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Nonprofit · EIN 99-3924312

KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC

Also known as KSU THOROBREDS FOUNDATION

Tax-exempt · FRANKFORT, KY 40601

Financials

$3.4M$344K2024
Revenue Expenses · by fiscal year end
Financials of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,372,279$344,284$3,027,995$3,166,433$137,193$3,029,240
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,360,660
Program service revenue
$0
Investment income
$11,619
Other revenue
$0

Expenses

Grants and similar amounts paid
$344,224
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$344,284

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$3,166,433
Total liabilities, end of year
$137,193
Net assets, end of year
$3,029,240
Publicly traded securities
$26,129
Net assets without donor restrictions
$8,235
Net assets with donor restrictions
$3,021,005
Gross receipts
$3,372,279
Employees
0
Volunteers
0
Year formed
2024
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Michael DaileyChair
Officer
3$0
Marcus BernardSecretary
Officer
3$0
Wendy DixieSecretary
Officer
3$0
Michael DeCourcyChief Executive Officer
Key employee
10$0

Address and contacts

Address (IRS master file)
400 E MAIN ST, FRANKFORT, KY 40601-2334
In care of
% MICHAEL R DECOURCY
Principal officer (990 for 2024)
Michael DeCourcy, 400 East Main St, Frankfort, KY 40601
Signed the 990
Michael DeCourcy, Chief Executive Officer
Phone
(502) 892-9375

Mission

The Kentucky State University Thorobreds Foundation maximizes private support for Kentucky State University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for the students, campuses and units across the University.

990 for the year ended June 30, 2025

Program accomplishments

  • Supporting eligible students through the collection and distribution of scholarship funds while advancing the academic programs, initiatives, mission, and activities of Kentucky State University through program support funds.
    Expenses $344,224

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024Check at the IRS

IRS record

EIN
99-3924312
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2024
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$3,166,433
Income (IRS master file)
$3,372,279

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,372,279$344,284$3,166,433IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-3924312).

Questions about KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC

What is the EIN of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC?
The employer identification number (EIN) of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC is 99-3924312.
Is KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Michael DeCourcy.
Who are the officers and directors of KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,372,279, expenses of $344,284 and total assets of $3,166,433 at year end.

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