2025-02-12T11:37:44+00:00 2024-06-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2023-07-01 356026021 Ross Ade Foundation ROSS 7655881061 1281 Win Hentschel Blvd West Lafayette IN 47906 SCOTT SEIDLE ASSISTANT TREASURER 7655881061 2025-02-12 true Brittney Kocaj P01320603 9542028600 2025-02-12 2023 2025-03-06 01:10:19Z Mung Chiang 1281 Win Hentschel Blvd West Lafayette IN 47906 3541514 false X N/A X 1923 IN Support & assist the educational purposes of Purdue University. 8 5 0 5 0 0 0 0 7638 7638 3889986 3533876 0 0 3897624 3541514 0 0 0 0 0 0 0 0 3903817 3613321 3903817 3613321 -6193 -71807 171857687 157723408 167952532 153890060 3905155 3833348 Support and assist the educational purposes of Purdue University by obtaining, acquiring, constructing, or otherwise providing buildings, grounds, or other suitable facilities, improvements, or equipment by providing funds, property, or by assisting in any other manner or by any other means. false false 3596452 0 7638 PROMOTE EDUCATIONAL PURPOSES IN CONNECTION WITH PURDUE UNIVERSITY BY OBTAINING, ACQUIRING, CONSTRUCTING, OR PROVIDING BUILDINGS, GROUNDS, OR OTHER SUITABLE PROPERTY FOR THE USE OR BENEFIT OF PURDUE UNIVERSITY. 3596452 true false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 8 5 false false false false true true false true true false false true true true true true true false false false IN X Scott Seidle 7655881061 1281 Win Hentschel Blvd West Lafayette IN 47906 Brandee Sommer Assistant Secretary 1.0 0.0 X X 0 0 0 Brian Edelman Secretary 1.0 0.0 X X 0 0 0 Eva Nodine Vice President & Treasurer 1.0 40.0 X X 0 307025 46722 Jodie Melton Assistant Secretary (through Feb 2024) 1.0 40.0 X X 0 46541 17200 Mung Chiang President 1.0 40.0 X X 0 806789 595806 Scott Seidle Assistant Treasurer 1.0 0.0 X X 0 0 0 Chris Ruhl Director 1.0 40.0 X 0 398331 57088 Malcolm DeKryger Director 1.0 1.0 X 0 0 0 Michael Klipsch Director 1.0 1.0 X 0 0 0 JAMES ALMOND Former Vice President 0.0 40.0 X 0 318000 0 MITCHELL E DANIELS Former President 0.0 40.0 X 0 209334 43375 0 2086020 760191 0 true true false 0 0 Rent from Affiliates 532000 7638 7638 0 0 0 0 7638 3533876 3533876 0 0 0 0 0 0 0 0 0 3541514 7638 0 3533876 6350 6350 0 0 0 0 1 1 3596452 3596452 10518 10518 0 0 0 0 3613321 3596452 16869 0 156534 162400 737163 776455 518498 396018 0 0 0 0 1079075 1079075 3219710 2788979 150873 0 150873 150873 0 0 165995834 152369608 171857687 157723408 2891337 2674131 0 0 144568494 133425776 20492701 17790153 167952532 153890060 X 3905155 3833348 3905155 3833348 171857687 157723408 -71807 0 X false true X true false X X 1 PURDUE UNIVERSITY 356002041 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false Schedule A, Part I, Line 12g Supporting Purdue University Ross Ade Foundation supports Purdue University by obtaining, acquiring, constructing or providing buildings, grounds, or other suitable property for the use or benefit of Purdue University. Ross Ade Foundation's activities focus primarily on financing construction of new facilities and renovating existing facilities to be used by the students, faculty and staff of Purdue University. 150873 150873 150873 Ross Ade Renovation/Purchase Agreement 19610205 Mollenkopf Renovation / Cross-Over 61178152 Mackey Complex Renovation Lease Agreement 64736701 SOFTBALL STADIUM/LEASe AGREEMENT 6844550 152369608 Mollenkopf Renovation Lease 17790153 17790153 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Ross Ade Foundation's information is included in the consolidated audited financial statements of Purdue University, a related organization. Purdue University's FIN 48 (ASC 740) footnote for the year ended June 30, 2024 reads as follows: The income generated by the University, as an instrument of the State, is generally excluded from federal income taxes under Section 115(a) of the Internal Revenue Code. The University also has a determination letter from the Internal Revenue Service stating it is exempt under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). Income generated from activities unrelated to the University's exempt purpose is subject to tax under Internal Revenue Code Section 511(a)(2)(B). There was no tax liability related to income generated from activities unrelated to the University's exempt purpose as of June 30, 2024 and 2023. true true false false false false false MITCHELL E DANIELS Former President 0 0 0 107625 0 101709 0 30500 0 12875 0 252709 0 0 JAMES ALMOND Former Vice President 0 0 0 0 0 318000 0 0 0 0 0 318000 0 0 Mung Chiang President 0 403505 0 328000 0 75284 0 571783 0 24023 0 1402595 0 0 Eva Nodine Vice President & Treasurer 0 254601 0 50500 0 1924 0 27214 0 19508 0 353747 0 0 Chris Ruhl Director 0 346847 0 50000 0 1484 0 33000 0 24088 0 455419 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment During calendar year 2023, James Almond was paid severance in the amount of $318,000 by Purdue University, a related organization. This severance payment is included in (B)(iii) on schedule J, Part II. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan Mr. Chiang's employment agreement with Purdue University, a related organization, includes a retention incentive payable to him annually based on years of service. $538,783 is reported in Schedule J, Part II, Column (C) as the deferred portion of Mr. Chiang's retention incentive. Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION THE ORGANIZATION RELIED ON PURDUE university (A related ORGANIZATION) to determine compensation for the top management official. Purdue used a compensation committee, COMPARABILITY DATA, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL. Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIAL The TOP MANAGEMENT OFFICIAL is PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH the FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES ALL OFFICERS are PAID BY PURDUE university, A RELATED ENTITY. THEREFORE, QUESTIONS 15A AND 15B ARE NOT APPLICABLE AND HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. PURDUE university HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE NON ROUTINE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPARATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE university USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2023. Form 990, Part VI, Line 1a Delegate broad authority to a committee THERE SHALL BE AN EXECUTIVE COMMITTEE OF THREE MEMBERS CONSISTING OF THE PRESIDENT AND TWO OTHER MEMBERS OF THE BOARD OF DIRECTORS, TO BE APPOINTED ANNUALLY BY THE PRESIDENT. THE EXECUTIVE COMMITTEE SHALL HAVE POWER AT ANY TIME BETWEEN THE REGULAR MEETINGS OF THE BOARD TO ACT FOR THE BOARD IN ALL MATTERS WHEREIN IMMEDIATE DECISIONS AND ACTIONS ARE DEEMED NECESSARY FOR THE BEST WELFARE OF THE FOUNDATION. SUCH ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT ITS NEXT REGULAR OR SPECIAL MEETING AND SUCH MINUTES SHALL BE MADE THEREOF AS THE BOARD MAY DIRECT. A MAJORITY OF COMMITTEE MEMBERS SHALL CONSTITUTE A QUORUM. Form 990, Part VI, Line 6 Classes of members or stockholders PURDUE UNIVERSITY ELECTS THE MEMBERS OF THE GOVERNING BODY OF ROSS ADE FOUNDATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS OF THE FOUNDATION SHALL CONSIST OF FIVE MEMBERS. THE PRESIDENT OF PURDUE UNIVERSITY, THE TREASURER AND CHIEF FINANCIAL OFFICER OF PURDUE UNIVERSITY AND THE VICE PRESIDENT, DEPUTY CHIEF FINANCIAL OFFICER AND ASSISTANT TREASURER OF PURDUE UNIVERSITY SHALL, BY VIRTUE OF SAID OFFICERS, BE DIRECTORS OF THE FOUNDATION. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS (THE "TRUSTEE DIRECTORS") SHALL BE APPOINTED BY THE BOARD OF TRUSTEES OF PURDUE UNIVERSITY. ANY VACANCY IN THE TRUSTEE DIRECTORS MAY BE FILLED FOR THE UNEXPIRED TERM OR TERMS BY THE BOARD OF TRUSTEES OF PURDUE UNIVERSITY. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared annually after the year end activities are complete. The Secretary/Treasurer and Assistant Treasurer of Ross Ade Foundation review the prepared Form 990 and related schedules. The Form 990 then is presented to the board members. All questions and concerns of the members from the board will be addressed by Assistant Treasurer and Secretary/Treasurer and incorporated into the Form 990 as applicable. After all input has been appropriately addressed, the Form 990 will by filed by the due date. Form 990, Part VI, Line 12c Conflict of interest policy A Conflict of Interest questionnaire is completed annually by board members. Any conflicts of interest are investigated and safeguards are implemented to protect all parties involved if applicable. Form 990, Part VI, Line 19 Required documents available to the public The governing documents and the financial statements are available upon written request to Ross Ade Foundation, 1281 Win Hentschel Blvd, West Lafayette, IN 47906. The conflict of interest policy is currently not available to the public. PURDUE UNIVERSITY 610 Purdue Mall WEST LAFAYETTE IN 47907 356002041 SCHOOL IN 501(c)(3) 2 NA false PFW Foundation 2101 E Coliseum Blvd Fort Wayne IN 46805 356033698 Support Purdue University Fort Wayne IN 501(c)(3) Type I Purdue University false Purdue International Inc 2550 Northwestern Ave 1100 West Lafayette IN 47906 310958507 Support Purdue University IN 501(c)(3) Type I Purdue University false Purdue University Global Inc 9000 Keystone Crossing Indianapolis IN 46240 821319401 Education IN 501(c)(3) 2 Purdue University false false false false false true false false false false true false false false true true false true true false