2022-03-28T16:22:09-05:00 2021-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2020-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 JANE BARGHOTHI PRESIDENT 8282622341 2022-03-24 1 JANE BARGHOTHI 999009999 DENISE P HILL P00046615 8032560002 2022-03-24 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JANE BARGHOTHI ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 24403350 0 X HTTP://GIVE.APPSTATE.EDU/FOUNDATION/ X 1970 NC THROUGH IMPACTFUL AND ENGAGED STEWARDSHIP, FUNDRAISING, FINANCIAL MANAGEMENT, AND THOUGHTFUL BOARD LEADERSHIP, THE APPALACHIAN STATE UNIVERSITY FOUNDATION WILL PROVIDE SIGNIFICANT RESOURCES IN SUPPORT OF THE UNIVERSITY'S MISSION AND KEY PRIORITIES. 20 17 0 20 2144 0 19505040 22224402 613234 141130 -1820165 370631 105995 228816 18404104 22964979 14624147 21935940 0 0 0 0 0 0 1158273 2955284 2172344 17579431 24108284 824673 -1143305 159413962 199365776 10516985 9883224 148896977 189482552 X THE APPALACHIAN STATE UNIVERSITY FOUNDATION EXISTS TO SUPPORT APPALACHIAN STATE UNIVERSITY STUDENTS, FACULTY, STAFF AND COMMUNITY THROUGH THE ADVANCEMENT OF FINANCIAL SUPPORT, STEWARDSHIP, GROWTH OF RESOURCES, AND ADVOCACY FOR THE UNIVERSITY'S MISSION. 0 0 4402810 4402810 26840 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 4159371 4159371 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 13111259 13111259 110867 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 578327 262500 35378 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY 578327 262500 35378 22251767 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 26 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 17 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AK CO CA MA MD ME MI MN NH NJ NV NY OH OR SC UT WA X CLAYTON CHRISTIAN 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 28608 JANE BARGHOTHI PRESIDENT 20.00 20.00 X X 0 214627 7124 J CANTEY ALEXANDER BOARD MEMBER 1.00 X 0 0 0 JOHN BAILEY BOARD MEMBER 1.00 X 0 0 0 JOHN M BLACKBURN BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 JEFF CHESSON BOARD MEMBER 1.00 X 0 0 0 SHERI EVERTS BOARD MEMBER - EX OFFICIO 1.00 39.00 X 0 358861 8068 KYLER T FERGUSON BOARD MEMBER 1.00 X 0 0 0 PAUL D FORTE BOARD MEMBER - EX OFFICIO 1.00 39.00 X 0 200202 72289 SCOTT K LAMPE BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 SAM H POWERS BOARD MEMBER 1.00 X 0 0 0 MARK E RICKS BOARD MEMBER - EX OFFICIO 1.00 X 0 0 0 CHAD SEIGLER BOARD MEMBER 1.00 X 0 0 0 JAMES E TOLLIVER BOARD MEMBER 1.00 X 0 0 0 DAPHNE W URQUHART BOARD MEMBER 1.00 X 0 0 0 STACIE N WALKER BOARD MEMBER 1.00 X 0 0 0 DANNY WILCOX BOARD MEMBER 1.00 X 0 0 0 JEANNINE UNDERDOWN COLLINS SECRETARY 3.00 X 0 0 0 FAIRLEY B COOK CHAIR 3.00 X 0 0 0 PHIL D OSTWALT TREASURER 3.00 X 0 0 0 KIM M SHEPHERD VICE CHAIR - EX OFFICIO 3.00 X 0 0 0 CLAYTON CHRISTIAN ASSISTANT VICE CHANCELLOR, ASSISTANT TREASURER 30.00 10.00 X 0 98593 34241 HAROLD SWAIM EXECUTIVE DIRECTOR OF DONOR ENGAGEMENT 30.00 10.00 X 0 110280 8136 WILLIAM SEARS SENIOR ASSOCIATE VICE CHANCELLOR FOR DEVELOPMENT 30.00 10.00 X 0 100703 42005 STEPHANIE BILLINGS EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS 30.00 10.00 X 0 121664 39239 0 1204930 211102 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 418564 SWF ASU LLC PO BOX 812 WILKESBORO NC 28697 PROJECT MANAGEMENT FEES 200000 ONECBI LLC 4020 YANCEY ROAD CHARLOTTE NC 28217 WORKPLACE SERVICES 166497 COPPER REEF ENTERPRISES 6965 EL CAMINO REAL STE 105-488 CARLSBAD CA 92009 TRAINING SERVICES 135283 BLACKBAUD INCORPORATED 2000 DANIEL ISLAND DRIVE CHARLESTON SC 29492 SOFTWARE SERVICES 113688 7 310760 21913642 778298 22224402 OTHER PROGRAM REVENUE 900099 128672 128672 EVENT ADMISSIONS & MEALS 611710 8294 7608 686 FLEET VEHICLE REVENUE 480000 4164 4164 141130 217796 217796 116763 1700 115063 15000 0 15000 15000 15000 1428697 61023 1250785 86100 177912 -25077 152835 152835 136810 310760 95542 41268 41268 29300 5944 23356 23356 MISCELLANEOUS 900099 32671 32671 PASSTHROUGH FROM: THE BROYHILL AL 900099 -242 -242 32429 22964979 173115 2144 565318 21935940 21935940 418689 418689 574221 72309 69881 432031 131074 235 1069 129770 3968 1378 2130 460 49876 4520 300 45056 67407 7211 60196 142737 142737 53194 5762 45124 2308 SUPPLIES 320855 150710 1409 168736 SOFTWARE LICENSES AND S 208267 3791 570 203906 VEHICLE LEASES 74262 60235 10520 3507 EVENTS 50135 226 536 49373 77659 9450 5279 62930 24108284 22251767 698244 1158273 498 502 4154998 6207156 21482174 19985694 31943 105243 75849 11353 2009593 1806 1884000 2007787 131600275 170829420 184225 218621 159413962 199365776 114771 191391 3047702 4667225 4371103 3282125 2983409 1742483 10516985 9883224 X 7914895 9559863 140982082 179922689 148896977 189482552 159413962 199365776 X -1143305 41140894 587986 X X 0 1 X 1 0 X 12165271 28053886 18630299 19505040 22224402 100578898 12165271 28053886 18630299 19505040 22224402 100578898 4891124 95687774 432518 558522 709930 709867 332859 2743696 757 -2868 -155 2754 2144 2632 10822 9484 12784 32808 32429 98327 103423553 0.92520 0.91510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99046587 5069452 38731790 3077709 136839 139633281 98619882 4429580 -1023683 2321932 657260 99046587 89026986 7776974 4358203 1568401 973880 98619882 81713933 2451121 7606143 1512801 1231410 89026986 75714058 2573059 6854075 1503599 1923660 81713933 0.04911 0.93505 0.01583 0 0 1884000 1884000 125593 1806 123787 2007787 ALTERNATIVE INVESTMENTS 139042453 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS/OTHER 3843660 F SHORT TERM INVESTMENT FUND 26686919 F OTHER ALTERNATIVE INVESTMENTS 1256388 F 170829420 SPLIT INTEREST AGREEMENT 1742483 1742483 X 67650183 41140894 3924068 665337 45730299 21919884 418689 626406 1045095 22964979 27567411 3924068 96485 4020553 23546858 418689 142737 561426 24108284 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIP AWARDS AND SUPPORT OF UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORM 990-T ANNUALLY AND REPORTS UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 568,610. BROYHILL K-1 LOSS 242. FUNDRAISING EXPENSE NET WITH REVENUE 96,485. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE RECLASSIFIED AS EXPENSE VERSES NETTING WITH REVENUE 142,737. CHANGE IN UNCOLLECTIBLE PLEDGES RECEIVABLE 458,065. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 25,604. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NET WITH REVENUE 96,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE RECLASSIFIED AS EXPENSE VERSES NETTING WITH REVENUE 142,737. FOOTBALL FUND GOLF TOURNAMENT 216390 184805 31585 12000 11145 ATHLETICS LEGENDS GALA DINNER 77730 58989 18741 9861 33 34350 5 153450 66966 86484 16000 12153 447570 310760 136810 37861 33 57648 95542 41268 29300 5000 944 0 29300 5000 944 5944 23356 NC 0 NORTH CAROLINA GENERAL STATUTE SEC 14-309 15 PERMITS CERTAIN NONPROFIT ORGANIZATIONS TO CONDUCT FOUR RAFFLES PER YEAR. A RAFFLE CONDUCTED PURSUANT TO THIS SECTION IS NOT A VIOLATION OF STATE LAW. 0 0 0 1.00000 CLAYTON CHRISTIAN ASU BOX 32064 MCKINNEY ALUMNI CENTE BOONE NC 28608 0 DOUG BANKS DOUG BANKS, ASSOCIATE ATHLETICS DIRECTOR, DEVELOPMENT X 0 1 APPALACHIAN STATE UNIVERSITY OPERATIONS DEPARTMENT BOONE NC 28608 561176030 STATE GOV'T ENTITY 4300679 102131 FMV FMV OF SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY SCHOLARSHIP SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 4159371 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 12784132 327127 FMV FMV OF EQUIPMENT AND SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIPS AND PROGRAMS. APPALACHIAN STATE UNIVERSITY OTHER SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 262500 FMV GENERAL SUPPORT 1 0 PART I, LINE 2: APPALACHIAN STATE UNIVERSITY FOUNDATION WORKS WITH APPALACHIAN STATE UNIVERSITY TO ENSURE THAT THE GRANTS ARE BEING SPENT WITHIN THE CRITERIA OF THE GIFT OR ENDOWMENT AGREEMENTS. 0 0 0 0 0 0 0 0 0 SHERI EVERTS BOARD MEMBER - EX OFFICIO 0 358861 0 0 0 0 0 0 0 8068 0 366929 0 0 PAUL D FORTE BOARD MEMBER - EX OFFICIO 0 200202 0 0 0 0 0 52339 0 19950 0 272491 0 0 JANE BARGHOTHI PRESIDENT 0 214627 0 0 0 0 0 0 0 7124 0 221751 0 0 STEPHANIE BILLINGS EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS 0 121664 0 0 0 0 0 27733 0 11506 0 160903 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION OF THE PRESIDENT, CFO AND ANY OTHER EMPLOYEE OF APPALACHIAN STATE UNIVERSITY THAT PROVIDES SERVICES TO THE FOUNDATION IS ESTABLISHED THROUGH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY THE STATE OF NORTH CAROLINA. X 8 80880 APPRAISAL X 69 593867 MARKET QUOTE X SUPPLIES AND EQUIPMENT 38 103551 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATIONAL DOCUMENTS WERE AMENDED DURING THE FISCAL YEAR TO PROVIDE A PROCESS IN THE EVENT OF FEDERAL, STATE, OR LOCAL EMERGENCY. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 WITH THE PREPARER AND THEN THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW, WITH THE EXCEPTION OF SCHEDULE B WHICH THE BOARD MEMBERS WILL NOT BE ABLE TO REVIEW. THE RETURN IS FILED AFTER THE FORM 990 IS SENT TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ATTORNEY MEETS WITH THE BOARD OF DIRECTORS ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST ANNUAL REPORTING STATEMENT AT THE MEETING FOR COMPLETION AND RETURN IT TO THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY APPALACHIAN STATE UNIVERSITY, A GOVERNMENTAL INSTITUTION. EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY UNIVERSITY HUMAN RESOURCES. UNIVERSITY HUMAN RESOURCES RELY ON PERFORMANCE EVALUATIONS, PEER AND INDUSTRY COMPARISONS, AND ANY ADDITIONAL INDEPENDENT DATA RECEIVED TO SET THE EXECUTIVE COMPENSATION. THE DECISION IS DOCUMENTED IN THE UNIVERSITY'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE FOUNDATION ACCOUNTING OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 568,610. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -25,604. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -458,065. APP RE HOLDINGS MERGER 502,803. BROYHILL K-1 LOSS 242. FORM 990, PART XII, LINE 2C NO CHANGE IN SELECTION OR OVERSIGHT PROCESS APPALACHIAN STATE UNIVERSITY APPALACHIAN STATE UNIVERSITY BOONE NC 28608 561176030 PUBLIC UNIVERSITY NC STATE GOV'T ENTITY N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 APPALACHIAN STATE UNIVERSITY B 21506682 ACTUAL CASH TRANSFERRED APPALACHIAN STATE UNIVERSITY N 429258 FMV