2018-03-01T19:08:59-06:00 2017-06-30 461497033 EKS&H LLLP 8181 E TUFTS AVENUE SUITE 600 DENVER CO 802372579 990 2016-07-01 846044833 UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC UNIV 9703512034 JUDY FARR CENTER 1620 RESERVOIR RD GREELEY CO 80631 ROD ESCH PRESIDENT 9703512034 2018-03-01 1 DORI J EGGETT P00645252 3037409400 208.42.238.132 2018-03-01 19:05:49 MS P 3219C133BAC39E5E3E55A8AEB9925CDB4F54441C 7CA1C250D12464401059E17FC6EA51678A737460 2016 2021-01-29 14:40:06Z RODNEY ESCH 1620 RESERVOIR ROAD GREELEY CO 80631 23250241 0 X WWW.UNCFOUNDATION.ORG X 1966 CO TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO. 10 10 14 14 -325531 -430513 7847332 5811908 0 0 2678727 4610713 703234 166221 11229293 10588842 10631956 9664369 0 0 701181 572449 0 0 56134 668936 584748 12002073 10821566 -772780 -232724 114797082 122183217 1404195 1517905 113392887 120665312 THE FOUNDATION IS ENTRUSTED TO PROVIDE SUPPORT AND STEWARD DONATIONS FOR THE UNIVERSITY OF NORTHERN COLORADO. 0 0 9664369 9664369 THE FOUNDATION TRANSFERRED APPROXIMATELY $9,600,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $5,600,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $4,000,000 WENT TO CAPITAL PROJECTS AND PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC. 9664369 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 1 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 15 0 1 14 1 1 1 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CT FL IL KY MA MD MI MN NH NJ NY OH OK OR SC UT VA WI DC ND WA NV 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 SCOTT SCHEIRMAN TREASURER 1.00 X X 0 0 0 NED HUSMAN 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 MARY ANN LITTLER BOARD DIRECTOR 1.00 X 0 0 0 RODNEY ESCH PRESIDENT 40.00 X 127890 0 26008 KRISTEN SEIDEL VP OF OPERATIONS 40.00 X 91847 0 2755 219737 0 28763 1 0 1 0 0 5811908 1444432 5811908 1888669 1888669 65901 65901 15383443 12661399 2722044 2722044 2722044 EVENT REGISTRATION FEE 611710 397455 397455 UBIT TAX REFUNDS 611710 22555 22555 MANAGEMENT FEES 611710 5841 5841 -325531 -325531 100320 10588842 403296 -325531 4699169 X 9664369 9664369 264387 264387 204112 143794 60318 23299 21536 1763 47390 43095 4295 33261 28731 4530 5209 5209 32990 32990 406847 406847 27520 13220 14300 23617 10972 12645 71192 25207 45985 38674 11602 27072 2910 2910 4351 4351 64421 32597 31824 12526 12526 BANK & CREDIT CARD FEES 32816 32816 DUES AND MEMBERSHIPS 4423 1327 3096 PERSONAL DEVELOPMENT 2776 2776 EQUIPMENT & FURNISHINGS 2672 2366 306 -148196 1804 -150000 10821566 9664369 1101063 56134 2127911 4107862 7109073 4974848 39961 11562 1373525 472380 964826 901145 74038816 81662932 23532358 22849037 6984137 7675831 114797082 122183217 670228 816363 603137 576377 130830 125165 1404195 1517905 X 10578784 11275791 23984382 24711214 78829721 84678307 113392887 120665312 114797082 122183217 X -232724 6790161 714988 X 0 1 X 1 0 X 12368913 6530131 11789915 7847332 5811908 44348199 12368913 6530131 11789915 7847332 5811908 44348199 15829802 28518397 2351007 1979064 1898854 2033798 1954570 10217293 688100 478721 530337 436192 425851 2559201 57124693 0.49920 0.49540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 688,100. 2013 AMOUNT: $ 478,721. 2014 AMOUNT: $ 530,337. 2015 AMOUNT: $ 436,192. 2016 AMOUNT: $ 425,851. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 76854652 1600086 7389045 3061870 82781913 81491845 1608151 -3093424 3151920 76854652 82447588 2267735 1406235 4629713 81491845 73085633 3221388 9722340 3581773 82447588 71498436 3149037 5324602 6886442 73085633 0.01290 0.92820 0.05890 0 0 1279878 383614 896264 93647 88766 4881 901145 ALTERNATIVE INVESTMENTS 15452984 F PRIVATE EQUITY 1323406 F REAL ESTATE 2878089 F LIMITED PARTNERSHIP 1000000 F ILLIQUID CREDIT 2194558 F 22849037 OTHER ASSETS 3135 ACCRUED INTEREST 129343 CSV - LIFE INSURANCE POLICIES 52470 BENEFICIAL INTEREST IN LONG-TERM TRUSTS HELD BY OTHERS 7490883 7675831 OBLIGATIONS UNDER GIFT ANNUITY 125165 125165 X 18061105 6790161 1005440 7795601 10265504 323338 323338 10588842 10788680 290452 290452 10498228 323338 323338 10821566 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 2017, 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, 2017. 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, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 679,909. UBI FROM PARTNERSHIPS 325,531. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 290,452. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 148990 0 0 0 0 0 0 148990 0 148990 1 0 0 1 1 0 1 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 846000546 STATE OF CO 9588848 75521 FMV SEE PART IV TO PROMOTE THE GENERAL WELFARE, DEVELOPMENT, GROWTH AND WELL-BEING OF UNC 1 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, BOOKS, SUPPLIES FOR ATHLETIC TEAMS, EQUIPMENT, CONSTRUCTION MATERIALS, COLLECTIBLES, AND EVENT/AUCTION ITEMS. X X X 0 0 0 0 0 0 0 0 0 RODNEY ESCH PRESIDENT 127890 0 0 0 0 0 3463 0 22545 0 153898 0 0 0 X 1 1400 FMV X 90 FMV X 17 1368911 FMV X 1 40000 FMV X MUSICAL INSTRUMENTS & SUPPLIES 5 18331 FMV X CONSTRUCTION MATERIALS 2 11000 FMV X AUCTION ITEMS 29 3860 FMV X MISCELLANEOUS 1 650 FMV X SPORT SUPPL. 1 190 FMV 0 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 15 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 AND THE VICE PRESIDENT OF OPERATIONS, 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 325,531. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES 679,909. UNCOLLECTIBLE PLEDGES -290,452.