2017-03-03T15:54:46-06:00 2016-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2015-07-01 846044833 UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC UNIV 9703512034 JUDY FARR CENTER 1620 RESERVOIR RD GREELEY CO 80631 ROD ESCH PRESIDENT 9703512034 2017-02-28 1 DORI J EGGETT P00645252 3037409400 2015 2021-01-29 14:40:06Z RODNEY ESCH 1620 RESERVOIR ROAD GREELEY CO 80631 34329001 0 X WWW.UNCFOUNDATION.ORG X 1966 CO TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO. 9 9 13 12 187817 67931 11789915 7847332 0 0 8702337 2678727 1122335 703234 21614587 11229293 11287268 10631956 0 0 668711 701181 0 0 280071 804578 668936 12760557 12002073 8854030 -772780 121597368 114797082 1683171 1404195 119914197 113392887 THE FOUNDATION IS ENTRUSTED TO PROVIDE SUPPORT AND STEWARD DONATIONS FOR THE UNIVERSITY OF NORTHERN COLORADO. 0 0 10631956 10631956 THE FOUNDATION TRANSFERRED APPROXIMATELY $10,600,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $6,100,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $4,500,000 WENT TO CAPITAL PROJECTS AND PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC. 10631956 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 0 0 0 0 0 0 0 0 1 15 0 1 13 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 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 X X RODNEY ESCH 9703512034 1620 RESERVOIR ROAD GREELEY CO 80631 BONNIE DEAN VICE CHAIR 1.00 X X 0 0 0 CHERYL WENZINGER BOARD DIRECTOR 1.00 X 0 0 0 CURT WYENO BOARD CHAIR 1.00 X X 0 0 0 MARK O'CONNOR BOARD DIRECTOR 1.00 X 0 0 0 TIM BRADLEY BOARD DIRECTOR 1.00 X 0 0 0 KAREN KORINS BOARD DIRECTOR 1.00 X 0 0 0 SCOTT SCHEIRMAN TREASURER 1.00 X X 0 0 0 NED HUSMAN SECRETARY 1.00 X X 0 0 0 MARY ANN LITTLER BOARD DIRECTOR 1.00 X 0 0 0 DEBBIE MISEGADIS BOARD DIRECTOR 1.00 X 0 0 0 RODNEY ESCH PRESIDENT 40.00 X 131000 0 27538 KRISTEN SEIDEL VP OF OPERATIONS 40.00 X 91599 0 2930 222599 0 30468 1 0 1 0 0 7847332 1266086 7847332 1954570 1954570 79225 79225 23823865 23099708 724157 724157 724157 EVENT REGISTRATION FEE 611710 430189 430189 UBI FROM PARTNERSHIPS 611710 187817 187817 MANAGEMENT FEES 611710 6003 6003 624009 11229293 436192 187817 2757952 10631956 10631956 253066 182170 70896 312400 158197 154203 32941 19289 13652 61112 24323 36789 41662 24738 16924 7521 7521 34659 34659 440872 440872 40963 29899 11064 22506 10841 11665 69834 24799 45035 41019 12306 28713 2470 2470 2267 2267 49999 15000 34999 12019 12019 UBIT TAXES 43550 43550 BANK & CREDIT CARD FEES 32380 32380 EQUIPMENT & FURNISHINGS 6912 4298 2614 DUES AND MEMBERSHIPS 5024 1507 3517 -143059 6941 -150000 12002073 10631956 1090046 280071 1361845 2127911 7219636 7109073 40401 39961 1454791 489965 1003025 964826 78717741 74038816 25450349 23532358 7804371 6984137 121597368 114797082 932020 670228 614539 603137 136612 130830 1683171 1404195 X 14090648 10578784 21931816 23984382 83891733 78829721 119914197 113392887 121597368 114797082 X -772780 -4707131 -1041399 X 0 1 X 1 0 X 4866253 12368913 6530131 11789915 7847332 43402544 4866253 12368913 6530131 11789915 7847332 43402544 15096988 28305556 2781368 2351007 1979064 1898854 2033798 11044091 554743 688100 478721 530337 436192 2688093 57134728 0.49540 0.47000 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 554,743. 2012 AMOUNT: $ 688,100. 2013 AMOUNT: $ 478,721. 2014 AMOUNT: $ 530,337. 2015 AMOUNT: $ 436,192. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 81491845 1608151 -3093424 3151920 76854652 82447588 2267735 1406235 4629713 81491845 73085633 3221388 9722340 3581773 82447588 71498436 3149037 5324602 6886442 73085633 76493435 858395 -415278 5438116 71498436 0.01320 0.92970 0.05710 0 0 1279138 349200 929938 175653 140765 34888 964826 ALTERNATIVE INVESTMENTS 14638203 F PRIVATE EQUITY 1908095 F REAL ESTATE 3737093 F LIMITED PARTNERSHIP 1000000 F ILLIQUID CREDIT 2248967 F 23532358 OTHER ASSETS 3135 ACCRUED INTEREST 135441 CASH SURRENDER VALUE 48835 BENEFICIAL INTEREST IN LONG-TERM TRUSTS HELD BY OTHERS 6796726 6984137 OBLIGATIONS UNDER GIFT ANNUITY 130830 130830 X 5134586 -4707131 -1029546 -5736677 10871263 358030 358030 11229293 11655896 11853 11853 11644043 358030 358030 12002073 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 2016, 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, 2016. 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, 2016. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2013 THROUGH 2016 FOR THE FEDERAL RETURN AND 2012 THROUGH 2016 FOR THE COLORADO RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -798,179. UBI FROM PARTNERSHIPS -187,817. UBIT TAXES -43,550. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 55,403. UBIT TAXES -43,550. 1 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 846000546 STATE OF CO 10480880 151076 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, AND RAFFLE/EVENT/AUCTION ITEMS. X X X 0 0 0 0 0 0 0 1 0 RODNEY ESCH PRESIDENT 120000 0 5000 0 6000 0 3538 0 24000 0 158538 0 0 0 PART I, LINE 7 AT THE BOARD'S DISCRETION, THE PRESIDENT WAS PAID A BONUS OF $5,000. X 1409 FMV X 10 1115010 FMV X 1 2500 FMV X 1 4954 FMV X EQUIPMENT 3 74500 FMV X MUSICAL INSTRUMENTS & SUPPLIES 4 51689 FMV X AUCTION ITEMS 90 14724 FMV X SPORT SUPPL. 2 1300 FMV 3 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 11 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 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 XI, LINE 9: UBI FROM PARTNERSHIPS -187,817. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -798,179. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -55,403.