2020-06-18T15:17:49-05:00 2019-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2018-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF PRESIDENT 3037409400 2020-05-14 1 DORI J EGGETT P00645252 3037409400 2020-05-14 67.176.73.14 2020-05-14 15:38:35 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18BF2FF916DA5FE8D4B0A520248250BD96D0300F 2018 2020-09-23 17:36:50Z CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 28852204 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 18 15 865 30 -954 -2418 939000 977107 27608212 26204629 1142548 612425 134807 104435 29824567 27898596 7028476 7527762 0 0 15110008 14843473 0 0 623117 8336200 8297434 30474684 30668669 -650117 -2770073 31187329 28822829 12324567 12500891 18862762 16321938 X SEE SCHEDULE O. NAROPA UNIVERSITY, AS THE LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION IN NORTH AMERICA, EDUCATES THE WHOLE PERSON, CULTIVATING ACADEMIC EXCELLENCE AND CONTEMPLATIVE INSIGHT IN ORDER TO INFUSE KNOWLEDGE WITH WISDOM. NAROPA IS ECUMENICAL AND NON-SECTARIAN, WHOSE STUDENTS ARE PREPARED TO ENGAGE COURAGEOUSLY WITH A COMPLEX AND CHALLENGING WORLD THROUGH SKILFUL AND COMPASSIONATE ACTIONS. 0 0 24035450 7408017 24791146 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. 608977 71582 657685 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. 547135 48163 755798 STUDENT HOUSING FOR THOSE UNDERGRADUATES THAT ARE REQUIRED TO LIVE IN STUDENT HOUSING OR THOSE STUDENTS THAT ELECT TO LIVE IN STUDENT HOUSING. 248142 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. 248142 25439704 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 1 0 0 0 0 0 0 0 0 1 132 0 1 865 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 15 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 19250 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 JIM ROSEN 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 45125 0 15094 SHERRY GOBALEZA 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 266999 0 14419 TYLER A KELSCH VP OPERATIONS 40.00 X 141269 0 16391 JANET CRAMER PROVOST AND VP FOR ACADEMI 40.00 X 167173 0 12251 CHERYL BARBOUR SPECIAL ADVISOR TO THE PRE 40.00 X 131837 0 16391 771653 0 74546 4 0 1 0 JEZABAR PO BOX 55018 BOSTON MA 022055018 SOFTWARE & ERP SUPPORT 871090 WHERE THERE BE DRAGONS 741 PEARL ST BOULDER CO 80302 STUDY ABROAD PROGRAM ADMINISTRATOR 300882 SHAMBHALA 151 SHAMBHALA WAY RED FEATHER LAKES CO 80545 STUDENT RETREAT SPACE/LODGING 299187 INTERPLICITY 2334 BANCROFT AVE LOS ANGLES CA 90039 DELOPMENT OF ONLINE DELIVERY OF PROGRAMI 190058 ELLUCIAN 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 SOFTWARE & ERP SUPPORT 183689 8 199685 777422 54200 977107 TUITION & FEES 611710 24219168 24219168 AUXILIARY-HOUSING 611710 755798 755798 AUXILIARY-PRESCHOOL 611710 657685 657685 OTHER PROGRAM REVENUE 611710 571978 571978 26204629 249933 249933 1316100 953608 362492 362492 362492 OTHER REVENUE 900099 105389 105389 UBI FROM K-1S 900099 -954 -954 104435 27898596 26204629 -954 717814 7527762 7527762 697970 258893 439077 11600256 9254508 2015266 330482 1543775 1173329 322389 48057 1001472 801178 170250 30044 73557 73557 80943 80943 866438 791227 47646 27565 461720 461720 296422 237137 50392 8893 1269643 1015715 215839 38089 1379640 1103712 234539 41389 803323 642658 136565 24100 87884 70307 14940 2637 350911 350911 963893 771114 170811 21968 EDUCATION MATERIAL 623098 498478 105927 18693 REPAIRS & MAINTENANCE 218025 174420 37064 6541 DUES AND SUBSCRIPTIONS 172563 138050 29336 5177 MERCHANT AND BANK FEES 162125 129700 27561 4864 487249 389796 82835 14618 30668669 25439704 4605848 623117 1533969 390652 255181 324689 269570 288567 476263 436389 266572 214920 167214 183341 30912826 11387173 20230786 19525653 7971345 7041033 16429 372143 0 45442 31187329 28822829 975182 1147104 196440 175726 10071855 10121757 834210 808474 246880 247830 12324567 12500891 X 15099780 12281826 1414192 1658513 2348790 2381599 18862762 16321938 31187329 28822829 X -2770073 228295 954 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92339 X X 0 7971345 32858 443785 104484 8343504 7637297 17151 550002 233105 7971345 7038183 41133 719225 161244 7637297 6999641 576705 -328607 209556 7038183 6792014 280147 87905 160425 6999641 0.63210 0.28540 0.08240 0 0 6290241 6290241 19705240 7102838 12602402 378951 358109 20842 2675226 1721614 953612 1863168 2204612 -341444 19525653 PERKINS FUND PAYABLE 197230 RESIDENCE HALL DEPOSITS 50600 247830 X 20600083 228295 954 229249 20370834 7527762 7527762 27898596 23140907 0 23140907 7527762 7527762 30668669 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, 2019 AND 2018, 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 954. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 7,408,017. ALAYA SCHOLARSHIPS 71,582. HOUSING GRANTS 48,163. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 7,408,017. ALAYA SCHOLARSHIPS 71,582. HOUSING GRANTS 48,163. 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, PROGRAM SERVICE STUDY ABROAD 396031 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, PROGRAM SERVICE STUDY ABROAD 61140 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, PROGRAM SERVICE STUDY ABROAD 90708 0 0 0 0 0 0 547879 0 547879 0 0 0 0 0 0 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 725 7408017 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 27 71582 HOUSING DISCOUNT 12 48163 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 266999 0 0 0 0 0 0 0 14419 0 281418 0 0 0 TYLER A KELSCH VP OPERATIONS 141269 0 0 0 0 0 0 0 16391 0 157660 0 0 0 JANET CRAMER PROVOST AND VP FOR ACADEMI 167173 0 0 0 0 0 0 0 12251 0 179424 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 2013B 840896727 NONEAVAIL 2013-11-01 7454082 REFUND OF 2005 BOND ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 B COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2013A 840896727 NONEAVAIL 2015-05-01 4452435 REFUND OF 1999 BOND ISSUE 0 0 0 A 7454082 149082 2210000 5095000 2014 1 0 1 1 B 4452435 4452435 2014 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2013 DATE THE REBATE COMPUTATION WAS PERFORMED: 04/29/2020 ISSUER NAME: COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2013 DATE THE REBATE COMPUTATION WAS PERFORMED: 04/29/2020 PART II, LINE 11 $5,095,000 OF THE PROCEEDS FROM THE SERIES 2013B BOND ISSUANCE WERE USED TO REFUND THE SERIES 2005 BONDS. $4,452,435 OF THE PROCEEDS FROM THE SERIES 2013A BOND ISSUANCE WERE USED TO REFUND THE SERIES 1999 BONDS. CHARLES LIEF UNIVERSITY PRESIDENT 60000 RESIDENCE RENTAL 0 X 3 22790 FAIR MARKET VALUE X 2200 FAIR MARKET VALUE X 2 29210 FAIR MARKET VALUE 0 1 0 FORM 990, PART 1, 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 954.