Skip to content
Nonprofiteer
← Western Kentucky University Research Foundation Inc

Form 990 for tax year 2024

Filed by Western Kentucky University Research Foundation Inc.

Totals

Total revenue
$307,047
Total expenses
$957,617
Contributions and grants received
$4,901
Grants paid
$919,237
Program service revenue
$117,206
Investment income
$0
Other revenue
$184,940
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$920,973
Management and general expenses
$36,644
Fundraising expenses
$0
Program service expenses (Part III)
$920,973

Program services were 96.2% 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

    $4,901

  • 2a · Program service revenue: ADMINISTRATION FEES

    total $117,206 · related or exempt $117,206

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $178,108 · excluded $178,108

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Insurance refunds

    total $6,832 · related or exempt $6,832

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $6,832

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $919,237 · program services $919,237

  • 11b · Fees: legal

    total $30,410 · management and general $30,410

  • 11c · Fees: accounting

    total $6,234 · management and general $6,234

  • 11g · Fees: other

    total $1,736 · program services $1,736 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $483,804 · end of year $0

  • 4 · Accounts receivable

    beginning of year $97,511 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $69,255 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $259,873 · end of year $0

  • 18 · Grants payable

    beginning of year $259,873 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $650,570 · end of year $0

Mission and programs · 2024

Mission

The mission of the WKURF is to promote scholarly research and to serve as Western Kentucky University's agent in the receipt of intellectual property income, and in the protection, development, and commercialization of intellectual properties.

Activities or mission (Part I)

THE MISSION OF THE WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. IS TO PROMOTE SCHOLARLY RESEARCH AND TO SERVE AS WESTERN KENTUCKY UNIVERSITY'S AGENT IN THE RECEIPT OF INTELLECTUAL PROPERTY INCOME, AND IN THE PROTECTION, DEVELOPMENT, AND COMMERCIALIZATION OF INTELLECTUAL PROPERTIES.

  • THE MISSION OF THE WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. IS TO PROMOTE SCHOLARLY RESEARCH AND TO SERVE AS WESTERN KENTUCKY UNIVERSITY'S AGENT IN THE RECEIPT OF INTELLECTUAL PROPERTY INCOME, AND IN THE PROTECTION, DEVELOPMENT, AND COMMERCIALIZATION OF INTELLECTUAL PROPERTIES.

    Expenses $920,973 · Grants $919,237 · Revenue $124,038

As filed on the 2024 return.

Listed in Part VII

  • Laura Hagan

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Michael Cowles

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Jeff Hook

    Director

    Total calculated
    $166,174
    From this org
    $0
    From related orgs
    $122,346
    Other
    $43,828
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,346 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,972 related
    Nontaxable benefits
    $0 + $22,856 related
    Filer's total
    $0 + $166,174 related

  • Michael Minter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Bunch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vijay Kamenini

    Director

    Total calculated
    $0
    Hours/week
    1

  • Whitney Peake

    Director

    Total calculated
    $273,733
    From this org
    $0
    From related orgs
    $215,124
    Other
    $58,609
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,124 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,230 related
    Nontaxable benefits
    $0 + $23,379 related
    Filer's total
    $0 + $273,733 related

  • Henry Steen

    President

    Total calculated
    $186,508
    From this org
    $0
    From related orgs
    $150,048
    Other
    $36,460
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,048 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,144 related
    Nontaxable benefits
    $0 + $12,316 related
    Filer's total
    $0 + $186,508 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

2 distributions to recipients named as people, $919,237 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2024
Filed
3 February 2026
IRS schema version
2024v5.1
Source object
202610349349300431

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.