TRUMAN STATE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

TRUMAN STATE UNIVERSITY FOUNDATION

EIN 43-1381504 · Education (B114)

What they do

THE MISSION of THE TRUMAN STATE UNIVERSITY FOUNDATION is to SUPPORT THE GOALS and ACTIVITIES of TRUMAN STATE UNIVERSITY BY OBTAINING FINANCIAL SUPPORT, NURTURING VIABLE RELATIONSHIPS WITH EXTERNAL CONSTITUENCIES, and SERVING AS PRUDENT FINANCIAL STEWARDS of THE FOUNDATIONS RESOURCES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.20 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 leaders26 people are listed in the latest report.

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

Money made simple

77.61%of revenue went to mission work84.2% of expenses · Program services

6.45%of revenue went to fundraising7.0% of expenses

$92.16spent for every $100 of revenueRevenue covered expenses this year.

8.10%of revenue went to management and office costs8.8% of expenses

$18.49in assets for every $1 spent this yearSome assets cannot be spent right away.

64.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
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.

Pay context: The highest compensation shown in this filing is $98,971 for DR SUSAN THOMAS (UNIVERSITY PRESIDENT). Compare pay with organizations of similar size and complexity.

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$5,027,739

Mission workProgram services$3,901,97877.61% of revenue84.2% of expenses

ManagementOffice and general costs$407,2068.10% of revenue8.8% of expenses

FundraisingAsking for donations$324,2936.45% of revenue7.0% of expenses

Revenue left after expensesReported annual surplus$394,2627.84% of revenueShown in gray on the chart

Total expenses$4,633,47792.16% 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: 84.2% mission · 8.8% management · 7.0% fundraisingTotal expenses: 92.16% of revenue

2023Expense mix: 84.3% mission · 9.8% management · 5.9% fundraisingTotal expenses: 70.77% of revenue

2022Expense mix: 80.4% mission · 12.7% management · 6.8% fundraisingTotal expenses: 213.03% of revenue

2021Expense mix: 75.4% mission · 15.1% management · 9.5% fundraisingTotal expenses: 28.50% of revenue

2020Expense mix: 77.1% mission · 16.9% management · 6.0% fundraisingTotal expenses: 24.87% of revenue

2019Expense mix: 86.9% mission · 8.6% management · 4.5% fundraisingTotal expenses: 39.19% of revenue

2018Expense mix: 87.9% mission · 6.6% management · 5.5% fundraisingTotal expenses: 48.96% of revenue

2017Expense mix: 85.0% mission · 8.2% management · 6.9% fundraisingTotal expenses: 51.43% of revenue

Money in and money out

Revenue$5,027,739

Expenses$4,633,477

Annual surplus $394,262 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)$3,901,978 · 84.2% of expenses

Management and office costs$407,206 · 8.8% of expenses

Fundraising$324,293 · 7.0% of expenses

See all reported dollar amounts

Revenue$5,027,739

Expenses$4,633,477

Assets$85,669,112

Income$19,871,991

Contributions$3,252,980

Mission work (program services)$3,901,978

Fundraising$324,293

Grants given$8,433,690

Average grant$1,204,813

Management and general$407,206

Stocks and bonds$34,406,768

Accounting fees$30,300

Investing fees$285,133

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

DR SUSAN THOMASUNIVERSITY PRESIDENT · 5 hrs/week $98,971Base · Other $98,971

DR ERNIE HUGHESSECRETARY EX OFFICIO - THRU 12/24 · 5 hrs/week $56,878Base · Other $56,878

RASHMI PRASADBOARD MEMBER · 2 hrs/week $47,231Base · Other $47,231

MICHAEL GARZANELLITREASURER EX OFFICIO · 8 hrs/week $38,235Base · Other $38,235

CHARLES HUNSAKERSECRETARY EX OFFICIO - AS OF 11/24 · 5 hrs/week $31,305Base · Other $31,305

MARK HERRMANNGENERAL COUNSEL EX OFFICIO · 2 hrs/week $22,124Base · Other $22,124

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

DR SUSAN THOMASUNIVERSITY PRESIDENT

DR ERNIE HUGHESSECRETARY EX OFFICIO - THRU 12/24

RASHMI PRASADBOARD MEMBER

MICHAEL GARZANELLITREASURER EX OFFICIO

CHARLES HUNSAKERSECRETARY EX OFFICIO - AS OF 11/24

MARK HERRMANNGENERAL COUNSEL EX OFFICIO

JOHN AYRESBOARD MEMBER

TONY MAREKBOARD MEMBER

ROBERT STILLEYBOARD MEMBER

ROBERT GAYDENBOARD MEMBER

PHILIP CHRISTOFFERSONBOARD MEMBER

PAUL GARNETTVICE PRESIDENT

OVETTA SAMPSONBOARD MEMBER

NANCY GINGRICHBOARD MEMBER

LORI HARTBOARD MEMBER

LAUREN GRAMLICHBOARD MEMBER

AMANDA GIOIABOARD MEMBER

JESSICA HILLBOARD MEMBER

JASON TURKBOARD MEMBER

EMMA SUCHSLANDSTUDENT REPRESENTATIVE

DAVID WOODSBOARD MEMBER

DAVID CLITHEROBOARD MEMBER

DAVID CLEAVERBOARD MEMBER

CALANEET BALASPRESIDENT

BILL LOVEGREENBOARD MEMBER

AMY KRISTIN SANDERSBOARD MEMBER

About this charity

Recognized since: January 1985
Location: 100 E NORMAL ST 105 MCCLAIN HALL, KIRKSVILLE, MO 63501
County: Adair
In care of: DR SUSAN THOMAS
Primary officer: DR SUSAN THOMAS, UNIVERSITY PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(660) 785-4150

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RUBINBROWN LLP
NTEE classification: Education (B114)
Grant-giving organization: Yes