Totals
- Total revenue
- $12,815,744
- Total expenses
- $6,752,177
- Contributions and grants received
- $5,441,720
- Grants paid
- $5,261,117
- Program service revenue
- $0
- Investment income
- $6,582,896
- Other revenue
- $791,128
- Total assets, end of year
- $91,976,128
- Total liabilities, end of year
- $12,577,591
- Net assets or fund balances, end of year
- $79,398,537
- Program services expenses (Part IX)
- $5,815,381
- Management and general expenses
- $775,505
- Fundraising expenses
- $161,291
- Program service expenses (Part III)
- $5,815,381
Program services were 86.1% 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.
-
1c · Fundraising events
$61,005
-
1f · All other contributions, gifts and grants
$5,380,715
-
1g · Noncash contributions included above
$802,241
-
3 · Investment income
total $1,254,052 · unrelated business -$9,913 · excluded $1,263,965
-
5 · Royalties
total $20,672 · excluded $20,672
-
7a · Gross sales of assets other than inventory
securities $22,262,561
-
7b · Less cost or other basis and sales expenses
securities $16,933,717
-
7c · Gain or loss
securities $5,328,844
-
7d · Net gain or loss
total $5,328,844 · excluded $5,328,844
-
8a · Fundraising events: gross income
$81,838
-
8a · Fundraising events: contributions included on line 1c
$61,005
-
8b · Fundraising events: direct expenses
$80,993
-
8c · Net income from fundraising events
total $845 · excluded $845
-
11a · Other revenue: ATHLETIC INCOME
total $386,234 · related or exempt $386,234
-
11b · Other revenue: MSU EVENTS
total $373,214 · related or exempt $373,214
-
11c · Other revenue: UNDERWRITING
total $10,163 · related or exempt $10,163
-
11e · Other revenue, total
$769,611
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,311,340 · program services $4,311,340
-
2 · Grants to domestic individuals
total $949,777 · program services $949,777
-
7 · Other salaries and wages
total $38,281 · management and general $38,281
-
10 · Payroll taxes
total $3,171 · management and general $3,171
-
11b · Fees: legal
total $10,192 · management and general $10,192
-
11c · Fees: accounting
total $26,741 · management and general $26,741
-
11f · Fees: investment management
total $274,071 · management and general $274,071
-
17 · Travel
total $120,959 · program services $120,959
-
22 · Depreciation, depletion and amortization
total $16,675 · program services $16,675
-
23 · Insurance
total $10,749 · program services $1,678 · management and general $9,071
-
24a · Other expenses: INCOME TAXES
total $201,265 · management and general $201,265
-
24b · Other expenses: PROGRAM EXPENSE & SUPPO
total $314,351 · program services $314,351
-
24c · Other expenses: SOFTWARE AND MAINTENANC
total $169,514 · management and general $169,514
-
24d · Other expenses: SPECIAL EVENTS CULTIVAT
total $161,291 · fundraising $161,291
-
24e · All other expenses
total $143,800 · program services $100,601 · management and general $43,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $580,658 · end of year $333,315
-
2 · Savings and temporary cash investments
beginning of year $180,745 · end of year $950,367
-
3 · Pledges and grants receivable
beginning of year $5,535,402 · end of year $5,937,247
-
4 · Accounts receivable
beginning of year $8,990 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,016,031
-
10b · Land, buildings and equipment: accumulated depreciation
$193,118
-
10c · Land, buildings and equipment, net
beginning of year $1,531,442 · end of year $822,913
-
11 · Investments: publicly traded securities
beginning of year $20,740,316 · end of year $9,968,076
-
12 · Investments: other securities
beginning of year $56,447,545 · end of year $73,964,210
-
17 · Accounts payable and accrued expenses
beginning of year $86,628 · end of year $8,176
-
25 · Other liabilities
beginning of year $13,123,309 · end of year $12,569,415
-
27 · Net assets without donor restrictions
beginning of year -$2,644,968 · end of year -$1,088,760
-
28 · Net assets with donor restrictions
beginning of year $74,460,129 · end of year $80,487,297
Mission and programs · 2024
Mission
TO PROVIDE MARGIN OF EXCELLENCE OPPORTUNITY FUNDING TO MOREHEAD STATE UNIVERSITY IN AN EFFORT TO ASSIST MSU IN REACHING ITS ESTABLISHED GOALS. THE MISSION OF MOREHEAD FOUNDATION IS TO PRUDENTLY ADMINISTER ALL ASSETS OF THE FOUNDATION AND/OR MOREHEAD STATE UNIVERSITY AS PROVIDED BY FEDERAL AND STATE LAW AND REGULATION AND THROUGH FIDUCIARY RESPONSIBILITY BETWEEN THE UNIVERSITY AND THE FOUNDATION, TO PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH OR AT THE REQUEST OF THE UNIVERSITY BY ENCOURAGING, SPONSORING AND SUPPORTING INSTITUTIONAL PRIORITIES, TO PROVIDE ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT AND THE BOARD OF REGENTS OF MOREHEAD STATE UNIVERSITY, AND TO PROVIDE VOLUNTEER LEADERSHIP TO MOREHEAD STATE UNIVERSITY'S FUND RAISING PROGRAMS AND TO ASSIST OTHER INSTITUTIONAL ADVANCEMENT EFFORTS.
Activities or mission (Part I)
SUPPORT OF MOREHEAD STATE UNIVERSITY THROUGH FUNDRAISING AND ADMINISTRATIVE SUPPORT
-
GENERAL FUND - PROVIDED ASSISTANCE TO THE VARIOUS ACADEMIC PROGRAMS AT MOREHEAD STATE UNIVERSITY.
Expenses $3,381,190 · Grants $3,381,190 · Revenue $383,377
-
SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY.
Expenses $949,777 · Grants $949,777
-
EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY.
Expenses $946,107 · Grants $930,150 · Revenue $386,234
-
ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS.
Expenses $538,307
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mr Rick HesterbergMR RICK HESTERBERG
FOUNDATION, CEO (PARTIAL YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Ms Allison CaudillMS ALLISON CAUDILL
FOUNDATION, CEO (PARTIAL YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Perry AllenMR PERRY ALLEN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andrew JonesMR ANDREW JONES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ronald CarteeMR RONALD CARTEE
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Mr John MerchantMR JOHN MERCHANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Andre PrefontaineMR ANDRE PREFONTAINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Brian McBrayerMR BRIAN MCBRAYER
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Ms Janice TowlesMS JANICE TOWLES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr James JenningsMR JAMES JENNINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Peggy OsborneMS PEGGY OSBORNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Barbara IsonMS BARBARA ISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Brett TraverMR BRETT TRAVER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jon HarvilleMR JON HARVILLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Heather ThompsonMS HEATHER THOMPSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Kevin JohnsMR KEVIN JOHNS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Kimberly Hayes TaylorMS KIMBERLY HAYES TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Brandon FraleyMR BRANDON FRALEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Daniel McGowanMR DANIEL MCGOWAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bernie McKayMR BERNIE MCKAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Todd PhillipsMR TODD PHILLIPS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Terri WaltersMS TERRI WALTERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Colleen PayneMS COLLEEN PAYNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Bob AlbertMR BOB ALBERT
TRUSTEE (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ronald CooperMR RONALD COOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Joseph GillmanMR JOSEPH GILLMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Wayne GranisMR WAYNE GRANIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ms Karen KellyMS KAREN KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mr Ed StrosniderMR ED STROSNIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
MOREHEAD STATE UNIVERSITY
$4,311,340
SUPPORT OF THE UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533149349303863
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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