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Nonprofiteer
← KETTERING UNIVERSITY

Form 990 for tax year 2022

Filed by KETTERING UNIVERSITY.

Totals

Total revenue
$104,251,884
Total expenses
$106,189,826
Contributions and grants received
$17,074,517
Grants paid
$40,708,175
Program service revenue
$83,484,573
Investment income
$3,596,539
Other revenue
$96,255
Total assets, end of year
$275,349,532
Total liabilities, end of year
$46,880,152
Net assets or fund balances, end of year
$228,469,380
Program services expenses (Part IX)
$96,433,026
Management and general expenses
$7,514,187
Fundraising expenses
$2,242,613
Program service expenses (Part III)
$96,433,026

Program services were 90.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERT K MCMAHAN

    PRESIDENT

    Total calculated
    $937,565
    From this org
    $743,819
    From related orgs
    $0
    Other
    $193,746
    Hours/week
    80

    Schedule J breakdown matched by us

    Base
    $582,225
    Bonus
    $100,000
    Other
    $61,594
    Deferred
    $127,450
    Nontaxable benefits
    $66,296
    Filer's total
    $937,565

  • JAMES ZHANG

    PROVOST

    Total calculated
    $361,475
    From this org
    $313,941
    From related orgs
    $0
    Other
    $47,534
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $280,319
    Bonus
    $30,000
    Other
    $3,622
    Deferred
    $26,038
    Nontaxable benefits
    $21,496
    Filer's total
    $361,475

  • THOMAS AYERS

    TREASURER

    Total calculated
    $346,968
    From this org
    $302,814
    From related orgs
    $0
    Other
    $44,154
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $266,885
    Bonus
    $30,000
    Other
    $5,929
    Deferred
    $24,667
    Nontaxable benefits
    $19,487
    Filer's total
    $346,968

  • TRACIE JONES

    VP ENROLLMENT & CO-OP SERVICES

    Total calculated
    $234,006
    From this org
    $210,223
    From related orgs
    $0
    Other
    $23,783
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $208,039
    Bonus
    $0
    Other
    $2,184
    Deferred
    $18,985
    Nontaxable benefits
    $4,798
    Filer's total
    $234,006

  • KATHRYN SVINARICH

    ASSOCIATE PROVOST

    Total calculated
    $226,757
    From this org
    $205,900
    From related orgs
    $0
    Other
    $20,857
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $202,324
    Bonus
    $0
    Other
    $3,576
    Deferred
    $18,272
    Nontaxable benefits
    $2,585
    Filer's total
    $226,757

  • CHRISTINE WALLACE

    VP. KETTERING GLOBAL

    Total calculated
    $222,334
    From this org
    $183,877
    From related orgs
    $0
    Other
    $38,457
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $178,402
    Bonus
    $0
    Other
    $5,475
    Deferred
    $16,902
    Nontaxable benefits
    $21,555
    Filer's total
    $222,334

  • SCOTT GRASMAN

    INTERIM DEAN OF COLLEGE OF ENG

    Total calculated
    $217,873
    From this org
    $177,784
    From related orgs
    $0
    Other
    $40,089
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $176,570
    Bonus
    $0
    Other
    $1,214
    Deferred
    $15,552
    Nontaxable benefits
    $24,537
    Filer's total
    $217,873

  • DONALD ROCKWELL

    UNIVERSITY COUNSEL

    Total calculated
    $193,909
    From this org
    $166,826
    From related orgs
    $0
    Other
    $27,083
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $164,189
    Bonus
    $0
    Other
    $2,637
    Deferred
    $14,188
    Nontaxable benefits
    $12,895
    Filer's total
    $193,909

  • MICHAEL FARMER

    DEPT HEAD COMPUTER SCIENCE

    Total calculated
    $192,755
    From this org
    $150,049
    From related orgs
    $0
    Other
    $42,706
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $148,162
    Bonus
    $0
    Other
    $1,887
    Deferred
    $13,065
    Nontaxable benefits
    $29,641
    Filer's total
    $192,755

  • LB MCCUNE

    VP STUDENT AFFAIRS

    Total calculated
    $185,578
    From this org
    $158,243
    From related orgs
    $0
    Other
    $27,335
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $137,938
    Bonus
    $15,000
    Other
    $5,305
    Deferred
    $12,791
    Nontaxable benefits
    $14,544
    Filer's total
    $185,578

  • CRAIG HOFF

    DEAN OF COLLEGE OF ENGINEERING

    Total calculated
    $184,333
    From this org
    $147,091
    From related orgs
    $0
    Other
    $37,242
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $144,670
    Bonus
    $0
    Other
    $2,421
    Deferred
    $14,007
    Nontaxable benefits
    $23,235
    Filer's total
    $184,333

  • BASSEM RAMADAN

    DEPT. HEAD-MECHANICAL ENGINEER

    Total calculated
    $175,444
    From this org
    $154,440
    From related orgs
    $0
    Other
    $21,004
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $152,418
    Bonus
    $0
    Other
    $2,022
    Deferred
    $13,823
    Nontaxable benefits
    $7,181
    Filer's total
    $175,444

  • JANE HOMSHER

    SPECIAL ASST. TO THE PRESIDENT

    Total calculated
    $175,033
    From this org
    $152,480
    From related orgs
    $0
    Other
    $22,553
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $148,659
    Bonus
    $0
    Other
    $3,821
    Deferred
    $13,715
    Nontaxable benefits
    $8,838
    Filer's total
    $175,033

  • CARLA J BAILO

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • GERALD JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • NORMAN J SZYDLOWSKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DIANA D TREMBLAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRUCE D COVENTRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLES F KETTERING III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLES GRAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID KAZYAK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DAVID S HOYTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GARY L COWGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HENIO R ARCANGELI JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JACQUELINE A DEDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JANE E BOON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY J OWENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JESSE M LOPEZ

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JOHN W MOYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LIZABETH A ARDISANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • MACHELLE A MCADORY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE SORGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • PHILLIP C DUTCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RAJ NAIR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RAYMOND E SCOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WALTER G BORST

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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)

SCHEDULE J, PART I, LINE 1A
RESIDENCE IS PROVIDED TO THE PRESIDENT IN WHICH HE IS REQUIRED BY THE BOARD OF TRUSTEES TO RESIDE AS A CONDITION OF EMPLOYMENT.
Schedule J, Part I, Line 4
President McMahan participates in a deferred compensation plan, upon which payment is contingent on meeting contractual conditions authorized by the Board of Trustees. DURING THE YEAR ENDED 6/30/2023, CONTRIBUTIONS TO THE PLAN WERE $100,000. This deferred compensation is reported on Schedule J Part II line 1 column C.
Schedule J, Part I, Line 7
Performance bonuses paid to employees listed in Schedule J, Part II, Column B(ii).
Schedule J, Part II
Amount shown in performance-based bonus paid to President Robert K. McMahan as solely determined by the Board of Trustees.
Schedule J, Part II, Line 1, Column D
$36,151 the estimated value of the President's house in which the President is required by the Board of Trustees to reside as a condition of employment and is required to be reported as a non-taxable benefit on this schedule.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    TRUST · TRUST · MI · controlled entity

    Directly controlled by KETTERING

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441359349310734

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