2023-02-06T13:00:07-06:00 2022-06-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2021-07-01 860193726 NORTHERN ARIZONA UNIVERSITY FOUNDATION NORT 9285232012 620 S KNOLES FLAGSTAFF AZ 86011 NICHOLAS LOBEJKO CEO 9285232012 2023-02-03 1 NICHOLAS LOBEJKO 999009999 BRENDA ANN BLUNT CPA P00075126 4803151040 2023-01-30 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z MR NICHOLAS LOBEJKO 620 S KNOLES FLAGSTAFF AZ 86011 54263292 0 X FOUNDATIONNAU.ORG X 1959 AZ OUR MISSION IS TO PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION,(CONT'D ON SCHED O) AND FOSTER PRIVATE INVESTMENT IN IT BY CREATING AND NURTURING MEANINGFUL RELATIONSHIPS. 20 20 0 420 0 0 15415607 21262614 177062 3803 6349608 14870196 2196554 1624830 24138831 37761443 18969459 10867789 0 0 0 0 0 0 5234571 5579417 6033489 24548876 16901278 -410045 20860165 294733489 256288832 56565127 42735138 238168362 213553694 ADVANCE THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT AND STEWARDSHIP. 0 0 10867789 10867789 64626 THE NORTHERN ARIZONA UNIVERSITY FOUNDATION IS DEDICATED TO ADVANCING THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT, AND PROVIDING STEWARDSHIP. THIS YEAR, THE NAU FOUNDATION ACHIEVED A FUNDRAISING MILESTONE TO ASSIST NAU IN TRANSFORMING LIVES AND ENRICHING COMMUNITIES. DONORS SUPPORTED OVER $9M IN STUDENT AND FACULTY SUCCESS INITIATIVES, HELPING CREATE ACCESS TO AFFORDABLE HIGH-IMPACT ACADEMIC PROGRAMS, ADVANCE KNOWLEDGE AND INNOVATION, AND DEVELOP CULTURALLY RESPONSIVE OPPORTUNITIES FOR INDIGENOUS STUDENTS. MORE THAN $8.5M IN DONOR INVESTMENTS INSPIRED THE NAU STUDENT-ATHLETE HIGH PERFORMANCE CENTER TO CREATE A LIVING AND LEARNING RESEARCH LABORATORY. THE NAU FOUNDATION AWARDED OVER 2,200 OR APPROXIMATELY $4M IN SCHOLARSHIPS TO PROVIDE BOLD AND BOUNDLESS OPPORTUNITIES. 10867789 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 107 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK CA CO HI IL ME MD MA MI MN NJ NY OR OH UT WA WI NH X X JENNIFER STEVENSON 9285238424 620 S KNOLES FLAGSTAFF AZ 86011 X MR DAVE FRANKE CHAIR 4.00 X X 0 0 0 MS VICTORIA FIMEA VICE CHAIR 3.00 X X 0 0 0 VADM ROBIN BRAUN TREASURER 3.00 X X 0 0 0 MS AMY PENA SECRETARY 2.00 X X 0 0 0 MS BARBARA MCCLOUD PAST CHAIR 2.00 X X 0 0 0 MR GEORGE ADAMS DIRECTOR 2.00 X 0 0 0 MS LISA BAGWELL DIRECTOR 1.00 X 0 0 0 MR BOB BEMENT DIRECTOR 1.00 X 0 0 0 MR ROBERT BRAUDY DIRECTOR 2.00 X 0 0 0 MR DON BROOKS DIRECTOR 1.00 X 0 0 0 MR BOOKER EVANS DIRECTOR 1.00 X 0 0 0 MR DICK GERKIN DIRECTOR 1.00 X 0 0 0 MR BILL HEIBEL DIRECTOR 2.00 X 0 0 0 MR TIM KINNEY DIRECTOR 1.00 X 0 0 0 MS PEGGY NELSON DIRECTOR 1.00 X 0 0 0 MS SANDY OWEN DIRECTOR 1.00 X 0 0 0 MR THOMAS PERKINS DIRECTOR 2.00 X 0 0 0 MR RICK RODRIQUEZ DIRECTOR 1.00 X 0 0 0 MS KATRINA ROGERS DIRECTOR 1.00 X 0 0 0 MR TONY TEWELIS DIRECTOR 1.00 X 0 0 0 MR MICHAEL BASSOFF CEO (THRU 02/2022) 20.00 X 0 0 0 MS CHRISTY FARLEY INTERIM CEO (AS OF 02/2022) 15.00 X 0 0 0 MS ALECIA DILLION CFO (THRU 12/2021) 40.00 X 0 0 0 MS JENNIFER STEVENSON CFO (AS OF 06/2022) 40.00 X 0 0 0 0 0 0 0 0 0 0 NORTHERN ARIZONA UNIVERSITY 620 S KNOLES FLAGSTAFF AZ 86011 MANAGEMENT SERVICES 420055 1 143307 21119307 1492405 21262614 PROJECT FEES 900099 3803 3803 3803 3324906 3324906 1495673 1495673 23559337 4409397 16316424 107020 7242913 4302377 11545290 11545290 57280 143307 78405 -21125 -21125 3750 0 3750 3750 MISC PROGRAM INCOME 900099 60823 60823 REIMBURSEMENTS 900099 40645 40645 COMMISSIONS 900099 38201 38201 6863 6863 146532 37761443 64626 0 16434203 6847009 6847009 4020780 4020780 322271 322271 86495 86495 127790 127790 106853 106853 34148 34148 1895 1895 37197 37197 7560 7560 29370 29370 20282 20282 9629 9629 PUBLIC RELATIONS 5234571 5234571 EBS EXPENSE 13988 13988 BANK CHARGES 1440 1440 16901278 10867789 798918 5234571 3993897 4564093 9618334 15103276 140799 74129 94589 201191 100292 100292 0 0 263222573 220940231 2144292 763214 15519005 14642698 294733489 256288832 347732 170111 5216209 796498 48743468 39225363 2257718 2543166 56565127 42735138 X 10961222 13737525 227207140 199816169 238168362 213553694 294733489 256288832 X 20860165 -43436908 -2037925 X 0 1 X 1 0 X 12904369 12774099 19059475 15415607 21262614 81416164 12904369 12774099 19059475 15415607 21262614 81416164 9072963 72343201 5057669 5038650 5605530 5316870 4820579 25839298 142862 6837 149699 17757 18782 12690 2847 44753 96829 107501990 1887638 0.67290 0.68440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PREMIUMS - 2017 AMOUNT: $ 11,814. 2018 AMOUNT: $ 18,782. 2019 AMOUNT: $ 12,690. 2020 AMOUNT: $ 2,847. 2021 AMOUNT: $ 6,552. GIFT CLUB - 2017 AMOUNT: $ 5,943. COMMISSIONS - 2021 AMOUNT: $ 38,201. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250 X 0 0 1 X 191169979 8172929 -35175771 4867037 5080066 154220034 127323879 10146336 47724822 4068304 2486206 178640527 125025412 7779164 1962165 5263549 2179313 127323879 123053454 5487541 1745342 3531195 1729730 125025412 113201123 6401777 8585843 3309466 1825823 123053454 0.08180 0.67840 0.23980 0 0 100292 100292 0 0 CAMPUS ART COLLECTION 250 GOLF MEMBERSHIP 45000 BENEFICIAL INTERESTS IN TRUSTS 3264769 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENTS 3611071 CASH SURRENDER VALUE LIFE INSURANCE 7721608 14642698 SPLIT INTEREST AGREEMENTS 2538246 DUE TO NAU 4920 2543166 X 27579602 750 385215 385965 27193637 10567806 10567806 37761443 18189518 750 1394343 1395093 16794425 106853 106853 16901278 PART III, LINE 4: THE ART EXHIBIT IS TO FURTHER ENHANCE THE EDUCATIONAL VALUE OF THE STUDENTS OF NORTHERN ARIZONA UNIVERSITY. OUR PURPOSE IS TO SUPPORT NORTHERN ARIZONA UNIVERSITY IN THEIR MISSION TO PROVIDE SUPERIOR EDUCATION TO THEIR STUDENTS. PART IV, LINE 2B: NORTHERN ARIZONA UNIVERSITY FOUNDATION, INC. ADMINISTERS VARIOUS FUNDS FOR NORTHERN ARIZONA UNIVERSITY AND NAU PARENT'S ASSOCIATION. NORTHERN ARIZONA UNIVERSITY AND NAU PARENT'S ASSOCIATION MAINTAIN OWNERSHIP OF THEIR RESPECTIVE FUNDS. ASSETS HELD ON BEHALF OF NORTHERN ARIZONA UNIVERSITY WERE $48,526,026. ASSETS HELD ON BEHALF OF NAU PARENT'S ASSOCIATION WERE $217,442. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE LONG-TERM SUPPORT FOR NORTHERN ARIZONA UNIVERSITY. PART X, LINE 2: NAU FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN BY THE COMBINED ENTITY, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE 112,006. SPECIAL EVENT EXPENSES 78,404. STUDENT FINANCIAL AID RETURN 194,805. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST INCOME 3,324,893. REALIZED CAPITAL GAIN INCOME 7,242,913. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 78,404. BAD DEBT EXPENSE 1,315,939. SCHEDULE D, PART V, LINE 1A THE PRIOR YEAR FINANCIAL STATEMENT FOOTNOTE AND 990 RETURN INADVERTENTLY OMITED $12,529,452 FROM THE ENDOWMENT DISCLOSURES. THE 2021 BEGINNING BALANCE HAS BEEN ADJUSTED IN THE CURRENT YEAR TO REFLECT THE CORRECTED BEGINNING OF THE YEAR BALANCE. THE BEGINNING BALANCE PERCENTAGES WERE COMPRISED OF THE FOLLOWING: BOARD DESIGNATED OR QUASI-ENDOWMENT - 8.61% PERMANENT ENDOWMENT - 49.95% TERM ENDOWMENT - 41.44% GOLF TOURNAMENT 77866 76266 1600 710 15838 3393 5983 CASINO NIGHT 44121 31741 12380 1225 1587 2097 60 3310 2112 2 78600 35300 43300 16819 10444 14827 200587 143307 57280 1935 1587 34754 13897 3310 22922 78405 -21125 1 NORTHERN ARIZONA UNIVERSITY 600 S KNOLES DR FLAGSTAFF AZ 86011 742579628 NO. AZ UNIVERSITY 6847009 0 EDUCATION SUPPORT 1 0 SCHOLARSHIPS 1658 4020780 PART I, LINE 2: THE FOUNDATION AND THE UNIVERSITY HAVE WRITTEN POLICIES FOR THE DISTRIBUTION OF PROGRAM AND SCHOLARSHIP FUNDS. THE FOUNDATION EMPLOYS A PROFESSIONAL STAFF THAT REVIEWS AND APPROVES ALL EXPENDITURES. THE UNIVERSITY DEPARTMENTS RECEIVING GRANTS, INCLUDING THE FINANCIAL AID DEPARTMENT WHO RECEIVES THE SCHOLARSHIPS ON BEHALF OF THE STUDENTS, AND THE FOUNDATION HAVE JOINT RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS ONCE THE FUNDS HAVE BEEN TRANSFERRED TO THE DEPARTMENTS. X 34 1492205 STOCK QUOTE X GIFT CARDS 1 200 COST 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH NORTHERN ARIZONA UNIVERSITY (NAU) FOR MANAGEMENT SERVICES PROVIDED BY ITS EMPLOYEES. THE FOUNDATION REIMBURSES NAU FOR THESE SALARIES AND BENEFITS WHICH ARE INCLUDED ON FORM 990 PART IX LINE 11A. THE COMPENSATION OF MICHAEL BASSOFF, THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2021 WAS $285,854. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $255,605, DEFERRED COMPENSATION OF $14,306, AND NONTAXABLE BENEFITS OF $15,943. THE COMPENSATION FOR ALECIA DILLON, THE TOP FINANCIAL OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2021 WAS $186,669. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $166,652, DEFERRED COMPENSATION OF $12,122, AND NONTAXABLE BENEFITS OF $7,895. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS GIVEN TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY GOVERNS CERTAIN CONFLICT OF INTEREST TRANSACTIONS BETWEEN THE CORPORATION AND DIRECTORS (AND THEIR RELATIVES), OFFICERS AND THEIR AFFILIATES. THE POLICY IS REDISTRIBUTED ANNUALLY, ALONG WITH A VENDOR LIST, FOR CONFIRMATION OF ANY POSSIBLE CONFLICTS OF INTEREST THAT MAY HAVE BECOME A RISK. IF THERE IS ANY RISK, IT IS ADDRESSED AT THAT TIME. ON AN ONGOING BASIS, IF ANY CONFLICT OF INTEREST IS RECOGNIZED, IT IS INVESTIGATED AND DEALT WITH ACCORDINGLY THROUGH ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 ALL OF THE FOUNDATION'S EMPLOYEES ARE COMPENSATED BY NORTHERN ARIZONA UNIVERSITY, AN UNRELATED ORGANIZATION, FOR MANAGEMENT SERVICES PROVIDED TO THE FOUNDATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE SERVICES. THESE SALARIES AND BENEFITS ARE INCLUDED ON FORM 990, PART IX, LINE 11A. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -470,744. CHANGE IN VALUE OF PERPETUAL TRUSTS -558,053. CHANGE IN VALUE OF LIFE INSURANCE 112,006. BAD DEBT EXPENSE -1,315,939. STUDENT FINANCIAL AID RETURN 194,805. 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