Financial reports

The UWL Foundation Annual Report outlines the assets and liabilities for the previous fiscal year (June 30-July 1). For more information, please contact Finance Director Pam Schomburg at pschomburg@uwlax.edu or 608.785.8037.

Financial report

FINANCIAL REPORT For the 12 months ending December 31, 2016
Balance Sheet    
Assets    
  Cash and Cash Investments $4,578,809
  Investments Professionally Managed $21,469,510
  Accounts Receivable $569,189
  Other Gifts Assets $283,997
  Building & Equipment $8,599
  Bond Service Costs $28,008
Total Assets   $26,938,112
     
Liabilities and Fund Balance
  Liabilities $45,794
  Due to other funds $0
  Interest rate swap agreements $0
  Bond Debt $935,000
  Total Liabilities $980,794
  Fund Balance $25,957,318
Total Liabilities and Funds Balance $27,918,906
STATEMENT OF SUPPORT, REVENUE AND CHANGES IN FUND BALANCE
Income December 31, 2016  
  Contributions and Capital Additions $3,128,271
  Interest and Other Income $977,597.00
Total Income   $4,105,868
     
Expenses (Support for the University)  
  Scholarships, Grants and Awards Campus and Community $3,278,083
  Fund Raising Costs $69,854
  Costs of Operations $235,324
Total Expenses   $3,583,261
     
  Net Appreciation (Depreciation) on Investments $1,074,583
  Increase/(Decrease) in Fund Balance $1,597,190
  Beginning Fund Balance $24,360,128
  Ending Fund Balance $25,957,318

Breakdown of Expenditures

Percent of each dollar expended for services, fundraising and operations. (12 months ending December 2016)

  • 91.5% - Program services
    Ongoing projects - endowment and restricted scholarships, university and community projects, faculty development grants, public education and other designated gifts. 
  • 1.9% - Fundraising costs
    Expenses for annual fund and phonathon mailings and with alumni and other friends of UW-La Crosse planning special gifts.
  • 6.6% - Cost of operations
    The administration, distribution and evaluation of scholarship and loan applications,  administration of faculty grants, maintenance of on-campus support programs (e.g., publications, receptions, etc.).