WASHINGTON STATE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

WASHINGTON STATE UNIVERSITY FOUNDATION

EIN 91-1075542 · Fund Raising & Fund Distribution - Education (B12)

What they do

The Mission of The Foundation is to Promote, Accept, and Maximize Private Support for Programs, Initiatives, and Properties of Washington State University and Its Regional Campuses. The Foundation Also Prudently Manages, Invests, and Stewards Assets Entrusted to It.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders40 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

68.14%of revenue went to mission work75.0% of expenses · Program services

6.47%of revenue went to fundraising7.1% of expenses

$90.82spent for every $100 of revenueRevenue covered expenses this year.

16.22%of revenue went to management and office costs17.9% of expenses

$7.39in assets for every $1 spent this yearSome assets cannot be spent right away.

66.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $485,722 for MICHAEL C CONNELL (VICE PRESIDENT, CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$125,178,582

Mission workProgram services$85,294,05268.14% of revenue75.0% of expenses

ManagementOffice and general costs$20,299,13916.22% of revenue17.9% of expenses

FundraisingAsking for donations$8,094,0146.47% of revenue7.1% of expenses

Revenue left after expensesReported annual surplus$11,491,3779.18% of revenueShown in gray on the chart

Total expenses$113,687,20590.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.0% mission · 17.9% management · 7.1% fundraisingTotal expenses: 90.82% of revenue

2023Expense mix: 72.2% mission · 19.4% management · 8.4% fundraisingTotal expenses: 96.30% of revenue

2022Expense mix: 74.9% mission · 17.1% management · 8.0% fundraisingTotal expenses: 101.68% of revenue

2021Expense mix: 77.1% mission · 16.7% management · 6.2% fundraisingTotal expenses: 64.48% of revenue

2020Expense mix: 73.9% mission · 17.2% management · 9.0% fundraisingTotal expenses: 79.86% of revenue

2019Expense mix: 74.2% mission · 16.5% management · 9.3% fundraisingTotal expenses: 91.70% of revenue

Money in and money out

Revenue$125,178,582

Expenses$113,687,205

Annual surplus $11,491,377 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$85,294,052 · 75.0% of expenses

Management and office costs$20,299,139 · 17.9% of expenses

Fundraising$8,094,014 · 7.1% of expenses

See all reported dollar amounts

Revenue$125,178,582

Expenses$113,687,205

Assets$840,658,296

Income$211,490,521

Contributions$82,937,322

Mission work (program services)$85,294,052

Fundraising$8,094,014

Grants given$439,059,866

Average grant$62,722,838

Management and general$20,299,139

Stocks and bonds$716,750,667

Accounting fees$46,800

Investing fees$1,216,578

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICHAEL C CONNELLVICE PRESIDENT, CHIEF EXECUTIVE OFFICER · 40 hrs/week $485,722Base $431,534 · Other $54,188

HAROLD DON SHEARERSENIOR ASSOCIATE VICE PRESIDENT & COO · 40 hrs/week $376,467Base $329,304 · Other $47,163

JULIE BENSONASSOCIATE VICE PRESIDENT · 40 hrs/week $280,084Base $247,456 · Other $32,628

VICTORIA MILESASSOCIATE VICE PRESIDENT · 40 hrs/week $269,888Base $232,997 · Other $36,891

TERRY KELLYGENERAL COUNSEL · 40 hrs/week $269,658Base $231,998 · Other $37,660

JUAN ZAVALAASSOCIATE VICE PRESIDENT · 40 hrs/week $244,656Base $214,529 · Other $30,127

BROOKE E LEDEBOERSENIOR DIRECTOR · 40 hrs/week $220,917Base $192,142 · Other $28,775

THERESA BOYERDIRECTOR · 40 hrs/week $193,931Base $166,962 · Other $26,969

ELIZABETH RYANDIRECTOR · 40 hrs/week $192,661Base $162,392 · Other $30,269

ANAMARIE BURTONASSOCIATE VICE PRESIDENT · 40 hrs/week $188,096Base $161,882 · Other $26,214

DAWN M BARNARD-THRU JUNE 24CHIEF FINANCIAL OFFICER $181,966Base $163,018 · Other $18,948

HAO-YU CHIUASSOCIATE VICE PRESIDENT & CFO · 40 hrs/week $175,311Base $149,838 · Other $25,473

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (40)

MICHAEL C CONNELLVICE PRESIDENT, CHIEF EXECUTIVE OFFICER

HAROLD DON SHEARERSENIOR ASSOCIATE VICE PRESIDENT & COO

JULIE BENSONASSOCIATE VICE PRESIDENT

VICTORIA MILESASSOCIATE VICE PRESIDENT

TERRY KELLYGENERAL COUNSEL

JUAN ZAVALAASSOCIATE VICE PRESIDENT

BROOKE E LEDEBOERSENIOR DIRECTOR

THERESA BOYERDIRECTOR

ELIZABETH RYANDIRECTOR

ANAMARIE BURTONASSOCIATE VICE PRESIDENT

DAWN M BARNARD-THRU JUNE 24CHIEF FINANCIAL OFFICER

HAO-YU CHIUASSOCIATE VICE PRESIDENT & CFO

JENNIFER MILTENBERGER-START JAN 25ASSOCIATE VICE PRESIDENT

ALEX PIETSCH-START DEC 24ASSOCIATE VICE PRESIDENT

MELANIE LANGEBOARD DIRECTOR

MANDY MINICKBOARD DIRECTOR

MARJORIE CHANGBOARD DIRECTOR

JIM COUGHLINBOARD DIRECTOR & TREASURER

MICHAEL HAMBELTONBOARD DIRECTOR

MIKE WORTHYBOARD DIRECTOR

MOLLY PHILOPANT-THRU DEC 24BOARD DIRECTOR

RICHARD MCKINNEYBOARD DIRECTOR

SHERYL OSSELLOBOARD DIRECTOR

SUE CHRISTIANSONBOARD DIRECTOR

UMA JAYARAMBOARD DIRECTOR

LIZ PRITCHARDBOARD DIRECTOR & VICE PRESIDENT

KATHY BRINDLEYBOARD DIRECTOR

JOHN C MINGEBOARD DIRECTOR & PRESIDENT

JACK PELOBOARD DIRECTOR

HUBERT LANGENHORSTBOARD DIRECTOR

GINA MEYERSBOARD DIRECTOR

GARY TEAGUEBOARD DIRECTOR

ELIZABETH SCHNEIDERBOARD DIRECTOR & SECRETARY

CASSA HANONBOARD DIRECTOR

CARON OGGBOARD DIRECTOR

CAROL BUCKINGHAMBOARD DIRECTOR

BRUCE AMUNDSONBOARD DIRECTOR

BOB WOLFEBOARD DIRECTOR

BILL WARDBOARD DIRECTOR

AMY TULLBOARD DIRECTOR

About this charity

Recognized since: January 1979
Location: PO Box 641927, Pullman, WA 991641927
County: Whitman
In care of: Michael C Connell
Primary officer: Michael C Connell, VP Advancement & CEO WSU Foundation

How to reach them

WebsiteVisit the charity’s website Emailfoundation@wsu.eduIRS Phone(509) 335-1686 Officer phone(509) 335-6686

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Fund Raising & Fund Distribution - Education (B12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes