2021-05-17T08:35:00-05:00 2020-06-30 271235638 MCM CPAS & ADVISORS LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2019-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 BARRY POYNTER TREASURER 8596225012 2021-05-17 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2021-05-10 2019 2022-09-23 18:48:47Z MS MARIBETH BERMAN 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 34145425 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 20 0 0 2485672 2495270 69800 72000 2554176 1971128 45575 94987 5155223 4633385 3369234 2938010 0 0 0 0 129621 98547 98547 580815 663429 4079670 3699986 1075553 933399 82578735 84085981 21220199 20849765 61358536 63236216 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 1796688 1471915 166987 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. 1466096 1466096 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. 3262784 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 18 1 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 MICHAEL T BENSON TERM END 162020 EKU PRESIDENT 1.00 39.00 X 0 513458 58994 BARRY POYNTER VP EKU/TREASURER 3.00 37.00 X 0 200233 23081 DAVID T MCFADDIN INTERIM EKU PRESIDENT 1.00 39.00 X 0 182832 31195 BETINA GARDNER VICE PRESIDENT, UNIV. DEV. & ALUMNI ENGAGEMENT 20.00 20.00 X 0 151555 30753 DAN MCBRIDE LEFT 6302019 FORMER ASSOCIATE VP, DEV. & ALUMNI ENGAGEMENT 0.00 40.00 X 0 133986 28486 MARIBETH BERMAN CHAIR 1.00 X X 0 0 0 DON BORNHORST TERM ENDED 4232020 VICE CHAIR 1.00 X X 0 0 0 MARY OUSLEY SECRETARY 1.00 X X 0 0 0 AMY JO GABEL TRUSTEE 1.00 X 0 0 0 ANDREW PAGE TRUSTEE 1.00 X 0 0 0 APRIL PERRY TRUSTEE 1.00 X 0 0 0 LEWIS DIAZ TRUSTEE 1.00 X 0 0 0 DONALD WHITAKER TRUSTEE 1.00 X 0 0 0 JIM GUICE TRUSTEE 1.00 X 0 0 0 JOHN WADE TRUSTEE 1.00 X 0 0 0 MATT EVANS TRUSTEE 1.00 X 0 0 0 MELISSA COMBS-WRIGHT TRUSTEE 1.00 X 0 0 0 JERI ISBELL TRUSTEE 1.00 X 0 0 0 PAUL W CHELLGREN TRUSTEE 1.00 X 0 0 0 RICHARD MATTINGLY TRUSTEE 1.00 X 0 0 0 SUZANNE P FAWBUSH TRUSTEE 1.00 X 0 0 0 TROY ELLIS TRUSTEE 1.00 X 0 0 0 BILL REDDICK TRUSTEE 1.00 X 0 0 0 ROBERT CLICK TRUSTEE 1.00 X 0 0 0 DEBORAH ALEXANDER TRUSTEE 1.00 X 0 0 0 0 1182064 172509 0 1 1 0 ALEXANDER HAAS INC 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING SERVICES 131177 2 2495270 195331 2495270 ALUMNI EVENTS 900099 72000 72000 72000 1873608 1873608 29609560 29512040 97520 97520 97520 MISCELLANEOUS 900099 94987 94987 94987 4633385 166987 0 1971128 2938010 2938010 40010 40010 98547 98547 157591 157591 113938 29247 84691 30208 30208 154114 116538 37576 2165 2165 14124 14124 18787 18787 PROFESSIONAL EVENTS 87304 87304 CAPITAL EXPENDITURES 40708 40708 MISCELLANEOUS 2241 2241 EDUCATIONAL SUPPLIES 1166 1166 1073 1073 3699986 3262784 338655 98547 3328544 14528889 1507732 1361838 49896 46747 850000 160975 703149 689025 67470465 66350598 9346449 931907 172500 176977 82578735 84085981 24109 21000 20484587 20285936 711503 542829 21220199 20849765 X 5801373 6799762 55557163 56436454 61358536 63236216 82578735 84085981 933399 944281 0 X X 0 1 X 1 0 X 6163197 4862234 3101990 2485672 2495270 19108363 6163197 4862234 3101990 2485672 2495270 19108363 350514 18757849 1742552 1506677 1785056 1824317 1873608 8732210 5300 17800 41766 45375 94987 205228 28045801 2847566 0.66880 0.69150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 73049025 1289960 2367426 2286337 74420074 73574330 1639907 835621 3000833 73049025 69599732 1358365 5015187 2398954 73574330 60951950 2315541 7777901 1445660 69599732 62859044 2146270 -734577 3318787 60951950 0.09860 0.59810 0.30330 0 0 250000 250000 600000 160975 439025 689025 DUE TO UNIVERSITY 215038 DEFERRED GIFT LIABILITY 327791 542829 X 5420075 944281 944281 4475794 157591 157591 4633385 3542395 0 3542395 157591 157591 3699986 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, 2020 AND 2019, 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 THAT THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE (CODE). THE FOUNDATION IS HOWEVER SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. ADDITIONALLY, 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, 2020 AND 2019. 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, 2020 AND 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 157,591. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 157,591. X X X X X 1 ALEXANDER HAAS INC 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING 0 2495270 98547 2396723 2495270 98547 2396723 1 EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 115(1) 2846207 91803 FMV EDUCATIONAL SOFTWARE/SUPPLIES TO PROVIDE UNIVERSITY SUPPORT 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 0 0 0 0 0 0 0 0 MICHAEL T BENSON TERM END 162020 EKU PRESIDENT 0 400000 0 0 0 113458 0 36638 0 22356 0 572452 0 0 BARRY POYNTER VP EKU/TREASURER 0 196757 0 0 0 3476 0 17002 0 6079 0 223314 0 0 DAVID T MCFADDIN INTERIM EKU PRESIDENT 0 179139 0 0 0 3693 0 15951 0 15244 0 214027 0 0 BETINA GARDNER VICE PRESIDENT, UNIV. DEV. & ALUMNI 0 150635 0 0 0 920 0 24090 0 6663 0 182308 0 0 DAN MCBRIDE LEFT 6302019 FORMER ASSOCIATE VP, DEV. & ALUMNI E 0 133986 0 0 0 0 0 21418 0 7068 0 162472 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. DAN MCBRIDE WAS THE TOP MANAGEMENT OFFICIAL OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION. HIS POSITION AS AN EMPLOYEE OF THE EASTERN KENTUCKY UNIVERSITY IS ASSOCIATE VICE PRESIDENT OF DEVELOPMENT AND ALUMNI ENGAGEMENT. HIS COMPENSATION AS SUCH IS DETERMINED VIA COMPENSATION SURVEY. X 6 103528 X EDUCATIONAL SOFTWARE/SUPPLIES 9 91803 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MARIBETH BERMAN AND DAN MCBRIDE (FAMILY RELATIONSHIP). 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