Marshall University Foundation Incorporated

Huntington, WV · EIN 55-6011111 · Education · Rank 6,191 by total revenue

The Marshall University Foundation was chartered on January 3, 1947 as an independent non-profit organization to receive, invest, administer and disburse private resources on behalf of Marshall University.

Money, Form 990 for tax year 2024

Total revenue: $85,061,153
Total expenses: $19,801,569
Total assets: $441,956,283
Salary base (all salaries and wages): $2,641,207
Salaries, other pay and benefits: $3,440,801
Employees: 44
Salary base per employee: $60,027

"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.

Leadership (27)

Name	Title	Role	Hours/week	Total pay
Mr Bernard Coston	First Vice Chair	Board, Officer	2	None reported
Mrs Nancy E Campbell	Board Chair	Board, Officer	3	None reported
Mrs Carol J Hartley	Director	Board, Officer	2	None reported
Mr Danny Vance	Secretary	Board, Officer	2	None reported
Mrs A Sue Zemba	Treasurer	Board, Officer	2	None reported
Mr R Scott Anderson	CFO	Key employee, Highly paid employee	40	$189,972
Mr Nicolas Karagosian	CEO/Foundation President	Key employee, Highly paid employee	40	$126,381
Mrs Sharon D Shaffer	Immediate Past Chair	Board	2	None reported
Mr Barry Burgess	Director	Board	2	None reported
Mr William W Carter	Director	Board	2	None reported
Mr Mark A Chandler	Director	Board	2	None reported
Ms Kathy Eddy	Director	Board	2	None reported
Ms Diane Ramy Faulconer	Director	Board	2	None reported
Mrs Verna K Gibson	Director	Board	2	None reported
Dr Robert Hess	Director	Board	2	None reported
Mr William V Jackson	Director	Board	2	None reported
Mr Rex W Johnson	Director	Board	2	None reported
Mr Max Lederer	Director	Board	2	None reported
Mr Norman Mosrie	Director	Board	2	None reported
Mr Charles W Pace	Director	Board	2	None reported
Dr Joseph Touma	Director	Board	2	None reported
Mr Steven Wellman	Director	Board	2	None reported
Mr Marc Williams	Director	Board	2	None reported
Mr Steve Rubin	Director	Board	2	None reported
Mr Robert Simpson	Director	Board	2	None reported
Ms Elizabeth Weisberg	Director	Board	2	None reported
Mr Louis Costanzo III	Director	Board	2	None reported

Top 10 paid people listed

These 3 people received $651,223, which is 24.7% of the $2,641,207 salary base shared by 44 employees.

Name	Title	Role	Hours/week	From this org	From related orgs	Other pay	Total
Dr Ronald Area	CEO (Retired)	Former	40	$276,390	$0	$58,480	$334,870
Mr R Scott Anderson	CFO	Key employee, Highly paid employee	40	$152,951	$0	$37,021	$189,972
Mr Nicolas Karagosian	CEO/Foundation President	Key employee, Highly paid employee	40	$99,748	$0	$26,633	$126,381

Sources

IRS e-file return 202600639349300520 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
IRS Tax Exempt Organization Search for EIN 55-6011111
Organization website (as filed): www.formarshallu.org