2021-10-27T10:55:39-05:00 2020-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 435 N WHITTINGTON PKWY STE 400 LOUISVILLE KY 40222 990 2020-01-01 611251555 WESTERN KENTUCKY UNIVERSITY FOUNDATION WEST 2707453105 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 DONALD SMITH PRESIDENT 2707453105 2021-10-13 1 DONALD SMITH 999009999 AMELIA SEBASTIAN P01251828 5025896050 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z WKU FOUNDATION DONALD SMITH 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 86488582 0 X WWW.WKUFOUNDATION.ORG X 1993 KY PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 21,088 SERVED IN 2020. 19 18 0 18 0 0 5604156 6607202 0 0 8665722 5302326 580188 33662 14850066 11943190 7640632 2143042 0 0 0 0 0 0 290206 4868959 4089488 12509591 6232530 2340475 5710660 110073920 121116558 23432803 23232577 86641117 97883981 X THE MISSION OF WESTERN KENTUCKY UNIVERSITY FOUNDATION (WKUF) IS TO CREATE A CULTURE OF PHILANTHROPY THAT WILL ADVANCE THE GOALS OF WKU THROUGH FUNDRAISING, PRUDENT AND TRUSTED FINANCIAL MANAGEMENT AND INVESTMENT OF RESOURCES GIVEN FOR THE BENEFIT OF WKU AND IN KEEPING WITH THE WISHES OF DONORS. THE WKUF WILL MEET THE HIGHEST STANDARDS OF BEST PRACTICES IN ALL ASPECTS OF ITS OPERATION. 0 0 4145376 2021356 11230 PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 21,088 PEOPLE WERE SERVED DURING 2020. 555024 FUNDING FOR PUBLIC SERVICE AREAS OF WESTERN KENTUCKY UNIVERSITY (PUBLIC BROADCASTING, KENTUCKY MUSEUM, CLINICAL EDUCATION COMPLEX) TO BENEFIT RESIDENTS OF SOUTH CENTRAL KENTUCKY, NORTHERN TENNESSEE, AND SOUTHERN INDIANA - APPROXIMATELY 1,000,000 PEOPLE WERE SERVED DURING 2020. 480596 121686 FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 21,088 PEOPLE WERE SERVED DURING 2020. 5180996 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 69 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 KY ND CA NH OR OH NY SC RI IL MD MI NJ MN WI AK ME FL MS WA CO MA X X CYNTHIA WILKERSON 2707456421 292 ALUMNI AVENUE SUITE 305 BOWLING GREEN KY 42101 DR RANDY CAPPS TRUSTEE 2.00 X 0 33156 6052 DR TIMOTHY CABONI TRUSTEE 2.00 X 0 453016 51228 MR AL PEDIGO TRUSTEE 2.00 X 0 0 0 MR BARKLEY PAYNE TRUSTEE 2.00 X 0 0 0 MR BOB YOUNG VICE-CHAIR 2.00 X 0 0 0 MR DAVID TATMAN TRUSTEE 2.00 X 0 0 0 MR FREDDIE HIGDON TRUSTEE 2.00 X 0 0 0 MR GARRY WATKINS CHAIR 2.00 X 0 0 0 MR JIM MARTENS TRUSTEE 2.00 X 0 0 0 MR JOE MOREL TRUSTEE 2.00 X 0 0 0 MR KIM MENKE PAST CHAIR 2.00 X 0 0 0 MR MARK ANTONINI TRUSTEE 2.00 X 0 0 0 MR PAUL CALICO CHAIR 2.00 X 0 0 0 MR RANDY SCHUMAKER TRUSTEE 2.00 X 0 0 0 MR STEVE SHIRLEY TRUSTEE 2.00 X 0 0 0 MR THOMAS HART TRUSTEE 2.00 X 0 0 0 MS DEANNA MILLS TRUSTEE 2.00 X 0 0 0 MS JENNIFER GREULICH TRUSTEE 2.00 X 0 0 0 MS JULIE HINSON TRUSTEE 2.00 X 0 0 0 MS LAURA BOWRA TRUSTEE 2.00 X 0 0 0 MS MICHELLE WELLS TRUSTEE 2.00 X 0 0 0 MS SHANNON VITALE TRUSTEE 2.00 X 0 0 0 DR DONALD SMITH PRESIDENT 2.00 35.50 X 0 199000 83811 MRS CYNTHIA WILKERSON CHIEF FINANCIAL OFFICER 37.50 X 0 100760 30268 MS MARCIA BROWN SECRETARY 2.00 35.50 X 0 55008 39892 0 840940 211251 0 0 1 0 ARAMARK 1906 COLLEGE HEIGHTS BLVD 11043 BOWLING GREEN KY 42101 FOOD, FACILITIES, AND UNIFORM SERVICES 543305 ADVENT LLC 2310 KLINE AVE NASHVILLE TN 37211 ATHLETIC MARKETING/PROMOTION 270167 EVERTRUE INC 330 CONGRESS ST 2ND FLOOR BOSTON MA 02210 DIGITAL ADVANCEMENT PROGRAM SERVICE 204484 WELLS FARGO ADVISORS 400 E MAIN AVE SUITE 101 BOWLING GREEN KY 42101 INVESTMENT MANAGEMENT SERVICES 121314 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING FEES 103997 5 6607202 775385 6607202 1421790 1421790 6822 6822 15610 0 15610 15610 15610 78425928 74545392 3880536 3880536 3880536 REVENUE FROM ALUMNI ASSOCIATION 900099 9671 9671 MERCHANDISE SALES 900099 1559 1559 11230 11943190 11230 0 5324758 2143042 2143042 28649 1636 27013 37235 37235 184426 184426 566540 327243 400 238897 44449 44449 217775 179015 37361 1399 20026 20026 14143 14143 313980 306875 7105 54929 52841 2088 10513 10513 20962 20962 REIMBURSED SALARIES AND 2111450 1618689 449956 42805 MEMBERSHIP & DUES 317330 317330 MISCELLANEOUS 129101 126278 2823 SPEAKER FEES 17980 17980 6232530 5180996 761328 290206 17023563 9324624 2726066 3553067 15387 118668 91703 1573000 36795 1046718 1536205 41494314 73012356 24688270 10869866 22960934 22728737 110073920 121116558 37872 22932 22477398 22269877 917533 939768 23432803 23232577 X 4762532 5590627 81878585 92293354 86641117 97883981 110073920 121116558 X 5710660 5593613 -61409 X X 0 1 X 1 0 X 13505270 14234394 8339855 5604156 6607202 48290877 13505270 14234394 8339855 5604156 6607202 48290877 5051921 43238956 2431953 1831309 1821043 1969540 1421790 9475635 57766512 0.74850 0.73270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 64062334 2667966 9790593 2744301 73776592 54118460 588373 15032567 5677066 64062334 58114794 3044000 -4469166 -2571168 54118460 51727744 1904906 8481277 3999133 58114794 50391113 4830442 4627861 8121672 51727744 0.03000 0.97000 0 0 663000 663000 910000 36795 873205 1536205 OTHER SECURITIES 1632111 C FIDELITY 500 INDEX FUND FXAIX 9237755 C 10869866 ASSETS HELD FOR OTHERS 22269877 DUE FROM ALUMNI ASSOCIATION 458860 22728737 DEFERRED GIFT LIABILITIES 939768 939768 17592887 5593613 56084 5649697 11943190 0 11943190 6350023 117493 117493 6232530 0 6232530 PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT RESOURCES IN THE POSSESSION OF, BUT NOT UNDER THE CONTROL OF, THE FOUNDATION. AT DECEMBER 31, 2020, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU-REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $16,112,837; WKU-SELF-INSURANCE PROGRAM FUNDS $2,715,893; HILLTOPPER ATHLETIC FOUNDATION $2,769,040; KY INSITITUTE FOR INTERNATIONAL STUDIES $86,719; WKU ALUMNI ASSOCIATION $489,828; LIFEWORKS $56,268; GREEN RIVER $39,293; TOTAL ASSETS HELD FOR ANOTHER $22,269,877. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $22,269,877 AS OF DECEMBER 31, 2020. PART V, LINE 4: THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS FOR SUPPORT OF WESTERN KENTUCKY UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ACTUARIAL GAIN FROM DEFERRED GIFT LIABILITIES PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES 1 COLLEGE HEIGHTS FOUNDATION 1906 COLLEGE HEIGHTS BLVD 41016 BOWLING GREEN KY 42101 610459494 501(C)(3) 86819 TO PROVIDE SUPPORT OF SCHOLARSHIPS HILLTOPPER ATHLETIC FOUNDATION INC 1605 AVENUE OF CHAMPIONS BOWLING GREEN KY 42101 610656420 501(C)(3) 153071 TO PROVIDE SUPPORT OF CAMPUS ATHLETIC FACILITIES AND FOR SCHOLARSHIPS WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 501(C)(3) 1594778 TO PROVIDE CULTURAL, ACADEMIC, CONSTRUCTION AND OTHER GENERAL SUPPORT WKU ALUMNI ASSOCIATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611288130 501(C)(3) 8374 TO SUPPORT ALUMNI ACTIVITIES WKU ALUMNI SQUARE DEVELOPMENT LLC 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 501(C)(3) 300000 TO OWN, DEVELOP, AND OPERATE THE ALUMNI GARAGE WRAP, COURTYARD, AND PARKING LOT ACROSS FROM THE ALUMNI GARAGE. PART I, LINE 2: THE ORGANIZATION PAYS GRANTS TO OTHER 501(C)(3) ORGANIZATIONS IN THE UNITED STATES AND MONITORS THE USE BY REVIEWING REQUESTS FOR HOW THE MONEY WILL BE USED AND FOLLOWING UP WITH THESE ORGANIZATIONS. X 1 1 0 0 0 0 0 0 0 0 0 DR TIMOTHY CABONI TRUSTEE 0 453016 0 0 0 0 0 24909 0 26319 0 504244 0 0 DR DONALD SMITH PRESIDENT 0 199000 0 0 0 0 0 31413 0 52398 0 282811 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT PAY ANY COMPENSATION. THE RELATED ORGANIZATION USES A WRITTEN EMPLOYMENT CONTRACT AS WELL AS OBTAINING APPROVAL FROM THE BOARD IN ESTABLISHING THE PRESIDENT'S COMPENSATION. X 4 160 FAIR MARKET VALUE X 33274 FAIR MARKET VALUE X 1 3000 FAIR MARKET VALUE X 18 688353 FAIR MARKET VALUE X 7 4621 FAIR MARKET VALUE X LIVESTOCK 5 28745 FAIR MARKET VALUE X SUPPLIES OR MATERIALS 25 11967 FAIR MARKET VALUE X EQUIPMENT 3 5265 FAIR MARKET VALUE 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD INCLUDES 4 MEMBERS BECAUSE OF THEIR POSITIONS IN OTHER ORGANIZATIONS (PRESIDENTS OF HAF, COLLEGE HEIGHTS FOUNDATION, WKU ALUMNI ASSOCATION AND CHAIR OF THE WKU BOARD OF REGENTS). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AFTER THE BOARD REVIEWS AND APPROVES THE AUDIT. ONCE THE FORM 990 IS PREPARED, THE CFO AND EXECUTIVE DIRECTOR REVIEW IT BEFORE IT IS PROVIDED TO THE BOARD AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD AND STAFF MEMBER IS REQUIRED TO ANNUALLY UPDATE THEIR INFORMATION IN THE CONFLICT OF INTEREST STATEMENT. THE BOARD SECRETARY REVIEWS EACH FORM SUBMITTED AND BRINGS ANY ITEMS LISTED TO THE PRESIDENT'S ATTENTION. THE PRESIDENT THEN REVIEWS EACH ITEM WITH THE BOARD MEMBER AND BRINGS ANY QUESTIONABLE SITUATIONS TO THE BOARD'S ATTENTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S AUDIT RESULTS, FORM 990, BY-LAWS, ARTICLES OF INCORPORATION, AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION ON THEIR WEBSITE. THE CONFLICT OF INTEREST POLICY IS PROVIDED ON AN "AS NEEDED" BASIS. FORM 990, PART XI, LINE 9: NET ACTUARIAL LOSS FROM DEFERRED GIFT LIABILITIES 56,084. PROVISION FOR UNCOLLECTIBLE PLEDGES -117,493. FORM 990, PART XII, LINE 2C A DRAFT OF THE FINANCIAL STATEMENTS IS PRESENTED BY THE INDEPENDENT AUDITORS TO THE FINANCE AND AUDIT COMMITTEE WHO PRESENTS IT TO THE FULL BOARD FOR APPROVAL. A FORMAL REQUEST FOR PROPOSAL PROCESS IS FOLLOWED WHEN SELECTING AN INDEPENDENT ACCOUNTANT. WKU ALUMNI SQUARE DEVELOPMENT 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 OWN, DEVELOP, AND OPERATE PROPERTY ACROSS FROM THE ALUMNI GARAGE KY 298163 1555506 WESTERN KENTUCKY UNIVERSITY FOUNDATION WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 EDUCATION KY 115(1) N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 WKU ALUMNI ASSOCIATION R 458860 NET PRESENT VALUE