Form 990 for tax year 2023
Filed by KANSAS STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $265,184,453
- Total expenses
- $160,469,150
- Contributions and grants received
- $119,417,140
- Grants paid
- $94,468,571
- Program service revenue
- $25,332,482
- Investment income
- $114,706,136
- Other revenue
- $5,728,695
- Total assets, end of year
- $1,411,803,863
- Total liabilities, end of year
- $110,907,030
- Net assets or fund balances, end of year
- $1,300,896,833
- Program services expenses (Part IX)
- $114,342,829
- Management and general expenses
- $29,731,263
- Fundraising expenses
- $16,395,058
- Program service expenses (Part III)
- $114,342,829
Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
CHARLENE LAKE
CHAIR, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
LEANN CARET
TREASURER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
STEVE THEEDE
VICE-CHAIR, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TIM TAYLOR
SECRETARY, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
CHANCY LOVE
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
CHUCK WARTA
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
DAMON HININGER
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
DAVID EVERITT
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GABE HERNANDEZ
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
JIM JOHNSON
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOHN BUSER
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
JP BILBREY
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
MARK GARDINER
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
MARY VANIER
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAY DEMPSEY
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
SABRINA SCHRINER
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
SUE BARSAMIAN
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
TIM OSWALT
MEMBER, BD OF DIRECTORS
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTY SCOTT
AVP OF COMPLIANCE SERVICES
- Total calculated
- $173,041
- From this org
- $155,030
- From related orgs
- $0
- Other
- $18,011
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $154,306
- Bonus
- $0
- Other
- $724
- Deferred
- $15,342
- Nontaxable benefits
- $2,669
- Filer's total
- $173,041
-
DEBORAH TUTTLE
AVP FINANCE & ACCT, CONTROLLER
- Total calculated
- $204,706
- From this org
- $160,030
- From related orgs
- $0
- Other
- $44,676
- Hours/week
- 45 + 2 related
Schedule J breakdown matched by us
- Base
- $158,934
- Bonus
- $0
- Other
- $1,096
- Deferred
- $16,540
- Nontaxable benefits
- $28,136
- Filer's total
- $204,706
-
GREG LOHRENTZ
SR VP OPERATIONS AND FINANCE
- Total calculated
- $519,385
- From this org
- $446,764
- From related orgs
- $0
- Other
- $72,621
- Hours/week
- 45 + 2 related
Schedule J breakdown matched by us
- Base
- $399,969
- Bonus
- $34,000
- Other
- $12,795
- Deferred
- $40,000
- Nontaxable benefits
- $32,621
- Filer's total
- $519,385
-
GREG WILLEMS
PRESIDENT/CEO
- Total calculated
- $863,360
- From this org
- $714,700
- From related orgs
- $0
- Other
- $148,660
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $433,246
- Bonus
- $180,070
- Other
- $101,384
- Deferred
- $121,597
- Nontaxable benefits
- $27,063
- Filer's total
- $863,360
-
LOIS COX
VP FOR INVESTMENTS/CIO
- Total calculated
- $670,366
- From this org
- $609,584
- From related orgs
- $0
- Other
- $60,782
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $278,157
- Bonus
- $330,750
- Other
- $677
- Deferred
- $28,702
- Nontaxable benefits
- $32,080
- Filer's total
- $670,366
-
PAUL CHAI
VP FOR INVESTMENTS/CIO
- Total calculated
- $473,342
- From this org
- $416,284
- From related orgs
- $0
- Other
- $57,058
- Hours/week
- 45 + 1 related
Schedule J breakdown matched by us
- Base
- $228,904
- Bonus
- $187,200
- Other
- $180
- Deferred
- $23,538
- Nontaxable benefits
- $33,520
- Filer's total
- $473,342
-
ERIC HOLDERNESS
SR ASSOCIATE VP OF DEVELOPMENT
- Total calculated
- $300,463
- From this org
- $250,164
- From related orgs
- $0
- Other
- $50,299
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $238,056
- Bonus
- $12,000
- Other
- $108
- Deferred
- $24,332
- Nontaxable benefits
- $25,967
- Filer's total
- $300,463
-
STEPHANIE FROEHLICH
SR VP OF DEVELOPMENT
- Total calculated
- $395,750
- From this org
- $336,564
- From related orgs
- $0
- Other
- $59,186
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $297,570
- Bonus
- $29,761
- Other
- $9,233
- Deferred
- $30,173
- Nontaxable benefits
- $29,013
- Filer's total
- $395,750
-
CHRISTOPHER MILLS
AVP INFORMATION TECH AND INFRA
- Total calculated
- $255,391
- From this org
- $201,939
- From related orgs
- $0
- Other
- $53,452
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $201,663
- Bonus
- $0
- Other
- $276
- Deferred
- $21,291
- Nontaxable benefits
- $32,161
- Filer's total
- $255,391
-
DARCI CAIN
SR. DIRECTOR OF GIFT PLANNING
- Total calculated
- $235,648
- From this org
- $189,139
- From related orgs
- $0
- Other
- $46,509
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $173,538
- Bonus
- $0
- Other
- $15,601
- Deferred
- $18,187
- Nontaxable benefits
- $28,322
- Filer's total
- $235,648
-
JILL TREGO
VP CULTURE AND ENGAGEMENT
- Total calculated
- $241,301
- From this org
- $188,330
- From related orgs
- $0
- Other
- $52,971
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $188,150
- Bonus
- $0
- Other
- $180
- Deferred
- $19,463
- Nontaxable benefits
- $33,508
- Filer's total
- $241,301
-
SHEILA WALKER
AVP OF COLLEGIATE DEVELOPMENT
- Total calculated
- $240,788
- From this org
- $188,240
- From related orgs
- $0
- Other
- $52,548
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $187,364
- Bonus
- $0
- Other
- $876
- Deferred
- $19,352
- Nontaxable benefits
- $33,196
- Filer's total
- $240,788
-
SUSAN BERHOW
Vice President of Marketing Communications
- Total calculated
- $216,343
- From this org
- $166,503
- From related orgs
- $0
- Other
- $49,840
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $116,663
- Bonus
- $0
- Other
- $49,840
- Deferred
- $17,235
- Nontaxable benefits
- $32,605
- Filer's total
- $216,343
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 · First-class or charter travel
- 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 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 KANSAS STATE UNIVERSITY FOUNDATION. GREG WILLEMS VESTED: $75,456 ACCRUED: $70,135
- Schedule J, Part I, Line 1a FIRST-CLASS, CHARTER, COMPANION TRAVEL, & HEALTH OR SOCIAL CLUB DUES
- KANSAS STATE UNIVERSITY FOUNDATION PAID FOR COUNTRY CLUB DUES FOR GREG WILLEMS AND GREG LOHRENTZ. THE AMOUNT PAID FOR CLUB DUES WAS INCLUDED AS TAXABLE COMPENSATION ON THEIR W-2S. OCCASSIONALLY, A CHARTER FLIGHT IS USED TO ATTEND BUSINESS ACTIVITIES WITH DONORS TO THE FOUNDATION. THE SPOUSE FOR THE CEO IS EXPECTED TO ATTEND SOME FUNDRAISING EVENTS. THESE EVENTS ARE LEGITIMATE BUSINESS FUNCTIONS THAT SERVE TO ACCOMPLISH THE ORGANIZATION'S MISSION AND, THEREFORE, THESE EXPENSES ARE NOT INCLUDED IN THE TAXABLE WAGES 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
-
$38,909,883
ADMINISTRATION SUPPORT
-
$25,759,605
ADMINISTRATION SUPPORT
-
KSU CHARITABLE REAL ESTATE FOUNDATION
$1,982,203
GENERAL SUPPORT
-
$1,826,964
ADMINISTRATION SUPPORT
-
$1,559,158
CONSTRUCTION
-
$648,977
SUPPORT & SCHOLARSHIPS
-
$643,300
SCHOLARSHIPS
-
$55,253
SCHOLARSHIPS
-
$51,800
AWARD
-
FOOD INVENTORY
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
KSU GOLF COURSE MGMT AND RESEARCH FOUND
501(c)(3) · GOLF COURSE · KS · controlled entity
Directly controlled by KSU FOUNDATION
-
KSU CHARITABLE REAL ESTATE FOUNDATION
501(c)(3) · REAL ESTATE · KS · controlled entity
Directly controlled by KSU FOUNDATION
-
FOUNDATION FOR ENGINEERING AT KSU
501(c)(3) · SUPPORT · KS · controlled entity
Directly controlled by KSU FOUNDATION
-
JACK GOLDSTEIN CHARITABLE TRUST
501(c)(3) · GRANTMAKING · KS
Directly controlled by NA
-
1998 JACK GOLDSTEIN CHARITABLE TRUST
501(c)(3) · GRANTMAKING · KS
Directly controlled by NA
-
MARVIN S ROBINSON CHARITABLE TRUST
501(c)(3) · GRANTMAKING · KS
Directly controlled by NA
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.
-
REAL ESTATE · KS · income $348,559 · assets $14,416,832
Directly controlled by KSU FOUNDATION
-
REAL ESTATE · KS · income $199,433 · assets $28,626,879
Directly controlled by KSU FOUNDATION
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 KSU FOUNDATION
-
THE 1880 KIMBALL OFFICE CONDOMINIUM ASSOCIATION
C Corporation · CONDOMINIUM ASSOCIATION · KS · 100% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by KSU FOUNDATION
-
THE 1800 KIMBALL OFFICE CONDOMINIUM ASSOCIATION
C Corporation · CONDOMINIUM ASSOCIATION · KS · 100% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by KSU FOUNDATION
-
C Corporation · AGRICULTURE · KS · controlled entity
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349305449
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