2019-05-10T14:36:24-05:00 2018-06-30 271235638 MCM CPAS & ADVISORS LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2017-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 BARRY POYNTER TREASURER 8596225012 2019-05-01 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2019-03-28 69.135.99.226 2019-05-01 10:28:34 ED P 28B21ECBC39787C07F6167BFEBE3D0853ADA9022 4574B9C6822F809856AD1E1D8DB2C4EA324F153E 2017 2019-02-21 02:37:17Z MS MARIBETH BERMAN 521 LANCASTER AVE CPO 15A RICHMOND KY 40475 21909296 0 X HTTP//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. 21 20 4 26 0 0 4862234 3101990 60000 64000 1619775 3208353 106169 47066 6648178 6421409 3677734 3571896 0 0 0 0 111418 115005 115005 658326 717481 4447478 4404382 2200700 2017027 75814623 79605848 20281434 20744749 55533189 58861099 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 2577553 2226696 105766 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. 1345200 1345200 0 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. 3922753 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 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 MARIBETH BERMAN CHAIR 1.00 X X 0 0 0 DON BORNHORST 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 PARTIAL YEAR TRUSTEE 1.00 X 0 0 0 APRIL PERRY TRUSTEE 1.00 X 0 0 0 BARBARA A RICKE TRUSTEE 1.00 X 0 0 0 CRAIG TURNER TRUSTEE 1.00 3.00 X 0 0 0 DONALD WHITAKER PARTIAL YEAR TRUSTEE 1.00 X 0 0 0 GABE UEBEL TRUSTEE 1.00 X 0 0 0 GARY BOOTH TRUSTEE 1.00 X 0 0 0 JIM GUICE TRUSTEE 1.00 X 0 0 0 JOHN WADE PARTIAL YEAR 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 PAUL R COLLINS PARTIAL YEAR 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 RITCHIE REDNOUR TRUSTEE 1.00 X 0 0 0 SUZANNE P FAWBUSH PARTIAL YEAR TRUSTEE 1.00 X 0 0 0 TROY ELLIS TRUSTEE 1.00 X 0 0 0 MICHAEL T BENSON EKU PRESIDENT 1.00 39.00 X 0 836422 69413 BARRY POYNTER VP EKU/TREASURER 3.00 37.00 X 0 196046 32534 DAN MCBRIDE PARTIAL YEAR INTERIM EXECUTIVE DIRECTOR 20.00 20.00 X 0 94794 21794 NICHOLAS PERLICK PARTIAL YEAR VP OF DEVELOPMENT/EXECUTIVE DIRECTOR 20.00 20.00 X 0 165135 38344 0 1292397 162085 0 0 1 0 FIFTH THIRD BANK 38 FOUNTAIN SQ PLZ CINCINNATI OH 45263 INVESTMENT MANAGEMENT FEES 206555 ALEXANDER HAAS INC 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING SERVICES 115006 2 3101990 361992 3101990 ALUMNI EVENTS 900099 64000 64000 64000 1785056 1785056 16901184 15477887 1423297 1423297 1423297 15300 10000 5300 5300 MISCELLANEOUS 900099 41766 41766 41766 6421409 105766 0 3213653 3571896 3571896 27899 27899 115005 115005 206555 206555 111633 26592 85041 113275 113275 114026 81021 33005 791 791 14124 14124 12912 12912 PROFESSIONAL EVENTS 113421 113421 MISCELLANEOUS 2045 2045 REGISTRATION FEES 800 800 4404382 3922753 366624 115005 5167544 3807018 3123719 2600692 48152 50937 850000 132727 731397 717273 62902232 66813246 3643128 5429875 198451 186807 75814623 79605848 42509 25675 19366773 20127990 872152 591084 20281434 20744749 X 4616840 4832280 21313492 23381653 29602857 30647166 55533189 58861099 75814623 79605848 2017027 1310883 0 X X 0 1 X 1 0 X 2970299 4180791 6163197 4862234 3101990 21278511 2970299 4180791 6163197 4862234 3101990 21278511 437100 20841411 1762845 1740552 1742552 1506677 1785056 8537682 5300 17800 41766 64866 29881059 3150679 0.69750 0.68770 X 0 1 X 69599732 1358365 5015187 2398954 73574330 60951950 2315541 7777901 1445660 69599732 62859044 2146270 -734577 3318787 60951950 61344094 4023355 667373 2914553 261225 62859044 54601531 1508259 8477630 3243326 61344094 0.12870 0.56890 0.30240 0 0 250000 250000 600000 132727 467273 717273 BANKER'S ACCEPTANCES 3519545 F EQUITIES 113120 F LIMITED PARTNERSHIPS 1797210 F 5429875 DUE TO UNIVERSITY 222375 DEFERRED GIFT LIABILITY 368709 591084 X 7535737 1310883 1310883 6224854 206555 -10000 196555 6421409 4207827 10000 10000 4197827 206555 206555 4404382 PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT FUNDS IN THE POSSESSION OF THE FOUNDATION ON BEHALF OF EASTERN KENTUCKY UNIVERSITY, WHICH ARE HELD FOR INVESTMENT IN THE 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. 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. US 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 1N 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 1S 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 LIABILIT1ES WHICH WOULD WARRANT RECOGNITION AS OF JUNE 30, 2018, NOR DOES IT EXPECT THIS TO CHANGE IN THE NEXT 12 MONTHS. 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, 2018 AND 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAMING EXPENSES PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMING EXPENSES PART XII, LINE 2D GAMING EXPENSES PART XII,LINE 4B GAMING EXPENSE X X X X X X 1 ALEXANDER HAAS INC 3520 PIEDMONT RD NE 300 ATLANTA GA 30305 CONSULTING 0 3101990 115005 2986985 3101990 115005 2986985 KY 15300 10000 1 1.00000 15300 10000 10000 5300 KY 1 0 0 0 1.00000 BRAD COMPTON 521 LANCASTER AVE RICHMOND KY 40475 0 BRAD COMTOPN 0 ORGANIZE AND MANAGE THE ORGANIZATION'S GAMING EVENT. X 0 1 EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 115(1) 3209904 361992 FMV VAN, STOCK, AND FURNITURE TO ENHANCE THE STUDENT EXPERIENCE TO INCLUDE STUDENT FINANCIAL AID AND SCHOLARSHIPS, AS WELL AS FURTHER THE MISSION OF EASTERN KENTUCKY UNIVERSITY. 1 0 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 1 0 0 0 0 0 0 0 MICHAEL T BENSON EKU PRESIDENT 0 400000 0 0 0 436422 0 48475 0 20938 0 905835 0 0 BARRY POYNTER VP EKU/TREASURER 0 196046 0 0 0 0 0 26830 0 5704 0 228580 0 0 NICHOLAS PERLICK PARTIAL YEAR VP OF DEVELOPMENT/EXECUTIVE DIRECTOR 0 165135 0 0 0 0 0 23407 0 14937 0 203479 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. NICHOLAS PERLICK WAS THE TOP MANAGEMENT OFFICIALS OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION. HIS POSITION AS AN EMPLOYEE OF THE EASTERN KENTUCKY UNIVERSITY IS VICE PRESIDENT OF DEVELOPMENT. THEIR COMPENSATION AS SUCH IS DETERMINED VIA COMPENSATION SURVEY. PART I, LINE 4B MICHAEL T. BENSON, EKUF PRESIDENT, PARTICIPATES IN A NON-QUALIFED RETIREMENT PLAN. THERE WERE NO EMPLOYER CONTRIBUTIONS TO THIS PLAN IN THE CURRENT YEAR. X 1 104840 COST X 11 156987 FMV X OFFICE FURNITURE 8 90121 COST X GIFT CARDS/TICKETS 38 10044 COST 2 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