2024-11-08T10:58:25-06:00 2024-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2023-07-01 311003236 MOREHEAD STATE UNIVERSITY FOUNDATION INC MORE 6067832599 150 UNIVERSITY BLVD MOREHEAD KY 40351 RICHARD L HESTERBERG CEO 6067832599 2024-10-30 1 0 ALLISON C CARTER P01242412 8592552341 2023 2024-10-15 13:58:12Z RICHARD L HESTERBERG 150 UNIVERSITY BLVD MOREHEAD KY 40351 15603343 0 X WWW.ALUMNI.MOREHEADSTATE.EDU/S/1869/FOUNDATION19 X 1979 KY SUPPORT OF MOREHEAD STATE UNIVERSITY THROUGH FUNDRAISING AND ADMINISTRATIVE SUPPORT 24 24 1 24 722619 454083 4928535 7261212 0 0 858150 2052472 696484 877472 6483169 10191156 4315384 4919933 0 0 27397 242768 0 0 105114 1945999 1531226 6288780 6693927 194389 3497229 75848542 85025098 12097351 13209937 63751191 71815161 X TO PROVIDE MARGIN OF EXCELLENCE OPPORTUNITY FUNDING TO MOREHEAD STATE UNIVERSITY IN AN EFFORT TO ASSIST MSU IN REACHING ITS ESTABLISHED GOALS. THE MISSION OF MOREHEAD FOUNDATION IS TO PRUDENTLY ADMINISTER ALL ASSETS OF THE FOUNDATION AND/OR MOREHEAD STATE UNIVERSITY AS PROVIDED BY FEDERAL AND STATE LAW AND REGULATION AND THROUGH FIDUCIARY RESPONSIBILITY BETWEEN THE UNIVERSITY AND THE FOUNDATION, TO PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH OR AT THE REQUEST OF THE UNIVERSITY BY ENCOURAGING, SPONSORING AND SUPPORTING INSTITUTIONAL PRIORITIES, TO PROVIDE ADVICE, CONSULTATION AND SUPPORT TO THE PRESIDENT AND THE BOARD OF REGENTS OF MOREHEAD STATE UNIVERSITY, AND TO PROVIDE VOLUNTEER LEADERSHIP TO MOREHEAD STATE UNIVERSITY'S FUND RAISING PROGRAMS AND TO ASSIST OTHER INSTITUTIONAL ADVANCEMENT EFFORTS. 0 0 2476875 2476875 555067 GENERAL FUND - PROVIDED ASSISTANCE TO THE VARIOUS ACADEMIC PROGRAMS AT MOREHEAD STATE UNIVERSITY. 1045507 1045507 SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY. 1654322 1397551 325117 EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY. 572466 ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS. 572466 5749170 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 KY X X SHARON FRALEY 6067832374 150 UNIVERSITY BLVD MOREHEAD KY 40351 X MR PERRY ALLEN BOARD CHAIR 1.00 X 0 0 0 MR ANDREW JONES VICE CHAIR 1.00 X 0 0 0 MR BOB ALBERT TREASURER 1.00 X 0 0 0 MR BRETT TRAVER TRUSTEE 1.00 X 0 0 0 MR RICK HESTERBERG FOUNDATION, CEO 1.00 X X 0 0 0 MR RONALD CARTEE TRUSTEE 1.00 X 0 0 0 MR RONALD COOPER TRUSTEE 1.00 X 0 0 0 MR JON HARVILLE TRUSTEE 1.00 X 0 0 0 MR KEVIN JOHNS TRUSTEE 1.00 X 0 0 0 MR JOHN MERCHANT TRUSTEE 1.00 X 0 0 0 MR ANDRE PREFONTAINE TRUSTEE 1.00 X 0 0 0 MS HEATHER THOMPSON TRUSTEE 1.00 X 0 0 0 MS JANICE TOWLES TRUSTEE 1.00 X 0 0 0 MR JAMES JENNINGS TRUSTEE 1.00 X 0 0 0 MR BRIAN MCBRAYER TRUSTEE 1.00 X 0 0 0 MS PEGGY OSBORNE TRUSTEE 1.00 X 0 0 0 MS BARBARA ISON TRUSTEE 1.00 X 0 0 0 MR BRANDON FRALEY TRUSTEE 1.00 X 0 0 0 MR DANIEL MCGOWAN TRUSTEE 1.00 X 0 0 0 MR BERNIE MCKAY TRUSTEE 1.00 X 0 0 0 MS COLLEEN PAYNE TRUSTEE 1.00 X 0 0 0 MR TODD PHILLIPS TRUSTEE 1.00 X 0 0 0 MS KIMBERLY HAYES TAYLOR TRUSTEE 1.00 X 0 0 0 MS TERRI WALTERS TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 57263 7203949 211170 7261212 1204179 722619 481560 12738 12738 6179195 5330902 848293 848293 848293 65835 57263 81285 -15450 -15450 MSU EVENTS 900099 549760 549760 ATHLETIC INCOME 900099 325117 325117 UNDERWRITING 900099 5307 5307 880184 10191156 880184 722619 1327141 3874426 3874426 1045507 1045507 224196 224196 18572 18572 4343 4343 25149 25149 339100 339100 36376 36376 24816 24816 12167 1678 10489 PROGRAM EXPENSE & SUPPO 600822 600822 SOFTWARE AND MAINTENANC 159926 159926 OPERATING EXPENSE 145022 123271 21751 SPECIAL EVENTS CULTIVAT 105114 105114 78391 42274 36117 6693927 5749170 839643 105114 363703 580658 569037 180745 3185861 5535402 5705 8990 7608 0 1709691 178249 61008 1531442 15477081 20740316 56178539 56447545 75848542 85025098 4012 86628 12093339 13123309 12097351 13209937 X -1293461 -2644968 65044652 74460129 63751191 71815161 75848542 85025098 X 3497229 4495610 71131 X X 0 1 X 1 0 X 8884209 3375913 4661990 4928535 7261212 29111859 8884209 3375913 4661990 4928535 7261212 29111859 9785064 19326795 281264 364423 101575 486619 723349 1957230 87663 91970 493568 673201 631205 667684 289519 683801 880184 3152393 34894683 177518 0.55390 0.51570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62355903 2546781 6026940 80874 70848750 56141302 3470158 4557565 1813122 62355903 58002224 76191 1937113 56141302 45109704 1039537 13032827 1179844 58002224 43413305 4247829 -1894816 656614 45109704 0.57837 0.42163 0 0 1495250 1495250 214441 178249 36192 1531442 CASH SURRENDER VALUE - LIFE INSURANCE 167721 F FEG PRIVATE OPPORTUNITIES FUND 19156376 F FEG SELECT CORE PLUS BOND SERIES 4635270 F FEG SELECT CORE FIXED INCOME SERIES 4601550 F FEG SELECT STRUCTURED INTERNATIONAL EQUITY SERIES 14638982 F FEG SELECT STRUCTURED US EQUITY SERIES 6346701 F SAVILE ROW ENERGY OPPORTUNITIES Q, LLC 602628 F SAVILE ROW OPPORTUNISTIC REAL ESTATE C, LLC 189348 F FEG SELECT DIVERSIFYING STRATEGIES 6108969 F 56447545 FUNDS HELD IN TRUST FOR MOREHEAD STATE UNIVERSITY 11052195 ANNUITY PAYABLE 383859 DUE TO MOREHEAD STATE UNIVERSITY 1687255 13123309 14559851 4495610 59769 152416 4707795 9852056 339100 339100 10191156 6495881 59769 81285 141054 6354827 339100 339100 6693927 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 81,285. ANNUITY LIABILITY ADJUSTMENT 71,131. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 81,285. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 SCHEDULE F NOTE: ALL INVESTMENTS IN FOREIGN COUNTRIES ARE DONE THROUGH DOMESTIC PARTNERSHIPS. SPRING CELEBRATION 91406 53113 38293 50 8326 13713 20047 16958 BLAKEMAN ANNUAL GOLF OUTING 10932 10932 350 2720 141 1089 2 20760 4150 16610 8953 6405 2533 123098 57263 65835 400 19999 20259 20047 20580 81285 -15450 1 MOREHEAD STATE UNIVERSITY 150 UNIVERSITY BLVD MOREHEAD KY 40351 611014029 115 3874426 0 SUPPORT OF THE UNIVERSITY 1 0 SCHOLARSHIPS 650 1045507 PART I, LINE 2: ALL ASSISTANCE IS PROVIDED TO MOREHEAD STATE UNIVERSITY, THE SCHOOL FOR WHICH THE FOUNDATION WAS FORMED. X 2 9600 FAIR MARKET VALUE X 6947 FAIR MARKET VALUE X 2 118523 FAIR MARKET VALUE X SUPPLIES AND EQUIPMENT 4 30275 FAIR MARKET VALUE X LIVESTOCK AND FEED 6 28000 FAIR MARKET VALUE X OTHER 2 17825 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE YEAR-END AUDIT REPORT AND THE INDEPENDENT AUDITORS DELIVER THE AUDIT REPORT TO THE FULL BOARD. ONCE THE 990 IS COMPILED FROM THE AUDITED FINANCIALS, IT IS REVIEWED BY THE FOUNDATION'S TREASURER AND SIGNED AND SUBMITTED. AT THE BOARD MEETING FOLLOWING THE SUBMISSION OF THE 990, IT IS ANNOUNCED TO THE BOARD THAT IT HAS BEEN FILED AND AVAILABLE FOR THEM TO VIEW ON THE FOUNDATION'S WEB PAGE. FORM 990, PART VI, SECTION B, LINE 12C THE FINANCIAL MANAGEMENT AND INVESTMENT POLICY CONTAINS THE CONFLICT OF INTEREST POLICY AND AT EACH BOARD MEETING IT IS REQUESTED THAT EACH MEMBER OF THE BOARD ADHERE TO EACH POLICY LISTED. FORM 990, PART VI, SECTION B, LINE 15 MOREHEAD STATE UNIVERSITY IS THE EMPLOYER FOR ALL MSU-F EMPLOYEES. IN CONTRACT WITH THE FOUNDATION, MSU HAS THE FULL POWER, AUTHORITY AND RESPONSIBILITY TO EMPLOY, TRAIN, SUPERVISE, EVALUATE AND DISCHARGE STAFF PERSONS. ALL WAGES, COMPENSATION AND BENEFITS PROVIDED TO THE STAFF ARE DETERMINED BY MSU AND ARE BASED ON QUALIFICATIONS AND JOB PERFORMANCE ASSESSED ANNUALLY. MSU MONITORS ASAE INDUSTRY MEDIANS FOR TRADE ASSOCIATION COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S WEBSITE CAN BE USED TO VIEW THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY WITHIN THE FINANCIAL MANAGEMENT & INVESTMENT POLICY MANUAL, AND ITS FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: ANNUITY ADJUSTMENT LIABILITY 71,131. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.