KENNESAW STATE UNIVERSITY FOUNDATION INC

EIN: 237034345 501(c)(3) Education

KENNESAW, GA

Total Revenue
$90,573,212
Total Expenses
$55,836,512
Total Assets
$697,628,763
Net Assets
$234,916,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
GA
Principal Officer
LANCE BURCHETT
Phone
4705786675
Tax Period
2024-07-01 to 2025-06-30

KENNESAW STATE UNIVERSITY FOUNDATION INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $90.6M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34.7M, a strong 38% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,717,036
Program Service Revenue $41,964,788
Investment Income $6,996,615
Other Revenue $-105,227
TOTAL REVENUE $90,573,212

Expense Breakdown

Grants Paid $15,344,897
Salaries & Benefits $0
Fundraising Expenses $343,770
Program Expenses $54,876,693
Other Expenses $40,409,115
TOTAL EXPENSES $55,836,512

Year-over-Year Comparison

2024 2023 Change
Revenue $90,573,212 $60,697,286 +0.5%
Expenses $55,836,512 $46,949,757 +0.2%
Net Income $34,736,700 $13,747,529 +1.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
62
Independent Members
60
Employees
N/A
Volunteers
59

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$557,729
Total Directors
63
$1,105,215
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KATHY SCHWAIG TRUSTEE/PRESIDENT 1.00
Director
$0 $100,036 $580,542
DR IVAN PULINKALA TRUSTEE/KSU PROVOST 1.00
Director
$0 $81,312 $440,249
MR LARRY STEVENS TRUSTEE/KSU EXECUTIVE IN RESIDENCE (RETIRED) 1.00
Director
$0 $0 $84,424
MR THEODORE L PARRISH CHAIRMAN 1.00
Officer Director
$0 $0 $0
MRS JENNIFER BRITT FLECK VICE CHAIR - CHAIR ELECT 1.00
Officer Director
$0 $0 $0
MR ANDRE SCHNABL TREASURER 1.00
Officer Director
$0 $0 $0
MR TRENT TURK SECRETARY 1.00
Officer Director
$0 $0 $0
MR STEVEN CADRANEL IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
MS ANGIE M ALEXANDER TRUSTEE 1.00
Director
$0 $0 $0
MR LUIS ARRIAGA TRUSTEE 1.00
Director
$0 $0 $0
MR RICHARD A BENNETT TRUSTEE 1.00
Director
$0 $0 $0
MR SHAILA BETTADAPUR TRUSTEE (THRU 6/30/25) 1.00
Director
$0 $0 $0
MRS SARAH BOONE TRUSTEE 1.00
Director
$0 $0 $0
DR RON L BRAUND TRUSTEE 1.00
Director
$0 $0 $0
MR R ALLEN BROOKS TRUSTEE 1.00
Director
$0 $0 $0
MS ELIZABETH W CAMP TRUSTEE 1.00
Director
$0 $0 $0
MS CARMEN CHUBB TRUSTEE 1.00
Director
$0 $0 $0
MR MEL C CLEMMONS TRUSTEE 1.00
Director
$0 $0 $0
DR MICHAEL J COLES TRUSTEE 1.00
Director
$0 $0 $0
MR RICHARD COX TRUSTEE 1.00
Director
$0 $0 $0
MR DON E DAVIDSON TRUSTEE 1.00
Director
$0 $0 $0
MR BORJA DE OLANO TRUSTEE 1.00
Director
$0 $0 $0
MR STEPHEN W DILS TRUSTEE 1.00
Director
$0 $0 $0
MR JAMES P DUNN TRUSTEE 1.00
Director
$0 $0 $0
MR MICKEY DUNN TRUSTEE 1.00
Director
$0 $0 $0
MRS SHELLY ELDER TRUSTEE 1.00
Director
$0 $0 $0
MRS JENNIFER ELLIS TRUSTEE (THRU 6/30/25) 1.00
Director
$0 $0 $0
MS CONNIE L ENGEL TRUSTEE (THRU 6/30/25) 1.00
Director
$0 $0 $0
MS HEATHER FORTNER TRUSTEE 1.00
Director
$0 $0 $0
MR REUEL RICK HAMILTON III TRUSTEE 1.00
Director
$0 $0 $0
MR JOSEPH J HANDY TRUSTEE 1.00
Director
$0 $0 $0
MRS STACY HAUBENSCHILD TRUSTEE 1.00
Director
$0 $0 $0
MR WILLIAM M HAYES TRUSTEE 1.00
Director
$0 $0 $0
MR FRANK M HOWARD TRUSTEE 1.00
Director
$0 $0 $0
MR I BARRY HYMAN TRUSTEE 1.00
Director
$0 $0 $0
MR DON JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MR DOUGLAS E JONES TRUSTEE 1.00
Director
$0 $0 $0
MR RANDY KOPORC TRUSTEE 1.00
Director
$0 $0 $0
MR LAWRENCE P KRASKA TRUSTEE 1.00
Director
$0 $0 $0
MRS CATHERINE LAND WATERS TRUSTEE 1.00
Director
$0 $0 $0
MR ROB LEVEN TRUSTEE 1.00
Director
$0 $0 $0
MR BEN L LOOPER TRUSTEE 1.00
Director
$0 $0 $0
MS BETH LOWRY TRUSTEE 1.00
Director
$0 $0 $0
MR CARIC MARTIN TRUSTEE 1.00
Director
$0 $0 $0
MR DAVID MCKOY TRUSTEE 1.00
Director
$0 $0 $0
MR DAVID MILLICAN TRUSTEE 1.00
Director
$0 $0 $0
MRS JUDITH MOEN TRUSTEE 1.00
Director
$0 $0 $0
MR SIDDHARTHA MOOKERJI TRUSTEE 1.00
Director
$0 $0 $0
MRS ALANA MUELLER TRUSTEE 1.00
Director
$0 $0 $0
MR JAMES CHRIS PIKE TRUSTEE 1.00
Director
$0 $0 $0
MRS DEBORAH PIKE TRUSTEE 1.00
Director
$0 $0 $0
MR NORMAN J RADOW TRUSTEE 1.00
Director
$0 $0 $0
MR LEE RHYANT TRUSTEE 1.00
Director
$0 $0 $0
MRS CANDICE L SAUNDERS TRUSTEE 1.00
Director
$0 $0 $0
MR DOUGLAS SHORE TRUSTEE 1.00
Director
$0 $0 $0
MR RICHARD S SIEGEL TRUSTEE 1.00
Director
$0 $0 $0
MRS ROBYN SMITH TRUSTEE 1.00
Director
$0 $0 $0
MS TRACY STYF TRUSTEE 1.00
Director
$0 $0 $0
MR DARRELL SUTTON TRUSTEE 1.00
Director
$0 $0 $0
MS VALERY VOYLES TRUSTEE 1.00
Director
$0 $0 $0
MR DAVID R WALENS TRUSTEE 1.00
Director
$0 $0 $0
MR TIM WILKERSON TRUSTEE 1.00
Director
$0 $0 $0
MR MARK WILSON TRUSTEE 1.00
Director
$0 $0 $0
MR LANCE E BURCHETT CEO 20.00
Officer
$0 $38,116 $335,692
MR STEPHEN BRIDGES CFO 40.00
Officer
$0 $32,484 $222,037
MS JANELLE FUNK DIRECTOR OF ANALYSIS 20.00
Highest
$0 $27,619 $167,286
MS VALERIE PATRICK FOUNDATION CONTROLLER 40.00
Highest
$0 $23,098 $156,941
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $90,573,212 $55,836,512 $697,628,763 $34,736,700
2024 $60,697,286 $46,949,757 $509,633,557 $13,747,529
2023 $59,128,402 $52,901,421 $500,639,088 $6,226,981
2022 $60,637,080 $44,297,166 $526,662,340 $16,339,914
2021 $85,548,111 $38,721,419 $537,455,993 $46,826,692
2020 $56,320,828 $44,564,885 $451,624,023 $11,755,943
2019 $50,185,159 $42,290,360 $453,917,733 $7,894,799
2018 $54,262,809 $41,401,195 $461,268,397 $12,861,614
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