Form 990 for tax year 2024
Filed by COLLEGE HEIGHTS FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 8 August 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $48,216,006
- Total expenses
- $21,475,422
- Contributions and grants received
- $33,822,375
- Grants paid
- $8,549,863
- Program service revenue
- $0
- Investment income
- $14,363,119
- Other revenue
- $30,512
- Total assets, end of year
- $304,511,705
- Total liabilities, end of year
- $32,441,515
- Net assets or fund balances, end of year
- $272,070,190
- Program services expenses (Part IX)
- $17,904,811
- Management and general expenses
- $3,336,833
- Fundraising expenses
- $233,778
- Program service expenses (Part III)
- $17,904,811
Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$33,822,375
-
1g · Noncash contributions included above
$6,295,732
-
3 · Investment income
total $5,505,289 · excluded $5,505,289
-
6a · Gross rents
real property $24,325
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $24,325
-
6d · Net rental income or loss
total $24,325 · excluded $24,325
-
7a · Gross sales of assets other than inventory
securities $55,047,419 · other assets $1,105,371
-
7b · Less cost or other basis and sales expenses
securities $46,769,960 · other assets $525,000
-
7c · Gain or loss
securities $8,277,459 · other assets $580,371
-
7d · Net gain or loss
total $8,857,830 · excluded $8,857,830
-
11a · Other revenue: OTHER INCOME
total $6,187 · related or exempt $6,187
-
11e · Other revenue, total
$6,187
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $8,549,863 · program services $8,549,863
-
5 · Compensation of officers, directors and key employees
total $618,650 · management and general $618,650
-
7 · Other salaries and wages
total $537,541 · management and general $537,541
-
8 · Pension plan contributions
total $53,687 · management and general $53,687
-
9 · Other employee benefits
total $49,681 · management and general $49,681
-
10 · Payroll taxes
total $62,157 · management and general $62,157
-
11b · Fees: legal
total $844 · management and general $844
-
11c · Fees: accounting
total $41,348 · management and general $41,348
-
11f · Fees: investment management
total $1,002,232 · management and general $1,002,232
-
11g · Fees: other
total $1,007,450 · program services $400,063 · management and general $450,130 · fundraising $157,257
-
12 · Advertising and promotion
total $85,939 · program services $85,939
-
13 · Office expenses
total $401,552 · program services $326,958 · management and general $57,007 · fundraising $17,587
-
14 · Information technology
total $16,622 · management and general $16,622
-
16 · Occupancy
total $26,914 · program services $26,914
-
17 · Travel
total $2,853,446 · program services $2,816,910 · fundraising $36,536
-
19 · Conferences, conventions and meetings
total $139,803 · program services $135,320 · management and general $4,483
-
22 · Depreciation, depletion and amortization
total $46,141 · program services $46,141
-
23 · Insurance
total $53,723 · program services $53,723
-
24a · Other expenses: REIMBURSED SALARIES AND
total $2,753,774 · program services $2,372,358 · management and general $381,416
-
24b · Other expenses: GIFTS AND DONATIONS
total $1,741,577 · program services $1,741,577
-
24c · Other expenses: CAPITAL EXPENDITURES
total $867,371 · program services $867,371
-
24d · Other expenses: MEMBERSHIP AND DUES
total $303,574 · program services $282,307 · management and general $21,267
-
24e · All other expenses
total $261,533 · program services $199,367 · management and general $39,768 · fundraising $22,398
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,355,782 · end of year $25,576,473
-
3 · Pledges and grants receivable
beginning of year $3,268,557 · end of year $10,374,854
-
4 · Accounts receivable
end of year $1,105,371
-
9 · Prepaid expenses and deferred charges
beginning of year $68,815 · end of year $65,542
-
10a · Land, buildings and equipment: cost or other basis
$1,371,374
-
10b · Land, buildings and equipment: accumulated depreciation
$203,352
-
10c · Land, buildings and equipment, net
beginning of year $1,208,310 · end of year $1,168,022
-
11 · Investments: publicly traded securities
beginning of year $192,787,349 · end of year $205,581,997
-
12 · Investments: other securities
beginning of year $14,259,670 · end of year $16,354,890
-
15 · Other assets
beginning of year $39,487,884 · end of year $44,284,556
-
17 · Accounts payable and accrued expenses
beginning of year $802,931 · end of year $328,576
-
25 · Other liabilities
beginning of year $28,768,919 · end of year $32,112,939
-
27 · Net assets without donor restrictions
beginning of year $13,792,166 · end of year $17,861,181
-
28 · Net assets with donor restrictions
beginning of year $214,072,351 · end of year $254,209,009
Mission and programs · 2024
Mission
THE COLLEGE HEIGHTS FOUNDATION PROVIDES ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS WHILE ADVANCING WESTERN KENTUCKY UNIVERSITY BY OFFERING FINANCIAL SUPPORT. THE CHF SERVES AS THE OFFICIAL REPOSITORY FOR PRIVATE GIFTS IN SUPPORT OF WKU AND IS COMMITTED TO SUPPORTING THE UNIVERSITY'S MISSION BY RECEIVING, INVESTING, STEWARDING, AND DISBURSING PRIVATE GIFTS IN ACCORDANCE WITH DONOR INTENT.
Activities or mission (Part I)
TO PROVIDE ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY THROUGH THE ADMINISTRATION OF SCHOLARSHIPS.
-
THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY UNIVERSITY.
Expenses $17,904,811 · Grants $8,549,863
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Amy Hale ChandlerAMY HALE CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gen E Daniel CherryGEN E DANIEL CHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alexander DowningALEXANDER DOWNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lydia DormanLYDIA DORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clarence GloverCLARENCE GLOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R Harvey Johnston IIIR HARVEY JOHNSTON III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc A LovellMARC A LOVELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim MartensJIM MARTENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry MartinJERRY MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deanna MillsDEANNA MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael L SimpsonMICHAEL L SIMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon VitaleSHANNON VITALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Garry WatkinsGARRY WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle WellsMICHELLE WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob YoungBOB YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy CaboniTIMOTHY CABONI
WKU PRESEIDENT (EX-OFFICIO
- Total calculated
- $687,176
- From this org
- $0
- From related orgs
- $625,702
- Other
- $61,474
- Hours/week
- 2 + 35.5 related
Schedule J breakdown matched by us
- Base
- $0 + $539,741 related
- Bonus
- $0
- Other
- $0 + $85,961 related
- Deferred
- $0 + $30,153 related
- Nontaxable benefits
- $0 + $31,321 related
- Filer's total
- $0 + $687,176 related
-
Jessica CarverJESSICA CARVER
VICE PRESIDENT
- Total calculated
- $137,442
- From this org
- $115,008
- From related orgs
- $0
- Other
- $22,434
- Hours/week
- 40
-
Donald SmithDONALD SMITH
PRESIDENT
- Total calculated
- $246,606
- From this org
- $217,476
- From related orgs
- $0
- Other
- $29,130
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $217,476
- Bonus
- $0
- Other
- $0
- Deferred
- $21,748
- Nontaxable benefits
- $7,382
- Filer's total
- $246,606
-
Cynthia WilkersonCYNTHIA WILKERSON
TREASURER
- Total calculated
- $228,387
- From this org
- $171,504
- From related orgs
- $0
- Other
- $56,883
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $171,504
- Bonus
- $0
- Other
- $0
- Deferred
- $45,950
- Nontaxable benefits
- $10,933
- Filer's total
- $228,387
-
Sue MillerSUE MILLER
SECRETARY (OUTGOING)
- Total calculated
- $6,215
- From this org
- $6,215
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Kara NeidellKARA NEIDELL
SECRETARY (INCOMING)
- Total calculated
- $83,269
- From this org
- $0
- From related orgs
- $59,004
- Other
- $24,265
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4B
- DR. TIMOTHY CABONI - $346,032
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
115(1) · EDUCATION · KY
-
501 · REAL ESTATE · KY
-
WESTERN KENTUCKY UNIVERSITY FOUNDATION
501(C)(3) · SUPPORT WESTERN KENTUCKY UNIVERSITY · KY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513079349303411
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