Northern Kentucky University Foundation Inc

Organization Overview

Northern Kentucky University Foundation Inc is located in Highland Heights, KY. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kentucky University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Northern Kentucky University Foundation Inc generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Northern Kentucky University Foundation Inc has awarded 32 individual grants totaling $15,731,847. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT NORTHERN KENTUCKY UNIVERSITY THROUGH PROVISION OF SCHOLARSHIPS, FINANCIAL AID, AND OTHER SUPPORT PROGRAMS.

Describe the Organization's Program Activity:

STUDENT FINANCIAL AID


ACADEMIC SUPPORT


INSTITUTIONAL SUPPORT


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Board, Officers & Key Employees

Name (title)Compensation
Martin C Butler
At Large
$0
Kevin E Gessner
Treasurer
$0
Jason O Jackman
President
$0
Eric C Gentry
Executive Director
$0
Thomas Wiedemann
Vice President
$0
Mary E Zalla
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$83,546
Related organizations$0
Government grants $12,500
All other contributions, gifts, grants, and similar amounts not included above$4,796,805
Noncash contributions included in lines 1a–1f $697,089
Total Revenue from Contributions, Gifts, Grants & Similar$4,892,851
Total Program Service Revenue$0
Investment income $3,631,124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $142,847
Net Gain/Loss on Asset Sales -$321,082
Net Income from Fundraising Events $12,617
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,696,843

Grants Awarded

Over the last fiscal year, Northern Kentucky University Foundation Inc has awarded $5,544,367 in support to 8 organizations.

Grant RecipientAmount

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: STUDENT FINANCIAL AID

$3,182,512

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: ACADEMIC SUPPORT

$627,325

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: INSTRUCTION

$572,476

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: INSTITUTIONAL SUPPORT

$528,034

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: GENERAL

$328,432

NORTHERN KENTUCKY UNIVERSITY

PURPOSE: STUDENT SERVICES

$183,470
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 17 grants that Northern Kentucky University Foundation Inc has recieved totaling $379,111.

Awarding OrganizationAmount
Horizon Community Funds Of Northern Kentucky Inc

Covington, KY

PURPOSE: General Support

$60,000
Johnson Charitable Gift Fund

Cincinnati, OH

PURPOSE: GENERAL FUND

$55,877
Carol Ann And Ralph V Haile Jr Foundation

Cincinnati, OH

PURPOSE: COLLEGE OF BUSINESS REBRANDING

$52,142
Elsa M Heisel Sule Charitable Trust

Ft Mitchell, KY

PURPOSE: PROVIDE SCHOLARSHIPS AND SPONSOR A VISUAL ARTS EVENT

$42,500
Greater Cincinnati Foundation

Cincinnati, OH

PURPOSE: GENERAL PURPOSE

$35,121
Charles Koch Foundation

Arlington, VA

PURPOSE: GENERAL OPERATING SUPPORT

$34,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$88,010,000
Earnings$27,921,000
Admin Expense$849,000
Net Contributions$2,167,000
Grants$3,168,000
Ending Balance$114,081,000

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