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Western Kentucky University Research Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611358086 ✦ Bowling green, KY ✦ Designated as a 501(c)(3)

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Overview

What is Western Kentucky University Research Foundation Inc?

Western Kentucky University Research Foundation Inc, based in Bowling Green, Kentucky, is a nonprofit organization with a primary focus on fostering scholarly research. Acting as an agent for Western Kentucky University, it is responsible for managing intellectual property income, safeguarding, developing, and commercializing these intellectual properties. By doing so, the foundation plays a significant role in advancing academic discoveries and contributing to innovation.


Official website here: www.wku.edu/wkurf

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83%, Three-Star out of Four Star rating.

The Western Kentucky University Research Foundation Inc has received a solid rating of 83%, reflective of its strong accountability and financial practices. A significant highlight is the organization's governance, with 71% of its board members being independent, alongside effective policies in place for conflict of interest, whistleblowing, and document retention.

Financially, the foundation demonstrates a commendable program expense ratio of 81.81%, indicating that a large portion of its resources is directed towards its programs. However, the organization faces some challenges, particularly with a liabilities to assets ratio of 68.86%, suggesting a higher level of liabilities compared to its assets. Overall, while the foundation shows strengths in governance and program spending, the financial health indicators warrant attention.


This AI summary has been generated from information found on Charity Navigator.

Is Western Kentucky University Research Foundation Inc legitimate?

Western Kentucky University Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Kentucky University Research Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wku.edu/wkurf

What is the mission statement of Western Kentucky University Research Foundation Inc?

The Western Kentucky University Research Foundation Inc's mission is centered around fostering scholarly research. It serves as an agent for Western Kentucky University, responsible for receiving intellectual property income and protecting, developing, and commercializing intellectual properties. The primary objective is to promote research and contribute to its advancement, ultimately transforming discoveries into practical applications.


Official website here: www.wku.edu/wkurf

Who is the CEO of Western Kentucky University Research Foundation Inc?

Unavailable


Official website here: www.wku.edu/wkurf

What is the revenue of Western Kentucky University Research Foundation Inc?

Western Kentucky University Research Foundation Inc's revenue in 2022 was $129,074.


Official website here: www.wku.edu/wkurf

Who are the executives of Western Kentucky University Research Foundation Inc and what are their salaries?

There 10 volunteers at Western Kentucky University Research Foundation Inc.


Here are 8 key members and their salaries:


Laura Hagan (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Cowles (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Hook (Director)
  • Compensation: $0
  • Related: $118,374
  • Other: $36,713
Michael Minter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Bunch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vijay Kamineni (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Whitney Peake (Director)
  • Compensation: $0
  • Related: $176,229
  • Other: $41,069
Henry Steen (Executive Director)
  • Compensation: $0
  • Related: $143,472
  • Other: $32,503


Official website here: www.wku.edu/wkurf

Where can I find the form 990 for Western Kentucky University Research Foundation Inc?

Western Kentucky University Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wku.edu/wkurf

Learn more at the official website: www.wku.edu/wkurf

Mission Statement of Western Kentucky University Research Foundation Inc

The Western Kentucky University Research Foundation Inc is committed to fostering scholarly research and serving as an intermediary for Western Kentucky University in the acquisition of intellectual property income. Their primary objective is to protect, develop, and commercialize intellectual properties, thereby contributing to the university's research endeavors. By fulfilling this mission, the foundation aims to advance the academic and research-based achievements of Western Kentucky University.

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Impact




October, 2024

Western Kentucky University Research Foundation Inc plays a significant role in fostering academic inquiry and innovation. By promoting scholarly research, it contributes to the advancement of knowledge across various disciplines. The foundation acts as an essential intermediary for Western Kentucky University, facilitating the receipt of intellectual property income, which is vital for funding further research and development initiatives.

Moreover, the foundation is committed to the protection, development, and commercialization of intellectual properties generated by university researchers. This not only encourages faculty and student engagement in cutting-edge research but also enhances the university's capacity to translate ideas into practical applications that can benefit the community and economy. Ultimately, the foundation's efforts help position Western Kentucky University as a leader in research and innovation, with a lasting impact on education and local development in Bowling Green and beyond.




This information is meant to be a general summary of Western Kentucky University Research Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$129,074 (2022)
Expenses
$60,396 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $129,074
  • Gross Receipts: $129,074

Assets and Liabilities:

  • Total Assets: $1,012,514
  • Total Liabilities: $600,321
  • Net Assets: $412,193

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMINISTRATION FEES

Revenue

$129,074

Organization Details

Founding Year

2000

Main Address

1906 College Heights Blvd 11016, Bowling Green, KY, 421011016

NTEE Category

Code: B40 - Education

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