2021-05-13T17:05:38-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2019-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF PRESIDENT 3037409400 2021-05-12 1 RYAN C HARRIS P00614618 3037409400 2021-05-12 2019 2022-09-23 18:48:47Z CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 33762136 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 18 16 891 15 -11715 -12991 977107 5324048 26204629 24930533 612425 322921 104435 95724 27898596 30673226 7527762 6946068 0 0 14843473 15111391 0 0 431489 8297434 10554765 30668669 32612224 -2770073 -1938998 28822829 28388817 12500891 13961331 16321938 14427486 X SEE SCHEDULE O 0 0 23177548 6858673 23833160 THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS IN ARTS, SOCIAL SCIENCES AND THE HUMANITIES. IT IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. THERE ARE APPROXIMATELY 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. INSTRUCTION, STUDENT SERVICES, AND ACADEMIC SUPPORT PROGRAM SERVICES ALL SUPPORT THE UNIVERSITY'S PURPOSE AND MISSION TO EDUCATE THE WHOLE PERSON. 548867 42475 654406 ALAYA PRESCHOOL OPERATES AS A PRESCHOOL AND CHILD CARE FACILITY SERVING CHILDREN AND THEIR FAMILIES IN THE GREATER BOULDER AREA. AS PART OF NAROPA UNIVERSITY, ALAYA PRESCHOOL OPERATES AS A LAB SCHOOL SERVING STUDENTS IN NAROPA'S EARLY CHILDHOOD AND CONTEMPLATIVE EDUCATION PROGRAMS. ALAYA IS LICENSED BY THE COLORADO DEPARTMENT OF HUMAN SERVICES, DIVISION OF CHILD CARE AND SERVES APPROXIMATELY 60 FAMILIES. FINANCIAL SUPPORT IS PROVIDED FOR SOME FAMILIES THROUGH SCHOLARSHIPS FOR TUITION ASSISTANCE. 503254 44920 442967 STUDENT HOUSING FOR THOSE UNDERGRADUATES THAT ARE REQUIRED TO LIVE IN STUDENT HOUSING OR THOSE STUDENTS THAT ELECT TO LIVE IN STUDENT HOUSING. 289057 NAROPA COMMUNITY COUNSELING CENTER INTEGRATES CONTEMPLATIVE APPROACHES WITH MODERN CLINICAL PRACTICE TO ASSIST OUR CLIENTS IN REACHING THEIR HIGHEST LEVEL OF EMOTIONAL AND MENTAL WELL-BEING. WE PROVIDE CUTTING EDGE, TRANSFORMATIVE INTERVENTION ACROSS A BROAD RANGE OF THERAPEUTIC SERVICES. NAROPA COMMUNITY COUNSELING SERVES BOULDER AND FRONT RANGE RESIDENTS WITH LOW TO MODERATE INCOME, WITH SLIDING SCALE SERVICES FROM $30 - 90. WE ALSO ACCEPT MEDICAID. 289057 24518726 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 129 0 1 891 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TYLER KELSCH 3035463569 2130 ARAPAHOE AVE BOULDER CO 80302 JERRY COLONNA TRUSTEE 1.00 X 0 0 0 THOMAS HAST TRUSTEE 1.00 X 0 0 0 WILLIAM HULLEY TRUSTEE 1.00 X 0 0 0 DIANE ISRAEL TRUSTEE 1.00 X 0 0 0 CAROLYN JACOBS TRUSTEE 1.00 X 0 0 0 MARTIN JANOWITZ CHAIRMAN 1.00 X X 0 0 0 LYNN KATZMANN SECRETARY 1.00 X X 0 0 0 ROBIN BRUCE STUDENT TRUSTEE 1.00 X 0 0 0 TYLER NORRIS TRUSTEE 1.00 X 0 0 0 DAVID CHIVERS TRUSTEE 1.00 X 0 0 0 VIJAY SINGH TRUSTEE 1.00 X 0 0 0 MARK WILDING TRUSTEE 1.00 X 0 0 0 TRAVIS COX FACULTY TRUSTEE 40.00 X 49744 0 13398 SUZANNE BENALLY TRUSTEE 1.00 X 0 0 0 JUDITH DACK TRUSTEE 1.00 X 0 0 0 BART LEONARD TRUSTEE 1.00 X 0 0 0 SAMANTHA SANDERSON TRUSTEE 1.00 X 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 40.00 X X 257792 0 7020 TYLER A KELSCH VP OPERATIONS 40.00 X 167231 0 14563 CHERYL BARBOUR SPECIAL ADVISOR TO THE PRE 40.00 X 132104 0 14542 DAVE EDMINSTER DIRECTOR INFORMATION TECHN 40.00 X 106635 0 5477 REGINA KING EXECUTIVE DIRECTOR OF MISSION INTEGRATION 40.00 X 101742 0 8940 815248 0 63940 5 0 1 0 JEZABAR PO BOX 55018 BOSTON MA 022055018 SOFTWARE & ERP SUPPORT 592207 ELLUCIAN 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 SOFTWARE & ERP SUPPORT 585466 WHERE THERE BE DRAGONS 741 PEARL ST BOULDER CO 80302 STUDY ABROAD PROGRAM ADMINISTRATOR 253405 SHAMBHALA MOUNTAIN CENTER 151 SHAMBHALA WAY RED FEATHER LAKES CO 80545 STUDENT RETREAT SPACE/LODGING 225896 THE ROOT GROUP 1790 30TH ST STE 140 BOULDER CO 80301 NETWORK IT SERVICES 150000 7 3307785 2016263 5324048 TUITION & FEES 611710 23289551 23289551 AUXILIARY-HOUSING 611710 654406 654406 OTHER PROGRAM REVENUE 611710 543609 543609 AUXILIARY-PRESCHOOL 611710 442967 442967 24930533 174412 174412 3237419 3088910 148509 148509 148509 OTHER REVENUE 900099 107439 107439 UBI FROM K-1S 900099 -11715 -11715 95724 30673226 24930533 -11715 430360 6946068 6946068 609724 163118 446606 11899512 8669517 3047873 182122 1619839 1111455 475261 33123 982316 667975 294695 19646 32610 32610 70638 70638 36069 36069 1197019 813973 359106 23940 273362 185886 82009 5467 171759 116796 51528 3435 3002348 2041597 900704 60047 1677549 1026421 613420 37708 403080 274094 120924 8062 49666 33773 14900 993 923503 627982 277051 18470 610033 414822 183010 12201 EDUCATION MATERIAL 802031 791020 10839 172 REPAIRS & MAINTENANCE 666413 199924 453161 13328 DUES AND SUBSCRIPTIONS 204910 139339 61473 4098 MERCHANT AND BANK FEES 139150 94622 41745 2783 294625 200344 88387 5894 32612224 24518726 7662009 431489 390652 1440058 324689 1954883 288567 188634 436389 784594 214920 150499 183341 339646 31375257 12090142 19525653 19285115 7041033 4057809 372143 12143 45442 175436 28822829 28388817 1147104 1704630 175726 0 10121757 5531176 808474 2065436 247830 4660089 12500891 13961331 X 12281826 10271252 4040112 4156234 16321938 14427486 28822829 28388817 X -1938998 32831 11715 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92339 X X 0 8343504 16032 254195 3186945 5426786 7971345 32858 443785 104484 8343504 7637297 17151 550002 233105 7971345 7038183 41133 719225 161244 7637297 6999641 576705 -328607 209556 7038183 0.41810 0.44180 0.14010 0 0 6290241 6290241 20024342 7908538 12115804 59849 47109 12740 3108480 2569289 539191 1892345 1565206 327139 19285115 PERKINS FUND PAYABLE 78204 RESIDENCE HALL DEPOSITS 36900 TUITION/FEE DEPOSITS 44985 PARAMITA SALE HOLDING 4500000 4660089 X 23735635 32831 11715 44546 23691089 36069 6946068 6982137 30673226 25630087 0 25630087 36069 6946068 6982137 32612224 PART III, LINE 4: THE ARTWORK IS COMPOSED OF PAINTINGS, CALLIGRAPHIES, SLIDES, AND PHOTOS THAT PROVIDE HISTORICAL REFERENCES TO THE SCHOOL'S FOUNDER AND HERITAGE. PART V, LINE 4: EACH YEAR, THE UNIVERSITY CAN USE UP TO 5% OF THE FAIR MARKET VALUE FROM ENDOWMENT FUNDS FOR SCHOLARSHIPS AND OTHER PURPOSES AS SPECIFIED BY THE DONOR IN THE ENDOWMENT AGREEMENT. PART X, LINE 2: THE UNIVERSITY IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE UNIVERSITY AND RECOGNIZE A TAX LIABILITY IF THE UNIVERSITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE UNIVERSITY AND HAS CONCLUDED THAT, AS OF JUNE 30, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UBI FROM K-1S 11,715. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 6,858,673. ALAYA SCHOLARSHIPS 42,475. HOUSING GRANTS 44,920. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 6,858,673. ALAYA SCHOLARSHIPS 42,475. HOUSING GRANTS 44,920. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STATEMENT IS POSTED ON THE UNIVERSITY'S PUBLIC WEBSITE. SCHEDULE E, PART I, LINE 6 NAROPA OFFERS STUDENT LOANS THROUGH GOVERNMENT PROGRAMS SUCH AS PELL, STAFFORD, PERKINS, AND DIRECT LOANS. NAROPA ALSO HAS STUDENT WORKERS AND RECEIVES A SUBSIDY FROM THE GOVERNMENT TO OFFSET A PORTION OF THEIR COMPENSATION. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICE STUDY ABROAD 265292 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICE STUDY ABROAD 158885 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICE STUDY ABROAD 119382 0 0 0 0 0 0 543559 0 543559 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 639 6858673 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 22 44920 HOUSING DISCOUNT 7 42475 PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS STUDENTS ADHERENCE TO ACADEMIC SCHOLARSHIP REQUIREMENTS SUCH AS GPA AND SATISFACTORY ACADEMIC PROGRESS. SCHEDULE I, PART III ALAYA PRESCHOOL HAS CHILDREN WHO RECEIVE SOME SCHOLARSHIP SUPPORT IN THE FORM OF TUITION REDUCTION IN ADDITION TO OTHER CHILDREN THAT RECEIVE SUPPORT VIA CCCAP (COLORADO CHILD CARE ASSISTANCE PROGRAM). THIS IS A STATE FUNDED PROGRAM FOR LOW INCOME FAMILIES. THE ORGANIZATION DOES NOT GET FULLY REIMBURSED FOR THE REGULAR COST OF CARE SO SCHOLARSHIPS ARE USED TO FUND THE DIFFERENCE FOR THESE FAMILIES. X X 1 1 X X 0 0 0 0 0 0 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 257792 0 0 0 0 0 0 0 7020 0 264812 0 0 0 TYLER A KELSCH VP OPERATIONS 167231 0 0 0 0 0 0 0 14563 0 181794 0 0 0 PART I, LINE 1A PRESIDENT IS REIMBURSED FOR 50% OF THE COST FOR HAVING THE HOUSE CLEANED. THE HOME IS USED TO HOST MANY OF THE UNIVERSITY'S EVENTS. AS SUCH, THE PORTION OF THE CLEANING COSTS REIMBURSED BY THE UNIVERSITY IS CONSIDERED A BUSINESS EXPENSE TO THE UNIVERSITY AND IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. THE PRESIDENT RENTS A HOME FROM THE UNIVERSITY IN WHICH HE AND HIS FAMILY RESIDE. THE RENT PAID IS AT FAIR MARKET VALUE. THIS TRANSACTION IS DISCLOSED ON SCHEDULE L OF THE RETURN. A COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2020 840896727 NONEAVAIL 2020-06-18 5555968 REFUND OF THE SERIES 2013A AND 2013B BONDS 0 0 0 A 5555968 111119 5444850 2020 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 11 PROCEEDS FROM THE SERIES 2020 BOND ISSUANCE WERE USED TO REFUND THE SERIES 2013A AND 2013 B BONDS. CHARLES LIEF UNIVERSITY PRESIDENT 60000 RESIDENCE RENTAL 0 FORM 990, PART 3, LINE 1 NAROPA RECOGNIZES THE INHERENT GOODNESS AND WISDOM OF EACH HUMAN BEING. IT EDUCATES THE WHOLE PERSON, CULTIVATING ACADEMIC EXCELLENCE AND CONTEMPLATIVE INSIGHT IN ORDER TO INFUSE KNOWLEDGE WITH WISDOM. THE UNIVERSITY NURTURES IN ITS STUDENTS A LIFELONG JOY IN LEARNING, A CRITICAL INTELLECT, THE SENSE OF PURPOSE THAT ACCOMPANIES COMPASSIONATE SERVICE TO THE WORLD, AND THE OPENNESS AND EQUANIMITY THAT ARISE FROM AUTHENTIC INSIGHT AND SELF-UNDERSTANDING. ULTIMATELY, NAROPA STUDENTS EXPLORE THE INNER RESOURCES NEEDED TO ENGAGE COURAGEOUSLY WITH A COMPLEX AND CHALLENGING WORLD, TO HELP TRANSFORM THAT WORLD THROUGH SKILL AND COMPASSION, AND TO ATTAIN DEEPER LEVELS OF HAPPINESS AND MEANING IN THEIR LIVES. DRAWING ON THE VITAL INSIGHTS OF THE WORLD'S WISDOM TRADITIONS, THE UNIVERSITY IS SIMULTANEOUSLY BUDDHIST-INSPIRED, ECUMENICAL, AND NONSECTARIAN. NAROPA VALUES ETHNIC AND CULTURAL DIFFERENCES FOR THEIR ESSENTIAL ROLE IN EDUCATION. IT EMBRACES THE RICHNESS OF HUMAN DIVERSITY WITH THE AIM OF FOSTERING A MORE JUST AND EQUITABLE SOCIETY AND AN EXPANDED AWARENESS OF OUR COMMON HUMANITY. A NAROPA EDUCATION REFLECTING THE INTERPLAY OF DISCIPLINE AND DELIGHT PREPARES ITS GRADUATES BOTH TO MEET THE WORLD AS IT IS AND TO CHANGE IT FOR THE BETTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE FINANCE TEAM AND PRESIDENT BEFORE BEING FILED WITH THE IRS. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES FOR THE PRESIDENT, VICE PRESIDENTS AND OTHER HIGH RANKING EMPLOYEES ARE SET BY THE BOARD IN CONJUNCTION WITH THE HR DEPARTMENT AND PRESIDENT. BOARD MEMBERS INVOLVED WILL USUALLY INCLUDE THE CHAIRMAN OF THE BOARD, THE CHAIR OF THE BUDGET AND FINANCE COMMITTEE, AND MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD. HR USES CUPA (COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION) TO GET COMPARABLE SALARY INFORMATION FOR SIMILAR POSITIONS AT SCHOOLS WITH SIMILAR SIZE AND REVENUE. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UBI FROM K-1S 11,715.