2019-02-28T15:43:18-06:00 2018-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2017-07-01 846044833 UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC UNIV 9703512034 JUDY FARR CENTER 1620 RESERVOIR RD GREELEY CO 80631 ROD ESCH PRESIDENT 9703512034 2019-02-25 1 CRAIG R CHOUN P00173718 3037409400 208.42.238.142 2019-02-25 15:44:47 MS P 8121CA463AABFA4EFE5158FD2073B628CA1C8F6D 98F0443AB33D1E28F18E9C160D3887AD5153D212 2017 2019-02-21 02:37:17Z RODNEY ESCH 1620 RESERVOIR ROAD GREELEY CO 80631 37431993 0 X WWW.UNCFOUNDATION.ORG X 1966 CO TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO. 9 9 6 13 -35191 -115726 5811908 17966848 0 0 4610713 7585150 166221 232341 10588842 25784339 9664369 14463357 0 0 572449 562053 0 0 0 584748 581911 10821566 15607321 -232724 10177018 122183217 134621051 1517905 1626566 120665312 132994485 THE FOUNDATION IS ENTRUSTED TO PROVIDE SUPPORT AND STEWARD DONATIONS FOR THE UNIVERSITY OF NORTHERN COLORADO. 0 0 14463357 14463357 THE FOUNDATION TRANSFERRED APPROXIMATELY $14,400,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $5,800,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $8,600,000 WENT TO CAPITAL PROJECTS AND PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC. 14463357 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 14 0 1 6 1 1 1 0 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 SC X X RODNEY ESCH 9703512034 1620 RESERVOIR ROAD GREELEY CO 80631 CURT WYENO BOARD CHAIR 1.00 X X 0 0 0 BONNIE DEAN VICE CHAIR 1.00 X X 0 0 0 NED HUSMAN TREASURER 1.00 X X 0 0 0 MARY ANN LITTLER SECRETARY 1.00 X X 0 0 0 TIM BRADLEY BOARD DIRECTOR 1.00 X 0 0 0 CHERYL WENZINGER BOARD DIRECTOR 1.00 X 0 0 0 MARK O'CONNOR BOARD DIRECTOR 1.00 X 0 0 0 KAREN KORINS BOARD DIRECTOR 1.00 X 0 0 0 DEBBIE MISEGADIS BOARD DIRECTOR 1.00 X 0 0 0 RODNEY ESCH PRESIDENT 40.00 X 128279 0 32383 128279 0 32383 1 0 1 0 0 17966848 9541776 17966848 2030783 2030783 57094 57094 17202021 11647654 5554367 5554367 5554367 EVENT REGISTRATION FEE 611710 180245 180245 UBIT TAX REFUNDS 611710 24600 24600 MANAGEMENT FEES 611710 5593 5593 -35191 -35191 175247 25784339 185838 -35191 7666844 X 14463357 14463357 160662 160662 306125 306125 28839 28839 33044 33044 33383 33383 3372 3372 34138 34138 426725 426725 27543 27543 19497 19497 21497 21497 43759 43759 4824 4824 3405 3405 36206 36206 12429 12429 BANK & CREDIT CARD FEES 32787 32787 EQUIPMENT & FURNISHINGS 5920 5920 EMPLOYEE DEVELOPMENT 3919 3919 DUES AND MEMBERSHIPS 3865 3865 -97975 -97975 15607321 14463357 1143964 0 4107862 2083310 4974848 3619564 11562 4287 10733546 499597 901145 10233949 81662932 85283301 22849037 25070050 7675831 8326590 122183217 134621051 816363 915890 576377 549879 125165 160797 1517905 1626566 X 11275791 12060127 24711214 31669932 84678307 89264426 120665312 132994485 122183217 134621051 X 10177018 1524411 627744 X 0 1 X 1 0 X 6530131 11789915 7847332 5811908 17966848 49946134 6530131 11789915 7847332 5811908 17966848 49946134 19546654 30399480 1979064 1898854 2033798 1954570 2087877 9954163 478721 530337 436192 425851 210438 2081539 61981836 0.49050 0.49920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2013 AMOUNT: $ 478,721. 2014 AMOUNT: $ 530,337. 2015 AMOUNT: $ 436,192. 2016 AMOUNT: $ 425,851. 2017 AMOUNT: $ 210,438. 0 1 X 82781913 1982688 5282582 3024443 87022740 76854652 1600086 7389045 3061870 82781913 81491845 1608151 -3093424 3151920 76854652 82447588 2267735 1406235 4629713 81491845 73085633 3221388 9722340 3581773 82447588 0.01280 0.92530 0.06190 0 0 9360000 9360000 1288888 417828 871060 84658 81769 2889 10233949 ALTERNATIVE INVESTMENTS 16562826 F PRIVATE EQUITY 3477013 F REAL ESTATE 2031430 F LIMITED PARTNERSHIP 1000000 F ILLIQUID CREDIT 1998781 F 25070050 OTHER ASSETS 3135 ACCRUED INTEREST 95136 CSV - LIFE INSURANCE POLICIES 97539 BENEFICIAL INTEREST IN LONG-TERM TRUSTS HELD BY OTHERS 8130780 8326590 OBLIGATIONS UNDER GIFT ANNUITY 160797 160797 X 27642517 1524411 671452 2195863 25446654 337685 337685 25784339 15313344 43708 43708 15269636 337685 337685 15607321 PART IV, LINE 2B: THE FOUNDATION MANAGES FUNDS HELD ON BEHALF OF THE UNIVERSITY OF NORTHERN COLORADO. PART V, LINE 4: ENDOWMENTS ARE INTENDED TO PROVIDE FUNDING FOR SCHOLARSHIPS AND PROGRAM SUPPORT INCLUDING, BUT NOT LIMITED TO, SUPPLEMENTAL SALARY SUPPORT FOR FACULTY, RESEARCH, LIBRARIES, AND ACADEMIC AFFAIRS. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A PUBLIC CHARITY UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ENTITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. DURING FISCAL YEAR 2018, THE UNRELATED BUSINESS INCOME TAX LIABILITY WAS NOT MATERIAL. THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2018. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED IN EITHER MANAGEMENT AND GENERAL EXPENSES OR ALLOCATED TO ENDOWMENT INCOME, DEPENDING ON THE NATURE OF THE INTEREST AND PENALTIES. NO MATERIAL INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 636,261. UBI FROM PARTNERSHIPS 35,191. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 43,708. 1 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 846000546 STATE OF CO 14448422 14935 FMV SEE PART IV TO PROMOTE THE GENERAL WELFARE, DEVELOPMENT, GROWTH AND WELL-BEING OF UNC 1 0 PART I, LINE 2: SCHEDULE I, PART I, LINE 2: IN COLLABORATION AND COORDINATION WITH THE UNIVERSITY, THE ORGANIZATION UTILIZES TECHNOLOGY SYSTEMS, REVIEW PROCEDURES, AND APPROVAL PROCESSES, REVIEW PROCEDURES TO ADMINISTER UTILIZATION OF FUNDS RELATED TO PROGRAMS AND SCHOLARSHIPS THAT COMPRISE THIS SUPPORT TO THE UNIVERSITY. PART II, LINE 1(A), COLUMN (G) INCLUDES MUSICAL INSTRUMENTS, ART, AND EVENT/AUCTION ITEMS. X X X 0 0 0 0 0 0 0 0 0 RODNEY ESCH PRESIDENT 123279 0 5000 0 0 0 3817 0 28566 0 160662 0 0 0 X 2 12775 FMV X 10 166841 FMV X 1 9360000 FMV X MUSICAL INSTRUMENTS & SUPPLIES 1 1960 FMV X AUCTION ITEMS 2 200 FMV 2 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONSISTS OF THE ELECTED OFFICERS (CHAIR, VICE-CHAIR, SECRETARY, AND TREASURER) PLUS THE CHAIR OF THE INVESTMENT COMMITTEE AND THE CHAIR OF THE AUDIT-FINANCE COMMITTEE. THE BOARD CHAIR SERVES AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWER AND AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD EXCEPT AS PROHIBITED BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION UTILIZES THE EXPERTISE OF A CPA FIRM IN THE PREPARATION OF FORM 990 AND FORM 990-T. COMPLETED FORMS ARE REVIEWED BY MANAGEMENT AND THE AUDIT AND FINANCE COMMITTEE WITH THE CPA FIRM PRIOR TO FILING. THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES ALL INTERESTED PERSONS SUCH AS DIRECTORS, OFFICERS OR MEMBERS OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST TO SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ESTABLISHED A COMPENSATION DECISION GUIDE TO ANNUALLY REVIEW AND APPROVE THE COMPENSATION OF THE FOUNDATION'S OFFICERS AND KEY FOUNDATION STAFF. TO REVIEW, PROPOSE, AND APPROVE COMPENSATION, THE BOARD WILL UTILIZE INFORMATION INCLUDING OFFICER AND STAFF PERFORMANCE AGAINST GOALS, TOTAL COMPENSATION, PEER AND MARKET COMPENSATION SURVEYS, FOUNDATION FINANCIAL PERFORMANCE AND CAPACITY AND OTHER INFORMATION AS DEEMED NECESSARY. FOR THE PRESIDENT'S POSITION, THEY COMPARED TO OTHER LIKE-SIZED INSTITUTIONALLY RELATED FOUNDATIONS, THE COLORADO NON-PROFIT SALARY SURVEY AND MOUNTAIN STATES EMPLOYER'S COUNCIL SURVEY. DELIBERATION AND DECISION FOR DETERMINING COMPENSATION IS DOCUMENTED IN THE RECORDS OF THE EXECUTIVE SESSION OF THE FOUNDATION'S BOARD OF DIRECTORS. THE FOUNDATION DID NOT HAVE ANY OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH THEIR OWN WEBSITE AND UPON REQUEST. THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART IX THE UNIVERSITY OF NORTHERN COLORADO IS RESPONSIBLE FOR ALL FUNDRAISING AND SOLICITATION ACTIVITIES AND EXPENSES. FORM 990, PART XI, LINE 9: UBI FROM PARTNERSHIPS 35,191. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 636,261. UNCOLLECTIBLE PLEDGES -43,708.