Nonprofit · EIN 23-7099379
APPALACHIAN STATE UNIVERSITY FOUNDATION INC
Tax-exempt · BOONE, NC 28608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $39,141,698 | $30,621,623 | $8,520,075 | $265,065,463 | $9,998,327 | $255,067,136 |
| June 30, 2024 | 990 | $32,111,137 | $29,705,857 | $2,405,280 | $240,354,589 | $11,470,346 | $228,884,243 |
| June 30, 2023 | 990 | $32,992,560 | $26,568,594 | $6,423,966 | $216,184,737 | $7,266,366 | $208,918,371 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,513,143
- Program service revenue
- $283,239
- Investment income
- $2,308,985
- Royalties
- $29,697
- Net rental income
- $16,545
- Net gain from sales of assets
- $240,406
- Net income from fundraising events
- -$172,708
- Net income from gaming
- $139,339
- Other revenue
- $36,331
Expenses
- Grants and similar amounts paid
- $27,342,908
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,407
- Accounting fees
- $44,000
- Occupancy
- $62,898
- Travel
- $130,527
- Depreciation
- $161,419
- Program services (functional)
- $27,782,898
- Management and general (functional)
- $1,185,996
- Fundraising (functional)
- $1,652,729
Balance sheet and other
- Total assets, start of year
- $240,354,589
- Total assets, end of year
- $265,065,463
- Total liabilities, end of year
- $9,998,327
- Net assets, end of year
- $255,067,136
- Land, buildings and equipment
- $2,193,058
- Net assets without donor restrictions
- $14,158,561
- Net assets with donor restrictions
- $240,908,575
- Gross unrelated business income
- $4,517
- Gross receipts
- $42,680,117
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1970
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HEATHER NORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $398,096 | $15,745 |
| WILLIAM SEARS | PRESIDENT Trustee or director, Officer | 30 | $0 | $236,234 | $80,833 |
| STEPHANIE BILLINGS | EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS Highest-paid employee | 30 | $0 | $184,096 | $57,539 |
| CLAYTON CHRISTIAN | ASSISTANT VICE CHANCELLOR Officer | 30 | $0 | $148,553 | $48,114 |
| PAMELA HARDIN | ASSISTANT VICE CHANCELLOR OF GIFT PLANNING/ REAL E Highest-paid employee | 30 | $0 | $130,817 | $41,649 |
| KYLE ALLEN | GIFT OFFICE, WCOB Highest-paid employee | 30 | $0 | $150,340 | $13,714 |
| HAROLD SWAIM | EXECUTIVE DIRECTOR OF DONOR ENGAGEME Highest-paid employee | 30 | $0 | $141,277 | $9,953 |
| MELINDA FRIDDELL | SENIOR EXECUTIVE DIRECTOR OF DEVELOPMENT Highest-paid employee | 30 | $0 | $122,871 | $12,457 |
| CANTEY ALEXANDER | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| JEANNINE UNDERWOOD COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS COVINGTON | BOARD TREASURER Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CAROLYN SCHMALENBERGER | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CHAD SEIGLER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KYLER FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BO HENDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SAM POWERS | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES REEVES | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK RICKS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| WYATT DIXON | BOARD MEMBER Trustee or director | 1 | $0 |
| DONNA FIORI | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMIE HARRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| IRENE SAWYER | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE WYATT | BOARD MEMBER Trustee or director | 1 | $0 |
| MISSY HARRILL | BOARD MEMBER Trustee or director | 1 | $0 |
| BRETT HOGE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHERI EVERTS | BOARD MEMBER Trustee or director | 1 | $0 | $455,932 | $32,833 |
| DAN LAYZELL | BOARD MEMBER Trustee or director | 1 | $0 | $336,071 | $98,530 |
| JANE BARGHOTHI | FORMER PRESIDENT Former | 1 | $0 | $310,518 | $83,966 |
| HEATHER NORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $330,584 | $14,098 |
| WILLIAM SEARS | ACTING PRESIDENT (AS OF 6/30/2024) Trustee or director, Officer | 30 | $0 | $180,608 | $63,776 |
| STEPHANIE BILLINGS | EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS Highest-paid employee | 30 | $0 | $169,491 | $53,966 |
| CLAYTON CHRISTIAN | ASSISTANT VICE CHANCELLOR Officer | 30 | $0 | $134,388 | $42,784 |
| HAROLD SWAIM | EXECUTIVE DIRECTOR OF DONOR ENGAGEMENT Highest-paid employee | 30 | $0 | $136,448 | $18,668 |
| KYLE ALLEN | GIFT OFFICE, WCOB Highest-paid employee | 30 | $0 | $131,687 | $22,311 |
| BO HENDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CANTEY ALEXANDER | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CAROLYN SCHMALENBERGER | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CHAD SEIGLER | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| DAVID WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS COVINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DONNA FIORI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| IRENE SAWYER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES REAVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMIE HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEANNINE UNDERDOWN COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KYLER FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK RICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PHILLIP OSTWALT | BOARD TREASURER Trustee or director, Officer | 3 | $0 | $0 | $0 |
| SAM POWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STEVE WYATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WYATT DIXON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHERI EVERTS | BOARD MEMBER Trustee or director | 1 | $0 | $427,651 | $9,942 |
| JANE BARGHOTHI | PRESIDENT (AS OF 6/30/20) Trustee or director, Officer | 1 | $0 | $282,176 | $77,907 |
| WILLIAM SEARS | SENIOR ASSOCIATE VICE CHANCELLOR FOR Highest-paid employee | 30 | $0 | $169,127 | $60,962 |
| STEPHANIE BILLINGS | EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS Highest-paid employee | 30 | $0 | $143,262 | $48,033 |
| CLAYTON CHRISTIAN | ASSISTANT VICE CHANCELLOR Officer | 30 | $0 | $144,150 | $41,442 |
| DAN LAYZELL | BOARD MEMBER Trustee or director | 1 | $0 | $139,507 | $37,686 |
| GEOFF GRAHAM | PLANNED GIVING DIRECTOR Highest-paid employee | 30 | $0 | $145,186 | $9,841 |
| HAROLD SWAIM | EXECUTIVE DIRECTOR OF DONOR ENGAGEME Highest-paid employee | 30 | $0 | $132,702 | $9,731 |
| KYLE ALLEN | GIFT OFFICER, WCOB Highest-paid employee | 30 | $0 | $122,599 | $13,749 |
| JEANNINE UNDERDOWN COLLINS | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| KIMBERLY SHEPHERD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAD SEIGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN SCHMALENBERGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK RICKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES REEVES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SAM POWERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT LAMPE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BO HENDERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KYLER FERGUSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TAMELA EVERTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| STACIE WALKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS COVINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES TOLLIVER | BOARD SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| PHILLIP OSTWALT | BOARD TREASURER Trustee or director, Officer | 3 | $0 | $0 | $0 |
| CANTEY ALEXANDER | BOARD VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ASU BOX 32064 MCKINNEY ALUMNI CTR, BOONE, NC 28608-2064
- Principal officer (990 for 2024)
- WILLIAM J SEARS, ASU BOX 32064 MCKINNEY ALUMNI CTR, BOONE, NC 286082064
- Signed the 990
- WILLIAM SEARS, PRESIDENT
- Phone
- (828) 262-2341
- Website
- HTTP://GIVE.APPSTATE.EDU/
- Return prepared by
- SORREN INC
Mission
THE APPALACHIAN STATE UNIVERSITY FOUNDATION EXISTS TO SUPPORT APPALACHIAN STATE UNIVERSITY STUDENTS, FACULTY, STAFF AND COMMUNITY THROUGH THE ADVANCEMENT OF FINANCIAL SUPPORT, STEWARDSHIP, GROWTH OF RESOURCES, AND ADVOCACY FOR THE UNIVERSITY'S MISSION.
Program accomplishments
- SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS.Expenses $9,868,708 · grants $9,867,890 · revenue $25,610
- SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS.Expenses $4,777,482 · grants $4,777,482
- PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS.Expenses $10,882,044 · grants $10,882,044 · revenue $220,393
- ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITYExpenses $2,254,664 · grants $1,815,492 · revenue $60,694
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7099379
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $265,065,463
- Income (IRS master file)
- $42,680,117
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $39,141,698 | $30,621,623 | $265,065,463 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $32,111,137 | $29,705,857 | $240,354,589 | XML |
| 990 | June 2023 | $32,992,560 | $26,568,594 | $216,184,737 | XML |
| 990 | June 2022 | $32,803,152 | $22,692,301 | $211,346,628 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7099379).
Questions about APPALACHIAN STATE UNIVERSITY FOUNDATION INC
- What is the EIN of APPALACHIAN STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of APPALACHIAN STATE UNIVERSITY FOUNDATION INC is 23-7099379.
- Is APPALACHIAN STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to APPALACHIAN STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does APPALACHIAN STATE UNIVERSITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of APPALACHIAN STATE UNIVERSITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APPALACHIAN STATE UNIVERSITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of APPALACHIAN STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names WILLIAM J SEARS.
- Who are the officers and directors of APPALACHIAN STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 0 received compensation from the organization.
- How much revenue does APPALACHIAN STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $39,141,698, expenses of $30,621,623 and total assets of $265,065,463 at year end.
Other nonprofits in BOONE
- SAMARITANS PURSE EIN 58-1437002 · last filed 990 for 2025
- APPALACHIAN REGIONAL MEDICALASSOCIATES INC EIN 20-5755130 · last filed 990 for 2025
- HIGH COUNTRY COMMUNITY HEALTH EIN 27-3033445 · last filed 990 for 2025
- APPALACHIAN REAL ESTATE DEVELOPMENT CORPPRATION EIN 56-2161660 · last filed 990 for 2025
- WINE TO WATER EIN 20-8877288 · last filed 990 for 2025
- WATAUGA OPPORTUNITIES INC EIN 56-1089285 · last filed 990 for 2025
- APPALACHIAN VOICES EIN 56-2049956 · last filed 990 for 2024
- BLUE RIDGE CONSERVANCY EIN 58-2502695 · last filed 990 for 2024