Kent State University Foundation

Organization Overview

Kent State University Foundation is located in Kent, OH. The organization was established in 1966. 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. Kent State University Foundation 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, Kent State University Foundation generated $49.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $17.6m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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

THE KENT STATE UNIVERSITY FOUNDATION PROVIDES LEADERSHIP, PRIVATE SECTOR FUNDING AND STEWARDSHIP OF GIFTS TO SUPPORT KENT STATE UNIVERSITY. MEET ITS NEEDS AND ACHIEVE ITS PRIORITES.

Describe the Organization's Program Activity:

THE KENT STATE UNIVERSITY FOUNDATION PROVIDED GRANTS TO KENT STATE UNIVERSITY TO FURTHER THE UNIVERSITYS ACADEMIC, RESEARCH, AND PUBLIC SERVICE PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Polatajko
Director
$0
Stephen Milkovich
Director
$0
Robert Ross
Director
$0
Rob Risman
Director
$0
Mark Lucas
Director
$0
Dale Leppo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$43,167,059
Noncash contributions included in lines 1a–1f $761,221
Total Revenue from Contributions, Gifts, Grants & Similar$43,167,059
Total Program Service Revenue$0
Investment income $1,200,576
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$406,193
Net Gain/Loss on Asset Sales $3,966,405
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $49,925,385

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