Civic Intelligence

Wichita State University Foundation

EIN 48-6121167 • 501(c)3 • Wichita, KS

View Organization Page

Profile

The wichita state university foundation, as the private fund raising organization of the university, seeks to advance the mission of the university by identifying, cultivating and soliciting private support from individuals, corporations and foundations. Private contributions are necessary to support the programs and vision of the university. Its private status ensures the donor's right of anonymity and its ability to support the university's mission. The foundation further seeks to build and foster relationships with internal and external constituencies, which mutually benefit the university, the wichita community, and the state of kansas.

1845 Fairmount Campus Box 2Wichita, KS 67260-0002

foundation.wichita.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.03x

Higher debt load relative to assets than 14% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

33rd percentile

0.29x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

89th percentile

38%

Higher net margin than 89% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

28th percentile

$475,687

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

49th percentile

5.3%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$415,007,699

Up $18,995,805 (+4.8%) from 2024

Liabilities

Down

$14,123,805

Down $3,215,491 (-19%) from 2024

Net Assets

Up

$400,883,894

Up $22,211,296 (+5.9%) from 2024

Operations
Liabilities / Revenue33rd percentileNet Margin89th percentile

Revenue

Up

$48,636,666

Up $10,591,064 (+28%) from 2024

Expenses

Up

$30,378,446

Up $266,639 (+0.9%) from 2024

Net Income

Up

$18,258,220

Up $10,324,425 (+130%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $204,633,658Liabilities 2010: $13,981,605Net Assets 2010: $190,652,0532010Assets 2011: $234,553,930Liabilities 2011: $16,198,198Net Assets 2011: $218,355,7322011Assets 2012: $226,471,763Liabilities 2012: $15,904,379Net Assets 2012: $210,567,3842012Assets 2013: $244,298,600Liabilities 2013: $17,442,952Net Assets 2013: $226,855,6482013Assets 2014: $265,630,332Liabilities 2014: $17,119,990Net Assets 2014: $248,510,3422014Assets 2015: $279,631,172Liabilities 2015: $18,676,816Net Assets 2015: $260,954,3562015Assets 2017: $300,998,937Liabilities 2017: $19,947,790Net Assets 2017: $281,051,1472017Assets 2018: $340,649,954Liabilities 2018: $21,615,397Net Assets 2018: $319,034,5572018Assets 2019: $361,712,805Liabilities 2019: $20,603,821Net Assets 2019: $341,108,9842019Assets 2020: $343,537,601Liabilities 2020: $18,153,247Net Assets 2020: $325,384,3542020Assets 2021: $395,573,939Liabilities 2021: $18,949,621Net Assets 2021: $376,624,3182021Assets 2022: $377,844,366Liabilities 2022: $18,589,553Net Assets 2022: $359,254,8132022Assets 2023: $374,335,716Liabilities 2023: $16,001,941Net Assets 2023: $358,333,7752023Assets 2024: $396,011,894Liabilities 2024: $17,339,296Net Assets 2024: $378,672,5982024Assets 2025: $415,007,699Liabilities 2025: $14,123,805Net Assets 2025: $400,883,8942025

Highlighted filing

2025

Assets$415,007,699
Liabilities$14,123,805
Net Assets$400,883,894
Open 2025 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $13,269,5032010Expenses 2011: $17,278,0272011Expenses 2012: $15,156,5532012Revenue 2013: $29,629,082Expenses 2013: $15,256,131Net Income 2013: $14,372,9512013Revenue 2014: $23,404,840Expenses 2014: $16,109,744Net Income 2014: $7,295,0962014Revenue 2015: $36,588,861Expenses 2015: $18,827,783Net Income 2015: $17,761,0782015Revenue 2017: $26,319,313Expenses 2017: $18,747,436Net Income 2017: $7,571,8772017Revenue 2018: $48,979,084Expenses 2018: $19,716,509Net Income 2018: $29,262,5752018Revenue 2019: $67,827,086Expenses 2019: $21,262,499Net Income 2019: $46,564,5872019Revenue 2020: $29,828,605Expenses 2020: $33,120,336Net Income 2020: -$3,291,7312020Revenue 2021: $54,337,024Expenses 2021: $29,835,588Net Income 2021: $24,501,4362021Revenue 2022: $48,848,227Expenses 2022: $38,589,381Net Income 2022: $10,258,8462022Revenue 2023: $35,816,364Expenses 2023: $40,437,051Net Income 2023: -$4,620,6872023Revenue 2024: $38,045,602Expenses 2024: $30,111,807Net Income 2024: $7,933,7952024Revenue 2025: $48,636,666Expenses 2025: $30,378,446Net Income 2025: $18,258,2202025

Highlighted filing

2025

Revenue$48,636,666
Expenses$30,378,446
Net Income$18,258,220
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$415,007,699
Liabilities
$14,123,805
Net assets
$400,883,894
Revenue
$48,636,666
Expenses
$30,378,446
Net income
$18,258,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$415$14.1$401$48.6$30.4$18.3
2024Detailed filing. Detailed filing data is available for this year.$396$17.3$379$38.0$30.1$7.93
2023Detailed filing. Detailed filing data is available for this year.$374$16.0$358$35.8$40.4$4.62
2022Detailed filing. Detailed filing data is available for this year.$378$18.6$359$48.8$38.6$10.3
2021Detailed filing. Detailed filing data is available for this year.$396$18.9$377$54.3$29.8$24.5
2020Detailed filing. Detailed filing data is available for this year.$344$18.2$325$29.8$33.1$3.29
2019Detailed filing. Detailed filing data is available for this year.$362$20.6$341$67.8$21.3$46.6
2018Detailed filing. Detailed filing data is available for this year.$341$21.6$319$49.0$19.7$29.3
2017Detailed filing. Detailed filing data is available for this year.$301$19.9$281$26.3$18.7$7.57
2015Detailed filing. Detailed filing data is available for this year.$280$18.7$261$36.6$18.8$17.8
2014Detailed filing. Detailed filing data is available for this year.$266$17.1$249$23.4$16.1$7.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$244$17.4$227$29.6$15.3$14.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$15.9$211$15.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$235$16.2$218$17.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$205$14.0$191$13.3
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$71,145,449
Mission and Program Overview

Mission

The wichita state university foundation, as the private fund raising organization of the university, seeks to advance the mission of the university by identifying, cultivating and soliciting private support from individuals, corporations and foundations. Private contributions are necessary to support the programs and vision of the university. Its private status ensures the donor's right of anonymity and its ability to support the university's mission. The foundation further seeks to build and foster relationships with internal and external constituencies, which mutually benefit the university, the wichita community, and the state of kansas.

Fundraising for wsu and managing the contributions, investments and distributing support to wsu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$242,589,566$240,871,794▼ $1,717,772
Investments in Publicly Traded Securities$98,025,302$108,033,015▲ $10,007,713
Pledges and Grants Receivable$14,193,899$18,951,906▲ $4,758,007
Savings and Temporary Cash Investments$12,146,773$17,229,486▲ $5,082,713
Land, Buildings, and Equipment, Net$2,846,492$2,773,312▼ $73,180
Total Assets$396,011,894$415,007,699▲ $18,995,805
Other Assets Total$26,209,862$27,148,186▲ $938,324
Liabilities
Accounts Payable and Accrued Expenses$17,339,296$14,123,805▼ $3,215,491
Total Liabilities$17,339,296$14,123,805▼ $3,215,491
Net Assets / Fund Balance
Net Assets With Donor Restrictions$359,847,565$381,155,142▲ $21,307,577
Net Assets Without Donor Restrictions$18,825,033$19,728,752▲ $903,719
Total Net Assets Fund Balance$378,672,598$400,883,894▲ $22,211,296
Total Liabilities and Net Assets / Fund Balance$396,011,894$415,007,699▲ $18,995,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,063,887$273,280$2,337,167
Equipment$112,250$931,979$1,044,229
Land$597,175-$597,175
Other Assets Org$131,554--
Other Securities$2,364,937--
Financial Derivatives$114,242,752--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$362,347,851$22,606,781▲ $22,720,900$15,608,483$383,688,923
2024$342,922,805$17,311,414▲ $27,329,460$17,268,626$362,347,851
2023$346,513,440$18,203,618▲ $13,379,576$27,076,068$342,922,805
2022$361,346,304$22,198,267▲ $79,961$30,250,027$346,513,440
2021$313,598,305$18,604,707▲ $56,143,356$20,760,619$361,346,304
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth H KingPresident/ceFT$354,341$40,018$394,359
Elizabeth H KingPresident/CEO-$236,972$157,387$394,359
Telly McgahaPresident/ceFT$271,108$49,202$320,310
Telly McgahaPresident/CEO-$271,108$49,796$320,310
Susan BarrettVP of Fin/opFT$196,024$56,397$252,421
Susan BarrettVP of Fin/oper-$195,430$56,913$252,421
Darin KaterVP of DeveloFT$184,531$48,508$233,039
Darin KaterVP of Development-$184,015$48,598$233,039
Stacie WilliamsonVP Alumni EnFT$153,111$34,198$187,309
Stacie WilliamsonVP Alumni Engagement-$153,021$34,402$187,309
Ted KimbleAssociate VPFT$119,112$42,079$161,191
Angela DudleyAssociate VPFT$114,137$39,620$153,961
Nathaniel KochAssociate VPFT$121,106$27,991$149,097
Jessie RaineyAssociate VPFT$109,969$34,871$144,840
Sheila KrugVP of FinancFT$106,625$30,092$136,717

Board Members and Trustees

NameTitle
Jay SmithChair
Pamela AmmarChair-elect
Barry SchwanDirector
Don BarryDirector
John WadsworthDirector
Julia-ellen AcostaDirector
Junetta EverettDirector
Kelly HarrisonDirector
Maggie ToppingDirector
Marilyn PaulyDirector
Mark FinucaneDirector
Mike JamesDirector
Shadi MarcosDirector
Lynn NicholsPast Board C
Wayne ChambersAudit Commit
Sheryl WohlfordSecretary
Shawn PennerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Eby ConstructionConstruction2525 E 36TH CIRCLE NORTH, Wichita, KS 67219$1,010,447
Clark Huesemann LcArchitectrual927 1/2 MASSACHUSETTS ST, Lawrence, KS 66044$171,699
Astric Technology LLCAdvisoryPO BOX 415773, Boston, MA 02241$136,976
Convergint TechnologiesSecurity35257 EAGLE WAY, Chicago, IL 60678$127,753
Revenue and Support

Revenue Composition

Contributions and Grants
$24,929,922
Program Service Revenue
$0
Investment Income
$21,002,670
Other Revenue
$2,704,074
All Other Contributions
$22,954,531
Change in Net Assets
$18,258,220

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded61$1,131,964High Low Avg Day Received
Works of Art73$170,805Appraisal If Over 4,999
Total Noncash Contributions134$1,302,769-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,378,827
Revenue Not Reported on Financial Statements
$257,839
Revenue Not Reported on Form 990
$4,465,127
Other Revenue Adjustments
$-42,732
Total Revenue per Audited Statements
$52,843,954
Total Revenue per Form 990
$48,636,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,665,229
Grants and Similar Amounts Paid$8,378,126
Salaries, Compensation, and Employee Benefits$6,335,091
Total Fundraising Expense$3,931,138
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$8,378,126--$8,378,126
Other Salaries and Wages-$1,949,016$2,125,216$4,074,232
Other Employee Benefits$32,801$489,035$508,682$1,030,518
Current Officers, Directors, Trustees, and Key Employees$157,678$401,838$320,084$879,600
Other Expenses$434,900$95,174$804,024$530,074
Payroll Taxes$11,164$166,445$173,132$350,741
Fees for Service Investment Mgmnt Fees-$300,571-$300,571
Depreciation Depletion$191,048--$191,048
Total Functional Expenses$22,491,245$3,956,063$3,931,138$30,378,446

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$30,632,658
Total Expenses per Form 990$30,378,446
Expenses per Audited Statements$30,077,875
Expenses Not Reported on Form 990$554,783
Expenses Not Reported on Financial Statements$300,571
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,732
Fundraising Gross Income$35,925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heritage Gala$35,925$35,925$20,740$15,185
Total Events$35,925$35,925$42,732$-6,807
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Marilyn B PaulyDirectorBond Fund InvestmentNo$15,137,601
Jay SmithDirectorBond Fund InvestmentNo$13,063,723
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
Yes
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, Page 6, Part VI, Line 2

“Marilyn b. Pauly board member jay smith board member”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and approved by the organization's audit committee prior to submitting the return to the internal revenue service. The 990 is available on our website and our board is apprised of the option to review it there.”

Form 990, Page 6, Part VI, Line 12C

“Policy is reviewed annually and form is signed by each director of the board that they understand and are in compliance with the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“The board chair and executive committee review and approves the president's and ceo's salary. An annual comparison of salaries to the ks board of regents institutions and washburn university is performed.”

Form 990, Page 6, Part VI, Line 15B

“The organization reviews salary pools with the executive committee and the president & ceo reviews the vp's salary changes with the board chair. An annual comparison of salaries to the ks board of regents institutions and washburn university is performed.”

Form 990, Page 6, Part VI, Line 19

“At the current time, the organization does not make its governing documents or conflict of interest policy available to the public. A copy of the form 990 is available on the organization's website and a copy of the audit is available upon request as noted on the website.”

Filing and Contact Details

Filer

Filer Name
Wichita State University Foundation
EIN
48-6121167
Phone
3169783810
Address
1845 FAIRMOUNT CAMPUS BOX 2, WICHITA, KS 67260-0002

Signing Officer

Name
Sheila Krug
Title
VP of Finance & Oper
Phone
3169783816
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Telly Mcgaha
Formed
1965
Legal Domicile
Ks
Voting Board Members
19
Independent Board Members
18
Employees
84
Volunteers
17

Preparer

Firm
Swindoll Janzen Hawk & Loyd LLC
Address
220 W DOUGLAS AVE SUITE 300, WICHITA, KS 67202
Preparer
Adam L Grilliot Cpapfs
Phone
3162655600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The wichita state university foundation, as the private fund raising organization of the university, seeks to advance the mission of the university by identifying, cultivating and soliciting private support from individuals, corporations and foundations. Private contributions are necessary to support the programs and vision of the university. Its private status ensures the donor's right of anonymity and its ability to support the university's mission. The foundation further seeks to build and foster relationships with internal and external constituencies, which mutually benefit the university, the wichita community, and the state of kansas.”

Form 990, Part XI, Line 9

“Fundraising expense reported in revenue on 990 42,732 fundraising exp included in revenue on 990 -42,732”

Financial Statement Notes

Schedule D, Page 1, Part II, Line 9

“No impact in fiscal year 2025. The conservation easement is actually with the university and the revenues will be received and spent on the university's books, not on the foundation. The foundation owns the property for the biology department's use.”

Schedule D, Page 2, Part III, Line 4

“The ulrich museum and holmes anthropology museum provide learning opportunities for students and faculty in both the college of fine arts and liberal arts & sciences, where the anthropology department is located. The collections of both are used by faculty members in teaching students. The foundation's nonprofit status is to serve as the fundraising arm of the university which would include any tools used by students and faculty.”

Schedule D, Page 2, Part V, Line 4

“Support to wsu through scholarships/fellowships, faculty support, building projects, and other priorities for the university.”

Schedule D, Page 3, Part X

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The organization is subject to federal income tax on any unrelated business taxable income. Wsuf real estate holdings, llc does not incur income taxes; instead, its earnings are included in the organizations income tax return and taxed depending on the organizations tax situation. The consolidated financial statements, therefore, do not include a provision for income taxes. The organizations present accounting policy for the evaluation of uncertain tax positions is to review those positions on an annual basis. A liability would be recorded in the financial statements during the period which, based on all available evidence, management believes it is more likely than not that the tax position would not be sustained upon examination by taxing authorities and the liability would be incurred by the organization. The organization did not have any material uncertain tax positions as of june 30, 2025.”

Schedule D, Page 4, Part XI, Line 4B

“Fundraising expense reported in revenue on 990 -42,732”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising exp included in revenue on 990 42,732”

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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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