2024-11-12T15:49:15-05:00 2023-12-31 731502599 WEDEL RAHILL & ASSOCIATES CPA'S PLC 1200 NORTHWEST 63RD STREET 2ND FLO OKLAHOMA CITY OK 731165719 990 2023-01-01 271679425 UNIVERSITY OF MISSOURI COLLEGE OF ENGINEERING FOUNDATION UNIV 4055148609 3610 BUTTONWOOD DRIVE SUITE 200 COLUMBIA MO 65201 ROBERT HOLTSMITH TREASURER 4805408183 2024-11-12 true true ARTHUR C RAHILL JR CPA P00172703 4058423662 2024-11-12 X 2023 2024-10-15 13:58:12Z ROBERT HOLTSMITH 3610 BUTTONWOOD DRIVE SUITE 200 COLUMBIA MO 65201 136752 false X HTTP://MIZZOUENGINEERINGFOUNDATION.ORG X THE UMCOE FOUNDATION PROVIDES GAP-FILLING RESOURCES TO HELP MIZZOU'S COLLEGE OF ENGINEERING CONTINUE ITS QUEST FOR EXCELLENCE IN MEETING CURRENT AND FUTURE CHALLENGES DURING A PERIOD WHEN STATE BUDGETS HAVE BEEN DRASTICALLY RESTRICTED FOR HIGHER EDUCATION. OUR ALUMNI AND FRIENDS OF THE COLLEGE HAVE PROVIDED VALUABLE SUPPORT FOR THESE OBJECTIVES. MIZZOU'S COLLEGE OF ENGINEERING HAS ATTRACTED FACULTY, STAFF AND STUDENTS WHO ARE NATIONALLY AND INTERNATIONALLY RECOGNIZED. FACULTY AND STAFF HAVE ACHIEVED TEACHING EXCELLENCE AWARDS FROM THE UNIVERSITY AND THEY HAVE CONDUCTED STATE AND NATIONALLY FUNDED RESEARCH. UNDERGRADUATE AND GRADUATE STUDENTS ENROLL WITH EXCEPTIONAL CREDENTIALS INVOLVED IN RESEARCH AND STUDENT PROGRAMS YEAR-ROUND. THE FOUNDATION SUPPORTS THESE FACULTY, STAFF, AND STUDENTS BY THE FOLLOWING: - PROVIDING FACILITY AND DEPARTMENTAL SUPPORT. - ESTABLISHING AND FUNDING STUDENT SCHOLARSHIPS. - PROVIDING FUNDS FOR RECOGNITION OF SUPERIOR RESEARCHERS OR TEACHERS (FACULTY, STUDENT 8 8 0 0 229556 132918 0 680 3834 0 230236 136752 253607 99355 0 0 0 0 5743 5309 259350 104664 -29114 32088 162791 190778 650 650 162141 190128 X THE UMCOE FOUNDATION PROVIDES GAP-FILLING RESOURCES TO HELP MIZZOU'S COLLEGE OF ENGINEERING CONTINUE ITS QUEST FOR EXCELLENCE IN MEETING CURRENT AND FUTURE CHALLENGES DURING A PERIOD WHEN STATE BUDGETS HAVE BEEN DRASTICALLY RESTRICTED FOR HIGHER EDUCATION. OUR ALUMNI AND FRIENDS OF THE COLLEGE HAVE PROVIDED VALUABLE SUPPORT FOR THESE OBJECTIVES. MIZZOU'S COLLEGE OF ENGINEERING HAS ATTRACTED FACULTY, STAFF AND STUDENTS WHO ARE NATIONALLY AND INTERNATIONALLY RECOGNIZED. FACULTY AND STAFF HAVE ACHIEVED TEACHING EXCELLENCE AWARDS FROM THE UNIVERSITY AND THEY HAVE CONDUCTED STATE AND NATIONALLY FUNDED RESEARCH. UNDERGRADUATE AND GRADUATE STUDENTS ENROLL WITH EXCEPTIONAL CREDENTIALS INVOLVED IN RESEARCH AND STUDENT PROGRAMS YEAR-ROUND. THE FOUNDATION SUPPORTS THESE FACULTY, STAFF, AND STUDENTS BY THE FOLLOWING: - PROVIDING FACILITY AND DEPARTMENTAL SUPPORT. - ESTABLISHING AND FUNDING STUDENT SCHOLARSHIPS. - PROVIDING FUNDS FOR RECOGNITION OF SUPERIOR RESEARCHERS OR TEACHERS (FACULTY, STUDENT false false 48200 48200 THESE DONATIONS FROM THE FOUNDATION TO THE COLLEGE OF ENGINEERING SUPPORT THE ACADEMIC "INFRASTRUCTURE" COSTS FOR TEACHING ENGINEERING STUDENTS: FACULTY, FACILITIES AND EQUIPMENT. THESE DONATIONS HAVE BEEN MADE IN THE PROVIDED 48,200 TO SUPPORT THE DEAN'S ACTIVITIES AND SEVERAL DONOR- SPECIFIED FACULTY ENDOWMENTS. THESE 2023 GRANTS INCLUDED SIGNIFICANT CONTRIBUTIONS FOR THE FUND FOR EXCELLENCE AND THE PELCH LEADERSHIP PROGRAM. THIS CONTINUES THE HISTORY OF FOUNDATION GRANTS TO BENEFIT FACULTY AND CAPITAL PROJECTS TOTALING 476,873: ACTIVITY VAN (28,812), COE FACILITIES IMPROVEMENT (23,302), LIBRARY STUDY ROOM (10,000), DEAN'S EXCELLENCE AWARDS (40,000), AND 3D PRINTERS (30,000). 51155 51155 DEPARTMENTS, SCHOLARSHIPS & STUDENT ACTIVITIES THE FOUNDATION HAS PROVIDED NEARLY 500,000 OVER ITS 13-YEAR EXISTENCE TO DIRECTLY SUPPORT MIZZOU ENGINEERING STUDENTS. IN 2023, DONOR-DESIGNATED STUDENT SCHOLARSHIP CONTRIBUTIONS WERE TRANSFERRED TO THE ENGINEERING SCHOOL RANGING FROM 75 TO 25,000. IN ADDITION, THE BOARD MADE A GRANT OF 8,643 TO MATCH STUDENT CLUBS FUNDRAISING DURING MIZZOU GIVES DAYS. THREE LARGE DESIGNATED DONATIONS WERE TRANSFERRED FOR SCHOLARSHIPS OF 5,000, 10,000 AND 25,000 (BAKER CONSTRUCTION PROJECT MANAGEMENT PROGRAM) RESPECTIVELY. FROM THE FOUNDATION'S 2010 INCEPTION TO YEAR-END 2023, 472,988 IN RESTRICTED OR DESIGNATED DONATIONS IN THIS CATEGORY HAVE BEEN RECEIVED AND HAVE BEEN TRANSFERRED TO THE COLLEGE. THE MAJORITY OF THESE SCHOLARSHIP FUNDRAISING CAMPAIGN BY THE FOUNDATION IN 2012 WHICH RAISED ALMOST 32,000. MATCHING FUNDS RECEIVED FROM DONORS' EMPLOYERS ARE RESTRICTED TO THE SAME DESIGNATION AS THE DONOR SPECIFIED. COE, DEPARTMENTAL RESERVED FUNDS SINCE ITS INCEPTION, THE FOUNDATION HAS RESERVED A POOL OF FUNDS FOR THE DEAN'S DISCRETION FOR EXPENSES NOT WITHIN THE COE'S RESTRICTED BUDGET (E.G. 2016 STRATEGIC PLAN, 2018 & 2019 EXCELLENCE AWARDS) AND ANOTHER POOL FOR DEPARTMENTS THAT PREFER DIRECT PAYMENTS FOR NON-BUDGET EXPENSES. FOR EXAMPLE, THE FOUNDATION USED RESERVED FUNDS TO PAY TRAVEL EXPENSES FOR THE SPOUSE OF THE COLLEGE OF ENGINEERING COMMENCEMENT SPEAKER IN DECEMBER 2019. TO DATE, INVOICES TOTALING 67,000 HAVE BEEN PAID ON BEHALF OF THE DEAN AND ANOTHER 63,000 FOR THE CHEMICAL ENGINEERING ACADEMY. AT YEAR-END 2023, THE FOUNDATION MAINTAINED 43,000 ON ITS BALANCE SHEET RESTRICTED FOR THE DIRECTIVES OF THE DEAN AND CHEMICAL ENGINEERING ACADEMY. AT YEAR-END 2023, THE FOUNDATION HELD 99,263 IN ENDOWED FUNDS AND USES THE UNIVERSITY OF MISSOURI ENDOWMENT POOL TO INVEST ITS FUNDS UNDER AN AGENCY AGREEMENT. THE DISTRIBUTIONS FROM THAT ENDOWMENT ACCOUNT ARE COLLECTED AND USED FOR COOPERATIVE PROJECTS WITH THE COE. SINCE INCEPTION IN 2015, THE VALUE OF THE ENDOWMENT INCREASED 13,954 YIELDING A 7.65% ANNUAL RATE OF RETURN IN ADDITION TO GENERATING 26.8% IN DISTRIBUTIONS. 99355 true false false false false false false false false false false true false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false 0 0 0 false false false false false false false false false false false false 8 8 false false false false false false false true true false false false false false false false false false X X ROBERT HOLTSMITH 4055148609 18011 CARLTON WAY EDMOND OK 73012 X DONALD F BAKER BOARD MEMBER 0.20 0.00 X 0 0 0 TOM DECKER VICE PRESIDE 3.00 0.00 X 0 0 0 PRAVEEN EDARA ACTING DEAN 0.20 0.00 X 0 0 0 DONALD FLORA BOARD MEMBER 0.20 0.00 X 0 0 0 ANDRE LOGAN BOARD MEMBER 0.20 0.00 X 0 0 0 STANLEY R BULL PHD BOARD MEMBER 0.20 0.00 X 0 0 0 WILLIAM BROWN PHD BOARD MEMBER 0.20 0.00 X 0 0 0 ROBERT HOLTSMITH TREASURER 5.00 0.00 X 0 0 0 WARD A CHAMBERS MD PRESIDENT 0.30 1.00 X 0 0 0 SUSAN L PASTERNACK SECRETARY 5.00 0.00 X 0 0 0 false false false 132918 132918 814 814 3020 3020 3020 3020 136752 3020 814 99355 99355 950 950 542 542 573 573 FINANCIAL TRANSACTION FEE 1755 1755 MAIL DROP SERVICE 795 795 INTERNET DONOR TRACKING S 474 474 INTERNET WEB SITE HOSTING 210 210 10 10 104664 99355 5309 0 48823 75679 15114 15836 98854 99263 162791 190778 650 650 650 650 X 162141 190128 162141 190128 162791 190778 X 32088 -4101 X false false false X 65523 72840 124871 229556 132918 625708 65523 72840 124871 229556 132918 625708 625708 6301 3576 5477 1812 814 17980 643688 0.97210 0.96390 X MIZZOU ENDOWMENT FUND 99263 C 99263 UNBOOKED CONTRIBUTIONS 650 650 true COLLEGE - FUND OF EXCELLENCE 12150 GENERAL FUND COLLEGE - PELCH LEADERSHIP PROGRAM 10000 GENERAL FUND COLLEGE - STUDENT ORG MATCH 8643 GENERAL FUND DEPARTMENT - CHEM E ACADEMY 8424 GENERAL FUND SCHOLARSHIP - DON BAKER 25000 GENERAL FUND SCHOLARSHIP - GENE TEANEY 10000 GENERAL FUND FORM 990 - ORGANIZATION'S MISSION THE UMCOE FOUNDATION PROVIDES GAP-FILLING RESOURCES TO HELP MIZZOU'S COLLEGE OF ENGINEERING CONTINUE ITS QUEST FOR EXCELLENCE IN MEETING CURRENT AND FUTURE CHALLENGES DURING A PERIOD WHEN STATE BUDGETS HAVE BEEN DRASTICALLY RESTRICTED FOR HIGHER EDUCATION. OUR ALUMNI AND FRIENDS OF THE COLLEGE HAVE PROVIDED VALUABLE SUPPORT FOR THESE OBJECTIVES. MIZZOU'S COLLEGE OF ENGINEERING HAS ATTRACTED FACULTY, STAFF AND STUDENTS WHO ARE NATIONALLY AND INTERNATIONALLY RECOGNIZED. FACULTY AND STAFF HAVE ACHIEVED TEACHING EXCELLENCE AWARDS FROM THE UNIVERSITY AND THEY HAVE CONDUCTED STATE AND NATIONALLY FUNDED RESEARCH. UNDERGRADUATE AND GRADUATE STUDENTS ENROLL WITH EXCEPTIONAL CREDENTIALS INVOLVED IN RESEARCH AND STUDENT PROGRAMS YEAR-ROUND. THE FOUNDATION SUPPORTS THESE FACULTY, STAFF, AND STUDENTS BY THE FOLLOWING: - PROVIDING FACILITY AND DEPARTMENTAL SUPPORT. - ESTABLISHING AND FUNDING STUDENT SCHOLARSHIPS. - PROVIDING FUNDS FOR RECOGNITION OF SUPERIOR RESEARCHERS OR TEACHERS (FACULTY, STUDENTS AND STAFF) VIA FINANCIAL AWARDS FROM THE COE. - PROVIDING SUPPLEMENTAL FUNDS TO ASSIST STUDENT ORGANIZATIONS IN REGIONAL AND NATIONAL COMPETITIONS. THE FOUNDATION RECEIVES FOUR TYPES OF DONATIONS: 1.UNRESTRICTED FUNDS - THE FOUNDATION USES THESE FUNDS FOR EXPENSES AND MAKES GRANTS TO THE COLLEGE. 2.RESTRICTED PURPOSE FUNDS TRANSFERRED TO COLLEGE - THE FOUNDATION ACCEPTS AND TRANSFERS THESE RESTRICTED DONATIONS TO THE COLLEGE WHERE THEY ARE USED FOR THEIR DONOR-DESIGNATED PURPOSE SUCH AS DEPARTMENTAL PROJECTS, FACILITY UPGRADES, STUDENT SUPPORT, SCHOLARSHIPS, ETC. AT THIS TIME, THE FOUNDATION IMPOSES NO FEE ON THESE FUND TRANSFERS. 3.RESTRICTED PURPOSE FUNDS HELD & PAID AS NEEDED - THE FOUNDATION ACCEPTS RESTRICTED DONATIONS WHICH ARE MAINTAINED WITHIN THE FOUNDATION FOR A COLLEGE SPECIFIC PURPOSE. DONATIONS FROM INCEPTION TO YEAR-END HAVE BEEN RECEIVED, E.G. CHEM E ACADEMY, CHEM E LAB, COLLEGE STRATEGIC PLAN. 4.ENDOWMENT - IN 2014, THE FOUNDATION BEGAN A DRIVE TO START A LONG-TERM ENDOWMENT FUND TO BECOME SELF-SUSTAINING WITH ANNUAL RETURNS TO BE DONATED TO THE COLLEGE OF ENGINEERING. IN 2015 THE FOUNDATION SIGNED AN AGENCY AGREEMENT WITH THE UNIVERSITY OF MISSOURI TO INVEST THE FOUNDATION FUNDS IN THE MUCH LARGER UNIVERSITY ENDOWMENT POOL. FORM 990, PAGE 2, PART III, LINE 4B DEPARTMENTS, SCHOLARSHIPS & STUDENT ACTIVITIES THE FOUNDATION HAS PROVIDED NEARLY 500,000 OVER ITS 13-YEAR EXISTENCE TO DIRECTLY SUPPORT MIZZOU ENGINEERING STUDENTS. IN 2023, DONOR-DESIGNATED STUDENT SCHOLARSHIP CONTRIBUTIONS WERE TRANSFERRED TO THE ENGINEERING SCHOOL RANGING FROM 75 TO 25,000. IN ADDITION, THE BOARD MADE A GRANT OF 8,643 TO MATCH STUDENT CLUBS FUNDRAISING DURING MIZZOU GIVES DAYS. THREE LARGE DESIGNATED DONATIONS WERE TRANSFERRED FOR SCHOLARSHIPS OF 5,000, 10,000 AND 25,000 (BAKER CONSTRUCTION PROJECT MANAGEMENT PROGRAM) RESPECTIVELY. FROM THE FOUNDATION'S 2010 INCEPTION TO YEAR-END 2023, 472,988 IN RESTRICTED OR DESIGNATED DONATIONS IN THIS CATEGORY HAVE BEEN RECEIVED AND HAVE BEEN TRANSFERRED TO THE COLLEGE. THE MAJORITY OF THESE SCHOLARSHIP FUNDRAISING CAMPAIGN BY THE FOUNDATION IN 2012 WHICH RAISED ALMOST 32,000. MATCHING FUNDS RECEIVED FROM DONORS' EMPLOYERS ARE RESTRICTED TO THE SAME DESIGNATION AS THE DONOR SPECIFIED. FORM 990, PAGE 2, PART III, LINE 4C COE, DEPARTMENTAL RESERVED FUNDS SINCE ITS INCEPTION, THE FOUNDATION HAS RESERVED A POOL OF FUNDS FOR THE DEAN'S DISCRETION FOR EXPENSES NOT WITHIN THE COE'S RESTRICTED BUDGET (E.G. 2016 STRATEGIC PLAN, 2018 & 2019 EXCELLENCE AWARDS) AND ANOTHER POOL FOR DEPARTMENTS THAT PREFER DIRECT PAYMENTS FOR NON-BUDGET EXPENSES. FOR EXAMPLE, THE FOUNDATION USED RESERVED FUNDS TO PAY TRAVEL EXPENSES FOR THE SPOUSE OF THE COLLEGE OF ENGINEERING COMMENCEMENT SPEAKER IN DECEMBER 2019. TO DATE, INVOICES TOTALING 67,000 HAVE BEEN PAID ON BEHALF OF THE DEAN AND ANOTHER 63,000 FOR THE CHEMICAL ENGINEERING ACADEMY. AT YEAR-END 2023, THE FOUNDATION MAINTAINED 43,000 ON ITS BALANCE SHEET RESTRICTED FOR THE DIRECTIVES OF THE DEAN AND CHEMICAL ENGINEERING ACADEMY. FORM 990, PAGE 2, PART III, LINE 4D AT YEAR-END 2023, THE FOUNDATION HELD 99,263 IN ENDOWED FUNDS AND USES THE UNIVERSITY OF MISSOURI ENDOWMENT POOL TO INVEST ITS FUNDS UNDER AN AGENCY AGREEMENT. THE DISTRIBUTIONS FROM THAT ENDOWMENT ACCOUNT ARE COLLECTED AND USED FOR COOPERATIVE PROJECTS WITH THE COE. SINCE INCEPTION IN 2015, THE VALUE OF THE ENDOWMENT INCREASED 13,954 YIELDING A 7.65% ANNUAL RATE OF RETURN IN ADDITION TO GENERATING 26.8% IN DISTRIBUTIONS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9 UNREALIZED LOSS -4,101