2023-05-11T15:04:19-05:00 2022-06-30 271235638 MCM CPAS & ADVISORS LLP 462 SOUTH 4TH STREET SUITE 2600 LOUISVILLE KY 40202 990 2021-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 BARRY POYNTER TREASURER 8596225012 2023-05-05 1 BARRY POYNTER XXX-XX-XXXX THERESA BATLINER CPA P00543162 5027491900 2023-05-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MR TROY ELLIS 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 12246465 0 X WWW.DEVELOPMENT.EKU.EDU/ X 1968 KY PROVIDING FINANCIAL SUPPORT FOR EASTERN KENTUCKY UNIVERSITY IN ACCOMPLISHING ITS GOALS OF EDUCATION AND REGIONAL STEWARDSHIP FUNDRAISING AND LONG TERM INVESTMENTS FOR THIS PURPOSE. 18 17 0 19 0 0 6223190 5973762 76000 30000 6867431 4823336 56241 63259 13222862 10890357 2706059 4716472 0 0 0 0 52000 53629 53629 651484 1032882 3409543 5802983 9813319 5087374 108575840 96787631 25955543 21979916 82620297 74807715 THE EKU FOUNDATION PROVIDES SUPPORT FOR EASTERN KENTUCKY UNIVERSITY IN ACCOMPLISHING ITS GOALS OF EDUCATION AND REGIONAL STEWARDSHIP WITHIN ITS SOUTHEASTERN KENTUCKY SERVICE REGION. 0 0 3553555 2886332 72459 FUNDING TO SUPPORT THE CORE MISSION OF THE UNIVERSITY BY ESTABLISHING FUNDS FOR ACADEMIC DEPARTMENTS TO PURCHASE EQUIPMENT, SUPPLIES, PROFESSIONAL DEVELOPMENT, AND OTHER MATERIALS RELATED TO FURTHERING THE CLASSROOM EXPERIENCE. 1830140 1830140 FUNDING TO SUPPORT STUDENT FINANCIAL AID AND SCHOLARSHIPS, THUS ENABLING THOSE STUDENTS WHO ARE BOTH CAPABLE AND/OR HAVE FINANCIAL NEED TO RECEIVE A COLLEGE EDUCATION. THESE INCLUDE MERIT SCHOLARSHIPS AWARDED TO STUDENTS IN THE EASTERN KENTUCKY UNIVERSITY HONORS PROGRAM, AS WELL AS SCHOLARSHIPS FOR STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED. ENDOWMENT INCOME FOR INVESTED FUNDS HELD BY THE EASTERN KENTUCKY UNIVERSITY FOUNDATION IS THE PRIMARY SOURCE OF FUNDING FOR THIS PURPOSE. 5383695 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 17 1 0 1 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 KY X BARRY POYNTER TREASURER 8596225012 521 LANCASTER AVE COATES BOX 31A RICHMOND KY 40475 DAVID T MCFADDIN EKU PRESIDENT 1.00 39.00 X 0 490991 23520 MARTIN COBB TRUSTEE 1.00 X 0 0 0 ANDREW PAGE TRUSTEE 1.00 X 0 0 0 LEWIS DIAZ BOARD OF REGENTS REPRESENTATIVE 1.00 X 0 0 0 DONALD WHITAKER TRUSTEE 1.00 X 0 0 0 JIM GUICE TRUSTEE 1.00 X 0 0 0 JOHN WADE TRUSTEE 1.00 X 0 0 0 JERI ISBELL TRUSTEE 1.00 X 0 0 0 APRIL PERRY TRUSTEE (ENDED 9/30/21) 1.00 X 0 0 0 RICHARD MATTINGLY TRUSTEE 1.00 X 0 0 0 MARY OUSLEY TRUSTEE 1.00 X 0 0 0 MARIBETH BERMAN TRUSTEE 1.00 X 0 0 0 BILL REDDICK TRUSTEE 1.00 X 0 0 0 ROBERT CLICK TRUSTEE 1.00 X 0 0 0 DEBORAH ALEXANDER TRUSTEE 1.00 X 0 0 0 BOB SULLIVAN INTERNATIONAL ALUMNI REPRESENTATIVE 1.00 X 0 0 0 MELISSA COMBS-WRIGHT TRUSTEE (ENDED 9/30/21) 1.00 X 0 0 0 MATT EVANS VICE CHAIR 1.00 X X 0 0 0 TROY ELLIS CHAIR 1.00 X X 0 0 0 SUZANNE P FAWBUSH SECRETARY 1.00 X X 0 0 0 BARRY POYNTER VP EKU/TREASURER 3.00 37.00 X 0 221986 45970 BETINA GARDNER VICE PRESIDENT, UNIV. DEV. 20.00 20.00 X 0 179293 15712 0 892270 85202 0 0 1 0 WELLINGTON TRUST NA 280 CONGRESS STREET BOSTON MA 022101006 INVESTMENT MANAGEMENT FEES 147568 FIFTH THIRD BANK 38 FOUNTAIN SQ PLZ CINCINNATII OH 45263 INVESTMENT MANAGEMENT FEES 138632 2 5973762 500443 5973762 ALUMNI EVENTS 900099 30000 30000 30000 2445370 2445370 3734074 1356108 2377966 2377966 2377966 20800 0 20800 20800 MISCELLANEOUS 900099 42459 42459 42459 10890357 72459 0 4844136 4716472 4716472 36120 36120 53629 53629 232427 232427 457659 369897 87762 48114 48114 182781 182781 735 735 220 220 1511 1511 14124 14124 12009 2659 9350 PROFESSIONAL EVENTS 31219 31219 APPAREL 6619 6619 MISCELLANEOUS 5438 5438 OFF CAMPUS RENTALS 2350 2350 1556 1556 5802983 5383695 365659 53629 22181563 16925701 828113 655408 59467 65467 850000 189223 674901 660777 83506419 77260499 1156014 1051027 169363 168752 108575840 96787631 42692 52209 25490606 21330594 422245 597113 25955543 21979916 X 13169779 11051496 69450518 63756219 82620297 74807715 108575840 96787631 5087374 -12899956 0 X X 0 1 X 1 0 X 3101990 2485672 2495270 6223190 5973762 20279884 3101990 2485672 2495270 6223190 5973762 20279884 2082521 18197363 1785056 1824317 1873608 2368952 2445370 10297303 20800 20800 41766 45375 94987 56241 42459 280828 30878815 339800 0.58930 0.59070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 97918861 1784061 -11557302 2748312 85397308 74420074 4625313 22015677 3142203 97918861 73049025 1289960 2367426 2286337 74420074 73574330 1639907 835621 3000833 73049025 69599732 1358365 5015187 2398954 73574330 0.11230 0.65960 0.22810 0 0 250000 250000 600000 189223 410777 660777 DUE TO UNIVERSITY 320026 DEFERRED GIFT LIABILITY 277087 597113 X -2242026 -12899956 -12899956 10657930 232427 232427 10890357 5570556 0 5570556 232427 232427 5802983 PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT RESOURCES IN THE POSSESSION OF, BUT NOT UNDER THE CONTROL OF, THE FOUNDATION. AT JUNE 30, 2022 AND 2021, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: REGIONAL UNIVERSITY ENDOWMENT TRUST FUND AND PROGRAMS OF DISTINCTION FUND. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE (CODE). THE FOUNDATION IS HOWEVER SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. ADDITIONALLY, THE FOUNDATION HAS BEEN DETERMINED BY THE IRS NOT TO BE A PRIVATE FOUNDATION WITHIN THE CONTEXT OF SECTION 509(A) OF THE CODE. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS OR LIABILITIES WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT OR LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY THAN-NOT TEST, NO TAX BENEFIT OR LIABILITY WILL BE RECORDED. MANAGEMENT IS NOT AWARE OF ANY TAX BENEFITS OR LIABILITIES WHICH WOULD WARRANT RECOGNITION AS OF JUNE 30, 2022 AND 2021. THE FOUNDATION WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE FOUNDATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2022 AND 2021. X X X X X 1 ALEXANDER HAAS INC 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING 0 5973762 53629 5920133 5973762 53629 5920133 KY 20800 1 1.00000 20800 20800 KY 1 0 0 0 1.00000 MELISSA GRINSTEAD 521 LANCASTER AVENUE CPO 19A RICHMOND KY 40475 0 MELISSA GRINSTEAD 0 EMPLOYEE OF RELATED COMPANY X 0 1 EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 115(1) 4686835 29637 FMV EDUCATIONAL SUPPLIES & EQUIPMENT/SUPPORT TO PROVIDE UNIVERSITY SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION WAS ESTABLISHED TO RECEIVE GIFTS AND CONTRIBUTIONS FOR THE BENEFIT OF EASTERN KENTUCKY UNIVERSITY AND TO ENSURE THAT FUNDS AND PROPERTY RECEIVED ARE APPLIED TO THE USES SPECIFIED BY THE DONORS. AS SUCH, AMOUNT REPORTED IN SCHEDULE I, PART II, REFLECT FINANCIAL SUPPORT THAT THE FOUNDATION PROVIDES TO THE UNIVERSITY FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, RESEARCH, FACILITIES, FACULTY AND OTHER INITIATIVES OF THE UNIVERSITY. 0 1 0 0 0 0 0 0 0 DAVID T MCFADDIN EKU PRESIDENT 0 374623 0 0 0 116368 0 23100 0 420 0 514511 0 0 BARRY POYNTER VP EKU/TREASURER 0 198362 0 20000 0 3624 0 44752 0 1218 0 267956 0 0 BETINA GARDNER VICE PRESIDENT, UNIV. DEV. 0 162793 0 16500 0 0 0 13505 0 2207 0 195005 0 0 PART I, LINE 3 COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS PAID AND DETERMINED BY EASTERN KENTUCKY UNIVERSITY (EKU), A RELATED TAX-EXEMPT ORGANIZATION. BETINA GARDNER WAS THE TOP MANAGEMENT OFFICIAL OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION. PART I, LINE 4B BARRY POYNTER PARTICIPATED IN A 457B PLAN ($7,200 EMPLOYEE CONTRIBUTION FOR CALENDAR YEAR 2021). X 9 470807 FMV X EDUCATIONAL SOFTWARE/SUPPLIES 9 29637 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MARIBETH BERMAN AND DAN MCBRIDE (FAMILY RELATIONSHIP). FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS WAS INCREASED TO TWENTY-FIVE MEMBERS FROM SIXTEEN. DIRECTORS MAY SERVE A SECOND TERM OF THREE YEARS IF APPROVED BY THE BOARD INSTEAD OF PREVIOUSLY BEING AN AUTOMATIC RENEWAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE MANAGEMENT OF EASTERN KENTUCKY UNIVERSITY ON BEHALF OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION, AS EASTERN KENTUCKY UNIVERSITY (EKU) PROVIDES ACCOUNTING AND FINANCIAL STATEMENT PREPARATION SERVICES FOR THE FOUNDATION. THEREFORE, EKU HAS THE INFORMATION NEEDED TO PREPARE THE FORM 990. THE FORM 990 WAS THEN PROVIDED TO EACH MEMBER OF THE GOVERNING BODY FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 MANAGEMENT OF EASTERN KENTUCKY UNIVERSITY OVERSEES ALL EXPENSES AND PAYMENTS MADE BY THE EKU FOUNDATION. PART OF THE REVIEW INCLUDES MONITORING TRANSACTIONS INVOLVING ANY KNOWN RELATED PARTY ASSOCIATED WITH THE FOUNDATION, INCLUDING MEMBERS OF FOUNDATION MANAGEMENT AND/ OR FOUNDATION BOARD MEMBERS. ANY SUSPICIOUS ACTIVITY IS REVIEWED BY UNIVERSITY EXECUTIVE MANAGEMENT. IN ADDITION ALL TRUSTEES AND OFFICERS ARE SURVEYED ANNUALLY, VIA AN EXTENSIVE QUESTIONNAIRE, TO DISCLOSE A VARIETY OF RELATIONSHIPS WITH EACH OTHER OR DIRECTLY WITH THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL AND TOP FINANCIAL OFFICIAL ARE PAID BY EASTERN KENTUCKY UNIVERSITY, A RELATED TAX-EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 EDUCATION KY GOVERNMENT N/A 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0