University of Central Missouri Foundation
Smiser Alumni Center
University of Central Missouri
Warrensburg MO 64093
Web and Phone Contact
Telephone (660) 543-8000
Mission Statement

To cultivate, manage and distribute resources in support of the University of Central Missouri.

CEO/Executive Director Mr J. Lance Cavanaugh
Board Chair Richard Phillips
Board Chair Company Affiliation Retired, Educator
History and Background
Year of Incorporation 1979
Former Names
Central Missouri State University
Financial Summary
Revenue Expense Area Graph

Comparing revenue to expenses shows how the organizations finances fluctuate over time.

Source: IRS Form 990

Net Gain/Loss:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.
Mission Statement

To cultivate, manage and distribute resources in support of the University of Central Missouri.

Background Statement
Although UCM is a public institution, the university receives less than half of its funding from state appropriations. The UCM Foundation was incorporated in 1979 to help the university meet its needs beyond state appropriations and tuition revenue.

The foundation has a formal affiliation agreement with UCM. It is led by a volunteer board of directors that elects officers and appoints new members. Its executive director is the vice president for advancement. Ex-officio members are the university president and a representative of the Board of Governors. Central Missouri acknowledges the UCM Foundation as the preferred channel for private contributions to the university.

Staff members work with alumni and friends, corporations and foundations to raise funds for scholarships, academic programs, facilities, equipment, professorships, leadership awards, research projects and many other university priorities.
Impact Statement
  • For the fifth consecutive year, the UCM Foundation increased the payout from endowments in support of students and academic programs.
  • The Foundation Board authorized a payout of $1.3-million for fiscal year 2017, which is a 9.72-percent increase from FY16 and nearly triple the payout since FY12.
  • Fourteen projects received funding in FY16 through the UCM Foundation's Opportunity Grants Program, totaling $37,000. Grants start at $100 to an individual maximum of $5,000. Projects range from aerial drone with equipped video camera and a set of West African drums to the creation of a transmedia storytelling lab and an eight-week structured exploration in understanding masculinity
  • Exceeded FY16 fundraising goal prior to the fiscal year close.
  • Received 30,960 student applications for our scholarship program, MoCents, an online application system. 
  • Invigorate Engagement
  • Inspire Service
  • Elevate Performance
Needs Statement
  • Need-based scholarships
  • Retention-incentive scholarships 
  • Missouri Innovation Center
Service Categories
Funding Raising & Fund Distribution
Fund Raising & Fund Distribution
Areas of Service
CEO/Executive Director/Board Chair Statement

One of the biggest challenges a university foundation faces today is being able to help students to achieve their goal of a college degree while faced with rising tuition costs and increasing student loan debt. Scholarships are important, as always, but developing need-based funding sources are just as vital. That's why one of major programs in recent years has to been the funding of retention scholarships, helping students to complete their college degrees. Our recent investment management strategies have helped the foundation not only survive the tumultuous economic times but thrive. We take the stewardship of our endowment very seriously because we know that income must keep up with the growing need of our students. We have been able to maintain and even increase the annual payout rate based on the superior performance of our investments. 

The Foundation's Opportunity Grant Program supports faculty and staff who have ideas but insufficient resources for entrepreneurial projects that strengthen the university’s learning environment and students’ academic experience. The program provides one-time seed money for projects that result in significant outcomes and that advance the university’s strategic positioning platform of engaged learning, worldly perspective, culture of service and future-focused academics. Forty-three projects have been funded to date, including the start of a campus food pantry, international service learning experiences, a new honor for veteran nursing graduates, new technology for several academic programs, faculty research, and more. Year three funding was increased to $37,000 in support of 14 projects, a 48 percent increase in funding since year one. 
Category Education, General/Other Postsecondary Education
Population Served Adults, ,
Short-Term Success These grants vary and have different impacts on students' learning experiences. No specific quantifying outcome is required for the grant.
Long-Term Success Various grants impacting college students' learning opportunities. Each grant has separate outcomes, such as providing ammunition for first place ranked criminal justice student organization, art exhibit addressing earth and animal preservation, campus event focused on addressing sexual assault, new camera technology advancements for incoming students. No specific quantifying information or goal is required for these grants.
Program Success Monitored By Grant recipients are required to make mid-term and final fiscal year reports about how funds were used and outcomes achieved, including the number of students impacted. These vary by grant and are monitored by the UCM Foundation Executive Director.
Examples of Program Success In its first year of funding $25,000 impacted 28,347 people internationally; providing meals for communities in need, educating people on the history of the Holocaust, educating students on wireless tethering technology, empowering young minds during a Women in Leadership Conference, and many other ways. 
Description This student leadership team educates current students and the university’s alumni about the value of engagement and philanthropy. Students come from all backgrounds: advertising, publicity, recruitment, professional development, future planning, student engagement, philanthropy, social media, events and programs. 
Category Education, General/Other Alumni
Population Served Adults, ,
Short-Term Success Once just ambassadors to alumni at on and off campus events, this group is taking on greater responsibilities as relate to a stronger culture of philanthropy and alumni engagement with current students.
Long-Term Success These student representatives are tasked with increasing internal awareness and engagement of alumni to strengthen philanthropic activities.
Program Success Monitored By Our special projects coordinator who selects the students also makes assignments and monitors their success.
Examples of Program Success Red Lead is a new student group on campus, results for this year are pending. 
Description As part of their academic program, these hand-selected marketing students develop and implement innovative strategies to raise awareness and philanthropic engagement among current students and young alumni through such actions as analysis of eCommunications, launch of Twitter and Instagram sites, and research into crowdfunding.
Category Philanthropy, Voluntarism & Grantmaking, General/Other Philanthropy, Voluntarism & Grantmaking, General/Other
Population Served Adults, ,
Short-Term Success The group's first project was the 2015 Student Philanthropy Day. They engaged over 300 students, faculty and staff members in an interactive photo booth located in the university's union, their audience thanked donors for gifts found throughout campus.
Long-Term Success This student group is charged with raising awareness of philanthropy and alumni engagement among current students with the goal to increase alumni giving participation rates.
Program Success Monitored By The Foundation's special projects coordinator supervises this group and evaluates their success in collaboration with a faculty member from the marketing department.
Examples of Program Success This student group is another example of direct academic impact by the UCM Foundation and donors' unrestricted gifts. It will generate greater awareness among current students and engage greater numbers of alumni, ultimately leading to higher alumni giving participation rates.
Description With a $500,000 portfolio allocated by the Foundation Board, these undergraduate and graduate finance students perform detailed analysis of potential investments, security selection and performance. They conduct monthly research to review every asset in the portfolio, analyzing performance and comparing overall portfolio performance to benchmarks. Next, students make recommendations to buy or sell assets or rebalance asset allocation. They are required to make presentations to an advisory board and the Foundation executive director who decides whether to act on their recommendations.
Category Education, General/Other Educational Programs
Population Served Adults, ,
Short-Term Success The first academic class, Fall 2014-Spring 2015, took the $500,000 investment and through their investments, have gained some $56,000. In addition, they are learning to make presentations and recommendations to clients, all part of having successful careers in the investment and finance world.
Long-Term Success This student investment group is another example of the Foundation's direct impact on student learning and how unrestricted gifts provide opportunities otherwise not available. The success of this program is stronger graduates into the investment world and profits for the Foundation.
Program Success Monitored By Program success is monitored by finance faculty members and the Foundation executive director.
Examples of Program Success The first class of student investments took the $500,000 investment, made client presentations, and to date have realized gains of some $56,000.
Description This online application system makes it easy and convenient for students to apply for Foundation scholarships and generates a spreadsheet of all qualifying applicants to the academic areas administering recipient selection, providing an efficient, effective method to make sure donor-funded scholarships help the most students. 
Category Education, General/Other Postsecondary Education
Population Served General/Unspecified, ,
Short-Term Success
The first year using MoCents, applications for Foundation scholarships tripled totaling 2,107 profiles created by students. In many instances, students qualified for up to 50 or 60 scholarships, tremendously impacting the pool departments could consider in making awards. Out of 2,107 students 977 received $1,041,802 in scholarship support. 
 In its second year MoCents applications increased to 2,498 profiles. 
Long-Term Success Complete transition from students applying for scholarships on paper to applying for scholarships online through MoCents. 
Program Success Monitored By The foundation scholarship coordinator Vicki Voskovitch monitors MoCents. She sought out feedback before and after the launch of MoCents by test groups, faculty, staff and students. 
Examples of Program Success
2,107 student profiles were created for scholarships through the online database in its first year. In many instances they qualified for upwards of 50 or 60 scholarships, significantly broadening the pool of candidates departments could consider for awards.
In its second year MoCents applications increased to 2,498 profiles. 
Executive Director/CEO
Executive Director Mr J. Lance Cavanaugh
Term Start Sept 2017
Lance Cavanaugh has 38 years of experience in higher education philanthropic development, major fundraising campaigns, alumni programs and strategic communications.
He has more than 10 years of experience at the vice presidential level, at not only UCM but also at the University of Wisconsin-Green Bay, at the University of Arizona in Tucson and at Monmouth College in Illinois. In addition, he has raised major gifts and directed development, alumni and public relations programs at the University of Wisconsin Foundation, Iowa State University Foundation, Wright State University, Beloit College, University of Minnesota Duluth, University of Nevada Reno Foundation and Southwest Minnesota State University.
Early in his career, he was a television news reporter and newscast producer before entering the field of higher education institutional advancement. He holds a bachelor of arts degree in media arts (journalism) from the College of St. Scholastica in Duluth, Minn.
Co-CEO/Executive Director
Term Start 0
Compensation Last Year
Senior Staff
Title Executive Assistant and Donor Stewardship Officer
Title Director of Corporate Relations
Title Director of Planned Giving
Title Foundation Accountant
Title Director of Prospect Management and Research
Paid Full-Time Staff 13
Paid Part-Time Staff 0
Volunteers 0
Paid Contractors 3
Formal Evaluations
CEO Formal Evaluation Yes
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation Yes
Senior Management Formal Evaluation Frequency Annually
Non-Management Formal Evaluation Yes
Non-Management Formal Evaluation Frequency Quarterly
Plans & Policies
Organization Has a Fundraising Plan Under Development
Organization Has a Strategic Plan Under Development
Management Succession Plan Under Development
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Board Chair
Board Chair Richard Phillips
Company Affiliation Retired, Educator
Term July 2016 to June 2018
Board Members
Gary Abram HCap International
Eric Campbell VML
Peter Carmack Wells Fargo Advisors
Wade Carpenter Summit Wealth Advisors
James Claiborne Financial Partners Group
Mike Davidson Retired, State Farm
Michael Davidson Retired, State Farm
Vance DeLozier D&H Media, Key Realty, DeLozier Realty, KeyMark Properties
Diane Dudley KPMG Federal Audit Practice
Linnette Garber Retired, Kaslow, Chernikoff and Garber
Michael Hanna Dentist
Kelly (Stoll) Harbert Spectrum Partners
Michael Harding Retired, Anheuser-Busch
Jim Hatfield Pinnacle West Capital Corporation, Arizona Public Service Company
Homer Kay Hallmark International
Ken Kempker Retired, Service Experts
Leslie Krasner Corporate Equity Solutions Group
Vince Marchetti Advanced LifeSciences
Tim McClellan Black and Veatch
Anand Mehta Retired, Boys and Girls Club of America
Mike Orndorff American Century Investments
Richard Phillips Retired
Randy Rahe Camping World
Jessica Ramirez Metropolitan Community College
Ronald Roby GII of Illinois
Keith Schreiman Retired, Unitog
Mark Schupp Retired, Schupp Company
Scott Taylor Urban & Taylor, S.C.
Yolanda Trueheart Lundbeck Pharmaceuticals
Ron Umphenour Stewart Mellon LLC
Linda Wade Retired
Bill Westhoff Lakeview Investment Advisors LLC
Cynthia Wilson Mercy Health System
Board Demographics - Ethnicity
African American/Black 2
Asian American/Pacific Islander 1
Caucasian 28
Hispanic/Latino 1
Native American/American Indian 0
Other 1
Board Demographics - Gender
Male 25
Female 8
Unspecified 0
Board Term Lengths 3
Board Term Limits 3
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making In-Kind Contributions 0%
Constituency Includes Client Representation No
Number of Full Board Meetings Annually 3
Fiscal Year Start July 01, 2017
Fiscal Year End June 30, 2018
Projected Revenue $6,000,000
Projected Expenses $3,750,000
Endowment Value $35,405,569
Spending Policy Percentage
Percentage 5
Form 990s
Audit Documents
IRS Letter of Exemption
Foundation Comments
  • FYE 6/30/2016, 2015: Financial data reported using the IRS Form 990.
  • FYE 6/30/2014: Financial data reported using the organization's audited financial statements.  
  • Foundation/corporate revenue line item may include contributions from individuals. 
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201620152014
Foundation and
Corporation Contributions
Government Contributions$0$0$0
Individual Contributions----$0
Investment Income, Net of Losses$837,080$2,220,281$4,810,803
Membership Dues$0$0$0
Special Events$174,219$177,002$0
Revenue In-Kind$955,781$603,992$408,193
Expense Allocation
Fiscal Year201620152014
Program Expense$3,766,003$3,369,487$2,569,508
Administration Expense$507,527$369,948$552,427
Fundraising Expense$175,653$194,616$295,644
Payments to Affiliates----$0
Total Revenue/Total Expenses1.361.652.74
Program Expense/Total Expenses85%86%75%
Fundraising Expense/Contributed Revenue4%5%7%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$51,968,638$51,377,527$50,072,155
Current Assets$5,954,999$4,807,941$3,072,498
Long-Term Liabilities$1,454,073$1,469,468$0
Current Liabilities$179,326$361,561$2,360,409
Total Net Assets$50,335,239$49,546,498$47,711,746
Short-Term Solvency
Fiscal Year201620152014
Current Ratio: Current Assets/Current Liabilities33.2113.301.30
Long-Term Solvency
Fiscal Year201620152014
Long-Term Liabilities/Total Assets3%3%0%
Top Funding Sources
Fiscal Year201620152014
Top Funding Source & Dollar Amount --Anonymous $518,962 --
Second Highest Funding Source & Dollar Amount --Anonymous $303,800 --
Third Highest Funding Source & Dollar Amount --Anonymous $161,645 --
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years Yes
Organization Name University of Central Missouri Foundation
Address Smiser Alumni Center
University of Central Missouri
Warrensburg, MO 64093
Primary Phone (660) 543-8000
Contact Email
CEO/Executive Director Mr J. Lance Cavanaugh
Board Chair Richard Phillips
Board Chair Company Affiliation Retired, Educator
Year of Incorporation 1979
Former Names
Central Missouri State University