The Ohio University Foundation

“The Ohio University Foundation is a component unit of Ohio University (the University) and compensation is established by the University. The University's process for establishing the compensation for President and CEO, Nico Karagosian and Lyn Redington, included contracting with an executive search firm that provided a compensation analysis based on review of similar sized organizations and positions. In addition, CUPA-HR data was reviewed for similar positions at other public universities in Ohio, in the Mid-American Conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration Ohio University's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by University General Counsel.”

“The ohio university foundation is a component unit of ohio university (the university) and compensation is established by the university. The university's process for establishing the compensation for treasurer & cfo candice casto and ohio university president lori stewart-gonzalez included a review of cupa-hr data for similar positions at other public universities in ohio, in the mid-american conference, and in an aspirational peer group. Compensation was set at a level commensurate with those comparisons, taking into consideration ohio university's size and complexity in comparison with the other institutions examined. In addition, the employment contract was reviewed and approved by university general counsel. A compensation study conducted during fiscal year 2021 confirmed that this compensation is still aligned with national averages of similar sized organizations and positions.”

“In fiscal year 2024, The Ohio University Foundation updated the Code of Regulations to add a Governance Committee to the list of standing committees. Following this update, there are seven standing committees of the Foundation Board, as follows: Executive, Membership, Development, Finance, Investment, Audit, and Governance.”

“The form 990 and supplemental schedules were reviewed by the organization's management and audit committee, then provided to each member of the governing body prior to filing with the irs.”

“The conflict of interest policy for The Foundation covers all members of the Board of Trustees. The policy requires that all potential conflicts be presented to the Chairperson of The Foundation for purposes of review and possible remedial or management action, including the removal of a trustee, and further requires such conflicts be updated annually. Remedial or management action could include, but not be limited to, full disclosure, refusal and abstention in discussions and votes, and ending of the conflict of interest circumstances. In cases where an actual or potential conflict of interest cannot be resolved by remedial or management action, the Trustee will be removed from his/her position.”

“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. Governing documents and conflict of interest policies are not routinely made available to the public at this time. However, the Foundation's audited financial statements are available to the public via a website maintained by Ohio University. Also, as the Foundation is affiliated with Ohio University, which is subject to Ohio's public records law, the Foundation's financial statements, governing documents, and conflict of interest policies are made available in response to appropriate public records requests.”

“Equity method investments - Total Revenue: -173758, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: -173758;”

“Ohio University (OU) (EIN 31-6402113) is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of W-2s reported on Form W-3 by OU was 13,634, of which the number of W-2s reported and filed for 2023 by OU for OUF was approximately 106 .”

“Ohio University (OU) (EIN 31-6402113) is the common paying agent for Ohio University Foundation (OUF). Therefore, all applicable IRS tax compliance filings are reported by OU on behalf of OUF. The number of 1099s reported on Form 1096 by OU on behalf of OUF was 158.”

“Change in value of split interest agreements - 276627; Uncollectible pledges written off - -672789;”