Kansas State University Foundation
Kansas State University Foundation reported $233.6 million in revenue and $175.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.89 went to program services, $16.70 to management and general costs and $9.41 to fundraising. Its largest source of revenue was contributions and grants: 74.0% of the total. The highest compensation it reported for one person was $923,754 (PRESIDENT/CEO). 32 people received more than $100,000 in reportable compensation. Revenue rose 76% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $176MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $234MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 74.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $923,754 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.53% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 32 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 96.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseKansas State University administrative support for central administration, colleges and athletics. Expenditures include monies transferred and or expended for salaries for faculty and staff, travel for conferences, seminars, speakers, visiting professors, employee recruitment, professional and consulting services, equipment and computing purchases. Additionally, monies are transferred to athletics for use in support of academic services, sports medicine, equipment and computer purchases, travel costs as well as capital improvements
Kansas State University academic support expenditures are made for the purchase of computer hardware and software, furniture and equipment, professional services and consultations, classroom and lab supplies
Kansas State University scholarships--generous donors to Kansas State University Foundation have provided endowed and expendable funds to be used for providing scholarships to undergraduate and graduate students of Kansas State University. 10,756 students received scholarship assistance during the 24/25 academic year
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 45.0 hrs/week | $767,530 | $0 | $156,224 | $923,754 |
| SR VP OPERATIONS AND FINANCE Officer, 45.0 hrs/week | $483,641 | $0 | $78,861 | $562,502 |
| VP FOR INVESTMENTS/CIO Officer, 45.0 hrs/week | $390,493 | $0 | $66,815 | $457,308 |
| SR ASSOCIATE VP OF DEVELOPMENT Key employee, 45.0 hrs/week | $294,589 | $0 | $67,040 | $361,629 |
| DIRECTOR OF INVESTMENTS Highest compensated employee, 45.0 hrs/week | $241,455 | $0 | $54,316 | $295,771 |
| AVP INFORMATION TECH AND INFRA Highest compensated employee, 45.0 hrs/week | $235,809 | $0 | $53,863 | $289,672 |
| SR VP OF DEVELOPMENT UNTIL MAY 2024 Former, 0.0 hrs/week | $235,551 | $0 | $27,202 | $262,753 |
| AVP OF COLLEGIATE DEVELOPMENT Highest compensated employee, 45.0 hrs/week | $213,627 | $0 | $48,843 | $262,470 |
32 people received more than $100,000 in reportable compensation from Kansas State University Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5259
- Volunteers Part I, line 6500
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TWO CIRCLES INC Marketing | $10,726,755 |
| MJE LLC Construction | $3,702,900 |
| PURE IMAGINATION LABS LLC Construction | $1,806,900 |
| LATHROP GPM Legal | $504,636 |
| MCCOWN GORDON CONSTRUCTION LLC Construction | $306,394 |
Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.
Private foundation grants it received
50 private foundations reported grants to Kansas State University Foundation totaling $6.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Kansas State University Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Kansas State University Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Kansas State University Foundation spent in FY2025, $73.89 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- KIPP Socal Public SchoolsLos Angeles, CA · revenue $233M · programs 92.0% · FY2025
- Meharry Medical CollegeNashville, TN · revenue $234M · programs 91.5% · FY2025
- Stony Brook FoundationStony Brook, NY · revenue $233M · programs 67.6% · FY2025
- Rose-Hulman Institute of TechnologyTerre Haute, IN · revenue $234M · programs 88.4% · FY2025
- Juilliard SchoolNew York, NY · revenue $232M · programs 81.5% · FY2025
Questions people ask
How much of Kansas State University Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Kansas State University Foundation reported that 73.9% of its $175.9 million in expenses went to program services, 16.7% to management and general and 9.4% to fundraising (Form 990, Part IX).
How much does Kansas State University Foundation pay its top executive?
The largest total compensation Kansas State University Foundation reported for one person in the fiscal year ending June 30, 2025 was $923,754, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Kansas State University Foundation get its money?
Of $233.6 million in revenue in the fiscal year ending June 30, 2025, 74.0% came from contributions and grants and 11.8% from program service revenue (Form 990, Part VIII).
Is Kansas State University Foundation a registered charity?
The IRS lists EIN 48-0667209 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641339349304244 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541349349305449 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349308191 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349303907 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349303600 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111349349304421 · read the filing
All filings for EIN 48-0667209: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.