Nonprofit · EIN 23-7326030
MICHIGAN STATE UNIVERSITY FOUNDATION
Tax-exempt · EAST LANSING, MI 48823
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,725,234 | $24,891,311 | $19,833,923 | $656,424,728 | $53,839,523 | $602,585,205 |
| June 30, 2024 | 990 | $31,661,100 | $25,784,029 | $5,877,071 | $655,014,665 | $79,645,557 | $575,369,108 |
| June 30, 2023 | 990 | $35,711,061 | $29,167,774 | $6,543,287 | $600,365,725 | $79,445,791 | $520,919,934 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,894,747
- of which government grants
- $8,218,715
- Program service revenue
- $874,135
- Investment income
- $33,073,886
- Royalties
- $1,692,990
- Net rental income
- $54,994
- Net gain from sales of assets
- $25,049,457
- Other revenue
- $1,882,466
Expenses
- Grants and similar amounts paid
- $12,798,255
- Compensation of officers, directors and key employees
- $1,381,036
- Other salaries and wages
- $3,213,273
- Salaries, compensation and benefits (total)
- $5,625,727
- Professional fundraising fees
- $0
- Legal fees
- $156,249
- Accounting fees
- $207,897
- Occupancy
- $221,666
- Travel
- $119,096
- Depreciation
- $121,005
- Program services (functional)
- $20,371,384
- Management and general (functional)
- $4,519,927
Balance sheet and other
- Total assets, start of year
- $655,014,665
- Total assets, end of year
- $656,424,728
- Total liabilities, end of year
- $53,839,523
- Net assets, end of year
- $602,585,205
- Land, buildings and equipment
- $1,285,427
- Publicly traded securities
- $208,873,571
- Net assets without donor restrictions
- $556,598,511
- Net assets with donor restrictions
- $45,986,694
- Gross unrelated business income
- $551,591
- Gross receipts
- $93,804,559
- Employees
- 43
- Volunteers
- 22
- Year formed
- 1973
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID WASHBURN | CEO Trustee or director, Officer | 37 | $463,297 | $67,636 |
| JEFFREY WESLEY | EXECUTIVE DIRECTOR, VENTURES Key employee | 40 | $352,004 | $57,057 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 38 | $196,517 | $41,149 |
| FRANK URBAN | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $165,949 | $46,906 |
| BRADLEY FINGLAND | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $161,359 | $34,814 |
| MATT OKONESKI | VENTURE ASOCIATE Highest-paid employee | 40 | $151,264 | $21,224 |
| TOMMY SKINNER | DIRECTOR VENTURE INVESTMENTS Highest-paid employee | 40 | $150,314 | $21,303 |
| THOMAS STEWART | DIRECTOR, VENTURE PROGRAMMING Highest-paid employee | 40 | $139,429 | $24,614 |
| PHIL ZECHER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH COWEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT ESTON | VICE CHAIRMAN (THRU 12/24) Trustee or director, Officer | 2 | $0 | $0 |
| JOHN PHILLIPS | VICE CHAIRMAN (AS OF 12/24) Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE LEECH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| LINDA HUBBARD | SECRETARY (AS OF 12/24) Trustee or director, Officer | 2 | $0 | $0 |
| HOWARD AKUMIAH | DIRECTOR Trustee or director | 2 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON BRAEUTIGAM | DIRECTOR Trustee or director | 2 | $0 |
| KERMITT BROOKS | DIRECTOR Trustee or director | 2 | $0 |
| ETHEL CORMIER | DIRECTOR Trustee or director | 2 | $0 |
| JEFFREY DEGRAAF | DIRECTOR Trustee or director | 2 | $0 |
| LISA FRACE | DIRECTOR (AS OF 02/25) Trustee or director | 2 | $0 |
| DOUGLAS GAGE | DIRECTOR Trustee or director | 2 | $0 |
| THOMAS GLASMACHER | DIRECTOR (THRU 02/25) Trustee or director | 2 | $0 |
| KEVIN GUSKIEWICZ | DIRECTOR Trustee or director | 2 | $0 |
| PATRICIA HEMINGWAY HALL | DIRECTOR (THRU 12/24) Trustee or director | 2 | $0 |
| RENEE KNAKE JEFFERSON | DIRECTOR (AS OF 01/25) Trustee or director | 2 | $0 |
| THOMAS JEITSCHKO | DIRECTOR Trustee or director | 2 | $0 |
| RICK LASCH | DIRECTOR (AS OF 06/25) Trustee or director | 2 | $0 |
| BRIANNA SCOTT | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM SEIFERT | DIRECTOR Trustee or director | 2 | $0 |
| STAN SOKOLOWSKI | DIRECTOR Trustee or director | 2 | $0 |
| KATHRYN STEWART | DIRECTOR Trustee or director | 2 | $0 |
| JANICE STIPP | DIRECTOR Trustee or director | 2 | $0 |
| KELLY TEBAY | DIRECTOR (THRU 01/25) Trustee or director | 2 | $0 |
| JOEL WITTENBERG | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID WASHBURN | CEO/EXECUTIVE DIRECTOR Trustee or director, Officer | 37 | $456,997 | $64,199 |
| JEFFREY WESLEY | EXECUTIVE DIRECTOR, VENTURES Key employee | 40 | $333,264 | $60,552 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 38 | $173,118 | $38,668 |
| PREM BODAGALA | DIR. OF RED CEDAR VENT. (THRU 01/24) Highest-paid employee | 40 | $175,218 | $32,507 |
| FRANK URBAN | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $151,212 | $44,815 |
| BRADLEY FINGLAND | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $153,266 | $34,086 |
| MATT OKONESKI | VENTURE ASOCIATE Highest-paid employee | 40 | $138,492 | $19,009 |
| KYLE MCGREGOR | DIR. OF HEALTH INNOV. Highest-paid employee | 40 | $144,845 | $12,545 |
| PHIL ZECHER | PRESIDENT (AS OF 12/23) Trustee or director, Officer | 2 | $0 | $0 |
| MELISSA WOO | PRESIDENT (THRU 12/23) Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH COWEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT ESTON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE LEECH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN PHILLIPS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| NORM BEAUCHAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JON BRAEUTIGAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KERMITT BROOKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFFREY DEGRAAF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HOWARD AKUMIAH | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ETHEL CORMIER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DOUGLAS GAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS GLASMACHER | DIRECTOR (BEG 5/2024) Trustee or director | 2 | $0 | $0 |
| KEVIN GUSKIEWICZ | DIRECTOR (BEG 3/2024) Trustee or director | 2 | $0 | $0 |
| PATRICIA HEMINGWAY HALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LINDA HUBBARD | DIRECTOR (THRU 05/24) Trustee or director | 2 | $0 | $0 |
| THOMAS JEITSCHKO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIANNA SCOTT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM SEIFERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STAN SOKOLOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATHRYN STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANICE STIPP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KELLY TEBAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOEL WITTENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA WOODRUFF | DIRECTOR (THRU 03/24) Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID WASHBURN | EXECUTIVE DIRECTOR Trustee or director, Officer | 37 | $390,197 | $58,630 |
| JEFFREY WESLEY | EXECUTIVE DIRECTOR, VENTURES Key employee | 40 | $305,422 | $53,232 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 38 | $159,456 | $34,969 |
| FRANK URBAN | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $150,234 | $41,244 |
| PREM BODAGALA | DIRECTOR OF RED CEDAR VENTURES Highest-paid employee | 40 | $160,364 | $28,645 |
| BRADLEY FINGLAND | DIRECTOR OF VENTURE CREATION Highest-paid employee | 40 | $147,079 | $30,984 |
| KYLE MCGREGOR | DIRECTOR OF HEALTH INNOVATION Highest-paid employee | 40 | $131,609 | $0 |
| MATT OKONESKI | VENTURE ASSOCIATE Highest-paid employee | 40 | $115,701 | $4,973 |
| MELISSA WOO | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH COWEN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT ESTON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| BRUCE LEECH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOHN PHILLIPS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| NORM BEAUCHAMP | DIRECTOR (AS OF 06/23) Trustee or director | 2 | $0 | $0 |
| JON BRAEUTIGAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KERMITT BROOKS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEFFREY DEGRAAF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELANIE FOSTER | DIRECTOR (THRU 12/22) Trustee or director | 2 | $0 | $0 |
| DOUGLAS GAGE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA HEMINGWAY HALL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LINDA HUBBARD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS JEITSCHKO | DIRECTOR (AS OF 11/22) Trustee or director | 2 | $0 | $0 |
| PAT O'KEEFE | DIRECTOR (THRU 12/22) Trustee or director | 2 | $0 | $0 |
| WILLIAM SEIFERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| STAN SOKOLOWSKI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAMUEL L STANLEY JR MD | DIRECTOR (THRU 11/22) Trustee or director | 2 | $0 | $0 |
| JANICE STIPP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOEL WITTENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERESA WOODRUFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 E GRAND RIVER AVE STE 275, EAST LANSING, MI 48823-4378
- Principal officer (990 for 2024)
- DAVID WASHBURN, 325 E GRAND RIVER AVE STE 275, EAST LANSING, MI 48823
- Signed the 990
- DAVID WASHBURN, CEO
- Phone
- (517) 353-9268
- Website
- WWW.MSUFOUNDATION.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
TO PROVIDE SUPPORT FOR THE BOARD OF TRUSTEES OF MICHIGAN STATE UNIVERSITY AND TO PROMOTE, SPONSOR, ASSIST, AND CARRY OUT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND RELATED ACTIVITIES AND OBJECTIVES OF MICHIGAN STATE UNIVERSITY.
Program accomplishments
- GRANTING FUNDS TO ADVANCE RESEARCH AND THE UNIVERSITY'S SCHOLARLY INFRASTRUCTURE OF TEACHING AND DISSEMINATION OF NEW KNOWLEDGE, UNDERWRITING MSU'S WORK IN TECHNOLOGY COMMERCIALIZATION, DEVELOPING, SCALING AND DE-RISKING TECHNOLOGIES FOSTERING THE CREATION OF STARTUP ENTERPRISES ORIGINATING FROM MSU THROUGH THE FOUNDATION'S SPARTAN INNOVATIONS AND INVESTMENT HOLDINGS SUBSIDIARIES, AND PROVIDING FACILITIES AND BUILDING SITES AT THE UNIVERSITY CORPORATE RESEARCH PARK AND FOUNDATION PARK I FOR TECHNOLOGY ENTERPRISES, UNIVERSITY TECHNOLOGY-DEVELOPMENT INITIATIVES, AND UNIVERSITY/INDUSTRY COLLABORATIONS.Expenses $17,322,654 · grants $12,798,255 · revenue $972,944
- SPARTAN INNOVATIONS PROVIDES THE EDUCATIONAL AND FINANCIAL SUPPORT NECESSARY TO TURN MSU RESEARCH TECHNOLOGIES INTO SUCCESSFUL MICHIGAN BUSINESSES - AND SPUR ENTREPRENEURSHIP AND INNOVATION PARTNERSHIPS IN THE MICHIGAN ECONOMY.Expenses $3,048,730
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7326030
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Group exemption
- 5167 (12 member organizations)
- Assets (IRS master file)
- $656,424,728
- Income (IRS master file)
- $93,804,559
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,725,234 | $24,891,311 | $656,424,728 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $31,661,100 | $25,784,029 | $655,014,665 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $35,711,061 | $29,167,774 | $600,365,725 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $51,499,585 | $23,721,227 | $547,375,250 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7326030).
Questions about MICHIGAN STATE UNIVERSITY FOUNDATION
- What is the EIN of MICHIGAN STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of MICHIGAN STATE UNIVERSITY FOUNDATION is 23-7326030.
- Is MICHIGAN STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to MICHIGAN STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does MICHIGAN STATE UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MICHIGAN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names DAVID WASHBURN.
- Who are the officers and directors of MICHIGAN STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 34 people; 8 received compensation from the organization, the highest $463,297 (DAVID WASHBURN, CEO).
- How much revenue does MICHIGAN STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,725,234, expenses of $24,891,311 and total assets of $656,424,728 at year end.
Organizations in its group exemption (12)
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884956 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884951 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884953 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884952 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-6552712 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884955 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884948 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2884949 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-2418381 · EAST LANSING, MI · last filed 990-N for 2024
- MICHIGAN STATE UNIVERSITY FOUNDATION EIN 38-6552713 · EAST LANSING, MI · last filed 990 for 2025
Other nonprofits in EAST LANSING
- MICHIGAN HIGH SCHOOL ATHLETIC ASSN INC EIN 38-1603100 · last filed 990 for 2025
- NATIONAL ASSOCIATION OF COLLEGE & UNIVERSITY FOOD SERVICE EIN 38-2681062 · last filed 990 for 2024
- ACADEMY OF INTERNATIONAL BUSINESS EIN 30-0876454 · last filed 990 for 2024
- STATE NEWS EIN 38-1966279 · last filed 990 for 2025
- MICHIGAN HEAD START ASSOCIATION EIN 38-3041872 · last filed 990 for 2025
- NATIONAL REGISTRY OF EXONERATIONS FOUNDATION EIN 86-2065065 · last filed 990 for 2025
- H-NET HUMANITIES & SOCIAL SCIENCES ONLINE EIN 13-4252117 · last filed 990 for 2025
- STEPPING STONES MONTESSORI SCHOOL IN EAST LANSING EIN 38-2419295 · last filed 990 for 2025