2017-11-03T15:30:23-05:00 2017-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLC PLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2016-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 RANDY EDWARDS PRESIDENT 8282622341 2017-10-24 1 DENISE P HILL CPA P00046615 8032560002 104.129.204.105 2017-10-24 14:31:59 ED P BD9918A8CC50EF6BAD6F96AD3F47CB4FEB008E20 BD9918A8CC50EF6BAD6F96AD3F47CB4FEB008E20 2016 2021-01-29 14:40:06Z RANDY EDWARDS ASU BOX 32064 MCKINNEY ALUMNI CENTER BOONE NC 286082064 15199362 0 X HTTP://GIVE.APPSTATE.EDU/FOUNDATION/ X 1970 NC TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY. 33 33 0 33 757 0 11908472 12165271 140714 212463 796031 528761 1932 97312 12847149 13003807 12056822 11407219 0 0 0 0 0 0 979173 1946802 1875497 14003624 13282716 -1156475 -278909 129453861 137321245 6331998 7112363 123121863 130208882 X TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY 0 0 5826180 5826180 26553 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 2896881 2896881 2120 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 2674748 2674748 71549 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 498543 2810 125235 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY 6600 6600 SUPPORT TO APPALACHIAN REAL ESTATE HOLDINGS, INC. 505143 9410 125235 11902952 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 27 0 0 0 0 0 0 0 1 1 0 0 X 33 33 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 BOONE NC 28608 BRANDON T ADCOCK BOARD MEMBER 1.00 X 0 0 0 J CANTEY ALEXANDER III BOARD MEMBER 1.00 X 0 0 0 TALANA J BELL BOARD MEMBER 1.00 X 0 0 0 STEPHANIE L BILLINGS BOARD MEMBER 1.00 X 0 0 0 J KATHRYN BLANCHARD BOARD MEMBER 2.00 X 0 0 0 CULLEN A CAMERON BOARD MEMBER 1.00 X 0 0 0 CAROLYN J CLARK BOARD MEMBER 1.00 X 0 0 0 FAIRLEY BELL COOK BOARD MEMBER 1.00 X 0 0 0 EDNA W CUMMINGS BOARD MEMBER 1.00 X 0 0 0 JACK L ELLEDGE BOARD MEMBER 1.00 X 0 0 0 CHARLENE W FOLEY BOARD MEMBER 1.00 X 0 0 0 HUGHLENE B FRANK BOARD MEMBER 1.00 X 0 0 0 KIMBERLY JONES GREEN BOARD MEMBER 1.00 X 0 0 0 D BRYAN HAAS BOARD MEMBER 1.00 X 0 0 0 AVERY B HALL SR BOARD MEMBER 1.00 X 0 0 0 R VAUGHN HAYES BOARD MEMBER 1.00 X 0 0 0 CHARLENE A JOHNSON BOARD MEMBER 1.00 X 0 0 0 LIVIAN L JONES BOARD MEMBER 1.00 X 0 0 0 PAUL L KIZAKEVICH BOARD MEMBER 1.00 X 0 0 0 MITCHELL S LEMONS BOARD MEMBER 2.00 X 0 0 0 ROBIN A LESTER BOARD MEMBER 1.00 X 0 0 0 HAL D LINGERFELT BOARD MEMBER 2.00 X 0 0 0 TASSE A LITTLE BOARD MEMBER 1.00 X 0 0 0 H ALLEN LOCKWOOD JR BOARD MEMBER 1.00 X 0 0 0 KAY C NORWOOD BOARD MEMBER 2.00 X 0 0 0 STEVEN C PRICE BOARD MEMBER 1.00 X 0 0 0 ALICE G ROESS BOARD MEMBER 1.00 X 0 0 0 BIXBY O STEWART BOARD MEMBER 1.00 X 0 0 0 C HUNTER WIDENER BOARD MEMBER 1.00 X 0 0 0 E JOSEPH PIACENTINO JR TREASURER 3.00 X X 0 0 0 THOMAS E CHANDLER JR VICE CHAIR 3.00 X X 0 0 0 JAMES R PROFFIT CHAIR 3.00 X X 0 0 0 JAMES K REAVES SECRETARY 3.00 X X 0 0 0 RANDY EDWARDS PRESIDENT (BEGINNING 7/1/16) 20.00 20.00 X 0 241916 44497 LAURA CRANDALL CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 127050 22739 SUSAN PETTYJOHN PRESIDENT (UNTIL 6/30/16) 20.00 20.00 X 0 122626 18597 0 491592 85833 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 301792 DAKTRONICS INC 201 DAKTRONICS DR BROOKINGS SD 57006 VIDEO BOARDS / EQUIPMENT 135000 2 251362 11913909 769653 12165271 OTHER PROGRAM REVENUE 900099 114056 114056 EVENT ADMISSIONS & MEALS 611710 89553 89553 FLEET VEHICLE REVENUE 480000 8854 8854 212463 344542 344542 87976 2930 85046 2285078 4145 2105004 0 180074 4145 184219 184219 59066 251362 80551 -21485 -21485 30000 10000 20000 20000 MISCELLANEOUS 900099 12994 12994 PASSTHROUGH FROM THE BROYHILL ALL 900099 -2173 -2173 10821 13003807 225457 757 612322 11407219 11407219 23017 13353 9664 27150 27150 301792 301792 298869 73096 9119 216654 164476 26623 1806 136047 258993 97485 161508 SUPPLIES 350916 121105 1324 228487 CURRENT SERVICES 160792 43150 3637 114005 FIXED CHARGES 132673 14713 43699 74261 CONTRACT SERVICES 125728 106208 2400 17120 31091 31091 13282716 11902952 400591 979173 1000 1000 1936481 2494459 25122480 22473521 73919 56975 8073 3631 9914348 0 8134000 9914348 93983477 102174173 194431 203138 129453861 137321245 135953 1405370 646 793 4225549 3883648 1969850 1822552 6331998 7112363 X 6054858 6619004 49717522 54589623 67349483 69000255 123121863 130208882 129453861 137321245 X -278909 8090860 -724932 X X 0 1 X 1 0 X 12682891 16985951 21910741 11908472 12165271 75653326 12682891 16985951 21910741 11908472 12165271 75653326 2216837 73436489 1312949 1295981 973412 314871 432518 4329731 -20145 -19985 30412 770 757 -8191 3259 44448 8303 5420 10822 72252 80047118 0.91740 0.91210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75714058 2573059 6854075 1503599 1923660 81713933 76480833 2514643 -1029781 1351488 900149 75714058 74717509 2882348 960319 1135144 944199 76480833 66203931 3627602 6920223 865128 1169119 74717509 62826620 1582244 3687159 722856 1169236 66203931 0.02460 0.77020 0.20520 0 0 6696600 1884000 8580600 1333748 1333748 9914348 ALTERNATIVE INVESTMENTS 72735150 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS/OTHER 3338583 F SHORT TERM INVESTMENT FUND 25236763 F OTHER ALTERNATIVE INVESTMENTS 863677 F 102174173 SPLIT INTEREST AGREEMENT 1822552 1822552 X 23866295 8090860 2844481 228939 11164280 12702015 301792 301792 13003807 15825405 2844481 2844481 12980924 301792 301792 13282716 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 CASH SURRENDER VALUE OF LIFE INSURANCE 8,707. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 220,232. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSUS NETTING WITH REVENUE 301,792. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSUS NETTING WITH REVENUE 301,792. ATHLETICS GALA 113725 100925 12800 6923 15905 9292 BRANTLEY CENTER GOLF TOURNAMENT 72476 62046 10430 8388 9477 5 124227 88391 35836 301 8646 21619 310428 251362 59066 7224 32939 40388 80551 -21485 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 5354609 474380 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 2896881 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 2616819 57930 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 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO APPALACHIAN STATE UNIVERSITY STUDENTS BY DEPARTMENTAL SELECTION COMMITTEES BASED ON THE AWARD CRITERIA FOR EACH AWARD. PROGRAM FUNDING IS ALSO AWARDED TO APPALACHIAN STATE UNIVERSITY IN ACCORDANCE WITH THE FUND CRITERIA. 0 0 0 0 0 0 0 0 0 RANDY EDWARDS PRESIDENT (BEGINNING 7/1/16) 0 241916 0 0 0 0 0 38917 0 5580 0 286413 0 0 X 16 145796 APPRAISAL X 42 338245 MARKET QUOTE X 2 57008 APPRAISAL X SUPPLIES AND EQUIPMENT 107 228604 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 220,232. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,707. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -953,871. 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 11400619 ACTUAL CASH TRANSFERRED APPALACHIAN REAL ESTATE HOLDINGS INC B 6600 ACTUAL CASH TRANSFERRED