2016-01-20T09:20:58-06:00 2015-06-30 520783935 SMITH ELLIOTT KEARNS & COMPANY LLC 480 N POTOMAC ST HAGERSTOWN MD 21740 990 2014-07-01 556020064 SHEPHERD UNIVERSITY FOUNDATION INC SHEP 3048765391 PO BOX 5000 SHEPHERDSTOWN WV 25443 MONICA W LINGENFELTER EXECUTIVE VICE PRESIDENT 3048765391 2016-01-16 true WILLIAM F FRITTS II CPA P00003567 3017335020 2016-01-16 2014 2016-04-25 22:37:26Z MONICA W LINGENFELTER MCMURRAN HALL SHEPHERDSTOWN WV 25443 13383474 false X WWW.SHEPHERD.EDU/FNDTNWEB/ X 1961 WV PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV AND PROVIDE ASSISTANCE AND SUPPORT FOR FACULTY, FACILITIES AND PROGRAMS OF THE UNIVERSITY. 27 27 6 110 0 4894536 1546376 0 527706 1122987 25073 -1225 5447315 2668138 1315523 1540029 0 364169 377543 0 0 288380 267084 1968072 2184656 3479243 483482 30736312 28881942 2622459 2174966 28113853 26706976 PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV AND PROVIDE ASSISTANCE AND SUPPORT FOR FACULTY, FACILITIES AND PROGRAMS OF THE UNIVERSITY. false false 1445617 1445617 SCHOLARSHIPS & AWARDS - SHEPHERD UNIVERSITY STUDENTS 94412 94412 GENERAL UNIVERSITY SUPPORT 1540029 true true false false false false false false true true true false false false true true true false false false false false false false true false false true true false false false false false false false false false true true false false false false false false false true 10 0 true 6 false false false false false false false false false false false false false X 27 27 false false false false false false false true true false false true true true true true true true false false X X X MONICA W LINGENFELTER 3048765397 SHEPHERD UNIVERSITY SHEPHERDSTOWN WV 25443 MICHAEL A SMITH PRESIDENT 5.00 X X 0 0 0 RAMON A ALVAREZ VICE-PRESIDE 3.00 X X 0 0 0 ALLENL LUECK SECRETARY 1.00 X X 0 0 0 JULIA M CONNELL TREASURER 1.00 X X 0 0 0 TIMOTHY MCSHEA DIRECTOR 1.00 X 0 0 0 SUSAN MENTZER-BLAIR DIRECTOR 1.00 X 0 0 0 KENNETH J BOONE DIRECTOR 1.00 X 0 0 0 JOHN F BEATTY DIRECTOR 1.00 X 0 0 0 KENNETH E HARBAUGH DIRECTOR 1.00 X 0 0 0 BRIAN K JACKSON DIRECTOR 1.00 X 0 0 0 STEPHEN G SKINNER DIRECTOR 1.00 X 0 0 0 TONY W PRICE DIRECTOR 1.00 X 0 0 0 J DAVID RICKARD DIRECTOR 1.00 X 0 0 0 MARY ELIZABETH OATES DIRECTOR 1.00 X 0 0 0 GINA M MILLER DIRECTOR 1.00 X 0 0 0 DR HEIDI M HANRAHAN DIRECTOR 1.00 X 0 0 0 KARL L WOLF DIRECTOR 1.00 X 0 0 0 ERIC J LEWIS DIRECTOR 1.00 X 0 0 0 DR DAVID B WING DIRECTOR 1.00 X 0 0 0 JERRY P KERR DIRECTOR 1.00 X 0 0 0 ELIZABETH S LOWE DIRECTOR 1.00 X 0 0 0 ANDREW D MICHAEL DIRECTOR 1.00 X 0 0 0 ROBERT H JENSENIUS DIRECTOR 1.00 X 0 0 0 JULIE E ST MARIE DIRECTOR 1.00 X 0 0 0 LARRY A STRITE DIRECTOR 1.00 X 0 0 0 WILLIAM E KNODE DIRECTOR 1.00 X 0 0 0 DR JASON BEST DIRECTOR 1.00 X 0 0 0 CHRISTOPHER S COLBERT DIRECTOR-AT- 1.00 X 0 0 0 DIANE E MELBY DIRECTOR-AT- 1.00 X 0 0 0 DR SUZANNE SHIPLEY DIRECTOR-AT- 1.00 X 0 0 0 WANDA G SMITH DIRECTOR-AT- 1.00 X 0 0 0 MONICA W LINGENFELTER EXECUTIVE VI 40.00 X 123930 0 8819 CATHY NEVY COMPTROLLER 40.00 X 71400 0 1661 195330 10480 1 false false false 23050 1523326 173006 1546376 619380 619380 11199314 10695707 503607 503607 503607 16800 23050 19629 -2829 -2829 MISCELANEOUS 900099 1604 1604 1604 2668138 1121762 94412 94412 1445617 1445617 210624 210624 127200 127200 1919 1919 13282 13282 24518 24518 403 403 19405 19405 149545 149545 2919 2919 46817 46817 1983 1983 1146 1146 2733 2733 5275 5275 PROGRAM DEVELOPMENT 19105 19105 CHANGE IN GIFT ANNUITIES 10910 10910 SHINDLER HOUSE 4005 4005 ADMINISTRATIVE 1630 1630 1208 1208 2184656 1540029 644627 0 2505383 2768620 3324650 3318446 32843 6136 1582 1582 228317 102039 131745 126278 24403892 22308938 302653 318582 33564 33360 30736312 28881942 9056 15970 2444417 2012091 168986 146905 2622459 2174966 X -2388213 -4567872 6364814 6737382 24137252 24537466 28113853 26706976 30736312 28881942 483482 -1890359 X false true X true false X 1860110 2295280 1972867 4894536 1546376 12569169 1860110 2295280 1972867 4894536 1546376 12569169 1832659 10736510 518522 602187 533172 501496 619380 2774757 1604 1604 15345530 0.69970 0.65900 X PART II, LINE 10 MISCELLANEOUS 1,604 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 24137252 375182 25032 24537466 23268017 849076 20159 24137252 22071980 1180821 15216 23268017 20578440 1488412 18174 13046 22071980 20073694 493810 18357 7421 20578440 1.00000 false false 40000 40000 160202 79433 80769 28115 22606 5509 126278 GIFT ANNUITIES PAYABLE 146905 146905 X 790940 -1890359 22365 -9204 -1877198 2668138 2668138 2197817 22365 22365 2175452 9204 9204 2184656 SCHEDULE D, PAGE 2, PART IV, LINE 2B CUSTODIAL ACCOUNTS REPRESENTING FUNDS HELD BY THE FOUNDATION ON BEHALF OF SHEPHERD UNIVERSITY AND/OR DEPARTMENTS OF THE UNIVERSITY ARE REPORTED AS CUSTODIAL LIABILITIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT AND ADMINISTRATION OF THESE FUNDS. SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S ENDOWMENTS CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED TO PROVIDE INVESTMENT INCOME FOR THE FOUNDATION'S OPERATIONS. SCHEDULE D, PAGE 3, PART X THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX. THE FOUNDATION FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX MATTERS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. GENERALLY, THE TAX YEARS BEFORE 2012 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAXING AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D EXPENSES NETTED WITH OTHER INCOME -9,204 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES NETTED WITH OTHER INCOME 9,204 GALA EVENT 39850 23050 16800 489 13093 3200 2847 39850 23050 16800 489 13093 3200 2847 19629 -2829 false SHEPHERD UNIVERSITY 301 NORTH KING STREET SHEPHERDSTOWN WV 25443 556000799 94412 GENERAL EXPENSES SCHOLARSHIPS & AWARDS FOR 510 1445617 X 4 72000 APPRAISED FMV X 4210 ESTIMATED FMV X 3065 ESTIMATED FMV X 9 77623 FMV - NYSE X 1 15928 FMV X GIFT CARD 1 180 FMV - ACTUAL COST false false false FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE VICE PRESIDENT. THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE EXECUTIVE AND AUDIT COMMITTEES FOR REVIEW BEFORE RETURN IS FILED. THE PUBLIC DISCLOSURE COPY IS KEPT ON FILE IN THE SHEPHERD UNIVERSITY FOUNDATION OFFICES. FORM 990, PAGE 6, PART VI, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS REVIEWED BY THE EXECUTIVE BOARD ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 18 THE ORGANIZATION MAKES THE FORMS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO POSTED ON THE GUIDESTAR.ORG WEBSITE WHICH CONTAINS NUMEROUS OTHER FORM 990 NON-PROFIT TAX RETURNS AND IS AVAILABLE FOR ANYONE IN THE PUBLIC TO VIEW. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES THE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 EXPENSES NETTED WITH OTHER INCOME -9,204 EXPENSES NETTED WITH OTHER INCOME 9,204