2017-11-07T12:25:44-06:00 2017-06-30 BKD LLP 360 E 8TH AVE STE 201 PO BOX 1196 BOWLING GREEN KY 421021196 990 2016-07-01 611350986 WKU Student Life Foundation Inc % BRIAN W KUSTER WKUS 2707452037 1906 College Heights Blvd 8051 Bowling Green KY 42101 BRIAN W KUSTER EXECUTIVE DIRECTOR 2707452038 2017-11-07 true JESSICA FREEMAN P01261457 2707810111 2017-11-07 167.68.126.162 61016420173115000000 2017-11-07 P 744161B132BA3C1A8C821939B2342FBD54E98AFF 3E4336C146245BED0F66B6191568D352767A2612 2016 2021-01-29 14:40:06Z BRIAN W KUSTER 1906 College Heights Blvd Bowling Green KY 42101 23570827 false X N/A X 1999 KY PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS. 9 9 0 9 0 0 0 22504955 22717844 554868 514249 316679 338734 23376502 23570827 0 0 0 0 111282 50686 0 0 0 15922286 18035955 16033568 18086641 7342934 5484186 118625675 143123418 88659900 106403492 29965775 36719926 PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS false false 16866830 22988188 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 15 RESIDENCE HALLS AND APPROXIMATELY 4,950 BEDS ON THE MAIN CAMPUS OF THE UNIVERSITY. THE FOUNDATION ALSO CONSTRUCTED AND OWNS TWO FACILITIES ADJACENT TO THE WKU CAMPUS THAT PROVIDE 299 BEDS OFF THE MAIN CAMPUS. 16866830 true false 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 14 0 true 0 false false false false false false false false false false X 9 9 false false false false false false false true true false false false true true true false true false false false KY X BRIAN W KUSTER 2707452038 1906 COLLEGE HEIGHTS BLVD 8051 BOWLING GREEN KY 42101 CHUCK COATES BOARD MEMBER 1.0 0.0 X 0 0 0 BRAD HOWARD VICE CHAIRMAN 1.0 0.0 X X 0 0 0 MIKE HARRIS CHAIRMAN 1.0 0.0 X X 0 0 0 SANDY BOUSSARD BOARD MEMBER 1.0 0.0 X 0 0 0 HAMP MOORE BOARD MEMBER 1.0 0.0 X 0 0 0 MIKE SIMPSON BOARD MEMBER 1.0 0.0 X 0 0 0 ABRAHAM WILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 KIM REED BOARD MEMBER 1.0 0.0 X 0 0 0 KRISTIN BALE BOARD MEMBER 1.0 0.0 X 0 0 0 NOLAN MILES BOARD MEMBER 1.0 0.0 X 0 0 0 BRIAN KUSTER EXECUTIVE DIRECTOR 15.0 25.0 X 0 129704 21662 0 129704 21662 0 false true false S E ENGINEERING 1733 CAMPUS PLAZA CT 10 BOWLING GREEN KY 42101 CONSTRUCTION MGMT 767887 SCOTT MURPHY DANIEL LLC PO BOX 2520 BOWLING GREEN KY 42102 CONTRACTOR 3262574 BUILDERS BY DESIGN 1733 CAMPUS PLAZA COURT BOWLING GREEN KY 42101 CONTRACTOR 599453 HSBM COMPANY LLC 1999 OLD LOUISVILLE ROAD BOWLING GREEN KY 42101 CONTRACTOR 3500000 NEW MILLENNIM BUILDING SYSTEMS LLC 36919 TREASURY CENTER CHICAGO IL 606946900 CONTRACTOR/SUPPLIER 195233 10 0 RENT 531110 21828684 21828684 LAUNDRIES INCOME 812300 102047 102047 VENDING INCOME 900099 29964 29964 CHILLED WATER SALE 900099 757149 757149 22717844 514249 514249 0 0 41940 0 41940 41940 41940 0 0 0 0 0 0 0 0 0 0 HOUSING DEPOSIT FORFEITURE 531110 148150 148150 DORM LOSS/DAMAGE 531390 20616 20616 FEDERAL W/S REIMBURSEMENT 900099 100000 100000 28028 1578 26450 296794 23570827 22988188 582639 0 0 0 0 50686 50686 0 0 0 0 0 84500 84500 2015 2015 30370 30370 0 0 0 87645 87645 18229 18229 2294853 2153840 141013 0 0 2019253 1918290 100963 12623 12623 0 23088 23088 2212177 2212177 0 3914379 3914379 621694 466271 155423 REIMBURSEMENT OF EXPENSES 6128135 5560939 567196 0 CHARGES/CREDITS TO OTHER DEP 265071 265071 RECRUITMENT 17293 17293 BAD DEBT 232091 232091 72539 72539 18086641 16866830 1219811 0 1231160 1320366 18959984 40178030 0 0 766953 737223 0 0 0 0 1883877 1812846 0 0 256355 195726 145524828 47485156 93541077 98039672 0 0 1863579 839555 0 0 0 0 122690 0 118625675 143123418 1298083 2090761 0 0 0 0 74820000 96373699 0 0 0 0 0 6381863 0 0 12541817 1557169 88659900 106403492 X 29965775 36719926 0 0 0 0 29965775 36719926 118625675 143123418 X 5484186 1269965 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. 4058993 4058993 45206556 10958724 34247832 76203703 27565946 48637757 10218626 8626292 1592334 9836950 334194 9502756 98039672 0 STUDENT DEPOSITS 762900 INT RATE COLLAR & HEDGE AGREEMENTS 0 ASSET RETIREMENT OBLIGATION 794269 1557169 23570827 23570827 23570827 16816676 -1269965 -1269965 18086641 18086641 FORM 990, SCH D, PART X, 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 ----------------------------------------- CHANGE IN FAIR VALUE OF INTEREST RATE AGREEMENTS $ 1,387,312 LOSS ON BOND ISSUANCE COST & PREMIUMS $ (117,349) ROUNDING $2 TOTAL $ 1,269,965 false false false false false false false false false BRIAN KUSTER EXECUTIVE DIRECTOR 0 118993 0 0 0 10711 0 20762 0 900 0 151366 0 0 A COUNTY OF WARREN KENTUCKY 616000710 2017-02-24 100390000 REFUND 2015 BONDS/CAP EXPENDITURES false true false A 0 0 100390000 0 0 72690000 0 0 0 27700000 0 0 true false true true A false false false false false false 0 false false false true A false false true false false false 0 true JP MORGAN CHASE BANK 13.7 true false true A 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 AVAILABE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS ---------------------------- CHANGE IN FAIR VALUE OF INTEREST RATE AGREEMENTS $1,387,312 LOSS ON BOND ISSUANCE COST & PREMIUMS $(117,349) ROUNDING $2 TOTAL $1,269,965 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 false false false false false true true false false false WESTERN KENTUCKY UNIVERSITY O 6178821 FMV WESTERN KENTUCKY UNIVERSITY P 3833798 FMV