2020-10-29T14:07:38-05:00 2019-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 500 W JEFFERSON STREET STE 1400 LOUISVILLE KY 402022855 990 2019-01-01 611251555 WESTERN KENTUCKY UNIVERSITY FOUNDATION WEST 2707456208 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 DONALD SMITH PRESIDENT 2707456208 2020-10-27 1 AMELIA SEBASTIAN P01251828 5025896050 192.243.74.13 2020-10-27 07:45:42 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7C7C7DF1B9D0F3819F86EFB7F0A9D47BB00CAB44 2019 2021-01-29 14:40:06Z WKU FOUNDATION DONALD SMITH 292 ALUMNI AVENUE NO 305 BOWLING GREEN KY 42101 87597177 0 X WWW.WKUFOUNDATION.ORG X 1993 KY PROGRAM SERVICES BENEFITTING WKU FACULTY, STAFF, AND STUDENTS - APPROXIMATELY 22,467 SERVED IN 2019. 22 21 0 21 0 0 8339855 5604156 0 0 225716 8665722 154188 580188 8719759 14850066 2225108 7640632 0 0 0 0 0 0 107615 4279367 4868959 6504475 12509591 2215284 2340475 111615533 110073920 20149463 23432803 91466070 86641117 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 6007452 3407614 501732 PROGRAM SERVICES BENEFITTING THE FACULTY AND STUDENTS OF WESTERN KENTUCKY UNIVERSITY - APPROXIMATELY 22,467 PEOPLE WERE SERVED DURING 2019. 4974051 4057937 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 2019. 484005 175082 FUNDING FOR THE CONSTRUCTION AND EQUIPMENT COSTS ASSOCIATED WITH THE CONSTRUCTION OF SEVERAL BUILDINGS ON WKUS MAIN CAMPUS - APPROXIMATELY 22,467 PEOPLE WERE SERVED DURING 2019. 11465508 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 1 105 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 CYNTHIA WILKERSON 2707456421 292 ALUMNI AVENUE SUITE 305 BOWLING GREEN KY 42101 DR PHILLIP BALE TRUSTEE 2.00 X 0 0 0 DR RANDY CAPPS TRUSTEE 2.00 X 0 71112 12887 MR AL TUCKER TRUSTEE 2.00 X 0 0 0 MR BOB YOUNG 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 57864 4716 MR GARRY WATKINS VICE-CHAIR 2.00 X 0 0 0 MR JIM MARTENS TRUSTEE 2.00 X 0 0 0 MR KIM MENKE 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 PAST 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 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 FREDDIE HIGDON TRUSTEE 2.00 X 0 0 0 MR BARKLEY PAYNE TRUSTEE 2.00 X 0 0 0 MR AL PEDIGO TRUSTEE 2.00 X 0 0 0 MS SHANNON VITALE TRUSTEE 2.00 X 0 0 0 DR DONALD SMITH PRESIDENT (7/1-CURRENT) 2.00 35.50 X 0 158280 45722 MR JOHN PAUL BLAIR INTERIM PRESIDENT 2.00 35.50 X 0 174116 47719 MRS PAULA COCKREL JARBOE CHIEF FINANCIAL OFFICER 37.50 X 0 111398 32536 MS MARCIA BROWN SECRETARY 2.00 35.50 X 0 55008 41467 0 627778 185047 0 0 1 0 DIMEO SCHNEIDER & ASSOCIATES LLC 500 WEST MADISON ST SUITE 1700 CHICAGO IL 60661 INVESTMENT CONSULTANTS 209050 NATIONAL PUBLIC RADIO PO BOX 79540 BALTIMORE MD 21279 RADIO PROGRAMMING FEES 160320 ARAMARK 1906 COLLEGE HEIGHTS BLVD 11043 BOWLING GREEN KY 42101 FOOD, FACILITES, AND UNIFORM SERVICES 111436 3 5604156 189094 5604156 1969540 1969540 9470 9470 68986 0 68986 68986 68986 79443293 72747111 6696182 6696182 6696182 REVENUE FROM ALUMNI ASSOCIATION 900099 483536 483536 MANAGEMENT FEES 900099 9987 9987 MERCHANDISE SALES 900099 4074 4074 4135 4135 501732 14850066 501732 0 8744178 7640632 7640632 51886 40625 11261 30275 30275 243024 243024 391376 176373 200021 14982 55950 55950 327809 286231 40916 662 19147 19147 26233 26203 30 1060422 1040210 3521 16691 75994 75013 981 18167 18167 10513 10513 12660 12660 REIMBURSED SALARIES AND 1864222 1416075 383853 64294 MEMBERSHIP & DUES 392620 392620 MISCELLANEOUS 228312 213887 3439 10986 SPEAKER FEES 60349 60349 12509591 11465508 936468 107615 8557176 17023563 5518998 2726066 11030 15387 103525 118668 1073000 26282 9904906 1046718 53925653 41494314 13714835 24688270 19879410 22960934 111615533 110073920 108214 37872 18479410 22477398 1561839 917533 20149463 23432803 X 9649758 4762532 81816312 81878585 91466070 86641117 111615533 110073920 X 2340475 4141537 -11306965 X X 0 1 X 1 0 X 14849250 13505270 14234394 8339855 5604156 56532925 14849250 13505270 14234394 8339855 5604156 56532925 7564555 48968370 2243154 2431953 1831309 1821043 1969540 10296999 66829924 0.73270 0.73270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 54118460 588373 15032567 5677066 64062334 58114794 3044000 -4469166 -2571168 54118460 51727744 1904906 8481277 3999133 58114794 50391113 4830442 4627861 8121672 51727744 51675633 7756960 -5035350 4006130 50391113 0.02000 0.98000 0 0 663000 663000 410000 26282 383718 1046718 OTHER SECURITIES 1462923 C VANGUARD LARGE CAP INDEX FD CL INSTITUTION VLISX 23225347 C 24688270 ASSETS HELD FOR OTHERS 22477398 DUE FROM ALUMNI ASSOCIATION 483536 22960934 DEFERRED GIFT LIABILITIES 917533 917533 18837131 4141537 -154472 3987065 14850066 0 14850066 12509591 0 12509591 0 12509591 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, 2019, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU-REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $14,757,888; WKU-SELF-INSURANCE PROGRAM FUNDS $3,669,667; HILLTOPPER ATHLETIC FOUNDATION $2,919,735; KY INSITITUTE FOR INTERNATIONAL STUDIES $605,969; WKU ALUMNI ASSOCIATION $437,785; LIFEWORKS $50,289; GREEN RIVER $36,065; TOTAL ASSETS HELD FOR ANOTHER $22,477,398. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $22,477,398 AS OF DECEMBER 31, 2019. 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 1 COLLEGE HEIGHTS FOUNDATION 1906 COLLEGE HEIGHTS BLVD 41016 BOWLING GREEN KY 42101 610459494 501(C)(3) 36900 TO PROVIDE SUPPORT OF SCHOLARSHIPS HILLTOPPER ATHLETIC FOUNDATION INC 1605 AVENUE OF CHAMPIONS BOWLING GREEN KY 42101 610656420 501(C)(3) 89791 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) 2344263 TO PROVIDE CULTURAL, ACADEMIC, CONSTRUCTION AND OTHER GENERAL SUPPORT WKU ALUMNI ASSOCIATION 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611288130 501(C)(3) 10404 TO SUPPORT ALUMNI ACTIVITIES ON CAMPUS WKU REAL ESTATE CORP 292 ALUMNI AVENUE BOWLING GREEN KY 42101 611336292 501(C)(3) 101337 TO PURCHASE PROPERTY FOR ACCESS TO WKU SOUTH CAMPUS LIFEWORKS WKU 104 ALUMNI AVENUE BOWLING GREEN KY 42101 842235321 501(C)(3) 5057937 TO PROVIDE RESEARCH, SERVICE, AND LIFELONG LEARNING OPPORTUNITIES FOR STUDENTS, FACULTY, AND OTHER CONSTITUENTS AS WELL AS ENRICHING THE QUALITY OF LIFE FOR THOSE WITHIN ITS REACH. 8 0 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 PRESIDENT (7/1-CURRENT) 0 158280 0 0 0 0 0 25111 0 20611 0 204002 0 0 MR JOHN PAUL BLAIR INTERIM PRESIDENT 0 174116 0 0 0 0 0 27535 0 20184 0 221835 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 5 7365 FAIR MARKET VALUE X 62842 FAIR MARKET VALUE X 10 101507 FAIR MARKET VALUE X 3 666 FAIR MARKET VALUE X SUPPLIES OR MATERIALS 36 11192 FAIR MARKET VALUE X EQUIPMENT 2 5523 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 -154,472. TRANSFERS TO ASSETS HELD FOR OTHERS -1,652,884. TRANSFERS TO WKU ALUMNI ASSOCIATION -9,499,609. 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. FORM 990, PART XI, LINE 9 EFFECTIVE DECEMBER 31, 2019, THE FOUNDATION TRANSFERRED AUGENSTEIN ALUMNI CENTER (AAC) AND CORRESPONDING RELATED ASSETS, LIABILITIES, REVENUE, GAINS, EXPENSES, AND LOSSES TO THE WKU ALUMNI ASSOCIATION. THE AAC, RELATED OUTSTANDING PLEDGES RECEIVABLE AND ASSETS HELD FOR OTHERS FUNDS WERE TRANSFERRED AS PART OF THIS TRANSACTION. AT THE TIME OF THE TRANSFER, THE FOUNDATION USED PROCEEDS FROM THE SALE OF OTHER REAL ESTATE PROPERTY TO PAY OFF THE REMAINING LEASE LIABILITY RELATED TO THE AAC ON BEHALF OF WKU. AS A RESULT, THE FOUNDATION RECORDED A RECEIVABLE DUE FROM THE ALUMNI ASSOCIATION FOR THE REMAINDER OF FUNDS OWED TO THE FOUNDATION FOR THIS LEASE LIABILITY THAT WAS PAID ON THEIR BEHALF. WKU ALUMNI SQUARE DEVELOPMENT 292 ALUMNI AVENUE BOWLING GREEN KY 42101 472567845 OWN, DEVELOP, AND OPERATE PROPERTY ACROSS FROM THE ALUMNI GARAGE KY -13294 1264379 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 483536 NET PRESENT VALUE