Wright State University Foundation INC FY2021 filing

Tax-deductible

Dayton, OH501(c)(3)Since 1966EducationEIN 23-7019799Revenue $13.3M in FY2021

On file with the IRSwrightstatefoundation.org3640 Colonel Glenn Hwy, 45435-0001 · Dayton, OHTax-exempt since Apr 1969Publicly supported charity — 170(b)(1)(A)(vi)

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The Wright State University Foundation's mission is to partner with Wright State University in providing funding that assists students from the Dayton region and beyond to obtain an affordable, quality education by: 1) promoting and facilitating a culture of engagement and philanthropy 2) prudently protecting, managing, and investing funds entrusted to it 3) disbursing funds aligned with the university's mission and priorities and ensuring funds disbursed are used as intended.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$449K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $8.2M a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$449K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
22
named funders · $1.1M
Looks good: 22 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.5M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.3M
-17% vs prior year
Spent
$8.1M
To programs
70%
Net assets
$162.6M
By yearFY2020–FY2025
Revenue
$13.3M
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$16.0M
FY2021$13.3M
FY2022$22.3M
FY2023$19.1M
FY2024$13.7M
FY2025$22.3M
Expenses
$8.1M
FY2021▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.1M
FY2021$8.1M
FY2022$9.3M
FY2023$10.4M
FY2024$10.3M
FY2025$9.6M
Net assets
$162.6M
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$134.7M
FY2021$162.6M
FY2022$145.6M
FY2023$156.2M
FY2024$169.1M
FY2025$189.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1969.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $5.6M Management & general 23% · $1.8M Fundraising 8% · $620K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $449K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$252,672Pt VII · Sec A
$134,240Pt VII · Sec A
Assistant Secretary
$61,661Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

R Scott Rash’s $272K as President & CEO is at the 58th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
R Scott Rash$271,781$268,926$251,991$261,673$252,672$71,772
Robert T Batson$137,677$134,863$131,491$127,903$134,240$136,259
Andrea Wall$69,309$65,259$61,841—$61,661$61,804

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides funding to help students get an affordable, quality education.

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Provided by the organization

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3 programs · $5.4M · in their own filed words · FY2020
01

Students at wright state university receive a quality education that is paid partly by tuition and partly by state subsidy. The latter revenue source has declined in recent years thereby making it more difficult to finance a college education.

$3.1Mprogram expense
02

Donated resources for various academic and support functions at wright state university allows administrators flexibility to deliver quality programs to their constituencies. These contributions supplement the university's budget allocation and allow program managers to offer unique and creative learning opportunities for students.

$1.9Mprogram expense
03

Scholarly research is a core part of wright state university's mission. The foundation seeks to enhance funding for these activities by raising private support that provides personnel and operating cost coverage for various projects. Many, although not all, of the university-supported research programs are in the field of medicine.

$429Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 22 funders →
Grants paid · 12 grants · $41.4M · 2019–2024
Unitemized GrantFY2024$3,624,847
Wright State University FoundationFY2024$3,065,709
Wright State UniversityFY2023$3,973,376
Unitemized GrantFY2023$3,335,408
Wright State UniversityFY2022$4,448,205
Unitemized GrantFY2022$3,144,682
Wright State UniversityFY2021$3,670,715
Unitemized GrantFY2021$2,987,939
Unitemized GrantFY2020$3,072,025
Wright State UniversityFY2020$2,555,680
Wright State UniversityFY2019$4,618,586
Unitemized GrantFY2019$2,939,855

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$13.3M
Ln 12
Investment incomeLn 3$9.9M
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$148K
Money outPt IX
$8.1M
Ln 25
Programscol B$5.6M
Managementcol C$1.8M
Fundraisingcol D$620K
Owns and owesPt X
$162.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$166.1M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
32
listed · VII A
PaidVII A3
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Noncash giftsLn 1g$95K
Investment incomeLn 3$9.9M
Other incomeLn 4–11$148K
Gains on assetsLn 7$4.9M
Total revenueLn 12$13.3M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$152.6M
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$3.7M
Total assetsLn 16$166.1M
LiabilitiesLn 26$3.5M
Net assetsLn 32$162.6M
OperationsPt I, VI
EmployeesI 510
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.2M$1.9M
InvestmentsLn 11–13$123.2M$152.6M
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$137.6M$166.1M
LiabilitiesLn 26$2.9M$3.5M
Net assetsLn 32$134.7M$162.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Grants to domestic individualsLn 2$3.1M$3.1M
Pay of current officers, directors and key staffLn 5$497K$497K
Other salaries and wagesLn 7$329K$98K$231K
Other employee benefitsLn 9$234K$153K$81K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$37K$37K
Investment management feesLn 11f$710K$710K
Other fees for servicesLn 11g$72K$0$22K$50K
Office expensesLn 13$9K$7K$1K
Information technologyLn 14$282K$29K$252K
OccupancyLn 16$105K$105K
TravelLn 17$7K$3K$4K
Depreciation, depletion and amortizationLn 22$118K$118K
Other expenses (24a–d)Ln 24$40K$40K$314
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$8.1M$5.6M$1.8M$620K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22.3M$9.6M$12.7M$189.1M 990 PDF
FY2024 $13.7M$10.3M$3.4M$169.1M 990 PDF
FY2023 $19.1M$10.4M$8.7M$156.2M 990 PDF
FY2022 $22.3M$9.3M$13.0M$145.6M 990 PDF
FY2021 Viewing $13.3M$8.1M$5.2M$162.6M 990 PDF
FY2020 $16.0M$10.1M$5.9M$134.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $13,302,016 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,055,494$3,259,650
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,809,371$9,894,444
I-11 Other revenuePrior year $106,646$147,922
I-12 Total revenuePrior year $15,971,511$13,302,016
I-13 Grants and similar amounts paidPrior year $7,558,441$5,627,705
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $924,094$1,059,168
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,593,517$1,409,899
I-18 Total expensesPrior year $10,076,052$8,096,772
I-19 Revenue less expensesPrior year $5,895,459$5,205,244
Part VI · Governance 29 of 29 board members independent, 1 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,302,016 across 8 lines filed
VIII-1f All other contributions, gifts and grants$3,259,650
VIII-1g Noncash contributions (included above)$95,180
VIII-1h Total contributions, gifts and grants$3,259,650
VIII-3 Investment incomeUnrelated business $19,087 · Excluded from tax $4,941,280$4,960,367
VIII-6 Net rental income or lossExcluded from tax $76,878$76,878
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,934,077$4,934,077
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $71,044$71,044
VIII-12 Total revenueRelated to mission $71,044 · Unrelated business $19,087 · Excluded from tax $9,952,235$13,302,016
Part IX · Statement of functional expenses $8,096,772 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $2,555,680$2,555,680
IX-2 Grants to domestic individualsPrograms $3,072,025$3,072,025
IX-5 Pay of current officers, directors and key staffManagement $496,729$496,729
IX-7 Other salaries and wagesManagement $98,184 · Fundraising $230,715$328,899
IX-9 Other employee benefitsManagement $152,534 · Fundraising $81,006$233,540
IX-11b Legal feesManagement $30,124$30,124
IX-11c Accounting feesManagement $36,594$36,594
IX-11f Investment management feesManagement $710,104$710,104
IX-11g Other fees for servicesPrograms $0 · Management $22,043 · Fundraising $50,369$72,412
IX-13 Office expensesManagement $7,254 · Fundraising $1,469$8,723
IX-14 Information technologyManagement $29,227 · Fundraising $252,307$281,534
IX-16 OccupancyManagement $105,234$105,234
IX-17 TravelManagement $3,218 · Fundraising $3,983$7,201
IX-22 Depreciation, depletion and amortizationManagement $118,022$118,022
IX-24 Other expenses (24a–d)Management $39,637 · Fundraising $314$39,951
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $5,627,705 · Management $1,848,904 · Fundraising $620,163$8,096,772
Part X · Balance sheet $166,064,682 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,170,778$1,945,321
X-3 Pledges and grants receivableStart of year $7,205,300$5,986,400
X-10c Land, buildings and equipment, netStart of year $2,045,729$1,927,707
X-11 Publicly traded securitiesStart of year $103,677,002$131,492,449
X-12 Other securitiesStart of year $19,519,678$21,058,142
X-15 Other assetsStart of year $3,026,364$3,654,663
X-16 Total assetsStart of year $137,644,851$166,064,682
X-17 Accounts payable and accrued expensesStart of year $145,915$223,307
X-25 Other liabilitiesStart of year $726,514$847,870
X-26 Total liabilitiesStart of year $2,904,211$3,505,349
X-27 Net assets without donor restrictionsStart of year $8,534,355$14,046,730
X-28 Net assets with donor restrictionsStart of year $126,206,285$148,512,603
X-32 Total net assets or fund balancesStart of year $134,740,640$162,559,333
X-33 Total liabilities and net assetsStart of year $137,644,851$166,064,682
Part XI · Reconciliation of net assets $162,559,333 net assets at year end
XI-1 Total revenue$13,302,016
XI-2 Total expenses$8,096,772
XI-3 Revenue less expenses$5,205,244
XI-4 Net assets at start of year$134,740,640
XI-5 Net unrealized gains (losses) on investments$22,276,363
XI-9 Other changes in net assets$337,086
XI-10 Net assets at end of year$162,559,333

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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