2023-03-02T12:49:31-06:00 2022-06-30 232108173 RKL LLP 1330 BROADCASTING ROAD WYOMISSING PA 196106008 990 2021-07-01 232256893 KUTZTOWN UNIVERSITY FOUNDATION INC KUTZ 6106831513 WEISENBERGER ALUMNI CTR PO BOX 15 KUTZTOWN PA 19530 EDWARD T RICHMOND ASSOCIATE EXECUTIVE DIRECTOR & CFO 6106831513 2023-02-14 1 EDWARD RICHMOND XXX-XX-XXXX STEPHANIE E KANE CPA P01275157 6103761595 2023-02-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EDWARD T RICHMOND WEISENBERGER ALUMNI CTR PO BOX 151 KUTZTOWN PA 19530 30410789 0 X WWW.KUF.ORG X 1982 PA TO RAISE FUNDS TO ASSIST IN DEVELOPING AND ENHANCING QUALITY EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, ALUMNI AND THE GREATER KUTZTOWN UNIVERSITY COMMUNITY. 25 25 44 327 55745 54745 5717612 5855537 5459312 5441141 2238751 3044078 -82164 220331 13333511 14561087 1957034 3207343 0 0 2494050 2334889 0 0 1639063 4282592 3956524 8733676 9498756 4599835 5062331 80034121 74779996 28756961 25173831 51277160 49606165 X THE MISSION OF THE KUTZTOWN UNIVERSITY FOUNDATION IS TO RAISE FUNDS TO ASSIST IN DEVELOPING AND ENHANCING QUALITY EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, AND ALUMNI, AND THE GREATER KUTZTOWN UNIVERSITY COMMUNITY. 0 0 1582140 1582140 PROVIDE SCHOLARSHIPS TO THE STUDENTS OF KUTZTOWN UNIVERSITY 1625203 1625203 PROVIDE FINANCIAL ASSISTANCE TO KUTZTOWN UNIVERSITY AND ITS STUDENTS 2865811 3491765 PROVIDE AFFORDABLE AND COMFORTABLE HOUSING FOR STUDENTS OF KUTZTOWN UNIVERSITY 643896 1949376 PROVIDE FUNDRAISING, DEVELOPMENT, AND PHILANTHROPIC FUND ADMINISTRATION SERVICES TO KUTZTOWN UNIVERSITY 643896 1949376 6717050 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 58 0 1 44 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA FL MA MD MI MN NJ NY SC VA IL WA NH ME PA X X EDWARD T RICHMOND ASSOCIATE EXECUTIVE DIRECTOR CFO 6106831513 15197 KUTZTOWN ROAD KUTZTOWN PA 19530 CHARLES PERKINS VICE PRESIDENT 5.00 2.00 X X 0 0 0 DIANE PISCITELLI BOARD MEMBER 2.00 2.00 X 0 0 0 DRITA BRIJA ESQ BOARD MEMBER 2.00 2.00 X 0 0 0 FRANK BREWER BOARD MEMBER 2.00 2.00 X 0 0 0 JEFFREY FUSSNER BOARD MEMBER 2.00 2.00 X 0 0 0 KATHLEEN NOLAN STUARDI BOARD MEMBER 2.00 2.00 X 0 0 0 KEVIN ROCK BOARD MEMBER 2.00 2.00 X 0 0 0 LEON S ARIYAN BOARD MEMBER 2.00 2.00 X 0 0 0 MARILYN G STEWART BOARD MEMBER 2.00 2.00 X 0 0 0 MARY GREEN BOARD MEMBER 2.00 2.00 X 0 0 0 MICHELLE R MASON BOARD MEMBER 2.00 2.00 X 0 0 0 MIKAL PAYNE BOARD MEMBER 2.00 2.00 X 0 0 0 NATHANIEL J WILLIAMS BOARD MEMBER 2.00 2.00 X 0 0 0 NICO GOFFREDO BOARD MEMBER 2.00 2.00 X 0 0 0 NORMAN INKPEN BOARD MEMBER 5.00 2.00 X 0 0 0 PAUL PRESINZANO BOARD MEMBER 2.00 2.00 X 0 0 0 ROBERT LANDIS BOARD MEMBER 2.00 2.00 X 0 0 0 SCOT HORST BOARD MEMBER 2.00 2.00 X 0 0 0 SCOTT DORN PRESIDENT 5.00 2.00 X X 0 0 0 SUSAN PICHINI BOARD MEMBER 2.00 2.00 X 0 0 0 SUSAN ZIEGENFUS SECRETARY 5.00 2.00 X X 0 0 0 THOMAS E KAUFFMAN BOARD MEMBER 2.00 2.00 X 0 0 0 TIMOTHY MASLUK BOARD MEMBER 2.00 2.00 X 0 0 0 WILLIAM KREITZ TREASURER 5.00 2.00 X X 0 0 0 WILLIS RAPP BOARD MEMBER 2.00 2.00 X 0 0 0 ALEX OGEKA EXECUTIVE DIRECTOR 50.00 X 170000 0 44987 EDWARD T RICHMOND ASSOCIATE EXECUTIVE DIRECT 50.00 X 170000 0 38295 JAYANNE SEVAST SENIOR DIRECTOR OF PHILANTHROPY AND ENGAGEMENT 50.00 X 101350 0 31602 KATHLEEN MEISCHKE CONTROLLER 50.00 X 101200 0 32199 542550 0 147083 2 0 1 0 SKEPTON CONSTRUCTION 3481 FINLAND ROAD PENNSBURG PA 18073 CONSTRUCTION SERVICES 5618097 MRA REALTY INC 3 VILLAGE ROAD SUITE 200 HORSHAM PA 19044 PROPERTY MANAGEMENT SERVICES 524794 HAMPSON MOWRER KREITZ INSURANCE AGENCY 54 S COMMERCE WAY SUITE 150 BETHLEHEM PA 18017 INSURANCE - PROPERTY & GENERAL LIABILITY 221925 JOHNSON CONTROLS FIRE PROTECTION LP DEPT CH 10320 PALATINE IL 60055 FIRE SAFETY MONITORING AND REPAIRS 150498 GRENZEBACH GLIER & ASSOCIATES INC PO BOX 775324 CHICAGO IL 60677 CAMPAIGN ADVISORY SERVICES 126217 7 87500 5768037 558942 5855537 HOUSING FEES 611710 3491765 3491765 UNIVERSITY SERVICES 611710 1940500 1940500 RENTAL OF SCIENTIFIC EQUIPMENT SI 611710 8876 8876 5441141 862565 862565 55745 55745 27829 72923 -45094 -45094 -45094 17746555 61575 15462370 164247 2284185 -102672 2181513 2181513 125466 138740 -13274 -13274 32965 11422 21543 21543 MISCELLANEOUS INCOME 611310 206151 206151 CHANGE IN CASH SURRENDER VALUE OF 611310 -4740 -4740 201411 14561087 5441141 55745 3208664 1625203 1625203 1582140 1582140 457896 81171 258788 117937 1346852 309173 232595 805084 103845 22992 13839 67014 279061 60082 49858 169121 147235 34917 35951 76367 989 25 338 626 49000 1242 16729 31029 107754 107754 184169 4668 62877 116624 101098 39470 2134 59494 101243 48824 14650 37769 218922 12496 183699 22727 1023196 1023196 29065 3852 139 25074 5788 3522 2266 934132 934132 437890 428456 6461 2973 257428 158343 99085 UBIT TAXES -13597 1301 -14898 PROPERTY MANAGEMENT SER 136459 136459 FOOD 133904 73755 10502 49647 TAXES, PERMITS & LICENS 94154 90033 4121 154930 41598 58021 55311 9498756 6717050 1142643 1639063 750 750 2380324 577154 715533 976051 318348 483516 21164793 18751216 4629 4564 255861 290764 21179671 6459657 8706699 14720014 38485597 30734647 7654022 7648833 12057 11227 335508 581260 80034121 74779996 818231 1638670 3429532 2755441 21551526 19230023 2957672 1549697 28756961 25173831 X 6617143 10196158 44660017 39410007 51277160 49606165 80034121 74779996 X 5062331 -8306783 1573457 X X 0 1 X 1 0 X 2832309 2473134 4784431 5341217 5855537 21286628 2832309 2473134 4784431 5341217 5855537 21286628 1849787 19436841 751120 939157 728369 760825 890395 4069866 92689 113350 86262 52586 55745 400632 143937 116364 108727 -147634 201411 422805 26179931 29822672 0.74240 0.77190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 135752 X X X 0 41620692 754988 -5031836 941169 36402677 33068315 1933076 7505097 885796 41620692 31260406 1280256 1504172 976519 33068315 30069058 624098 1450663 883413 31260406 27940324 631407 2207565 710649 30069058 0.03090 0.96890 0.00020 0 0 3575077 3575077 8597247 3575139 5022108 523049 500936 22113 8484298 2383582 6100716 14720014 7640000 C LIFE INSURANCE CONTRACTS 8833 F 7648833 ANNUITIES PAYABLE 81198 DUE TO KUTZTOWN UNIVERSITY 312061 INTEREST RATE SWAPS 915492 SECURITY DEPOSITS 100 CRUT LIABILITY 235596 AGENCY FUNDS 5250 1549697 X 10834442 -8306783 12900 5863620 -2430263 13264705 107754 1188628 1296382 14561087 13873469 12900 4564904 4577804 9295665 107754 95337 203091 9498756 PART III, LINE 4: THE PENNSYLVANIA GERMAN CULTURAL HERITAGE CENTER COLLECTION CONSISTS OF STRUCTURES AND ARTIFACTS DEPICTING THE LIFESTYLE OF THE PENNSYLVANIA GERMAN PEOPLE WHO INHABITED THE GREATER KUTZTOWN AREA DURING THE 18TH AND 19TH CENTURIES. THE COLLECTION SUPPORTS KUTZTOWN UNIVERSITY'S PENNSYLVANIA GERMAN STUDIES PROGRAMS AND IS OPEN TO THE COMMUNITY FOR EDUCATIONAL VISITS. PART V, LINE 4: SCHOLARSHIPS FOR STUDENTS ATTENDING KUTZTOWN UNIVERSITY AND TO SUPPORT KUTZTOWN UNIVERSITY'S ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ORGANIZATION, THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENTS OF ACTIVITIES. FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FOUNDATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE FOUNDATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENTS EXPENSE 146,662. KUTZTOWN RESOURCE MANAGEMENT INCOME 458,807. RENTAL EXPENSES 72,922. KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL 82,677. CHANGE IN VALUE OF INTEREST RATE SWAP 1,558,699. CHANGE IN VALUE OF CHARITABLE GIFT ANNUNITIES 1,593. HOTEL OPERATIONS 3,538,490. OTHER CHANGES TO NET ASSETS 270. GAMBLING EXPENSES 3,500. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST FROM KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL (ELIMINATED IN CONSOL.) 33,211. KUTZTOWN RESOURCE MANAGEMENT - MOU 200,000. KUTZTOWN RESOURCE MANAGEMENT - GRANTS GIVEN TO KUTZTOWN 950,000. FESTIVAL ELIMINATION 5,000. URSUS AUREUS ELIMINATION 417. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAMBLING EXPENSE 3,500. EVENTS EXPENSE 146,662. GOLDEN BEAR VENTURES INC 13,705. KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL 440,908. KUTZTOWN RESOURCE MANAGEMENT EXPENSES 222,569. RENTAL EXPENSES 60,027. URSUS AUREUS INC 3,677,533. PART XII, LINE 4B - OTHER ADJUSTMENTS: INCOME TAXES 95,337. GOLF OUTING 19400 19400 5400 3770 2102 COACH BALDWIN 18620 18620 400 3304 5 63532 63532 19397 33380 3220 11346 101552 101552 400 28101 37150 3220 13448 82319 19233 32965 11422 0 32965 11422 11422 21543 PA 1 0 0 0 1.00000 KAY MEISCHKE WEISENBERGER ALUMNI CENTER PO BOX 1 KUTZTOWN PA 19530 0 0 SCHEDULE G, PART II THE ORGANIZATION HAD MULTIPLE EVENTS, HOWEVER, NO EVENT GROSSED $5,000 INDIVIDUALLY TO BE REPORTED ON THE SCHEDULE G, PART II. 1 KUTZTOWN UNIVERSITY PO BOX 730 KUTZTOWN PA 19530 232710197 501(C)(3) 1625203 0 FMV GRANTS AND DIRECT SUPPORT FOR EDUCATIONAL PURPOSES 1 0 SCHOLARSHIPS TO STUDENTS AT KUTZTOWN UNIVERSITY 1074 1582140 FMV PART I, LINE 2: EACH GRANT IS SET UP AS A UNIQUE PROJECT IN THE GENERAL LEDGER, AND THE GRANTEE IS NOTIFIED OF THE AMOUNT OF FUNDING AVAILABLE ALONG WITH THE APPROVED BUDGET AND ALLOWABLE EXPENDITURE CATEGORIES. GRANT PAYMENTS ARE DISBURSED ONLY UPON RECEIVING APPROPRIATE SUPPORTING DOCUMENTATION FROM THE GRANTEE. X 1 1 X 0 0 0 0 0 0 0 0 0 ALEX OGEKA EXECUTIVE DIRECTOR 170000 0 0 0 0 0 15973 0 29014 0 214987 0 0 0 EDWARD T RICHMOND ASSOCIATE EXECUTIVE DIRECT 170000 0 0 0 0 0 15793 0 22502 0 208295 0 0 0 A BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 237418629 2012-12-06 30455000 SEE SCHEDULE O 0 0 0 B MAXATAWNY TOWNSHIP MUNICIPAL AUTHORITY 232604048 2016-05-02 7150000 SEE SCHEDULE O 0 0 0 A 16525000 30455000 319155 30135845 2012 1 0 1 1 B 1849978 7150000 72250 7057381 2016 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 1 MORGAN KEEGAN FINANCIAL PRODUCTS 17.000000000000 0 0 0 0 1 B 0 0 1 0 1 1 SANTANDER BANK 10.000000000000 0 0 0 0 1 A 1 B 1 FORM 990, PART XI, LINE 2C THE PURPOSE OF THE BOND WAS TO FINANCE THE ACQUISITION AND DEVELOPMENT OF A 45-BED DORMITORY AND OFFICE BUILDING, ANOTHER OFFICE BUILDING AND A PARKING LOT FOR THE UNIVERSITY. SCHEDULE K, PART I, BOND C, COLUMN F THE PURPOSE OF THE BOND WAS TO FINANCE THE CONSTRUCTION OF THE 1,039 BED GOLDEN BEAR VILLAGE SOUTH STUDENT RESIDENCE COMPLEX. SCHEDULE K, PART I, BOND B, COLUMN F THE PURPOSE OF THE BOND WAS TO FINANCE CAPITAL IMPROVEMENTS TO GOLDEN BEAR VILLAGE SOUTH. X 2400 FMV X 4 149209 FMV X 1 125010 FMV X 17 3500 FMV X INSTRUMENTS 10 242354 FMV X COMPUTER/TV EQUIPMENT 40 19770 FMV X FURNITURE 6 11299 FMV X EVENT DONATIONS 1 5400 FMV 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PRESENTED TO THE FINANCE AND BUDGET COMMITTEE. THE PREPARING ACCOUNTANTS REVIEW THE ITEMS CONTAINED THEREIN AT THE MEETING AND THE COMMITTEE ACCEPTS THE FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMMITTEE ON DIRECTORS, WITH THE ASSISTANCE OF THE FOUNDATION'S EXECUTIVE STAFF, COLLECTS AND REVIEWS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15A BEGINNING FEBRUARY 2011, THE EXECUTIVE DIRECTOR OF THE FOUNDATION IS EMPLOYED BY THE KUTZTOWN UNIVERSITY FOUNDATION. AS SUCH, COMPENSATION IS APPROVED BY THE BOARD AND PAID BY THE FOUNDATION. THE ASSOCIATE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER'S SALARY IS APPROVED BY THE BOARD AS PART OF THE OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF CHARITABLE GIFT ANNUITIES 1,593. CHANGES IN VALUE OF INTEREST RATE SWAPS 1,558,699. BOOK/TAX DEPRECIATION DIFFERENCE 12,895. OTHER CHANGES 270. FORM 990, PART XI, LINE 2C THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS WERE PREPARED ON A CONSOLIDATED BASIS. THE FOUNDATION DOES HAVE AN AUDIT COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. KUTZTOWN RESOURCE MANAGEMENT WEISENBERGER ALUMNI CENTER PO BOX 1 KUTZTOWN PA 19530 232801872 STUDENT HOUSING PA 501(C)(3) 170(B)(1) (A)(IV) KUTZTOWN UNIVERSITY FOUNDATION 0 KUTZTOWN UNIVERSITY PO BOX 730 KUTZTOWN PA 19530 232710197 UNIVERSITY PA 501(C)(3) 170(B)(1) (A)(II) N/A 0 KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC WEISENBERGER ALUMNI CENTER PO BOX 3 KUTZTOWN PA 19530 232801648 GERMAN CULTURE EDUCATION PA 501(C)(4) KUTZTOWN UNIVERSITY FOUNDATION 0 GOLDEN BEAR VENTURES INC 15197 KUTZTOWN ROAD KUTZTOWN PA 19530 821135671 PROPERTY RENTAL PA KUTZTOWN UNIVERSITY FOUNDATION C 105671 2326717 1.00000 1 URSUS AUREUS INC 15197 KUTZTOWN ROAD KUTZTOWN PA 19530 821091569 HOTEL MANAGEMENT PA KUTZTOWN UNIVERSITY FOUNDATION C -168501 13912546 1.00000 1 CHARITABLE REMAINDER UNITRUST PA KUTZTOWN UNIVERSITY FOUNDATION T 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC D 887088 FMV KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC O 142491 FMV KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC E 469738 FMV