Marshall University Foundation Incorporated

Organization Overview

Marshall University Foundation Incorporated is located in Huntington, WV. The organization was established in 1951. 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 06/2023, Marshall University Foundation Incorporated employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall University Foundation Incorporated 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 06/2023, Marshall University Foundation Incorporated generated $48.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $18.3m during the year ending 06/2023. While expenses have increased by 4.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MARSHALL UNIVERSITY FOUNDATION WAS CHARTERED ON JANUARY 3, 1947 AS AN INDEPENDENT NON-PROFIT ORGANIZATION TO RECEIVE, INVEST, ADMINISTER AND DISBURSE PRIVATE RESOURCES ON BEHALF OF MARSHALL UNIVERSITY.

Describe the Organization's Program Activity:

THE ORGANIZATION PROVIDES SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO FACULTY AND STUDENTS RELATED TO THEIR EDUCATIONAL PURSUITS AT THE UNIVERSITY


OTHER EXPENSES ATTRIBUTABLE TO PROGRAM FUNDS IN SUPPORT OF THE UNIVERSITY AND DEPARTMENTS, AND ADJUSTMENTS FOR BAD DEBTS.


THE ORGANIZATION PROVIDES SUPPORT TO THE UNIVERSITY BROADLY AND TO INDIVIDUAL DEPARTMENTS IN SUPPORT OF THEIR RESPECTIVE EDUCATION PRIORITIES IN THE FORM OF PAYROLL AND STIPEND SUPPORT, AS WELL AS TO DESIGNATED FUNDS ON BEHALF OF DEPARTMENTAL AND UNIVERSITY PROJECTS.


DEPARTMENT AND UNIT OPERATING FUNDS PROVIDE ADDITIONAL RESOURCES FOR PROGRAMS, TRAVEL, TRAINING, EQUIPMENT AND SUPPLIES, AND OTHER MISCELLANEOUS PURPOSES ON BEHALF OF UNIVERSITY DEPARTMENTS


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Board, Officers & Key Employees

Name (title)Compensation
Dr Ronald G Area
CEO
$264,755
Mr R Scott Anderson
CFO
$138,036
Mr Joseph Allwood
COO
$121,223
Mrs Nancy E Campbell
Board Chair
$0
Mrs Carol J Hartley
First Vice Chair
$0
Mr Bernard Coston
Second Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,155,776
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$22,076,807
Noncash contributions included in lines 1a–1f $253,502
Total Revenue from Contributions, Gifts, Grants & Similar$23,232,583
Total Program Service Revenue$50,389
Investment income $1,852,950
Tax Exempt Bond Proceeds $0
Royalties $25,301
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,174,086
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $14,442
Miscellaneous Revenue$0
Total Revenue $48,068,529

Peer Organizations

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$65,304,081
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$79,373,462
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University Of Maryland Baltimore Foundation Inc
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Virginia Commonwealth University College Of Engineering Foundation
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University Of Virginia Investment Management Company
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University Of Virginia Law School Foundation
Charlottesville, VA
$37,875,854
Vmi Foundation
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School Employees Benefit Trust
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Miami University Foundation Inc
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Wku Student Life Foundation Inc
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$30,600,200
Bowling Green State University Foundation Inc
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$28,051,237
Benedictine Educational Foundation
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University Of Maryland Obstetrical And Gynecological Associates P A
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$21,512,675
The University Of Toledo Foundation
Toledo, OH
$41,543,760
Alvina Reckman Myers Trust
Pittsburgh, PA
$263,049
Youngstown State University Foundation
Youngstown, OH
$28,980,786
Old Dominion University Educational Foundation
Norfolk, VA
$28,545,693
Marshall University Foundation Incorporated
Huntington, WV
$48,068,529
Foundation For Indiana University Of Pennsylvania
Indiana, PA
$24,261,569
Kent State University Foundation
Kent, OH
$49,925,385

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