2016-12-15T12:39:34-06:00 2016-06-30 232108173 RKL LLP 1330 BROADCASTING ROAD PO BOX 7008 WYOMISSING PA 196106008 990 2015-07-01 232256893 KUTZTOWN UNIVERSITY FOUNDATION INC KUTZ 6106831513 WIESENBERGER ALUMNI CTR PO BOX 151 KUTZTOWN PA 19530 EDWARD T RICHMOND CHIEF FINANCIAL OFFICER 6106831513 2016-12-15 1 SARA STEWART P01584346 6103761595 2016-12-13 2015 2017-02-10 21:41:12Z EDWARD T RICHMOND WIESENBERGER ALUMNI CTR PO BOX 151 KUTZTOWN PA 19530 13169283 0 X WWW.KUTZTOWNUFOUNDATION.ORG X 1982 PA TO RAISE FUNDS TO ASSIST IN DEVELOPING AND INCREASING EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. 20 20 50 90 126259 125259 2690364 2377050 6427996 6272685 1520848 1218717 186708 436341 10825916 10304793 1424121 1437041 0 0 1617777 1723764 0 0 1063969 4492313 4549405 7534211 7710210 3291705 2594583 70238848 68960981 50880190 48839691 19358658 20121290 X THE MISSION OF THE KUTZTOWN UNIVERSITY FOUNDATION AND ALUMNI RELATIONS IS TO RAISE FUNDS TO ASSIST IN DEVELOPING AND INCREASING EDUCATIONAL OPPORTUNITIES AT KUTZTOWN UNIVERSITY OF PENNSYLVANIA FOR ITS STUDENTS, FACULTY, ALUMNI AND THE GENERAL PUBLIC. 0 0 828190 828190 PROVIDE SCHOLARSHIPS TO THE STUDENTS OF KUTZTOWN UNIVERSITY 608851 608851 PROVIDE FINANCIAL ASSISTANCE TO KUTZTOWN UNIVERSITY AND ITS STUDENTS 3746148 4263189 PROVIDE AFFORDABLE AND COMFORTABLE HOUSING FOR STUDENTS OF KUTZTOWN UNIVERSITY 594852 2009496 PROVIDE FUNDRAISING, DEVELOPMENT, AND PHILANTHROPIC FUND ADMINISTRATION SERVICES TO KUTZTOWN UNIVERSITY 594852 2009496 5778041 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 24 0 1 50 1 1 1 0 0 0 0 0 1 1 0 0 0 X 20 20 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CA FL MA MD MI MN NJ NY SC VA IL WA NH X EDWARD T RICHMOND CFO 6106831513 15197 KUTZTOWN ROAD KUTZTOWN PA 19530 JAMES ZELLNER PRESIDENT 10.00 2.00 X X 0 0 0 RICHARD ZILMER VICE PRESIDENT 2.00 2.00 X X 0 0 0 JANE REDNER TREASURER 10.00 2.00 X X 0 0 0 CORLISS BACHMAN SECRETARY 2.00 2.00 X X 0 0 0 JOHN ACANFORA BOARD MEMBER 2.00 2.00 X 0 0 0 GRAHAM ANDERSON BOARD MEMBER 2.00 2.00 X 0 0 0 FRANK BREWER BOARD MEMBER 2.00 2.00 X 0 0 0 LESLEY FALLON BOARD MEMBER 10.00 2.00 X 0 0 0 MICHAEL GULATI BOARD MEMBER 2.00 2.00 X 0 0 0 JACKIE JAINDL BOARD MEMBER 2.00 2.00 X 0 0 0 PETER KNIGHT BOARD MEMBER 10.00 2.00 X 0 0 0 ROBERT LANDIS BOARD MEMBER 2.00 2.00 X 0 0 0 OLIN MARTH BOARD MEMBER 2.00 2.00 X 0 0 0 SCOTT DORN BOARD MEMBER 2.00 2.00 X 0 0 0 PAUL PRESINZANO BOARD MEMBER 10.00 2.00 X 0 0 0 WILLIS RAPP BOARD MEMBER 2.00 2.00 X 0 0 0 ANTHONY CIOFFI BOARD MEMBER 2.00 2.00 X 0 0 0 NORMAN INKPEN BOARD MEMBER 10.00 2.00 X 0 0 0 MATTHEW WEST BOARD MEMBER 2.00 2.00 X 0 0 0 CAROLINA MARTINEZ BOARD MEMBER 2.00 2.00 X 0 0 0 TRACEY THOMPSON EXECUTIVE DIRECTOR 50.00 X 155252 0 43016 EDWARD T RICHMOND CFO 50.00 X 135470 0 30742 290722 0 73758 1 0 1 0 MRA REALTY INC 3 VILLAGE ROAD SUITE 200 HORSHAM PA 19044 PROPERTY MANAGEMENT SERVICES 391242 HAZLETON PAINTING INC 150 BUTLER DRIVE HAZLETON PA 18201 PAINTING 211745 DUAL TEMP 2050 SOUTH 12TH ST ALLENTOWN PA 18103 MAINTENANCE CONTRACT & SERVICE 166038 SIMPLEX GRINNELL DEPT CH 10320 PALATINE IL 600550320 FIRE SAFETY MONITORING AND REPAIRS 139367 ADVANCED CLEANING SOLUTIONS PO BOX 3223 ALLENTOWN PA 18106 CLEANING SERVICES FOR STUDENT HOUSING 129682 6 2377050 400088 2377050 HOUSING FEES 611710 4263189 4263189 UNIVERSITY SERVICES 611710 1990500 1990500 FESTIVAL RENTAL 611710 18996 18996 6272685 548077 548077 185860 185860 27900 128164 -100264 -100264 -59601 -40663 3369039 2698399 670640 670640 670640 190398 28920 161478 161478 34077 9007 25070 25070 MISCELLANEOUS INCOME 900099 146540 146540 INCREASE IN CASH SURRENDER VALUE 900099 17657 17657 164197 10304793 6272685 126259 1528799 608851 608851 828190 828190 377456 68985 204340 104131 914333 179243 205700 529390 70055 16882 11907 41266 253765 58415 59697 135653 108155 22057 31451 54647 1860 1811 49 37150 36171 979 23528 22907 621 155481 78652 9330 67499 146401 73122 21113 52166 121996 12364 99881 9751 1301135 1301135 58014 21751 8710 27553 16225 3947 2360 9918 1552346 1552346 412036 403105 4544 4387 217018 171662 45356 UBIT TAXES 32442 32442 PROPERTY MANAGEMENT SER 126743 126743 FOOD 120412 101918 2713 15781 TAXES, PERMITS & LICENS 82949 79588 3361 143669 69085 64406 10178 7710210 5778041 868200 1063969 350 340 1136551 1646417 1122373 753291 155486 158525 34873512 32831659 21725 214410 309718 13094582 4433645 9020841 8660937 23197979 24003031 181374 198388 335972 376950 70238848 68960981 313842 292120 7533610 7025880 33473108 31836307 1977635 1890155 7581995 7795229 50880190 48839691 X -4553643 -4538103 6340422 5691326 17571879 18968067 19358658 20121290 70238848 68960981 X 2594583 -934419 -897532 X X 0 1 X 1 0 X 2727421 2723333 2012978 2690364 2377050 12531146 2727421 2723333 2012978 2690364 2377050 12531146 1140424 11390722 339196 446566 587661 565847 569977 2509247 7330 104266 80216 127335 319147 175955 73347 85501 12407 164197 511407 15870947 31114422 0.71770 0.74530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 135751 21725 X X X 1 22384035 1367411 256749 609602 22948603 21149545 1215210 682633 663353 22384035 18065104 847239 2838326 601124 21149545 16219382 490768 1659787 304833 18065104 15096535 1089857 296300 263310 16219382 0.03000 0.97000 0.00000 0 0 3537877 3537877 6005367 2468203 3537164 469271 438400 30871 3082067 1527042 1555025 8660937 ANNUITIES PAYABLE 124286 DUE TO KUTZTOWN UNIVERSITY 1203446 INTEREST RATE SWAPS 5930014 DUE TO KUTZTOWN RESOURCE MANAGEMENT 537483 7795229 X 9700119 -934419 351527 -582892 10283011 21782 21782 10304793 8947835 1245738 1245738 7702097 8113 8113 7710210 PART III, LINE 4: THE PENNSYLVANIA GERMAN CULTURAL HERITAGE CENTER COLLECTION CONSISTS OF STRUCTURES AND ARTIFACTS DEPICTING THE LIFESTYLE OF THE PENNSYLVANIA GERMAN PEOPLE WHO INHABITED THE GREATER KUTZTOWN AREA DURING THE 18TH AND 19TH CENTURIES. THE COLLECTION SUPPORTS KUTZTOWN UNIVERSITY'S PENNSYLVANIA GERMAN STUDIES PROGRAMS AND IS OPEN TO THE COMMUNITY FOR EDUCATIONAL VISITS. PART V, LINE 4: SCHOLARSHIPS FOR STUDENTS ATTENDING KUTZTOWN UNIVERSITY AND TO SUPPORT KUTZTOWN UNIVERSITY'S ACADEMIC PROGRAMS AND DEPARTMENTS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ORGANIZATION, THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENTS OF ACTIVITIES. FOR THE YEARS ENDED JUNE 30, 2016 AND 2015, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION, ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FOUNDATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE FOUNDATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED JUNE 30, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENTS EXPENSE 28,920. KUTZTOWN RESOURCE MANAGEMENT INCOME 358,807. RENTAL EXPENSES 128,165. KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL 738,431. CHANGE IN VALUE OF INTEREST RATE SWAP -857,929. CHANGE IN VALUE OF CHARITABLE GIFT ANNUNITIES -14,094. GAIN/LOSS ON REFUNDING OF DEBT -31,023. GAMBLING EXPENSE 250. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST FROM KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL (ELIMINATED IN CONSOL.) 19,129. ROUNDING 2. TO ELIMINATE CONSOLIDATING ENTRY KPGF 2,651. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENTS EXPENSE 28,920. KUTZTOWN RESOURCE MANAGEMENT EXPENSES 263,033. RENTAL EXPENSES 128,165. KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL 825,370. GAMBLING EXPENSE 250. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -1. BOOK/TAX DEPRECIATION DIFFERENCE 5,514. TO ELIMINATE CONSOLIDATING ENTRY KPGF 2,600. NONE 29757 8907 0 29757 8907 8907 20850 PA 1 0 0 0 1.00000 KAY APPLE WEISENBERGER ALUMNI CENTER PO BOX 1 KUTZTOWN PA 19530 0 0 SCHEDULE G, PART II THE ORGANIZATION HAD MULTIPLE EVENTS, HOWEVER, NO EVENT GROSSED $5,000 INDIVIDUALLY TO BE REPORTED ON THE SCHEDULE G, PART II. 1 KUTZTOWN UNIVERSITY PO BOX 730 KUTZTOWN PA 19530 232710197 501(C)(3) 608851 FMV GRANTS AND DIRECT SUPPORT FOR EDUCATIONAL PURPOSES 1 0 SCHOLARSHIPS TO STUDENTS AT KUTZTOWN UNIVERSITY 698 800587 FMV SCHOLARSHIPS TO STUDENTS AT OTHER INSTITUTIONS 20 27603 FMV PART I, LINE 2: EACH GRANT IS SET UP AS A UNIQUE PROJECT IN THE GENERAL LEDGER, AND THE GRANTEE IS NOTIFIED OF THE AMOUNT OF FUNDING AVAILABLE ALONG WITH THE APPROVED BUDGET AND ALLOWABLE EXPENDITURE CATEGORIES. GRANT PAYMENTS ARE DISBURSED ONLY UPON RECEIVING APPROPRIATE SUPPORTING DOCUMENTATION FROM THE GRANTEE. X 1 1 X 0 0 0 0 0 0 0 0 0 TRACEY THOMPSON EXECUTIVE DIRECTOR 155252 0 0 0 0 0 14641 0 28375 0 198268 0 0 0 EDWARD T RICHMOND CFO 135470 0 0 0 0 0 12585 0 18157 0 166212 0 0 0 A BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 237418629 2012-12-06 30455000 SEE SCHEDULE O 0 0 0 B MAXATAWNY TOWNSHIP MUNICIPAL AUTHORITY 232604048 2016-05-02 7150000 SEE SCHEDULE O 0 0 0 A 5745000 30455000 319155 30135845 2012 1 0 1 1 B 23693 7150000 72250 7057381 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 MORGAN KEEGAN FINANCIAL PRODUCTS 17.000000000000 0 0 0 0 1 B 0 0 1 0 1 1 SANTANDER BANK 10.000000000000 0 0 0 0 1 A 1 B 1 X 4 36700 FMV X 15316 FMV X 12435 FMV X 5 215260 FMV X 2 20400 FMV X MISCELLANEOUS 14 35879 FMV X INSTRUMENTS 5 25875 FMV X FOOD 4 16150 FMV X TICKETS 2 12500 FMV X EQUIPMENT SCIENCE LABS 1 6150 FMV X EVENT DONATIONS 5 3424 FMV 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B NONE OF THE BOARD COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD, ALTHOUGH MINUTES OF ALL COMMITTEE MEETINGS ARE DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS PRESENTED TO THE BOARD OF DIRECTORS. THE PREPARING ACCOUNTANTS REVIEW THE ITEMS CONTAINED THEREIN AT THE MEETING AND THE BOARD ACCEPTS THE FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COMMITTEE ON DIRECTORS, WITH THE ASSISTANCE OF THE FOUNDATION'S EXECUTIVE STAFF, COLLECTS AND REVIEWS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15A BEGINNING FEBRUARY 2011, THE EXECUTIVE DIRECTOR OF THE FOUNDATION IS EMPLOYED BY THE KUTZTOWN UNIVERSITY FOUNDATION. AS SUCH, COMPENSATION IS APPROVED BY THE BOARD AND PAID BY THE FOUNDATION. THE CHIEF FINANCIAL OFFICER'S SALARY IS APPROVED BY THE BOARD AS PART OF THE OPERATING BUDGET. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS LISTED ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN VALUE OF CHARITABLE GIFT ANNUITIES -14,094. CHANGES IN VALUE OF INTEREST RATE SWAPS -857,929. BOOK/TAX DEPRECIATION DIFFERENCE 5,514. GAIN/LOSS ON REFUNDING DEBT -31,023. FORM 990, PART XI, LINE 2C THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS WERE PREPARED ON A CONSOLIDATED BASIS. THE FOUNDATION DOES HAVE AN AUDIT COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. SCHEDULE K, PART I, BOND A, COLUMN F THE PURPOSE OF THE BOND WAS TO FINANCE THE ACQUISITION AND DEVELOPMENT OF A 45-BED DORMITORY AND OFFICE BUILDING, ANOTHER OFFICE BUILDING AND A PARKING LOT FOR THE UNIVERSITY. SCHEDULE K, PART I, BOND C, COLUMN F THE PURPOSE OF THE BOND WAS TO FINANCE THE CONSTRUCTION OF THE 1,039 BED GOLDEN BEAR VILLAGE SOUTH STUDENT RESIDENCE COMPLEX. SCHEDULE K, PART I, BOND B, COLUMN F THE PURPOSE OF THE BOND WAS TO FINANCE CAPITAL IMPROVEMENTS TO GOLDEN BEAR VILLAGE SOUTH. KUTZTOWN RESOURCE MANAGEMENT WIESENBERGER ALUMNI CENTER PO BOX 1 KUTZTOWN PA 19530 232801872 STUDENT HOUSING PA 501(C)(3) 170(B)(1) (A)(IV) KUTZTOWN UNIVERSITY FOUNDATION 0 KUTZTOWN UNIVERSITY PO BOX 730 KUTZTOWN PA 19530 232710197 UNIVERSITY PA 501(C)(3) 170(B)(1) (A)(II) N/A 0 KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC WIESENBERGER ALUMNI CENTER PO BOX 3 KUTZTOWN PA 19530 232801648 GERMAN CULTURE EDUCATION PA 501(C)(4) KUTZTOWN UNIVERSITY FOUNDATION 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 KUTZTOWN UNIVERSITY B 608851 FMV KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC D 612717 FMV KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC O 191816 FMV KUTZTOWN UNIVERSITY E 1203447 FMV KUTZTOWN RESOURCE MANAGEMENT E 537483 FMV KUTZTOWN PENNSYLVANIA GERMAN FESTIVAL INC E 151187 FMV