2015-05-14T14:02:04-05:00 2014-06-30 CROWE HORWATH LLP 9600 BROWNSBORO ROAD SUITE 400 LOUISVILLE KY 402411122 990 2013-07-01 611131682 EASTERN KENTUCKY UNIVERSITY FOUNDATION INC EAST 8596225012 521 Lancaster Ave CPO 15A Richmond KY 40475 BARRY POYNTER VP EKU 2015-05-14 true Rachel Spurlock P00520729 5023263996 2013 2016-02-25 16:41:14Z DUSTAN MCCOY 521 Lancaster Ave CPO 15A Richmond KY 40475 8535107 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. 15 15 0 24 0 0 2768454 2970299 49757 45608 3078633 4561112 285481 220296 6182325 7797315 1152898 1020015 0 0 0 0 0 0 111717 1472605 1047679 2625503 2067694 3556822 5729621 62500933 71487860 19474618 20591712 43026315 50896148 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 606330 586099 265904 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. 433916 433916 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. 1040246 true true false false false false true true true true true false false true true true false false false true false false false false false false true false true false false false false false false false false true true false false false true false false false false true 20 0 true 0 false false false false false false false false false false X 15 15 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 BARBARA A RICKE TRUSTEE 1.00 X 0 0 0 BILL DAUGHERTY TRUSTEE 1.00 X 0 0 0 CRAIG TURNER TRUSTEE 1.00 3.00 X 0 0 0 DON BORNHORST TRUSTEE 1.00 X 0 0 0 DON MCNAY TRUSTEE 1.00 X 0 0 0 HARDY TRIBBLE TRUSTEE 1.00 X 0 0 0 JAMES B MOORE TRUSTEE 1.00 X 0 0 0 JANE BOYER TRUSTEE 1.00 X 0 0 0 MARIBETH BERMAN TRUSTEE 1.00 X 0 0 0 MATT EVANS TRUSTEE 1.00 X 0 0 0 PAUL R COLLINS TRUSTEE 1.00 X 0 0 0 PAUL W CHELLGREN TRUSTEE 1.00 X 0 0 0 RITCHIE REDNOUR TRUSTEE 1.00 X 0 0 0 THOMAS M MARTIN TRUSTEE 1.00 X 0 0 0 BARRY POYNTER VP EKU/FOUNDATION'S TOP FIN. OFFICIAL 3.00 37.00 X 0 179349 24043 MARK SANDY INTERIM VP OF DEVELOPMENT/FOUNDATION'S TOP MANAGEMENT OFFICIAL (1 MONTH) 20.00 20.00 X 0 15909 2620 MICHAEL EASTMAN VP OF DEVELOPMENT/FOUNDATION'S TOP MANAGEMENT OFFICIAL (PARTIAL YEAR) 20.00 20.00 X 0 166513 34576 MICHAEL T BENSON EKU PRESIDENT 1.00 39.00 X 0 447385 42392 TIMOTHY C BROWN CHAIR 1.00 X 0 0 0 0 809156 103631 0 false true false HIRTLE CALLAGHAN FIVE TOWER BRIDGE SUITE 500 WEST CONSHOHOCKEN PA 194282998 INVESTMENT SERVICES 241122 WYATT TARRANT & COMBS LLP 500 W JEFFERSON STREET SUITE 2800 LOUISVILLE KY 40202 LEGAL SERVICES 146705 2 2970299 38095 2970299 ALUMNI EVENTS 900099 45608 45608 0 0 0 0 0 0 0 0 45608 1762845 1762845 0 0 306130 89367 216763 0 216763 216763 3446692 648425 2798267 0 2798267 2798267 0 0 0 MISCELLANEOUS REVENUES 900099 3533 3533 0 0 0 0 0 0 3533 7797315 265904 0 4561112 1020015 1020015 0 0 0 0 0 0 0 0 0 0 50306 50306 44355 44355 0 0 268626 268626 190817 0 190817 0 20231 20231 94527 94527 77709 77709 0 0 14422 14422 0 5000 5000 34291 34291 0 105446 105446 37421 37421 MEMBERSHIPS & OTHER DUES 11729 11729 SPECIAL FUNCTIONS 85566 85566 MISCELLANEOUS EXPENSE 7233 7233 0 0 0 0 2067694 1040246 915731 111717 0 1705168 2862500 3563842 3913193 744161 460095 52279 48014 0 0 0 0 647 6604548 816676 5965703 5787872 41942635 49702935 8249286 8466804 0 0 277212 246447 62500933 71487860 208928 57652 1155000 17278764 18626620 0 0 1373712 831926 533728 19474618 20591712 X 4427646 4634030 12798029 18427092 25800640 27835026 43026315 50896148 62500933 71487860 X 5729621 2837287 -697075 X false true X true false X 2809064 3191563 2556355 2768454 2970299 14295735 0 0 2809064 3191563 2556355 2768454 2970299 14295735 1230167 13065568 1192171 1148955 1492990 1651698 1762845 7248659 0 327284 295853 275972 19320 0 918429 22462823 618959 0.58160 0.55620 X Schedule A, Part II, Line 10, Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 327284, COLUMN B - 295853, COLUMN C - 275972, COLUMN D - 19320, COLUMN E - , COLUMN F - 918429; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38095 43817 X false false true X 57846276 1508259 8477630 1020015 1954685 268626 64588839 50133023 1325079 7709907 339836 740764 241133 57846276 49488725 1873688 -268663 366667 370513 223547 50133023 39573556 2310582 8341711 464218 170689 102217 49488725 41377499 0 5899265 526974 6988487 187747 39573556 0.10890 0.89110 true false 2450373 2450373 3435083 495430 2939653 0 152050 96012 56038 567042 225234 341808 5787872 0 0 HEDGE FUNDS 5012400 F LIMITED PARTNERSHIPS 3454404 F 8466804 0 DUE TO RELATED PARTY - UNIVERSITY 169400 ANNUITY PAYMENTS AND DEFERRED GIVING LIABILITY 364328 533728 X 10455343 2837287 89367 2926654 7528689 268626 0 268626 7797315 2585510 786442 786442 1799068 268626 0 268626 2067694 Schedule D, Part III, Line 4, Collections of art - description of collections THE FOUNDATION RECEIVES ART WORK ON BEHALF OF THE UNIVERSITY THAT IS DISPLAYED IN VARIOUS AREAS(SCHOOL OF ART) TO FURTHER THE EDUCATIONAL EXPERIENCE FOR STUDENTS. 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 HAS DETERMINED THAT THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 OF THE INTERNAL REVENUE CODE. HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. Schedule D, Part XI, Line 2d, Other revenues in audited financial statements not in form 990 RENTAL EXPENSE - 89367; Schedule D, Part XII, Line 2d, Other expenses in audited financial statements not in form 990 RENTAL EXPENSE - 89367; UNCOLLECTIBLE RELATED PARTY RECEIVABLE - 386488; UNCOLLECTIBLE PLEDGES - 310587; CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 8467000 0 0 8467000 true false true false true false Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL true EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 GOVERNMENT 1020015 ACADEMIC PROGRAM SUPPORT 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 BARRY POYNTER VP EKU/FOUNDATION'S TOP FIN. OFFICIAL 0 179349 0 0 0 0 0 9092 0 14951 0 203392 0 0 MICHAEL EASTMAN VP OF DEVELOPMENT/FOUNDATION'S TOP MANAGEMENT OFFICIAL (PARTIAL YEAR) 0 166513 0 0 0 0 0 14716 0 19860 0 201089 0 0 MICHAEL T BENSON EKU PRESIDENT 0 447385 0 0 0 0 0 13005 0 29387 0 489777 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. MARK SANDY AND MICHAEL EASTMAN WERE THE TOP MANAGEMENT OFFICIALS OF THE EASTERN KENTUCKY UNIVERSITY FOUNDATION. THEIR POSITION AS AN EMPLOYEE OF THE EASTERN KENTUCKY UNIVERSITY IS INTERIM VICE PRESIDENT OF DEVELOPMENT, AND VICE PRESIDENT OF DEVELOPMENT RESPECTIVELY. THEIR COMPENSATION AS SUCH IS DETERMINED VIA COMPENSATION SURVEY. X 1 38095 OPINIONS OF EXPERTS 0 false true false Schedule M, Part I, Explanations of reporting method for number of contributions ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS Schedule M, part I, column (b), Line 1, Number of contributions or items contributed. NUMBER OF CONTRIBUTIONS Form 990, Part VI, Sec B, 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, Sec B, 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 COLLEGE 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, Sec C, 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 XI, Line 9, Other changes in net assets or fund balances UNCOLLECTIBLE RELATED PARTY RECEIVABLE - -386488; UNCOLLECTIBLE PLEDGES - -310587; EASTERN KENTUCKY UNIVERSITY 521 LANCASTER AVE RICHMOND KY 40475 611011211 EDUCATION KY N/A NA false false true false false false false false false false true false false true true true true true false false