Skip to content
Nonprofiteer
← MARSHALL UNIVERSITY FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by MARSHALL UNIVERSITY FOUNDATION INCORPORATED.

Totals

Total revenue
$22,167,378
Total expenses
$50,037,003
Contributions and grants received
$17,609,125
Grants paid
$16,931,191
Program service revenue
$47,276
Investment income
$4,464,712
Other revenue
$46,265
Total assets, end of year
$343,852,369
Total liabilities, end of year
$49,639,035
Net assets or fund balances, end of year
$294,213,334
Program services expenses (Part IX)
$45,393,118
Management and general expenses
$2,870,332
Fundraising expenses
$1,773,553
Program service expenses (Part III)
$45,393,118

Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr Ronald G Area

    CEO

    Total calculated
    $326,425
    From this org
    $266,615
    From related orgs
    $0
    Other
    $59,810
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $266,615
    Bonus
    $0
    Other
    $0
    Deferred
    $23,191
    Nontaxable benefits
    $36,618
    Filer's total
    $326,424

  • Mr R Scott Anderson

    CFO

    Total calculated
    $177,918
    From this org
    $144,716
    From related orgs
    $0
    Other
    $33,202
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $144,716
    Bonus
    $0
    Other
    $0
    Deferred
    $8,990
    Nontaxable benefits
    $24,212
    Filer's total
    $177,918

  • Mr Joseph Allwood

    COO

    Total calculated
    $147,339
    From this org
    $127,291
    From related orgs
    $0
    Other
    $20,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,291
    Bonus
    $0
    Other
    $0
    Deferred
    $7,812
    Nontaxable benefits
    $12,236
    Filer's total
    $147,339

  • Mr Bernard Coston

    Second Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Mrs Nancy E Campbell

    Board Chair

    Total calculated
    $0
    Hours/week
    4

  • Mrs Carol J Hartley

    First Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Mr Leon K Oxley

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mr Floyd Harlow Jr

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Mrs Sharon Shaffer

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Mr Barry Burgess

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr William W Carter

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Mark A Chandler

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Ms Kathy Eddy

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ms Diane Ramy Faulconer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mrs Verna Gibson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mrs Monica Hatfield

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Robert Hess

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr William V Jackson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Rex W Johnson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Max Lederer

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mr Norman Mosrie

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Charles Neighborgall

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Charles W Pace

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Joseph Touma

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mr Danny Vance

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mr Steven Wellman

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mr John Jay White

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mr Marc Williams

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mrs A Sue Zemba

    Director

    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 · 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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Social club dues and a limited amount of spousal travel are part of the employment agreement with the CEO.
Schedule J, Part I, Line 3
CEO compensation and performance are reviewed annually by the Human Resources Committee using resources that include board surveys and a formal review.

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

  • Marshall University

    $45,393,118

    to support the students and university departments in their educational mission

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.

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.

  • Marshall Services Corporation

    C · Invest in joint venture for internationalization of campus · WV · 100% owned · controlled entity

    Directly controlled by The Marshall University Foundation Inc

Provenance

Return type
form_990
Tax year
2023
Filed
20 March 2025
IRS schema version
2023v6.0
Source object
202540799349300144

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.