2022-08-29T13:22:56-05:00 2021-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 435 N WHITTINGTON PKWY STE 400 LOUISVILLE KY 40222 990 2021-01-01 611251555 WESTERN KENTUCKY UNIVERSITY FOUNDATION WEST 2707453105 292 ALUMNI AVENUE 305 BOWLING GREEN KY 42101 DONALD SMITH PRESIDENT 2707453105 2022-08-23 1 DONALD SMITH 999009999 AMELIA SEBASTIAN P01251828 5025896050 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WKU FOUNDATION DONALD SMITH 292 ALUMNI AVENUE 305 BOWLING GREEN KY 42101 44735003 0 X WWW.WKUFOUNDATION.ORG X 1993 KY PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 20,141 SERVED IN 2021. 14 13 0 14 0 0 6607202 6960323 0 0 5302326 5413681 33662 57845 11943190 12431849 2143042 2269412 0 0 0 0 0 0 63325 4089488 4862359 6232530 7131771 5710660 5300078 121116558 138269164 23232577 25523651 97883981 112745513 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 4413693 1414559 57044 PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 20,141 PEOPLE WERE SERVED DURING 2021. 786720 619348 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 2021. 601150 235505 FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 20,141 PEOPLE WERE SERVED DURING 2021. 5801563 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 74 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 X 14 13 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 10000 815 MR AL PEDIGO TRUSTEE 2.00 X 0 0 0 MR BOB YOUNG VICE-CHAIR 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 PAUL CALICO 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 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 18.75 18.75 X 0 198000 52694 DR TIMOTHY CABONI WKU PRESIDENT 2.00 35.50 X 0 488672 52560 MRS CYNTHIA WILKERSON CHIEF FINANCIAL OFFICER 37.50 X 0 142500 42348 MS SUE MILLER SECRETARY 2.00 35.50 X 0 10866 886 0 850038 149303 0 0 1 0 PHELPS GENERAL CONSTRUCTION 257 JOLERTOWN RD JETSON KY 42252 CONSTRUCTION CONTRACTOR 187500 ADVENT LLC 2310 KLINE AVE NASHVILLE TN 37211 ATHLETIC MARKETING/PROMOTION 146058 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING FEES 137231 JOHN THOMAS DESIGN LLC 1677 SUNSET PARK DR NOLENSVILLE TN 37135 ARCHITECTURE/GRAPHIC DESIGN 119582 4 87700 6872623 377607 6960323 1629703 1629703 615 615 186 0 186 186 186 36087132 32303154 3783978 3783978 3783978 REVENUE FROM ALUMNI ASSOCIATION 611710 50477 50477 MERCHANDISE SALES 611710 6567 6567 57044 12431849 57044 0 5414482 2269412 2269412 312 312 24034 24034 604960 604960 396740 377161 4056 15523 76979 76979 232452 194293 37552 607 32004 32004 9228 9228 453045 442653 436 9956 106603 106174 429 24597 24597 22751 22751 REIMBURSED SALARIES AND 2337734 1741080 559497 37157 MEMBERSHIP & DUES 382925 382925 MISCELLANEOUS 104934 101249 3603 82 SPEAKER FEES 53061 53061 7131771 5801563 1266883 63325 9324624 12544855 3553067 3554755 91703 94045 1573000 61392 1536205 1511608 73012356 79756587 10869866 16659007 22728737 24148307 121116558 138269164 22932 411093 22269877 24148307 939768 964251 23232577 25523651 X 5590627 7267451 92293354 105478062 97883981 112745513 121116558 138269164 X 5300078 9882755 -321301 X X 0 1 X 1 0 X 14234394 8339855 5604156 6607202 6960323 41745930 14234394 8339855 5604156 6607202 6960323 41745930 3929660 37816270 1831309 1821043 1969540 1421790 1630504 8674186 50420116 0.75000 0.74850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 73776592 1147859 14160476 650260 88434667 64062334 2667966 9790593 2744301 73776592 54118460 588373 15032567 5677066 64062334 58114794 3044000 -4469166 -2571168 54118460 51727744 1904906 8481277 3999133 58114794 0.04000 0.96000 0 0 663000 663000 910000 61392 848608 1511608 OTHER SECURITIES 1560070 C FIDELITY 500 INDEX FUND FXAIX 8141128 C DODGE AND COX STOCK DODGX 6957809 C 16659007 ASSETS HELD FOR OTHERS 24148307 24148307 DEFERRED GIFT LIABILITIES 964251 964251 22108078 9882755 -118826 9763929 12344149 87700 87700 12431849 7334246 202475 202475 7131771 0 7131771 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, 2021, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU-REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $18,147,685; TINCHER FAMILY FUND - HILLTOPPER ATHLETIC FOUNDATION $100,046; HILLTOPPER ATHLETIC FOUNDATION $3,188,806; WKU ALUMNI ASSOCIATION $624,636; LIFEWORKS $2,041,885; GREEN RIVER $45,249; TOTAL ASSETS HELD FOR ANOTHER $24,148,307. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $24,148,307 AS OF DECEMBER 31, 2021. 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 XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON FORGIVENESS OF PPP LOAN 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) 0 52334 TO PROVIDE SUPPORT OF SCHOLARSHIPS HILLTOPPER ATHLETIC FOUNDATION INC 1605 AVENUE OF CHAMPIONS BOWLING GREEN KY 42101 610656420 501(C)(3) 0 134836 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) 0 2026063 TO PROVIDE CULTURAL, ACADEMIC, CONSTRUCTION AND OTHER GENERAL SUPPORT WKU ALUMNI ASSOCIATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611288130 501(C)(3) 0 5993 TO SUPPORT ALUMNI ACTIVITIES WKU ALUMNI SQUARE DEVELOPMENT LLC 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 501(C)(3) 0 25186 TO OWN, DEVELOP, AND OPERATE THE ALUMNI GARAGE WRAP, COURTYARD, AND PARKING LOT ACROSS FROM THE ALUMNI GARAGE. LIFEWORKS AT WESTERN KENTUCKY UNIVERSITY 104 ALUMNI AVENUE BOWLING GREEN KY 42101 842235321 501(C)(3) 0 25000 TO PROVIDE RESEARCH, SERVICE, AND LIFELONG LEARNING OPPORTUNITIES FOR STUDENTS, FACULTY 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 WKU PRESIDENT 0 488672 0 0 0 0 0 25346 0 27214 0 541232 0 0 DR DONALD SMITH PRESIDENT 0 198000 0 0 0 0 0 31413 0 21281 0 250694 0 0 MRS CYNTHIA WILKERSON CHIEF FINANCIAL OFFICER 0 142500 0 0 0 0 0 22607 0 19741 0 184848 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 7 204208 FAIR MARKET VALUE X EQUIPMENT 3 121399 FAIR MARKET VALUE X LIVESTOCK 4 52000 FAIR MARKET VALUE 5 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A 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 -118,826. PROVISION FOR UNCOLLECTIBLE PLEDGES -202,475. 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 -15404 1539832 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 0 NET PRESENT VALUE