2025-11-03T10:56:42-06:00 2025-06-30 273858252 DEAN DORTON ALLEN FORD PLLC 250 W MAIN STREET STE 1400 LEXINGTON KY 40507 990 2024-07-01 616053844 MURRAY STATE UNIVERSITY FOUNDATION INC MURR 2708093017 100 NASH HOUSE MURRAY KY 42071 DR DAVID DURR PRESIDENT 2708093017 2025-11-03 1 0 ALLISON C CARTER P01242412 8592552341 2024 2025-03-06 01:10:19Z DR DAVID DURR 100 NASH HOUSE MURRAY KY 42071 14007239 0 X WWW.MURRAYSTATE.EDU/FOUNDATION X 1946 KY ENHANCEMENT OF MURRAY STATE UNIVERSITY BY ASSISTING IN FUNDRAISING, COLLECTING CONTRIBUTIONS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT, AND SPECIAL PROJECTS. THE FOUNDATION ALSO ASSISTS IN MANAGING SCHOLARSHIP DISBURSEMENTS AND INVESTMENT MANAGEMENT. 24 24 0 27 508347 0 7356389 6032594 655209 679342 7692274 7244384 35932 17840 15739804 13974160 5555152 5552373 0 0 0 0 0 0 0 1865456 1808766 7420608 7361139 8319196 6613021 192247701 215119811 41543204 48979640 150704497 166140171 ENHANCEMENT OF MURRAY STATE UNIVERSITY BY ASSISTING IN FUNDRAISING, COLLECTING CONTRIBUTIONS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT, AND SPECIAL PROJECTS. THE FOUNDATION ALSO ASSISTS IN MANAGING SCHOLARSHIP DISBURSEMENTS AND INVESTMENT MANAGEMENT. 0 0 5825594 5552373 25003 IMPROVEMENT AND ENHANCEMENT OF MURRAY STATE UNIVERSITY BY ASSISTING IN FUNDRAISING, COLLECTING CONTRIBUTIONS, AIDING DONORS WITH ESTATE AND PLANNED GIVING AND ESTABLISHING ENDOWMENTS, DISBURSEMENT OF FUNDS TO BE USED FOR SCHOLARSHIPS, ENDOWED PROFESSORSHIPS, FACULTY SUPPORT, AND OTHER EXPENDITURES ON BEHALF OF STUDENTS AND FACULTY. 854541 145992 PROVIDING RECREATION FOR THE CONVENIENCE OF THE STUDENTS, FACULTY, STAFF, AND ALUMNI OF MURRAY STATE UNIVERSITY, AS WELL AS THE COMMUNITY AND REGION. THROUGH THE OPERATION OF MILLER MEMORIAL GOLF COURSE, THE UNIVERSITY GOLF TEAM UTILIZES THE COURSE AS ITS PRACTICE FACILITY AND HOME COURSE. 6680135 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 44 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X DR DAVID DURR 2708093017 100 NASH HOUSE MURRAY KY 42071 JERRY T SHROAT CHAIR 2.00 X 0 0 0 MICHAEL S HAMILTON VICE-CHAIR 1.00 X 0 0 0 C STEVE STORY TREASURER 2.00 X 0 0 0 TIMOTHY M ADAMS TRUSTEE 1.00 X 0 0 0 RICHARD A DICK ANDERSON TRUSTEE 1.00 X 0 0 0 MARY RHEAETTA RHEA ASHBY TRUSTEE 1.00 X 0 0 0 CARRIE A BROWN TRUSTEE 1.00 X 0 0 0 MELANIE G CULVER TRUSTEE 1.00 X 0 0 0 DAVID M DILL TRUSTEE 1.00 X 0 0 0 GARY THOMAS DRAFFEN TRUSTEE 1.00 X 0 0 0 CAMISHA DUFFY TRUSTEE 1.00 X 0 0 0 LUCINDA K GRINER TRUSTEE 1.00 X 0 0 0 KATHY HARRIS TRUSTEE 1.00 X 0 0 0 GEORGE E LONG II TRUSTEE 1.00 X 0 0 0 JOE A OWEN TRUSTEE 1.00 X 0 0 0 MICHAEL M PITMAN TRUSTEE 1.00 X 0 0 0 LANA G PORTER TRUSTEE 1.00 X 0 0 0 JESSICA REED TRUSTEE 1.00 X 0 0 0 SHAWN L REYNOLDS TRUSTEE 1.00 X 0 0 0 ROY C RILEY JR TRUSTEE 1.00 X 0 0 0 DENNIS W SMITH TRUSTEE 1.00 X 0 0 0 ALAN C STOUT TRUSTEE 1.00 X 0 0 0 MICHAEL THORNE TRUSTEE 1.00 X 0 0 0 TIMOTHY S TODD TRUSTEE 1.00 X 0 0 0 DR DAVID W DURR PRESIDENT 20.00 X 83877 0 13683 CAROL GALLIMORE SECRETARY 38.00 X 44327 0 23816 ELLEN DALE CONTROLLER 40.00 X 92458 0 29027 220662 0 66526 0 0 0 0 XTREME GOLF MANAGEMENT 235 S 46TH ST MIDDLESBORO KY 40965 GOLF PROJECT 416414 1 61709 5970885 305109 6032594 GOLF COURSE REVENUES 713910 654339 145992 508347 FEES 900099 25003 25003 679342 3792319 3792319 481 481 8761 1302 7459 7459 7459 3456167 0 4102 3456167 -4102 3452065 3452065 17331 61709 27675 -10344 -10344 OTHER REVENUE 900099 20244 20244 20244 13974160 170995 508347 7262224 5552373 5552373 29450 29450 213526 213526 38326 4000 34326 33222 24152 9070 25364 25364 GOLF COURSE EXPENSES 854541 854541 SALARY REIMBURSEMENTS 443747 90069 353678 INSTITUTIONAL SUPPORT 155000 155000 OTHER FEES 15590 15590 7361139 6680135 681004 0 5247 900 2361250 6727723 2745594 2855805 175590 257840 39958 39250 48497 51878 10546073 2652368 8679789 7893705 165050899 182731146 966731 873458 12174146 13688106 192247701 215119811 501456 296992 62046 53297 33676643 41410014 6187192 6185814 1115867 1033523 41543204 48979640 X 31830831 35402591 118873666 130737580 150704497 166140171 192247701 215119811 X 6613021 9355763 -533110 X X 0 1 X 1 0 X 4702723 6508189 4121425 7356389 6032594 28721320 4702723 6508189 4121425 7356389 6032594 28721320 2086681 26634639 5515130 6507378 3030795 3691074 3801561 22545938 30818 25826 30457 33684 20244 141029 51408287 1146860 0.51810 0.50400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 92804040 3105026 9233222 3469227 452655 101220406 84098930 2743303 9313030 2973097 378126 92804040 76252793 2110953 8507343 2444000 328159 84098930 88034925 4539271 -10911977 4316439 404867 76940913 68322885 1666514 21237252 2677124 514602 88034925 0.00346 0.69820 0.29834 0 0 877957 5631363 6509320 1627520 1178865 448655 935253 346645 588608 1461481 1126858 334623 12499 12499 7893705 BENEFICIAL INTERESTS IN TRUSTS 13408539 CASH VALUE OF LIFE INSURANCE POLICIES 279567 13688106 REFUNDABLE ADVANCES FROM DONORS 313546 AMOUNTS DUE TO MURRAY STATE UNIVERSITY 501948 CAPITAL LEASE PAYABLE 218029 1033523 22611360 9355763 -504133 8851630 13759730 213526 904 214430 13974160 7175686 28977 28977 7146709 213526 904 214430 7361139 PART IV, LINE 2B: ASSETS HELD FOR OTHERS - THE FOUNDATION HOLDS AND INVESTS CERTAIN ASSETS ON BEHALF OF MURRAY STATE UNIVERSITY. PART V, LINE 4: THE EARNINGS ARE USED TO SUPPLEMENT THE OPERATIONS OF MURRAY STATE UNIVERSITY AND TO PROVIDE SCHOLARSHIPS TO THE STUDENTS OF MURRAY STATE UNIVERSITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON 990 1,302. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 27,675. CHANGE IN VALUE OF ANNUITIES -533,110. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -4,102. OTHER 5,006. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED WITH REVENUE ON 990 1,302. FUNDRAISING EXPENSES NETTED WITH REVENUE ON 990 27,675. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -4,102. OTHER 5,006. BREAKFAST ON THE FARM 30556 24150 6406 3080 6397 3676 TASTE OF THE ARTS 48484 37559 10925 1017 4755 8750 79040 61709 17331 4097 11152 12426 27675 -10344 1 MURRAY STATE UNIVERSITY 200 SPARKS HALL MURRAY KY 42071 611005783 501(C)(3) 5552373 0 FUND SCHOLARSHIP FOR STUDENTS AT MSU AND GENERAL UNIVERSITY SUPPORT 1 PART I, LINE 2: GRANT FUNDS CONSIST OF SCHOLARSHIP AWARDS, ENDOWED PROFESSORSHIPS, FACULTY SUPPORT, AND OTHER EXPENDITURES ON BEHALF OF THE STUDENTS AND FACULTY. MSU FOUNDATION AUTHORIZES AN AMOUNT AVAILABLE FOR EACH SCHOLARSHIP. THE MSU SCHOLARSHIP OFFICE COORDINATES THE AWARDING OF SCHOLARSHIPS. MSU FOUNDATION THEN AUDITS ALL SCHOLARSHIPS AWARDED BY MSU FROM FOUNDATION FUNDS. X 1 9980 FAIR MARKET VALUE X 13315 FAIR MARKET VALUE X 35432 FAIR MARKET VALUE X 6 206682 FAIR MARKET VALUE X EQUIPMENT 1 25511 FAIR MARKET VALUE X AUCTION ITEMS 7 7439 FAIR MARKET VALUE X OTHER 1 6750 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: UNLESS HELD FOR INVESTMENTS, REAL ESTATE CONTRIBUTIONS ARE LISTED WITH A LOCAL REAL ESTATE BROKER AND MARKETABLE SECURITIES ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE INVESTMENT ADVISOR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, AND PROVIDED TO THE ENTIRE BOARD ELECTRONICALLY PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF SERVICE AND AT EACH TERM RENEWAL, ALL BOARD MEMBERS ARE REQUIRED TO SIGN A CODE OF ETHICS STATEMENT WHICH INCLUDES A PROVISION FOR REFUSING CONFLICT, OR THE APPEARANCE OF CONFLICT, BETWEEN PERSONAL AND INSTITUTIONAL INTEREST. FORM 990, PART VI, SECTION B, LINE 15 MURRAY STATE UNIVERSITY FOUNDATION MANAGES ITS PAYROLL AND BENEFITS THROUGH MURRAY STATE UNIVERSITY. THEREFORE, THE FOUNDATION PAYS NO COMPENSATION DIRECTLY TO INDIVIDUALS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, BY-LAWS, AND FINANCIAL STATEMENTS ARE PROVIDED UPON WRITTEN REQUEST, AND AT THE DISCRETION OF THE BOARD OF DIRECTORS AND MANAGEMENT. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES PAYABLE -533,110. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PART I, LINE 5 THE ORGANIZATION HAD 40 EMPLOYEES DURING THE YEAR. HOWEVER, EMPLOYMENT FILINGS ARE DONE THROUGH MURRAY STATE UNIVERSITY. THE ORGANIZATION REIMBURSES THE UNIVERSITY FOR THESE EMPLOYEES. THE OFFICER COMPENSATION LISTED IN PART VII IS INCLUDED IN THE REIMBURSED SALARIES. MURRAY STATE CAMPUS IMPROVEMENT CORPORATION 100 NASH HOUSE MURRAY KY 42071 562357511 TO PERFORM FUNCTIONS OF OR CARRY OUT THE PURPOSES OF THE FOUNDATION KY 501(C)(3) LINE 12C, III-FI MURRAY STATE UNIVERSITY FOUNDATION INC 1 CHARITABLE REMAINDER UNITRUSTS (5) INVESTMENTS KY N/A 0 CHARITABLE REMAINDER ANNUITY TRUSTS (3) INVESTMENTS KY N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0