EIN 31-1003236

Morehead State University Foundation

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
1979
Most recent tax filings
2024-06-01
NTEE code, primary
Description
The Morehead State University Foundation supports the university through fundraising and administrative support. Its mission is to provide funding to assist MSU in reaching its goals, and it prudently administers all of the foundation's assets. The foundation has an endowment fund that provides support for professorships, chairs, and research projects. Additionally, it manages the Eagle athletic fund which provides assistance to MSU's sports programs.
Also known as...
MSU Foundation
Total revenues
$10,191,156
2024
Total expenses
$6,693,927
2024
Total assets
$85,025,098
2024
Num. employees
1
2024

Program areas at Morehead State University Foundation

General fund - provided assistance to the various academic programs at Morehead State University.
Eagle athletic fund - provided assistance to the various sports programs at Morehead State University.
Scholarship fund - provided scholarships for eligible students at Morehead State University.
Endowment fund - provided support to Morehead State University for professorships, chairs, and research projects.

Who funds Morehead State University Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Joseph W Craft Iii FoundationCharitable$950,000
J Rogers Badgett SR FoundationScholarships$150,000
National Philanthropic TrustEducation$100,000
...and 13 more grants received

Personnel at Morehead State University Foundation

NameTitleCompensation
Richard L HesterbergChief Executive Officer
Sharon FraleyMsu Foundation Finance Director
Sherry SurmontMsu Foundation Board Secretary$0
Rick HesterbergPast Msu Foundation Chief Executive Officer and Msu Vice President for University Advancement$0
James A ShawPast Msu Foundation Chief Executive Officer and Msu Vice President for University Advancement / Msu Foundation Chief Executive Officer / President , Chief Executive Officer$32,265
...and 1 more key personnel

Financials for Morehead State University Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$7,261,212
Program services$0
Investment income and dividends$1,204,179
Tax-exempt bond proceeds$0
Royalty revenue$12,738
Net rental income$0
Net gain from sale of non-inventory assets$848,293
Net income from fundraising events$-15,450
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$880,184
Total revenues$10,191,156

Form 990s for Morehead State University Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-08990View PDF
2023-062023-11-08990View PDF
2022-062022-11-09990View PDF
2021-062021-11-05990View PDF
2020-062021-03-31990View PDF
...and 10 more Form 990s

Organizations like Morehead State University Foundation

OrganizationLocationRevenue
Vincennes University FoundationVincennes, IN$8,905,689
Northwest FoundationMaryville, MO$8,404,058
Central Washington University FoundationEllensburg, WA$5,714,302
The BISON Children's Scholarship FundBuffalo, NY$5,289,619
Southern University SystemBaton Rouge, LA$16,885,744
Pasco-Hernando State College FoundationNew Port Richey, FL$4,274,669
VMI FoundationLexington, VA$26,268,516
Lynden Christian School Endowment FundLynden, WA$7,167,229
Cedar Falls Schools FoundationCedar Falls, IA$2,663,127
Metropolitan State University of Denver FoundationDenver, CO$13,343,630
Data update history
December 26, 2024
Updated personnel
Identified 7 new personnel
October 24, 2024
Received grants
Identified 1 new grant, including a grant for $150,000 from J Rogers Badgett SR Foundation
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $2,112 from The Bank of America Charitable Foundation
July 10, 2024
Received grants
Identified 6 new grant, including a grant for $36,314 from The Scioto County Area Foundation
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsOperates internationallyState / local levelEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
150 University Blvd
Morehead, KY 40351
Metro area
Huntington-Ashland, WV-KY-OH
County
Rowan County, KY
Phone
(606) 783-2599
IRS details
EIN
31-1003236
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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