2025-05-13T13:29:43-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1000 VINE CENTER 333 WEST VINE ST LEXINGTON KY 40507 990 2023-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 BRIAN MULLINS INTERIM VP OF FINANCE & CFO 8596225012 2025-05-13 1 1 MELANIE MCPEAK P01346034 8595147800 2023 2025-03-06 01:10:19Z SUZANNE P FAWBUSH 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 21001546 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. 19 18 0 21 0 0 7349396 6070356 0 0 3314474 1028543 137698 119599 10801568 7218498 5440342 9105308 0 0 0 0 764 0 0 666824 697238 6107930 9802546 4693638 -2584048 107369118 117032557 23295720 26565412 84073398 90467145 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 6868218 6553617 109363 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. 2553391 2551691 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. 9421609 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 0 0 0 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 SUZANNE FAWBUSH CHAIR 1.00 0.00 X X 0 0 0 BILL REDDICK VICE-CHAIR 1.00 0.00 X X 0 0 0 TOM LARANCE SECRETARY 1.00 0.00 X X 0 0 0 DAVID MCFADDIN PRESIDENT OF EKU 1.00 36.50 X 0 557401 56224 DEBORAH ALEXANDER TRUSTEE 1.00 0.00 X 0 0 0 BRIAN BRODE TRUSTEE 1.00 0.00 X 0 0 0 MARTIN COBB TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL EAVES TRUSTEE 1.00 0.00 X 0 0 0 TROY ELLIS TRUSTEE 1.00 0.00 X 0 0 0 CHARLEY GILLISPIE TRUSTEE 1.00 0.00 X 0 0 0 JIM GUICE TRUSTEE, THRU 08/23 1.00 0.00 X 0 0 0 MELANIE HUDSON TRUSTEE 1.00 0.00 X 0 0 0 JERI ISBELL TRUSTEE 1.00 0.00 X 0 0 0 RICHARD MATTINGLY TRUSTEE 1.00 0.00 X 0 0 0 ALVIN MILLER TRUSTEE, FROM 04/24 1.00 0.00 X 0 0 0 MARY OUSLEY TRUSTEE 1.00 0.00 X 0 0 0 ANDREW PAGE TRUSTEE, THRU 08/23 1.00 0.00 X 0 0 0 LUCY RIFFLE TRUSTEE 1.00 0.00 X 0 0 0 ROSE SKEPPLE TRUSTEE 1.00 0.00 X 0 0 0 JOHN WADE TRUSTEE 1.00 0.00 X 0 0 0 DONALD WHITAKER TRUSTEE 1.00 0.00 X 0 0 0 BARRY POYNTER TREASURER 3.00 34.50 X 0 224066 30271 MARY BETH NEISER VP OF DEVELOPMENT 20.00 17.50 X 0 80261 18238 0 861728 104733 2 0 1 0 FIFTH THIRD BANK 38 FOUNTAIN SQ PLZ CINCINNATI OH 45263 INVESTMENT MANAGEMENT FEES 146396 1 6070356 384403 6070356 2956212 2956212 11847235 13774904 -1927669 -1927669 -1927669 18380 8144 10236 10236 MISCELLANEOUS 900099 109363 109363 109363 7218498 109363 0 1038779 9105308 9105308 44060 44060 207424 207424 107733 11150 96583 13084 13084 187479 154951 32528 4080 4080 114 114 14124 14124 342 342 CAPITAL EXPENDITURES 85500 85500 PROFESSIONAL EVENTS 20680 20680 FLOWERS 4819 4819 APPAREL 2466 2466 5333 5333 9802546 9421609 380937 0 15037387 19075474 1817232 1763462 61747 61747 850000 217472 646652 632528 88734017 94742751 897371 586964 174712 169631 107369118 117032557 39213 38293 22876766 24781833 379741 1745286 23295720 26565412 X 11863852 13096801 72209546 77370344 84073398 90467145 107369118 117032557 -2584048 8977795 0 X X 0 1 X 1 0 X 2495270 6223190 5973762 7349396 6070356 28111974 2495270 6223190 5973762 7349396 6070356 28111974 3058863 25053111 1873608 2368952 2445370 2136349 2956212 11780491 20800 12700 10236 43736 39936201 606048 0.62730 0.60850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 95203444 2105410 10834223 4863530 103279547 85397308 4170609 9856981 4221454 95203444 97918861 1784061 -11557302 2748312 85397308 74420074 4625313 22015677 3142203 97918861 73049025 1289960 2367426 2286337 74420074 0.13520 0.51180 0.35300 0 0 250000 250000 600000 217472 382528 632528 DUE TO UNIVERSITY 1495300 DEFERRED GIFT LIABILITY 249986 1745286 X 15988869 8977795 8977795 7011074 207424 207424 7218498 9595122 0 9595122 207424 207424 9802546 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, 2024 AND 2023, 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 THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE (CODE). TO THE EXTENT APPLICABLE, THE FOUNDATION IS, HOWEVER, SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. 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, 2024 AND 2023. 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, 2024 AND 2023. 18380 8000 144 1 1.00000 18380 8000 144 8144 10236 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) 9103836 1472 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 MCFADDIN PRESIDENT OF EKU 0 363859 0 73061 0 120481 0 45672 0 10552 0 613625 0 0 BARRY POYNTER TREASURER 0 220442 0 0 0 3624 0 22208 0 8063 0 254337 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. MARY BETH NEISER WAS THE TOP MANAGEMENT OFFICIAL OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION. PART I, LINE 4B BARRY POYNTER PARTICIPATED IN A 457B PLAN ($18,900 EMPLOYEE CONTRIBUTION FOR CALENDAR YEAR 2023) AND DAVID MCFADDIN ALSO PARTICIPATED IN A 457B PLAN ($22,500 EMPLOYEE CONTRIBUTION FOR CALENDAR YEAR 2023). X 7 382931 FMV X EDUCATIONAL SUPPLIES 4 1472 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED FOR EACH CATEGORY. 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