2020-11-11T08:46:27-06:00 2020-06-30 BKD LLP 360 E 8TH AVE STE 201 PO BOX 1196 BOWLING GREEN KY 421021196 990 2019-07-01 611350986 WKU STUDENT LIFE FOUNDATION INC % MIKE REAGLE WKUS 2707457006 1906 COLLEGE HEIGHTS BLVD 8051 BOWLING GREEN KY 42101 MIKE REAGLE EXECUTIVE DIRECTOR 2707457006 2020-11-15 true JESSICA FREEMAN P01261457 2707810111 167.68.126.162 61016420203165000000 2020-11-11 P 362B78507A8F5764EFAA971CF613480F4ADDD268 960E2682245B9F8FA4870C9892C8D144138B2C2B 2019 2021-01-29 14:40:06Z MIKE REAGLE 1906 COLLEGE HEIGHTS BLVD 8051 BG KY 42101 29289785 false X N/A X 1999 KY PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS. 8 8 0 8 0 0 0 3903711 23644487 24500428 410359 676451 440670 209195 24495516 29289785 0 0 0 0 68085 6009425 0 0 0 24110756 20114956 24178841 26124381 316675 3165404 137596180 181657894 97145016 138138103 40451164 43519791 PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS false false 25156954 24500428 THE WKU STUDENT LIFE FOUNDATION, INC. WAS CREATED TO FACILITATE THE PURCHASE, RECAPITALIZATION AND RENOVATION OF THE STUDENT RESIDENTIAL FACILITIES AT WESTERN KENTUCKY UNIVERSITY. THE FOUNDATION OWNS AND OPERATES 16 RESIDENCE HALLS AND APPROXIMATELY 5,344 BEDS ON THE MAIN CAMPUS OF THE UNIVERSITY. THE FOUNDATION ALSO CONSTRUCTED AND OWNS TWO FACILITIES ADJACENT TO THE WKU CAMPUS THAT PROVIDE 290 BEDS OFF THE MAIN CAMPUS. 25156954 true true false false false false false false false false true false false false true false true false false false false false false false false false false false false true true false false true false false false false false false false false false false false false true false false false true 23 0 true 0 false false false false false false false false false false false false X 8 8 false false false false false false false true true false false false true true true false true false false false KY X MIKE REAGLE 2707457006 1906 COLLEGE HEIGHTS BLVD 8051 BOWLING GREEN KY 42101 BRIAN KUSTER EXECUTIVE DIRECTOR 15.0 25.0 X 65395 104461 14512 BRAD HOWARD CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 MIKE SIMPSON VICE CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 KRISTEN BALE BOARD MEMBER 1.0 0.0 X 0 0 0 SANDY BOUSSARD BOARD MEMBER 1.0 0.0 X 0 0 0 CHUCK COATES BOARD MEMBER 1.0 0.0 X 0 0 0 HAMP MOORE BOARD MEMBER 1.0 0.0 X 0 0 0 ABRAHAM WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 65395 104461 14512 0 false true false S E ENGINEERING 1733 CAMPUS PLAZA CT 10 BOWLING GREEN KY 42101 CONSTRUCTION MGMT 993624 SCOTT RITTER PO BOX 749 BOWLING GREEN KY 42101 CONSTRUCTION MGMT 1499748 BUILDERS BY DESIGN 1733 CAMPUS PLAZA COURT BOWLING GREEN KY 42101 CONSTRUCTION MGMT 7009385 DH GRIFFIN WRECKING COMPANY INC 104 SHANNON COURT BIRMINGHAM AL 35111 CONSTRUCTION MGMT 427150 STEWART RICHEY CONSTRUCTION 2137 GLEN LILY ROAD BOWLING GREEN KY 42101 CONSTRUCTION MGMT 1200251 7 3903711 3903711 RENT 721310 23743472 23743472 LAUNDRIES INCOME 812300 5000 5000 VENDING & CHILLED WATER SALES 722515 491003 491003 HOUSING DEPOSIT FORFEITURE 721310 160953 160953 FEDERAL W/S REIMBURSEMENT 611710 100000 100000 24500428 676233 676233 0 0 155680 0 155680 155680 155680 218 0 218 218 218 0 0 0 0 0 0 0 0 0 DORM LOSS/DAMAGE 721310 20997 20997 MISCELLANEOUS REVENUE 900099 32518 32518 53515 29289785 24500428 885646 0 0 0 0 72188 72188 0 4691574 4469642 221932 0 1086912 985850 101062 158751 136251 22500 84200 84200 12850 12850 38615 38615 0 0 0 38842 38842 4782 4543 239 173237 155011 18226 121106 121106 0 2438227 2316168 122059 12154 11546 608 0 10607 10339 268 4003183 4003183 0 5762006 5762006 608675 456506 152169 LOSS ON IMPAIRMENT 1037739 1037739 REPAIRS, MAINT, AND SUPPLIES 1633768 1552099 81669 COVID STUDENT HOUSING REFUNDS 3903711 3903711 BAD DEBT 163744 163744 67510 67510 26124381 25156954 967427 0 1200230 1438418 18996677 51659096 0 0 1042525 1228914 0 0 0 0 1655979 1569465 0 0 175551 185513 181533230 56346401 114038782 125186829 0 0 486436 389659 0 0 0 0 0 0 137596180 181657894 3167688 5003921 0 0 0 2882353 92403359 128713710 0 0 0 0 0 0 0 0 1573969 1538119 97145016 138138103 X 40451164 43519791 0 0 40451164 43519791 137596180 181657894 X 3165404 -96777 X false true X true false X X 1 WKU FOUNDATION 611251555 5 true 0 0 1 true false false false false false false false false false false false false false false false SCHEDULE A, PART IV, SECTION C TYPE II SUPPORTING ORGANIZATION ------------------------------- THE WESTERN KENTUCKY UNIVERSITY FOUNDATION HAS THE RIGHT TO APPOINT ONE EMBEDDED DIRECTOR WHO SERVES A TERM ON THE WKU STUDENT LIFE FOUNDATION'S BOARD, COTERMINOUS WITH THE FOUNDATION BOARD TERM. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6654844 6654844 68551064 14103455 54447609 73252476 30813026 42439450 13790413 10995852 2794561 19284434 434069 18850365 125186829 0 STUDENT DEPOSITS 743850 ASSET RETIREMENT OBLIGATION 794269 1538119 29289785 29289785 29289785 26221158 96777 96777 26124381 26124381 FORM 990, SCH D, PART XI, LINE 2 INCOME TAXES ------------ THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS DID NOT INCLUDE A FOOTNOTE THAT ADDRESSED THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN48 (ASC 740). MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCH D, PART XII, LINE 2D RECONCILIATION TO AUDIT REPORT - EXPENSES ----------------------------------------- LINE 2D: CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS $ 96,777 false false false false false false false false false BRIAN KUSTER EXECUTIVE DIRECTOR 65395 104461 0 0 0 0 0 0 5587 8925 70982 113386 0 0 A COUNTY OF WARREN KENTUCKY 616000710 2018-04-01 94995199 REISSUE SERIES 2017 BONDS false true false B CITY OF BOWLING GREEN KY 616001789 2019-09-17 42000000 BUILD TWO RESIDENCE HALLS false true false A 0 0 94995199 0 0 0 0 0 0 0 94995199 0 true false true true B 0 0 42000000 0 0 0 0 0 0 42000000 0 0 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false false true false false false 0 true JP MORGAN CHASE BANK 12.5 true false true B false false false false false false 0 false 0 false true A true B true FORM 990, PART VI, SECTION B, LINE 11 PROCESS TO REVIEW FORM 990 -------------------------- THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT AND IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE ACCOUNTING MANAGER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12B AND 12C MONITORING CONFLICT OF INTEREST ------------------------------- THE EXECUTIVE DIRECTOR HAS OPEN DISCUSSIONS AND REVIEWS POTENTIAL CONFLICTS OF INTERESTS WITH THE PARTIES INVOLVED. FORM 990, PART VI, SECTION B, LINE 15A AND 15B DETERMINING COMPENSATION ------------------------ NO COMPENSATION IS PAID BY THE WKU STUDENT LIFE FOUNDATION. COMPENSATION IS PAID BY WESTERN KENTUCKY UNIVERSITY (WKU). WKU'S HUMAN RESOURCES DEPARTMENT REVIEWS ALL SALARIES AND COMPARES THEM TO SIMILAR POSITIONS AT BENCHMARK SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 MAKING FORMS AVAILABLE TO THE PUBLIC ------------------------------------ THE ORGANIZATION MAKES GOVERNING DOCUMENTS AND POLICY DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS ---------------------------- CHANGE IN FAIR VALUE OF DERIVATIVE INSTRUMENTS $(96,777) WESTERN KY UNIVERSITY FOUNDATION 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 611251555 FUNDRAISING KY 501(C)(3) 5 WKU false WESTERN KY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 UNIVERSITY KY 501(C)(3) 6 NA false false false false false false false false false true true false false false true true true false false false WESTERN KENTUCKY UNIVERSITY O 6009426 FMV WESTERN KENTUCKY UNIVERSITY P 4842993 FMV