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College Heights Foundation

Bowling Green, KY · EIN 61-0459494 · 501(c)(3) · Organization operated for a governmental college or university
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

College Heights Foundation reported $48.2 million in revenue and $21.5 million in expenses for calendar year 2024. Of every $100 it spent, $83.37 went to program services, $15.54 to management and general costs and $1.09 to fundraising. Its largest source of revenue was contributions and grants: 70.1% of the total. The highest compensation it reported for one person was $687,176 (WKU PRESEIDENT (EX-OFFICIO). 3 people received more than $100,000 in reportable compensation. Revenue rose 296% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $21M

For 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

Calendar year 2024 · Form 990, Part VIII · total revenue $48M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
83.4%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
15.5%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.1%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
70.1%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$687,176$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.20%1.28%
People paid over $100,000
Part VII, line 2
38
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
152.013.3
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$18M expenses · 100.0% of program spending · grants $8.5M

The foundation provides scholarships and other assistance to students of western kentucky university

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
WKU PRESEIDENT (EX-OFFICIO
Officer, 2.00 hrs/week
$0$625,702$61,474$687,176
PRESIDENT
Officer, 35.00 hrs/week
$217,476$0$29,130$246,606
TREASURER
Officer, 35.00 hrs/week
$171,504$0$56,883$228,387
VICE PRESIDENT
Officer, 40.00 hrs/week
$115,008$0$22,434$137,442
SECRETARY (INCOMING)
Officer, 40.00 hrs/week
$0$59,004$24,265$83,269
SECRETARY (OUTGOING)
Officer, 8.00 hrs/week
$6,215$0$0$6,215

3 people received more than $100,000 in reportable compensation from College Heights Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $619K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$48M$21M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 (amended) ⓘ$48M$21M83.4%$272M$687,176
2023 (amended) ⓘ$23M$17M83.3%$228M$671,846
2022 ⓘ$11M$9.1M85.5%$100M$683,559
2021 ⓘ$12M$7.7M85.0%$114M$541,232
2020 ⓘ$10M$9.3M74.4%$96M$504,244
2019 ⓘ$12M$7.1M85.0%$85M$193,012

Governance answers, as filed

2024 · 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–1b12 · 12 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 2Yes
  • 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 515
  • Volunteers Part I, line 616

Private foundation grants it received

12 private foundations reported grants to College Heights Foundation totaling $248K 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 College Heights 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 College Heights Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Kentucky

Questions people ask

How much of College Heights Foundation's spending goes to programs?

In calendar year 2024, College Heights Foundation reported that 83.4% of its $21.5 million in expenses went to program services, 15.5% to management and general and 1.1% to fundraising (Form 990, Part IX).

How much does College Heights Foundation pay its top executive?

The largest total compensation College Heights Foundation reported for one person in calendar year 2024 was $687,176, for the role of WKU PRESEIDENT (EX-OFFICIO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does College Heights Foundation get its money?

Of $48.2 million in revenue in calendar year 2024, 70.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is College Heights Foundation a registered charity?

The IRS lists EIN 61-0459494 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

  • 2024: Form 990 for calendar year 2024 (amended), object 202513079349303411 · read the filing · XML
  • 2023: Form 990 for calendar year 2023 (amended), object 202513449349300331 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202312239349300826 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202232499349300663 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202143119349300309 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202012229349300401 · read the filing

All filings for EIN 61-0459494: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.