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Nonprofiteer
← FOUNDATION FOR ENGINEERING AT KANSAS STATE UNIVERSITY

Form 990 for tax year 2022

Filed by FOUNDATION FOR ENGINEERING AT KANSAS STATE UNIVERSITY.

Totals

Total revenue
$813,307
Total expenses
$1,250,200
Contributions and grants received
$0
Grants paid
$1,250,200
Program service revenue
$0
Investment income
$813,307
Other revenue
$0
Total assets, end of year
$119,926,665
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$119,926,665
Program services expenses (Part IX)
$1,250,200
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,250,200

Program services were 100.0% 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.

  • 3 · Investment income

    total $19 · excluded $19

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,250,200

  • 7b · Less cost or other basis and sales expenses

    securities $436,912

  • 7c · Gain or loss

    securities $813,288

  • 7d · Net gain or loss

    total $813,288 · excluded $813,288

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,250,200 · program services $1,250,200

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,358 · end of year $1,377

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $131,902,750 · end of year $119,925,288

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    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 $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $131,904,108 · end of year $119,926,665

Mission and programs · 2022

Mission

TO SUPPORT EDUCATION MISSIONS OF THE KSU FOUNDATION AND KANSAS STATE UNIVERSITY BY PROVIDING FUNDING TO THE KSU CARL R. ICE COLLEGE OF ENGINEERING.

Activities or mission (Part I)

TO SUPPORT EDUCATIONAL MISSIONS OF THE KSU FOUNDATION AND KANSAS STATE UNIVERSITY BY PROVIDING FUNDING TO THE CARL R. ICE COLLEGE OF ENGINEERING AT K-STATE.

  • FUNDING SUPPORT FOR THE KSU CARL R. ICE COLLEGE OF ENGINEERING.

    Expenses $1,250,200 · Grants $1,250,200

As filed on the 2022 return.

Listed in Part VII

  • Greg Willems

    SECRETARY/TREASURER

    Total calculated
    $765,655
    From this org
    $0
    From related orgs
    $637,442
    Other
    $128,213
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,521 related
    Bonus
    $0 + $129,313 related
    Other
    $0 + $24,608 related
    Deferred
    $0 + $102,914 related
    Nontaxable benefits
    $0 + $25,299 related
    Filer's total
    $0 + $765,655 related

  • Lois Cox

    VP FOR INVESTMENTS/CIO

    Total calculated
    $695,790
    From this org
    $0
    From related orgs
    $631,612
    Other
    $64,178
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,546 related
    Bonus
    $0 + $315,000 related
    Other
    $0 + $1,066 related
    Deferred
    $0 + $32,227 related
    Nontaxable benefits
    $0 + $31,951 related
    Filer's total
    $0 + $695,790 related

  • Greg Lohrentz

    SR. VP OPERATIONS AND FINANCE

    Total calculated
    $488,463
    From this org
    $0
    From related orgs
    $421,208
    Other
    $67,255
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,308 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $13,900 related
    Deferred
    $0 + $37,304 related
    Nontaxable benefits
    $0 + $29,951 related
    Filer's total
    $0 + $488,463 related

  • Deborah Tuttle

    ASSOCIATE VP OF ACCOUNTING

    Total calculated
    $194,087
    From this org
    $0
    From related orgs
    $152,858
    Other
    $41,229
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,898 related
    Bonus
    $0
    Other
    $0 + $960 related
    Deferred
    $0 + $15,771 related
    Nontaxable benefits
    $0 + $25,458 related
    Filer's total
    $0 + $194,087 related

  • Christy Scott

    ASSOCIATE VP OF COMPLIANCE

    Total calculated
    $166,806
    From this org
    $0
    From related orgs
    $149,538
    Other
    $17,268
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,514 related
    Bonus
    $0 + $1,000 related
    Other
    $0 + $1,024 related
    Deferred
    $0 + $14,661 related
    Nontaxable benefits
    $0 + $2,607 related
    Filer's total
    $0 + $166,806 related

  • Jim Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Taylor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Helm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pete Simms

    BOARD MEMBER

    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. 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

  • 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)

FORM 990, PART VII & SCHEDULE J, PART II
ALL RELATED ORG COMPENSATION IS PAID BY KANSAS STATE UNIVERSITY FOUNDATION, A RELATED 501(C)(3) TAX EXEMPT ORGANIZATION. KANSAS STATE UNIVERSITY FOUNDATION USES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE CEO.
SCHEDULE J, PART I, LINE 4B
LOIS COX AND GREG WILLEMS PARTICIPATES IN A 457(F) PLAN WITH THE KANSAS STATE UNIVERSITY FOUNDATION, A RELATED 501(C)(3) TAX EXEMPT ORGANIZATION.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202440399349300614

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