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US nonprofit · EIN 556011111 · Huntington, WViSource and licenceOrganisation record IRS Exempt Organizations Business Master File (EIN 556011111) - NTEE activity code, address.Board and officers IRS Form 990 annual filings, Part VII (directors, trustees, officers, key employees), read year by year to observe tenure.Latest return IRS Form 990 series e-file data - 990 for the year to 30 June 2025: assets, liabilities, staff, website, telephone, pay, related organisations (Schedule R), grants paid (Schedule I).Finances by year IRS Form 990 e-file data - total revenue and total expenses by tax year.Renewal outlook Computed by Governance Register from the observed filing history and filed revenue (us-approach-v4-clean). Not a statement that the organisation is recruiting.Deductibility IRS Publication 78 data (code PC), downloaded 18 October 2026.State registers Colorado Secretary of State (17 October 2026).Licence US Federal Government public domain.How we handle data

Marshall University Foundation Incorporated

Donations deductible
Revenue
$85.1m
year to 30 June 2025
Expenses
$19.8m
year to 30 June 2025
Total assets
$442m
$70.5m liabilities
Net assets
$371.5m
assets less liabilities
Directors and trustees
25
6.0y av
Staff
44
100 volunteers
Chair observed
≥7 yrs
Mrs Sharon D Shaffer
Left since last filing
5
20% of the board
How am I connected?

Marshall University Foundation Incorporated's network

25 people9 organisationsi25 people and 9 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (25). Violet dotted lines (9) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.

The board

25 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 25 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.
NameRole as filedSinceOn the board
Mrs Nancy E Campbell ChairBoard Chair2018
8 yrs
Mrs Sharon D Shaffer Chair (also filed as Mrs Sharon Shaffer)Immediate Past Chair2018
8 yrs
Dr Joseph ToumaDirector2018
8 yrs
Dr Robert HessDirector2022
4 yrs
Mr Barry BurgessDirector2021
5 yrs
Mr Bernard CostonFirst Vice Chair2018
8 yrs
Mr Charles W PaceDirector2018
8 yrs
Mr Danny VanceCompany secretary2021
5 yrs
Mr Louis Costanzo IIIDirector2025
1 yr
Mr Marc WilliamsDirector2021
5 yrs
Mr Mark A ChandlerDirector2018
8 yrs
Mr Max LedererDirector2020
6 yrs
Mr Norman MosrieDirector2021
5 yrs
Mr Rex W JohnsonDirector2018
8 yrs
Mr Robert SimpsonDirector2025
1 yr
Mr Steve RubinDirector2025
1 yr
Mr Steven WellmanDirector2023
3 yrs
Mr William V JacksonDirector2018
8 yrs
Mr William W CarterDirector2021
5 yrs
Mrs A Sue ZembaTreasurer2018
8 yrs
Mrs Carol J HartleyDirector2018
8 yrs
Mrs Verna K Gibson (also filed as Mrs Verna Gibson)Director2020
6 yrs
Ms Diane Ramy FaulconerDirector2018
8 yrs
Ms Elizabeth WeisbergDirector2025
1 yr
Ms Kathy EddyDirector2023
3 yrs
Under 5 years5 to 6 years6 years or moreShow all 25 →

Officers and senior leadership

5 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.
NameTitle as filedOn the filings
Dr Ronald G AreaCEOsince 2018
Joseph AlllwoodCOO2019
Mr Joseph AllwoodCOOsince 2020
Mr Nicolas KaragosianCEO/Foundation President2025
Mr R Scott AndersonCFOsince 2018

Pay and hours

year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.
NameTitle as filedHours a weekPay from the organisationRelated organisationsOther
Dr Ronald AreaCEO (Retired)40$276k$58k
Mr R Scott AndersonCFO40$153k$37k
Mr Nicolas KaragosianCEO/Foundation President40$100k$27k
Mr Bernard CostonFirst Vice Chair2$0
Mrs Nancy E CampbellBoard Chair3$0
Mrs Carol J HartleyDirector2$0
Mrs Sharon D ShafferImmediate Past Chair2$0
Mr Barry BurgessDirector2$0
Mr William W CarterDirector2$0
Mr Mark A ChandlerDirector2$0
Ms Kathy EddyDirector2$0
Ms Diane Ramy FaulconerDirector2$0
Mrs Verna K GibsonDirector2$0
Dr Robert HessDirector2$0
Mr William V JacksonDirector2$0
Mr Rex W JohnsonDirector2$0
Mr Max LedererDirector2$0
Mr Norman MosrieDirector2$0
Mr Charles W PaceDirector2$0
Dr Joseph ToumaDirector2$0
Mr Danny VanceSecretary2$0
Mr Steven WellmanDirector2$0
Mr Marc WilliamsDirector2$0
Mrs A Sue ZembaTreasurer2$0
Mr Steve RubinDirector2$0
Mr Robert SimpsonDirector2$0
Ms Elizabeth WeisbergDirector2$0
Mr Louis Costanzo IIIDirector2$0

Colorado roster

30 listediOfficers, directors and trustees from the latest filing with the Colorado Secretary of State (document 20263022813). Titles are as filed; some entries are registered agents or custodians of records rather than board members. Source: data.colorado.gov, public domain.
NameTitle as filed
Danny VanceSecretary
Nicolas KaragosianCEO/Foundation President 0
Charles W. PaceDirector
Verna K. GibsonDirector
Mark A. ChandlerDirector
Steven WellmanDirector
Sharon D. ShafferImmediate Past Chair
Bernard CostonFirst Vice Chair
Joseph ToumaDirector
Barry BurgessDirector
A Sue ZembaTreasurer
R. Scott Anderson
Louis Costanzo IIIDirector
Kathy EddyDirector
Nicolas KaragosianPresident
Carol J. HartleyDirector
Robert SimpsonDirector
Nancy E. CampbellBoard Chair
Marc WilliamsDirector
Steve RubinDirector
William V. JacksonDirector
Ronald AreaCEO (Retired) 0
Robert HessDirector
Diane Ramy FaulconerDirector
William W. CarterDirector
R Scott AndersonCFO
Rex W. JohnsonDirector
Max LedererDirector
Elizabeth WeisbergDirector
Norman MosrieDirector

About

Legal name
Marshall University Foundation Incorporated
EIN
556011111
Address
519 John Marshall Dr, Huntington, WV, 25703-1400
State
West Virginia
Mission
The organization's primary exempt purpose is to provide support to Marshall University by receiving, investing and administering private resources. (as filed on the Form 990)
Activity (NTEE)
B110 Education
IRS classification
501(c)03 (tax-exempt under section 501(c)(3) where shown)
Classified purpose
Education
Size band
9 (IRS master file code)
Formed
1947
Principal officer
R Scott Anderson (as named on the Form 990)
IRS ruling date
1 November 1951
Status
Code 01 (unconditional exemption)
Form 990 filings on record
8, latest 2025
IRS Publication 78
PC (contributions deductible)

Most connected

Related organisations (Schedule R)

RelatedReceive real estate on behalf of MarshallMarshall University Real Estate Foundation IncRelatedAlumni activitiesMarshall University Alumni Association Inc

Longest observed on the filings

≥8years on the filingsMrs Nancy E Campbell
≥8years on the filingsMrs Sharon D Shaffer
≥8years on the filingsDr Joseph Touma
≥8years on the filingsMr Bernard Coston

Latest return

year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.
Total assets
$442m
Total liabilities
$70.5m
Net assets or fund balances
$371.5m
Contributions and grants received
$74.5m
Program service revenue
$42k
Grants and similar paid out
$8.8m
Employees
44
Volunteers
100

Filed finances

1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.
Tax yearTotal revenueTotal expensesSurplus or deficit
2023$22.2m$50mDeficit $27.9m

As filed on the IRS Form 990. US dollars.

Grants paid

1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.
RecipientPurposeAmount
Marshall Universityto support the students and university departments in their educational mission$14.8m

State registration

1 entityiBusiness-entity registers published by US states. These records are matched to this organisation by name and state, not by EIN, and are labelled as likely matches. Street addresses are not shown.
The Marshall University Foundation, Incorporated likely matchiMatched by exact name and state (and ZIP where shown). State registers do not publish EINs, so this is not a confirmed match. Source: Colorado Secretary of State (CDOS), business entities (data.colorado.gov 4ykn-tg5h). Licence: public domain. Data last fetched 18 October 2026.
State
Colorado
Entity type
nonprofit corporation
Status
Good Standing
Formed
2 June 2026
Registered agent
Colorado Registered Agents Inc (city and state not held)

This register does not publish officers or directors.