Interesting data from their 2020 990 filing

The filing documents outline the non-profit's mission as “Mission statement (adopted 2018) the mission of the western michigan university foundation is to promote and support western michigan university so that it can effectively carry out its mission of teaching, research and service. the foundation accomplishes its mission by maintaining and enlarging an endowment fund, the income from which provides supplemental financial assistance for current demands. the foundation also fulfills its mission through: cost-effective fund-raising programs, conducted by the development office, which seek participation from a variety of western michigan university constituents; prudent and responsible administration of the assets entrusted to it by its many constituents; and effective distribution of its resources to areas of priority within western michigan the wmu foundation is administered by the executive director/secretary, who also serves as the vice president for university advancement, and a volunteer board of directors, who oversee how funds can bes”.

When outlining the tasks it performs, they were referred to as: “Maintaining and enhancing an endowment fund for western michigan university”.

• The non-profit's reported state of operation is MI as per legal requirements.
• As of 2020, the non-profit has 0 employees reported on their 990 form.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Provides credit counseling.
• Has foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is -$7,001,975.
• The CEO compensation policy of the organization is not established through an independent review and approval process.
• The organization elects its board members.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 25 independent voting members.
• The organization was formed in 1976.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization pays $0 in salary, compensation, and benefits to its employees.
• The organization pays $2,338,728 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization has grants to organizations.
• The organization's financial statements were reviewed by an accountant.