2018-08-15T08:21:24-05:00 2017-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 500 W JEFFERSON ST STE 1400 LOUISVILLE KY 40202 990 2017-01-01 611251555 WESTERN KENTUCKY UNIVERSITY FOUNDATION WEST 2707456208 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 JOHN PAUL BLAIR INTERIM PRESIDENT 2707456208 2018-08-14 1 AMELIA SEBASTIAN P01251828 5025896050 2017 2022-09-23 18:48:47Z WKU FOUNDATION JOHN PAUL BLAIR 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 25290610 0 X WWW.WKUFOUNDATION.ORG X 1993 KY PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 23,493 SERVED IN 2017. 23 23 0 29 0 0 13505270 14234384 0 0 -3167558 2475065 229496 173408 10567208 16882857 14003957 4178265 0 0 0 0 0 0 114777 4549447 4553085 18553404 8731350 -7986196 8151507 103463373 116617297 23124891 22581191 80338482 94036106 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 6230985 3696610 104099 PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 23,493 PEOPLE WERE SERVED DURING 2017. 606166 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 2017. 999902 481655 FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 23,493 PEOPLE WERE SERVED DURING 2017. 7837053 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 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 1 144 0 1 0 0 0 0 0 1 1 0 0 0 0 0 X 23 23 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 X X PAULA JARBOE 2707456421 292 ALUMNI AVENUE SUITE 305 BOWLING GREEN KY 42101 MR MARK ANTONINI TRUSTEE 2.00 X 0 0 0 MR DALE AUGENSTEIN TRUSTEE 2.00 X 0 0 0 MR BRYAN BAYSINGER TRUSTEE 2.00 X 0 0 0 MR CRAIG BROWNING TRUSTEE 2.00 X 0 0 0 MR PAUL CALICO TRUSTEE 2.00 X 0 0 0 DR RANDY CAPPS TRUSTEE 2.00 X 0 0 0 MS JENNIFER GREULICH TRUSTEE 2.00 X 0 0 0 MR THOMAS HART TRUSTEE 2.00 X 0 0 0 MR FREDDIE HIGDON TRUSTEE 2.00 X 0 0 0 MS JULIE HINSON 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 TONY PELASKI TRUSTEE 2.00 X 0 0 0 MR TOM PENNINGTON TRUSTEE 2.00 X 0 0 0 MR ROBERT P RAMSEY TRUSTEE 2.00 X 0 0 0 MR DAN L RENSHAW 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 DR DONALD SMITH TRUSTEE 2.00 35.50 X 0 135606 39701 MR DAVID TATMAN TRUSTEE 2.00 35.50 X 0 59901 4942 MR GARRY WATKINS TRUSTEE 2.00 X 0 0 0 MR BOB YOUNG TRUSTEE 2.00 X 0 0 0 DR PHILLIP BALE TRUSTEE 2.00 X 0 0 0 DR ANDY BURT TRUSTEE 2.00 X 0 0 0 MS DEANNA MILLS TRUSTEE 2.00 X 0 0 0 DR GARY RANSDELL TRUSTEE 2.00 35.50 X 0 592349 59414 DR TIMOTHY CABONI TRUSTEE 2.00 X 0 200364 42822 MARCIA BROWN SECRETARY 2.00 35.50 X 0 53064 37716 PAULA COCKREL JARBOE CHIEF FINANCIAL OFFICER 37.50 X 0 102666 31526 MARC ARCHAMBAULT PRESIDENT (THRU NOVEMBER) 10.00 27.50 X 0 170910 41430 JOHN PAUL BLAIR INTERIM PRESIDENT 2.00 35.50 X 0 162673 44509 0 1477533 302060 0 0 1 0 ARAMARK 1906 COLLEGE HEIGHTS BLVD 11043 BOWLING GREEN KY 42101 FOOD, FACILITES, AND UNIFORM SERVICES 626431 A & K CONSTRUCTION INC 100 CALLOWAY COURT PADUCAH KY 42001 CONSTRUCTION OF ADDITION TO GATTON ACADE 366842 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING FEES 183242 DIMEO SCHNEIDER & ASSOCIATES LLC 500 WEST MADISON ST SUITE 1700 CHICAGO IL 60661 INVESTMENT CONSULTANTS 179834 4 14234384 572668 14234384 1831309 1831309 11280 11280 58029 0 58029 58029 58029 9051509 8407753 643756 643756 643756 TIFF REVENUE ECOMONIC AUTHORITY 900099 56930 56930 MANAGEMENT FEES 900099 26693 26693 RECAPTURED VOIDED CHECKS 900099 16546 16546 3930 3930 104099 16882857 104099 0 2544374 4178265 4178265 20250 15000 5250 28124 28124 61723 61723 347665 167549 170943 9173 70156 70156 379196 328925 43793 6478 33758 33758 42084 41911 173 902080 863822 9370 28888 120362 113423 6939 32646 32646 251379 251379 13237 13237 REIMBURSED SALARIES AND 1742630 1263071 416276 63283 MEMBERSHIP & DUES 357843 357843 MISCELLANEOUS 96403 86352 3096 6955 SPEAKER FEES 53549 53474 75 8731350 7837053 779520 114777 3971152 5100822 4521306 6804705 3300 114798 90391 109165 11162056 995514 9816675 10166542 48902462 58996311 17561035 14660623 18597052 20664331 103463373 116617297 1480198 253613 18597052 20664331 1076896 1970745 1663247 23124891 22581191 X 9884637 15349166 19690618 26704165 50763227 51982775 80338482 94036106 103463373 116617297 X 8151507 6006357 -460240 X X 0 1 X 1 0 X 11500279 7910091 14849250 13505270 14234394 61999284 11500279 7910091 14849250 13505270 14234394 61999284 8801090 53198194 2135163 2280238 2243154 2431953 1831309 10921817 72921101 0.72950 0.72710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 51727744 1904906 8481277 3999133 58114794 50391113 4830442 4627861 8121672 51727744 51675633 7756960 -5035350 4006130 50391113 50965375 2439765 1222382 2951889 51675633 45306492 2489315 6719945 3550377 50965375 0.11000 0.89000 0.00000 0 0 1148500 1148500 10013556 995514 9018042 10166542 VANGUARD INSTL INDEX FD SH BEN INT FD #94 12818458 C OTHER SECURITIES 1842165 C 14660623 ASSETS HELD FOR OTHERS 20664331 20664331 CAPITAL LEASE OBLIGATION 556417 DEFERRED GIFT LIABILITIES 977524 DUE TO WESTERN KENTUCKY UNIVERSITY 129306 1663247 22825535 6006357 -63679 5942678 16882857 0 16882857 9127911 396561 396561 8731350 0 8731350 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, 2017, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU-REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $13,883,904; WKU-SELF-INSURANCE PROGRAM FUNDS $3,584,792; HILLTOPPER ATHLETIC FOUNDATION $1,553,041; GREEN RIVER $32,594; WKU $1,610,000; TOTAL ASSETS HELD FOR ANOTHER $20,664,331. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $20,664,331 AS OF DECEMBER 31, 2017. 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) 1061107 TO PROVIDE SUPPORT OF SCHOLARSHIPS HILLTOPPER ATHLETIC FOUNDATION INC 1605 AVENUE OF CHAMPIONS BOWLING GREEN KY 42101 610656420 501(C)(3) 48699 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) 2550446 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) 809 TO PROVIDE SUPPORT OF RESEARCH ACTIVITIES WKU ALUMNI ASSOCIATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611288130 501(C)(3) 35549 TO SUPPORT ALUMNI ACTIVITIES ON CAMPUS WKU ALUMNI SQUARE DEVELOPMENT LLC 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 501(C)(3) 410000 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) 71655 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 135606 0 0 0 0 0 21400 0 18301 0 175307 0 0 DR GARY RANSDELL TRUSTEE 0 592349 0 0 0 0 0 32599 0 26815 0 651763 0 0 DR TIMOTHY CABONI TRUSTEE 0 200364 0 0 0 0 0 27681 0 15141 0 243186 0 0 MARC ARCHAMBAULT PRESIDENT (THRU NOVEMBER) 0 170910 0 0 0 0 0 23090 0 18340 0 212340 0 0 JOHN PAUL BLAIR INTERIM PRESIDENT 0 162673 0 0 0 0 0 25694 0 18815 0 207182 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 15 18303 FAIR MARKET VALUE X 37641 FAIR MARKET VALUE X 6 492019 FAIR MARKET VALUE X 6 2720 FAIR MARKET VALUE X EQUIPMENT 11 10976 FAIR MARKET VALUE X SUPPLIES OR MATERIALS 17 9809 FAIR MARKET VALUE X LIVESTOCK 1 1200 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 -63,679. PROVISION FOR UNCOLLECTIBLE PLEDGES -396,561. 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 456039 1235419 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