- Revenue 2024
- $85,061,153
- Expenses 2024
- $19,801,569
Program services were 74.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B110
- Classification
- 1200
- Street
- 519 JOHN MARSHALL DR
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Other organizations at this address
2 other organizations in the IRS Business Master File list the same street address. matched by us
We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.
-
MARSHALL UNIVERSITY ALUMNI ASSOCIATION INC
EIN 26-4778743
-
MARSHALL UNIVERSITY REAL ESTATE FOUNDATION INC
EIN 26-2912485
Mission and programs · 2024
Mission
The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.
Activities or mission (Part I)
The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University.
-
The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university
Expenses $8,762,801
-
The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects.
Expenses $1,832,382
-
Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments
Expenses $1,474,644
-
Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts.
Expenses $2,754,300
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Dr Ronald Area
CEO (Retired)
- Total calculated
- $334,870
- From this org
- $276,390
- From related orgs
- $0
- Other
- $58,480
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $276,390
- Bonus
- $0
- Other
- $0
- Deferred
- $23,565
- Nontaxable benefits
- $34,915
- Filer's total
- $334,870
-
Mr R Scott Anderson
CFO
- Total calculated
- $189,972
- From this org
- $152,951
- From related orgs
- $0
- Other
- $37,021
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $152,951
- Bonus
- $0
- Other
- $0
- Deferred
- $9,503
- Nontaxable benefits
- $27,518
- Filer's total
- $189,972
-
Mr Nicolas Karagosian
CEO/Foundation President
- Total calculated
- $126,381
- From this org
- $99,748
- From related orgs
- $0
- Other
- $26,633
- Hours/week
- 40 + 3 related
Schedule J breakdown matched by us
- Base
- $99,748
- Bonus
- $0
- Other
- $0
- Deferred
- $5,885
- Nontaxable benefits
- $20,748
- Filer's total
- $126,381
-
Mr Bernard Coston
First Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Nancy E Campbell
Board Chair
- Total calculated
- $0
- Hours/week
- 3
-
Mrs Carol J Hartley
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Sharon D 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 K Gibson
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
-
Mr Norman Mosrie
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
Secretary
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Mr Steven Wellman
Director
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Mr Marc Williams
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mrs A Sue Zemba
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Mr Steve Rubin
Director
- Total calculated
- $0
- Hours/week
- 2
The first 25 listed. 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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $85,061,153
- Expenses
- $19,801,569
- Contributions
- $74,526,148
- Grants paid
- $8,762,801
-
2023
- Revenue
- $22,167,378
- Expenses
- $50,037,003
- Contributions
- $17,609,125
- Grants paid
- $16,931,191
-
2022
- Revenue
- $48,068,529
- Expenses
- $18,321,336
- Contributions
- $23,232,583
- Grants paid
- $7,999,399
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2024 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2023 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2022 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2021 · 990
- Revenue
- $28,228,020
- Expenses
- $15,991,740
- Assets (EOY)
- $344,717,415
-
2021 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2020 · 990
- Revenue
- $39,444,191
- Expenses
- $13,848,567
- Assets (EOY)
- $365,151,220
-
2020 · 990-T
- Revenue
- not reported
- Expenses
- not reported
- Assets (EOY)
- not reported
-
2019 · 990
- Revenue
- $32,818,668
- Expenses
- $14,771,440
- Assets (EOY)
- $297,189,135
-
2018 · 990
- Revenue
- $50,987,540
- Expenses
- $16,820,028
- Assets (EOY)
- $304,781,369
-
2017 · 990
- Revenue
- $13,272,805
- Expenses
- $16,493,967
- Assets (EOY)
- $258,659,897
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
-
Marshall University
$45,393,118
2023 to support the students and university departments in their educational mission
-
Marshall University
$14,820,745
2024 to support the students and university departments in their educational mission
-
Marshall University
$13,801,343
2022 to support the students and university departments in their educational mission
Grants received
-
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$5,159,560
2024 For grant recipient's exempt purposes
-
2024 EDUCATION
-
COALFIELD DEVELOPMENT CORPORATION
$212,582
2024
-
2022 For grant recipient's exempt purposes
-
$203,163
2024 Education
-
$199,810
2023 EDUCATIONAL
-
2022 To establish a scholarship endowment in accordance with the bequest of the donor of real property on behalf of Marshall University
-
COALFIELD DEVELOPMENT CORPORATION
$134,447
2023
-
2024 EDUCATION
-
2024 SCHOLARSHIP AWARDS FOR STUDENTS ATTENDING MARSHALL UNIVERSITY
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
Marshall University Real Estate Foundation Inc
501(c)(3) · Receive real estate on behalf of Marshall · WV
-
Marshall University Alumni Association Inc
501(c)(3) · Alumni activities · WV
-
Marshall University
501(c)(3) · Higher Education Institution · WV
Declared as related by
-
WEST VIRGINIA EMULATION ENDOWMENT TRUST
On its 2025 return
-
MASONIC SCHOLARSHIP ENDOWMENT TRUST OF WEST VIRGINIA
On its 2025 return
-
MARSHALL UNIVERSITY REAL ESTATE FOUNDATION INC
On its 2024 return
-
MARSHALL UNIVERSITY ALUMNI ASSOCIATION INC
On its 2023 return
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Related corporations and trusts on its 2024 return
-
Marshall Services Corporation
C · Invest in joint venture for internationalization of campus · WV · 100% owned · controlled entity
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 11 November 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.