University of Minnesota Foundation
Minneapolis, MN · EIN 41-6042488 · Education · Rank 1,143 by total revenue
A non-profit organization with the sole purpose of supporting the university of minnesota with a mission to connect passion with possibility, inspire generosity, and support greatness at the university of minnesota.
Money, Form 990 for tax year 2024
- Total revenue
- $586,199,341
- Total expenses
- $383,185,554
- Total assets
- $5,473,796,088
- Salary base (all salaries and wages)
- $33,185,268
- Salaries, other pay and benefits
- $43,718,822
- Employees
- 41
- Salary base per employee
- $809,397
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (56)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Kathleen M Schmidlkofer | PRESIDENT/CEO (UNTIL 6/30/2025) | Board, Officer | 40 | $788,382 |
| Christine K Searson | VICE PRESIDENT/CFO | Officer | 40 | $460,969 |
| John Morris | PRESIDENT/CEO (STARTED 5/1/2025) | Board, Officer | 40 | None reported |
| Kenneth C Glaser | TRUSTEE/CHAIR | Board, Officer | 0.4 | None reported |
| Shari L Ballard | TRUSTEE (UNTIL 11/7/2024) | Board, Officer | 0.4 | None reported |
| Jacqueline R Williams-Roll | TRUSTEE/PAST CHAIR | Board, Officer | 0.4 | None reported |
| Abdul M Omari PHD | TRUSTEE/VICE CHAIR | Board, Officer | 0.4 | None reported |
| Roger J Sit | TRUSTEE/TREASURER | Board, Officer | 0.4 | None reported |
| Thomas G Olson | TRUSTEE/SECRETARY | Board, Officer | 0.4 | None reported |
| Pat Mascia | UMFREA MANAGING DIRECTOR | Key employee | 40 | $601,583 |
| Patricia K Porter | EXECUTIVE VICE PRESIDENT | Key employee | 40 | $552,234 |
| Robert J Burgett | SENIOR ADVISOR (UNTIL 6/30/25) | Key employee | 40 | $518,625 |
| Sarah E Youngerman | VICE PRESIDENT | Key employee | 40 | $354,760 |
| Sophia Khan | VICE PRESIDENT | Key employee | 40 | $354,682 |
| Michael Cohen | VICE PRESIDENT | Key employee | 40 | $324,952 |
| Wemimo S Abbey Mpa | TRUSTEE | Board | 0.4 | None reported |
| Blythe A Brenden | TRUSTEE | Board | 0.4 | None reported |
| Dorothy J Bridges | TRUSTEE | Board | 0.4 | None reported |
| Lynn Casey | TRUSTEE | Board | 0.4 | None reported |
| Rebecca A Crooks-Stratton | TRUSTEE | Board | 0.4 | None reported |
| Rebecca M Cunningham MD | TRUSTEE | Board | 0.4 | None reported |
| Mary A Davenport | TRUSTEE (UNTIL 6/30/2025) | Board | 0.4 | None reported |
| Kathie Eiland-Madison | TRUSTEE | Board | 0.4 | None reported |
| Acooa Ellis | TRUSTEE | Board | 0.4 | None reported |
| Michael B Fiterman | TRUSTEE | Board | 0.4 | None reported |
| W Anders Folk JD | TRUSTEE | Board | 0.4 | None reported |
| Julie E Gilbert | TRUSTEE | Board | 0.4 | None reported |
| Kurt E Heikkila | TRUSTEE (UNTIL 11/7/2024) | Board | 0.4 | None reported |
| Pahoua Hoffman | TRUSTEE | Board | 0.4 | None reported |
| Hoyt M Hsiao | TRUSTEE | Board | 0.4 | None reported |
| Douglas A Huebsch | TRUSTEE | Board | 0.4 | None reported |
| Michael H Johnson | TRUSTEE | Board | 0.4 | None reported |
| Ruth E Johnson | TRUSTEE | Board | 0.4 | None reported |
| James K Lee | TRUSTEE | Board | 0.4 | None reported |
| Michael P Lehan | TRUSTEE | Board | 0.4 | None reported |
| Beth Kieffer Leonard | TRUSTEE | Board | 0.4 | None reported |
| Ross Levin | TRUSTEE | Board | 0.4 | None reported |
| John E Lindahl | TRUSTEE | Board | 0.4 | None reported |
| Laurie Marsh | TRUSTEE | Board | 0.4 | None reported |
| David J McMillan JD | TRUSTEE | Board | 0.4 | None reported |
| Katherine A Nelson PHD | TRUSTEE | Board | 0.4 | None reported |
| Lea B Olsen | TRUSTEE | Board | 0.4 | None reported |
| Lisa Opoku JD | TRUSTEE | Board | 0.4 | None reported |
| Richard T Ostlund JD | TRUSTEE (UNTIL 11/7/2024) | Board | 0.4 | None reported |
| Bethany M Owen | TRUSTEE | Board | 0.4 | None reported |
| Lynne Redleaf | TRUSTEE | Board | 0.4 | None reported |
| Michael F Roman | TRUSTEE | Board | 0.4 | None reported |
| Ty R Silberhorn | TRUSTEE | Board | 0.4 | None reported |
| Philip E Soran | TRUSTEE | Board | 0.4 | None reported |
| Esta E Stecher | TRUSTEE | Board | 0.4 | None reported |
| Darrell A Thompson | TRUSTEE | Board | 0.4 | None reported |
| Erik M Torgerson | TRUSTEE (UNTIL 11/7/2024) | Board | 0.4 | None reported |
| Peter A Vorbrich | TRUSTEE | Board | 0.4 | None reported |
| Bradford W Wallin | TRUSTEE | Board | 0.4 | None reported |
| Theresa B Ward | TRUSTEE | Board | 0.4 | None reported |
| Nancy W Stefani | TRUSTEE | Board | 0.4 | None reported |
Top 10 paid people listed
These 10 people received $4,732,957, which is 14.3% of the $33,185,268 salary base shared by 41 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kathleen M Schmidlkofer | PRESIDENT/CEO (UNTIL 6/30/2025) | Board, Officer | 40 | $739,480 | $0 | $48,902 | $788,382 |
| Pat Mascia | UMFREA MANAGING DIRECTOR | Key employee | 40 | $542,850 | $0 | $58,733 | $601,583 |
| Patricia K Porter | EXECUTIVE VICE PRESIDENT | Key employee | 40 | $470,753 | $0 | $81,481 | $552,234 |
| Robert J Burgett | SENIOR ADVISOR (UNTIL 6/30/25) | Key employee | 40 | $457,446 | $0 | $61,179 | $518,625 |
| Christine K Searson | VICE PRESIDENT/CFO | Officer | 40 | $388,286 | $0 | $72,683 | $460,969 |
| Travis Smith | SENIOR VICE PRESIDENT | Highly paid employee | 40 | $319,213 | $0 | $58,827 | $378,040 |
| Catherine McGlinch | SENIOR VICE PRESIDENT | Highly paid employee | 40 | $300,668 | $0 | $68,472 | $369,140 |
| Sarah E Youngerman | VICE PRESIDENT | Key employee | 40 | $292,178 | $0 | $62,582 | $354,760 |
| Sophia Khan | VICE PRESIDENT | Key employee | 40 | $303,382 | $0 | $51,300 | $354,682 |
| Steven M Corkery | VICE PRESIDENT | Highly paid employee | 40 | $290,661 | $0 | $63,881 | $354,542 |
Sources
- IRS e-file return 202630919349300223 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-6042488
- Organization website (as filed): www.give.umn.edu