MARSHALL UNIVERSITY FOUNDATION INCORPORATED Charity Report

Public IRS 990 nonprofit record

MARSHALL UNIVERSITY FOUNDATION INCORPORATED

EIN 55-6011111 · Education (B110)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $74.90 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 leaders28 people are listed in the latest report.

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

Money made simple

17.43%of revenue went to mission work74.9% of expenses · Program services

2.61%of revenue went to fundraising11.2% of expenses

$23.28spent for every $100 of revenueRevenue covered expenses this year.

3.24%of revenue went to management and office costs13.9% of expenses

$22.32in assets for every $1 spent this yearSome assets cannot be spent right away.

87.6%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 $334,870 for DR RONALD AREA (CEO (RETIRED)). 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$85,061,153

Mission workProgram services$14,824,12717.43% of revenue74.9% of expenses

ManagementOffice and general costs$2,760,0723.24% of revenue13.9% of expenses

FundraisingAsking for donations$2,217,3702.61% of revenue11.2% of expenses

Revenue left after expensesReported annual surplus$65,259,58476.72% of revenueShown in gray on the chart

Total expenses$19,801,56923.28% 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: 74.9% mission · 13.9% management · 11.2% fundraisingTotal expenses: 23.28% of revenue

2023Expense mix: 90.7% mission · 5.7% management · 3.5% fundraisingTotal expenses: 225.72% of revenue

2022Expense mix: 75.4% mission · 13.3% management · 11.3% fundraisingTotal expenses: 38.12% of revenue

2021Expense mix: 73.6% mission · 14.9% management · 11.5% fundraisingTotal expenses: 56.65% of revenue

2020Expense mix: 71.6% mission · 15.8% management · 12.6% fundraisingTotal expenses: 35.11% of revenue

2019Expense mix: 72.6% mission · 15.4% management · 12.0% fundraisingTotal expenses: 45.01% of revenue

2018Expense mix: 76.7% mission · 14.6% management · 8.6% fundraisingTotal expenses: 32.99% of revenue

2017Expense mix: 81.2% mission · 10.2% management · 8.6% fundraisingTotal expenses: 124.27% of revenue

Money in and money out

Revenue$85,061,153

Expenses$19,801,569

Annual surplus $65,259,584 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)$14,824,127 · 74.9% of expenses

Management and office costs$2,760,072 · 13.9% of expenses

Fundraising$2,217,370 · 11.2% of expenses

See all reported dollar amounts

Revenue$85,061,153

Expenses$19,801,569

Assets$441,956,283

Income$149,946,154

Contributions$74,526,148

Mission work (program services)$14,824,127

Fundraising$2,217,370

Grants given$128,240,079

Average grant$16,030,010

Management and general$2,760,072

Executive compensation (total)$564,071

Stocks and bonds$161,069,124

Accounting fees$30,500

Investing fees$689,452

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 RONALD AREACEO (RETIRED) · 40 hrs/week $334,870Base $276,390 · Other $58,480

MR R SCOTT ANDERSONCFO · 40 hrs/week $189,972Base $152,951 · Other $37,021

MR NICOLAS KARAGOSIANCEO/FOUNDATION PRESIDENT · 40 hrs/week $126,381Base $99,748 · Other $26,633

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 (28)

DR RONALD AREACEO (RETIRED)

MR R SCOTT ANDERSONCFO

MR NICOLAS KARAGOSIANCEO/FOUNDATION PRESIDENT

MR REX W JOHNSONDIRECTOR

MS KATHY EDDYDIRECTOR

MS ELIZABETH WEISBERGDIRECTOR

MS DIANE RAMY FAULCONERDIRECTOR

MRS VERNA K GIBSONDIRECTOR

MRS SHARON D SHAFFERIMMEDIATE PAST CHAIR

MRS NANCY E CAMPBELLBOARD CHAIR

MRS CAROL J HARTLEYDIRECTOR

MRS A SUE ZEMBATREASURER

MR WILLIAM W CARTERDIRECTOR

MR WILLIAM V JACKSONDIRECTOR

MR STEVEN WELLMANDIRECTOR

MR STEVE RUBINDIRECTOR

MR ROBERT SIMPSONDIRECTOR

DR JOSEPH TOUMADIRECTOR

MR NORMAN MOSRIEDIRECTOR

MR MAX LEDERERDIRECTOR

MR MARK A CHANDLERDIRECTOR

MR MARC WILLIAMSDIRECTOR

MR LOUIS COSTANZO IIIDIRECTOR

MR DANNY VANCESECRETARY

MR CHARLES W PACEDIRECTOR

MR BERNARD COSTONFIRST VICE CHAIR

MR BARRY BURGESSDIRECTOR

DR ROBERT HESSDIRECTOR

About this charity

Recognized since: January 1951
Location: 519 John Marshall Drive, Huntington, WV 25703
County: Cabell
In care of: R Scott Anderson
Primary officer: R Scott Anderson, CFO

How to reach them

WebsiteVisit the charity’s website Emailfoundation@marshall.edu Phone(304) 696-6264 Officer phone(304) 696-3388

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Education (B110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes