2025-05-02T10:47:59-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2023-07-01 386115813 FERRIS FOUNDATION FERR 2315912365 420 OAK STREET PRAKKEN 101 BIG RAPIDS MI 493072031 CASSIE TENNANT ASSOCIATE VP OF FINANCE 2315912365 2025-04-29 1 0 DORI J EGGETT P00645252 3037409400 2025-04-29 2023 2025-03-06 01:10:19Z AMANDA MATHESON 420 OAK STREET PRAKKEN 101 BIG RAPIDS MI 493072031 30743581 0 X WWW.FERRIS.EDU/FOUNDATION X 1991 MI THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY. 29 27 0 28 -96880 0 5917082 5109404 0 0 2575929 5807833 -126038 -105135 8366973 10812102 6599973 7808230 0 0 0 0 0 0 96387 584984 562998 7184957 8371228 1182016 2440874 123419079 131149686 131026 275108 123288053 130874578 THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY. 0 0 7808230 7808230 OUR MISSION IS ACCOMPLISHED THROUGH: A COMPREHENSIVE, AGGRESSIVE, AND ETHICAL PRIVATE FUNDRAISING PROGRAM TARGETED TOWARD IDENTIFIED UNIVERSITY NEEDS AND GOALS; AGGRESSIVE, YET PRUDENT, FISCAL MANAGEMENT OF LONG-TERM PRIVATE ASSETS; AND ENTHUSIASTIC AND ETHICAL ADVOCACY OF THE UNIVERSITY AMONG ALL ITS CONSTITUENTS. 7808230 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X X CASSIE TENNANT 2315913888 420 OAK STREET BIG RAPIDS MI 49307 SUSAN JONES BOARD MEMBER/PROFESSOR OF MARKETING 0.30 40.00 X 0 208815 43546 MATTHEW BISSETT BOARD MEMBER 0.30 0.00 X 0 0 0 KEVIN CROSS BOARD MEMBER 0.30 0.00 X 0 0 0 PAUL DOYLE BOARD MEMBER 0.30 0.00 X 0 0 0 DENISE GRAVES BOARD MEMBER 0.30 0.00 X 0 0 0 DR JEAN K ELDER BOARD MEMBER 0.30 0.00 X 0 0 0 DR DANA KING BOARD MEMBER 0.30 0.00 X 0 0 0 DR DAVID PILGRIM BOARD MEMBER/PROFESSOR OF SOCIOLOGY 0.30 40.00 X 0 236744 48573 JENIFER CUTTER CHAIR ELECT 0.30 0.00 X X 0 0 0 ARLEN-DEAN GADDY CHAIR 0.30 0.00 X X 0 0 0 GARY GRANGER BOARD MEMBER 0.30 0.00 X 0 0 0 EMILY HANCOCK SECRETARY 0.30 0.00 X X 0 0 0 CHRISTINE VISNER BOARD MEMBER 0.30 0.00 X 0 0 0 KURT HOFMAN BOARD MEMBER 0.30 0.00 X 0 0 0 DR JOHN ENGELMAN II BOARD MEMBER 0.30 0.00 X 0 0 0 ANDREW KALINOWSKI BOARD MEMBER 0.30 0.00 X 0 0 0 RUSSELL VISNER BOARD MEMBER 0.30 0.00 X 0 0 0 MATTHEW NAWROCKI BOARD MEMBER 0.30 0.00 X 0 0 0 DR THOMAS P SCHOLLER BOARD MEMBER 0.30 0.00 X 0 0 0 RICHARD SHAW BOARD MEMBER 0.30 0.00 X 0 0 0 KEVIN SIMON BOARD MEMBER 0.30 0.00 X 0 0 0 DR ALTON SMITH BOARD MEMBER 0.30 0.00 X 0 0 0 HOWARD C STROSS BOARD MEMBER 0.30 0.00 X 0 0 0 JEREMY AMSHEY BOARD MEMBER 0.30 0.00 X 0 0 0 SARAH CHADWICK BOARD MEMBER 0.30 0.00 X 0 0 0 SHANE NAPPER BOARD MEMBER 0.30 0.00 X 0 0 0 DAVE NEITZER BOARD MEMBER 0.30 0.00 X 0 0 0 LAURIE PLACINCKI BOARD MEMBER 0.30 0.00 X 0 0 0 MICHAEL J VAN DIEPENBOS BOARD MEMBER 0.30 0.00 X 0 0 0 DR BILL PINK PRESIDENT, FERRIS STATE UNIVERSITY 0.30 40.00 X 0 478008 41319 AMANDA MATHESON TREASURER 1.00 40.00 X 0 66556 10611 JENNIFER TODD EXECUTIVE DIRECTOR 20.00 40.00 X 0 79292 21569 KENNETH BAILEY BOARD MEMBER 0.30 0.00 X 0 0 0 KATHY MULLINS EXECUTIVE BOARD/VP OF ADVANCEMENT 0.30 40.00 X 0 194617 36964 0 1264032 202582 0 0 1 0 0 148750 4960654 1386884 5109404 1632498 -96880 1729378 23999179 19823844 4175335 4175335 4175335 2500 148750 107635 -105135 -105135 10812102 0 -96880 5799578 7808230 7808230 446070 349683 96387 28700 28700 3353 3353 12397 12397 22449 22449 3750 3750 BANK CHARGES AND OTHER 41599 41599 CONF. FEE (NON TRAVEL) 4305 4305 AWARD PRIZES NON SCHOLA 375 375 8371228 7808230 466611 96387 562150 301527 3938415 3625501 2880212 2541556 15513199 17919285 100525103 106761817 123419079 131149686 44430 191110 86596 83998 131026 275108 X 23427923 8955806 99860130 121918772 123288053 130874578 123419079 131149686 X 2440874 5150028 -4377 X 0 1 X 1 0 X X 1 FERRIS STATE UNIVERSITY 386005159 6 1 6525506 1282724 1 6525506 1282724 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119719300 2022594 10916913 741792 4418485 127498530 113015293 4768161 6436869 3159883 1341140 119719300 116055893 4760965 -3614331 -3460539 -726965 113015293 87265749 2455316 -3321070 -3321070 -621876 116055893 88049377 1626046 -2760932 -2760932 87265749 0.06540 0.62550 0.30910 1 1 0 0 LIMITED PARTNERSHIP 31632994 F KILTEAM GLOBAL EQUITY FUND 10579844 F GQG PARTNERS GLOBAL EQUITY FUND 11905901 F POWERSHARES FTSE RAFI 10104567 F VANGUARD INSTL INDEX 10465525 F VANGUARD FTSE ALL WORLD 9929220 F VANGUARD SHORT-TERM BOND 11011675 F BAIRD INTERMEDIATE BOND FUND 5612814 F REAL ESTATE 5519277 F 106761817 ANNUITY LIABILITY 83998 83998 17126377 5150028 1112184 -4377 6257835 10868542 -56440 -56440 10812102 9426818 1112184 107635 1219819 8206999 164229 164229 8371228 PART V, LINE 4: TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERISTY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SPLIT-INTEREST AGREEMENT -4,377. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXP - RECLASS TO REVENUE -107,635. EXPENSES NET WITH INCOME ON F/S 51,195. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP - RECLASS TO REVENUE 107,635. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRANSFERS TO FERRIS STATE 113,034. EXPENSES NET WITH INCOME ON F/S 51,195. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 2129633 0 0 0 0 0 0 2129633 0 2129633 1 0 1 1 1 0 FOUNDATION GALA 151250 148750 2500 76917 30718 151250 148750 2500 76917 30718 107635 -105135 1 FERRIS STATE UNIVERSITY 1201 S STATE STREET BIG RAPDIS MI 49307 386005159 115 6525506 1282724 FMV EQUIPMENT/OTHER SUPPORT UNIVERSITY 0 0 0 0 0 0 0 0 0 DR BILL PINK PRESIDENT, FERRIS STATE UNIVERSITY 0 478008 0 0 0 0 0 0 0 41319 0 519327 0 0 DR DAVID PILGRIM BOARD MEMBER/PROFESSOR OF SOCIOLOGY 0 236744 0 0 0 0 0 0 0 48573 0 285317 0 0 SUSAN JONES BOARD MEMBER/PROFESSOR OF MARKETING 0 208815 0 0 0 0 0 0 0 43546 0 252361 0 0 KATHY MULLINS EXECUTIVE BOARD/VP OF ADVANCEMENT 0 194617 0 0 0 0 0 0 0 36964 0 231581 0 0 X 1 310000 FAIR MARKET VALUE X 5196 FAIR MARKET VALUE X 4 170637 FAIR MARKET VALUE X ALUMINUM/STEEL 27 647068 FAIR MARKET VALUE X MACHINERY/EQUIP 15 253983 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION BOARD AUDIT COMMITTEE WAS PROVIDED A PDF OF THE FORM 990 TO REVIEW VIA EMAIL BEFORE IT WAS SUBMITTED, AND IT HAS BEEN SHARED AS AN INFORMATIONAL ITEM WITH THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, HONORARY LIFE MEMBERS AND COMMITTEE MEMBERS, AND EMPLOYEES OF THE FERRIS FOUNDATION ARE TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. DIRECTORS OR MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST ARE TO GIVE FULL FACTUAL DISCLOSURE TO THE BOARD OF DIRECTORS. SUCH DIRECTORS OR MEMBERS SHALL ABSENT THEMSELVES DURING THE REVIEW OF THE MATTER BY THE BOARD OF DIRECTORS AND ITS VOTING ON THE MATTER, WHICH WOULD BE REFLECTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS VOLUNTEER THEIR TIME TO THE FERRIS FOUNDATION. FIVE OF THE DIRECTORS WORK FOR AND RECEIVE COMPENSATION FROM A RELATED ENTITY (FERRIS STATE UNIVERSITY). THE UNIVERSITY BOARD OF TRUSTEES NEGOTIATES WITH THE PRESIDENT ON HIS CONTRACT. EMPLOYEE WAGES ARE SET BY THE PRESIDENT WITH CONSULTATION OF THE BOARD IF APPROPRIATE. COMPARABILITY DATA IS USED WHEN SETTING WAGES FOR KEY EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS FISCAL YEAR 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE BYLAWS, FORM 990 TAX RETURN, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE FOUNDATION WEBSITE. OTHER DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND IRS DETERMINATION LETTER, ARE AVAILABLE UPON REQUEST THROUGH THE FOUNDATION OFFICE. FORM 990, PART VI - ADDITIONAL INFORMATION ALL LINES LEFT BLANK ARE NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT-INTEREST AGREEMENT -4,377. FERRIS STATE UNIVERSITY 1201 S STATE STREET BIG RAPIDS MI 49307 386005159 UNIVERSITY MI 115 LINE 6 N/A 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0