Kennesaw State University Foundation Inc
98% goes to programs $1 to raise $100 Strong reserves Growing revenue
Kennesaw State University Foundation Inc is a 501(c)(3) organization based in Kennesaw, Georgia, registered in 1969, with $90,573,212 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
1000 Chastain Road 9101, Kennesaw, GA, 30144 EIN 23-7034345 Since 1969
Revenue (FY2024)
$90.6M
▲ 49.2% vs prior year
Education median: $200K
Expenses (FY2024)
$55.8M
Net assets
$234.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kennesaw State University Foundation Inc: 98% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating50 mo reserves · +38% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kennesaw State University Foundation Inc: 50 mo reserves · +38% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kennesaw State University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kennesaw State University Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The kennesaw state university foundation aims to serve as an advocate for the university, and to receive, invest, account for, and allocate private gifts and contributions in support of kennesaw state university.
What they do
To fund kennesaw state university academic programs and scholarships.
Contact & location
- Address
- 1000 Chastain Road 9101, Kennesaw, GA, 30144
- City
- Kennesaw
- State
- Georgia
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.1M (FY2013) to $90.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $462.7MNet assets $234.9M
Operating margin
38.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$697.6M
Total liabilities
$462.7M
Net assets
$234.9M
Salaries & benefits
$0
0% of expenses
Board members
62
60 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $90,573,212▲49.2% | $55,836,512▲18.9% | $234,916,256▲24.3% | $697,628,763▲36.9% | 990 |
| 2023 | $60,697,286▲2.7% | $46,949,757▼11.3% | $188,968,481▲14.6% | $509,633,557▲1.8% | 990 |
| 2022 | $59,128,402▼2.5% | $52,901,421▲19.4% | $164,859,013▲11.0% | $500,639,088▼4.9% | 990 |
| 2021 | $60,637,080▼29.1% | $44,297,166▲14.4% | $148,541,322▲4.1% | $526,662,340▼2.0% | 990 |
| 2020 | $85,548,111▲51.9% | $38,721,419▼13.1% | $142,660,731▲50.0% | $537,455,993▲19.0% | 990 |
| 2019 | $56,320,828▲12.2% | $44,564,885▲5.4% | $95,076,046▲13.8% | $451,624,023▼0.5% | 990 |
| 2018 | $50,185,159▼7.5% | $42,290,360▲2.1% | $83,536,282▲13.0% | $453,917,733▼1.6% | 990 |
| 2017 | $54,262,809▲22.3% | $41,401,195▼6.4% | $73,909,602▲21.9% | $461,268,397▲0.6% | 990 |
| 2016 | $44,374,424▼9.7% | $44,246,089▲4.9% | $60,616,695▲24.8% | $458,744,777▲3.4% | 990 |
| 2015 | $49,129,169▲1.3% | $42,186,183▲2.5% | $48,568,649▲15.8% | $443,872,446▼3.4% | 990 |
| 2014 | $48,514,538▲12.6% | $41,147,961▲0.1% | $41,927,358▲20.0% | $459,517,016▼0.4% | 990 |
| 2013 | $43,099,138 | $41,120,956▼7.0% | $34,944,585▲18.1% | $461,142,581▲3.6% | 990 |
| 2012 | — | $44,210,544▲11.1% | $29,586,729▲6.4% | $445,301,099▲9.0% | 990 |
| 2011 | — | $39,807,992▼13.1% | $27,817,023▲3.6% | $408,710,574▲6.4% | 990 |
| 2010 | — | $45,818,986▲27.8% | $26,859,062▲4.0% | $384,202,833▲2.0% | 990 |
| 2009 | — | $35,863,651 | $25,823,221 | $376,760,015 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Ivan Pulinkala | Trustee/ksu Provost | 1 | — |
| Dr Kathy Schwaig | Trustee/president | 1 | — |
| Dr Michael J Coles | Trustee | 1 | — |
| Dr Ron L Braund | Trustee | 1 | — |
| Mr Andre Schnabl | Treasurer | 1 | — |
| Mr Ben L Looper | Trustee | 1 | — |
| Mr Borja De Olano | Trustee | 1 | — |
| Mr Caric Martin | Trustee | 1 | — |
| Mr Darrell Sutton | Trustee | 1 | — |
| Mr David Mckoy | Trustee | 1 | — |
| Mr David Millican | Trustee | 1 | — |
| Mr David R Walens | Trustee | 1 | — |
| Mr Don E Davidson | Trustee | 1 | — |
| Mr Don Johnson | Trustee | 1 | — |
| Mr Douglas E Jones | Trustee | 1 | — |
| Mr Douglas Shore | Trustee | 1 | — |
| Mr Frank M Howard | Trustee | 1 | — |
| Mr I Barry Hyman | Trustee | 1 | — |
| Mr James Chris Pike | Trustee | 1 | — |
| Mr James P Dunn | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Academy Lock & Key Inc | Repair and Maintenance | $1,347,847 |
| Georgia Mechanical Inc | Repair and Maintenance | $1,267,390 |
| Perkins & Will Inc | Design & Construction Contract Administr | $970,212 |
| Gilbane Building Company | Construction | $470,642 |
| S&s Flooring Company Inc | Flooring Installation & Repair | $367,984 |
Grants received · $9.0M total
126 grants to Kennesaw State University Foundation Inc totaling $9.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $15.3M in FY2024
4 grants totaling $15.3M in FY2024. All grants made by Kennesaw State University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Kennesaw State University | To provide monies to ksu for student scholarships | $5,539,026 |
| Kennesaw State University | Other university support | $4,471,594 |
| Kennesaw State University | University events & programs | $2,807,440 |
| Kennesaw State University | Academic programs and dean support | $2,526,837 |
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Compare Kennesaw State University Foundation Inc
Frequently asked questions
- Is Kennesaw State University Foundation Inc a legitimate nonprofit?
- Yes. Kennesaw State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7034345, based in Kennesaw, Georgia. Donations are tax-deductible.
- What is Kennesaw State University Foundation Inc's EIN?
- Kennesaw State University Foundation Inc's Employer Identification Number (EIN) is 23-7034345.
- How much revenue does Kennesaw State University Foundation Inc report?
- Kennesaw State University Foundation Inc reported $90,573,212 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Kennesaw State University Foundation Inc's spending goes to programs?
- Kennesaw State University Foundation Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kennesaw State University Foundation Inc have?
- CharityIndex grades Kennesaw State University Foundation Inc A+, based on program efficiency and fundraising cost.
- How much does Kennesaw State University Foundation Inc's highest-paid employee make?
- The highest reported compensation on Kennesaw State University Foundation Inc's latest Form 990 is $0, paid to Dr Ivan Pulinkala (Trustee/ksu Provost).
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Data for Kennesaw State University Foundation Inc (EIN 23-7034345) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.