven J McCann Director 0.10 X 0 0 0 Janice Owens Director 0.10 X 0 0 0 Cynthia R Rauschert Director 0.10 X 0 0 0 Jacqueline K Thompson Director 0.10 X 0 0 0 Rhonda Haffner Director 0.10 X 0 0 0 Arsenio Mims Director 0.10 X 0 0 0 Brian Turner Director 0.10 X 0 0 0 Todd Lester Director 0.10 X 0 0 0 Bradley L Bainter Executive Director 37.50 X 0 49139 0 Holly Sutton non-voting, Treasurer 37.50 X 0 62223 27485 Stacy Dorethy Recording Secretary 37.50 X 0 37928 32059 0 149290 59544 0 0 0 0 0 122966 174766 8432711 433858 8730443 2705727 2705727 111381 111381 2750682 2771263 -20581 -20581 -20581 484449 122966 348503 135946 135946 Other income 900099 351375 351375 Farm income 111000 -23006 -23006 328369 11991285 0 -23006 3283848 546767 546767 3023391 3023391 1302 894 408 39680 39680 980509 877205 103304 19210 19185 25 85905 72468 12839 598 485777 412589 20790 52398 91695 91695 403661 360974 41544 1143 60850 50981 9869 23305 23305 1254 1254 55981 4500 50973 508 Taxes 51501 42673 8828 Other contractual servi 1519981 1128448 243986 147547 Personnel Costs 1009468 676666 332802 Other university suppor 733560 477074 251401 5085 951048 731431 173136 46481 10084845 7864834 1633424 586587 2364434 2130132 556909 2908811 26678 26678 102670 82868 85909 1319116 4179 1227191 1314937 85368448 91915984 6734824 6144344 96361352 104629465 90282 411820 338279 267029 562133 495893 403237 376722 1393931 1551464 X 11252665 11558108 83714756 91519893 94967421 103078001 96361352 104629465 X 1906440 4722213 1481927 X 0 1 X 1 0 X 7227235 4641559 5024236 7803288 7176377 31872695 263805 162002 140307 146991 160405 873510 7491040 4803561 5164543 7950279 7336782 32746205 32746205 3310172 1807762 3134211 4346469 2817108 15415722 35545 48533 93314 57591 -23006 211977 407655 312688 286950 419365 351400 1778058 50151962 1035360 0.65290 0.65680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 79461442 4566108 7329996 3176256 78126 88103164 84746058 1745765 -4196099 2778215 56067 79461442 64215863 822412 23014264 3271461 35020 84746058 61808474 2311463 1983637 1839874 47837 64215863 59687450 1816295 2305195 1954222 46244 61808474 0.18610 0.46820 0.34570 0 0 1243929 1243929 75187 4179 71008 1314937 U.S. Treasury Notes 2399602 F U.S. Agency Obligations 3186639 F Mutual Funds, Domestic Debt 1805957 F Corporate Debt Obligations 4051387 F Cash Equivalents held in Investment Pools 4025651 F Absolute Return Funds 8690667 F Private Equity 16862061 F Equity Mutual Funds 17982692 F Real Assets Tax-Exempt 2559326 F Mutual Funds, International Equity 18614044 F Real Estate 5901337 F Mutual Funds, Fixed Income 1354376 F Domestic Equity Securities 142557 F International Equity Securities 3897 F Pooled Funds 4335791 F 91915984 Other receivables 161400 Charitable remainder trusts 5199277 Cash Surrender value of life insurance policies 783667 6144344 Annuities payable 263732 Due to WIU 112990 376722 X 17563419 4722213 1830430 6552643 11010776 980509 980509 11991285 9452839 348503 348503 9104336 980509 980509 10084845 Part III, Line 4: A variety of items are donated to the Foundation for display or additions to existing collections - these collections become property of the University. Such items are available to students (and sometimes the public) for viewing for study and education about the materials donated. Such items provide students with education materials from eras in which they do not have direct experience. Part X, Line 2: The Foundation is recognized as exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation may be subject to federal and state income taxes on any net income from unrelated business activities. The Foundation files a Form 990 (Return of Organization Exempt from Income Tax) annually and unrelated business income (UBI) is reported on Form 990-T, as appropriate. Management has evaluated their material tax positions, which include such matters as the tax exempt status of the Foundation and various positions relative to potential sources of UBI. AS of June 30, 2023, there were no uncertain tax positions identified and recorded as a liability. Part XI, Line 2d - Other Adjustments: Change in surrender value of life insurance 24,596. Special event expenses 348,503. University provided support 1,194,544. Change in value of charitable remainder trusts 262,787. Part XII, Line 2d - Other Adjustments: Special event expenses 348,503. Schedule D, Part V, Line 4 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. LNC Gala 108735 35312 73423 8532 50047 Champaign on Rocks 99875 26986 72889 6000 57588 5 398805 60668 338137 11306 215030 607415 122966 484449 25838 322665 348503 135946 1 Western Illinois University 1 University Circle Macomb IL 61455 370910458 546767 0 FMV WIU faculty awards and grants, education 1 0 WIU Student Scholarships 3136 3023391 Part I, Line 2: Grants to individuals are in the form of scholarships. The Foundation generally 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. Todd Lester Past President of the WIU Foundation Board and President of bank 11760 Todd Lester is President of Citizens Division of Morton Community Bank which WIU Foundation purchased services during the year. 0 X 8 2335 Fair market value X 915 Fair market value X 17573 Fair market value X 29 7301 Fair market value X 55 24906 Fair market value X 2 200 Fair market value X Livestock 95 113985 fair market value X Equipment 34 56057 Fair market value X Gift Certificate 153 45026 Fair market value X Trees & Shrubs 5 4755 Fair market value X Other 2 400 Fair market value 0 0 0 Form 990, Part VI, Section B, line 11b 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 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 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 employee searches. Form 990, Part VI, Section C, line 19 990 tax returns for the past three years 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 XI, line 9: Change in surrender value of life insurance 24,596. Change in value of charitable remainder trust 262,787. University Provided Support 1,194,544. Western Illinois University 1 University Circle Macomb IL 61455 370910458 Education IL 115a N/A 0 0 1 1 1 0 0 0 0 1 0 0 1 0 1 1 1 1 1 0 Western Illinois University N 184549 Western Illinois University B 2191821 Western Illinois University O 996846