2018-10-23T18:17:14-05:00 2018-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2017-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 RANDY EDWARDS PRESIDENT 8282622341 2018-10-18 1 DENISE P HILL P00046615 8032560002 2018-10-10 24.181.201.165 2018-10-18 11:44:21 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2017 2018-06-14 16:35:46Z RANDY EDWARDS ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 32640775 0 X HTTP://GIVE.APPSTATE.EDU/FOUNDATION/ X 1970 NC TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY. 31 31 0 31 -2868 -4243 12165271 28053886 212463 126929 528761 4916 97312 51059 13003807 28236790 11407219 16856755 0 0 0 0 0 0 1094186 1875497 2007799 13282716 18864554 -278909 9372236 137321245 156475198 7112363 8622428 130208882 147852770 X TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY 0 0 5350723 5350723 27904 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 3017907 3017907 6145 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 8481525 8481525 68241 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 498989 6600 24639 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY 498989 6600 24639 17349144 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 31 0 0 0 0 0 0 0 1 1 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CO DC MD ME MI MN NH NJ SC VA X LAURA CRANDALL CFO 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 28608 CANTEY ALEXANDER BOARD MEMBER 1.00 X 0 0 0 JAMES BARNES BOARD MEMBER 1.00 X 0 0 0 STEPHANIE BILLINGS BOARD MEMBER 1.00 X 0 0 0 CAROLYN CLARK BOARD MEMBER 1.00 X 0 0 0 FAIRLEY BELL COOK BOARD MEMBER 1.00 X 0 0 0 EDNA CUMMINGS BOARD MEMBER 1.00 X 0 0 0 CHARLENE FOLEY BOARD MEMBER 1.00 X 0 0 0 HUGHLENE FRANK BOARD MEMBER 1.00 X 0 0 0 KIMBERLY JONES GREEN BOARD MEMBER 1.00 X 0 0 0 BRYAN HAAS BOARD MEMBER 1.00 X 0 0 0 AVERY HALL BOARD MEMBER 1.00 X 0 0 0 LIVIAN JONES BOARD MEMBER 1.00 X 0 0 0 PAUL KIZAKEVICH BOARD MEMBER 1.00 X 0 0 0 MITCHELL LEMONS BOARD MEMBER 2.00 X 0 0 0 HAL LINGERFELT BOARD MEMBER 2.00 X 0 0 0 TASSE LITTLE BOARD MEMBER 1.00 X 0 0 0 ALLEN LOCKWOOD BOARD MEMBER 1.00 X 0 0 0 WAYNE MILER BOARD MEMBER 1.00 X 0 0 0 KAY NORWOOD BOARD MEMBER 2.00 X 0 0 0 SAM POWERS BOARD MEMBER 1.00 X 0 0 0 STEVEN PRICE BOARD MEMBER 1.00 X 0 0 0 JAMES PROFFIT BOARD MEMBER 1.00 X 0 0 0 JAMES REAVES BOARD MEMBER 2.00 X 0 0 0 BIXBY STEWART BOARD MEMBER 1.00 X 0 0 0 DAPHNE URQUHART BOARD MEMBER 1.00 X 0 0 0 STACIE WALKER BOARD MEMBER 1.00 X 0 0 0 HUNTER WIDENER BOARD MEMBER 1.00 X 0 0 0 KATHRYN BLANCHARD VICE CHAIR 3.00 X 0 0 0 TED CHANDLER CHAIR 3.00 X 0 0 0 CHARLENE JOHNSON TREASURER 3.00 X 0 0 0 ROBIN LESTER SECRETARY 3.00 X 0 0 0 RANDY EDWARDS PRESIDENT 20.00 20.00 X 0 242930 47968 LAURA CRANDALL CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 127622 15133 0 370552 63101 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 318003 ANTHONY JAMES PARTNERS LLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 VIDEO BOARDS / EQUIPMENT 116663 2 166140 27887746 28053886 OTHER PROGRAM REVENUE 900099 74009 74009 EVENT ADMISSIONS & MEALS 611710 43558 43558 FLEET VEHICLE REVENUE 480000 9362 9362 126929 487221 487221 71301 1233 70068 3792856 4275161 -482305 -482305 -482305 69098 166140 118824 -49726 -49726 30000 10000 20000 20000 MISCELLANEOUS 900099 13585 13585 PASSTHROUGH FROM: THE BROYHILL AL 900099 -4101 -4101 9484 28236790 140514 -2868 45258 16856755 16856755 23431 13831 9600 30050 30050 318003 318003 374997 109165 9958 255874 174854 29391 1738 143725 236886 91072 145814 SUPPLIES 355449 135158 2808 217483 CONTRACT SERVICES 183138 58879 0 124259 CURRENT SERVICES 140599 37986 4007 98606 FIXED CHARGES 134100 16907 45060 72133 36292 36292 18864554 17349144 421224 1094186 1000 1000 2494459 3570538 22473521 31758764 56975 115177 3631 3567 8580600 9914348 8580600 102174173 112260803 203138 184749 137321245 156475198 1405370 217224 793 2336 3883648 6589303 1822552 1813565 7112363 8622428 X 6619004 7116936 54589623 69117568 69000255 71618266 130208882 147852770 137321245 156475198 X 9372236 9497687 -1226035 X X 0 1 X 1 0 X 16985951 21910741 11908472 12165271 28053886 91024321 16985951 21910741 11908472 12165271 28053886 91024321 3257818 87766503 1295981 973412 314871 432518 558522 3575304 -19985 30412 770 757 -2868 9086 44448 8303 5420 10822 9484 78477 94687188 0.92690 0.91740 X 81713933 2451121 7606143 1512801 1231410 89026986 75714058 2573059 6854075 1503599 1923660 81713933 76480833 2514643 -1029781 1351488 900149 75714058 74717509 2882348 960319 1135144 944199 76480833 66203931 3627602 6920223 865128 1169119 74717509 0.02180 0.24610 0.73210 0 0 6696600 1884000 8580600 8580600 ALTERNATIVE INVESTMENTS 80209147 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS/OTHER 3429027 F SHORT TERM INVESTMENT FUND 27745762 F OTHER ALTERNATIVE INVESTMENTS 876867 F 112260803 SPLIT INTEREST AGREEMENT 1813565 1813565 X 40973476 9497687 3372058 184944 13054689 27918787 318003 318003 28236790 22037433 3372058 118824 3490882 18546551 318003 318003 18864554 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIP AWARDS AND SUPPORT OF UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORM 990-T ANNUALLY AND REPORTS UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 55,568. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 10,552. FUNDRAISING EXPENSES NETTED WITH REVENUE ON PAGE 9 118,824. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSES NETTING WTIH REVENUE 318,003. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED WITH REVENUE ON PAGE 9 118,824. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSES NETTING WTIH REVENUE 318,003. ATHLETICS GALA 70000 54500 15500 9282 17440 10624 BRANTLEY CENTER GOLF TOURNAMENT 47600 38080 9520 0 7770 11617 7 117638 73560 44078 1483 16266 44342 235238 166140 69098 10765 41476 11617 54966 118824 -49726 30000 10000 0 30000 10000 10000 20000 NC 0 NORTH CAROLINA GENERAL STATUTE SEC 14-309 15 PERMITS CERTAIN NONPROFIT ORGANIZATIONS TO CONDUCT TWO RAFFLES PER YEAR. A RAFFLE CONDUCTED PURSUANT TO THIS SECTION IS NOT A VIOLATION OF STATE LAW. 0 0 0 1.00000 LAURA CRANDALL ASU BOX 32064 MCKINNEY ALUMNI CENTE BOONE NC 28608 0 BRIAN TRACY BRIAN TRACY, SENIOR ASSOCIATE ATHLETICS DIRECTOR, COORDINATED THE RAFFLE X 0 1 APPALACHIAN STATE UNIVERSITY OPERATIONS DEPARTMENT BOONE NC 28608 561176030 STATE GOV'T ENTITY 5008007 342716 FMV FMV OF SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY SCHOLARSHIP SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 3017907 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 4703677 3777848 FMV FMV OF EQUIPMENT AND SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIPS AND PROGRAMS. APPALACHIAN REAL ESTATE HOLDINGS MCKINNEY ALUMNI CENTER BOONE NC 28608 271877570 501(C)(3) 6600 GENERAL SUPPORT. 2 0 0 0 0 0 0 0 0 0 0 RANDY EDWARDS PRESIDENT 0 242930 0 0 0 0 0 42195 0 5773 0 290898 0 0 X 12 62516 APPRAISAL X 48 489057 MARKET QUOTE X SUPPLIES AND EQUIPMENT 94 338358 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 WITH THE PREPARER AND THEN THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW, WITH THE EXCEPTION OF SCHEDULE B WHICH THE BOARD MEMBERS WILL NOT BE ABLE TO REVIEW. THE RETURN IS FILED AFTER THE FORM 990 IS SENT TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ATTORNEY MEETS WITH THE BOARD OF DIRECTORS ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST ANNUAL REPORTING STATEMENT AT THE MEETING FOR COMPLETION AND RETURN IT TO THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT PAY ANY FORM OF COMPENSATION, RATHER EMPLOYEES OF APPLACHIAN STATE UNIVERSITY CARRY OUT THE REGULAR TASKS AND DUTIES OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE FOUNDATION ACCOUNTING OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 55,568. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 10,552. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -675,292. CHANGE IN LEGISLATION FOR CHARITABLE CONTRIBUTIONS -616,863. FORM 990, PART XII, LINE 2C: NO CHANGE IN SELECTION OR OVERSIGHT PROCESS APPALACHIAN STATE UNIVERSITY APPALACHIAN STATE UNIVERSITY BOONE NC 28608 561176030 PUBLIC UNIVERSITY NC STATE GOV'T ENTITY N/A N/A 0 APPALACHIAN REAL ESTATE HOLDINGS INC PO BOX 32156 BOONE NC 28608 271877570 TO HOLD AND MANAGE REAL ESTATE INTERESTS FOR THE BENEFIT OF THE UNIVERSITY NC 501(C)(3) LINE 11A, I APPALACHIAN STATE UNIVERSITY 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 APPALACHIAN STATE UNIVERSITY B 16850155 ACTUAL CASH TRANSFERRED APPALACHIAN REAL ESTATE HOLDINGS INC B 6600 ACTUAL CASH TRANSFERRED