2016-10-31T08:19:04-05:00 2016-06-30 570381582 ELLIOTT DAVIS DECOSIMO LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2015-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 RANDY EDWARDS PRESIDENT 8282622341 2016-10-27 1 DENISE P HILL CPA P00046615 8032560002 2015 2017-02-10 21:41:12Z RANDY EDWARDS ASU BOX 32064 MCKINNEY ALUMNI CENTER BOONE NC 286082064 18774350 0 X HTTP://GIVE.APPSTATE.EDU/FOUNDATION/ X 1970 NC TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY. 31 31 0 31 770 0 21910741 11908472 74497 140714 8216551 796031 55998 1932 30257787 12847149 11759189 12056822 0 0 0 0 20400 0 1064501 1727576 1946802 13507165 14003624 16750622 -1156475 131931653 129453861 6528484 6331998 125403169 123121863 X TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY 0 0 5358216 5358216 22738 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 2570153 2570153 200 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 4118378 4118378 39890 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 484303 1475 83306 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY 8600 8600 SUPPORT TO APPALACHIAN REAL ESTATE HOLDINGS, INC. 492903 10075 83306 12539650 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 20 0 0 0 0 0 0 0 1 1 0 0 X 31 31 1 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 BRADLEY T ADCOCK BOARD MEMBER 1.00 X 0 0 0 BRANDON T ADCOCK BOARD MEMBER 1.00 X 0 0 0 J CANTEY ALEXANDER III BOARD MEMBER 1.00 X 0 0 0 GEORGE G BEASLEY BOARD MEMBER 1.00 X 0 0 0 TALANA J BELL BOARD MEMBER 1.00 X 0 0 0 J KATHRYN BLANCHARD BOARD MEMBER 2.00 X 0 0 0 THOMAS E CHANDLER JR VICE CHAIR 3.00 X 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 JAMES W COVINGTON JR BOARD MEMBER 1.00 X 0 0 0 EDNA W CUMMINGS BOARD MEMBER 1.00 X 0 0 0 JANE MORETZ EDMISTEN 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 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 2.00 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 KAY C NORWOOD BOARD MEMBER 2.00 X 0 0 0 JULIE M PAGE BOARD MEMBER 1.00 X 0 0 0 E JOSEPH PIACENTINO JR TREASURER 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 BIXBY O STEWART BOARD MEMBER 1.00 X 0 0 0 C HUNTER WIDENER BOARD MEMBER 1.00 X 0 0 0 RANDY EDWARDS STARTED 7-1-16 PRESIDENT 20.00 20.00 X X 0 0 0 SUSAN PETTYJOHN-RETIRED 6-30-16 PRESIDENT 20.00 20.00 X 0 198454 14931 LAURA CRANDALL CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 121051 15193 0 319505 30124 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 285527 1 141081 11767391 1284261 11908472 OTHER PROGRAM REVENUE 900099 74576 74576 EVENT ADMISSIONS & MEALS 611710 57104 57104 FLEET VEHICLE REVENUE 480000 9034 9034 140714 274837 274837 40804 770 40034 6301806 43047 5718956 104703 582850 -61656 521194 521194 29350 141081 95542 -66192 -66192 29900 8000 21900 21900 MISCELLANEOUS 900099 5420 5420 5420 12847149 146134 770 791773 12056822 12056822 16375 1100 15275 39195 39195 285527 285527 356363 92584 11735 252044 158674 34962 3356 120356 218373 81850 136523 SUPPLIES 453503 192642 2363 258498 CURRENT SERVICES 175504 46583 1443 127478 FIXED CHARGES 136698 9534 40579 86585 CONTRACT SERVICES 67673 23573 44100 38917 38917 14003624 12539650 399473 1064501 1000 1000 3919198 1936481 28071533 25122480 33980 73919 1754 0 5163 8073 8159700 25700 6539000 8134000 9749784 83413928 93983477 196313 194431 131931653 129453861 130545 135953 3590 646 4412035 4225549 1982314 1969850 6528484 6331998 X 6092461 6054858 54999821 49717522 64310887 67349483 125403169 123121863 131931653 129453861 X -1156475 -330732 -794099 X 0 1 X 1 0 X 20310249 12682891 16985951 21910741 11908472 83798304 20310249 12682891 16985951 21910741 11908472 83798304 1385904 82412400 1505976 1312949 1295981 973412 314871 5403189 1227 -20145 -19985 30412 770 -7721 1100837 3259 44448 8303 5420 1162267 90356039 834263 0.91210 0.89160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76480833 2514643 -1029781 1351488 900149 75714058 74717509 2882348 960319 1135144 944199 76480833 66203931 3627602 6920223 865128 1169119 74717509 62826620 1582244 3687159 722856 1169236 66203931 67752577 2537936 -4365992 640351 2457550 62826620 0.02570 0.80620 0.16810 0 0 6250000 1884000 8134000 25700 25700 0 8134000 ALTERNATIVE INVESTMENTS 66434298 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS/OTHER 3351869 F SHORT TERM INVESTMENT FUND 22894761 F OTHER ALTERNATIVE INVESTMENTS 1302549 F 93983477 SPLIT INTEREST AGREEMENT 1969850 1969850 X 14843953 -330732 2832123 -219060 2282331 12561622 285527 285527 12847149 16550220 2832123 2832123 13718097 285527 285527 14003624 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 -1,150. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -217,910. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSUS NETTING WITH REVENUE 285,527. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSUS NETTING WITH REVENUE 285,527. X X X X X X 1 WASHBURN & MCGOLDRICK LLC 950 NEW LOUDON ROAD SUITE 210 LATHAM NY 12110 CONSULTING 0 0 24300 -24300 CROW FUNDRAISING CONCEPTS 8300 FAIRMOUNT DRIVE UNIT JJ102 DENVER CO 802476533 CONSULTING 0 0 7000 -7000 31300 -31300 NC GOLF TOURNAMENT 110521 99771 10750 53008 GOLF TOURNAMENT 29600 23300 6300 26415 2 30310 18010 12300 16119 170431 141081 29350 95542 95542 -66192 29900 8000 0 29900 8000 8000 21900 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 0 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 4774528 583688 FMV FMV OF SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY OPERATIONS DEPARTMENT BOONE NC 28608 561176030 STATE GOV'T ENTITY 1475 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY SCHOLARSHIP SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 2570153 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 4028825 89553 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) 8600 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 SUSAN PETTYJOHN-RETIRED 6-30-16 PRESIDENT 0 197074 0 0 0 1380 0 13069 0 1862 0 213385 0 0 X 25 231030 APPRAISAL X 45 620274 MARKET QUOTE X 1 184449 APPRAISAL X 1 1950 APPRAISAL X SUPPLIES AND EQUIPMENT 110 246558 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 BRADLEY T. ADCOCK IS THE CHAIR OF THE BOARD OF TRUSTEES AT APPALACHIAN STATE UNIVERSITY. BRANDON T. ADCOCK IS HIS SON. FORM 990, PART VI, SECTION B, LINE 11 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 AT THE FEBRUARY MEETING 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 -217,910. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -1,149. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -575,040. 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 12048222 ACTUAL CASH TRANSFERRED APPALACHIAN REAL ESTATE HOLDINGS INC B 8600 ACTUAL CASH TRANSFERRED