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Nonprofit · EIN 55-6011111

MARSHALL UNIVERSITY FOUNDATION INCORPORATED

Tax-exempt · HUNTINGTON, WV 25703

Financials

$48.1M$18.3M2022$22.2M$50M2023$85.1M$19.8M2024
Revenue Expenses · by fiscal year end
Financials of MARSHALL UNIVERSITY FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$85,061,153$19,801,569$65,259,584$441,956,283$70,476,315$371,479,968
June 30, 2024990$22,167,378$50,037,003-$27,869,625$343,852,369$49,639,035$294,213,334
June 30, 2023990$48,068,529$18,321,336$29,747,193$387,058,001$79,698,924$307,359,077
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$74,526,148
Program service revenue
$41,912
Investment income
$10,450,686
Royalties
$31,783
Net gain from sales of assets
$6,830,172
Net income from sales of inventory
$10,624
Other revenue
$42,407

Expenses

Grants and similar amounts paid
$8,762,801
Compensation of officers, directors and key employees
$885,717
Other salaries and wages
$1,755,490
Salaries, compensation and benefits (total)
$3,440,801
Professional fundraising fees
$0
Legal fees
$92,495
Accounting fees
$30,500
Occupancy
$106,637
Travel
$329,443
Depreciation
$301,134
Program services (functional)
$14,824,127
Management and general (functional)
$2,760,072
Fundraising (functional)
$2,217,370

Balance sheet and other

Total assets, start of year
$343,852,369
Total assets, end of year
$441,956,283
Total liabilities, end of year
$70,476,315
Net assets, end of year
$371,479,968
Land, buildings and equipment
$8,374,537
Publicly traded securities
$161,069,124
Net assets without donor restrictions
$24,835,189
Net assets with donor restrictions
$346,644,779
Gross unrelated business income
$23,927
Gross receipts
$149,946,154
Employees
44
Volunteers
100
Year formed
1947
State of legal domicile
WV

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.

NameTitleHours / weekCompensationOther / benefits
Dr Ronald AreaCEO (Retired)
Former
40$276,390$58,480
Mr R Scott AndersonCFO
Key employee, Highest-paid employee
40$152,951$37,021
Mr Nicolas KaragosianCEO/Foundation President
Key employee, Highest-paid employee
40$99,748$26,633
Mr Bernard CostonFirst Vice Chair
Trustee or director, Officer
2$0$0
Mrs Nancy E CampbellBoard Chair
Trustee or director, Officer
3$0$0
Mrs Carol J HartleyDirector
Trustee or director, Officer
2$0$0
Mrs Sharon D ShafferImmediate Past Chair
Trustee or director
2$0$0
Mr Barry BurgessDirector
Trustee or director
2$0$0
Mr William W CarterDirector
Trustee or director
2$0$0
Mr Mark A ChandlerDirector
Trustee or director
2$0$0
Ms Kathy EddyDirector
Trustee or director
2$0$0
Ms Diane Ramy FaulconerDirector
Trustee or director
2$0$0
Mrs Verna K GibsonDirector
Trustee or director
2$0$0
Dr Robert HessDirector
Trustee or director
2$0$0
Mr William V JacksonDirector
Trustee or director
2$0$0
13 more people on this return
NameTitleHours / weekCompensation
Mr Rex W JohnsonDirector
Trustee or director
2$0
Mr Max LedererDirector
Trustee or director
2$0
Mr Norman MosrieDirector
Trustee or director
2$0
Mr Charles W PaceDirector
Trustee or director
2$0
Dr Joseph ToumaDirector
Trustee or director
2$0
Mr Danny VanceSecretary
Trustee or director, Officer
2$0
Mr Steven WellmanDirector
Trustee or director
2$0
Mr Marc WilliamsDirector
Trustee or director
2$0
Mrs A Sue ZembaTreasurer
Trustee or director, Officer
2$0
Mr Steve RubinDirector
Trustee or director
2$0
Mr Robert SimpsonDirector
Trustee or director
2$0
Ms Elizabeth WeisbergDirector
Trustee or director
2$0
Mr Louis Costanzo IIIDirector
Trustee or director
2$0
990 for the year ended June 30, 2024: 29 people
NameTitleHours / weekCompensationOther / benefits
Dr Ronald G AreaCEO
Officer, Key employee, Highest-paid employee
40$266,615$59,810
Mr R Scott AndersonCFO
Officer, Highest-paid employee
40$144,716$33,202
Mr Joseph AllwoodCOO
Highest-paid employee
40$127,291$20,048
Mr Bernard CostonSecond Vice Chair
Trustee or director, Officer
2$0$0
Mrs Nancy E CampbellBoard Chair
Trustee or director, Officer
4$0$0
Mrs Carol J HartleyFirst Vice Chair
Trustee or director, Officer
2$0$0
Mr Leon K OxleySecretary
Trustee or director, Officer
2$0$0
Mr Floyd Harlow JrTreasurer
Trustee or director, Officer
2$0$0
Mrs Sharon ShafferImmediate Past Chair
Trustee or director, Officer
2$0$0
Mr Barry BurgessDirector
Trustee or director
2$0$0
Mr William W CarterDirector
Trustee or director
2$0$0
Mr Mark A ChandlerDirector
Trustee or director
2$0$0
Ms Kathy EddyDirector
Trustee or director
2$0$0
Ms Diane Ramy FaulconerDirector
Trustee or director
2$0$0
Mrs Verna GibsonDirector
Trustee or director
2$0$0
Mrs Monica HatfieldDirector
Trustee or director
2$0$0
Dr Robert HessDirector
Trustee or director
2$0$0
Mr William V JacksonDirector
Trustee or director
2$0$0
Mr Rex W JohnsonDirector
Trustee or director
2$0$0
Mr Max LedererDirector
Trustee or director
2$0$0
Mr Norman MosrieDirector
Trustee or director
2$0$0
Mr Charles NeighborgallDirector
Trustee or director
2$0$0
Mr Charles W PaceDirector
Trustee or director
2$0$0
Dr Joseph ToumaDirector
Trustee or director
2$0$0
Mr Danny VanceDirector
Trustee or director
2$0$0
Mr Steven WellmanDirector
Trustee or director
2$0$0
Mr John Jay WhiteDirector
Trustee or director
2$0$0
Mr Marc WilliamsDirector
Trustee or director
2$0$0
Mrs A Sue ZembaDirector
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 29 people
NameTitleHours / weekCompensationOther / benefits
Dr Ronald G AreaCEO
Officer, Key employee, Highest-paid employee
40$264,755$60,511
Mr R Scott AndersonCFO
Officer, Highest-paid employee
40$138,036$32,305
Mr Joseph AllwoodCOO
Highest-paid employee
40$121,223$19,036
Mrs Nancy E CampbellBoard Chair
Trustee or director, Officer
4$0$0
Mrs Carol J HartleyFirst Vice Chair
Trustee or director, Officer
2$0$0
Mr Bernard CostonSecond Vice Chair
Trustee or director, Officer
2$0$0
Mr Leon K OxleySecretary
Trustee or director, Officer
2$0$0
Mr Floyd Harlow JrTreasurer
Trustee or director, Officer
2$0$0
Mrs Sharon ShafferImmediate Past Chair
Trustee or director, Officer
2$0$0
Mr Barry BurgessDirector
Trustee or director
2$0$0
Mr William W CarterDirector
Trustee or director
2$0$0
Mr Mark A ChandlerDirector
Trustee or director
2$0$0
Ms Kathy EddyDirector
Trustee or director
2$0$0
Ms Diane Ramy FaulconerDirector
Trustee or director
2$0$0
Mrs Verna GibsonDirector
Trustee or director
2$0$0
Mrs Monica HatfieldDirector
Trustee or director
2$0$0
Dr Robert HessDirector
Trustee or director
2$0$0
Mr William V JacksonDirector
Trustee or director
2$0$0
Mr Rex W JohnsonDirector
Trustee or director
2$0$0
Mr Max LedererDirector
Trustee or director
2$0$0
Mr Norman MosrieDirector
Trustee or director
2$0$0
Mr Charles NeighborgallDirector
Trustee or director
2$0$0
Mr Charles W PaceDirector
Trustee or director
2$0$0
Dr Joseph ToumaDirector
Trustee or director
2$0$0
Mr Danny VanceDirector
Trustee or director
2$0$0
Mr Steven WellmanDirector
Trustee or director
2$0$0
Mr John Jay WhiteDirector
Trustee or director
2$0$0
Mr Marc WilliamsDirector
Trustee or director
2$0$0
Mrs A Sue ZembaDirector
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
519 JOHN MARSHALL DR, HUNTINGTON, WV 25703-1400
In care of
% R SCOTT ANDERSON
Principal officer (990 for 2024)
R Scott Anderson, 519 John Marshall Drive, Huntington, WV 25703
Signed the 990
R Scott Anderson, CFO
Phone
(304) 696-6264

Mission

The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources.

990 for the year ended June 30, 2025

Program accomplishments

  • The organization provides support in the form of scholarships and awards to faculty and students related to their educational pursuits at the university
    Expenses $8,762,801
  • The organization provides support to the university broadly and to individual departments in support of their respective education priorities in the form of payroll and stipend support, as well as to designated funds on behalf of departmental and university projects.
    Expenses $1,832,382
  • Department and unit operating funds provide additional resources for programs, travel, training, equipment and other miscellaneous purposes on behalf of university departments
    Expenses $1,474,644
  • Other expenses attributable to program funds in support of the university and departments, and adjustments for bad debts.
    Expenses $2,754,300

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
55-6011111
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
1951
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$441,956,283
Income (IRS master file)
$149,946,154

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$85,061,153$19,801,569$441,956,283XML
990-TJune 2025–––IRS
990June 2024$22,167,378$50,037,003$343,852,369XML
990-TJune 2024–––IRS
990June 2023$48,068,529$18,321,336$387,058,001XML
990-TJune 2023–––IRS
990June 2022$28,228,020$15,991,740$344,717,415IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 55-6011111).

Questions about MARSHALL UNIVERSITY FOUNDATION INCORPORATED

What is the EIN of MARSHALL UNIVERSITY FOUNDATION INCORPORATED?
The employer identification number (EIN) of MARSHALL UNIVERSITY FOUNDATION INCORPORATED is 55-6011111.
Is MARSHALL UNIVERSITY FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
Are donations to MARSHALL UNIVERSITY FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARSHALL UNIVERSITY FOUNDATION INCORPORATED 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED 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 MARSHALL UNIVERSITY FOUNDATION INCORPORATED?
The 990 for the year ended June 30, 2025 names R Scott Anderson.
Who are the officers and directors of MARSHALL UNIVERSITY FOUNDATION INCORPORATED?
The 990 for the year ended June 30, 2025 lists 28 people; 3 received compensation from the organization, the highest $276,390 (Dr Ronald Area, CEO (Retired)).
How much revenue does MARSHALL UNIVERSITY FOUNDATION INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $85,061,153, expenses of $19,801,569 and total assets of $441,956,283 at year end.

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