Nonprofit · EIN 31-1003236
MSU FOUNDATION INC
Tax-exempt · MOREHEAD, KY 40351
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,815,744 | $6,752,177 | $6,063,567 | $91,976,128 | $12,577,591 | $79,398,537 |
| June 30, 2024 | 990 | $10,191,156 | $6,693,927 | $3,497,229 | $85,025,098 | $13,209,937 | $71,815,161 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,441,720
- Program service revenue
- $0
- Investment income
- $6,582,896
- Royalties
- $20,672
- Net gain from sales of assets
- $5,328,844
- Net income from fundraising events
- $845
- Other revenue
- $791,128
Expenses
- Grants and similar amounts paid
- $5,261,117
- Other salaries and wages
- $38,281
- Salaries, compensation and benefits (total)
- $41,452
- Professional fundraising fees
- $0
- Legal fees
- $10,192
- Accounting fees
- $26,741
- Travel
- $120,959
- Depreciation
- $16,675
- Program services (functional)
- $5,815,381
- Management and general (functional)
- $775,505
- Fundraising (functional)
- $161,291
Balance sheet and other
- Total assets, start of year
- $85,025,098
- Total assets, end of year
- $91,976,128
- Total liabilities, end of year
- $12,577,591
- Net assets, end of year
- $79,398,537
- Land, buildings and equipment
- $822,913
- Publicly traded securities
- $9,968,076
- Net assets without donor restrictions
- -$1,088,760
- Net assets with donor restrictions
- $80,487,297
- Gross unrelated business income
- -$9,913
- Gross receipts
- $29,830,454
- Employees
- 10
- Volunteers
- 26
- Year formed
- 1979
- 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 |
|---|---|---|---|
| MR RICK HESTERBERG | FOUNDATION, CEO (PARTIAL YEAR) Trustee or director, Officer | 1 | $0 |
| MS ALLISON CAUDILL | FOUNDATION, CEO (PARTIAL YEAR) Officer | 1 | $0 |
| MR PERRY ALLEN | BOARD CHAIR Trustee or director | 1 | $0 |
| MR ANDREW JONES | VICE CHAIR Trustee or director | 1 | $0 |
| MR RONALD CARTEE | TRUSTEE (PART YEAR) Trustee or director | 1 | $0 |
| MR JOHN MERCHANT | TRUSTEE Trustee or director | 1 | $0 |
| MR ANDRE PREFONTAINE | TRUSTEE Trustee or director | 1 | $0 |
| MR BRIAN MCBRAYER | TRUSTEE (PART YEAR) Trustee or director | 1 | $0 |
| MS JANICE TOWLES | TRUSTEE Trustee or director | 1 | $0 |
| MR JAMES JENNINGS | TRUSTEE Trustee or director | 1 | $0 |
| MS PEGGY OSBORNE | TRUSTEE Trustee or director | 1 | $0 |
| MS BARBARA ISON | TRUSTEE Trustee or director | 1 | $0 |
| MR BRETT TRAVER | TRUSTEE Trustee or director | 1 | $0 |
| MR JON HARVILLE | TRUSTEE Trustee or director | 1 | $0 |
| MS HEATHER THOMPSON | TRUSTEE Trustee or director | 1 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR KEVIN JOHNS | TRUSTEE Trustee or director | 1 | $0 |
| MS KIMBERLY HAYES TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MR BRANDON FRALEY | TRUSTEE Trustee or director | 1 | $0 |
| MR DANIEL MCGOWAN | TREASURER Trustee or director | 1 | $0 |
| MR BERNIE MCKAY | TRUSTEE Trustee or director | 1 | $0 |
| MR TODD PHILLIPS | TRUSTEE Trustee or director | 1 | $0 |
| MS TERRI WALTERS | TRUSTEE Trustee or director | 1 | $0 |
| MS COLLEEN PAYNE | TRUSTEE Trustee or director | 1 | $0 |
| MR BOB ALBERT | TRUSTEE (PART YEAR) Trustee or director | 1 | $0 |
| MR RONALD COOPER | TRUSTEE Trustee or director | 1 | $0 |
| MR JOSEPH GILLMAN | TRUSTEE Trustee or director | 1 | $0 |
| MR WAYNE GRANIS | TRUSTEE Trustee or director | 1 | $0 |
| MS KAREN KELLY | TRUSTEE Trustee or director | 1 | $0 |
| MR ED STROSNIDER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR PERRY ALLEN | BOARD CHAIR Trustee or director | 1 | $0 |
| MR ANDREW JONES | VICE CHAIR Trustee or director | 1 | $0 |
| MR BOB ALBERT | TREASURER Trustee or director | 1 | $0 |
| MR BRETT TRAVER | TRUSTEE Trustee or director | 1 | $0 |
| MR RICK HESTERBERG | FOUNDATION, CEO Trustee or director, Officer | 1 | $0 |
| MR RONALD CARTEE | TRUSTEE Trustee or director | 1 | $0 |
| MR RONALD COOPER | TRUSTEE Trustee or director | 1 | $0 |
| MR JON HARVILLE | TRUSTEE Trustee or director | 1 | $0 |
| MR KEVIN JOHNS | TRUSTEE Trustee or director | 1 | $0 |
| MR JOHN MERCHANT | TRUSTEE Trustee or director | 1 | $0 |
| MR ANDRE PREFONTAINE | TRUSTEE Trustee or director | 1 | $0 |
| MS HEATHER THOMPSON | TRUSTEE Trustee or director | 1 | $0 |
| MS JANICE TOWLES | TRUSTEE Trustee or director | 1 | $0 |
| MR JAMES JENNINGS | TRUSTEE Trustee or director | 1 | $0 |
| MR BRIAN MCBRAYER | TRUSTEE Trustee or director | 1 | $0 |
| MS PEGGY OSBORNE | TRUSTEE Trustee or director | 1 | $0 |
| MS BARBARA ISON | TRUSTEE Trustee or director | 1 | $0 |
| MR BRANDON FRALEY | TRUSTEE Trustee or director | 1 | $0 |
| MR DANIEL MCGOWAN | TRUSTEE Trustee or director | 1 | $0 |
| MR BERNIE MCKAY | TRUSTEE Trustee or director | 1 | $0 |
| MS COLLEEN PAYNE | TRUSTEE Trustee or director | 1 | $0 |
| MR TODD PHILLIPS | TRUSTEE Trustee or director | 1 | $0 |
| MS KIMBERLY HAYES TAYLOR | TRUSTEE Trustee or director | 1 | $0 |
| MS TERRI WALTERS | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 628, MOREHEAD, KY 40351-0628
- In care of
- % MOREHEAD STATE UNIVERSITY
- Principal officer (990 for 2024)
- ALLISON CAUDILL, 150 UNIVERSITY BLVD, MOREHEAD, KY 40351
- Signed the 990
- ALLISON CAUDILL, CEO
- Phone
- (606) 783-2599
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
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.
Program accomplishments
- GENERAL FUND - PROVIDED ASSISTANCE TO THE VARIOUS ACADEMIC PROGRAMS AT MOREHEAD STATE UNIVERSITY.Expenses $3,381,190 · grants $3,381,190 · revenue $383,377
- SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY.Expenses $949,777 · grants $949,777
- EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY.Expenses $946,107 · grants $930,150 · revenue $386,234
- ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS.Expenses $538,307
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
- 31-1003236
- 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
- 1981
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $91,976,128
- Income (IRS master file)
- $29,830,454
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $10,191,156 | $6,693,927 | $85,025,098 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $6,483,169 | $6,288,780 | $75,848,542 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MSU FOUNDATION INC
- What is the EIN of MSU FOUNDATION INC?
- The employer identification number (EIN) of MSU FOUNDATION INC is 31-1003236.
- Is MSU FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to MSU FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MSU 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 MSU 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 MSU 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 MSU FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ALLISON CAUDILL.
- Who are the officers and directors of MSU FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 29 people; 0 received compensation from the organization.
- How much revenue does MSU FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,815,744, expenses of $6,752,177 and total assets of $91,976,128 at year end.
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