Nonprofit · EIN 38-6552713
MICHIGAN STATE UNIVERSITY FOUNDATION
Also known as I INC, University Corporate Research Park I Inc
Tax-exempt · EAST LANSING, MI 48823
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | -$960,216 | $0 | -$960,216 | $10,102,787 | $12,572,240 | -$2,469,453 |
| June 30, 2024 | 990 | -$647,542 | $0 | -$647,542 | $10,224,379 | $11,733,616 | -$1,509,237 |
| June 30, 2023 | 990 | -$602,196 | $0 | -$602,196 | $10,985,041 | $11,846,736 | -$861,695 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,000
- Investment income
- $8,278
- Net rental income
- -$995,294
- Other revenue
- -$978,494
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $10,224,379
- Total assets, end of year
- $10,102,787
- Total liabilities, end of year
- $12,572,240
- Net assets, end of year
- -$2,469,453
- Land, buildings and equipment
- $8,910,233
- Net assets without donor restrictions
- -$2,469,453
- Gross receipts
- $2,438,738
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1989
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WASHBURN | PRESIDENT Trustee or director, Officer | 2 | $0 | $463,297 | $135,272 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 1 | $0 | $196,517 | $82,298 |
| JEFF SMITH | DIRECTOR OF UCRP Highest-paid employee | 40 | $185,831 | $0 | $42,019 |
| RANDOLPH COWEN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| SCOTT ESTON | BOARD MEMBER (THRU 12/24) Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHN PHILLIPS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| BRUCE LEECH | BOARD MEMBER (AS OF 12/24) Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WASHBURN | PRESIDENT Trustee or director, Officer | 2 | $0 | $456,997 | $64,199 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 1 | $0 | $173,118 | $38,668 |
| JEFF SMITH | DIRECTOR OF UCRP Highest-paid employee | 40 | $145,351 | $0 | $37,699 |
| JEFFREY DEGRAAF | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| RANDOLPH COWEN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHN PHILLIPS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID WASHBURN | PRESIDENT Trustee or director, Officer | 2 | $0 | $390,197 | $58,630 |
| REBEKAH SKRZYNIARZ | DIRECTOR OF FINANCE Officer | 1 | $0 | $159,456 | $34,969 |
| JEFF SMITH | DIRECTOR OF UCRP Highest-paid employee | 40 | $133,684 | $0 | $33,693 |
| RANDOLPH COWEN | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
| JOHN PHILLIPS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 E GRAND RIVER AVE STE 275, EAST LANSING, MI 48823-4378
- Mailing address (990-N for 2013)
- 2727 Alliance Drive Suite C, Lansing MI 48910
- Principal officer (990 for 2024)
- DAVID WASHBURN, 325 E GRAND RIVER AVE SUITE 275, EAST LANSING, MI 48823
- Principal officer (990-N for 2013)
- David A Washburn, 2727 Alliance Drive Suite C, Lansing MI 48910
- Signed the 990
- DAVID WASHBURN, PRESIDENT
- Phone
- (517) 353-9268
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
TO HOLD TITLE AND PERFORM RELATED FUNCTIONS IN CONNECTION WITH A RESEARCH PARK AND INNOVATION CENTER IN SUPPORT OF MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION.
Program accomplishments
- TO HOLD TITLE AND PERFORM RELATED FUNCTIONS IN CONNECTION WITH A RESEARCH PARK AND INNOVATION CENTER IN SUPPORT OF MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION.
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
- 38-6552713
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Group exemption
- 5167: MICHIGAN STATE UNIVERSITY FOUNDATION
- Assets (IRS master file)
- $10,102,787
- Income (IRS master file)
- $2,438,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | -$960,216 | $0 | $10,102,787 | IRS |
| 990 | June 2024 | -$647,542 | $0 | $10,224,379 | IRS |
| 990 | June 2023 | -$602,196 | $0 | $10,985,041 | XML |
| 990 | June 2022 | -$187,483 | $0 | $10,176,312 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: David A Washburn | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 38-6552713).
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 38-6552713.
- Is MICHIGAN STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1991.
- Are donations to MICHIGAN STATE UNIVERSITY FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- 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 7 people; 1 received compensation from the organization.
- How much revenue does MICHIGAN STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of -$960,216, expenses of $0 and total assets of $10,102,787 at year end.
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