2016-11-07T15:22:28-06:00 2016-06-30 BKD LLP 360 E 8TH AVE STE 201 PO BOX 1196 BOWLING GREEN KY 421021196 990 2015-07-01 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 2016-11-07 true KIM SCIFRES P01316095 2707810111 2015 2017-02-10 21:41:12Z BRIAN W KUSTER 1906 College Heights Blvd Bowling Green KY 42101 23379102 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 22194057 22504955 531458 554868 396998 316679 23122513 23376502 0 0 0 0 84519 111282 0 0 0 15971962 15922286 16056481 16033568 7066032 7342934 119083353 118625675 92136175 88659900 26947178 29965775 PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS false false 14642686 22753244 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. 14642686 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 false true false false true false false false false false false false false false false false false true false false false true 12 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 BOARD CHAIRPERSON 1.0 0.0 X X 0 0 0 MIKE HARRIS BOARD MEMBER 1.0 0.0 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 KATE HART BOARD MEMBER 1.0 0.0 X 0 0 0 KRISTIN BALE BOARD MEMBER 1.0 0.0 X 0 0 0 BRIAN KUSTER EXECUTIVE DIRECTOR 40.0 0.0 X 0 82626 24144 0 82626 24144 0 false false false S E ENGINEERING 1733 CAMPUS PLAZA CT 10 BOWLING GREEN KY 42101 CONSTRUCTION MGMT 217820 SCHARDEIN MECHANICAL PO BOX 19587 LOUISVILLE KY 40259 CONTRACTOR 198109 BUILDERS BY DESIGN 1733 CAMPUS PLAZA COURT BOWLING GREEN KY 42101 CONTRACTOR 169764 BRAILSFORD DUNLAVEY INC 1140 CONNECTICUT AVENUE NW WASHINGTON DC 20036 CONSULTING 136701 4 0 RENT 531110 21588285 21588285 LAUNDRIES INCOME 812300 83663 83663 VENDING INCOME 900099 28341 28341 CHILLED WATER SALE 900099 804666 804666 22504955 554566 554566 0 0 41940 0 41940 41940 41940 2902 2600 302 302 302 0 0 0 HOUSING DEPOSIT FORFEITURE 531110 132048 132048 DORM LOSS/DAMAGE 531390 12802 12802 FEDERAL W/S REIMBURSEMENT 900099 100000 100000 29889 3439 26450 274739 23376502 22753244 623258 0 0 0 0 111282 111282 0 0 0 0 0 84500 84500 535 535 52379 52379 0 0 0 268400 268400 17409 17409 1877856 1728361 149495 0 0 1988228 1888817 99411 17066 17066 0 17353 17353 805696 805696 0 3879064 3879064 618842 464132 154711 REIMBURSEMENT OF EXPENSES 5703227 5233058 470169 0 CHARGES/CREDITS TO OTHER DEP 275559 275559 RECRUITMENT 15519 15519 BAD DEBT 208757 208757 91896 91896 16033568 14642686 1390882 0 1105068 1231160 18011101 18959984 0 0 876062 766953 0 0 0 0 1950388 1883877 0 0 360317 256355 137122344 43581267 94608459 93541077 0 0 1665814 1863579 0 0 0 0 506144 122690 119083353 118625675 1478172 1298083 0 0 0 0 80008931 74820000 0 0 0 0 0 0 0 0 10649072 12541817 92136175 88659900 X 26947178 29965775 0 0 0 0 26947178 29965775 119083353 118625675 X 7342934 -4324337 X false true X true false X X 1 WKU FOUNDATION 611251555 5 true 0 0 1 0 0 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 9833995 35372561 75644442 25294201 50350241 9326671 8152168 1174503 2885682 300903 2584779 93541077 0 STUDENT DEPOSITS 753101 INT RATE COLLAR & HEDGE AGREEMENTS 10994122 ASSET RETIREMENT OBLIGATION 794594 12541817 23376502 23376502 23376502 20357905 4324337 4324337 16033568 16033568 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 $(3,720,470) LOSS ON BOND ISSUANCE COST & PREMIUMS $(603,867) TOTAL $(4,324,337) A COUNTY OF WARREN KENTUCKY 616000710 2015-08-11 78675000 REFINANCE 2000/2008 BONDS & LOAN false true false A 0 0 0 0 0 78675000 0 0 0 0 0 0 2015 true false true true A false true false false 0.00740 0.00740 false false false true A false false true false true false 0 false 0 false true A false SCH K, PART II, LINE 13 YEAR OF SUBSTANTIAL COMPLETION ------------------------------ 100% OF THE PROCEEDS WERE USED TO REFUND PRIOR ISSUES. 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 $(3,720,470) LOSS ON BOND ISSUANCE COST & PREMIUMS $(603,867) TOTAL $(4,324,337) 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 false true true false false false WESTERN KENTUCKY UNIVERSITY O 5814509 FMV WESTERN KENTUCKY UNIVERSITY P 3766147 FMV