Form 990 for tax year 2022
Filed by KANSAS UNIVERSITY ENDOWMENT ASSOC.
Totals
- Total revenue
- $302,294,908
- Total expenses
- $236,231,478
- Contributions and grants received
- $215,860,728
- Grants paid
- $204,435,268
- Program service revenue
- $1,904,373
- Investment income
- $81,420,227
- Other revenue
- $3,109,580
- Total assets, end of year
- $2,866,140,776
- Total liabilities, end of year
- $134,834,585
- Net assets or fund balances, end of year
- $2,731,306,191
- Program services expenses (Part IX)
- $204,435,268
- Management and general expenses
- $17,973,927
- Fundraising expenses
- $13,822,283
- Program service expenses (Part III)
- $204,435,268
Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
D JEROME DAVIES
Secretary/EVP Development (ENDING MAY 2023)
- Total calculated
- $518,361
- From this org
- $367,584
- From related orgs
- $0
- Other
- $150,777
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $317,584
- Bonus
- $50,000
- Other
- $0
- Deferred
- $134,185
- Nontaxable benefits
- $16,592
- Filer's total
- $518,361
-
DALE W SEUFERLING
PRESIDENT (ENDING AUG 2022)
- Total calculated
- $2,941,986
- From this org
- $2,268,737
- From related orgs
- $0
- Other
- $673,249
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $470,528
- Bonus
- $0
- Other
- $1,798,209
- Deferred
- $663,912
- Nontaxable benefits
- $9,337
- Filer's total
- $2,941,986
-
DANIEL J MARTIN
PRESIDENT (STARTING AUG 2022)
- Total calculated
- $211,977
- From this org
- $201,994
- From related orgs
- $0
- Other
- $9,983
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $201,994
- Bonus
- $0
- Other
- $0
- Deferred
- $4,643
- Nontaxable benefits
- $5,340
- Filer's total
- $211,977
-
JAMES G CLARKE
Treasurer/SVP Investments
- Total calculated
- $848,155
- From this org
- $730,861
- From related orgs
- $0
- Other
- $117,294
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $363,051
- Bonus
- $367,810
- Other
- $0
- Deferred
- $116,481
- Nontaxable benefits
- $813
- Filer's total
- $848,155
-
LYDIA I BEEBE
Chair (Sept '22), Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
TODD L SUTHERLAND
Vice Chair (Sept '22), Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
DANA VALDOIS HENSLEY
Exec Committee-Volunteer (Starting Sept 2022)
- Total calculated
- $0
- Hours/week
- 4
-
DAVID B DILLON
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
DEANELL REECE TACHA
Exec Committee-Volunteer (Ending Sept 2022)
- Total calculated
- $0
- Hours/week
- 4
-
HOWARD E COHEN
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
JANET MARTIN MCKINNEY
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
JAY HOWARD
Exec Committee-Volunteer (Starting Sept 2022)
- Total calculated
- $0
- Hours/week
- 4
-
JILL DOCKING
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
JOHN B DICUS
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
KURT D WATSON
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4 + 0.1 related
-
LINDA ELLIS SIMS
Exec Committee-Volunteer (Ending Sept 2022)
- Total calculated
- $0
- Hours/week
- 4 + 0.1 related
-
RAMON MURGUIA
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
STEVE SLOAN
Executive Committee-Volunteer
- Total calculated
- $0
- Hours/week
- 4
-
ALLISON LONG
SECRETARY (JUN '23)/SVP ADMIN & COO (JUL '22)
- Total calculated
- $337,855
- From this org
- $244,475
- From related orgs
- $0
- Other
- $93,380
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $244,475
- Bonus
- $0
- Other
- $0
- Deferred
- $92,162
- Nontaxable benefits
- $1,218
- Filer's total
- $337,855
-
REBECCA L BLAESING
VP Medical Development
- Total calculated
- $261,544
- From this org
- $228,282
- From related orgs
- $0
- Other
- $33,262
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,282
- Bonus
- $0
- Other
- $0
- Deferred
- $32,564
- Nontaxable benefits
- $698
- Filer's total
- $261,544
-
JAMES R MECHLER
Assoc SVP Development
- Total calculated
- $298,402
- From this org
- $227,577
- From related orgs
- $0
- Other
- $70,825
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,577
- Bonus
- $0
- Other
- $0
- Deferred
- $54,362
- Nontaxable benefits
- $16,463
- Filer's total
- $298,402
-
KRISTEN TONER
AVP, DEVELOPMENT
- Total calculated
- $262,737
- From this org
- $215,464
- From related orgs
- $0
- Other
- $47,273
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,464
- Bonus
- $0
- Other
- $0
- Deferred
- $34,483
- Nontaxable benefits
- $12,790
- Filer's total
- $262,737
-
MARK WILSON
Vice President, Development Operations
- Total calculated
- $270,626
- From this org
- $210,204
- From related orgs
- $0
- Other
- $60,422
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,204
- Bonus
- $0
- Other
- $0
- Deferred
- $52,217
- Nontaxable benefits
- $8,205
- Filer's total
- $270,626
-
RYAN TONER
DIRECTOR OF INVESTMENTS
- Total calculated
- $253,979
- From this org
- $205,067
- From related orgs
- $0
- Other
- $48,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,801
- Bonus
- $54,266
- Other
- $0
- Deferred
- $41,343
- Nontaxable benefits
- $7,569
- Filer's total
- $253,979
-
STACY NUSS
VP Investments & Asst Treasurer
- Total calculated
- $449,579
- From this org
- $323,205
- From related orgs
- $0
- Other
- $126,374
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $207,307
- Bonus
- $115,898
- Other
- $0
- Deferred
- $125,731
- Nontaxable benefits
- $643
- Filer's total
- $449,579
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 · Travel for companions
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Travel for companions
- Regarding travel for companions, KU Endowment's written guidelines are as follows, "for spouse expenses to be reimbursable, the expense must be required by your supervisor and it is expected that the event in which your spouse is included will include spouses of guests, and both requirements should be stated on the reimbursement request." In keeping with this policy, travel expenses are reimbursed, and not treated as compensation, for a spouse to accompany an officer to assist in a volunteer capacity with donor development at several events, which also required attendance by the officer.
- Schedule J, Part I, Line 1a Health or social club dues or initiation fees
- Country club dues were paid on behalf of two officers and two highly compensated employee to promote fundraising efforts. These amounts are treated as compensation to these employees.
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- The Nonqualified Retirement Plan for Employees of the Kansas University Endowment Association (the "Nonqualified Plan'), is a supplemental nonqualified retirement plan described in Internal Revenue Code section 457(f) that provides benefits in excess of the limits imposed by Internal Revenue Code sections 401(a)(17) and 415 under The Kansas University Endowment Association's qualified retirement plan. A participant's Nonqualified Plan benefit vests on the earlier of the participant's attainment of age 65 or termination of employment without cause, and the benefit is paid in a lump sum within 60 days following the participant's termination of employment. During the year, three executive officers participated in the Nonqualified Plan and had deferred benefits reported in Sch. J, Part II, column C in the amounts of $359,978 for Dale Seuferling, $81,105 for James G. Clarke, and $64,793 for D. Jerome Davies. The amount reported for Dale Seuferling is column (F) is included in B(iii) as other reportable compensation. This amount is a payout of the nonqualified retirement plan and was included in column (C) of previously filed Forms 990. Stacy Nuss became newly vested and had deferred benefits reported in the amount of $11,743.
- Schedule J, Part I, Line 7 Non-fixed payments
- ONE OFFICER AND ONE "HIGHEST COMPENSATED EMPLOYEE" RECEIVED BONUS PAYMENTS THAT RESULTED FROM AN INCENTIVE COMPENSATION PLAN. ONE OFFICER RECEIVED A BONUS PAYMENT FOR EXEMPLARY SERVICE DURING THE YEAR. KU ENDOWMENT PROVIDES AN ANNUAL REVIEW OF ALL EMPLOYEE'S COMPENSATION AND THE BONUS PAYMENTS WERE APPROVED BY THE EXECUTIVE STAFF COMPENSATION COMMITTEE, AND THAT, WHEN COMBINED WITH EACH EMPLOYEES' REGULAR COMPENSATION, IS WITHIN THE BENCHMARK RANGE OF COMPARABLE SALARIES FOR EACH POSITION WITHIN KU ENDOWMENT'S MARKET PEERS.
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
-
$171,003,195
STUDENT SCHOLARSHIPS AND FELLOWSHIPS, STUDENT AND FACULTY AWARDS AND PRIZES, FACULTY AND STAFF SALARY SUPPORT, GENERAL PROGRAM AND EDUCATIONAL SUPPORT, AND FACILITIES SUPPORT FOR THE UNIVERSITY OF KANSAS AND ITS CONTROLLED ORGANIZATIONS.
-
THE KANSAS UNIVERSITY ALUMNI ASSOCIATION
$20,282,855
GENERAL SUPPORT TO FURTHER THE MISSION OF THE ALUMNI ASSOCIATION TO INFORM, ENGAGE, AND MOBILIZE THE KU COMMUNITY.
-
THE UNIVERSITY OF KANSAS HOSPITAL AUTHORITY
$12,675,759
SALARY AND FACILITY SUPPORT FOR THE UNIVERSITY OF KANSAS HEALTH SYSTEMS.
-
$473,459
SCHOLARSHIP SUPPORT FOR STUDENTS AT THE UNIVERSITY OF KANSAS FROM GROUPS WHO HAVE HISTORICALLY BEEN UNDERREPRESENTED.
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.
-
The KU Endowment Charitable Gift Fund
501(c)(3) · Support for KU Endowment and 501(c)(3)'s named in governing document. · KS · controlled entity
Directly controlled by The Kansas University Endowment Association
-
Leon Karelitz Charitable Trust
501(c)(3) · Support for KU Endowment pursuant to governing document. · KS · controlled entity
Directly controlled by The Kansas University Endowment Association
-
Virgil and Pauline Brown Memorial Trust
501(c)(3) · Support for KU Endowment pursuant to governing document. · KS · controlled entity
Directly controlled by The Kansas University Endowment Association
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Rental Real Estate · KS · income $76,180 · assets $1,408,179
Directly controlled by The Kansas University Endowment Association
-
Rental Real Estate · KS · income $202,624 · assets $1,382,041
Directly controlled by The Kansas University Endowment Association
-
Rental Real Estate · KS · income $60,857 · assets $2,737,362
Directly controlled by The Kansas University Endowment Association
-
Rental Real Estate · KS · income $2,280 · assets $604,866
Directly controlled by The Kansas University Endowment Association
-
Rental Real Estate · KS · income $0 · assets $2,658,790
Directly controlled by The Kansas University Endowment Association
-
WEST DISTRICT IMPROVEMENT COMPANY LLC
RENTAL REAL ESTATE · KS · income $0 · assets $13,201,082
Directly controlled by THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION
-
RENTAL REAL ESTATE · KS · income $28,283 · assets $3,267,197
Directly controlled by THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION
-
RENTAL REAL ESTATE · KS · income $0 · assets $3,866,667
Directly controlled by THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION
-
RENTAL REAL ESTATE · KS · income $0 · assets $1,589,281
Directly controlled by THE KANSAS UNIVERSITY ENDOWMENT ASSOCIATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Trusts (43)
Trust · Split interest trusts providing support to KU Endowment · KS
Directly controlled by NA
-
Charitable Remainder Trusts (4)
Trust · Split Interest Trusts providing support to KU Endowment · MO
Directly controlled by NA
-
Charitable Remainder Trusts (3)
Trust · Split interest trusts providing support to KU Endowment · TX
Directly controlled by NA
-
Agnes Lauretta McClair Testamentary Trust
Trust · Sec. 4947(A)(1) nonexempt charitable trust supporting KU Endowment · KS · 100% owned · share of income -$24,808 · share of assets $932,657
Directly controlled by NA
-
Trust · Sec. 4947(A)(1) nonexempt charitable trust supporting KU Endowment · KS · 100% owned · share of income $60,925 · share of assets $319,031
Directly controlled by NA
-
Lorraine M Love Charitable Remainder Unitrust
Trust · Sec. 4947(A)(1) nonexempt charitable trust supporting KU Endowment · KS · 100% owned · share of income $2,492 · share of assets $87,596
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349305008
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