2019-04-18T15:14:44-05:00 2018-06-30 Grant Thornton LLP 100 W Liberty St Suite 770 Reno NV 89501 990 2017-07-01 942790134 University of Nevada Las Vegas Foundation % TIFFANY L VICKERS UNIV 7028953641 4505 S MARYLAND PARKWAY BOX 451006 LAS VEGAS NV 891541006 TIFFANY VICKERS SAVP, FIN & ADM, CFO 7028953641 2019-04-17 true Daniel V Romano P00504182 7757861520 209.220.64.52 88245120191085000000 2019-04-18 P 8570B2D8046878F456576E706BB8FB99030C32C0 DB64C1701B389F151E46C096E2734789DEA2CBCD 2017 2019-02-21 02:37:17Z LEN JESSUP 4505 S MD PKWY BOX 451006 LAS VEGAS NV 891541006 300974517 false X WWW.UNLV.EDU/FOUNDATION X 1981 NV TO RAISE AND MANAGE PRIVATE FUNDS FOR THE BENEFIT OF UNLV. THESE FUNDS ENHANCE THE QUALITY OF UNLV & STRENGTHEN ITS MISSIONS OF TEACHING, RESEARCH, & PUBLIC SERVICE. 55 55 85 96 -1235 -3335 69796766 55896597 0 0 8922252 10834131 597507 512179 79316525 67242907 38027201 57528678 0 0 4698137 6344588 694494 589656 3098985 5362411 17146965 48782243 81609887 30534282 -14366980 374466755 366489735 7498501 5911041 366968254 360578694 X THE UNIVERSITY OF NEVADA, LAS VEGAS FOUNDATION IS A NONPROFIT ORGANIZATION THAT RAISES AND MANAGES PRIVATE FUNDS (MISSION CONTINUED IN SCHEDULE O). false false 50942311 50942311 THE UNLV FOUNDATION WAS ESTABLISHED IN 1981 TO RAISE AND MANAGE PRIVATE DONATIONS THAT BENEFIT UNLV AND ITS COLLEGES, SCHOOLS, PROGRAMS AND STUDENTS. IN FY18, DONORS GAVE A TOTAL OF $55.89 MILLION IN GIFTS AND PLEDGES. THESE FUNDS ENHANCE THE QUALITY OF THE UNIVERSITY AND ITS MISSION OF EDUCATING STUDENTS, DRIVING RESEARCH AND INNOVATION, AND STRENGTHENING COMMUNITY CONNECTIONS TO STIMULATE COMMUNITY WELL-BEING AND ECONOMIC DEVELOPMENT. DURING THE FISCAL YEAR ENDING JUNE 30, 2018, UNLV CELEBRATED THE OPENING OF THE WORLD-CLASS HOSPITALITY HALL, BROKE GROUND ON THE STATE-OF-THE-ART FERTITTA FOOTBALL COMPLEX, AND RAISED $8.9 MILLION IN TOTAL GIFTS AND PLEDGES FOR CAPITAL IMPROVEMENT PROJECTS. 6586367 6586367 PROVIDE FUNDING FOR VARIOUS SCHOLARSHIPS TO STUDENTS ATTENDING THE UNIVERSITY OF NEVADA, LAS VEGAS. UNLV SETS THE CRITERIA FOR SCHOLARSHIPS AND DISBURSES ALL AWARDS TO STUDENTS. 57528678 true true false false false false false true false true true true false false true true true true false false false false false true true false false true false true false false false false false false false false true true false false false true false false false true X 40 0 true 85 true false false false false false true true false false false false X 55 55 true false true false true true true true true false false false true true true true true true true false AK CA CO KY LA ME MD MA MI MN NV NH NJ NY NC OK OR PA SC UT WA X X TIFFANY L VICKERS 7028953641 4505 S MARYLAND PKWY BOX 451006 LAS VEGAS NV 89154 X Gary Ackerman Trustee 2.0 0.0 X 0 0 0 Barry W Becker Trustee 2.0 0.0 X 0 0 0 David Ray Belding Trustee 2.0 0.0 X 0 0 0 Diana L Bennett 2nd Vice Chair 4.0 0.0 X X 0 0 0 Michael J Bonner Trustee 2.0 0.0 X 0 0 0 Bill Boyd Trustee 2.0 0.0 X 0 0 0 Larry Canarelli Trustee 2.0 0.0 X 0 0 0 MaryKaye Cashman Trustee 2.0 0.0 X 0 0 0 Craig Cavileer Trustee 2.0 0.0 X 0 0 0 Kirk V Clausen Trustee 2.0 0.0 X 0 0 0 Jerald M Dick Trustee 2.0 0.0 X 0 0 0 James Duddlesten Trustee 2.0 0.0 X 0 0 0 Victoria Fertitta Trustee (Thru 05/2018) 2.0 0.0 X 0 0 0 Mark L Fine Trustee 2.0 0.0 X 0 0 0 Matthew Frazier Trustee 2.0 0.0 X 0 0 0 Tom Gallagher Trustee 2.0 0.0 X 0 0 0 Randy Garcia Trustee 2.0 0.0 X 0 0 0 Michael Gaughan Trustee 2.0 0.0 X 0 0 0 Brian Greenspun Trustee 2.0 0.0 X 0 0 0 John Guedry Trustee 2.0 0.0 X 0 0 0 Dallas E Haun Trustee 2.0 0.0 X 0 0 0 Christina M Hixson Trustee 2.0 0.0 X 0 0 0 Thomas A Jingoli Trustee 2.0 0.0 X 0 0 0 Chipper D Johnson Trustee 2.0 0.0 X 0 0 0 Gary Johnson Trustee 2.0 0.0 X 0 0 0 Jay Kornmayer Trustee 2.0 0.0 X 0 0 0 Gregory TH Lee Chair 4.0 0.0 X X 0 0 0 Robert E Lewis Trustee 2.0 0.0 X 0 0 0 Joyce Mack Trustee 2.0 0.0 X 0 0 0 Marilynn Mack Trustee 2.0 0.0 X 0 0 0 Scott Y MacTaggart Trustee 2.0 0.0 X 0 0 0 George J Maloof Jr Trustee 2.0 0.0 X 0 0 0 Gregory McKinley Vice Chair 4.0 0.0 X X 0 0 0 Lori Mendenhall Trustee 2.0 0.0 X 0 0 0 Scott Menke Trustee 2.0 0.0 X 0 0 0 Joe Murphy Trustee 2.0 0.0 X 0 0 0 John F O'Reilly Trustee 2.0 0.0 X 0 0 0 Ted Quirk Trustee 2.0 0.0 X 0 0 0 John A Ritter Trustee 2.0 0.0 X 0 0 0 Perry Rogers Trustee 2.0 0.0 X 0 0 0 David Ross Trustee 2.0 0.0 X 0 0 0 Rob Roy Trustee 2.0 0.0 X 0 0 0 Larry Ruvo Trustee 2.0 0.0 X 0 0 0 Michael A Saltman Trustee 2.0 0.0 X 0 0 0 Tony F Sanchez III Trustee 2.0 0.0 X 0 0 0 Corey Sanders Trustee (Thru 03/2018) 2.0 0.0 X 0 0 0 Blake L Sartini Trustee 2.0 0.0 X 0 0 0 Lindy Schumacher Trustee 2.0 0.0 X 0 0 0 Rajesh Shrotriya Trustee 2.0 0.0 X 0 0 0 George W Smith Treasurer 4.0 0.0 X X 0 0 0 Donald D Snyder Trustee 2.0 0.0 X 0 0 0 Carolyn M Sparks Trustee 2.0 0.0 X 0 0 0 Peter M Thomas Trustee 2.0 0.0 X 0 0 0 Tito Tiberti Trustee 2.0 0.0 X 0 0 0 Melvin B Wolzinger Trustee 2.0 0.0 X 0 0 0 Buck W Wong Trustee 2.0 0.0 X 0 0 0 Michael W Yackira Trustee 2.0 0.0 X 0 0 0 Len Jessup President, UNLV 5.0 45.0 X 58154 523390 48872 Susan McQuilkin Corporate Secretary 50.0 0.0 X 0 74481 19986 Tiffany Vickers SAVP, Finance & Admin & CFO 50.0 0.0 X 0 192691 40594 Scott Roberts President, UNLV Foundation 45.0 5.0 X 224015 24891 46868 Christina Kunzer-Murphy Special Assist to VP 50.0 0.0 X 0 219440 40831 Goce Musovski Chief Information Officer 50.0 0.0 X 0 145167 30973 Marguerite Wolanin SAVP Dev & Campaign Director 50.0 0.0 X 0 125601 22177 Harry Beekman Director of Gift Planning 50.0 0.0 X 0 117492 26329 Cindy Rivelli Associate VP for Development 50.0 0.0 X 0 115147 25882 282169 1538300 302512 12 false true false Ruffalo Noel Levitz PO Box 718 DES MOINES IA 503030718 Phone Solicitation 367096 Blackbaud PO Box 930256 ATLANTA GA 311930256 Database 306527 Bellagio PO Box 98810 LAS VEGAS NV 89195 Annual Dinner 220867 Marts Lundy Inc 1200 Wall Street W LYNDHURST NJ 07071 FUNDRAIS. CONSULTANT 197478 Callan ASSOCIATES INC 120 N LaSalle Street Suite 2400 CHICAGO IL 60602 Invest. 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THE WORKS ARE NOT USED TO GENERATE INCOME. THE UNIVERSITY'S ART COLLECTION HELPS TO SUPPORT ITS MISSIONS OF TEACHING, RESEARCH, AND PUBLIC SERVICE BY ALLOWING BOTH STUDENTS AND MEMBERS OF THE WIDER COMMUNITY TO EXPLORE AND SHARE IDEAS, AS WELL AS ENHANCE THEIR CREATIVE EXPRESSIONS. SCHEDULE D, PART V, LINE 4: INTENDED USES OF ENDOWMENT FUNDS THE UNLV FOUNDATION RECORDS THREE TYPES OF ENDOWMENTS. PERMANENT OR TRUE ENDOWMENTS ARE FUNDED BY GIFTS AND BEQUESTS. THE PRINCIPAL IS REPORTED IN RESTRICTED-NONEXPENDABLE AND ANY ACCUMULATED EARNINGS IS REPORTED IN RESTRICTED-EXPENDABLE ON THE STATEMENTS OF NET POSITION. RESTRICTED QUASI-ENDOWMENTS ARE FUNDS DESIGNATED AS ENDOWMENTS BY UNLV FOR A SPECIFIC USE OR PROGRAM, AND BOTH THE PRINCIPAL AND ACCUMULATED EARNINGS ARE INCLUDED IN RESTRICTED-EXPENDABLE NET POSITION ON THE STATEMENTS OF NET POSITION. UNRESTRICTED QUASI-ENDOWMENTS ARE FUNDS DESIGNATED AS ENDOWMENTS BY THE UNLV FOUNDATION BOARD OF TRUSTEES, AND BOTH THE PRINCIPAL AND ACCUMULATED EARNINGS ARE INCLUDED IN UNRESTRICTED NET POSITION ON THE STATEMENTS OF NET POSITION. ENDOWMENT INVESTMENTS ARE MANAGED IN A UNITIZED INVESTMENT POOL. MONTHLY TRANSACTIONS WITHIN EACH INDIVIDUAL ENDOWMENT IN THE POOL ARE BASED ON THE UNIT MARKET VALUE AT THE END OF THE MONTH. THE UNLV FOUNDATION ENDOWMENT FUNDS PRIMARY OBJECTIVE IS TO GENERATE A STREAM OF EARNINGS FOR FUNDING CURRENT PROGRAMS AND STUDENT SERVICES WITH THE STATED PAYOUT POLICY. A SECONDARY OBJECTIVE IS TO HAVE ITS ASSETS GROW IN VALUE TO PROVIDE FOR FUTURE NEEDS OF UNLV. THE UNLV FOUNDATION COMPLIES WITH THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) ADOPTED BY THE STATE OF NEVADA IN 2007. UPMIFA ABOLISHED THE HISTORIC DOLLAR VALUE LIMITATION ON ANNUAL SPENDING (PAYOUT), WHEREAS THE PRIOR ACT, THE UNIFORM MANAGEMENT OF INSTITUTIONAL FUNDS (UMIFA) DID NOT ALLOW SPENDING FROM A FUND THAT WAS BELOW HISTORIC DOLLAR VALUE. UPMIFA ENABLES TRUSTEES TO SPEND AS MUCH AS THEY DEEM PRUDENT, WHERE PRUDENCE IS PRESUMED TO NOT EXCEED 7 PERCENT OF THE FAIR MARKET VALUE, AS PERMITTED BY INDIVIDUAL DONOR AGREEMENTS. THE ANNUAL PAYOUT RATE IS DETERMINED BY THE UNLV FOUNDATION INVESTMENT COMMITTEE AND IS APPLIED TO THE AVERAGE FAIR MARKET VALUE OF THE ENDOWMENT INVESTMENT POOL ON A ROLLING TWELVE QUARTER BASIS. SCHEDULE D, PART X, LINE 2: FIN 48 FOOTNOTE THE UNLV FOUNDATION IS CLASSIFIED UNDER SECTION 501(C)(3) (NONPROFIT EDUCATIONAL ORGANIZATION) OF THE CODE. THE UNLV FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX, QUALIFIES FOR THE 50% CHARITABLE CONTRIBUTION DEDUCTION, AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. SCHEDULE D, PART XI, LINE 2D: CHANGE IN MARKET VALUE OF REAL ESTATE $1,400,000 SCHEDULE D, PART XI, LINE 4B: FUNDRAISING EXPENSES MOVED TO PART VIII, LINE 8B ($376,378) SCHEDULE D, PART XII, LINE 2D: FUNDRAISING EXPENSES MOVED TO PART VIII, LINE 8B $376,378 X X X X X X true Ruffalo Noel Levits PO Box 718 Des Moines IA 503030718 Phone Soli- citation false 157739 367096 157739 Marts Lundy Inc 1200 Wall St W Lyndhurst NJ 07071 Fundrais. Consultant false 0 197478 0 157739 564574 157739 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 511200 399600 111600 376378 0 511200 399600 111600 376378 376378 -264778 SCHEDULE G, PART II, LINE 11: THE UNLV FOUNDATION HOSTS AN ANNUAL DINNER TO SUPPORT THE FOUNDATION AND THE UNIVERSITY OF NEVADA LAS VEGAS. BECAUSE THE FORM 990 PRESENTATION OF THIS EVENT REQUIRES EXCLUSION OF CONTRIBUTIONS RECEIVED, THE NET INCOME SUMMARY REPORTS A LOSS FOR THE DINNER HELD IN FISCAL YEAR 2018, WHEN IT IN FACT DID NOT RESULT IN AN OVERALL LOSS. true University of Nevada Las Vegas 4505 S Maryland Pkwy Las Vegas NV 89154 942790134 501(c)(3) 51722573 5806105 FMV Gift In Kind Education Program Funding Scholarship 1 SCHEDULE I, PART I, LINE 2: THE OFFICE OF SPONSORED PROGRAMS (OSP) HOLDS INSTITUTIONAL AUTHORITY AND RESPONSIBILITY AT UNLV TO ACCEPT, MONITOR, AND COMPLY WITH ALL FEDERAL, STATE, AND UNIVERSITY REQUIREMENTS FOR ALL SPONSORED PROGRAM GRANTS AND CONTRACTS. IN ORDER TO FULFILL THIS RESPONSIBILITY, OSP ESTABLISHES SEPARATE AND UNIQUE ACCOUNTS FOR EACH PROJECT IN OUR FINANCIAL SYSTEM WITH A CORRESPONDING BUDGET. MAINTAINING SEPARATE ACCOUNTS ALLOWS US TO SEGREGATE GRANT AND CONTRACT FUNDS SO WE CAN TRACK COSTS FOR EACH AWARD SEPARATELY, ASSURE ALL COSTS ARE ALLOWABLE FOR EACH AWARD, AND THAT ALL EXPENSES FALL WITHIN THE APPROVED BUDGET PARAMETERS. THIS PRACTICE ENSURES INTERNAL CONTROL OVER BOTH THE SOURCE AND APPLICATION OF FUNDS AND IS IN LINE WITH FEDERAL REQUIREMENTS FOUND IN 2 CFR CHAPTER I, AND CHAPTER II, PART 200 UNIFORM ADMINISTRATIVE REQUIREMENTS, STATE REGULATIONS, AND UNIVERSITY POLICY. UNLV IS ALSO AUDITED ANNUALLY TO CONFIRM THAT WE CONTINUE TO MAINTAIN ADEQUATE FINANCIAL CONTROLS AND SURVEILLANCE PROCEDURES TO ASSURE ONGOING COMPLIANCE. A FEW OF THE TASKS UNLV PERFORMS TO ASSURE FINANCIAL COMPLIANCE INCLUDE: 1. REGULARLY MONITORING AWARD EXPENDITURES TO MAKE SURE COSTS ARE APPROPRIATELY PROCESSED AND CLASSIFIED WITHIN THE APPROVED OBJECT/SUB-OBJECT CATEGORIES. 2. MAINTAINING AN ENCUMBRANCE SYSTEM OF EXPECTED FUTURE EXPENDITURES THROUGH THE MUNIS PURCHASING SYSTEM. 3. RECONCILING AWARDS MONTHLY, AND PROCESSING ANY NECESSARY CORRECTIONS. 4. PROVIDE ASSISTANCE TO DEPARTMENTAL ADMINISTRATIONS, PRINCIPLE INVESTIGATORS, AND OTHER CAMPUS STAFF FOR THEIR SPONSORED PROGRAMS AND RELATED FINANCIAL TRANSACTIONS. 5. PROVIDE OVERSIGHT AND CORRECTIVE ACTION ON SPONSORED AWARD FINANCIAL ISSUES. 6. SUBMIT REGULAR INVOICES AND FINANCIAL REPORTS TO SPONSORS. 7. REVIEW ALL COSTS THAT POST TO A SPONSORED PROJECT WITHIN THE FINAL 90 DAYS OF THE AWARD TO DETERMINE IF, AND HOW, COSTS BENEFITED AN AWARD. 8. CONDUCT A FINAL REVIEW WHEN THE AWARD IS ENDING TO DETERMINE IF ALL COSTS WERE INCURRED WHILE THE AWARD WAS ACTIVE AND ALL COSTS WERE ALLOWABLE. false true false false false false false false false Len Jessup President, UNLV 58154 487610 0 0 0 35780 0 39150 0 10461 58154 573001 0 0 Tiffany Vickers SAVP, Finance & Admin & CFO 0 192691 0 0 0 0 0 28452 0 12142 0 233285 0 0 Scott Roberts President, UNLV Foundation 224015 9891 0 15000 0 0 0 34501 0 12641 224015 72033 0 0 Christina Kunzer-Murphy Special Assist to VP 0 217973 0 0 0 1467 0 31719 0 9387 0 260546 0 0 Goce Musovski Chief Information Officer 0 145167 0 0 0 0 0 21250 0 9996 0 176413 0 0 SCHEDULE J, PART I, LINE 3: ESTABLISH COMPENSATION THE UNLV FOUNDATION EMPLOYEES ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION (UNLV). THE UNLV FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. THE PARENT ORGANIZATION OF THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR THE UNLV FOUNDATION'S TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SCHEDULE J, PART I, LINE 4B: 415(M) DISCLOSURE UNLV, A RELATED ORGANIZATION, PROVIDES A 415(M) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUALS PARTICIPATE IN THE PLAN: -LEN JESSUP -TIFFANY VICKERS -SCOTT ROBERTS -CHRISTINA KUNZER-MURPHY NO AMOUNTS WERE VESTED OR PAID OUT DURING CALENDAR YEAR 2017. X 9 39201 FMV X 14114 FMV X 7354 Appraisal X 2 5200 FMV X 2368218 Public Stock Market X 1 4542600 Appraisal X 1 250 FMV X 3 4456 Appraisal X 12 338992 Appraisal X 39 186029 Appraisal X Miscellaneous other goods 66 672204 Appraisal 4 false true false SCHEDULE M, PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED THE UNLV FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION, CONTINUED FOR THE BENEFIT OF THE UNIVERSITY OF NEVADA, LAS VEGAS. THESE FUNDS ENHANCE THE QUALITY OF THE UNIVERSITY AND STRENGTHEN ITS MISSIONS OF TEACHING, RESEARCH, AND PUBLIC SERVICE. FORM 990, PART V, LINE 2: THE UNIVERSITY OF NEVADA, LAS VEGAS (UNLV) IS RESPONSIBLE FOR THE REPORTING FOR EMPLOYEES; HOWEVER, THE UNLV FOUNDATION IS RESPONSIBLE FOR THE COST. FORM 990, PART VI, LINE 1A: THE EXECUTIVE COMMITTEE IS ESTABLISHED TO SUPERVISE AND MANAGE THE OPERATIONS AND AFFAIRS OF THE CORPORATION. EXCEPT TO THE EXTENT LIMITED BY RESOLUTION OF THE BOARD OF TRUSTEES, THE BOARD OF TRUSTEES DELEGATES TO THE EXECUTIVE COMMITTEE ALL OF THE POWER OF THE BOARD OF TRUSTEES WHENEVER THE BOARD OF TRUSTEES IS NOT IN SESSION. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE WITHIN THE SCOPE OF ITS AUTHORITY SHALL BE VALID AND BINDING UPON THE CORPORATION FOR ALL PURPOSES. FORM 990, PART VI, LINE 2: DIANA L. BENNETT AND SCOTT MENKE -BUSINESS AND FAMILY RELATIONSHIP JOYCE MACK AND MARILYNN MACK -BUSINESS AND FAMILY RELATIONSHIP JOYCE MACK, MARILYNN MACK, AND PETER M. THOMAS -BUSINESS RELATIONSHIP BRIAN GREENSPUN AND MICHAEL A. SALTMAN -BUSINESS RELATIONSHIP MICHAEL J. BONNER AND TED QUIRK -BUSINESS RELATIONSHIP CHIPPER D. JOHNSON AND TED QUIRK -BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 4: During FY18, UNLV Foundation made revisions to its Bylaws. Below is a summary of those that constitute siginificant changes: -Article 1.3. Statement of Purpose. Previous versions of the bylaws did not include a Statement of Purpose. The Bylaw Revision Task Force thought it was important to include this information. The wording was taken from the Articles of Incorporation. -Article 2.1. Members. This section was added to clarify that members of the Board of Regents are "Members" of the UNLV Foundation only during their term of office on the Board of Regents. -Article 2.03. Annual Meeting. Added for clarification is a statement that reflects adherence to the Nevada Revised Statute (NRS) 82.316, as amended. -Article 2.04. Special Meetings. Clarification added with reference to NRS 82.336, as amended, as the controlling principle. -Article 2.7. Proxy Voting. Wording updated to reflect current requirements under NRS 82.321, as amended. -Article 3.01.d. and 3.01.e. References to "employees" were struck to reflect that employees are subject to oversight by the employer and not the Board. -Article 3.01.h. Reworded with reference to Article VIII of the Bylaws which specifically states the process and requirements for amending the Bylaws. -Article 3.02.d.2) Changed to reflect UNLVs change in title for the position of Vice President for Philanthropy and Alumni Engagement, and also the change from "Executive Director" to "President" of the Foundation. -Article 3.02.d.4) This is an addition to the Bylaws. Previously only the president of the Alumni Association was included as an Ex-Officio member of the Board. The Board decided to extend Ex-Officio status to the presidents (or chairmen) of all UNLV institutionally affiliated foundations. -Article 3.03. Annual Meeting. Addition of clarifying language to state that notice of meeting shall be given in writing. -Article 3.7. Telephonic or Other Means of Participating in a Meeting. This provision was added to reflect and specifically allow the use of electronic means by which Trustees may participate in Board or committee meetings. It confirms such permission as afforded by NRS 82.271, as amended. -Article 3.8. Committees. a. The Executive Committee Adds the role of Governance Committee to the scope of the Executive Committee responsibilities. c. The Committee on Trustees Added the responsibility of nominating new members for the Foundations Advisory Board to this Committee. f. The Audit Committee Paragraph 1) amended to better reflect the responsibilities of the Audit Committee in todays world. -Article 4.07. Duties of the Secretary. Struck language requiring the Board Secretary to keep minutes of the proceedings of the meetings of the "Members of the corporation." -Article 4.08. Duties of the Treasurer. Rewritten for clarity and to better state the role and responsibilities of the Treasurer by todays standards. -Article 4.09 Duties of the President of the Foundation. Updated reference to "President" of the Foundation rather than "Executive Director." Also adds clarifying language, "subject to the authority of the Board," that establishes the relationship with the Board. -Article VII Indemnification Language added reflecting the provisions of NRS 82.541 and NRS 78.752. FORM 990, PART VI, LINE 6: THE NEVADA SYSTEM OF HIGHER EDUCATION'S (NSHE) BOARD OF REGENTS: ARTICLE VII THE MEMBERS OF THE BOARD OF REGENTS OF THE UNIVERSITY OF NEVADA (SIC THE SYSTEM OF HIGHER EDUCATION) DURING THE TERM OF THEIR OFFICE AS MEMBERS OF THE BOARD OF REGENTS OF THAT INSTITUTION, SHALL CONSTITUTE THE MEMBERSHIP OF THE CORPORATION. THE CORPORATION SHALL HAVE NO CAPITAL STOCK. FORM 990, PART VI, LINE 7A: THERE IS A NOMINATING COMMITTEE OF THE UNLV FOUNDATION THAT MEETS AND RECOMMENDS NEW TRUSTEES. THE FULL UNLV FOUNDATION BOARD OF TRUSTEES MEET AND VOTE ON THE APPROVAL OF ADDING THOSE MEMBERS. IT IS THEN TAKEN TO THE BOARD OF REGENTS OF NSHE ANNUALLY FOR THEIR APPROVAL. FORM 990, PART VI, LINE 7B: THE NSHE BOARD OF REGENTS HAS THE AUTHORITY TO APPROVE OR RATIFY DECISIONS OF THE UNLV FOUNDATION BOARD OF TRUSTEES. FORM 990, PART VI, LINES 11A AND 11B: UNLV FOUNDATION HAS DETERMINED THAT SCHEDULE B, WHICH LISTS INFORMATION CONCERNING CERTAIN DONATIONS MADE TO THE FOUNDATION DURING THE YEAR, WOULD NOT BE MADE AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES. THIS DECISION WAS MADE PRIMARILY FOR CONFIDENTIALITY REASONS AND TO PROTECT LISTED DONOR'S PERSONAL INFORMATION (IN ACCORDANCE WITH NEVADA REVISED STATUTES). THEREFORE, BASED ON IRS INSTRUCTIONS, THE UNLV FOUNDATION ANSWERED "NO" TO THE QUESTION. IN ADDITION TO THE ABOVE REASON, IRS GUIDANCE ALSO INDICATES THAT POSTING A COPY OF THE FORM 990 ON A CENTRAL WEBSITE FOR MEMBERS OF ITS GOVERNING BODY, WHICH IS THE UNLV FOUNDATION'S PRACTICE, REQUIRES AN ANSWER OF "NO" TO THIS QUESTION. FORM 990, PART VI, LINE 12C: ANNUALLY, THE FULL BOARD OF TRUSTEES IS REQUIRED TO COMPLETE THE UNLV FOUNDATION CONFLICT OF INTEREST FORM. THE PRESIDENT, CORPORATE SECRETARY/DIRECTOR OF BOARD RELATIONS AND THE CFO REVIEW THE FORMS FOR ANY CONFLICTS. AS THEY PARTICIPATE IN EVERY BOARD AND/OR COMMITTEE MEETING, THOSE CONFLICTS ARE REPORTED TO THE BOARD AND/OR COMMITTEE IF THERE IS A CONFLICT RELATED TO THE VOTING MATTER ON THE TABLE. FORM 990, PART VI, LINES 15A AND 15B: THE NSHE BOARD OF REGENTS PERIODICALLY UPDATES SALARY RANGES FOR PROFESSIONAL EMPLOYEES. RANGES ARE ADJUSTED BASED ON A REVIEW OF SALARIES AT OTHER INSTITUTIONS OF HIGHER LEARNING. ADDITIONALLY, RANGES ALSO ARE UPDATED TO REFLECT COST-OF-LIVING INCREASES WHEN GIVEN BY THE NEVADA LEGISLATURE AND APPROVED BY THE NSHE BOARD OF REGENTS. NSHE THE PARENT ORGANIZATION OF UNLV, DEVELOPS THE EXECUTIVE SALARY SCHEDULE, WHICH IS BASED ON THE 75TH PERCENTILE OF SALARIES OF PRINCIPAL LAND GRANT INSTITUTIONS FOR EACH POSITION AS REPORTED IN THE CUPA-HR SURVEY. THE EXECUTIVE SALARY SCHEDULE IS APPROVED BY THE BOARD OF REGENTS. THE BOARD OF REGENTS HANDBOOK HAS SPECIFIC GUIDANCE REGARDING EXECUTIVE PAY. FORM 990, PART VI, LINE 19: THE UNLV FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST, AND FINANCIAL STATEMENTS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART VII, SECTION A: UNLV ACTS AS COMMON PAYMASTER FOR ITSELF AND THE UNLV FOUNDATION. SEE TREAS. REG. SECTION 31.3121(S)-1(B)(2). CONSISTENT WITH FORM 990 INSTRUCTIONS, COMPENSATION REPORTED ON SCHEDULE J FOR THE PRESIDENTS OF UNLV AND UNLV FOUNDATION REFLECT AMOUNTS ATTRIBUTABLE TO THE UNLV FOUNDATION UNDER THIS COMMON PAYMASTER ARRANGEMENT. EACH OF THESE OFFICERS IS A W-2 EMPLOYEE OF UNLV AND RECEIVES A SINGLE PAYCHECK FROM UNLV. HOWEVER, WAGES, BENEFITS, AND RELATED TAXES ARE ALLOCATED BETWEEN THE TWO ORGANIZATIONS BASED ON TIME DEDICATED TO EACH. NOTES TO THEIR COMPENSATION PACKAGES ARE AVAILABLE IN SCHEDULE J. COMPENSATION REPORTED ON SCHEDULE J AS WELL AS COMPENSATION FOR SHARED EMPLOYEES IS REPORTED SIMILARLY. FORM 990, PART X: DURING 2018, MANAGEMENT OF UNLV FOUNDATION DETERMINED THE NEED TO RECLASSIFY NET POSITION IN THE JUNE 30, 2017 FINANCIAL STATEMENT PRESENTATION. THE BEGINNING OF YEAR BALANCES ON THIS RETURN HAVE BEEN UPDATED TO REFLECT THIS RESTATEMENT. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS OR FUND BALANCES: CHANGE IN MARKET VALUE OF REAL ESTATE $1,400,000 NEVADA SYSTEM OF HIGHER EDUCATION 4300 S MARYLAND PKWY LAS VEGAS NV 89119 886000024 EDU SYSTEM NV 501(c)(3) 06 NA false Charitable Remainder Unitrusts (3) 000000000 N/A NV NA Trust false Charitable Remainder Annuity Trust 000000000 N/A NV NA Trust false false true true false false false false false false false false true false true true false false true true