Nonprofit · EIN 39-0833612
WISCONSIN ALUMNI RESEARCH FOUNDATION
Tax-exempt · MADISON, WI 53726
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $189,345,562 | $219,953,693 | -$30,608,131 | $3,432,336,917 | $1,037,494,554 | $2,394,842,363 |
| June 30, 2024 | 990 | $140,752,874 | $155,756,191 | -$15,003,317 | $3,311,169,475 | $968,854,120 | $2,342,315,355 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $33,660
- Program service revenue
- $20,756,165
- Investment income
- $162,171,779
- Net rental income
- $2,340,900
- Net gain from sales of assets
- $114,111,909
- Other revenue
- $6,383,958
Expenses
- Grants and similar amounts paid
- $156,397,427
- Compensation of officers, directors and key employees
- $6,339,235
- Other salaries and wages
- $7,670,693
- Salaries, compensation and benefits (total)
- $16,018,746
- Professional fundraising fees
- $0
- Legal fees
- $1,031,944
- Accounting fees
- $233,933
- Occupancy
- $1,905,114
- Travel
- $305,437
- Depreciation
- $3,736,806
- Program services (functional)
- $193,610,757
- Management and general (functional)
- $26,342,936
Balance sheet and other
- Total assets, start of year
- $3,311,169,475
- Total assets, end of year
- $3,432,336,917
- Total liabilities, end of year
- $1,037,494,554
- Net assets, end of year
- $2,394,842,363
- Land, buildings and equipment
- $12,677,807
- Publicly traded securities
- $421,765,741
- Net assets without donor restrictions
- $2,344,067,775
- Net assets with donor restrictions
- $50,774,588
- Gross unrelated business income
- $1,780,698
- Gross receipts
- $226,089,582
- Employees
- 95
- Volunteers
- 0
- Year formed
- 1925
- State of legal domicile
- WI
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 |
|---|---|---|---|---|---|
| ERIK IVERSON | TRUSTEE/CEO, SECRETARY Trustee or director, Officer | 40 | $799,362 | $15,000 | $218,339 |
| MICHAEL FALK | CHIEF IP & LICENSING OFFICER Officer | 40 | $480,905 | $0 | $316,883 |
| ALAIN HUNG | DEPUTY CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $527,201 | $0 | $198,608 |
| MICHAEL WAGNER | INVESTMENT DIRECTOR Highest-paid employee | 40 | $460,000 | $0 | $192,877 |
| MICHAEL PARTSCH | CHIEF VENTURE OFFICER Officer | 40 | $437,432 | $0 | $136,447 |
| JONATHAN YOUNG | HEAD OF WARF THERAPEUTICS Highest-paid employee | 40 | $367,879 | $0 | $168,403 |
| ALYSSA THOENY | CHIEF FINANCIAL OFFICER Officer | 40 | $367,287 | $0 | $121,527 |
| BRIAN DYCK | SENIOR DIRECTOR, WARF THERAPEUTICS Highest-paid employee | 40 | $276,345 | $0 | $95,216 |
| PATRICK COONEY | DEPUTY GENERAL COUNSEL Highest-paid employee | 40 | $273,745 | $0 | $66,262 |
| DEBORAH KELLER | TRUSTEE, CHAIR Trustee or director, Officer | 4 | $33,000 | $10,000 | $0 |
| WINSLOW SARGEANT | TRUSTEE Trustee or director | 2 | $27,000 | $15,000 | $0 |
| MARY HAAK-FRENDSCHO | TRUSTEE Trustee or director | 2 | $28,000 | $0 | $0 |
| JAMES BERBEE | TRUSTEE Trustee or director | 2 | $27,000 | $0 | $0 |
| ASHA S COLLINS | TRUSTEE Trustee or director | 2 | $27,000 | $0 | $0 |
| DAVID SMUKOWSKI | TRUSTEE Trustee or director | 2 | $27,000 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS TEFFT | TRUSTEE, TREASURER Trustee or director, Officer | 3 | $27,000 |
| REBECCA HOUSE | TRUSTEE Trustee or director | 2 | $24,000 |
| PAUL LEFF | TRUSTEE Trustee or director | 2 | $24,000 |
| DORIS MEISSNER | TRUSTEE, VICE CHAIR Trustee or director, Officer | 3 | $24,000 |
| JENNIFER MNOOKIN | TRUSTEE Trustee or director | 2 | $24,000 |
| JAMES THOMPSON | TRUSTEE Trustee or director | 2 | $24,000 |
| STEPHEN PETERSEN | TRUSTEE Trustee or director | 1 | $1,250 |
| COLIN WELCH | TRUSTEE Trustee or director | 1 | $1,250 |
| DEBORAH SOLMOR | GENERAL COUNSEL Officer | 40 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ERIK IVERSON | TRUSTEE/CEO Trustee or director, Officer | 40 | $762,445 | $15,000 | $171,013 |
| ALAIN HUNG | DEPUTY CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $507,656 | $0 | $76,790 |
| MICHAEL WAGNER | INVESTMENT DIRECTOR Highest-paid employee | 40 | $412,042 | $0 | $143,272 |
| MICHAEL PARTSCH | CHEIF VENTURE OFFICER Officer | 40 | $417,450 | $0 | $104,600 |
| STEPHANIE ADAMANY | GENERAL COUNSEL (UNTIL 6/30/24) Officer | 40 | $406,031 | $0 | $83,978 |
| JOHN GRANSEE | CFO/COO (UNTIL 9/30/23) Officer | 40 | $382,490 | $0 | $103,601 |
| JONATHAN YOUNG | HEAD OF WARF THERAPEUTICS Highest-paid employee | 40 | $319,566 | $0 | $127,904 |
| GREGORY KEENAN | SENIOR DIR, VENTURES & ACCELERATOR Highest-paid employee | 40 | $262,868 | $0 | $82,933 |
| ALYSSA THOENY | CFO/SENIOR DIRECTOR, FINANCE Officer | 40 | $279,499 | $0 | $58,835 |
| JEANINE BURMANIA | SENIOR DIRECTOR, IP & LICENSING Highest-paid employee | 40 | $264,097 | $0 | $24,802 |
| DEBORAH KELLER | TRUSTEE Trustee or director | 2 | $27,000 | $15,000 | $0 |
| WINSLOW SARGEANT | TRUSTEE Trustee or director | 2 | $27,000 | $15,000 | $0 |
| PATRICIA LIPTON | TRUSTEE, SECRETARY Trustee or director, Officer | 3 | $24,000 | $15,000 | $0 |
| JAMES BERBEE | TRUSTEE, CHAIR Trustee or director, Officer | 4 | $33,000 | $0 | $0 |
| MARY HAAK-FRENDSCHO | TRUSTEE Trustee or director | 2 | $27,000 | $0 | $0 |
| DAVID SMUKOWSKI | TRUSTEE Trustee or director | 2 | $27,000 | $0 | $0 |
| JAMES THOMSON | TRUSTEE, TREASURER (INTERIM) Trustee or director, Officer | 3 | $27,000 | $0 | $0 |
| REBECCA HOUSE | TRUSTEE Trustee or director | 2 | $24,000 | $0 | $0 |
| DORIS MEISSNER | TRUSTEE, VICE CHAIR Trustee or director, Officer | 3 | $24,000 | $0 | $0 |
| JENNIFER MNOOKIN | TRUSTEE Trustee or director | 2 | $24,000 | $0 | $0 |
| ASHA S COLLINS | TRUSTEE Trustee or director | 2 | $22,250 | $0 | $0 |
| PAUL LEFF | TRUSTEE Trustee or director | 2 | $22,250 | $0 | $0 |
| THOMAS TEFFT | TRUSTEE Trustee or director | 2 | $22,250 | $0 | $0 |
| PETER P TONG | TRUSTEE (UNTIL 10/12/23) Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL FALK | CHIEF IP & LICENSING OFFICER Officer | 40 | $452,304 | $0 | -$562,180 |
Address and contacts
- Address (IRS master file)
- 614 WALNUT STREET 13TH FLOOR, MADISON, WI 53726-2336
- Principal officer (990 for 2024)
- ERIK IVERSON, 614 WALNUT STREET 13TH FLOOR, MADISON, WI 53726
- Signed the 990
- LYSA THOENY, CFO
- Phone
- (608) 960-9850
- Website
- WWW.WARF.ORG
- Return prepared by
- RSM US LLP
Mission
TO SUPPORT SCIENTIFIC RESEARCH WITHIN THE UW-MADISON COMMUNITY BY PROVIDING FINANCIAL SUPPORT, ACTIVELY MANAGING ASSETS, AND MOVING INNOVATIONS TO THE MARKETPLACE FOR A FINANCIAL RETURN AND GLOBAL IMPACT.
Program accomplishments
- 1) WARF SUPPORTS UW-MADISON THROUGH ONGOING OPERATIONAL AND FUNCTIONAL SUPPORT, A CORE ANNUAL BASE GRANT, AND ADDITIONAL YEAR-TO-YEAR GRANTS. WARF IS A CENTURY-OLD, INDEPENDENT, NONPROFIT SUPPORTING ORGANIZATION THAT HAS PROVIDED DIRECT OPERATIONAL SUPPORT THAT MOST PUBLIC UNIVERSITIES MUST PROVIDE THEMSELVES, INCLUDING SERVING AS UW-MADISON'S DESIGNATED PATENT MANAGEMENT ORGANIZATION; HOLDING AND MANAGING EDUCATIONAL AND RESEARCH-RELATED ASSETS; AND CONNECTING THE WIDER COMMUNITY TO SCIENTIFIC RESEARCH AT UW-MADISON. SINCE THE GREAT DEPRESSION, WARF'S ANNUAL BASE GRANT HAS SUPPORTED PIVOTAL CAMPUS ACTIVITIES SUCH AS FACULTY RECRUITMENT AND RETENTION, GRADUATE FELLOWSHIPS, AND GRANTS-IN-AID FOR RESEARCH PROJECTS. OVER SUBSEQUENT DECADES, WARF GREW TO PROVIDE SUPPORT THAT REACHES INTO EVERY CORNER OF UW-MADISON'S INNOVATION ECOSYSTEM, INCLUDING FUNDING BUILDINGS AND EQUIPMENT TO IMPROVE CAMPUS RESEARCH AND MAINTAIN UW-MADISON'S EXCELLENCE.Expenses $148,539,328 · grants $111,325,998 · revenue $26,961,631
- 2) IN ADDITION TO UW-MADISON'S PUBLIC RESEARCH MISSION, WARF ALSO SUPPORTS THE MORGRIDGE INSTITUTE FOR RESEARCH (MORGRIDGE), A PRIVATE NON-PROFIT MEDICAL RESEARCH ORGANIZATION FUNCTIONALLY INTEGRATED WITH UW-MADISON, THROUGH BOTH GRANT FUNDING AND DIRECT OPERATIONAL SUPPORT, INCLUDING TECHNOLOGY TRANSFER ACTIVITIES. FOUNDED IN 2006, MORGRIDGE USES ITS PRIVATE STATUS AND STREAMLINED ORGANIZATIONAL STRUCTURE TO RESPOND NIMBLY TO EMERGING OPPORTUNITIES TO IMPROVE HUMAN HEALTH THROUGH INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL DISCOVERIES. WARF'S SUPPORT OF MORGRIDGE CREATES A CULTURE IN PARTNERSHIP WITH UW-MADISON THAT ENABLES RIGOROUS BIOMEDICAL RESEARCH, SPARKS CURIOSITY, AND SERVES SOCIETY THROUGH TRANSLATIONAL OUTCOMES.Expenses $45,071,429 · grants $45,071,429
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
- 39-0833612
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1935
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B840)
- Assets (IRS master file)
- $3,432,336,917
- Income (IRS master file)
- $226,089,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $189,345,562 | $219,953,693 | $3,432,336,917 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $140,752,874 | $155,756,191 | $3,311,169,475 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | -$21,573,356 | $155,452,922 | $3,185,260,024 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 39-0833612).
Questions about WISCONSIN ALUMNI RESEARCH FOUNDATION
- What is the EIN of WISCONSIN ALUMNI RESEARCH FOUNDATION?
- The employer identification number (EIN) of WISCONSIN ALUMNI RESEARCH FOUNDATION is 39-0833612.
- Is WISCONSIN ALUMNI RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1935.
- Are donations to WISCONSIN ALUMNI RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does WISCONSIN ALUMNI RESEARCH 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 WISCONSIN ALUMNI RESEARCH 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 WISCONSIN ALUMNI RESEARCH 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 WISCONSIN ALUMNI RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 names ERIK IVERSON.
- Who are the officers and directors of WISCONSIN ALUMNI RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 23 received compensation from the organization, the highest $799,362 (ERIK IVERSON, TRUSTEE/CEO, SECRETARY).
- How much revenue does WISCONSIN ALUMNI RESEARCH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $189,345,562, expenses of $219,953,693 and total assets of $3,432,336,917 at year end.
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