Marshall University Foundation Incorporated

Organization Overview

Marshall University Foundation Incorporated is located in Huntington, WV. The organization was established in 1951. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Marshall University Foundation Incorporated employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall University Foundation Incorporated 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, Marshall University Foundation Incorporated generated $39.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $13.8m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO FACULTY AND STUDENTS RELATED TO THEIR EDUCATIONAL PURSUITS AT THE UNIVERSITY


THE ORGANIZATION PROVIDES SUPPORT TO THE UNIVERSITY BROADLY AND TO INDIVIDUAL DEPARTMENTS IN SUPPORT OF THEIR RESPECTIVE EDUCATION PRIORITIES IN THE FORM OF PAYROLL AND STIPEND SUPPORT, AS WELL AS TO DESIGNATED FUNDS ON BEHALF OF DEPARTMENTAL AND UNIVERSITY PROJECTS.


DEPARTMENT AND UNIT OPERATING FUNDS PROVIDE ADDITIONAL RESOURCES FOR PROGRAMS, TRAVEL, TRAINING, EQUIPMENT AND SUPPLIES, AND OTHER MISCELLANEOUS PURPOSES ON BEHALF OF UNIVERSITY DEPARTMENTS


OTHER EXPENSES ATTRIBUTABLE TO PROGRAM FUNDS IN SUPPORT OF THE UNIVERSITY AND DEPARTMENTS, AND ADJUSTMENTS FOR BAD DEBTS.


THE ORGANIZATION PROVIDES SUPPORT IN THE FORM OF SCHOLARSHIPS AND AWARDS TO FACULTY AND STUDENTS RELATED TO THEIR EDUCATIONAL PURSUITS AT THE UNIVERSITY


THE ORGANIZATION PROVIDES SUPPORT TO THE UNIVERSITY BROADLY AND TO INDIVIDUAL DEPARTMENTS IN SUPPORT OF THEIR RESPECTIVE EDUCATION PRIORITIES IN THE FORM OF PAYROLL AND STIPEND SUPPORT, AS WELL AS TO DESIGNATED FUNDS ON BEHALF OF DEPARTMENTAL AND UNIVERSITY PROJECTS.


DEPARTMENT AND UNIT OPERATING FUNDS PROVIDE ADDITIONAL RESOURCES FOR PROGRAMS, TRAVEL, TRAINING, EQUIPMENT AND SUPPLIES, AND OTHER MISCELLANEOUS PURPOSES ON BEHALF OF UNIVERSITY DEPARTMENTS


OTHER EXPENSES ATTRIBUTABLE TO PROGRAM FUNDS IN SUPPORT OF THE UNIVERSITY AND DEPARTMENTS, AND ADJUSTMENTS FOR BAD DEBTS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Dr Ronald G Area
CEO
$265,667
Mr R Scott Anderson
CFO
$131,464
Mr Joseph Allwood
COO
$116,473
Mrs Sharon Shaffer
Chair
$0
Mrs A Sue Zemba
Treasurer
$0
Mr Leon K Oxley
Secretary
$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$34,020,461
Noncash contributions included in lines 1a–1f $13,400,207
Total Revenue from Contributions, Gifts, Grants & Similar$34,020,461
Total Program Service Revenue$7,494
Investment income $1,101,498
Tax Exempt Bond Proceeds $0
Royalties $13,803
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,298,896
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,039
Miscellaneous Revenue$0
Total Revenue $39,444,191

Grants Recieved

Over the last fiscal year, we have identified 35 grants that Marshall University Foundation Incorporated has recieved totaling $3,638,642.

Awarding OrganizationAmount
Encova Foundation Of West Virginia

Charleston, WV

PURPOSE: GENERAL SUPPORT

$1,350,000
Encova Foundation Of West Virginia

Charleston, WV

PURPOSE: UDITORIUM FOR BRAD D SMITH CENTER FOR BUSINESS AND INNOVATION

$450,000
Maier Foundation Inc

Charleston, WV

PURPOSE: SCHOOL OF AVIATION

$425,000
Lemotto Smith Tr Uw

Huntington, WV

PURPOSE: SCHOLARSHIPS

$210,118
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$192,230
American Endowment Foundation

Hudson, OH

PURPOSE: EDUCATIONAL

$180,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$134,897,730
Earnings$38,957,330
Admin Expense$397,202
Net Contributions$26,590,979
Other Expense$5,272,775
Grants$2,479,304
Ending Balance$192,296,758

Create an account to unlock the data you need.

or