Nonprofit · EIN 34-6576307
KENT STATE UNIVERSITY FOUNDATION
Tax-exempt · KENT, OH 44242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $22,389,795 | $21,243,566 | $1,146,229 | $365,185,422 | $25,837,046 | $339,348,376 |
| June 30, 2024 | 990 | $21,201,534 | $30,127,232 | -$8,925,698 | $333,642,018 | $24,551,331 | $309,090,687 |
| June 30, 2023 | 990 | $24,294,118 | $28,135,064 | -$3,840,946 | $315,802,364 | $23,874,297 | $291,928,067 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $18,591,715
- Program service revenue
- $0
- Investment income
- $3,079,589
- Net rental income
- -$692,615
- Net gain from sales of assets
- $1,517,671
- Other revenue
- $718,491
Expenses
- Grants and similar amounts paid
- $17,412,751
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $33,524
- Accounting fees
- $46,287
- Occupancy
- $64
- Depreciation
- $247,101
- Program services (functional)
- $17,412,751
- Management and general (functional)
- $3,462,345
- Fundraising (functional)
- $368,470
Balance sheet and other
- Total assets, start of year
- $333,642,018
- Total assets, end of year
- $365,185,422
- Total liabilities, end of year
- $25,837,046
- Net assets, end of year
- $339,348,376
- Land, buildings and equipment
- $16,176,917
- Publicly traded securities
- $20,053,299
- Net assets without donor restrictions
- $34,713,368
- Net assets with donor restrictions
- $304,635,008
- Gross receipts
- $46,046,801
- Employees
- 0
- Volunteers
- 38
- Year formed
- 1965
- State of legal domicile
- OH
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 |
|---|---|---|---|
| JESSICA VARGO | ASSISTANT TREASURER Trustee or director, Officer | 2 | $0 |
| RAJ AGGARWAL - DECEASED | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 |
| JAMES BAILEY | BOARD CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| GARY BRAHLER | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER CERBONE | DIRECTOR Trustee or director | 1 | $0 |
| TODD DIACON | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY EIPPERT | DIRECTOR Trustee or director | 1 | $0 |
| BARRY FETTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD FRENCHIE | DIRECTOR Trustee or director | 1 | $0 |
| CATHY HEMMING | DIRECTOR Trustee or director | 1 | $0 |
| CANDICE HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| GREG INNA | SECRETARY Trustee or director, Officer | 2 | $0 |
| RICHARD KRUMEL | DIRECTOR Trustee or director | 1 | $0 |
| DALE LEPPO | DIRECTOR Trustee or director | 1 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LUCAS | DIRECTOR Trustee or director | 1 | $0 |
| STEFFANY MATTICOLA LARKINS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MCKINNEY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN MILKOVICH | DIRECTOR Trustee or director | 1 | $0 |
| ROB RISMAN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ROSS | DIRECTOR Trustee or director | 1 | $0 |
| DIANA STRONGOSKY | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE THOMAS | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| DANIEL WOLFE | DIRECTOR Trustee or director | 1 | $0 |
| JOHN ELLIOT | DIRECTOR Trustee or director | 1 | $0 |
| PETER HOLWAY | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| NORA JACOBS | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY LONG | TREASURER Trustee or director, Officer | 2 | $0 |
| VALOREE VARGO | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 2 | $0 |
| DIANE PETRELLA | DIRECTOR Trustee or director | 1 | $0 |
| VALERIE PATTON GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA ADDICOTT | DIRECTOR Trustee or director | 1 | $0 |
| ROXIA BOYKIN | DIRECTOR Trustee or director | 1 | $0 |
| VICKI HAYWOOD DOE | DIRECTOR Trustee or director | 1 | $0 |
| ALEXANDER EVANS | DIRECTOR Trustee or director | 1 | $0 |
| ANDREA GAUDING | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH GRUNLEY | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTIAN PALICH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 38 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT ROSS | DIRECTOR Trustee or director | 1 | $0 |
| ROB RISMAN | DIRECTOR Trustee or director | 1 | $0 |
| MELODY TANKERSLEY | DIRECTOR Trustee or director | 1 | $0 |
| DIANA STRONGOSKY | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MCKINNEY | DIRECTOR Trustee or director | 1 | $0 |
| STEFFANY MATTICOLA LARKINS | DIRECTOR Trustee or director | 1 | $0 |
| MARK POLATAJKO | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN MILKOVICH | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL WOLFE | DIRECTOR Trustee or director | 1 | $0 |
| ROXIA BOYKIN | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA ADDICOTT | DIRECTOR Trustee or director | 1 | $0 |
| PAMELA BOBST | DIRECTOR Trustee or director | 1 | $0 |
| VICKI HAYWOOD DOE | DIRECTOR Trustee or director | 1 | $0 |
| NORA JACOBS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN ELLIOT | DIRECTOR Trustee or director | 1 | $0 |
| VALERIE PATTON GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| DIANE PETRELLA | DIRECTOR Trustee or director | 1 | $0 |
| TODD DIACON | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY EIPPERT | DIRECTOR Trustee or director | 1 | $0 |
| BARRY FETTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER CERBONE | DIRECTOR Trustee or director | 1 | $0 |
| RAJ AGGARWAL | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 |
| GARY BRAHLER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD FRENCHIE | DIRECTOR Trustee or director | 1 | $0 |
| DALE LEPPO | DIRECTOR Trustee or director | 1 | $0 |
| JUDIE FALL LASSER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD KRUMEL | DIRECTOR Trustee or director | 1 | $0 |
| MARK LUCAS | DIRECTOR Trustee or director | 1 | $0 |
| CATHY HEMMING | DIRECTOR Trustee or director | 1 | $0 |
| CANDICE HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA VARGO | ASSISTANT TREASURER Trustee or director, Officer | 2 | $0 |
| JAMES BAILEY | BOARD CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| PETER HOLWAY | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| MICHELLE THOMAS | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| GREG INNA | SECRETARY Trustee or director, Officer | 2 | $0 |
| VALOREE VARGO | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 2 | $0 |
| GREGORY LONG | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 39 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROB RISMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARK POLATAJKO | DIRECTOR Trustee or director | 1 | $0 |
| BARB SMITH | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ROSS | DIRECTOR Trustee or director | 1 | $0 |
| STEFFANY MATTICOLA LARKINS | DIRECTOR Trustee or director | 1 | $0 |
| MARK LUCAS | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN MILKOVICH | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MCKINNEY | DIRECTOR Trustee or director | 1 | $0 |
| VALERIE PATTON GEORGE | DIRECTOR Trustee or director | 1 | $0 |
| VERSIE JOHNSON MALLARD | DIRECTOR Trustee or director | 1 | $0 |
| PAMELA BOBST | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA ADDICOTT | DIRECTOR Trustee or director | 1 | $0 |
| MELODY TANKERSLEY | DIRECTOR Trustee or director | 1 | $0 |
| DIANA STRONGOSKY | DIRECTOR Trustee or director | 1 | $0 |
| NORA JACOBS | DIRECTOR Trustee or director, Institutional trustee | 1 | $0 |
| DANIEL WOLFE | DIRECTOR Trustee or director | 1 | $0 |
| DALE LEPPO | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER CERBONE | DIRECTOR Trustee or director | 1 | $0 |
| EDMUND COOKE | DIRECTOR Trustee or director | 1 | $0 |
| TODD DIACON | DIRECTOR Trustee or director | 1 | $0 |
| RAJ AGGARWAL | DIRECTOR Trustee or director | 1 | $0 |
| JAMES BAILEY | DIRECTOR Trustee or director | 1 | $0 |
| GARY BRAHLER | DIRECTOR Trustee or director | 1 | $0 |
| LAWRENCE ARMSTRONG | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY EIPPERT | DIRECTOR Trustee or director | 1 | $0 |
| GREG INNA | DIRECTOR Trustee or director | 1 | $0 |
| CANDICE HUGHES | DIRECTOR Trustee or director | 1 | $0 |
| JUDIE FALL LASSER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD KRUMEL | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD FRENCHIE | DIRECTOR Trustee or director | 1 | $0 |
| BARRY FETTERMAN | DIRECTOR Trustee or director | 1 | $0 |
| CATHY HEMMING | DIRECTOR Trustee or director | 1 | $0 |
| VALOREE VARGO | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 2 | $0 |
| JESSICA VARGO | ASSISTANT TREASURER Trustee or director, Officer | 2 | $0 |
| JOHN ELLIOT | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 |
| MICHELLE THOMAS | BOARD CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| PETER HOLWAY | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| GREGORY LONG | TREASURER Trustee or director, Officer | 2 | $0 |
| CATHERINE HACKNEY | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5190, KENT, OH 44242-0001
- In care of
- % JESSICA H VARGO
- Principal officer (990 for 2024)
- VALOREE VARGO, PO BOX 5190, Kent, OH 44242
- Signed the 990
- JESSICA H VARGO, CPA
- Phone
- (330) 672-2222
Mission
THE KENT STATE UNIVERSITY FOUNDATION PROVIDES LEADERSHIP, PRIVATE SECTOR FUNDING AND STEWARDSHIP OF GIFTS TO SUPPORT KENT STATE UNIVERSITY, MEET ITS NEEDS AND ACHIEVE ITS PRIORITES.
Program accomplishments
- THE KENT STATE UNIVERSITY FOUNDATION PROVIDED GRANTS TO KENT STATE UNIVERSITY TO FURTHER THE UNIVERSITYS ACADEMIC, RESEARCH, AND PUBLIC SERVICE PROGRAMS.Expenses $17,412,751 · grants $17,412,751
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
- 34-6576307
- 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
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $365,185,422
- Income (IRS master file)
- $46,046,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $22,389,795 | $21,243,566 | $365,185,422 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $21,201,534 | $30,127,232 | $333,642,018 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $24,294,118 | $28,135,064 | $315,802,364 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $49,925,385 | $17,601,463 | $298,774,525 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | 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 34-6576307).
Questions about KENT STATE UNIVERSITY FOUNDATION
- What is the EIN of KENT STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of KENT STATE UNIVERSITY FOUNDATION is 34-6576307.
- Is KENT STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to KENT STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENT STATE UNIVERSITY FOUNDATION 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 KENT STATE UNIVERSITY FOUNDATION 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 KENT STATE UNIVERSITY FOUNDATION 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 KENT STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 names VALOREE VARGO.
- Who are the officers and directors of KENT STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 38 people; 0 received compensation from the organization.
- How much revenue does KENT STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $22,389,795, expenses of $21,243,566 and total assets of $365,185,422 at year end.
Other nonprofits in KENT
- BRIDGE GATE COMMUNITY SCHOOL EIN 47-5403852 · last filed 990 for 2025
- OHIO CONSTRUCTION ACADEMY EIN 46-2085626 · last filed 990 for 2025
- GREAT OAKS HIGH SCHOOL AND CAREER CENTER EIN 99-1591489 · last filed 990 for 2025
- MATER ACADEMY PREPARATORY INC EIN 99-0727657 · last filed 990 for 2025
- SOUTHERN OHIO CAREER ACADEMY EIN 92-2537705 · last filed 990 for 2025
- DAYTON SCHOOL EIN 84-2333302 · last filed 990 for 2025
- KENT STATE UNIVERSITY RESEARCH CORPORATION EIN 83-2006222 · last filed 990 for 2025
- KENT STATE UNIVERSITY ALUMNI ASSOCIATION EIN 34-6540935 · last filed 990 for 2025