2015-11-12T23:56:29-06:00 2015-06-30 BKD LLP 360 E 8TH AVE STE 201 PO BOX 1196 BOWLING GREEN KY 421021196 990 2014-07-01 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 2707452037 2015-11-11 true JESSICA FREEMAN P01261457 2707810111 2014 2016-02-25 16:41:14Z X BRIAN W KUSTER 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 421011041 23122513 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 19866194 22194057 551033 531458 607899 396998 21025126 23122513 0 0 0 0 98946 84519 0 0 0 15418432 15971962 15517378 16056481 5507748 7066032 116865637 119083353 94936696 92136175 21928941 26947178 PROVIDE A PREMIER LIVING/LEARNING EXPERIENCE ON THE CAMPUS THAT ENSURES STUDENT SUCCESS false false 14827574 22522665 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 PROVIDES 299 BEDS OFF THE MAIN CAMPUS. 14827574 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 25 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 2707452037 1906 COLLEGE HEIGHTS BLVD 8051 BOWLING GREEN KY 42101 X CHUCK COATES BOARD MEMBER 1.0 X BRAD HOWARD BOARD MEMBER 1.0 X MIKE HARRIS BOARD CHAIRPERSON 1.0 X X SANDY BOUSSARD BOARD MEMBER 1.0 X HAMP MOORE BOARD MEMBER 1.0 X MIKE SIMPSON BOARD MEMBER 1.0 X ABRAHAM WILLIAMS BOARD MEMBER 1.0 X KRISTEN BALE BOARD MEMBER 1.0 X NOLAN MILES BOARD MEMBER 1.0 X BRIAN KUSTER EXECUTIVE DIRECTOR 40.0 X 82452 9437 82452 9437 0 false false false BUILDERS BY DESIGN 1733 CAMPUS PLAZA CT 2 BOWLING GREEN KY 42101 CONTRACTOR 802392 SCOTT MURPHY PO BOX 2520 BOWLING GREEN KY 42102 CONTRACTOR 471777 ROLLIN MECHANICAL SERVICE 2137 GLEN LILY ROAD BOWLING GREEN KY 42101 CONTRACTOR 333217 S E ENGINEERING 1733 CAMPUS PLAZA CT 10 BOWLING GREEN KY 42101 CONSTRUCTION MGMT 305002 RS ELECTRICAL 2137 GLEN LILY ROAD BOWLING GREEN KY 42101 CONTRACTOR 180797 7 0 RENT 531110 21383563 21383563 LAUNDRIES INCOME 812300 97507 97507 VENDING INCOME 900099 22419 22419 CHILLED WATER SALE 900099 690568 690568 22194057 531458 531458 0 0 41940 0 41940 41940 41940 0 0 0 0 HOUSING DEP FORFEITURE 531110 198146 198146 DORM LOSS/DAMAGE 531390 21639 21639 WORK STUDY REIMB 900099 100000 100000 35273 8823 26450 355058 23122513 22522665 599848 0 0 0 0 84519 84519 0 0 0 0 0 84500 84500 500 500 33376 33376 0 0 0 105421 105421 14966 14966 2119320 1981777 137543 0 0 1949488 1852014 97474 26547 26547 0 15220 15220 748275 748275 0 3950834 3950834 682641 511981 170660 REIMBURSEMENT OF EXPENSES 5909808 5394894 514914 CHARGES/CREDITS TO OTHER DEPT 118514 118514 RECRUITMENT 15277 15277 BAD DEBTS 114751 114751 82524 82524 16056481 14827574 1228907 0 993102 1105068 15077468 18011102 0 0 679906 876062 0 0 0 0 2012668 1950388 0 0 375952 360317 134368857 39760398 95414195 94608459 0 0 1799258 1665814 0 0 0 0 513088 506143 116865637 119083353 3441530 1478172 0 0 0 0 79756040 80008931 0 0 0 0 0 0 0 0 11739126 10649072 94936696 92136175 X 21928941 26947178 0 0 0 0 21928941 26947178 116865637 119083353 X 7066032 -2047795 X false true X true false X X 1 WKU FOUNDATION 611251555 05 true 0 0 1 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 4058993 4058993 45206556 8698768 36507788 73993264 23064081 50929183 9117281 7729937 1387344 1992763 267612 1725151 94608459 0 STUDENT DEPOSITS 692850 INT RATE COLLAR & HEDGE AGREE 9175498 ASSET RETIREMENT OBLIGATION 780724 10649072 23122513 23122513 23122513 18104276 2047795 2047795 16056481 16056481 FORM 990, SCH D, PART XII, LINE 2D RECONCILIATION TO AUDIT REPORT - EXPENSES ----------------------------------------- CHANGE IN FAIR VALUE OF INTEREST RATE AGREEMENTS $(2,047,795) 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. A COUNTY OF WARREN KENTUCKY 616000710 934899AC9 2008-04-16 26000000 RENOVATION OF RESIDENCE HALLS false true false A 0 0 26000000 0 0 4800000 1271210 0 0 21072880 0 0 2010 true false true true A false false false false 0 false false false true A true true true JP MORGANCHASE 16. false false false 0 false true A false 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 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 XI, LINE 9 RECONCILIATION OF NET ASSETS ----------------------------- OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE AGREEMENTS $(2,047,797) ROUNDING 1 ------------- $(2,047,796) 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. 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 5994323 FMV WESTERN KENTUCKY UNIVERSITY P 4150176 FMV