2025-05-01T13:23:08-05:00 2024-06-30 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2023-07-01 201269904 NATIONAL UNIVERSITY FOUNDATION NATI 8586428100 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 KAREN WHITNEY CFO 8586428100 2025-05-01 1 1 PATRICIA J MAYER P00188643 8586271400 2023 2025-03-06 01:10:19Z MARK MILLIRON 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 112680 0 X WWW.NUSYSTEM.ORG X 2005 CA CREATING AND NURTURING A CULTURE OF GIVING AND PHILANTHROPY THAT EXTENDS TO OUR STAFF, FACULTY, STUDENTS, GRADUATES, AND COMMUNITY PARTNERS. A CULTURE OF SHARED VALUES AND COLLECTIVE IMPACT, WHERE EVERY COMMUNITY MEMBER AND EVERY CONTRIBUTION STRENGTHENS OUR EDUCATIONAL MISSION AND BUILDS A LEGACY OF COMPASSION AND INNOVATION. IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH FUNDRAISING ACTIVITY COMMENCING IN 2024. 5 3 0 3 0 0 21012495 112680 81420051 0 1355177 0 0 0 103787723 112680 325000 0 0 0 69754744 0 0 0 0 45149388 0 115229132 0 -11441409 112680 0 112680 0 0 0 112680 X CREATING AND NURTURING A CULTURE OF GIVING AND PHILANTHROPY THAT EXTENDS TO OUR STAFF, FACULTY, STUDENTS, GRADUATES, AND COMMUNITY PARTNERS. A CULTURE OF SHARED VALUES AND COLLECTIVE IMPACT, WHERE EVERY COMMUNITY MEMBER AND EVERY CONTRIBUTION STRENGTHENS OUR EDUCATIONAL MISSION AND BUILDS A LEGACY OF COMPASSION AND INNOVATION. 0 1 IN AUGUST 2023 SYSTEM MANAGEMENT GROUP CHANGED ITS NAME TO NATIONAL UNIVERSITY FOUNDATION (NUF) WITH ACTIVITY COMMENCING IN 2024 TO CONDUCT CHARITABLE FUNDRAISING OR OTHER ACTIVITIES ASSOCIATED FOR THE SUPPORT OF NATIONAL UNIVERSITY AND ITS AFFILIATES, AND TO MANAGE PHILANTHROPIC ASSETS. 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MICHELLE BELLO SVP ADMIN FINANCE 8586428100 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 DR MARK MILLIRON PRESIDENT AND CEO 3.00 45.50 X X 0 983556 38391 JEANNE CONNELLY CHAIR (AS OF 10/23) 1.00 3.50 X X 0 0 0 RICHARD CHISHOLM TREASURER (AS OF 10/23) 1.00 3.50 X X 0 0 0 THOMAS TOPUZES SECRETARY (AS OF 10/23) 1.00 3.50 X X 0 0 0 NANCY ROHLAND EXECUTIVE DIRECTOR 3.00 45.10 X X 0 310108 34937 DAVE C LAWRENCE CFO (THRU 4/24) 3.00 45.20 X 0 409308 43321 KAREN WHITNEY CFO (AS OF 5/24) 3.00 45.20 X 0 419956 53540 MICHELLE BELLO ASSISTANT SECRETARY 3.00 45.20 X 0 335396 37719 0 2458324 207908 0 0 1 0 0 112680 112680 112680 0 0 0 0 0 0 0 0 112680 0 112680 0 0 X 0 112680 0 112680 0 112680 112680 0 X 0 1 X 1 0 X X X 4 JOHN F KENNEDY UNIVERSITY 941610694 2 1 0 0 NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL 562438569 10 1 0 0 CITY UNIVERSITY OF SEATTLE 237421224 2 1 0 0 NATIONAL UNIVERSITY 237172306 2 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION B, LINE 1 THE ORGANIZATION WAS RECLASSIFIED FROM A PUBLIC CHARITY EXEMPT UNDER IRC SECTION 509(A)(3) TYPE II TO A 509(A)(3) TYPE I SUPPORTING ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: NU AND NUF ARE NON-PROFIT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELATED STATE PROVISIONS, AND AS SUCH ARE NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX BENEFITS AND/OR LIABILITIES ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. NU AND NUF HAVE ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE (IRS) AND THE CALIFORNIA FRANCHISE TAX BOARD. NU AND NUF BELIEVE INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DO NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON NU'S FINANCIAL CONDITION, CHANGES IN NET ASSETS, OR CASH FLOWS. ACCORDINGLY, NU HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024 AND 2023. 0 0 0 0 0 0 0 1 0 DR MARK MILLIRON PRESIDENT AND CEO 0 801806 0 80000 0 101750 0 9333 0 29058 0 1021947 0 0 KAREN WHITNEY CFO (AS OF 5/24) 0 382516 0 37440 0 0 0 22938 0 30602 0 473496 0 0 DAVE C LAWRENCE CFO (THRU 4/24) 0 373948 0 35360 0 0 0 22445 0 20876 0 452629 0 0 MICHELLE BELLO ASSISTANT SECRETARY 0 305070 0 30326 0 0 0 23100 0 14619 0 373115 0 0 NANCY ROHLAND EXECUTIVE DIRECTOR 0 282401 0 27707 0 0 0 14061 0 20876 0 345045 0 0 PART I, LINE 3 NATIONAL UNIVERSITY FOUNDATION (NUF) HAS NO PAID EMPLOYEES. THE COMPENSATION SHOWN IS PAID BY NATIONAL UNIVERSITY (NU) FOR EMPLOYEES OF NU, AN AFFILIATE OF NUF, WHO SHARES COMMON LEADERSHIP OR OFFICERS. PART I, LINE 7 OFFICERS AND KEY EMPLOYEES OF RELATED ORGANIZATION ARE ELIGIBLE FOR BONUSES. BONUSES ARE AWARDED WITHIN A SPECIFIED RANGE IN THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND ARE BASED ON ACHIEVING GOALS. FORM 990, PART III, LINE 3 NUF OBTAINED APPROVAL AS A 509(A)(3), TYPE I SUPPORTING ORGANIZATION ON SEPTEMBER 19, 2024, AND WILL PROVIDE FINANCIAL SUPPORT TO NATIONAL UNIVERSITY AND ITS AFFILIATES THROUGH OBTAINING GRANTS AND DONATIONS. NUF IS CURRENTLY LISTED ON THE TAX EXEMPT BUSINESS MASTER FILE AS A TYPE I SUPPORTING ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 WAS DISTRIBUTED TO SENIOR MANAGEMENT AND THE AUDIT COMMITTEE. THE FINAL VERSION OF FORM 990 WAS DISTRIBUTED TO THE TRUSTEES FOR REVIEW BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES HAS ANUALLY REVIEWED AND APPROVED (BY A MAJORITY OF DISINTERESTED TRUSTEES) THE BUSINESS TRANSACTIONS WITH TRUSTEES OR THEIR AFFILIATED PROFESSIONAL SERVICE FIRMS. SUCH REVIEWS INCLUDE CONSIDERATION OF DATA ON COMPARABLE SERVICE PROVIDERS COLLECTED BY UNIVERSITY COUNSEL. THE INTERESTED TRUSTEES WERE EXCUSED FROM BOARD SESSIONS DURING WHICH THOSE BUSINESS TRANSACTIONS WERE DISCUSSED AND DID NOT PARTICIPATE IN VOTING ON SUCH TRANSACTIONS. QUESTIONNAIRES ARE DISTRIBUTED EVERY JANUARY. COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED BY UNIVERSITY COUNSEL AND WAS REVIEWED BY THE BOARD DURING THE YEAR ENDED JUNE 30, 2024. FORM 990, PART VI, SECTION B, LINE 15 NATIONAL UNIVERSITY FOUNDATION (NUF) HAS NO PAID EMPLOYEES. THE COMPENSATION SHOWN IS PAID BY NATIONAL UNIVERSITY (NU) FOR EMPLOYEES OF NU, AN AFFILIATE OF NUF, WHO SHARES COMMON LEADERSHIP OR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. NATIONAL UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 237172306 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 N/A 0 NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 562438569 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 10 N/A 0 JOHN F KENNEDY UNIVERSITY 9388 LIGHTWAVE AVENUE SAN DIEGO CA 92123 941610694 EDUCATIONAL INSTITUTION CA 501(C)(3) LINE 2 N/A 0 CITY UNIVERSITY OF SEATTLE 521 WALL STREET SEATTLE WA 98121 237421224 EDUCATIONAL INSTITUTION WA 501(C)(3) LINE 2 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATIONAL UNIVERSITY C 112680 CASH SCHEDULE R, RELATED ORGANIZATIONS: NATIONAL UNIVERSITY SYSTEM (THROUGH 9/2023) NATIONAL UNIVERSITY SYSTEM (NUS) WAS AN ALLIANCE OF EDUCATIONAL INSTITUTIONS, SERVING DIVERSE LEARNERS FROM HIGH SCHOOL TO DOCTORAL PROGRAMS. THE NUS INCLUDES 5 INDEPENDENT NON-PROFIT ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3): NATIONAL UNIVERSITY, NORTHCENTRAL UNIVERSITY (THROUGH OCTOBER 2022), NATIONAL UNIVERSITY VIRTUAL HIGH SCHOOL (WHICH CEASED OPERATIONS IN JUNE 2022), JOHN F. KENNEDY UNIVERSITY (WHICH CEASED OPERATIONS IN DECEMBER 2020), SYSTEM MANAGEMENT GROUP (THROUGH FEBRUARY 2023) AND CITY UNIVERSITY OF SEATTLE. NUS EXISTED THROUGH FEBRUARY 2023 WHEN NU, SMG AND NCU BECAME A UNIFIED ENTITY. NUF IS A SUPPORTING ORGANIZATION EXEMPT UNDER IRC SECTION 509(A)(3). NUF PROVIDES FUNDRAISING ACTIVITIES TO NU AND ITS AFFILIATES.