Nonprofit · EIN 23-7351574
KENTUCKY STATE UNIVERSITY FOUNDATION INC
Tax-exempt · FRANKFORT, KY 40604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,155,526 | $3,171,380 | -$1,015,854 | $12,740,735 | $2,352 | $12,738,383 |
| June 30, 2024 | 990 | $1,682,741 | $1,719,342 | -$36,601 | $13,638,109 | $5,608 | $13,632,501 |
| June 30, 2023 | 990 | $1,147,200 | $1,360,347 | -$213,147 | $13,010,447 | $9,560 | $13,000,887 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $260,754
- Program service revenue
- $237,401
- Investment income
- $1,657,371
- Net gain from sales of assets
- $1,365,885
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,989,464
- Compensation of officers, directors and key employees
- $167,930
- Other salaries and wages
- $25,407
- Salaries, compensation and benefits (total)
- $206,565
- Professional fundraising fees
- $0
- Legal fees
- $129,742
- Accounting fees
- $84,062
- Occupancy
- $10,514
- Travel
- $38,345
- Depreciation
- $4,792
- Program services (functional)
- $2,197,583
- Management and general (functional)
- $973,797
Balance sheet and other
- Total assets, start of year
- $13,638,107
- Total assets, end of year
- $12,740,735
- Total liabilities, end of year
- $2,352
- Net assets, end of year
- $12,738,383
- Publicly traded securities
- $10,336,802
- Net assets without donor restrictions
- $1,463,206
- Net assets with donor restrictions
- $11,275,177
- Gross receipts
- $2,155,526
- Employees
- 2
- Year formed
- 1968
- State of legal domicile
- KY
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 |
|---|---|---|---|
| DONALD LYONS | Treasurer Trustee or director, Officer | 38 | $167,930 |
| WILLIE PEALE | President Trustee or director, Officer | 0 | $0 |
| PATRICIA STONE | Vice President Trustee or director, Officer | 0 | $0 |
| TAVA T CLAY | Secretary Trustee or director, Officer | 0 | $0 |
| LYTLE T DAVIS | Trustee Trustee or director | 0 | $0 |
| JEFFREY MCDONALD | Trustee Trustee or director | 0 | $0 |
| AARON TERRELL | Trustee Trustee or director | 0 | $0 |
| DR CLIFFORD CLAIBORNE | Trustee Trustee or director | 0 | $0 |
| A FRAZIER CURRY | Trustee Trustee or director | 0 | $0 |
| KEVIN COOKE | Trustee Trustee or director | 0 | $0 |
| LAYTONYA DAWSON | Trustee Trustee or director | 0 | $0 |
| ANN B GARVIN | Trustee Trustee or director | 0 | $0 |
| KENDRA HAMILTON-WYNN | Trustee Trustee or director | 0 | $0 |
| DR GEORGE MOORE | Trustee Trustee or director | 0 | $0 |
| LEA ROBERTSON | Trustee Trustee or director | 0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JOHNNY SHEPPARD | Trustee Trustee or director | 0 | $0 |
| KATHLEEN SLOAN | Trustee Trustee or director | 0 | $0 |
| MARY LORETTA STEWART | Trustee Trustee or director | 0 | $0 |
| DR HERBERT WATKINS | Trustee Trustee or director | 0 | $0 |
| CHARLES WHITEHEAD | Trustee Trustee or director | 0 | $0 |
| KIMBERLY REED THOMPSON | Trustee Trustee or director | 0 | $0 |
| RICHARD GRAVES | Trustee Trustee or director | 0 | $0 |
| RANCE WILLIAMS | Trustee Trustee or director | 0 | $0 |
| WILLIAM WILSON | Trustee Trustee or director | 0 | $0 |
| CHUCK MORSE | Trustee Trustee or director | 0 | $0 |
| RENEE MICOU | Trustee Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD LYONS | Treasurer Trustee or director, Officer | 38 | $167,685 |
| WILLIE PEALE | President Trustee or director, Officer | 0 | $0 |
| PATRICIA STONE | Vice President Trustee or director, Officer | 0 | $0 |
| TAVA T CLAY | Secretary Trustee or director, Officer | 0 | $0 |
| LYTLE T DAVIS | Trustee Trustee or director | 0 | $0 |
| JEFFREY MCDONALD | Trustee Trustee or director | 0 | $0 |
| AARON TERRELL | Trustee Trustee or director | 0 | $0 |
| DR CLIFFORD CLAIBORNE | Trustee Trustee or director | 0 | $0 |
| A FRAZIER CURRY | Trustee Trustee or director | 0 | $0 |
| KEVIN COOKE | Trustee Trustee or director | 0 | $0 |
| LAYTONYA DAWSON | Trustee Trustee or director | 0 | $0 |
| ANN B GARVIN | Trustee Trustee or director | 0 | $0 |
| KENDRA HAMILTON-WYNN | Trustee Trustee or director | 0 | $0 |
| DR GEORGE MOORE | Trustee Trustee or director | 0 | $0 |
| LEA ROBERTSON | Trustee Trustee or director | 0 | $0 |
| DR JOHNNY SHEPPARD | Trustee Trustee or director | 0 | $0 |
| KATHLEEN SLOAN | Trustee Trustee or director | 0 | $0 |
| MARY LORETTA STEWART | Trustee Trustee or director | 0 | $0 |
| DR HERBERT WATKINS | Trustee Trustee or director | 0 | $0 |
| CHARLES WHITEHEAD | Trustee Trustee or director | 0 | $0 |
| KIMBERLY REED THOMPSON | Trustee Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIE PEALE | President Trustee or director, Officer | 0 | $0 |
| PATRICIA STONE | Vice President Trustee or director, Officer | 0 | $0 |
| TAVA T CLAY | Secretary Trustee or director, Officer | 0 | $0 |
| DONALD LYONS | Treasurer Trustee or director, Officer | 38 | $0 |
| LYTLE T DAVIS | Trustee Trustee or director | 0 | $0 |
| JEFFREY MCDONALD | Trustee Trustee or director | 0 | $0 |
| AARON TERRELL | Trustee Trustee or director | 0 | $0 |
| DR CLIFFORD CLAIBORNE | Trustee Trustee or director | 0 | $0 |
| A FRAZIER CURRY | Trustee Trustee or director | 0 | $0 |
| KEVIN COOKE | Trustee Trustee or director | 0 | $0 |
| LAYTONYA DAWSON | Trustee Trustee or director | 0 | $0 |
| ANN B GARVIN | Trustee Trustee or director | 0 | $0 |
| KENDRA HAMILTON-WYNN | Trustee Trustee or director | 0 | $0 |
| DR GEORGE MOORE | Trustee Trustee or director | 0 | $0 |
| LEA ROBERTSON | Trustee Trustee or director | 0 | $0 |
| DR JOHNNY SHEPPARD | Trustee Trustee or director | 0 | $0 |
| KATHLEEN SLOAN | Trustee Trustee or director | 0 | $0 |
| MARY LORETTA STEWART | Trustee Trustee or director | 0 | $0 |
| DR HERBERT WATKINS | Trustee Trustee or director | 0 | $0 |
| CHARLES WHITEHEAD | Trustee Trustee or director | 0 | $0 |
| KIMBERLY REED THOMPSON | Trustee Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4210, FRANKFORT, KY 40604-4210
- Signed the 990
- DONALD W LYONS, EXECUTIVE SECRE
- Phone
- (502) 875-0187
- Return prepared by
- CHARLES T MITCHELL CO PLLC
Mission
ADMINISTERING THE COLLECTION AND DISBURSEMENTS OF SCHOLARSHIP FUNDS TO ELIGIBLE STUDENTS AND PROVIDING MONETARY SUPPORT FOR THE ACADEMIC PROGRAMS AND ACTIVITIES OF KENTUCKY STATE UNIVERSITY.
Program accomplishments
- ADMINISTERING THE COLLECTION AND DISBURSEMENTS OF SCHOLARSHIP FUNDS TO ELIGIBLE STUDENTS AND PROVIDING MONETARY SUPPORT FOR THE ACADEMIC PROGRAMS AND ACTIVITIES OF KENTUCKY STATE UNIVERSITY.Expenses $2,197,583
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
- 23-7351574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $12,740,735
- Income (IRS master file)
- $2,155,526
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,155,526 | $3,171,380 | $12,740,735 | IRS |
| 990 | June 2024 | $1,682,741 | $1,719,342 | $13,638,109 | IRS |
| 990 | June 2023 | $1,147,200 | $1,360,347 | $13,010,447 | XML |
| 990 | June 2022 | $1,229,754 | $1,399,046 | $12,278,931 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 23-7351574).
Questions about KENTUCKY STATE UNIVERSITY FOUNDATION INC
- What is the EIN of KENTUCKY STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of KENTUCKY STATE UNIVERSITY FOUNDATION INC is 23-7351574.
- Is KENTUCKY STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to KENTUCKY STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY 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 KENTUCKY 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 KENTUCKY 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 are the officers and directors of KENTUCKY STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 26 people; 1 received compensation from the organization, the highest $167,930 (DONALD LYONS, Treasurer).
- How much revenue does KENTUCKY STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,155,526, expenses of $3,171,380 and total assets of $12,740,735 at year end.
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