2024-05-15T15:35:55-04:00 2023-06-30 383133790 ANDREWS HOOPER PAVLIK PLC 4295 OKEMOS RD STE 200 OKEMOS MI 488646201 990 2022-07-01 386085447 SAGINAW VALLEY STATE UNIVERSITY FOUNDATION SAGI 9899647132 7400 BAY ROAD UNIVERSITY CENTER MI 487100001 NOEL G HORNBACHER TREASURER 9899647132 2024-05-14 true NOEL HORNBACHER 999009999 false JULIE M PFEIFLE P00751307 5177060800 2024-04-26 2022 2023-04-26 12:10:37Z NOEL G HORNBACHER 7400 BAY ROAD UNIVERSITY CENTER MI 487100001 13469767 false X WWW.SVSU.EDU/FOUNDATION X 1963 MI TO GENERATE AND CULTIVATE A COMMUNITY OF ENTHUSIASTIC AND LOYAL DONORS WHO CONTRIBUTE TO THE DEVELOPMENT OF A PREMIER UNIVERSITY OF OUTSTANDING STUDENTS. 34 28 0 67 120553 96668 6255918 4000100 0 11824417 1560436 82781 120553 18163116 5681089 7518672 5816212 0 0 0 276435 994657 1143029 8513329 6959241 9649787 -1278152 97264931 102424930 1942415 464164 95322516 101960766 TO GENERATE AND CULTIVATE A COMMUNITY OF ENTHUSIASTIC AND LOYAL DONORS WHO CONTRIBUTE TO THE DEVELOPMENT OF A PREMIER UNIVERSITY OF OUTSTANDING STUDENTS. false false 5814275 5814275 TRANSFER TO SAGINAW VALLEY STATE UNIVERSITY TO FUND SCHOLARSHIPS, AWARDS, PROGRAMS, BUILDING PROJECTS, AND ENDOWED CHAIRS: SCHOLARSHIPS 2,571,684 AWARDS 47,836 PROGRAMS 2,709,564 BUILDING PROJECTS 24,500 ENDOWED CHAIRS 460,691 1937 1937 SUPPORT TO REGISTERED STUDENT ORGANIZATIONS AT SAGINAW VALLEY STATE UNIVERSITY: CARDINAL SINS 937 GREAT LAKES BAY MANUFACTURING ASSOCIATION 1,000 5816212 true true false false false false false false false true false true false true true false false true false false true false false false false false false true false true false false false false false false false false true false false false false true false false false true 3 0 true 0 true true true CJ false false false true true false false false false false false false false false X 34 28 false false false false false true false true true false false true true true true true true true true false MI X JANE ANDERSON 9899647132 7400 BAY ROAD UNIVERSITY CENTER MI 487100001 DONALD J BACHAND FIRST VICE C 1.00 60.00 X X 0 756463 63575 JAMES G MULADORE TREASURER 5.00 60.00 X X 0 319992 75129 DEBORAH R HUNTLEY DIRECTOR 1.00 60.00 X 0 245151 69025 ANDREW J BETHUNE EXEC. DIRECT 40.00 0.00 X 0 183555 40465 ELLEN E CRANE INTERIM EXEC 48.00 12.00 X 0 164881 48691 SUSAN L CRANE TREASURER 5.00 60.00 X X 0 159886 21767 JOHN A DECKER DIRECTOR 1.00 40.00 X 0 128832 18773 MARY ANNE ACKERMAN SECRETARY 1.00 32.00 X X 0 68622 7613 GEORGE GRANT JR FIRST VICE C 1.00 60.00 X X 0 19176 3212 DAVID J ABBS IMMEDIATE PA 1.00 0.00 X X 0 0 0 JENIFER ACOSTA DIRECTOR 1.00 0.00 X 0 0 0 DR WAHEED AKBAR CHAIR 1.00 0.00 X X 0 0 0 VICTOR H AVILES DIRECTOR 1.00 0.00 X 0 0 0 JESSICA BENTOSKI DIRECTOR 1.00 0.00 X 0 0 0 JANET M BOTZ DIRECTOR 1.00 0.00 X 0 0 0 SHEILDA D BRADDOCK DIRECTOR 1.00 0.00 X 0 0 0 SCOTT L CARMONA DIRECTOR 1.00 0.00 X 0 0 0 BETHANY CHARLTON DIRECTOR 1.00 0.00 X 0 0 0 SARAH L DELAHANTY DIRECTOR 1.00 0.00 X 0 0 0 MARY F DRAVES SECOND VICE 1.00 0.00 X X 0 0 0 ANNE H FLEGENHEIMER DIRECTOR 1.00 0.00 X 0 0 0 VANCE B FULTON DIRECTOR 1.00 0.00 X 0 0 0 JIMMY GREENE DIRECTOR 1.00 0.00 X 0 0 0 JOHN D L HUMPHREYS DIRECTOR 1.00 0.00 X 0 0 0 WENDY D KANAR DIRECTOR 1.00 0.00 X 0 0 0 BHUSHAN KULKARNI DIRECTOR 1.00 0.00 X 0 0 0 JOHN M KUNITZER DIRECTOR 1.00 0.00 X 0 0 0 KP KARUNAKARAN MD DIRECTOR 1.00 0.00 X 0 0 0 ADELE R MARTIN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS J NELLENBACH DIRECTOR 1.00 0.00 X 0 0 0 KIMBERLY A NORRIS DIRECTOR 1.00 0.00 X 0 0 0 KENNETH G ROZNOWSKI DIRECTOR 1.00 0.00 X 0 0 0 VICKI L RUPP DIRECTOR 1.00 0.00 X 0 0 0 CASSIE JO THIERFELDER DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL T TRIBBLE DIRECTOR 1.00 0.00 X 0 0 0 KATIE ZEHNDER WEISS DIRECTOR 1.00 0.00 X 0 0 0 RAJ MONDOL WIENER DIRECTOR 1.00 0.00 X 0 0 0 2046558 348250 false true false CLEARSTEAD ADVISORS LLC 1100 SUPERIOR AVENUE E SUITE 700 CLEVELAND OH 441142518 INVESTMENT MGT 124532 1 202545 3797555 668140 4000100 2268172 2268172 7080942 7788678 -707736 -707736 -707736 SILVER POINT SPECIALTY 900099 99149 99149 H.I.G 900099 16570 16570 COMMONFUND PRIVATE EQUITY VII 900099 4834 4834 120553 5681089 120553 1560436 5816212 5816212 204630 204630 ENDOWMENT MANAGEMENT FEE 864412 587977 276435 FEDERAL AND STATE TAXES 40353 40353 CHARITABLE GIFT ANNUITY 33634 33634 6959241 5816212 866594 276435 4599968 2437458 2050664 555494 121953 149365 64502633 73669587 20349930 19740448 5639783 5872578 97264931 102424930 1753833 274995 188582 189169 1942415 464164 X 10438014 11266748 84884502 90694018 95322516 101960766 97264931 102424930 -1278152 7916402 X false true X true false X 12061140 5899082 12070659 6255918 4000100 40286899 12061140 5899082 12070659 6255918 4000100 40286899 11312035 28974864 3312128 2020121 2385909 3989445 2268172 13975775 131271 63612 92382 66196 96668 450129 54712803 0.52960 0.53160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92339747 2617360 8688486 3199950 100445643 106849851 4498618 -16086862 2921860 92339747 85389333 921270 23488582 2949334 106849851 84839680 816226 2372417 2638990 85389333 82734415 2723755 2213572 2832062 84839680 0.16490 0.83510 true false ALTERNATIVE INVESTMENTS 19740448 F 19740448 BENEFICIAL INTEREST TRUSTS 5614365 LIFE INSURANCE 258213 5872578 CHARITABLE GIFT ANNUITIES 189169 189169 13392861 7916402 7916402 5476459 204630 204630 5681089 6754611 6754611 204630 204630 6959241 SCHEDULE D, PAGE 2, PART V, LINE 4 THE SAGINAW VALLEY STATE UNIVERSITY FOUNDATION HAS 350 DIFFERENT ENDOWMENTS AS OF JUNE 30, 2023 WHICH FUND VARIOUS SCHOLARSHIPS, AWARDS, PROGRAMS, AND ENDOWED CHAIRS AT SAGINAW VALLEY STATE UNIVERSITY. false CENTRAL AMERICA & THE CARIBBEAN INVESTMENT 13232673 NORTH AMERICA INVESTMENT 42385 13275058 13275058 true false true true true false SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA & THE CARIBBEAN 0 13,232,673 NORTH AMERICA 0 42,385 SCHEDULE F, PAGE 5, PART V NO GRANTS ARE PAID TO ORGANIZATIONS OUTSIDE THE UNITED STATES. THE ONLY ACTIVITY OUTSIDE THE UNITED STATES IS INVESTMENT IN ALTERNATIVE INVESTMENTS. true SAGINAW VALLEY STATE UNIVERSITY 7400 BAY ROAD UNIVERSITY CENTER MI 487100001 381798800 115 5814275 SUPPORT UNIVERSITY 1 SCHEDULE I, PAGE 1, PART I, LINE 2 ALL SCHOLARSHIPS ARE TO STUDENTS ATTENDING SAGINAW VALLEY STATE UNIVERSITY AND ALL OTHER GRANTS ARE FOR ACTIVITIES/PROGRAMS/AWARDS AT SAGINAW VALLEY STATE UNIVERSITY, WHICH IS LOCATED IN SAGINAW, MICHIGAN. SCHOLARSHIPS ARE AWARDED TO THE INDIVIDUAL STUDENTS BUT ARE PAID DIRECTLY TO THE UNIVERSITY. THEREFORE, THE FUNDS ARE ONLY USED IN THE UNITED STATES. true true false false false false false false false DONALD J BACHAND FIRST VICE CHAIR 313607 442856 38937 25710 820038 56725 JAMES G MULADORE TREASURER 226770 93222 51384 24817 395121 DEBORAH R HUNTLEY DIRECTOR 234747 10404 44216 25881 314176 ANDREW J BETHUNE EXEC. DIRECTOR 121042 62513 21675 19594 224020 ELLEN E CRANE INTERIM EXECDIRECTOR 160173 4708 20238 29525 213572 SUSAN L CRANE TREASURER 157694 2192 19010 3809 181653 SCHEDULE J, PART III PART I - 4A SAGINAW VALLEY STATE UNIVERSITY (A RELATED ORGANIZATION) MADE A SEVERANCE PAYMENT OF 42,713 TO ANDREW BETHUNE DURING CALENDAR YEAR 2022. THE SEVERANCE ARRANGEMENT WAS MADE TO ENSURE A SUCCESSFUL FACILITATION OF ROLE TRANSITION AND NONCOMPETE CONSIDERATIONS. PART I - 4B DONALD BACHAND, DEBORAH HUNTLEY, AND JAMES MULADORE PARTICIPATE IN A NON- QUALIFIED DEFERRED COMPENSATION PLAN OFFERED BY SAGINAW VALLEY STATE UNIVERSITY (A RELATED ORGANIZATION). DURING CALENDAR YEAR 2022, ADDITIONAL AMOUNTS WERE DEFERRED UNDER THE PLAN FOR BACHAND, MULADORE, AND HUNTLEY. TAXABLE PAYMENTS WERE INCLUDED IN PART II, COLUMN B(III) FOR BACHAND (300,000) UPON RETIREMENT. PAYMENTS TO OTHER PARTICIPANTS, IF ANY, WILL BE MADE AT THE COMPLETION OF THE EMPLOYMENT CONTRACT/UPON RETIREMENT. THE SVSU FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. ALL INDIVIDUALS THAT WORK WITH THE SVSU FOUNDATION ARE EMPLOYED BY SAGINAW VALLEY STATE UNIVERSITY. X 17 668140 FMV AT TIME OF GIFT false true false FORM 990 ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PART V, LINE 4B CAYMAN ISLANDS FORM 990, PAGE 6, PART VI, LINE 7A THERE ARE THREE GROUPS OF BOARD MEMBERS ON THE SVSU FOUNDATION BOARD. ONE GROUP IS APPOINTED BY THE SVSU BOARD OF CONTROL, ONE GROUP IS APPOINTED DUE TO THE NATURE OF THEIR DUTIES AT SVSU, AND THE THIRD GROUP IS ELECTED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE. ALL BOARD MEMBERS HAVE THE SAME VOTING RIGHTS. FORM 990, PAGE 6, PART VI, LINE 11B A COMPLETE COPY OF FORM 990 IS PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS OF SAGINAW VALLEY STATE UNIVERSITY (SVSU) FOUNDATION PRIOR TO SUBMISSION TO THE IRS. THE TREASURER REVIEWS THE FORM 990 WITH THE BOARD AT THEIR MEETING. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER COMPLETES AND SUBMITS A SIGNED COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY. DOCUMENTS ARE REVIEWED BY THE SVSU FOUNDATION ADMINISTRATION FOR POTENTIAL AREAS OF CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A THE SVSU FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. ALL INDIVIDUALS THAT WORK WITH THE SVSU FOUNDATION ARE EMPLOYED BY SAGINAW VALLEY STATE UNIVERSITY. THE PRESIDENT (CEO)'S SALARY IS APPROVED BY THE SAGINAW VALLEY STATE UNIVERSITY BOARD OF CONTROL. THE EXECUTIVE VICE PRESIDENT AND VICE PRESIDENTS' SALARIES ARE APPROVED BY THE PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS AND KEY EMPLOYEE SALARIES ARE APPROVED BY THE APPROPRIATE EXECUTIVE VICE PRESIDENT OR VICE PRESIDENT AND PRESIDENT. THE UNIVERSITY PARTICIPATES AND REGULARLY REVIEWS INDUSTRY SPECIFIC COMPENSATION SURVEYS TO DETERMINE REASONABLENESS OF SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 THE SAGINAW VALLEY STATE UNIVERSITY FOUNDATION MAKES GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE SAGINAW VALLEY STATE UNIVERSITY FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE INCLUDED AS A DISCRETELY PRESENTED COMPONENT UNIT IN THE AUDITED FINANCIAL STATEMENTS OF SAGINAW VALLEY STATE UNIVERSITY. THE AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEARS ENDING JUNE 30, 2013 THROUGH JUNE 30, 2023 ARE AVAILABLE ON THE WEBSITE AT HTTPS://WWW.SVSU.EDU/CONTROLLERSOFFICE/FINANCIALSTATEMENTS. SAGINAW VALLEY STATE UNIVERSITY 7400 BAY ROAD UNIVERSITY CENTER MI 487100001 381798800 UNIVERSITY MI 115 N/A false false true true false false false false false false false false false true false false false false false false SAGINAW VALLEY STATE UNIVERSITY B 5814275 ACTUAL SAGINAW VALLEY STATE UNIVERSITY C 202545 ACTUAL SAGINAW VALLEY STATE UNIVERSITY M 864412 ACTUAL SCHEDULE R PART V, LINES 1(B) AND 2(1): THE SAGINAW VALLEY STATE UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT SAGINAW VALLEY STATE UNIVERSITY. GIFTS TOTALING 5,814,275 WERE TRANSFERRED TO SAGINAW VALLEY STATE UNIVERSITY TO FUND SCHOLARSHIPS, AWARDS, PROGRAMS, BUILDING PROJECTS, AND ENDOWED CHAIRS. THIS AMOUNT IS REPORTED ON FORM 990, PART III, LINE 4A AS A PROGRAM SERVICE; FORM 990, PART IX, LINE 1; AND SCHEDULE R, PART V, LINE 1B AND 2(1). PART V, LINES 1(C) AND 2(2): DURING THE TAX YEAR, SAGINAW VALLEY STATE UNIVERSITY (A RELATED ORGANIZATION-PUBLIC UNIVERSITY EXEMPT UNDER SECTION 115 AS A POLITICAL SUBDIVISION OF THE STATE OF MICHIGAN) CONTRIBUTED 202,545 TO SELECTED ENDOWMENTS. PART V, LINES 1(M) AND 2(3): SAGINAW VALLEY STATE UNIVERSITY FOUNDATION PAYS THE UNIVERSITY A FEE OF UP TO ONE PERCENT OF THE ENDOWMENT ANNUALLY TOWARDS THE COSTS OF OPERATING THE FOUNDATION WHICH ARE PROVIDED BY THE UNIVERSITY. DURING THE TAX YEAR, THE FOUNDATION PAID 864,412 WHICH IS ALLOCATED BETWEEN MANAGEMENT/GENERAL AND FUNDRAISING EXPENSES.