Kansas State University Foundation
- Assets
- $1.3b
- Revenue
- $256.5m
- Investments
- $560.6m
- Employees
- 234
- Location
- Manhattan, KS
- Founding
- 03/1945
- Data as of
- 06/2022
- EIN
- 48-0667209
Organization Overview
Kansas State University Foundation is located in Manhattan, KS. The organization was established in 1945. 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 06/2022, Kansas State University Foundation employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas State University Foundation 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 06/2022, Kansas State University Foundation generated $256.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $126.4m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kansas State University Foundation has awarded 83 individual grants totaling $529,955,463. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KSU FOUNDATION ENCOURAGES AND PRUDENTLY MANAGES GIFTS DONATED FOR THE BENEFIT OF KSU AND FOSTERS A CULTURE THAT UNITES PHILANTHROPIC DESIRES WITH UNIVERSITY PRIORITIES.
Describe the Organization's Program Activity:
KANSAS STATE UNIVERSITY ADMINISTRATIVE SUPPORT FOR CENTRAL ADMINISTRATION, COLLEGES AND ATHLETICS. EXPENDITURES INCLUDE MONIES TRANSFERRED AND OR EXPENDED FOR SALARIES FOR FACULTY AND STAFF, TRAVEL FOR CONFERENCES, SEMINARS, SPEAKERS, VISITING PROFESSORS, EMPLOYEE RECRUITMENT, PROFESSIONAL AND CONSULTING SERVICES, EQUIPMENT AND COMPUTING PURCHASES. ADDITIONALLY, MONIES ARE TRANSFERRED TO ATHLETICS FOR USE IN SUPPORT OF ACADEMIC SERVICES, SPORTS MEDICINE, EQUIPMENT AND COMPUTER PURCHASES, TRAVEL COSTS AS WELL AS CAPITAL IMPROVEMENTS.
KANSAS STATE UNIVERSITY SCHOLARSHIPS--GENEROUS DONORS TO KANSAS STATE UNIVERSITY FOUNDATION HAVE PROVIDED ENDOWED AND EXPENDABLE FUNDS TO BE USED FOR PROVIDING SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS OF KANSAS STATE UNIVERSITY. 7,503 STUDENTS RECEIVED SCHOLARSHIP ASSISTANCE DURING THE 21/22 ACADEMIC YEAR.
KANSAS STATE UNIVERSITY ACADEMIC SUPPORT EXPENDITURES ARE MADE FOR THE PURCHASE OF COMPUTER HARDWARE AND SOFTWARE, FURNITURE AND EQUIPMENT, PROFESSIONAL SERVICES AND CONSULTATIONS, CLASSROOM AND LAB SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Willems President/ceo | Officer | 45 | $483,556 |
Lois Cox VP For Investments/cio | Officer | 40 | $603,323 |
Greg Lohrentz Sr VP Operations And Finance | Officer | 40 | $380,933 |
Paul Chai Director Of Investments | 45 | $323,160 | |
Christopher Mills Avp Information Tech And Infra | 45 | $178,861 | |
Jill Trego VP Culture And Engagement | 45 | $176,836 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uc Innovation Inc Hardware/software | 6/29/22 | $335,014 |
Aerosim Technologies Inc Hardware/software | 6/29/22 | $427,500 |
Salesforce Hardware/software | 6/29/22 | $269,067 |
Trinium Inc Construction | 6/29/22 | $626,910 |
Mccown Gordon Construction Llc Construction | 6/29/22 | $3,593,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,161,437 |
| Fundraising events | $1,944,229 |
| Related organizations | $3,549,223 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,175,514 |
| Noncash contributions included in lines 1a–1f | $11,479,507 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,830,403 |
| Total Program Service Revenue | $1,682,989 |
| Investment income | $11,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $81,550 |
| Net Rental Income | $684,500 |
| Net Gain/Loss on Asset Sales | $63,369,690 |
| Net Income from Fundraising Events | $159,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,518,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,748,526 |
| Grants and other assistance to domestic individuals. | $18,092,636 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,845 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,049,970 |
| Compensation of current officers, directors, key employees. | $1,769,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,036,153 |
| Pension plan accruals and contributions | $1,027,381 |
| Other employee benefits | $1,685,325 |
| Payroll taxes | $769,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,476 |
| Fees for services: Accounting | $134,558 |
| Fees for services: Lobbying | $21,971 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,510,850 |
| Fees for services: Other | $7,283,687 |
| Advertising and promotion | $1,211,833 |
| Office expenses | $1,356,327 |
| Information technology | $2,010,016 |
| Royalties | $0 |
| Occupancy | $1,058,175 |
| Travel | $1,316,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $281,622 |
| Interest | $95,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $761,340 |
| Insurance | $367,254 |
| All other expenses | $0 |
| Total functional expenses | $126,437,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $101,533,440 |
| Pledges and grants receivable | $137,660,436 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,424,021 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $55,296,210 |
| Investments—publicly traded securities | $382,276,186 |
| Investments—other securities | $560,602,823 |
| Investments—program-related | $8,889,428 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,256,682,544 |
| Accounts payable and accrued expenses | $9,943,334 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,110,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,542,384 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,731,748 |
| Total liabilities | $86,327,466 |
| Net assets without donor restrictions | $85,949,039 |
| Net assets with donor restrictions | $1,084,406,039 |
| 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 | $1,256,682,544 |
Grants Awarded
Over the last fiscal year, Kansas State University Foundation has awarded $70,756,715 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS STATE UNIVERSITY PURPOSE: Scholarships and Support | $16,002,446 |
KANSAS STATE UNIVERSITY PURPOSE: ADMINISTRATIVE SUPPORT | $7,396,577 |
K-STATE ATHLETICS PURPOSE: SCHOLARSHIPS AND SUPPORT | $42,284,107 |
KANSAS STATE UNIVERSITY ALUMNI ASSOCIATION PURPOSE: SUPPORT/SCHOLARSHIPS | $2,425,723 |
K-STATE ATHLETICS PURPOSE: ADMINISTRATIVE SUPPORT | $2,608,595 |
KANSAS STATE UNIVERSITY ALUMNI ASSOCATION PURPOSE: ADMINISTRATIVE SUPPORT,DEPARTMENTAL SUPPORT, PROPE | $14,017 |