2023-10-30T13:24:38-05:00 2023-06-30 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-07-01 396088094 STOUT UNIVERSITY FOUNDATION INC STOU 7152321151 320 BROADWAY STREET SOUTH MENOMONIE WI 54751 GREGORY ELSE TREASURER 7152321151 2023-10-26 1 GREGORY ELSE 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2023-10-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDOLPH MORRISSETTE II 320 BROADWAY STREET SOUTH MENOMONIE WI 54751 37688329 0 X WWW.UWSTOUT.EDU/FOUNDATION X 1962 WI THE STOUT UNIVERSITY FOUNDATION, INC. CULTIVATES RELATIONSHIPS BETWEEN UW-STOUT AND ITS VARIOUS CONSTITUENCIES FOR THEIR MUTUAL BENEFIT. IT SUPPORTS THE MISSION AND GOALS OF UW-STOUT THROUGH THE ACQUISITION AND STEWARDSHIP OF RESOURCES. 19 19 0 200 0 0 5705348 4764279 0 0 2891649 3880158 34979 88510 8631976 8732947 2686667 3014218 0 0 0 0 0 0 555683 1260154 1375870 3946821 4390088 4685155 4342859 74857068 82806182 846625 896129 74010443 81910053 THE STOUT UNIVERSITY FOUNDATION, INC. CULTIVATES RELATIONSHIPS BETWEEN UW-STOUT AND ITS VARIOUS CONSTITUENCIES FOR THEIR MUTUAL BENEFIT. IT SUPPORTS THE MISSION AND GOALS OF UW-STOUT THROUGH THE ACQUISTION AND STEWARDSHIP OF RESOURCES. 0 0 1604832 1604832 0 FUNDS PROVIDED TO UW-STOUT TO FUND A CHAIR, ACADEMIC CENTERS, AND VARIOUS OTHER PROJECTS FOR PROGRAMS AND DEPARTMENTS AT UW-STOUT. 1234836 1234836 0 SCHOLARSHIPS WERE AWARDED TO 673 UNIVERSITY OF WISCONSIN-STOUT STUDENTS. 174550 174550 0 FUNDS PROVIDED TO THE STOUT ALUMNI ASSOCIATION TO ADVANCE THE INTEREST AND EFFECTIVENESS OF THE UNIVERSITY OF WISCONSIN-STOUT AND STRENGTHEN THE TIES BETWEEN ALUMNI AND THE UNIVERSITY OF WISCONSIN-STOUT. 3014218 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 19 19 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK CA CO FL KY MD MI MN OH OR SC WA WI X X RANDOLPH MORRISSEETTE II 7152321151 320 BROADWAY STREET SOUTH MENOMONIE WI 54751 X RANDOLPH MORRISSETTE II PRESIDENT 2.00 X X 0 0 0 LINDA FUNK VICE PRESIDENT 1.00 X X 0 0 0 GREGORY ELSE TREASURER 1.00 X X 0 0 0 TIM SEICHTER SECRETARY 1.00 X X 0 0 0 LORA BENRUD MEMBER 0.50 X 0 0 0 DALE BOHNERT MEMBER 0.50 X 0 0 0 MARY DANGLER MEMBER 0.50 X 0 0 0 LARRY GRAVES MEMBER 0.50 X 0 0 0 STEVE HOISINGTON MEMBER (THRU 10/2022) 0.50 X 0 0 0 MARCIA JANTE MEMBER 0.50 X 0 0 0 WILLIAM KEMP MEMBER (THRU 2/2023) 0.50 X 0 0 0 LAUREN MARTEY MEMBER 0.50 X 0 0 0 CAROL MOONEY MEMBER 0.50 X 0 0 0 GINA NORLING MEMBER 0.50 X 0 0 0 DALLAS OLSON MEMBER (THRU 2/2023) 0.50 X 0 0 0 KIMBERLY POLZIN MEMBER 0.50 X 0 0 0 STEVE SIZEMORE MEMBER 0.50 X 0 0 0 LACEY SMITH MEMBER 0.50 X 0 0 0 JOHN STAHMER MEMBER 0.50 X 0 0 0 NIKKI STEPHANY MEMBER 0.50 X 0 0 0 MARY VAN HOUT MEMBER 0.50 X 0 0 0 LOU WELTER MEMBER 0.50 X 0 0 0 KATHARINE REED EXECUTIVE DIRECTOR 16.00 X 0 0 0 WILLIAM JOHNSON EXECUTIVE DIRECTOR (THRU 2/2023) 10.00 X 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF WISCONSIN - STOUT 712 BROADWAY ST S MENOMONIE WI 54751 STAFFING SERVICES 1008604 1 4764279 286336 4764279 1754177 1754177 19919 19919 1800 0 1800 1800 1800 31081363 28955382 2125981 2125981 2125981 66791 66791 66791 8732947 0 0 3968668 1779382 1779382 1234836 1234836 963135 483754 479381 35120 35120 122045 122045 37781 37781 37812 1385 36427 38049 34344 3705 81148 76718 4430 6000 6000 20875 2377 18498 23179 9937 13242 10193 10193 533 533 4390088 3014218 820187 555683 28210 552343 98417 14803 1946939 2790914 65434 87860 284094 78404 205690 205690 69908750 75882427 2298154 3006513 305474 265632 74857068 82806182 372090 429866 474535 466263 846625 896129 X 8318239 9821098 65692204 72088955 74010443 81910053 74857068 82806182 X 4342859 3516053 40698 X 0 1 X 1 0 X 3132225 2966957 1799363 4182691 4111173 16192409 3132225 2966957 1799363 4182691 4111173 16192409 2811058 13381351 1255442 1330469 1239906 1665724 1775896 7267437 23459846 167066 0.57040 0.56530 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 12/31/20 AMOUNT: 1500000. DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 12/31/19 AMOUNT: 2864280. DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 12/31/20 AMOUNT: 352023. DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 11/15/21 AMOUNT: 1000000. DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 02/04/22 AMOUNT: 522657. DESCRIPTION: DISTRIBUTION UPON EXECUTION OF ESTATE DATE: 05/06/23 AMOUNT: 653106. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55067452 2671011 5756262 612205 429149 980182 61473189 61114356 4390220 -8530732 444626 384348 1077418 55067452 46967627 2705656 13071648 372006 344040 914529 61114356 44835413 3779354 -78326 348378 299334 921102 46967627 42463666 1794618 2193828 396102 306543 914054 44835413 0.09672 0.77553 0.12774 0 0 176102 176102 107992 78404 29588 205690 SPLIT-INTEREST AGREEMENTS LIABILITY 466263 466263 12167653 3516053 -81347 3434706 8732947 0 8732947 4268043 0 4268043 122045 122045 4390088 PART V, LINE 4: THE ENDOWMENT FUNDS WILL BE USED AS RESTRICTED BY THE DONORS, INCLUDING BUT NOT LIMITED TO, SCHOLARSHIPS, PROFESSORSHIPS, CHAIRS, THE NAKATANI CENTER, ETHICS CENTER, DISCOVERY CENTER, AS WELL AS OTHER SPECIFIC PROGRAMMATIC PURPOSES AT UW-STOUT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 80,540. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -39,842. INVESTMENT MANAGEMENT FEES -122,045. 1 UNIVERSITY OF WISCONSIN - STOUT 712 S BROADWAY MENOMONIE WI 54751 391805963 STATE OF WISCONSIN 1604832 0 ASSISTANCE PROVIDED TO THE UNIVERSITY OF WISCONSIN-STOUT, WHICH IS THE REASON FOR THE FOUNDATION'S EXISTENCE. STOUT ALUMNI ASSOCIATION 320 S BROADWAY MENOMONIE WI 54751 390853896 501(C)(7) 174550 0 ADVANCE THE INTEREST AND EFFECTIVENESS OF UW STOUT AND STRENGTHEN TIES BETWEEN ALUMNI AND THE UNIVERSITY OF WI STOUT. 1 1 SCHOLARSHIPS TO UW-STOUT STUDENTS 673 1234836 SCHOLARSHIPS TO UW-STOUT STUDENTS PART I, LINE 2: ALL AID MUST ABIDE BY THE FOUNDATION'S FUND EXPENDITURE POLICY AND THE FUND'S PURPOSE STATEMENT ARE MONITORED BY THE FOUNDATION'S ACCOUNTING DEPARTMENT. X 8 286336 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS WITH THE UNIVERSITY OF WISCONSIN-STOUT TO LEASE EMPLOYEES. ONE OF THE LEASED EMPLOYEES IS CONTRACTED OUT AS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THIS INDIVIDUAL IS NOT AN OFFICER, DIRECTOR, OR KEY EMPLOYEE OF THE UNIVERSITY OF WISCONSIN-STOUT. WILLIAM JOHNSON'S 2022 COMPENSATION AS EXECUTIVE DIRECTOR IS AS FOLLOWS: REPORTABLE COMPENSATION: $150,878 ESTIMATED AMOUNT OF OTHER COMPENSATION: $51,175 IN FEBRUARY OF 2022, WILLIAM JOHNSON TERMED AS THE EXECUTIVE DIRECTOR AND KATHARINE REED BECAME THE EXECUTIVE DIRECTOR IN MARCH OF 2023. KATHARINE REED DID NOT RECEIVE ANY COMPENSATION DURING CALENDAR YEAR 2022 AS THE CONTRACTED EXECUTIVE DIRECTOR OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WERE PROVIDED WITH A COPY OF FORM 990 AND REQUIRED SCHEDULES, AT WHICH TIME ANY QUESTIONS WERE ANSWERED. THEREAFTER, IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO BOARD MEMBERS ANNUALLY FOR THEIR SIGNATURE INDICATING COMPLIANCE WITH IT. ALSO, FOUNDATION STAFF MONITOR COMPANIES WITH WHICH IT DOES BUSINESS FOR POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 80,540. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCES -39,842.