2024-03-14T12:11:54+00:00 2023-06-30 350921680 CROWE LLP 541 Darby Creek Suite 270 Lexington KY 405092710 990 2022-07-01 611358086 Western Kentucky University Research Foundation Inc WEST 2707455338 1906 College Heights Blvd 11016 Bowling Green KY 421011016 Henry Steen President 2707455338 2024-03-14 true Henry Steen 999009999 Luke Lamb P01936021 8592526738 2022 2023-04-26 12:10:37Z Henry Steen 1906 College Heights Blvd 11016 Bowling Green KY 421011016 108692 false X www.wku.edu/wkurf X 2000 KY THE MISSION OF THE WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. IS TO PROMOTE SCHOLARLY RESEARCH AND TO SERVE AS WESTERN KENTUCKY UNIVERSITY'S AGENT IN THE RECEIPT OF INTELLECTUAL PROPERTY INCOME, AND IN THE PROTECTION, DEVELOPMENT, AND COMMERCIALIZATION OF INTELLECTUAL PROPERTIES. 7 5 0 9 0 0 0 0 129074 108640 0 0 0 52 129074 108692 50000 15907 0 0 0 0 0 10396 55231 60396 71138 68678 37554 1012514 1444408 600321 994661 412193 449747 The mission of the WKURF is to promote scholarly research and to serve as Western Kentucky University's agent in the receipt of intellectual property income, and in the protection, development, and commercialization of intellectual properties. false false 56652 15907 108640 THE MISSION OF THE WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. IS TO PROMOTE SCHOLARLY RESEARCH AND TO SERVE AS WESTERN KENTUCKY UNIVERSITY'S AGENT IN THE RECEIPT OF INTELLECTUAL PROPERTY INCOME, AND IN THE PROTECTION, DEVELOPMENT, AND COMMERCIALIZATION OF INTELLECTUAL PROPERTIES. 56652 true false false false false false false false false true false false true false false false true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 17 0 true 0 false false false false false false false false false false false false X 7 5 false false false false false false false true true false false true true true true true true false false false KY X Henry Steen 2707455338 1906 College Heights Blvd Bowling Green KY 42101 LAURA HAGAN Chair 1.0 0.0 X X 0 0 0 MICHAEL COWLES Vice Chair 1.0 0.0 X X 0 0 0 JEFF HOOK Director 1.0 39.0 X 0 120270 39694 MICHAEL MINTER Director 1.0 0.0 X 0 0 0 RON BUNCH Director 1.0 0.0 X 0 0 0 Vijay Kamineni Director 1.0 0.0 X 0 0 0 Whitney Peake Director 1.0 39.0 X 0 180531 42133 Henry Steen President 1.0 39.0 X 0 144924 33033 0 445725 114860 0 false true false 0 0 ADMINISTRATION FEES 900099 108640 108640 0 0 0 0 108640 52 52 0 0 0 0 0 0 0 0 0 108692 108640 0 52 X 15907 15907 6040 6040 8446 8446 25000 25000 0 0 14821 14821 924 924 0 0 0 0 71138 56652 14486 0 342938 380491 0 0 0 0 69255 0 69255 69255 0 0 600321 994662 1012514 1444408 600321 994661 0 0 0 0 600321 994661 X 412193 449747 412193 449747 1012514 1444408 37554 0 X false true X true false X X 1 Western Kentucky University 616055628 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false false Schedule A, Part IV, Section C, Line 1 Majority director detail PER THE BYLAWS OF WKURF, THE NUMBER OF VOTING DIRECTORS SHALL BE SEVEN AT A MINIMUM. AT LEAST FOUR WILL BE FROM THE COMMUNITY AT LARGE AND THE REMAINDER FROM WESTERN KENTUCKY UNIVERSITY. THE FOLLOWING OFFICERS OF WESTERN KENTUCKY UNIVERSITY WILL BE NON-VOTING DIRECTORS, APPOINTED EX OFFICIO: -THE PRESIDENT OF WESTERN KENTUCKY UNIVERSITY -THE PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS OF WESTERN KENTUCKY UNIVERSITY -THE SENIOR VICE PRESIDENT FOR FINANCE AND ADMINISTRATION OF WESTERN KENTUCKY UNIVERSITY THESE DIRECTORS MAY APPOINT ANOTHER OFFICER OF WESTERN KENTUCKY UNIVERSITY TO ACT IN THEIR PLACE. 69255 69255 69255 Funds Held for Others 994662 994662 true The Nashville Entrepreneur Center 41 Peabody Street Nashville TN 37210 271230916 501(C)(3) 0 15907 FMV Books Books to distribute at events 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Accounting for WKURF awards is done in the Grants and Contracts Accounting office of WKU. The Grants and Contracts Accounting office has a staff of four to maintain internal controls, prepare invoicing, financial reporting and oversight of expenditures. WKU has a separate unit to process accounts payable, a Cashier's Office to receive payments and an internal auditor for additional oversight. false false false false false false false false false JEFF HOOK Director 0 120270 0 0 0 0 0 20357 0 19337 0 159964 0 0 Whitney Peake Director 0 180531 0 0 0 0 0 29969 0 12164 0 222664 0 0 Henry Steen President 0 144924 0 0 0 0 0 23188 0 9845 0 177957 0 0 Form 990, Part VI, Line 15a COMPENSATION REVIEW THE ORGANIZATION HAS NO EMPLOYEES. ALL PEOPLE ASSOCIATED WITH THE ORGANIZATION ARE PAID BY WESTERN KENTUCKY UNIVERSITY. THE PRESIDENT OF THE UNIVERSITY SETS ALL COMPENSATION AMOUNTS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee will exercise immediate supervision over the operation of the WKURF to deal with any problems or questions that may arise between Board meetings, unless a special Board meeting is called to address such problems or questions. For this purpose, the Executive Committee will exercise full administrative authority and will possess all the powers and duties of the Board in the interim between meetings, except as limited by these Bylaws or by specific instructions of the Board. The Executive Committee will not have power to recommend or elect Directors or to remove from office members of the Executive Committee or any Officers elected by the Board. It will report at the next Board meeting any actions taken by it in accordance with the Bylaws, and such action will be deemed an action of the Board. The Executive Committee will be composed of the Chair, Vice Chair, Secretary, and Executive Director. The Chair or the Vice Chair will preside at meetings of the Executive Committee, and the Executive Director of the WKURF or his/her designee will keep the minutes. At any meeting of the Executive Committee, a majority of the voting members of the Executive Committee must be present for a quorum for the transaction of business. The affirmative vote of a majority of the voting members present will be necessary for the passage of any resolutions or the taking of any action by the Executive Committee. Form 990, Part VI, Line 11b Review of form 990 by governing body A complete copy of the return will be distributed via email for review by all board members, the president, and the business officer before filing. Form 990, Part VI, Line 12c Conflict of interest policy The organization sends out a COI certification to each board member electronically. The responses are reviewed to determine if any conflicts exist. This is done on an annual basis. If a conflict is noted, the board member would excuse him/herself from any vote pertaining to the issue in question. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE HOUSED IN THE OFFICE OF RESEARCH AND ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Consulting Expenses - Total Expense: 25000, Program Service Expense: 25000, Management and General Expenses: , Fundraising Expenses: ; WESTERN KENTUCKY UNIVERSITY 1906 COLLEGE HEIGHTS BLVD BOWLING GREEN KY 42101 616055628 Education KY NA false false false false false false false false false false false false false false true true true false true false