2017-05-03T18:32:21-05:00 2016-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2015-07-01 480996330 MidAmerica Nazarene University Foundation MIDA 9139713600 2030 E College Way Olathe KS 66062 Jon D North Executive Director 9139713600 2017-05-03 1 Daren Daiga P01074795 3178852620 2015 2021-01-29 14:40:06Z Jon D North 2030 E College Way Olathe KS 66062 7147833 0 X www.mnu.edu X 1984 KS Support for MidAmerica Nazarene University through scholarship funds and other assistance 11 7 0 11 0 0 5208890 2762758 0 0 377637 299090 33174 389076 5619701 3450924 3033790 3272788 0 0 0 0 0 0 48548 255385 174321 3289175 3447109 2330526 3815 11479362 11364423 183095 155527 11296267 11208896 Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. 0 0 2903803 2903803 Institutional support for 1,884 students at MidAmerica Nazarene University. 368985 368985 Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. For fiscal year ending 6/30/2016, there were approximately 199 student scholarship recipients. 3272788 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 16 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 11 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 KS X Jon North 9139713600 2030 E College Way Olathe KS 66062 Jon North Executive Director 1.00 40.00 X X 0 121409 41975 Michael D Major Director and Chairman 1.00 X X 0 0 0 Brian G Diddle Director and Vice Chairman 1.00 X X 0 0 0 Kevin P Gilmore Director and Treasurer 1.00 30.00 X X 0 118200 10352 Charles J Nunamaker Director and Secretary 1.00 X X 0 0 0 Timothy R Keeton Director 1.00 40.00 X 0 70128 12351 Larry D McIntire Director 1.00 1.00 X 0 0 0 Otto W Theel part year Director 1.00 X 0 0 0 David J Spittal Director 1.00 40.00 X 0 192185 0 Douglas L Diehl Director 1.00 X 0 0 0 Keith B Cox Director 1.00 1.00 X 0 0 0 0 501922 64678 0 0 1 0 0 90102 2672656 20468 2762758 238392 238392 41908 49619 -7711 -7711 -7711 3559957 3499259 60698 60698 60698 459736 90102 148031 311705 311705 Other Income 900099 85082 85082 85082 3450924 0 0 688166 3272788 3272788 7805 7805 35570 35570 77098 77098 7447 350 7097 5364 5364 78 78 Pledge Write-off Exp 30000 30000 Life Insurance Premiums 6087 6087 Foreign Tax Withholding 4798 4798 Registration Fees 74 74 3447109 3272788 125773 48548 8368 6027 3983030 3815759 919434 1088890 831099 230968 619375 600131 5818949 5712092 130206 141524 11479362 11364423 35354 14361 200 550 147541 140616 183095 155527 X -128096 -336997 2868626 2685481 8555737 8860412 11296267 11208896 11479362 11364423 X 3815 -61036 -30150 X X 0 1 X 1 0 X 3221536 2873991 3950651 5208890 2762758 18017826 3221536 2873991 3950651 5208890 2762758 18017826 2824197 15193629 273248 299440 332537 298844 280300 1484369 154245 152888 196545 205800 544818 1254296 20756491 0.73200 0.75530 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2011 Amount: $ 21,001. 2012 Amount: $ 33,502. 2013 Amount: $ 40,916. 2014 Amount: $ 54,640. 2015 Amount: $ 85,082. Annuity Income - Fundraising Event Income - 2011 Amount: $ 133,244. 2012 Amount: $ 119,386. 2013 Amount: $ 155,629. 2014 Amount: $ 151,160. 2015 Amount: $ 459,736. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9340540 306012 197784 502599 3084 9338653 8935246 493244 273890 361331 509 9340540 7886826 706156 718826 372554 4008 8935246 7098048 457919 566812 213184 22769 7886826 6926816 381604 90948 277833 2780 20707 7098048 0.04290 0.94880 0.00830 0 0 140000 140000 691099 230968 460131 600131 Annuities Payable 140616 140616 X 3557388 -61036 197650 136614 3420774 30150 30150 3450924 3644759 197650 197650 3447109 0 3447109 Part V, Line 4: The intended use of the endowment funds are educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. Part X, Line 2: The financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of June 30, 2016 and 2015, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files tax returns in the U.S. federal jurisdiction. With a few exceptions, the University is no longer subject to U.S. federal examinations by tax authorities for years before 2013. Part XI, Line 2d - Other Adjustments: Rent expense included on Part VIII Line 6b 49,619. Fundraising expense included on Part VIII Line 8b 148,031. Part XI, Line 4b - Other Adjustments: Change in value of split interest agreements 30,150. Part XII, Line 2d - Other Adjustments: Rent expense included on Part VIII Line 6b 49,619. Fundraising expense included on Part VIII Line 8b 148,031. President's Honors 511063 83307 427756 15877 19129 99202 Golf Tournament 38775 6795 31980 310 730 5509 536 6738 549838 90102 459736 310 730 21386 19665 105940 148031 311705 1 MidAmerica Nazarene University 2030 E College Way Olathe KS 66062 480730814 501(c)(3) 3272788 Grants to MidAmerica Nazarene University are for scholarships and institutional support. 1 0 Part I, Line 2: MidAmerica Nazarene University Foundation maintains endowments that support its related organization, MidAmerica Nazarene University. The Organization only provides grants to MidAmerica Nazarene University and therefore is able to monitor all uses of the provided grants due to their relationship. 0 0 0 0 0 0 0 0 0 Jon North Executive Director 0 113959 0 0 0 7450 0 0 0 42515 0 163924 0 0 David J Spittal Director 0 191175 0 0 0 1010 0 0 0 840 0 193025 0 0 Form 990, Part V, Line 2a All Foundation employees are shared with MidAmerica Nazarene University, a related organization. MidAmerica Nazarene University compensates the employees and files all required payroll information returns as required by the IRS. Form 990, Part VI, Section A, line 1 The organization has an executive committee that is composed of all officers of the board. The committee meets twice a year. The executive commmittee has full authority of the governing body. Form 990, Part VI, Section A, line 6 MidAmerica Nazarene University Foundation (MNUF) members shall be the original incorporators until additional members are elected by the incorporators. Members shall serve for a term of three (3) years. Members shall be persons of Christian character and integrity with a commitment to the mission of MidAmerica Nazarene University. Members shall demonstrate their support of the University by significant financial support; and/or active participation in fundraising; and/or participation in support services, committee work, or special events of the corporation; and/or being an ambassador for the University to the general public. Persons shall be recommended for membership by other members; shall apply for membership as provided by the board of directors; and shall be nominated for membership by the board of directors. Once elected by the membership, an invitation to become a member shall be issued to the proposed members by the board of directors. Members of the Foundation have the right to elect the governing body of MNUF. The members have the reserved power to approve significant decisions of MNUF's governing body. The members are not entitled to receive a share of MNUF's profits, excess dues or a share of MNUF's net assets upon dissolution. Form 990, Part VI, Section A, line 7a Members of MidAmerica Nazarene University Foundation have the right to elect all the board of directors. Form 990, Part VI, Section A, line 7b The corporate bylaws of MNUF identify certain rights and powers which are reserved to the members of MNUF. The rights and powers reserved to the members may be summarized as follows: (1) Election of members (2) Election of directors (3) Election of officers (4) Transaction of such other business as may properly be presented and come before such meeting Form 990, Part VI, Section B, line 11 An independent accounting firm prepares and reviews the Form 990. The independent accounting firm then provides the organization's Executive Director a draft of the Form 990 for comments and approval. After approval, the Form 990 is submitted via email to all voting members of the governing board along with a response time for questions and comments. All issues are resolved and the Form 990 is filed. Form 990, Part VI, Section B, line 12c Conflict reporting occurs via the conflict of interest disclosure form which is completed annually by each officer and director. The contract accountant reviews the signed statements. If there are conflicts, they are made known to the Board. Standard monitoring involves review of disclosures at the next annual reporting or update of an officer and director's disclosure form. Officers and directors determine if a conflict exists. A log is maintained to ensure that each officer and director returns his form. If a conflict arises, the director abstains from the vote of the conflicted position. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers. Therefore, Lines 15a and 15b were answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Change in value of split interest agreements -30,150. Form 990, Part XII, Line 2c The full board assumes responsibility for the oversight of the audit of the Foundation's financial statements and selection of an independent accountant. Murlen Office Quarters LLC c/o MNUF 2030 E College Way Olathe KS 66062 364652582 Real Estate KS 41908 606390 MidAmerica Nazarene University Foundation MidAmerica Nazarene University 2030 East College Way Olathe KS 66062 480730814 Education KS 501(c)(3) 2 N/A 0 Annuity Trust (1) CLAT MO MidAmerica Nazarene Univer Fndn T 1 1 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 MidAmerica Nazarene University B MidAmerica Nazarene University D MidAmerica Nazarene University L MidAmerica Nazarene University N MidAmerica Nazarene University O MidAmerica Nazarene University P MidAmerica Nazarene University A