2023-08-11T10:18:19-04:00 2022-12-31 454572379 HENSLEY & THRONEBERRY CPAS 324 EAST 10TH AVENUE BOWLING GREEN KY 421012110 990 2022-01-01 610459494 COLLEGE HEIGHTS FOUNDATION INC COLL 2707454597 1906 COLLEGE HEIGHTS BLVD 41016 BOWLING GREEN KY 42101 CYNTHIA WILKERSON TREASURER 2707454597 2023-08-10 true CYNTHIA WILKERSON 999009999 true STEVEN THRONEBERRY P01041673 2709042545 2023-08-11 2022 2023-04-26 12:10:37Z DONALD SMITH 11398936 false X WWW.WKU.EDU/CHF X 1923 KY TO PROVIDE ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY THROUGH THE ADMINISTRATION OF SCHOLARSHIPS. 9 9 0 10 0 10079356 9371686 0 2200919 2027250 0 12280275 11398936 6073903 6881143 0 595793 717662 0 23175 1074944 1513192 7744640 9111997 4535635 2286939 121076020 105542528 7139918 5942147 113936102 99600381 TO PROVIDE ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY THROUGH THE ADMINISTRATION OF SCHOLARSHIPS. false false 7786618 6881143 THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY UNIVERSITY. 7786618 true true false false false false false true false true true false false true true true true true false false false false false false false false false false true true false false false false false false false false true false false false false true false false false true 8 0 0 false false false false false true true false false true false false false X 9 9 true false true false false false false true true false false true true true true true true true true false KY X DONALD SMITH 2707454597 1906 COLLEGE HEIGHTS BLVD 41016 BOWLING GREEN KY 42101 TIMOTHY CABONI DIRECTOR 1.00 X 0 519494 164065 DONALD SMITH PRESIDENT 20.00 20.00 X 0 207600 54657 CYNTHIA WILKERSON TREASURER 20.00 20.00 X 0 152952 44853 JESSICA CARVER VICE PRESIDE 40.00 X 0 98604 25026 SUE MILLER SECRETARY 8.00 X 0 13583 1107 DAN CHERRY DIRECTOR 1.00 X 0 0 0 ALEXANDER DOWNING DIRECTOR 1.00 X 0 0 0 JACK GLASSER DIRECTOR 1.00 X 0 0 0 CLARENCE GLOVER DIRECTOR 1.00 X 0 0 0 R HARVEY JOHNSTON III DIRECTOR 1.00 X 0 0 0 JOE NATCHER JR DIRECTOR 1.00 X 0 0 0 MARC LOVELL DIRECTOR 1.00 X 0 0 0 JERRY MARTIN DIRECTOR 1.00 X 0 0 0 MICHAEL SIMPSON CHAIRMAN 3.00 X 0 0 0 992233 289708 false true false 9371686 400678 9371686 2027250 2027250 11398936 2027250 6881143 6881143 360034 360034 357628 357628 21375 21375 16500 16500 366952 366952 2573 2573 42617 42617 11770 11770 16173 16173 41953 41953 18378 18378 OTHER EXPENSES 905475 905475 FUNDRAISING 23175 23175 RENOVATION EXPENSES 9674 9674 EQUIPMENT AND FURNISHING 8076 8076 28501 28501 9111997 7786618 1302204 23175 6300431 3084761 757274 6500 1065520 110340 894025 955180 102411395 90947534 11470169 9791279 121076020 105542528 1551 7139918 5940596 7139918 5942147 X 3254157 3011231 110681945 96589150 113936102 99600381 121076020 105542528 X 2286939 -15579224 -1043436 X false true X true false X 6843021 9617664 8444372 10079356 9371686 44356099 6843021 9617664 8444372 10079356 9371686 44356099 2243777 42112322 2186450 2581908 2029871 2190919 2027250 11016398 5962 5962 55378459 -515472 0.76040 0.81250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 80971610 4930678 -391318 -1372135 84138835 75177071 6062670 690996 -959127 80971610 71331225 4767529 154434 -1076117 75177071 67219726 5272838 14677 -1176016 71331225 65595884 3294025 -408788 -1261395 67219726 0.03580 0.96420 false false 521336 521336 443219 69801 373418 100965 40539 60426 955180 BENEFICIAL INTEREST-3RD PARTY TRUST 6365312 ASSETS HELD FOR OTHERS 3346425 INTEREST & DIVIDENDS RECEIVABLE 62561 CSV INSURANCE POLICY 16981 9791279 LIABILITY FOR ASSETS HELD FOR OTHERS 3346425 REFUNDABLE ADV & GIFT ANNUITY LIAB 2594171 5940596 X -5590676 -15579224 -1043436 -16622660 11031984 366952 366952 11398936 8745045 8745045 366952 366952 9111997 SCHEDULE D, PAGE 1, PART III, LINE 1A A FOOTNOTE DISCLOSURE WAS NOT PRESENTED IN THE AUDITED FINANCIAL STATEMENTS DUE TO THE IMMATERIAL VALUE OF ARTWORK MAINTAINED BY AND LOANED TO THE FOUNDATION. SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION INTENDS TO USE ITS ENDOWMENT FUNDS TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING WESTERN KENTUCKY UNIVERSITY. SCHEDULE D, PAGE 3, PART X WHEN APPLICABLE, THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING A "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO SUCH UNCERTAIN TAX POSITIONS HAVE BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,043,436 false STUDENT SCHOLARSHIPS 3540 6881143 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION DISBURSES SCHOLARSHIPS EACH SEMESTER DIRECTLY TO THE UNIVERSITY. THE UNIVERSITY OR SCHOLARSHIP COMMITTEE SELECTS THE RECIPIENT(S)OF EACH SCHOLARSHIP BASED ON THE GUIDELINES AGREED UPON WHEN EACH SCHOLARSHIP WAS CREATED. EACH YEAR, IN DETERMINING WHETHER A RETURNING STUDENT QUALIFIES FOR SCHOLARSHIP RENEWAL AND IN ORDER TO RECEIVE FULL CONSIDERATION, A SCHOLARSHIP APPLICATION MUST BE COMPLETED AND SUBMITTED BY FEBRUARY 1ST. THE SCHOLARSHIP COMMITTEE WILL ALSO REVIEW THE STUDENT'S TRANSCRIPTS TO ENSURE THE STUDENT IS IN GOOD ACADEMIC STANDING WITH THE UNIVERSITY. X true true X false true false false false false false false false TIMOTHY CABONI DIRECTOR 519494 136007 28058 683559 DONALD SMITH PRESIDENT 207600 32936 21721 262257 CYNTHIA WILKERSON TREASURER 152952 24266 20587 197805 SCHEDULE J, PAGE 1, PART I, LINE 4 TIMOTHY CABONI 0 121,250 0 X 13 396178 QUOTED STOCK PRICE X GIFTS IN KIND 1 4500 MARKET VALUE false true true SCHEDULE M, PAGE 1, PART I, LINE 32B UPON RECEIPT OF GIFTS OF REAL ESTATE, THE FOUNDATION WILL EITHER ENGAGE A QUALIFIED REAL ESTATE PROFESSIONAL TO ASSIST WITH THE SALE OF EACH PROPERTY OR HOLD THE REAL ESTATE PROPERTY. ALSO, OCCASSIONALLY AN ENVIRONMENTAL FIRM WILL BE USED TO PERFORM EVALUATIONS OF POTENTIAL GIFTS OF REAL ESTATE TO ENSURE THERE ARE NO ENVIRONMENTAL PROBLEMS WITH THE PROPERTY. UPON RECEIPT OF PUBLICLY TRADED SECURITIES, THE SECURITIES ARE PLACED IN THE FOUNDATION'S EQUITY INVESTMENT ACCOUNT AND SOLD PROMPTLY BY THE FOUNDATION'S FINANCIAL ADVISORS. FORM 990, PAGE 6, PART VI, LINE 2 ALEX DOWNING DONALD SMITH DIRECTOR PRESIDENT FAMILY RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 4 THE NUMBER OF THE BOARD OF DIRECTORS SHALL BE NO LESS THAN FIVE (5) AND NO MORE THAN THIRTEEN (13). THE COMPOSITION OF THE BOARD SHALL BE COMPOSED OF THE UNIVERSITY PRESIDENT SERVING AS EX OFFICIO DIRECTOR AS A NON-VOTING MEMBER OF THE BOARD. THE TENURE AND TERMS OF THE AT-LARGE DIRECTORS SHALL BE FOR A TERM OF THREE YEARS AND CAN SERVE FOR THREE CONSECUTIVE TERMS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ON A REGULAR BASIS BY ALL DIRECTORS AND ARE REVIEWED ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A ALL SALARY DETERMINATIONS ARE MADE BY AN ANNUAL REVIEW OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B ALL SALARY DETERMINATIONS ARE MADE BY AN ANNUAL REVIEW OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION MAKES GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT THEIR OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -1,043,436 WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 EDUCATION KY 1151 NA false WKU REAL ESTATE CORPORATION 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 611336292 REALESTATE KY 501 5 NA false false false false true false false false false false false true false false true true true false true false WESTERN KENTUCKY UNIVERSITY R COST WESTERN KENTUCKY UNIVERSITY O COST WKU REAL ESTATE CORPORATION D 987006 REQUIRED CONTRACT PYMTS