2019-04-22T12:40:33-05:00 2018-06-30 480958002 MILLER HAVILAND KETTER PC PA 1901 W 47TH PLACE SUITE 204 WESTWOOD KS 66205 990 2017-07-01 260840496 UMKC FOUNDATION UMKC 8162352672 202 ADMIN CENTER 5100 ROCKHILL RD KANSAS CITY MO 641102499 JAY WILSON INTERIM PRESIDENT 8162352672 2019-04-04 1 CHARLES S HAVILAND P00009757 9134322727 24.123.111.204 2019-04-04 19:24:53 CD P 78AD1FF191E54A920F0811BD52007395A8E2CFD1 7AAF5A77BBE19BFE9B3558C01A32A55FAE1B4786 2017 2019-02-21 02:37:17Z JAY WILSON 202 ADMIN CENTER 5100 ROCKHILL RD KANSAS CITY MO 641102499 12840092 0 X WWW.UMKCFOUNDATION.ORG X 2007 MO UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY ("UMKC") BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. 15 15 20 15 0 0 1256264 1700546 2901580 3393871 3536614 2035232 0 0 7694458 7129649 4592130 1748100 0 0 2634314 2637290 289713 385438 1031535 702167 712148 8218324 5482976 -523866 1646673 42165792 44523439 390680 775069 41775112 43748370 X UMKC FOUNDATION'S SOLE PURPOSE IS TO BENEFIT THE UNIVERSITY OF MISSOURI - KANSAS CITY ("UMKC") BY SUPPORTING (THROUGH FUNDS RAISED, HELD AND ADMINISTERED BY THE FOUNDATION) ACADEMIC PROGRAMS AND EDUCATIONAL OPPORTUNITIES THAT WILL - "CONTINUED ON SCHEDULE O" ENHANCE UMKC OVER AND ABOVE THOSE WHICH ARE FUNDED WITH STATE SUPPORT, STUDENT FEES AND TUITION. 0 0 2596189 3393871 THE UMKC FOUNDATION ("FOUNDATION") AND ITS EMPLOYEES HAVE THE PRIMARY RESPONSIBILITY FOR THE SOLICITATION OF CONTRIBUTIONS FROM PRIVATE SOURCES FOR THE SUPPORT OF UMKC. THE FOUNDATION SOLICITS CONTRIBUTIONS WHICH ARE MADE TO THE FOUNDATION AND HELD AND ADMINISTERED BY THE FOUNDATION FOR THE BENEFIT OF UMKC. THE FOUNDATION ALSO SOLICITS CONTRIBUTIONS WHICH ARE MADE DIRECTLY TO UMKC OR TO ONE OF ITS SCHOOLS OR OTHER SUPPORTING ORGANIZATIONS. THE FUNDRAISING EFFORTS OF THE FOUNDATION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR ENDED JUNE 30, 2018: CONTRIBUTIONS AND COMMITMENTS FOR FUTURE CONTRIBUTIONS TO THE FOUNDATION OF $1,797,996, CONTRIBUTIONS AND COMMITMENTS FOR FUTURE CONTRIBUTIONS TO UMKC (INCLUDING ITS SEVERAL SCHOOLS AND OTHER SUPPORTING ORGANIZATIONS) OF $7,380,803, - "CONTINUED ON SCHEDULE O AND PLANNED GIFT COMMITMENTS OF $8,781,007. FOR THE FISCAL YEAR ENDED JUNE 30, 2018 THE EFFORTS OF THE FOUNDATION HAVE PRODUCED PLEDGES AND PLANNED GIVING COMMITMENTS TOTALING $17,959,806 PLUS OUTRIGHT GIFTS OF $19,964,589 RESULTING IN A NET PRODUCTION FUNDRAISING TOTAL OF $37,924,395. 1748100 FOR THE YEARS ENDED JUNE 30, 2018 AND 2017, THE FOUNDATION MADE GRANTS FROM EARNINGS OF ITS ENDOWMENT FUNDS HELD BY THE FOUNDATION TO SUPPORT VARIOUS UMKC PROGRAMS IN THE AMOUNTS OF $1,748,100 AND $4,592,130, RESPECTIVELY. 2596189 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 9 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X JAY WILSON 8162352672 202 ADMINISTRATIVE CENTER 5100 KANSAS CITY MO 641102499 STEVEN P NORRIS PRESIDENT THRU 3/30/18 40.00 X 287612 0 62177 JAY WILSON INTERIM/ASST. VICE PRESIDENT 40.00 X 145999 0 19655 THOMAS M BLOCH CHAIR 3.00 X X 0 0 0 KENT SUNDERLAND VICE CHAIR 2.00 X X 0 0 0 ROBERT D REGNIER SECRETARY 2.00 X X 0 0 0 JOHN J SHERMAN TREASURER / EMERITUS DIRECTOR 2.00 X X 0 0 0 KEVIN E BRYANT TREASURER 2.00 X X 0 0 0 TERRENCE P DUNN PAST CHAIR 2.00 X X 0 0 0 WARREN K ERDMAN DIRECTOR 1.00 X 0 0 0 GARY D FORSEE DIRECTOR 1.00 X 0 0 0 THOMAS D HYDE DIRECTOR / EMERITUS DIRECTOR 1.00 X 0 0 0 NATALIE NIKKI KRAWITZ DIRECTOR / EMERITUS DIRECTOR 1.00 X 0 0 0 RYAN D RAPP DIRECTOR 1.00 X 0 0 0 JERRY D REECE DIRECTOR 1.00 X 0 0 0 NELSON R SABATES MD DIRECTOR 1.00 X 0 0 0 ELIZABETH T SOLBERG DIRECTOR / EMERITUS DIRECTOR 1.00 X 0 0 0 MARNY SHERMAN DIRECTOR 1.00 X 0 0 0 L JOSH SOSLAND DIRECTOR 1.00 X 0 0 0 FRANK J WEWERS DIRECTOR 1.00 X 0 0 0 JOEL B VORAN DIRECTOR 1.00 X 0 0 0 JAMES A POLSINELLI DIRECTOR 1.00 X 0 0 0 LEO E MORTON DIRECTOR / EMERITUS DIRECTOR 2.00 X 0 0 0 BARBARA A BICHELMEYER PHD DIRECTOR 2.00 X 0 0 0 ALAN L ATTERBURY EMERITUS DIRECTOR 1.00 X 0 0 0 G KENNETH BAUM EMERITUS DIRECTOR 1.00 X 0 0 0 CHARLES S SOSLAND EMERITUS DIRECTOR 1.00 X 0 0 0 HUGH J ZIMMER EMERITUS DIRECTOR 1.00 X 0 0 0 JEFF CHAPMAN ASSISTANT VICE PRESIDENT 40.00 X 150576 0 16826 JENNIFER INGRAHAM ASSISTANT VICE PRESIDENT 40.00 X 147500 0 16763 C MAULI AGRAWAL PHD DIRECTOR 2.00 X 0 0 0 731687 0 115421 4 0 1 0 RUFFALO NOEL LEVITZ LLC PO BOX 718 DES MOINES IA 50303 SOFTWARE AS A SERVICE, CONSULTATION SERV 245727 1 1700546 130935 1700546 UMKC SUPPORT 561499 2000000 2000000 UMKC CONTRACT REVENUE 561499 1121870 1121870 MANAGEMENT FEE ON NON-ENDOWED GIF 561499 197633 197633 74368 74368 3393871 833734 833734 6911941 5710443 1201498 1201498 1201498 7129649 3393871 0 2035232 1748100 1748100 680900 224697 224697 231506 1504120 263351 969438 271331 47761 15761 15761 16239 310061 23677 261989 24395 94448 31168 31168 32112 22158 22158 21207 21207 385438 385438 178853 159732 19121 134059 111082 8432 14545 12100 3993 3993 4114 147476 5226 137024 5226 58854 5665 26519 26670 29390 29390 7236 7236 5420 2710 2710 ADMINISTRATIVE EXPENSES 72000 72000 MISCELLANEOUS 11324 3737 3737 3850 PUBLICATIONS 6163 6163 BAD DEBT EXPENSE 5908 5908 5482976 2596189 1855252 1031535 291168 816716 367065 173122 311556 1107002 10779 11889 41174624 42404110 10600 10600 42165792 44523439 308642 775069 82038 0 390680 775069 X 71099 310162 8484236 7637811 33219777 35800397 41775112 43748370 42165792 44523439 X 1646673 1301545 -974960 X X 0 1 X 1 0 X 5279697 3641224 3696071 1256264 1700546 15573802 5279697 3641224 3696071 1256264 1700546 15573802 6524497 9049305 822291 1329499 805914 167518 833734 3958956 19532758 13137413 0.46330 0.44870 X X 0 0 41704013 1658253 3111331 1748100 -876543 2163832 43438208 42412600 892476 3642232 4592130 253364 397801 41704013 40649424 3667384 -422395 1494212 -251424 239025 42412600 39572654 3636971 42927 1307107 1111288 184733 40649424 32166828 5274412 3579834 1188472 111821 148127 39572654 0.82420 0.17580 0 0 0 X 8349823 1301545 98649 1400194 6949629 180020 180020 7129649 5414563 111607 111607 5302956 180020 180020 5482976 PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS EVIDENCED BY THE FOUNDATION'S DETERMINATION LETTER DATED JUNE 2007 AND JANUARY 1987. INCOME TAX RETURNS FILED BY THE FOUNDATION ON FORM 990 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) FOR THREE YEARS AFTER THE DATE FILED, WITH THE RESULT THAT THE JUNE 30 FISCAL YEARS 2018, 2017, 2016 AND 2015 REMAIN OPEN AS OF MARCH XX, 2019, ALTHOUGH NO RETURNS HAVE BEEN SELECTED FOR EXAMINATION BY THE IRS. MANAGEMENT HAS EVALUATED TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS WITH ASSISTANCE FROM THE FOUNDATION'S TAX PREPARER TO DETERMINE WHETHER ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED BY APPLICABLE TAXING AUTHORITIES; LIKELY TAX POSITIONS ARE REPORTED IN THESE FINANCIAL STATEMENTS, AND MANAGEMENT IS NOT AWARE OF ANY UNLIKELY TAX POSITIONS, WITH THE RESULT THAT NO UNLIKELY TAX POSITIONS ARE REPORTED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM UMKC RESEARCH FOUNDATION 98,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE RESULTING FROM PLEDGE WRITE-OFFS 1,200. EXPENSES FROM UMKC RESEARCH FOUNDATION 110,407. X X X X X X 1 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS IA 52404 CONSULTING & SOLICITATION FOR MAIL, PHONE, INTERNET & EMAIL 0 0 340057 -340057 340057 -340057 1 UNIVERSITY OF MISSOURI-KANSAS CITY 5100 ROCKHILL ROAD KANSAS CITY MO 64110 436003859 501(C)(3) 1748100 CASH N/A FUNDING FOR ENDOWED SCHOLARSHIPS/CHAIRS/PROGRAM/FACULTY FELLOWS AND SCHOLARS PROGRAM. PART I, LINE 2: GRANTS ARE PROVIDED TO THE UNIVERSITY OF MISSOURI-KANSAS CITY (UMKC) FOR USE IN ACCORDANCE WITH THE SELECTION CRITERIA AND PROCESS IDENTIFIED IN THE DONOR DOCUMENT BY WHICH FUNDS WERE RECEIVED. THE UMKC FOUNDATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS AND MONITORS THE USE OF FUNDS. NO GRANTS ARE MADE FOR USE OUTSIDE THE UNITED STATES. X X X 0 0 0 0 0 0 0 1 1 1 STEVEN P NORRIS PRESIDENT THRU 3/30/18 249612 0 38000 0 0 0 38250 0 23927 0 349789 0 0 0 JAY WILSON INTERIM/ASST. VICE PRESIDENT 124749 0 21250 0 0 0 9563 0 10092 0 165654 0 0 0 JEFF CHAPMAN ASSISTANT VICE PRESIDENT 125576 0 25000 0 0 0 9563 0 7263 0 167402 0 0 0 JENNIFER INGRAHAM ASSISTANT VICE PRESIDENT 127500 0 20000 0 0 0 16763 0 0 0 164263 0 0 0 PART I, LINE 7 DURING EACH YEAR OF EXECUTIVE'S EMPLOYMENT UNDER THIS AGREEMENT, EXECUTIVE WILL BE ELIGIBLE FOR A PERFORMANCE AWARD OF UP TO $50,000. THE FOUNDATION'S BOARD OF DIRECTORS AND EXECUTIVE SHALL DETERMINE AND MUTUALLY AGREE UPON, PRIOR TO SEPTEMBER 1ST OF THE RELEVANT YEAR, THE CRITERIA UPON WHICH SUCH PERFORMANCE AWARD WILL BE PAYABLE FOR SUCH PERIOD AND THE AMOUNT OR AMOUNTS, IF ANY, WHICH SHALL BE PAYABLE FOR PARTIAL ACHIEVEMENT OF ANY OR ALL APPLICABLE PERFORMANCE OBJECTIVES. SUCH PERFORMANCE AWARD WILL BE PAID TO EXECUTIVE IN A LUMP SUM, LESS LEGALLY REQUIRED DEDUCTIONS, ON OR ABOUT AUGUST 15 OF EACH YEAR. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE PERFORMANCE OBJECTIVES UPON WHICH THE PERFORMANCE AWARD SHALL BE PAYABLE MAY INCLUDE THE FOUNDATION'S FINANCIAL PERFORMANCE, BOARD SATISFACTION, AND STRATEGIC PLAN IMPLEMENTATION. PART I, LINE 8 FOR CALENDAR YEAR 2017, UMKC FOUNDATION PAID THE FOLLOWING ITEMS WITH RESPECT TO ITS PRIOR PRESIDENT, STEVEN NORRIS: $38,250 IN RETIREMENT PLAN CONTRIBUTIONS AND $38,000 IN A PERFORMANCE AWARD. THESE ITEMS WERE PAID PURSUANT TO HIS EMPLOYMENT AGREEMENT AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. FOR CALENDAR YEAR 2017, UMKC FOUNDATION PAID THE FOLLOWING ITEMS WITH RESPECT TO ITS INTERIM PRESIDENT, JAY WILSON: $9,563 IN RETIREMENT PLAN CONTRIBUTIONS AND $21,250 IN A PERFORMANCE AWARD. THESE ITEMS WERE PAID PURSUANT TO HIS EMPLOYMENT AGREEMENT AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. FOR CALENDAR YEAR 2017, UMKC FOUNDATION PAID THE FOLLOWING ITEMS WITH RESPECT TO ITS ASSISTANT VICE PRESIDENT, JEFF CHAPMAN: $9,563 IN RETIREMENT PLAN CONTRIBUTIONS AND $25,000 IN A PERFORMANCE AWARD. THESE ITEMS WERE PAID PURSUANT TO HIS EMPLOYMENT AGREEMENT AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. FOR CALENDAR YEAR 2017, UMKC FOUNDATION PAID THE FOLLOWING ITEMS WITH RESPECT TO ITS ASSISTANT VICE PRESIDENT, JENNIFER INGRAHAM: $16,763 IN RETIREMENT PLAN CONTRIBUTIONS AND $20,000 IN A PERFORMANCE AWARD. THESE ITEMS WERE PAID PURSUANT TO HER EMPLOYMENT AGREEMENT AS DETERMINED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD. X 2 130933 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE CURATORS OF THE UNIVERSITY OF MISSOURI SHALL BE ENTITLED TO APPOINT UP TO, BUT NOT MORE THAN, TWENTY PERCENT OF THE MEMBERS OF THE BOARD. THE PRESIDENT'S APPOINTMENTS WILL NOT INCLUDE MORE THAN TWO PERSONS WHO ARE EMPLOYEES OF THE UNIVERSITY. PRIOR TO MAKING SUCH APPOINTMENTS THE PRESIDENT SHALL CONSULT WITH THE NOMINATING COMMITTEE OF THE FOUNDATION REGARDING PERSONS BEING CONSIDERED BY THE PRESIDENT FOR APPOINTMENT TO THE BOARD. THE UMKC TRUSTEES HAVE THE ABILITY TO APPOINT A MEMBER TO THE BOARD OF THE FOUNDATION GIVEN THAT THEIR PRESIDENT SERVES AS A MEMBER OF THE UMKC FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM. IT IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND RECOMMENDED REVISIONS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES MEMBERS TO REPORT CIRCUMSTANCES WHERE THERE IS A CONFLICT OF INTEREST AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE PRESIDENT OF THE FOUNDATION WAS ESTABLISHED BY A WRITTEN EMPLOYMENT AGREEMENT WHICH WAS APPROVED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT PERSONS. THIS EMPLOYMENT AGREEMENT PROVIDES THAT THE PRESIDENT IS ELIGIBLE FOR A PERFORMANCE AWARD EACH YEAR, THE AMOUNT OF WHICH IS DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. INTERESTED PARTIES MAY REQUEST THESE DOCUMENTS FROM JAY WILSON AT 816-235-2672. FORM 990, PART XI, LINE 9: NET TRANSFER FROM (TO) UMKC ENTITIES 26,240. WRITE-OFF OF PLEDGES RECEIVABLE -1,200. OTHER EXPENSE - RETURN OF GIFT -1,000,000. FORM 990, PART XII, LINE 2C OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION FOR FINANCIAL STATEMENTS: THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF UMKC FOUNDATION'S FINANCIAL STATEMENTS IS THE RESPONSIBILITY OF THE AUDIT COMMITTEE AND THAT RESPONSIBILITY AND AUTHORITY HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990. FORM 990, PART IV, LINE 34 THE UMKC FOUNDATION ENGAGED IN THE FOLLOWING TRANSACTIONS WITH THE CURATORS OF THE UNIVERSITY OF MISSOURI AND THE UNIVERSITY OF MISSOURI-KANSAS CITY (HEREINAFTER COLLECTIVELY REFERRED TO AS "UMKC") DURING THE PERIOD REPORTED. THE TRANSACTIONS WERE: GRANTS TO UMKC $1,748,100; UMKC PAID TO THE FOUNDATION $2,000,000 FOR SERVICES RENDERED BY THE FOUNDATION, AND THE FOUNDATION REIMBURSED TO UMKC $2,628,475 FOR THE USE OF LEASED EMPLOYEES. FURTHERMORE, THE FOUNDATION ALSO RECEIVES A MANAGEMENT FEE ON NON-ENDOWED FUNDS RELATED TO SEVERAL CONSTITUENT ORGANIZATIONS. UMKC FOUNDATION HAD FOURTEEN EMPLOYEES OF ITS OWN AT THE END OF THE FISCAL YEAR THAT WERE NOT LEASED FROM UMKC. EMPLOYEES LEASED FROM UMKC ARE REPORTED AS EMPLOYEES OF THE FOUNDATION WITH RESPECT TO THEIR SALARY EXPENSE, ON FORM 990 PURSUANT TO FORM 990 INSTRUCTIONS. FORM 990 ELECTION SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UMKC FOUNDATION 202 ADMIN CENTER, 5100 ROCKHILL ROAD KANSAS CITY, MO 64110-2499 EMPLOYER IDENTIFICATION NUMBER: 26-0840496 FOR THE YEAR ENDING JUNE 30, 2018 UMKC FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990 PARTS VIII, IX, & X THE AUDITED FINANCIAL STATEMENTS OF UMKC FOUNDATION INCLUDE THE ACTIVITY OF UMKC RESEARCH FOUNDATION, A SEPARATE ORGANIZATION. ALL ACTIVITY FROM THE RESEARCH FOUNDATION HAS BEEN OMITTED FROM THE UMKC FOUNDATION FORM 990 (REFER TO PARTS VIII, IX, & X) SINCE THE RESEARCH FOUNDATION REPORTS ITS ACTIVITY ON THEIR SEPARATELY FILED FORM 990. PLEASE REFER TO THE AUDITED FINANCIAL STATEMENTS OF UMKC FOUNDATION FOR THE YEAR ENDED 6/30/2018 AS WELL AS FORM 990, SCHEDULE D, PARTS XI & XII FOR ADDITIONAL INFORMATION. UMKC RESEARCH FOUNDATION 202 ADMIN CENTER 5115 OAK ST KANSAS CITY MO 64112 431397294 RESEARCH & EDUCATION OF DISEASES OF THE EYE AND THE PREVENTION OF BLINDNESS MO 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 UMKC RESEARCH FOUNDATION L 0 FMV UMKC RESEARCH FOUNDATION O 0 FMV