Msu Foundation Inc

Organization Overview

Msu Foundation Inc is located in Morehead, KY. The organization was established in 1981. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Msu Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msu 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 06/2022, Msu Foundation Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF MOREHEAD STATE UNIVERSITY THROUGH FUNDRAISING AND ADMINISTRATIVE SUPPORT

Describe the Organization's Program Activity:

GENERAL FUND - PROVIDED ASSISTANCE TO THE VARIOUS ACADEMIC PROGRAMS AT MOREHEAD STATE UNIVERSITY.


SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY.


EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY.


ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Rick Hesterberg
CEO
$0
Mr Jack Matthew
Chair
$0
Mr Perry Allen
Vice Chair
$0
Mr Bob Albert
Treasurer
$0
Mr Nathan Bishop
Trustee
$0
Mr Ronald Cartee
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$68,168
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,593,822
Noncash contributions included in lines 1a–1f $499,145
Total Revenue from Contributions, Gifts, Grants & Similar$4,661,990
Total Program Service Revenue$0
Investment income $176,357
Tax Exempt Bond Proceeds $0
Royalties $17,188
Net Rental Income $0
Net Gain/Loss on Asset Sales $466,412
Net Income from Fundraising Events $13,981
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,625,447

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Msu Foundation Inc has recieved totaling $3,000.

Awarding OrganizationAmount
Mgn Foundation Tr

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$58,002,224
Earnings$76,191
Other Expense$1,937,113
Ending Balance$56,141,302

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