MOREHEAD STATE UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MOREHEAD STATE UNIVERSITY FOUNDATION INC

EIN 31-1003236 · Private Independent Foundations (T22)

What they do

to PROVIDE MARGIN of EXCELLENCE OPPORTUNITY FUNDING to MOREHEAD STATE UNIVERSITY IN AN EFFORT to ASSIST MSU IN REACHING ITS ESTABLISHED GOALS. THE MISSION of MOREHEAD FOUNDATION is to PRUDENTLY ADMINISTER ALL ASSETS of THE FOUNDATION AND/OR MOREHEAD STATE UNIVERSITY AS PROVIDED BY FEDERAL and STATE LAW and REGULATION and THROUGH FIDUCIARY RESPONSIBILITY BETWEEN THE UNIVERSITY and THE FOUNDATION, to PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH or AT THE REQUEST of THE UNIVERSITY BY ENCOURAGING, SPONSORING and SUPPORTING INSTITUTIONAL PRIORITIES, to PROVIDE ADVICE, CONSULTATION and SUPPORT to THE PRESIDENT and THE BOARD of REGENTS of MOREHEAD STATE UNIVERSITY, and to PROVIDE VOLUNTEER LEADERSHIP to MOREHEAD STATE UNIVERSITYS FUND RAISING PROGRAMS and to ASSIST OTHER INSTITUTIONAL ADVANCEMENT EFFORTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

45.38%of revenue went to mission work86.1% of expenses · Program services

1.26%of revenue went to fundraising2.4% of expenses

$52.69spent for every $100 of revenueRevenue covered expenses this year.

6.05%of revenue went to management and office costs11.5% of expenses

$13.62in assets for every $1 spent this yearSome assets cannot be spent right away.

42.5%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$12,815,744

Mission workProgram services$5,815,38145.38% of revenue86.1% of expenses

ManagementOffice and general costs$775,5056.05% of revenue11.5% of expenses

FundraisingAsking for donations$161,2911.26% of revenue2.4% of expenses

Revenue left after expensesReported annual surplus$6,063,56747.31% of revenueShown in gray on the chart

Total expenses$6,752,17752.69% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.1% mission · 11.5% management · 2.4% fundraisingTotal expenses: 52.69% of revenue

2023Expense mix: 85.9% mission · 12.5% management · 1.6% fundraisingTotal expenses: 65.68% of revenue

2022Expense mix: 88.8% mission · 10.6% management · 0.6% fundraisingTotal expenses: 97.00% of revenue

2021Expense mix: 89.9% mission · 9.8% management · 0.3% fundraisingTotal expenses: 86.41% of revenue

2020Expense mix: 87.8% mission · 11.8% management · 0.4% fundraisingTotal expenses: 67.36% of revenue

2019Expense mix: 88.4% mission · 10.1% management · 1.5% fundraisingTotal expenses: 40.80% of revenue

2018Expense mix: 91.0% mission · 8.1% management · 0.9% fundraisingTotal expenses: 82.58% of revenue

2017Expense mix: 89.6% mission · 9.2% management · 1.2% fundraisingTotal expenses: 79.42% of revenue

Money in and money out

Revenue$12,815,744

Expenses$6,752,177

Annual surplus $6,063,567 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,815,381 · 86.1% of expenses

Management and office costs$775,505 · 11.5% of expenses

Fundraising$161,291 · 2.4% of expenses

See all reported dollar amounts

Revenue$12,815,744

Expenses$6,752,177

Assets$91,976,128

Income$29,830,454

Contributions$5,441,720

Mission work (program services)$5,815,381

Fundraising$161,291

Grants given$22,130,819

Average grant$2,766,352

Management and general$775,505

Stocks and bonds$9,968,076

Accounting fees$26,741

Investing fees$274,071

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (29)

MR PERRY ALLENBOARD CHAIR

MS TERRI WALTERSTRUSTEE

MS PEGGY OSBORNETRUSTEE

MS KIMBERLY HAYES TAYLORTRUSTEE

MS KAREN KELLYTRUSTEE

MS JANICE TOWLESTRUSTEE

MS HEATHER THOMPSONTRUSTEE

MS COLLEEN PAYNETRUSTEE

MS BARBARA ISONTRUSTEE

MS ALLISON CAUDILLFOUNDATION, CEO (PARTIAL YEAR)

MR WAYNE GRANISTRUSTEE

MR TODD PHILLIPSTRUSTEE

MR RONALD COOPERTRUSTEE

MR RONALD CARTEETRUSTEE (PART YEAR)

MR RICK HESTERBERGFOUNDATION, CEO (PARTIAL YEAR)

MR ANDRE PREFONTAINETRUSTEE

MR KEVIN JOHNSTRUSTEE

MR JOSEPH GILLMANTRUSTEE

MR JON HARVILLETRUSTEE

MR JOHN MERCHANTTRUSTEE

MR JAMES JENNINGSTRUSTEE

MR ED STROSNIDERTRUSTEE

MR DANIEL MCGOWANTREASURER

MR BRIAN MCBRAYERTRUSTEE (PART YEAR)

MR BRETT TRAVERTRUSTEE

MR BRANDON FRALEYTRUSTEE

MR BOB ALBERTTRUSTEE (PART YEAR)

MR BERNIE MCKAYTRUSTEE

MR ANDREW JONESVICE CHAIR

About this charity

Recognized since: January 1981
Location: 150 UNIVERSITY BLVD, MOREHEAD, KY 40351
County: Rowan
In care of: ALLISON CAUDILL
Primary officer: ALLISON CAUDILL, CEO

How to reach them

WebsiteVisit the charity’s website Phone(606) 783-2599

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: DEAN DORTON ALLEN FORD PLLC
NTEE classification: Private Independent Foundations (T22)
IRS tax category: Private Independent Foundations
Grant-giving organization: Yes