2017-05-15T17:04:16-05:00 2016-06-30 350921680 CROWE HORWATH LLP 9600 Brownsboro Road Suite 400 Louisville KY 402411122 990 2015-07-01 611131682 Eastern Kentucky University Foundation Inc EAST 8596225012 521 Lancaster Ave CPO 15A Richmond KY 40475 Barry Poynter Treasurer, EKUF 2017-05-15 true Rachel Spurlock P00520729 5023263996 2015 2021-01-29 14:40:06Z Maribeth Berman 521 Lancaster Ave CPO 15A Richmond KY 40475 36133701 false 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. 20 20 0 25 0 0 4180791 6163197 43059 43619 9392415 492091 355263 2581968 13971528 9280875 3980411 9789197 0 0 0 0 0 92932 92932 809829 690501 4790240 10572630 9181288 -1291755 69777228 67269351 19603922 18717141 50173306 48552210 The EKU Foundation provides support for Eastern Kentucky University in accomplishing its goals of education and regional stewardship within its southeastern Kentucky service region. false false 9042255 8910496 2132972 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. 878701 878701 332425 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. 9920956 true true false false false false false false true true true false false false true true true false false false false false false true false true false true false true false false false false false false false false true true false false false true false false false true 10 0 true 0 false false false false false true true false false false true false X 20 20 false false false false false false false true true false false true true true true false false false false false KY X Barry Poynter Interim VP Fin EKU 8596225012 521 Lancaster Ave Coates Box 31A Richmond KY 40475 Ritchie Rednour Trustee 1.0 X 0 0 0 Barbara A Ricke Trustee 1.0 X 0 0 0 Jane Boyer Trustee 1.0 X 0 0 0 Paul R Collins Trustee 1.0 X 0 0 0 Paul W Chellgren Trustee 1.0 X 0 0 0 Craig Turner Trustee 1.0 3.0 X 0 0 0 Don Bornhorst Trustee 1.0 X 0 0 0 Don McNay Trustee (partial year) 1.0 X 0 0 0 James B Moore Trustee 1.0 X 0 0 0 Hardy Tribble Trustee 1.0 X 0 0 0 Gary Booth Trustee 1.0 X 0 0 0 Steve Hall Trustee 1.0 X 0 0 0 Matt Evans Trustee 1.0 X 0 0 0 Thomas M Martin Trustee 1.0 X 0 0 0 April Perry Trustee 1.0 X 0 0 0 Gabe Uebel Trustee 1.0 X 0 0 0 Mary Ousley Trustee 1.0 X 0 0 0 Melissa Combs-Wright Trustee 1.0 X 0 0 0 Troy Ellis Trustee 1.0 X 0 0 0 Michael T Benson EKU President 1.0 39.0 X 0 504674 68638 Maribeth Berman Chair 1.0 X 0 0 0 Timothy C Brown Chair (Until April 29, 2016) 1.0 X 0 0 0 Barry Poynter VP EKU/Foundation's top fin. official 3.0 37.0 X 0 180791 31430 Nicholas Perlick VP of Development/Foundation's Top Management Official 20.0 20.0 X 0 159639 37741 0 845104 137809 0 false true false 0 6163197 1227338 6163197 Alumni Events 900099 43619 43619 0 0 0 0 43619 1594562 1594562 147990 0 147990 0 147990 147990 25740355 26842826 -1102471 0 -1102471 -1102471 22200 10000 12200 12200 Related Party Settlement 900099 2367390 2367390 Miscellaneous Revenues 900099 54388 54388 0 0 0 0 2421778 9280875 2465397 0 652281 9789197 9789197 35862 35862 92932 92932 244096 244096 106960 0 106960 0 32218 32218 25470 451 25019 50 50 78 78 350 350 29941 29941 99140 99140 17324 17324 Professional Events 90176 90176 8836 8836 0 0 10572630 9920956 558742 92932 4066297 5239646 121384 2220351 31605 4381 0 0 9796 36147 0 21375 850000 104479 4619336 745521 55680013 56066844 5021590 2751789 0 205832 204672 69777228 67269351 50150 46910 0 0 0 17659309 16849284 0 1115466 849428 778997 971519 19603922 18717141 X 5973117 4117483 17696393 16388207 26503796 28046520 50173306 48552210 69777228 67269351 X -1291755 -224552 -104789 X false true X true false X 2556355 2768454 2970299 4180791 6163197 18639096 0 0 0 0 0 0 0 0 0 0 0 0 2556355 2768454 2970299 4180791 6163197 18639096 686674 17952422 1492990 1651698 1762845 1740552 1742552 8390637 0 0 0 0 0 0 275972 19320 0 0 22200 317492 27347225 3151959 0.6565 0.6218 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 275972.0, COLUMN B - 19320.0, COLUMN C - , COLUMN D - , COLUMN E - 22200.0, COLUMN F - 317492.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 66103788 2146270 75448 3318787 0 65006719 64588838 4023355 667373 2914553 0 261225 66103788 57846275 1508259 8477630 3243326 0 0 64588838 50133022 1325079 7709907 1321733 0 0 57846275 49488724 1873688 -45116 1184274 0 0 50133022 0.1222 0.8778 0.0 false false 250000 250000 600000 104479 495521 745521 Due to Related Party - University 638250 Annuity payments and deferred giving liability 333269 971519 X 6401650 -224552 10000 -214552 6616202 163295 2501378 2664673 9280875 8022746 10000 10000 8012746 163295 2396589 2559884 10572630 Schedule D, Part IV, Line 2b Explanation of escrow agreement 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. Schedule D, Part V, Line 4 Intended uses of endowment funds The endowment funds have been established for the purpose of generating investment income and return to support the educational and regional stewardship activities of Eastern Kentucky University. The designated purposes of all funds are maintained and the income/return from them is used only for the intended donor purpose. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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-likelythan-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, 2016, 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, 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Gaming Expense - 10000 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Annuity Liability Increase - 29199 Bad Debt Recoveries - 2367390 Write off of Uncollectible Pledges - 104789 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Gaming Expense - 10000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Annuity Liability Increase - 29199 Bad Debt Recoveries - 2367390 X X X X X X X true Alexander Haas 3520 Piedmont Rd Atlanta GA 30305 Capital Campaign Consulting false 4026604 92932 3933672 4026604 92932 3933672 KY 22200 10000 true 1.0 22200 10000 KY true false false false 1.0 Brad Compton 521 Lancaster Ave Richmond KY 40475 false Melissa Grinstead 0 Setting up gaming license X false 0 true Eastern Kentucky University 521 Lancaster Ave Richmond KY 404753102 611011211 State of Kentucky 3435956 6353241 Book Real Estate & Equipment To further the mission of Eastern Kentucky University 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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, amounts reported in Schedule I, Part I, reflect financial support that the Foundation provides to the University for scholarships, academic programs, research, facilities, faculty and other initiatives of the University. false false false false false false false false false Michael T Benson EKU President 0 400000 0 0 0 104674 0 48475 0 20163 0 573312 0 0 Barry Poynter VP EKU/Foundation's top fin. official 0 180791 0 0 0 0 0 24929 0 6501 0 212221 0 0 Nicholas Perlick VP of Development/Foundation's Top Management Official 0 159513 0 0 0 126 0 22931 0 14810 0 197380 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation 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. X 1 550 Market value X 1 151960 Opinions of experts X 1 199719 Market value X 1 868310 Opinions of experts X 1 106 Cost X Two Dozen Roses 1 20 Cost X Two Tickets 1 96 Cost X NAEMSE Level 1 Instructor Course Fee 1 295 Cost X Baldwin Grand Piano built in 1959 1 2500 Opinions of experts 0 false true false Schedule M, Part I, Line 1 Number of Contributions 1 Contribution of 2 dozen roses Schedule M, Part I, Line 2 Number of Contributions 1 contribution of 2 tickets Schedule M, Part I, Line 4 Number of contributions 1 contribution of a Baldwin Grand Piano Schedule M, Part I Explanations of reporting method for number of contributions Other - Two Dozen Roses Number of contributions Other - Two Tickets Number of contributions Food inventory - Number of contributions Other - NAEMSE Level 1 Instructor Course Fee Number of contributions Art - Works of art - Number of contributions Food inventory - Number of contributions Food inventory - Number of contributions Other - Baldwin Grand Piano built in 1959 Number of contributions Boats and planes - Number of contributions Real estate - Other - Number of contributions Securities - Publicly traded - Number of contributions Form 990, Part VI, Line 13 WRITTEN WHISTLEBLOWER & DOCUMENT RETENTION & DESTRUCTION POLICIES ALTHOUGH THE ORGANIZATION DOES NOT HAVE ITS OWN WRITTEN WHISTLEBLOWER AND WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICIES, THE ORGANIZATION CURRENTLY FOLLOWS THE WRITTEN POLICIES OF EASTERN KENTUCKY UNIVERSITY, A RELATED TAX-EXEMPT ORGANIZATION. Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION OF OFFICERS 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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 VIII, Line 11a Related Party Settlement Through December 31, 2015, the Foundation owned the Arlington Golf Course property, a golf course built and owned by the Foundation on Foundation owned property. The Foundation leased the property to Arlington Association, inc. (Arlington) under the terms of a year-to-year lease agreement which could be terminated by either party with notice. Effective December 31, 2015, the Foundation contributed to the University the Arlington Golf Course property and related equipment. In conjunction with the property and equipment the Foundation contributed to the University, the University transferred cash to the Foundation to pay off in full related bank notes outstanding at time of transaction. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Write off of Uncollectible Pledges - -104789; EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 EDUCATION KY NA false false true false false false false false false true false false false true true true true true true false