2019-07-23T08:54:17-05:00 2018-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 500 W JEFFERSON ST STE 1400 LOUISVILLE KY 40202 990 2018-01-01 611251555 WESTERN KENTUCKY UNIVERSITY FOUNDATION WEST 2707456208 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 JOHN PAUL BLAIR INTERIM PRESIDENT 2707456208 2019-07-17 1 AMELIA SEBASTIAN P01251828 5025896050 192.243.74.12 2019-07-17 08:52:33 ED P E0B9F135CE38FEF839676ECB2F3D663CA6DFF145 2A9026A8BA40659C56F9BDB47D4824AFC5E5169C 2018 2019-02-21 02:37:17Z WKU FOUNDATION JOHN PAUL BLAIR 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 46761846 0 X WWW.WKUFOUNDATION.ORG X 1993 KY PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 23,517 SERVED IN 2018. 22 21 0 21 0 0 14234384 8339855 0 0 2475065 225716 173408 154188 16882857 8719759 4178265 2225108 0 0 0 0 0 0 123830 4553085 4279367 8731350 6504475 8151507 2215284 116617297 111615533 22581191 20149463 94036106 91466070 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 3971830 2222084 73857 PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 23,517 PEOPLE WERE SERVED DURING 2018. 692762 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 800,000 PEOPLE WERE SERVED DURING 2018. 938620 3024 FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 23,517 PEOPLE WERE SERVED DURING 2018. 5603212 1 0 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 1 118 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 X 22 21 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 PAULA JARBOE 2707456421 292 ALUMNI AVENUE SUITE 305 BOWLING GREEN KY 42101 DR ANDY BURT TRUSTEE 2.00 X 0 0 0 DR DONALD SMITH TRUSTEE 2.00 35.50 X 0 140292 45162 DR PHILLIP BALE TRUSTEE 2.00 X 0 0 0 DR RANDY CAPPS TRUSTEE 2.00 X 0 76638 15875 MR AL TUCKER TRUSTEE 2.00 X 0 0 0 MR BOB YOUNG TRUSTEE 2.00 X 0 0 0 MR CRAIG BROWNING TRUSTEE 2.00 X 0 0 0 MR DALE AUGENSTEIN TRUSTEE 2.00 X 0 0 0 MR DAVID TATMAN TRUSTEE 2.00 35.50 X 0 55632 4562 MR GARRY WATKINS TRUSTEE 2.00 X 0 0 0 MR JIM MARTENS TRUSTEE 2.00 X 0 0 0 MR KIM MENKE VICE-CHAIR 2.00 X 0 0 0 MR MARK ANTONINI TRUSTEE 2.00 X 0 0 0 MR PAUL CALICO TRUSTEE 2.00 X 0 0 0 MR RANDY SCHUMAKER CHAIR 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 MR TOM PENNINGTON TRUSTEE 2.00 X 0 0 0 MR TONY PELASKI 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 MR JOHN PAUL BLAIR INTERIM PRESIDENT 2.00 35.50 X 0 204694 57360 MRS PAULA COCKREL JARBOE CHIEF FINANCIAL OFFICER 37.50 X 0 105650 32786 MS MARCIA BROWN SECRETARY 2.00 35.50 X 0 53280 38658 0 636186 194403 0 0 1 0 DIMEO SCHNEIDER & ASSOCIATES LLC 500 WEST MADISON ST SUITE 1700 CHICAGO IL 60661 INVESTMENT CONSULTANTS 187990 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING FEES 167961 ARAMARK 1906 COLLEGE HEIGHTS BLVD 11043 BOWLING GREEN KY 42101 FOOD, FACILITES, AND UNIFORM SERVICES 143784 3 8339855 235587 8339855 1821043 1821043 10220 10220 70111 0 70111 70111 70111 36446760 38042087 -1595327 -1595327 -1595327 MANAGEMENT FEES 900099 46363 46363 MERCHANDISE SALES 900099 9321 9321 REFUNDS FROM VARIOUS SOURCES 900099 7706 7706 10467 10467 73857 8719759 73857 0 306047 2225108 2225108 15638 15000 638 25829 25829 126836 126836 364019 168459 186410 9150 59798 59798 362951 316723 40838 5390 31649 31649 16477 16452 25 826063 793000 3604 29459 84480 83680 800 9148 9148 261635 261635 18386 18386 REIMBURSED SALARIES AND 1566033 1139248 356214 70571 MEMBERSHIP & DUES 362160 362160 MISCELLANEOUS 93543 79693 4590 9260 SPEAKER FEES 54722 54722 6504475 5603212 777433 123830 5100822 8557176 6804705 5518998 114798 11030 109165 103525 11162056 1257150 10166542 9904906 58996311 53925653 14660623 13714835 20664331 19879410 116617297 111615533 253613 108214 20664331 18479410 1663247 1561839 22581191 20149463 X 15349166 9649758 26704165 27113217 51982775 54703095 94036106 91466070 116617297 111615533 X 2215284 -4694883 -90437 X X 0 1 X 1 0 X 7910091 14849250 13505270 14234394 8339855 58838860 7910091 14849250 13505270 14234394 8339855 58838860 7955223 50883637 2280238 2243154 2431953 1831309 1821043 10607697 69446557 0.73270 0.72950 X 0 1 X 58114794 3044000 -4469166 -2571168 54118460 51727744 1904906 8481277 3999133 58114794 50391113 4830442 4627861 8121672 51727744 51675633 7756960 -5035350 4006130 50391113 50965375 2439765 1222382 2951889 51675633 0.04000 0.96000 0 0 1148500 1148500 10013556 1257150 8756406 9904906 VANGUARD INSTL INDEX FD SH BEN INT FD #94 12251351 C OTHER SECURITIES 1463484 C 13714835 ASSETS HELD FOR OTHERS 18479410 ASSETS HELD FOR SALE 1400000 19879410 CAPITAL LEASE OBLIGATION 554459 DEFERRED GIFT LIABILITIES 878074 DUE TO WESTERN KENTUCKY UNIVERSITY 129306 1561839 4024243 -4694883 -633 -4695516 8719759 0 8719759 6594279 89804 89804 6504475 0 6504475 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, 2018, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU-REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $12,914,214; WKU-SELF-INSURANCE PROGRAM FUNDS $3,419,831; HILLTOPPER ATHLETIC FOUNDATION $2,114,556; GREEN RIVER $30,809; TOTAL ASSETS HELD FOR ANOTHER $18,479,410. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $18,479,410 AS OF DECEMBER 31, 2018. 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 LOSS 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) 4370 TO PROVIDE SUPPORT OF SCHOLARSHIPS HILLTOPPER ATHLETIC FOUNDATION INC 1605 AVENUE OF CHAMPIONS BOWLING GREEN KY 42101 610656420 501(C)(3) 33551 TO PROVIDE SUPPORT OF CAMPUS ATHLETIC FACILITIES AND FOR THE MIAMI BEACH BOWL WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 501(C)(3) 2155484 TO PROVIDE CULTURAL, ACADEMIC, CONSTRUCTION AND OTHER GENERAL SUPPORT WKU RESEARCH FOUNDATION 1906 COLLEGE HEIGHTS BLVD 11026 BOWLING GREEN KY 42101 611358086 501(C)(3) 5000 TO PROVIDE SUPPORT OF RESEARCH ACTIVITIES WKU ALUMNI ASSOCIATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611288130 501(C)(3) 23679 TO SUPPORT ALUMNI ACTIVITIES ON CAMPUS WKU ALUMNI SQUARE DEVELOPMENT LLC 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 501(C)(3) 0 TO OWN, DEVELOP, AND OPERATE THE ALUMNI GARAGE WRAP, COURTYARD, AND PARKING LOT ACROSS FROM THE ALUMNI GARAGE. WKU REAL ESTATE CORP 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611336292 501(C)(3) 3024 TO PURCHASE PROPERTY FOR ACCESS TO WKU SOUTH CAMPUS 5 1 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 DONALD SMITH TRUSTEE 0 140292 0 0 0 0 0 22210 0 22952 0 185454 0 0 MR JOHN PAUL BLAIR INTERIM PRESIDENT 0 204694 0 0 0 0 0 32394 0 24966 0 262054 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 9 4495 FAIR MARKET VALUE X 41976 FAIR MARKET VALUE X 10 158511 FAIR MARKET VALUE X 17 4632 FAIR MARKET VALUE X EQUIPMENT 9 11777 FAIR MARKET VALUE X SUPPLIES OR MATERIALS 22 11466 FAIR MARKET VALUE X LIVESTOCK 2 3000 FAIR MARKET VALUE 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 -633. PROVISION FOR UNCOLLECTIBLE PLEDGES -89,804. 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 48605 1275005 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 0 0