2019-02-12T11:32:40-06:00 2018-06-30 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE STE 400 PHOENIX AZ 850044624 990 2017-07-01 860193726 NORTHERN ARIZONA UNIVERSITY FOUNDATION NORT 9285233711 620 S KNOLES PO BOX 4094 FLAGSTAFF AZ 86011 CHERYL HEITZ CFO 9285233711 2019-01-16 1 BRENDA BLUNT P00075126 6022645844 2019-01-16 8.39.233.109 2019-01-16 14:20:42 US P B5506E221EF095F46A6030B7A8891777D35BAFE2 D4504F3418A69B1F64DD2B85EBC785D26ACEAFAF 2017 2019-02-21 02:37:17Z BETSY MENNELL 620 S KNOLES PO BOX 4094 FLAGSTAFF AZ 86011 21467138 0 X WWW.ADVANCEMENT.NAU.EDU/FOUNDATION.SHTML X 1959 AZ OUR MISSION IS TO PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION,(CONT'D ON SCHED O) AND FOSTER PRIVATE INVESTMENT IN IT BY CREATING AND NURTURING MEANINGFUL RELATIONSHIPS. 34 34 0 550 0 0 13382254 12904369 1209528 671696 3453412 2980444 2329923 2543523 20375117 19100032 7983276 8482535 0 0 398826 398332 0 0 4941801 4654870 5337647 13036972 14218514 7338145 4881518 199527295 216346205 42019563 42939278 157507732 173406927 OUR MISSION IS TO PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION, AND FOSTER PRIVATE INVESTMENT IN IT BY CREATING AND NURTURING MEANINGFUL RELATIONSHIPS. 0 0 8482535 8482535 671696 THE FOUNDATION RECEIVES GIFTS AND BEQUESTS, ADMINISTERS AND INVESTS SECURITIES AND PROPERTY, AND DISBURSES PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY FOR THE ADVANCEMENT OF ITS MISSION. 8482535 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 26 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 34 34 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ CO IL MD ME MI MN NJ NY OR OH UT CA HI WI X X CHERYL HEITZ 9285233711 PO BOX 4094 FLAGSTAFF AZ 86011 X MS LISA BACUS DIRECTOR 1.00 X 0 0 0 MR CHRISTOPHER BAVASI DIRECTOR 1.00 X 0 0 0 MR MIKE BEATTY DIRECTOR 1.00 X 0 0 0 MR BOB BEMENT DIRECTOR 1.00 X 0 0 0 MS ROBIN BRAUN DIRECTOR 1.00 X 0 0 0 MR ERNEST CALDERON DIRECTOR 1.00 X 0 0 0 MR ROBERT CASSELMAN DIRECTOR 1.00 X 0 0 0 MR SCOTT COOR DIRECTOR 1.00 X 0 0 0 MR DAVID FRANKE DIRECTOR 1.00 X 0 0 0 MR SCOTT FREE DIRECTOR 1.00 X 0 0 0 MS JEANETTE GARRETTY DIRECTOR 1.00 X 0 0 0 MR BILL HEIBEL DIRECTOR 1.00 X 0 0 0 MR HARRY HENGL DIRECTOR 1.00 X 0 0 0 MR STEVE M JACKSON DIRECTOR 1.00 X 0 0 0 MR TIM KINNEY DIRECTOR 1.00 X 0 0 0 MR JOHN LUCKING DIRECTOR 1.00 X 0 0 0 MR MARC C MILLER DIRECTOR 1.00 X 0 0 0 MR ROY D MOREY DIRECTOR 1.00 X 0 0 0 MR DAVID MOSOW DIRECTOR 1.00 X 0 0 0 MS JULIE NACKARD DIRECTOR 1.00 X 0 0 0 MS PEGGY NELSON DIRECTOR 1.00 X 0 0 0 MR KEITH NEWLON DIRECTOR 1.00 X 0 0 0 MR HANK PECK DIRECTOR 1.00 X 0 0 0 MR ANTHONY J PLESE DIRECTOR 1.00 X 0 0 0 MR RICK RODRIQUEZ DIRECTOR 1.00 X 0 0 0 MR JAMES C SHERMAN DIRECTOR 1.00 X 0 0 0 MS SHERRI D SLAYTON DIRECTOR 1.00 X 0 0 0 MS KAREN STEINBRONN DIRECTOR 1.00 X 0 0 0 MS LYNN VALBUENA DIRECTOR 1.00 X 0 0 0 MR JEFFREY L WILLIS CHAIR 2.00 X X 0 0 0 MS BARBARA MCCLOUD VICE CHAIR 2.00 X X 0 0 0 MRJEFFRE BEATTY TREASURER 2.00 X X 0 0 0 MS VICTORIA FIMEA SECRETARY 2.00 X X 0 0 0 MS DEE ANN PALIN PAST CHAIR 2.00 X X 0 0 0 MS BETSY MENNELL PRESIDENT 20.00 X 0 0 0 MS CHERYL HEITZ CFO 40.00 X 0 0 0 0 0 0 0 0 0 0 NORTHERN ARIZONA UNIVERSITY 642 S KNOLES FLAGSTAFF AZ 86011 MANAGEMENT SERVICES 294834 1 164326 12740043 734906 12904369 SEMINARS AND EVENTS 900099 671696 671696 671696 2674765 2674765 2382904 2382904 2576992 2271313 305679 305679 305679 238655 164326 95793 142862 142862 PREMIUMS 900099 11814 11814 GIFT CLUB 900099 5943 5943 17757 19100032 671696 0 5523967 4878827 4878827 3603708 3603708 137500 137500 157334 157334 103498 103498 19536 19536 45916 45916 94119 94119 17417 17417 26056 26056 7560 7560 47744 47744 111580 111580 7366 7366 PUBLIC RELATIONS 4941801 4941801 EBS EXPENSE 12926 12926 MISCELLANEOUS EXPENSES 3696 3696 BANK CHARGES 1930 1930 14218514 8482535 794178 4941801 2391087 2064188 8891019 11337089 101519 104667 401984 100292 41692 301692 169302667 183227568 18799311 19311001 199527295 216346205 186639 272614 5536513 5341005 31712183 34235324 4584228 3090335 42019563 42939278 X 10402986 8813902 69074114 81573399 78030632 83019626 157507732 173406927 199527295 216346205 X 4881518 10812961 204716 X 0 1 X 1 0 X 13280329 13108603 14591658 13382254 12904369 67267213 13280329 13108603 14591658 13382254 12904369 67267213 6543562 60723651 3904270 3882119 4255253 4707242 5057669 21806553 145801 100755 144684 155223 142862 689325 54073 16725 24914 23839 17757 137308 89900399 3703243 0.67550 0.67620 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PREMIUMS - 2013 AMOUNT: $ 41,196. 2014 AMOUNT: $ 2,200. 2015 AMOUNT: $ 8,820. 2016 AMOUNT: $ 10,109. 2017 AMOUNT: $ 11,814. GIFT CLUB - 2013 AMOUNT: $ 12,857. 2014 AMOUNT: $ 14,525. 2015 AMOUNT: $ 16,094. 2016 AMOUNT: $ 13,730. 2017 AMOUNT: $ 5,943. OTHER - 2013 AMOUNT: $ 20. 250 X 1 1 31713156 3380729 858561 34235324 1 X 113201123 4575954 8585843 3309466 123053454 101260853 4918903 9479038 2457671 113201123 98833866 5969702 -1080221 2462494 101260853 91222138 7581312 2171304 2140886 98833866 63521363 4703654 25017666 2020545 91222138 0.08770 0.62310 0.28920 0 0 301692 301692 100292 100292 0 301692 BENEFICIAL INTEREST IN TRUSTS 3388459 CSV OF LIFE INSURANCE 6624467 EBS LICENSES 233322 CAMPUS ART COLLECTION 250 FINANCING LEASE 4649181 GOLF MEMBERSHIP 45000 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENTS 4320322 PREPAIDS 50000 19311001 SPLIT INTEREST AGREEMENTS 2770980 DUE TO NAU 319355 3090335 X 30119383 10812961 300509 11113470 19005913 94119 94119 19100032 14220188 95793 95793 14124395 94119 94119 14218514 PART III, LINE 4: THE ART EXHIBIT IS TO FURTHER ENHANCE THE EDUCATIONAL VALUE OF THE STUDENTS OF NORTHERN ARIZONA UNIVERSITY. OUR PURPOSE IS TO SUPPORT NORTHERN ARIZONA UNIVERSITY IN THEIR MISSION TO PROVIDE SUPERIOR EDUCATION TO THEIR STUDENTS. PART IV, LINE 2B: NORTHERN ARIZONA UNIVERSITY FOUNDATION, INC. ADMINISTERS VARIOUS FUNDS FOR NORTHERN ARIZONA UNIVERSITY. THE UNIVERSITY MAINTAINS OWNERSHIP OF THE FUNDS. PART V, LINE 4: ENDOWMENTS FUNDS ARE INTENDED TO PROVIDE LONG-TERM SUPPORT FOR NORTHERN ARIZONA UNIVERSITY. PART X, LINE 2: NAU FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN BY THE COMBINED ENTITY, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE 660,694. CHANGE IN SPLIT INTEREST AGREEMENTS -513,004. CHANGE IN VALUE OF PERPETUAL TRUSTS 57,026. SPECIAL EVENT AND GAMING EXPENSES 95,793. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT AND GAMING EXPENSES 95,793. WINE AND DINE 77760 3250 74510 3261 250 7489 HRM CASINO 54490 16506 37984 100 2206 10 270731 144570 126161 393 33484 30000 150 18460 402981 164326 238655 393 36745 30000 500 28155 95793 142862 1 NORTHERN ARIZONA UNIVERSITY 600 S KNOLES DR FLAGSTAFF AZ 86011 742579628 NO. AZ UNIVERSITY 4878827 EDUCATION SUPPORT 1 0 SCHOLARSHIPS 1412 3603708 PART I, LINE 2: THE FOUNDATION AND THE UNIVERSITY HAVE WRITTEN POLICIES FOR THE DISTRIBUTION OF PROGRAM AND SCHOLARSHIP FUNDS. THE FOUNDATION EMPLOYS A PROFESSIONAL STAFF THAT REVIEWS AND APPROVES ALL EXPENDITURES. THE UNIVERSITY DEPARTMENTS RECEIVING GRANTS, INCLUDING THE FINANCIAL AID DEPARTMENT WHO RECEIVES THE SCHOLARSHIPS ON BEHALF OF THE STUDENTS, AND THE FOUNDATION HAVE JOINT RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS ONCE THE FUNDS HAVE BEEN TRANSFERRED TO THE DEPARTMENTS. X 2 340 DONOR STATED VALUE X 49 699372 STOCK QUOTE X OTHER 33 28204 DONOR STATED VALUE X GIFT CARDS 72 6990 FACE VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBERS IN COLUMN B ARE THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 JEFFRE BEATTY AND MIKE BEATTY HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH NORTHERN ARIZONA UNIVERSITY (NAU) FOR MANAGEMENT SERVICES PROVIDED BY ITS EMPLOYEES. THE FOUNDATION REIMBURSES NAU FOR THESE SALARIES AND BENEFITS WHICH ARE INCLUDED ON FORM 990 PART IX LINES 5 & 7. THE COMPENSATION OF BETSY MENNEL, THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2017 WAS $87,008. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $76,530, DEFERRED COMPENSATION OF $7,006 AND NONTAXABLE BENEFITS OF $3,723. THE COMPENSATION FOR CHERY HEITZ, THE TOP FINANCIAL OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2017 WAS $148,476. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $124,845, DEFERRED COMPENSATION OF $9,646 AND NONTAXABLE BENEFITS OF $14,374. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 WILL BE GIVEN TO THE AUDIT COMMITTEE FOR REVIEW. UPON APPROVAL FROM THE AUDIT COMMITTEE, THE DRAFT WILL BE GIVEN TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY GOVERNS CERTAIN CONFLICT OF INTEREST TRANSACTIONS BETWEEN THE CORPORATION AND DIRECTORS (AND THEIR RELATIVES), OFFICERS AND THEIR AFFILIATES. THE POLICY IS REDISTRIBUTED ANNUALLY, ALONG WITH A VENDOR LIST, FOR CONFIRMATION OF ANY POSSIBLE CONFLICTS OF INTEREST THAT MAY HAVE BECOME A RISK. IF THERE IS ANY RISK, IT IS ADDRESSED AT THAT TIME. ON AN ONGOING BASIS, IF ANY CONFLICT OF INTEREST IS RECOGNIZED, IT IS INVESTIGATED AND DEALT WITH ACCORDINGLY THROUGH ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 ALL BUT ONE OF THE FOUNDATION'S EMPLOYEES ARE COMPENSATED BY NORTHERN ARIZONA UNIVERSITY, AN UNRELATED ORGANIZATION, FOR MANAGEMENT SERVICES PROVIDED TO THE FOUNDATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE SERVICES. THESE SALARIES AND BENEFITS ARE INCLUDED ON FORM 990, PART IX, LINES 5 AND 7. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS -513,004. CHANGE IN VALUE OF PERPETUAL TRUSTS 57,026. CHANGE IN VALUE OF LIFE INSURANCE 660,694. NORTHERN AZ REAL ESTATE HOLDINGS LLC PO BOX 4094 OLD MAIN BLDG 10 FLAGSTAFF AZ 86011 REAL ESTATE AZ 248737 6418552 NORTHERN ARIZONA UNIVESITY FOUNDATION NAU VENTURES LLC PO BOX 4094 OLD MAIN BLDG 10 FLAGSTAFF AZ 86011 INTELLECTUAL PROPERTY AZ -836458 338719 NORTHERN ARIZONA UNIVESITY FOUNDATION CHARITABLE REMAINDER TRUSTS (4) SEE PART VII FOR COL C DETAIL) INVESTMENTS AZ NORTHERN ARIZONA UNIVERSITY FOUNDATION 0 FRIER TRUST PO BOX 4094 FLAGSTAFF AZ 86011 690860151 INVESTMENTS AZ NORTHERN ARIZONA UNIVERSITY FOUNDATION T 11085 675481 1.00000 0 ARMOND IRREVOCABLE TRUST PO BOX 4094 FLAGSTAFF AZ 86011 866289807 INVESTMENTS AZ NORTHERN ARIZONA UNIVERSITY FOUNDATION T 25000 602606 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 FRIER TRUST S 11085 COST ARMOND IRREVOCABLE TRUST S 25000 COST SCHEDULE R, PART IV, COLUMN (C) TWO OF THE FOUR CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN CA, ONE IN PA, AND ONE IN AZ.