2024-11-15T08:19:23-06:00 2023-12-31 273858252 DEAN DORTON ALLEN FORD PLLC 435 N WHITTINGTON PKWY STE 400 LOUISVILLE KY 40222 990 2023-01-01 610459494 COLLEGE HEIGHTS FOUNDATION INC COLL 2707454597 1703 CHESTNUT STREET BOWLING GREEN KY 42101 DONALD SMITH PRESIDENT 2707454597 2024-11-14 1 0 AMELIA SEBASTIAN P01251828 5025896050 2023 2024-10-15 13:58:12Z X DONALD SMITH 1703 CHESTNUT STREET BOWLING GREEN KY 42101 74889433 0 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. 13 13 3 19 0 0 9371686 13866852 0 0 2027250 9143788 0 56755 11398936 23067395 6881143 7719797 0 0 717662 45792 0 0 125199 1513192 9569580 9111997 17335169 2286939 5732226 105542528 257436367 5942147 29571850 99600381 227864517 X THE COLLEGE HEIGHTS FOUNDATION PROVIDES ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS WHILE ADVANCING WESTERN KENTUCKY UNIVERSITY BY OFFERING FINANCIAL SUPPORT. THE CHF SERVES AS THE OFFICIAL REPOSITORY FOR PRIVATE GIFTS IN SUPPORT OF WKU AND IS COMMITTED TO SUPPORTING THE UNIVERSITY'S MISSION BY RECEIVING, INVESTING, STEWARDING, AND DISBURSING PRIVATE GIFTS IN ACCORDANCE WITH DONOR INTENT. 0 0 14443174 7719797 THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY UNIVERSITY. 14443174 1 1 0 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 99 0 1 3 1 0 0 0 0 0 1 1 0 0 1 0 0 0 X 13 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X DONALD SMITH 2707454597 1703 CHESTNUT STREET BOWLING GREEN KY 42101 PAUL CALICO DIRECTOR 1.00 X 0 0 0 GEN E DANIEL 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 JENNIFER GREULICH DIRECTOR 1.00 X 0 0 0 R HARVEY JOHNSTON III DIRECTOR 1.00 X 0 0 0 MARC A LOVELL DIRECTOR 1.00 X 0 0 0 JIM MARTENS DIRECTOR 1.00 X 0 0 0 JERRY MARTIN DIRECTOR 1.00 X 0 0 0 KIM MENKE DIRECTOR 1.00 X 0 0 0 DEANNA MILLS DIRECTOR 1.00 X 0 0 0 JOE B NATCHER DIRECTOR 1.00 X 0 0 0 MICHAEL L SIMPSON DIRECTOR 3.00 X 0 0 0 SHANNON VITALE DIRECTOR 1.00 X 0 0 0 GARRY WATKINS DIRECTOR 1.00 X 0 0 0 MICHELLE WELLS DIRECTOR 1.00 X 0 0 0 BOB YOUNG DIRECTOR 1.00 X 0 0 0 TIMOTHY CABONI WKU PRESEIDENT (EX-OFFICIO BOARD MEMBER) 2.00 35.50 X 0 613995 57851 JESSICA CARVER VICE PRESIDENT 40.00 0.00 X 0 100008 25225 DONALD SMITH PRESIDENT 35.00 5.00 X 0 237058 60673 CYNTHIA WILKERSON TREASURER 35.00 5.00 X 0 156996 45776 SUE MILLER SECRETARY 8.00 X 0 3816 311 0 1111873 189836 0 0 1 0 JOHN THOMAS DESIGN LLC 1677 SUNSET PARK DRIVE NOLENSVILLE TN 37135 DESIGN SERVICES 262186 1 13866852 605955 13866852 4626230 4626230 9 9 27250 0 27250 27250 27250 56339596 51822038 4517558 4517558 4517558 MERCHANDISE SALES 611710 18626 18626 OTHER INCOME 900099 10870 10870 29496 23067395 29496 0 9171047 7719797 7719797 45792 45792 15573 15573 48945 48945 909926 909926 811655 779139 32516 67773 67773 479293 393244 85361 688 36003 36003 23615 23615 1095636 1019624 17317 58695 78449 77286 1163 23550 23550 52945 52945 REIMBURSED SALARIES AND 3544443 1953058 1591134 251 CAPITAL EXPENDITURES 1191449 1191449 0 0 GIFTS AND DONATIONS 664790 664790 MEMBERSHIP AND DUES 332534 332280 254 0 193001 144624 15328 33049 17335169 14443174 2766796 125199 3084761 6355782 757274 3268557 6500 0 0 68815 1365521 157211 955180 1208310 90947534 192787349 14259670 9791279 39487884 105542528 257436367 1551 802931 5940596 28768919 5942147 29571850 X 3011231 13792166 96589150 214072351 99600381 227864517 105542528 257436367 X 5732226 22145262 100386648 X 0 1 X 1 0 X 9617664 8444372 10079356 9371686 13866852 51379930 9617664 8444372 10079356 9371686 13866852 51379930 6530353 44849577 2581908 2029871 2190919 2027250 4653489 13483437 29496 29496 64892863 0.69110 0.76040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 X 84138835 4218337 96474009 2490014 182341167 80971610 4930678 -391318 1372135 84138835 75177071 6062670 690996 959127 80971610 71331225 4767529 154434 1076117 75177071 67219726 5272838 14677 1176016 71331225 0.05000 0.95000 0 0 443219 443219 521336 102248 419088 100965 54963 46002 300001 300001 1208310 FIDELITY 500 INDEX FUND 14259670 C 14259670 BENEFICIAL INTEREST-3RD PARTY TRUST 14360580 ASSETS HELD FOR OTHERS 25045200 CSV INSURANCE POLICY 57929 OPERARING LEASE ASSET 24175 39487884 OTHER LIABILITIES 169605 DEFERRED GIFT LIABILITIES 3529843 LIABILITY FOR ASSETS HELD FOR OTHERS 25045200 OPERATING LEASE LIABILITY 24271 28768919 X 47886084 22145262 2673427 24818689 23067395 0 23067395 17629383 294214 294214 17335169 0 17335169 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. PART IV, LINE 2B: ASSETS HELD FOR OTHERS REPRESENT RESOURCES IN THE POSSESSION OF, BUT NOT UNDER THE CONTROL OF, THE FOUNDATION. AT DECEMBER 31, 2023, ASSETS HELD FOR OTHERS CONSIST OF THE FOLLOWING: WKU - REGIONAL UNIVERSITY EXCELLENCE TRUST FUND $18,862,062; TINCHER FAMILY FUND - HILLTOPPER ATHLETIC FOUNDATION $114,879; HILLTOPPER ATHLETIC FOUNDATION $2,469,089; WKU ALUMNI ASSOCIATION $720,322; LIFEWORKS $2,506,318; GREEN RIVER $45,480; MARTENS ALUMNI CENTER $94,613; WKU - NON-FOUNDATION EMPLOYEE DEFERRED COMPENSATION BENEFIT PLAN $232,437; TOTAL ASSETS HELD FOR ANOTHER $25,045,200. ACCORDINGLY, THE BALANCE SHEET REFLECTS A LIABILITY FOR ASSETS HELD FOR OTHERS IN THE AMOUNT OF $25,045,200 AS OF DECEMBER 31, 2023. PART V, LINE 4: THE ORGANIZATION INTENDS TO USE THE ENDOWMENT FUNDS FOR SUPPORT OF WESTERN KENTUCKY UNIVERSITY. PART X, LINE 2: WHEN APPLICABLE, THE FOUNDATION RECOGNIZES UNCERTAIN 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ACTUARIAL GAIN FROM DEFERRED GIFT LIABILITIES 151,745. BENEFICIAL INTEREST IN THIRD PARTY TRUSTS 2,370,110. NON-CASH CONTRIBUTIONS 151,572. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR UNCOLLECTIBLE PLEDGES 142,642. NON-CASH CONTRIBUTIONS 151,572. 1 STUDENT SCHOLARSHIPS 2955 7719797 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 DECEMBER 31ST. THE SCHOLARSHIP COMMITTEE WILL ALSO REVIEW THE STUDENT'S TRANSCRIPTS TO ENSURE THE STUDENT IS IN GOOD ACADEMIC STANDING WITH THE UNIVERSITY. X 1 1 X 0 1 0 0 0 0 0 0 0 TIMOTHY CABONI WKU PRESEIDENT (EX-OFFICIO BOARD MEM 0 529723 0 0 0 84272 0 28842 0 29009 0 671846 0 0 DONALD SMITH PRESIDENT 0 237058 0 0 0 0 0 37609 0 23064 0 297731 0 0 CYNTHIA WILKERSON TREASURER 0 156996 0 0 0 0 0 24907 0 20869 0 202772 0 0 PART I, LINE 4B DR. TIMOTHY CABONI - $232,437 X 11 605955 QUOTED STOCK PRICE 2 0 1 1 PART I, LINE 32B: UPON RECEIPT OF GIFTS OF REAL ESTATE, THE FOUNDATION WILL EITHER ENGAGE THE CHF PROPERTY MANAGER TO ASSIST WITH THE SALE OF EACH PROPERTY OR HOLD THE REAL ESTATE PROPERTY. ALSO, OCCASIONALLY 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, THESE SECURITIES ARE PLACED IN THE FOUNDATION'S EQUITY INVESTMENT ACCOUNT AND SOLD PROMPTLY BY THE FOUNDATION'S FINANCIAL ADVISORS. FORM 990, PART VI, SECTION A, LINE 2 ALEXANDER DOWNING (DIRECTOR) AND DONALD SMITH (PRESIDENT) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ON A REGULAR BASIS BY ALL DIRECTORS AND ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 ALL SALARY DETERMINATIONS ARE MADE BY AN ANNUAL REVIEW OF INDEPENENT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, 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: NET ACTUARIAL GAIN FROM DEFERRED GIFT LIABILITIES 151,745. PROVISION FOR UNCOLLECTIBLE PLEDGES -142,642. BENEFICIAL INTEREST IN THIRD PARTY TRUSTS 2,370,110. WESTERN KENTUCKY FOUNDATION ASSETS MERGED 98,007,435. FORM 990, PART XI, LINE 9: EFFECTIVE JANUARY 1, 2023, WESTERN KENTUCKY UNIVERSITY FOUNDATION ("WKUF") WAS MERGED INTO THE COLLEGE HEIGHTS FOUNDATION'S ("FOUNDATION") FINANCIAL STATEMENTS. AS THE FOUNDATION AND WKUF ARE BOTH CHARITABLE ORGANIZATIONS DESIGNATED BY THE UNIVERSITY, THIS TRANSACTION WAS CONSIDERED A MERGER IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS UPDATE (ASU), 2018-08 NOT-FOR-PROFIT ENTITIES (TOPIC 958). WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 EDUCATION KY 115(1) N/A 0 WKU REAL ESTATE CORPORATION 1703 CHESTNUT STREET BOWLING GREEN KY 42101 611336292 REAL ESTATE KY 501 5 N/A 0 WESTERN KENTUCKY UNIVERSITY FOUNDATION 1703 CHESTNUT STREET BOWLING GREEN KY 42101 611251555 SUPPORT WESTERN KENTUCKY UNIVERSITY KY 501(C)(3) N/A 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 1 WKU REAL ESTATE CORPORATION D 1081076 REQUIRED CONTRACT PMTS WESTERN KENTUCKY UNIVERSITY FOUNDATION S 98007435 CARRYING VALUE PART V, LINE 1S: THE AMOUNT REPORTED FOR LINE 1S, OTHER TRANSFER OF CASH OR PROPERTY FROM RELATED ORGANIZATION(S) IS RELATED TO THE MERGER THAT TOOK PLACE ON JANUARY 1, 2023. SEE SCHEDULE O FOR MORE DETAIL.