Wayne State University
75% goes to programs $36 to raise $100 Strong reserves
Wayne State University is a 501(c)(3) organization based in Detroit, Michigan, registered in 1961, with $21,711,369 in FY2023 revenue. CharityIndex grades it B+, and it directs about 75% of spending to programs.
5700 Cass Avenue Aab 4602, Detroit, MI, 48202 EIN 38-3555142 Since 1961
Revenue (FY2023)
$21.7M
▲ 132.6% vs prior year
Education median: $200K
Expenses (FY2023)
$26.4M
Net assets
$596.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating75% to programs · $36 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Wayne State University: 75% to programs · $36 to raise $100 earns a B+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating271 mo reserves · -22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wayne State University: 271 mo reserves · -22% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Wayne State University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wayne State University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Wayne state university foundation was established to be a centralized means of encouraging and managing financial support to wayne state university. this support allows wayne state university to provide its students, faculty, and scientists with opportunities for learning and discovery that otherwise would not have been financially possible.
Contact & location
- Address
- 5700 Cass Avenue Aab 4602, Detroit, MI, 48202
- City
- Detroit
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $41.8M (FY2016) to $21.7M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $151KNet assets $596.1M
Operating margin
-21.5%
Spent more than it raised in the latest fiscal year.
Total assets
$596.3M
Total liabilities
$151K
Net assets
$596.1M
Salaries & benefits
$0
0% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $21,711,369▲133% | $26,385,001▲9.1% | $596,140,284▲18.3% | $596,291,272▲18.3% | 990 |
| 2022 | $9,335,750▼93.5% | $24,181,087▲4.7% | $503,949,340▲11.3% | $504,174,175▲11.2% | 990 |
| 2021 | $143,332,679▲512% | $23,095,067▲19.7% | $452,697,630▼11.9% | $453,355,197▼12.0% | 990 |
| 2020 | $23,428,469▲1.4% | $19,297,349▲2.7% | $514,132,105▲22.2% | $515,100,298▲22.4% | 990 |
| 2019 | $23,111,509▼29.6% | $18,798,342▲4.7% | $420,645,001▲5.4% | $420,994,306▲5.3% | 990 |
| 2018 | $32,838,241▼17.3% | $17,947,015▲1.9% | $399,219,670▲1.9% | $399,810,411▲2.0% | 990 |
| 2017 | $39,724,639▼5.1% | $17,606,998▲8.2% | $391,654,354▲8.1% | $391,944,258▲8.0% | 990 |
| 2016 | $41,842,389 | $16,272,443 | $362,349,500 | $362,904,890 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alana Askew | Asst Vp Treasury | 5 | — |
| Angelo Vitale | Director | 1 | — |
| Bethany Gielczyk | Sr Vp, Cfo & Treasurer | 1 | — |
| Bryan C Barnhill III | Director | 1 | — |
| David Massaron | Sr Vp, Cfo & Treasurer (part Year) | 1 | — |
| David Ripple | Director/foundation President | 15 | — |
| Denise J Lewis | Director | 1 | — |
| Elizabeth Goldsberry | Director | 1 | — |
| James A Anderson | Chair | 1 | — |
| Kimberly Andrews Espy | Director/university President | 2 | — |
| Kolleen T Kennedy | Director | 1 | — |
| Linda Beale | Director/wsu Law Professor & President of Academic Senate | 1 | — |
| Marilyn Kelly | Director | 1 | — |
| Matthew J Simoncini | Director | 1 | — |
| M Roy Wilson Md Ms | University President (former) | 2 | — |
| Neco T Walker | Secretary | 15 | — |
| Quincy Allen | Director | 1 | — |
| Robert Reaves | Director (former) | 1 | — |
| Sean Werdlow | Director | 1 | — |
| Susan E Burns | President (former) | 15 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Commonfund | Investment Management Services | $596,597 |
Grants received · $6.1M total
71 grants to Wayne State University totaling $6.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| University of Pittsburgh | Research- subcontract | 2023 | $160,469 |
| Northwestern University | Support of research activities | 2023 | $119,701 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $68,050 |
| Donor Advised Charitable Giving | Education | 2023 | $51,550 |
| American Medical Association | Innovation groundwork teams grant to improve medical education | 2023 | $25,000 |
| Multiplier | Science policy, communication and advocacy education for early-career scientists. | 2023 | $6,300 |
| Johns Hopkins University | Sub-award | 2022 | $160,201 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $125,000 |
| University of Pittsburgh | Research- subcontract | 2022 | $79,111 |
| Northwestern University | Support of research activities | 2022 | $52,392 |
| The Blackbaud Giving Fund | General support | 2022 | $25,052 |
| Charities Aid Foundation America | Charitable donation | 2022 | $5,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $131,738 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $131,738 |
| University of Pittsburgh | Research- subcontract | 2021 | $103,570 |
Grants made · $19.9M in FY2023
1 grant totaling $19.9M in FY2023. All grants made by Wayne State University →
| Recipient | Purpose | Amount |
|---|---|---|
| Wayne State University | Program support | $19,912,528 |
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Compare Wayne State University
Frequently asked questions
- Is Wayne State University a legitimate nonprofit?
- Yes. Wayne State University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3555142, based in Detroit, Michigan. Donations are tax-deductible.
- What is Wayne State University's EIN?
- Wayne State University's Employer Identification Number (EIN) is 38-3555142.
- How much revenue does Wayne State University report?
- Wayne State University reported $21,711,369 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wayne State University's spending goes to programs?
- Wayne State University spends about 75% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wayne State University have?
- CharityIndex grades Wayne State University B+, based on program efficiency and fundraising cost.
- How much does Wayne State University's highest-paid employee make?
- The highest reported compensation on Wayne State University's latest Form 990 is $0, paid to Alana Askew (Asst Vp Treasury).
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Data for Wayne State University (EIN 38-3555142) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.