The Uwm Foundation
The Uwm Foundation reported $34.1 million in revenue and $28.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.31 went to program services, $9.96 to management and general costs and $2.73 to fundraising. Its largest source of revenue was contributions and grants: 77.3% of the total. The highest compensation it reported for one person was $378,636 (PRESIDENT; EX-OFFICIO (THRU MAY 25)). 4 people received more than $100,000 in reportable compensation. Revenue rose 5% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $34MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 77.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $378,636 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.35% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 117.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 31 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEducation: general support of the university of wisconsin-milwaukee's administration, schools, colleges, library, etc. For the benefit of its students, faculty, and staff
Scholarship programs: financial aid awarded to students enrolled at the university of wisconsin-milwaukee
Educational programs: special projects including sponsorship of the university of wisconsin-milwaukee's public radio station, honors program, performing arts concert hall, science bag series, and inner city nursing clinic
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT; EX-OFFICIO (THRU MAY 25) Officer, 26.00 hrs/week | $315,786 | $0 | $62,850 | $378,636 |
| COO; INTERIM-PRESIDENT; EX-OFFICIO Officer, 37.00 hrs/week | $179,661 | $0 | $35,711 | $215,372 |
| IT SYSTEMS MANAGER Highest compensated employee, 38.00 hrs/week | $116,182 | $0 | $47,753 | $163,935 |
| CONTROLLER Highest compensated employee, 38.00 hrs/week | $110,776 | $0 | $39,240 | $150,016 |
4 people received more than $100,000 in reportable compensation from The Uwm Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $616K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 526
- Volunteers Part I, line 635
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AFFINAQUEST LLC Crm | $200,011 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
38 private foundations reported grants to The Uwm Foundation totaling $5.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Uwm Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Uwm Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Uwm Foundation spent in FY2025, $87.31 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Stony Brook SchoolStony Brook, NY · revenue $34M · programs 90.4% · FY2025
- Paterson Arts and Science Charter SchoolFair Lawn, NJ · revenue $34M · programs 71.6% · FY2025
- Hebrew Academy for Special ChildrenBrooklyn, NY · revenue $34M · programs 88.5% · FY2025
- Goldey-Beacom CollegeWilmington, DE · revenue $34M · programs 81.1% · FY2025
- Union Commonwealth UniversityBarbourville, KY · revenue $34M · programs 87.1% · FY2025
Questions people ask
How much of The Uwm Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Uwm Foundation reported that 87.3% of its $28.1 million in expenses went to program services, 10.0% to management and general and 2.7% to fundraising (Form 990, Part IX).
How much does The Uwm Foundation pay its top executive?
The largest total compensation The Uwm Foundation reported for one person in the fiscal year ending June 30, 2025 was $378,636, for the role of PRESIDENT; EX-OFFICIO (THRU MAY 25) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Uwm Foundation get its money?
Of $34.1 million in revenue in the fiscal year ending June 30, 2025, 77.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is The Uwm Foundation a registered charity?
The IRS lists EIN 23-7337744 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641319349302854 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349302420 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349310504 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349305164 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349303967 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101199349300230 · read the filing
All filings for EIN 23-7337744: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.