2021-04-01T11:36:53-05:00 2020-06-30 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2019-07-01 480996330 MidAmerica Nazarene University Foundation MIDA 9139713600 2030 E College Way Olathe KS 66062 Jon D North Executive Director 9139713600 2021-04-01 Ted R Batson Jr P00721951 6306829797 2019 2022-09-23 18:48:47Z Jon D North 2030 E College Way Olathe KS 66062 14269071 0 X www.mnu.edu X 1984 KS Support for MidAmerica Nazarene University through scholarship funds and other assistance 13 9 0 12 0 0 8555658 8704608 0 0 509662 593211 -6492 -21688 9058828 9276131 2681879 2997371 0 0 0 0 0 0 226920 480531 295414 3162410 3292785 5896418 5983346 23143738 29396620 688568 843318 22455170 28553302 Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. 0 0 2997371 2997371 35134 Institutional support for 1,909 students at MidAmerica Nazarene University. 2997371 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 13 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 KS X Jon North 9139713600 2030 E College Way Olathe KS 66062 David J Spittal Director 1.00 40.00 X 0 198625 0 Darrel W Anderson Director 1.00 40.00 X 0 131156 18892 Jon North Executive Director 1.00 40.00 X X 0 131536 1308 Timothy R Keeton Director 1.00 40.00 X 0 73843 27087 Michael D Major Director and Chairman 1.00 0.00 X X 0 0 0 Brian G Diddle Director and Vice Chairman 1.00 0.00 X X 0 0 0 Kevin P Gilmore Director and Treasurer 1.00 0.00 X X 0 0 0 Keith B Cox Director and Secretary 1.00 1.00 X X 0 0 0 Charles J Nunamaker Director 1.00 0.00 X 0 0 0 Larry D McIntire Director 1.00 1.00 X 0 0 0 Douglas L Diehl Director 1.00 0.00 X 0 0 0 Jim C Bond Director 1.00 1.00 X 0 0 0 Darrel E Johnson Director 1.00 0.00 X 0 0 0 0 535160 47287 0 0 1 0 0 168399 8536209 2623422 8704608 505796 505796 43443 48813 -5370 -5370 -5370 4957839 4870424 87415 87415 87415 22251 168399 73703 -51452 -51452 35134 35134 35134 9276131 35134 0 536389 2997371 2997371 1500 1500 3275 3275 62740 62740 48657 48657 7571 385 7186 9002 9002 Bad Debt expense 157498 157498 5171 594 4577 3292785 2997371 68494 226920 63257 26902 3674391 8985436 3607033 4797134 20566 200 3406098 307944 542398 3098154 7222426 7620643 5013667 4868151 3000000 0 23143738 29396620 26948 11040 525924 723334 135696 108944 688568 843318 X 527258 665995 21927912 27887307 22455170 28553302 23143738 29396620 X 5983346 114335 451 X 0 1 X 1 0 X 2762758 5113700 4894298 8555658 8536787 29863201 2762758 5113700 4894298 8555658 8536787 29863201 6472626 23390575 280300 273493 427657 489307 549239 2019996 544818 406644 165769 111650 225206 1454087 33337284 0.70160 0.71200 X Schedule A, Part II, Line 10, Explanation of Other Income: Misc Income - 2015 Amount: $ 85,082. 2016 Amount: $ 120,419. 2017 Amount: $ 36,415. 2018 Amount: $ 35,501. 2019 Amount: $ 35,134. Fundraising Event Income - 2015 Amount: $ 459,736. 2016 Amount: $ 286,225. 2017 Amount: $ 129,354. 2018 Amount: $ 76,149. 2019 Amount: $ 190,072. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13612468 185417 488021 577509 4034 13704363 11783813 1552348 684483 402970 5206 13612468 10567807 975763 591968 346996 4729 11783813 9338653 768248 784125 317826 5393 10567807 9340540 306012 197784 502599 3084 9338653 0.09050 0.90950 0 0 2575000 140000 2715000 691098 307944 383154 3098154 Cash surrendur value of life insurance 194511 C Fixed income securities 4673640 C 4868151 Annuities Payable 108944 108944 Part V, Line 4: The intended use of the endowment funds are educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. Form 990, Schedule D, Part V, Lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 6/30/2020. To date, Schedule D and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions President's Honors 148600 142025 6575 780 369 47007 Pioneer Golf Classic 42050 26374 15676 570 14248 9385 1344 190650 168399 22251 570 15028 9385 369 48351 73703 -51452 1 MidAmerica Nazarene University 2030 E College Way Olathe KS 66062 480730814 501(c)(3) 2997371 Grants to MidAmerica Nazarene University are for scholarships and institutional support 1 0 Part I, Line 2: MidAmerica Nazarene University Foundation maintains endowments that support its related organization, MidAmerica Nazarene University. The organization only provides grants to MidAmerica Nazarene University and therefore is able to monitor all uses of the provided grants due to their relationship. 0 0 0 0 0 0 0 0 0 David J Spittal Director 0 198625 0 0 0 0 0 0 0 394 0 199019 0 0 Darrel W Anderson Director 0 131156 0 0 0 0 0 1407 0 17923 0 150486 0 0 X 7 48422 Average price X 1 2575000 Appraisal 1 0 1 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part V, Line 2a All Foundation employees are shared with MidAmerica Nazarene University, a related organization. MidAmerica Nazarene University compensates the employees and files all required payroll information returns as required by the IRS. Form 990, Part VI, Section A, line 1 The organization has an Executive Committee that is composed of all officers of the board. The Executive Committee has full authority of the governing body. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors for approval prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Conflict reporting occurs via the conflict of interest disclosure form which is completed annually by each officer and director. The contract accountant reviews the signed statements. If there are conflicts, they are made known to the board. Standard monitoring involves review of disclosures at the next annual reporting or update of an officer and director's disclosure form. Officers and directors determine if a conflict exists. A log is maintained to ensure that each officer and director returns his form. If a conflict arises, the director abstains from the vote of the conflicted position. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Change in value of split interest agreements 451. Murlen Office Quarters LLC c/o MNUF 2030 E College Way Olathe KS 66062 364652582 Real Estate KS 43443 526176 MidAmerica Nazarene University Foundation MNUF Topeka Airport Property LLC c/o MNUF 2030 E College Way Olathe KS 66062 843707029 Real Estate KS 2575000 2575000 MidAmerica Nazarene University Foundation MidAmerica Nazarene University 2030 East College Way Olathe KS 66062 480730814 Education KS 501(c)(3) 2 N/A 0 Annuity Trust (1) CLAT MO MidAmerica Nazarene Univer Fndn T 1 Irrevocable Trust (1) Irrevocable Trust KS MidAmerica Nazarene Univer Fndn T 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0