Wichita State University Foundation
74% goes to programs $16 to raise $100 Strong reserves
Wichita State University Foundation is a 501(c)(3) organization based in Wichita, Kansas, registered in 1965, with $48,636,666 in FY2024 revenue. CharityIndex grades it A, and it directs about 74% of spending to programs.
1845 Fairmount St, Wichita, KS, 67260 EIN 48-6121167 Since 1965
Revenue (FY2024)
$48.6M
▲ 27.8% vs prior year
Education median: $200K
Expenses (FY2024)
$30.4M
Net assets
$400.9M
Employees
84
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating74% to programs · $16 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 Wichita State University Foundation: 74% to programs · $16 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating158 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 Wichita State University Foundation: 158 mo reserves · +38% margin earns a B+ 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 Wichita State University Foundation: 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 Wichita State University Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Fundraising for wsu and managing the contributions, investments and distributing support to wsu.
What they do
The foundation provides for faculty salary support, departmental operating expenses, and building construction and maintenance in accordance with donor restrictions.
Contact & location
- Address
- 1845 Fairmount St, Wichita, KS, 67260
- City
- Wichita
- State
- Kansas
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $23.4M (FY2013) to $48.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $14.1MNet assets $400.9M
Operating margin
37.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$415.0M
Total liabilities
$14.1M
Net assets
$400.9M
Salaries & benefits
$6.3M
21% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $48,636,666▲27.8% | $30,378,446▲0.9% | $400,883,894▲5.9% | $415,007,699▲4.8% | 990 |
| 2023 | $38,045,602▲6.2% | $30,111,807▼25.5% | $378,672,598▲5.7% | $396,011,894▲5.8% | 990 |
| 2022 | $35,816,364▼26.7% | $40,437,051▲4.8% | $358,333,775▼0.3% | $374,335,716▼0.9% | 990 |
| 2021 | $48,848,227▼10.1% | $38,589,381▲29.3% | $359,254,813▼4.6% | $377,844,366▼4.5% | 990 |
| 2020 | $54,337,024▲82.2% | $29,835,588▼9.9% | $376,624,318▲15.7% | $395,573,939▲15.1% | 990 |
| 2019 | $29,828,605▼56.0% | $33,120,336▲55.8% | $325,384,354▼4.6% | $343,537,601▼5.0% | 990 |
| 2018 | $67,827,086▲38.5% | $21,262,499▲7.8% | $341,108,984▲6.9% | $361,712,805▲6.2% | 990 |
| 2017 | $48,979,084▲86.1% | $19,716,509▲5.2% | $319,034,557▲13.5% | $340,649,954▲13.2% | 990 |
| 2016 | $26,319,313▼28.1% | $18,747,436▼0.4% | $281,051,147▲7.7% | $300,998,937▲7.6% | 990 |
| 2014 | $36,588,861▲56.3% | $18,827,783▲16.9% | $260,954,356▲5.0% | $279,631,172▲5.3% | 990 |
| 2013 | $23,404,840 | $16,109,744▲5.6% | $248,510,342▲9.5% | $265,630,332▲8.7% | 990 |
| 2012 | — | $15,256,131▲0.7% | $226,855,648▲7.7% | $244,298,600▲7.9% | 990 |
| 2011 | — | $15,156,553▼12.3% | $210,567,384▼3.6% | $226,471,763▼3.4% | 990 |
| 2010 | — | $17,278,027▲30.2% | $218,355,732▲14.5% | $234,553,930▲14.6% | 990 |
| 2009 | — | $13,269,503 | $190,652,053 | $204,633,658 | 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)
Highest-paid: Elizabeth H King — $354,341 (1.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Elizabeth H King | President/ce | 50 | $354,341 |
| Telly Mcgaha | President/ce | 50 | $271,108 |
| Susan Barrett | Vp of Fin/op | 50 | $196,024 |
| Darin Kater | Vp of Develo | 50 | $184,531 |
| Stacie Williamson | Vp Alumni En | 40 | $153,111 |
| Nathaniel Koch | Associate Vp | 40 | $121,106 |
| Ted Kimble | Associate Vp | 40 | $119,112 |
| Angela Dudley | Associate Vp | 40 | $114,341 |
| Jessie Rainey | Associate Vp | 40 | $109,969 |
| Sheila Krug | Vp of Financ | 50 | $106,625 |
| Barry Schwan | Director | 1 | — |
| Don Barry | Director | 1 | — |
| Jay Smith | Chair | 10 | — |
| John Wadsworth | Director | 1 | — |
| Julia-ellen Acosta | Director | 1 | — |
| Junetta Everett | Director | 1 | — |
| Kelly Harrison | Director | 1 | — |
| Lynn Nichols | Past Board C | 5 | — |
| Maggie Topping | Director | 1 | — |
| Marilyn Pauly | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Eby Construction | Construction | $1,010,447 |
| Clark Huesemann Lc | Architectrual | $171,699 |
| Astric Technology LLC | Advisory | $136,976 |
| Convergint Technologies | Security | $127,753 |
Grants received · $12.8M total
107 grants to Wichita State University Foundation totaling $12.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Kansas Health Foundation | To provide core support funding for the expansion of on-campus outreach efforts by the alce su voz program at wichita state university. | 2024 | $100,000 |
| American Endowment Foundation | Educational | 2024 | $61,850 |
| American Online Giving Foundation Inc | General support | 2024 | $55,433 |
| Kansas Health Foundation | To provide funding to facilitate the development of a full proposal to secure future funding and create a sustainable financial model to establish an actionable data policy lab in kansas. funding will be used in the following areas: 1. facilitation of a leadership team 2. site visits 3. research and planning and 4. proposal and development plan. | 2024 | $50,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $50,000 |
| Greater Kansas City Community Foundation | Education | 2024 | $30,641 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $25,000 |
| The Blackbaud Giving Fund | General support | 2024 | $20,124 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $17,722 |
| Charities Aid Foundation America | Charitable donation | 2024 | $16,594 |
| Ayco Charitable Foundation | Education | 2024 | $10,100 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,236,947 |
| Donor Advised Charitable Giving | Education | 2023 | $1,186,865 |
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Frequently asked questions
- Is Wichita State University Foundation a legitimate nonprofit?
- Yes. Wichita State University Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-6121167, based in Wichita, Kansas. Donations are tax-deductible.
- What is Wichita State University Foundation's EIN?
- Wichita State University Foundation's Employer Identification Number (EIN) is 48-6121167.
- How much revenue does Wichita State University Foundation report?
- Wichita State University Foundation reported $48,636,666 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Wichita State University Foundation's spending goes to programs?
- Wichita State University Foundation spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wichita State University Foundation have?
- CharityIndex grades Wichita State University Foundation A, based on program efficiency and fundraising cost.
- How much does Wichita State University Foundation's highest-paid employee make?
- The highest reported compensation on Wichita State University Foundation's latest Form 990 is $354,341, paid to Elizabeth H King (President/ce).
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Data for Wichita State University Foundation (EIN 48-6121167) 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.