2018-02-15T11:46:26-06:00 2017-06-30 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE STE 400 PHOENIX AZ 850044624 990 2016-07-01 860193726 NORTHERN ARIZONA UNIVERSITY FOUNDATION NORT 9285233711 620 S KNOLES PO BOX 4094 FLAGSTAFF AZ 86011 CHERYL HEITZ CFO 9285233711 2018-02-15 1 BRENDA BLUNT P00075126 6022645844 2018-02-15 8.39.233.77 2018-02-15 10:45:04 US P D2361AF224C0E34A1EE3531DAFF6B4BAB3260431 7C9951DA9E4C3FB44EC4DD64E65C3691A63F8C50 2016 2021-01-29 14:40:06Z BETSY MENNELL 620 S KNOLES PO BOX 4094 FLAGSTAFF AZ 86011 20509884 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. 36 36 0 590 0 0 14591658 13382254 601071 1209528 3445193 3453412 2228730 2329923 20866652 20375117 8319898 7983276 0 0 388658 398826 0 0 4206157 4443030 4654870 13151586 13036972 7715066 7338145 168700790 199527295 36843007 42019563 131857783 157507732 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 7983276 7983276 1209528 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. 7983276 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 21 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 36 36 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 WA CA HI 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 JEFFRE BEATTY DIRECTOR 1.00 X 0 0 0 MR MIKE BEATTY 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 MS VICTORIA FIMEA 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 HARRY HENGL DIRECTOR 1.00 X 0 0 0 MR STEVE M JACKSON DIRECTOR 1.00 X 0 0 0 MR BRIAN KOCH DIRECTOR 1.00 X 0 0 0 MR KENNETH LOREK DIRECTOR 1.00 X 0 0 0 MR JOHN LUCKING DIRECTOR 1.00 X 0 0 0 MS BARBARA MCCLOUD 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 MR CHRISTOPHER PETROFF DIRECTOR 1.00 X 0 0 0 MR ANTHONY J PLESE DIRECTOR 1.00 X 0 0 0 MS COLLEEN RAGLAND 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 MR TIM SNIDER DIRECTOR 1.00 X 0 0 0 MS KAREN STEINBRONN DIRECTOR 1.00 X 0 0 0 MR T PAUL THOMAS DIRECTOR 1.00 X 0 0 0 MS LYNN VALBUENA DIRECTOR 2.00 X X 0 0 0 MS DEE ANN PALIN CHAIR 2.00 X X 0 0 0 MR JEFFREY L WILLIS VICE CHAIR 2.00 X X 0 0 0 MR DAVID P FALCK TREASURER 2.00 X X 0 0 0 KEITH NEWLON SECRETARY 2.00 X X 0 0 0 MR HANK PECK 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 291058 1 142933 13239321 487404 13382254 SEMINARS AND EVENTS 900099 1209528 1209528 1209528 2556381 2556381 2150861 2150861 897031 0 897031 897031 897031 277541 142933 134485 143056 143056 12449 282 12167 12167 GIFT CLUB 900099 13730 13730 PREMIUMS 900099 10109 10109 23839 20375117 1209528 0 5783335 5107286 5107286 2875990 2875990 137500 137500 153558 153558 107768 107768 23246 23246 43209 43209 86887 86887 4625 4625 25746 25746 7560 7560 27507 27507 213178 213178 9828 9828 PUBLIC RELATIONS 4206157 4206157 EBS EXPENSE 5045 5045 BANK CHARGES 1882 1882 13036972 7983276 847539 4206157 1211026 2391087 8175909 8891019 104181 101519 141984 100292 41692 41692 140181206 169302667 18986776 18799311 168700790 199527295 108516 186639 5502970 5536513 28836527 31712183 2394994 4584228 36843007 42019563 X 10055421 10402986 49178493 69074114 72623869 78030632 131857783 157507732 168700790 199527295 X 7338145 17232977 1078827 X 0 1 X 1 0 X 9595774 13280329 13108603 14591658 13382254 63958618 9595774 13280329 13108603 14591658 13382254 63958618 6650420 57308198 3368139 3904270 3882119 4255253 4707242 20117023 219 145801 100755 144684 155223 546682 11024 54073 16725 24914 23839 130575 84752898 3861238 0.67620 0.68580 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. GIFT CLUB - 2012 AMOUNT: $ 10,970. 2013 AMOUNT: $ 12,857. 2014 AMOUNT: $ 14,525. 2015 AMOUNT: $ 16,094. 2016 AMOUNT: $ 13,730. OTHER - 2012 AMOUNT: $ 54. 2013 AMOUNT: $ 20. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250 X 1 1 28837501 3731810 856155 31713156 1 X 101260853 4918903 9479038 2457671 113201123 98833866 5969702 -1080221 2462494 101260853 91222138 7581312 2171304 2140886 98833866 63521363 4703654 25017666 2020545 91222138 51817313 4896740 9215960 2408650 63521363 0.09000 0.64000 0.27000 0 0 41692 41692 100292 100292 0 41692 BENEFICIAL INTEREST IN TRUSTS 3327839 CSV OF LIFE INSURANCE 5963774 EBS LICENSES 94903 CAMPUS ART COLLECTION 250 FINANCING LEASE 4888669 GOLF MEMBERSHIP 45000 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENTS 4478876 18799311 SPLIT INTEREST AGREEMENTS 2370729 DUE TO NAU 2213499 4584228 X 38734801 17232977 1213594 18446571 20288230 86887 86887 20375117 13084852 134767 134767 12950085 86887 86887 13036972 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 796,887. CHANGE IN SPLIT INTEREST AGREEMENTS 109,178. CHANGE IN VALUE OF PERPETUAL TRUSTS 172,762. SPECIAL EVENT AND GAMING EXPENSES 134,767. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT AND GAMING EXPENSES 134,767. WINE AND DINE 139876 42681 97195 11262 13136 26236 1000 325 HRM CASINO 59044 5108 53936 506 350 1840 10 221554 95144 126410 776 33152 29452 16450 420474 142933 277541 12038 46794 56038 1000 18615 134485 143056 1 NORTHERN ARIZONA UNIVERSITY 600 S KNOLES DR FLAGSTAFF AZ 86011 742579628 NO. AZ UNIVERSITY 5107286 EDUCATION SUPPORT 1 SCHOLARSHIPS 1408 2875990 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 6 1289 DONOR STATED VALUE X 5983 DONOR STATED VALUE X 27 384046 STOCK QUOTE X GIFT CARDS 212 88470 FACE VALUE X OTHER 26 7616 DONOR STATED 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 2016 WAS $103,898. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $93,912, DEFERRED COMPENSATION OF $6,683 AND NONTAXABLE BENEFITS OF $3,302. THE COMPENSATION FOR CHERY HEITZ, THE TOP FINANCIAL OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2016 WAS $158,117. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $135,141, DEFERRED COMPENSATION OF $9,670 AND NONTAXABLE BENEFITS OF $13,306. 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 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 109,178. CHANGE IN VALUE OF PERPETUAL TRUSTS 172,762. CHANGE IN VALUE OF LIFE INSURANCE 796,887. NORTHERN AZ REAL ESTATE HOLDINGS LLC PO BOX 4094 OLD MAIN BLDG 10 FLAGSTAFF AZ 86011 REAL ESTATE AZ -338264 6858381 NORTHERN ARIZONA UNIVESITY FOUNDATION NAU VENTURES LLC PO BOX 4094 OLD MAIN BLDG 10 FLAGSTAFF AZ 86011 INTELLECTUAL PROPERTY AZ 13639 2331120 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 10886 671886 1.00000 0 ARMOND IRREVOCABLE TRUST PO BOX 4094 FLAGSTAFF AZ 86011 866289807 INVESTMENTS AZ NORTHERN ARIZONA UNIVERSITY FOUNDATION T 37330 604854 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 10886 COST ARMOND IRREVOCABLE TRUST S 37330 COST SCHEDULE R, PART IV, COLUMN (C) TWO OF THE FOUR CHARITABLE REMAINDER TRUSTS ARE DOMICILED IN AZ, ONE IN PA, AND ONE IN CA.