Civic Intelligence

Morehead State University Foundation Inc

990 • Fiscal year 2021 • EIN 31-1003236

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 29, 2021

150 University BlvdMorehead, KY 40351

(606) 783-2599

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.16x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

2.43x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

76th percentile

24%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-50%

Faster revenue growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$74,127,957

Up $14,319,249 (+24%) from 2020

Net Assets

Up

$62,238,748

Up $13,902,583 (+29%) from 2020

Liabilities

Up

$11,889,209

Up $416,666 (+3.6%) from 2020

Revenue

Down

$4,891,243

Down $4,863,261 (-50%) from 2020

Expenses

Down

$3,294,665

Down $684,823 (-17%) from 2020

Net Income

Down

$1,596,578

Down $4,178,438 (-72%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $29,941,509Liabilities 2010: $12,252,355Net Assets 2010: $17,689,1542010Assets 2011: $39,675,914Liabilities 2011: $13,202,351Net Assets 2011: $26,473,5632011Assets 2012: $39,279,791Liabilities 2012: $13,405,330Net Assets 2012: $25,874,4612012Assets 2013: $42,252,824Liabilities 2013: $13,290,307Net Assets 2013: $28,962,5172013Assets 2014: $51,610,073Liabilities 2014: $13,380,768Net Assets 2014: $38,229,3052014Assets 2015: $51,000,570Liabilities 2015: $14,805,304Net Assets 2015: $36,195,2662015Assets 2016: $46,011,534Liabilities 2016: $11,796,707Net Assets 2016: $34,214,8272016Assets 2017: $53,389,649Liabilities 2017: $11,804,789Net Assets 2017: $41,584,8602017Assets 2018: $54,732,807Liabilities 2018: $11,632,125Net Assets 2018: $43,100,6822018Assets 2019: $56,100,714Liabilities 2019: $11,672,215Net Assets 2019: $44,428,4992019Assets 2020: $59,808,708Liabilities 2020: $11,472,543Net Assets 2020: $48,336,1652020Assets 2021: $74,127,957Liabilities 2021: $11,889,209Net Assets 2021: $62,238,7482021Assets 2022: $71,026,535Liabilities 2022: $11,420,713Net Assets 2022: $59,605,8222022Assets 2023: $75,848,542Liabilities 2023: $12,097,351Net Assets 2023: $63,751,1912023Assets 2024: $85,025,098Liabilities 2024: $13,209,937Net Assets 2024: $71,815,1612024Assets 2025: $91,976,128Liabilities 2025: $12,577,591Net Assets 2025: $79,398,5372025

Highlighted filing

2021

Assets$74,127,957
Liabilities$11,889,209
Net Assets$62,238,748

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,214,2582010Expenses 2011: $3,071,6532011Expenses 2012: $5,312,5822012Expenses 2013: $2,948,1962013Revenue 2014: $9,208,370Expenses 2014: $3,956,177Net Income 2014: $5,252,1932014Revenue 2015: $4,876,629Expenses 2015: $5,826,766Net Income 2015: -$950,1372015Revenue 2016: $5,488,009Expenses 2016: $5,854,205Net Income 2016: -$366,1962016Revenue 2017: $11,260,145Expenses 2017: $4,189,699Net Income 2017: $7,070,4462017Revenue 2018: $5,888,184Expenses 2018: $4,676,208Net Income 2018: $1,211,9762018Revenue 2019: $6,240,724Expenses 2019: $5,153,766Net Income 2019: $1,086,9582019Revenue 2020: $9,754,504Expenses 2020: $3,979,488Net Income 2020: $5,775,0162020Revenue 2021: $4,891,243Expenses 2021: $3,294,665Net Income 2021: $1,596,5782021Revenue 2022: $5,625,447Expenses 2022: $4,860,752Net Income 2022: $764,6952022Revenue 2023: $6,483,169Expenses 2023: $6,288,780Net Income 2023: $194,3892023Revenue 2024: $10,191,156Expenses 2024: $6,693,927Net Income 2024: $3,497,2292024Revenue 2025: $12,815,744Expenses 2025: $6,752,177Net Income 2025: $6,063,5672025

Highlighted filing

2021

Revenue$4,891,243
Expenses$3,294,665
Net Income$1,596,578
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 29, 2021
Return Version
2020v4.1
Gross Receipts
$11,485,400
Mission and Program Overview

Mission

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.

Support of morehead state university through fundraising and administrative support

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$44,836,354$60,725,851▲ $15,889,497
Investments in Publicly Traded Securities$8,536,736$5,717,982▼ $2,818,754
Pledges and Grants Receivable$5,391,771$5,186,595▼ $205,176
Savings and Temporary Cash Investments$482,518$830,169▲ $347,651
Cash and Non-Interest-Bearing Accounts$336,083$715,759▲ $379,676
Inventories for Sale or Use$0$715,000▲ $715,000
Land, Buildings, and Equipment, Net$215,606$198,765▼ $16,841
Accounts Receivable$9,640$37,836▲ $28,196
Total Assets$59,808,708$74,127,957▲ $14,319,249
Liabilities
Other Liabilities$11,426,455$11,884,821▲ $458,366
Accounts Payable and Accrued Expenses$46,088$4,388▼ $41,700
Total Liabilities$11,472,543$11,889,209▲ $416,666
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,082,742$63,287,803▲ $13,205,061
Net Assets Without Donor Restrictions$-1,746,577$-1,049,055▲ $697,522
Total Net Assets Fund Balance$48,336,165$62,238,748▲ $13,902,583
Total Liabilities and Net Assets / Fund Balance$59,808,708$74,127,957▲ $14,319,249

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,013$179,034$217,047
Buildings$107,752$67,248$175,000
Land$53,000-$53,000
Other Securities$4,255,347--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$45,109,704$1,039,537▲ $13,032,827$1,179,844$58,002,224
2019$43,413,305$4,247,829▼ $1,894,816$656,614$45,109,704
2018$41,885,094$1,737,475▲ $1,866,898$2,076,162$43,413,305
2017$35,588,649$386,937▲ $6,776,054$866,546$41,885,094
2016$31,483,709$1,089,975▲ $3,907,328$892,363$35,588,649
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
Fund Evaluation GroupInvestment Advisors201 E 5TH ST 1600, Cincinnati, OH 45202$124,697
Revenue and Support

Revenue Composition

Contributions and Grants
$3,375,913
Program Service Revenue
$0
Investment Income
$843,513
Other Revenue
$671,817
All Other Contributions
$3,375,913
Change in Net Assets
$1,596,578

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table3$64,899Fair Market Value
Other Non Cash Contri Table15$50,294Fair Market Value
Works of Art5$10,625Fair Market Value
Total Noncash Contributions23$125,818-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,710,391
Revenue Not Reported on Financial Statements
$180,852
Revenue Not Reported on Form 990
$12,505,391
Total Revenue per Audited Statements
$17,215,782
Total Revenue per Form 990
$4,891,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,671,001
Other Expenses$605,880
Salaries, Compensation, and Employee Benefits$17,784
Total Fundraising Expense$14,321
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,592,026--$1,592,026
Grants to Domestic Individuals$1,078,975--$1,078,975
Fees for Service Investment Mgmnt Fees-$180,852-$180,852
Fees for Services Accounting-$24,103-$24,103
Depreciation Depletion$19,071--$19,071
All Other Expenses$18,131--$18,131
Other Salaries and Wages-$16,442-$16,442
Other Expenses$168,004$143,142$14,321$14,321
Insurance$13,681--$13,681
Fees for Services Legal-$4,000-$4,000
Payroll Taxes-$1,342-$1,342
Travel$1,047--$1,047
Office Expenses$418--$418
Total Functional Expenses$2,891,353$388,991$14,321$3,294,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,313,200
Total Expenses per Form 990$3,294,665
Expenses per Audited Statements$3,113,813
Expenses Not Reported on Form 990$199,387
Expenses Not Reported on Financial Statements$180,852
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Morehead State UniversityMorehead, KY115Support of the University$1,592,026

International Summary

Offices
0
Employees
0
Spending
$1,301,620

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$1,301,620
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust for Morehead State University$10,427,195
Due to Morehead State University$834,986
Annuity Payable$622,640
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The audit committee reviews the year-end audit report and the independent auditors deliver the audit report to the full board. Once the 990 is compiled from the audited financials, it is reviewed by the foundation's treasurer and signed and submitted. At the board meeting following the submission of the 990, it is announced to the board that it has been filed and available for them to view on the foundation's web page.

Form 990, Part VI, Section B, Line 12C

The financial management and investment policy contains the conflict of interest policy and at each board meeting it is requested that each member of the board adhere to each policy listed.

Form 990, Part VI, Section B, Line 15

Morehead state university is the employer for all msu-f employees. In contract with the foundation, msu has the full power, authority and responsibility to employ, train, supervise, evaluate and discharge staff persons. All wages, compensation and benefits provided to the staff are determined by msu and are based on qualifications and job performance assessed annually. Msu monitors asae industry medians for trade association compensation.

Form 990, Part VI, Section C, Line 19

The organization's website can be used to view the governing documents, conflict of interest policy within the financial management & investment policy manual, and its financial statements.

Filing and Contact Details

Filer

Filer Name
Morehead State University Foundation
EIN
31-1003236
Phone
6067832599
Address
150 UNIVERSITY BLVD, MOREHEAD, KY 40351

Signing Officer

Name
Richard L Hesterberg
Title
CEO
Phone
6067832599
Signed
2021-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard L Hesterberg
Formed
1979
Legal Domicile
Ky
Voting Board Members
24
Independent Board Members
24
Employees
4
Volunteers
24

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
250 W MAIN STREET STE 1400, LEXINGTON, KY 40507
Preparer
Allison C Carter
Phone
8592552341
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Annuity liability adjustment -80,661. Bad debt on pledges receivable -37,029.

FORM 990, PART XII, LINE 2C:

The organization did not change either its oversight process or selection process during the tax year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Annuity liability adjustment -80,661.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Bad debt on pledges receivable 37,030.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm15MR GARY MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm16MR BRIAN G NURICK
IRS990/Form990PartVIISectionAGrp/PersonNm17MR ANDRE PREFONTAINE
IRS990/Form990PartVIISectionAGrp/PersonNm18MR BOB SCHENA
IRS990/Form990PartVIISectionAGrp/PersonNm19MR ED STROSNIDER
IRS990/Form990PartVIISectionAGrp/PersonNm20MS HEATHER THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm21MS JANICE TOWLES
IRS990/Form990PartVIISectionAGrp/PersonNm22DR WILLI WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm23MR CHRISTOPHER WRIGHT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0535494
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantAmt01438961
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01078975
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01078975
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01592026
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01592026
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07129651
IRS990/GrossReceiptsAmt011485400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt013681
IRS990/InsuranceGrp/TotalAmt013681
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0715000
IRS990/InvestmentIncomeGrp/ExclusionAmt0360290
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0308019
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0-52271
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt044836354
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt060725851
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08536736
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05717982
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0246282
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0215606
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0198765
IRS990/LandBldgEquipCostOrOtherBssAmt0445047
IRS990/LegalDomicileStateCd0KY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06594157
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt048336165
IRS990/NetAssetsOrFundBalancesEOYAmt062238748
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0535494
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0535494
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt012423695
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1746577
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1049055
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0125818
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0418
IRS990/OfficeExpensesGrp/TotalAmt0418
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-117690
IRS990/OtherExpensesGrp/Desc0INCOME TAXES
IRS990/OtherExpensesGrp/Desc1OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc2SOFTWARE AND MAINTENANC
IRS990/OtherExpensesGrp/Desc3FUNDRAISING EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt014321
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03721
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115389
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2143142
IRS990/OtherExpensesGrp/ProgramServicesAmt0168004
IRS990/OtherExpensesGrp/TotalAmt03721
IRS990/OtherExpensesGrp/TotalAmt1183393
IRS990/OtherExpensesGrp/TotalAmt2143142
IRS990/OtherExpensesGrp/TotalAmt314321
IRS990/OtherLiabilitiesGrp/BOYAmt011426455
IRS990/OtherLiabilitiesGrp/EOYAmt011884821
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0MSU EVENTS
IRS990/OtherRevenueMiscGrp/Desc1ATHLETIC INCOME
IRS990/OtherRevenueMiscGrp/Desc2UNDERWRITING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0485514
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1173602
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt28568
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0485514
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1173602
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28568
IRS990/OtherRevenueTotalAmt0667684
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016442
IRS990/OtherSalariesAndWagesGrp/TotalAmt016442
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01342
IRS990/PayrollTaxesGrp/TotalAmt01342
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05391771
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05186595
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD L HESTERBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP FUND - PROVIDED SCHOLARSHIPS FOR ELIGIBLE STUDENTS AT MOREHEAD STATE UNIVERSITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01078975
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01078975
IRS990/ProgSrvcAccomActy3Grp/Desc0EAGLE ATHLETIC FUND - PROVIDED ASSISTANCE TO THE VARIOUS SPORTS PROGRAMS AT MOREHEAD STATE UNIVERSITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0197831
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0153065
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENDOWMENT FUND - PROVIDED SUPPORT TO MOREHEAD STATE UNIVERSITY FOR PROFESSORSHIPS, CHAIRS, AND RESEARCH PROJECTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0175586
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08884209
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02862973
IRS990/PYInvestmentIncomeAmt0170952
IRS990/PYOtherExpensesAmt01070435
IRS990/PYOtherRevenueAmt0699343
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05775016
IRS990/PYSalariesCompEmpBnftPaidAmt046080
IRS990/PYTotalExpensesAmt03979488
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09754504
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01596578
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.0$12.6$79.4$12.8$6.75$6.06
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.0$13.2$71.8$10.2$6.69$3.50
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$12.1$63.8$6.48$6.29$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.0$11.4$59.6$5.63$4.86$0.76
2021Detailed filing. Detailed filing data is available for this year.$74.1$11.9$62.2$4.89$3.29$1.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.8$11.5$48.3$9.75$3.98$5.78
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.1$11.7$44.4$6.24$5.15$1.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.7$11.6$43.1$5.89$4.68$1.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.4$11.8$41.6$11.3$4.19$7.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$11.8$34.2$5.49$5.85$0.37
2015Detailed filing. Detailed filing data is available for this year.$51.0$14.8$36.2$4.88$5.83$0.95
2014Detailed filing. Detailed filing data is available for this year.$51.6$13.4$38.2$9.21$3.96$5.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.3$13.3$29.0$2.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.3$13.4$25.9$5.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$13.2$26.5$3.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.9$12.3$17.7$3.21