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Nonprofiteer
← FOUNDATION FOR ENGINEERING AT KANSAS STATE UNIVERSITY

Form 990 for tax year 2023

Filed by FOUNDATION FOR ENGINEERING AT KANSAS STATE UNIVERSITY.

Totals

Total revenue
$929,378
Total expenses
$1,500,712
Contributions and grants received
$0
Grants paid
$1,500,712
Program service revenue
$0
Investment income
$929,378
Other revenue
$0
Total assets, end of year
$132,485,532
Total liabilities, end of year
$750,356
Net assets or fund balances, end of year
$131,735,176
Program services expenses (Part IX)
$1,500,712
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,500,712

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.

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $38 · excluded $38

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,500,712

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

    securities $571,372

  • 7c · Gain or loss

    securities $929,340 · other assets $0

  • 7d · Net gain or loss

    total $929,340 · excluded $929,340

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500,712 · program services $1,500,712

  • 11g · Fees: other

    total $0 · program services $0 · 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.

  • 2 · Savings and temporary cash investments

    beginning of year $1,377 · end of year $751,772

  • 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 $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $119,925,288 · end of year $131,733,760

  • 13 · Investments: program-related

    beginning 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 $750,356

  • 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

  • 28 · Net assets with donor restrictions

    beginning of year $119,926,665 · end of year $131,735,176

Mission and programs · 2023

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 $1,500,712 · Grants $1,500,712

As filed on the 2023 return.

Listed in Part VII

  • Gabe Hernandez

    VICE PRESIDENT, BD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Greg Willems

    SECRETARY/TREASURER, BD OF DIRECTORS

    Total calculated
    $793,225
    From this org
    $0
    From related orgs
    $714,700
    Other
    $78,525
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $508,702 related
    Bonus
    $0 + $180,070 related
    Other
    $0 + $25,928 related
    Deferred
    $0 + $51,462 related
    Nontaxable benefits
    $0 + $27,063 related
    Filer's total
    $0 + $793,225 related

  • Jim Johnson

    Vice President, BD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Taylor

    PRESIDENT, BD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mark Helm

    BD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Pete Simms

    BD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Christy Scott

    ASSOCIATE VP OF COMPLIANCE

    Total calculated
    $173,041
    From this org
    $0
    From related orgs
    $155,030
    Other
    $18,011
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,306 related
    Bonus
    $0
    Other
    $0 + $724 related
    Deferred
    $0 + $15,342 related
    Nontaxable benefits
    $0 + $2,669 related
    Filer's total
    $0 + $173,041 related

  • Deborah Tuttle

    ASSOCIATE VP OF ACCOUNTING

    Total calculated
    $204,706
    From this org
    $0
    From related orgs
    $160,030
    Other
    $44,676
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,934 related
    Bonus
    $0
    Other
    $0 + $1,096 related
    Deferred
    $0 + $16,540 related
    Nontaxable benefits
    $0 + $28,136 related
    Filer's total
    $0 + $204,706 related

  • Greg Lohrentz

    SR. VP OPERATIONS AND FINANCE

    Total calculated
    $519,385
    From this org
    $0
    From related orgs
    $446,764
    Other
    $72,621
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,969 related
    Bonus
    $0 + $34,000 related
    Other
    $0 + $12,795 related
    Deferred
    $0 + $40,000 related
    Nontaxable benefits
    $0 + $32,621 related
    Filer's total
    $0 + $519,385 related

  • Lois Cox

    VP For Investments/CIO UNTIL 9/14/2023

    Total calculated
    $670,366
    From this org
    $0
    From related orgs
    $609,584
    Other
    $60,782
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,157 related
    Bonus
    $0 + $330,750 related
    Other
    $0 + $677 related
    Deferred
    $0 + $28,702 related
    Nontaxable benefits
    $0 + $32,080 related
    Filer's total
    $0 + $670,366 related

  • Paul Chai

    AVP FOR INVESTMENTS/CIO

    Total calculated
    $473,342
    From this org
    $0
    From related orgs
    $416,284
    Other
    $57,058
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,904 related
    Bonus
    $0 + $187,200 related
    Other
    $0 + $180 related
    Deferred
    $0 + $23,538 related
    Nontaxable benefits
    $0 + $33,520 related
    Filer's total
    $0 + $473,342 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

  • 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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
GREG WILLEMS PARTICIPATES IN A 457(F) PLAN WITH THE KANSAS STATE UNIVERSITY FOUNDATION, A RELATED 501(C)(3) TAX EXEMPT ORGANIZATION.
Schedule J, Part II & FORM 990, PART VII
KANSAS STATE UNIVERSITY FOUNDATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATION, WRITTEN EMPLOYEMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE IN ESTABLISHING THE COMPENSATION OF THE CEO.

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.

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.

  • CHARITABLE REMAINDER TRUST (75)

    CHARITABLE TRUST · KS · controlled entity

    Directly controlled by NA

  • THE 1880 KIMBALL OFFICE CONDOMINIUM ASSOCIATION

    C Corporation · CONDOMINIUM ASSOCIATION · KS · controlled entity

    Directly controlled by NA

  • THE 1800 KIMBALL OFFICE CONDOMINIUM ASSOCIATION

    C Corporation · CONDOMINIUM ASSOCIATION · KS · controlled entity

    Directly controlled by NA

  • DUDREY CATTLE CO INC

    C Corporation · AGRICULTURE · KS · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202510649349300021

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