Kentucky State University Foundation Inc
- Assets
- $14.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Frankfort, KY
- Founding
- 02/1974
- Data as of
- 06/2021
- EIN
- 23-7351574
Organization Overview
Kentucky State University Foundation Inc is located in Frankfort, KY. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Kentucky State University Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Kentucky State University Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTERING THE COLLECTION AND DISBURSEMENTS OF SCHOLARSHIP FUNDS TO ELIGIBLE STUDENTS AND PROVIDING MONETARY SUPPORT FOR THE ACADEMIC PROGRAMS AND ACTIVITIES OF KENTUCKY STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERING THE COLLECTION AND DISBURSEMENTS OF SCHOLARSHIP FUNDS TO ELIGIBLE STUDENTS AND PROVIDING MONETARY SUPPORT FOR THE ACADEMIC PROGRAMS AND ACTIVITIES OF KENTUCKY STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Lyons Treasurer | OfficerTrustee | 40 | $182,115 |
Willie Peale President | OfficerTrustee | 0 | $0 |
Patricia Stone Vice President | OfficerTrustee | 0 | $0 |
Tava T Clay Secretary | OfficerTrustee | 0 | $0 |
Jeffrey Mcdonald Trustee | Trustee | 0 | $0 |
Lee Charles Harris Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,598,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,598,147 |
| Total Program Service Revenue | $0 |
| Investment income | $215,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $701,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,515,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $547,615 |
| Grants and other assistance to domestic individuals. | $610,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,410 |
| Compensation of current officers, directors, key employees. | $112,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,485 |
| Fees for services: Other | $43,258 |
| Advertising and promotion | $0 |
| Office expenses | $40,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,394 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,875 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,689,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $854,178 |
| Savings and temporary cash investments | $933,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,417 |
| Investments—publicly traded securities | $12,817,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,971 |
| Total assets | $14,653,010 |
| Accounts payable and accrued expenses | $4,942 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,942 |
| Net assets without donor restrictions | $19,889 |
| Net assets with donor restrictions | $14,628,179 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,653,010 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kentucky State University Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kp Cares Powder Springs, GA PURPOSE: Scholarship | $10,000 |
Endowment Analysis
| Beg. Balance | $7,578,236 |
| Admin Expense | $617,210 |
| Net Contributions | $1,106,454 |
| Ending Balance | $8,067,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |