2015-05-13T13:42:52-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2013-07-01 382953297 EASTERN MICHIGAN UNIVERSITY FOUNDATION EAST 7344841322 1349 SOUTH HURON STREET YPSILANTI MI 48197 LAURA WILBANKS CHIEF FINANCIAL OFFICER 7344841322 2015-05-13 1 LYNNE HUISMANN P00053811 2483757100 2013 2016-02-25 16:41:14Z LINDA MCGILL 1349 SOUTH HURON STREET YPSILANTI MI 48197 31412165 0 X WWW.EMUFOUNDATION.ORG X 1990 MI EASTERN MICHIGAN UNIVERSITY FOUNDATION'S PRIMARY PURPOSE IS TO SOLICIT PRIVATE FUNDS ON BEHALF OF AND FOR THE EXCLUSIVE BENEFIT OF EASTERN MICHIGAN UNIVERSITY, AND TO EXPAND ITS RESOURCE BASE THROUGH THE MANAGEMENT OF ASSETS AND THE INVESTMENT AND DISBURSEMENT OF FUNDS. 25 25 40 150 0 0 4117025 6217245 1828000 1793000 3897099 5981818 8706 460 9850830 13992523 4028896 5464020 0 0 2372664 2348909 0 109556 1985157 1389228 1337869 7790788 9260354 2060042 4732169 60838046 70918238 891119 1116002 59946927 69802236 X THE EASTERN MICHIGAN UNIVERSITY FOUNDATION, THROUGH COLLABORATIVE RELATIONSHIPS WITH INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND OTHER ORGANIZATIONS, CREATES OPPORTUNITIES THAT WILL PROVIDE ADDITIONAL SUPPORT TO THE STUDENTS, PROGRAMS, SERVICES AND EDUCATIONAL COMMUNITY OF EASTERN MICHIGAN UNIVERSITY. THE EASTERN MICHIGAN UNIVERSITY FOUNDATION WILL ACHIEVE ITS MISSION THROUGH IMAGE ENHANCEMENT, EFFECTIVE ASSET MANAGEMENT, ENTREPRENEURIAL EFFORTS AND DEVELOPMENT ACTIVITIES. 0 0 4053324 4053324 1793000 GIFT ALLOCATION TO EMU-THE FOUNDATION RECEIVES GIFTS ON BEHALF OF EMU. GIFTS DESIGNATED AS EXPENDABLE SCHOLARSHIPS & PROGRAM SERVICES ARE COLLECTED BY THE FOUNDATION AND DIRECTLY DISBURSED TO EMU. ALL OTHER GIFTS ARE ENDOWED/INVESTED FOR FUTURE DISBURSEMENT. 1410696 1410696 ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. 5464020 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 4 0 1 40 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MI X LAURA WILBANKS 7344841322 1349 S HURON STREET YPSILANTI MI 48197 WILLIAM BRICKLEY CHAIR 1.00 0.00 X X 0 0 0 RONALD REED PAST CHAIR 1.00 0.00 X X 0 0 0 BRENDA ALTEN VICE CHAIR 1.00 0.00 X X 0 0 0 JOSEPH CHRZANOWSKI TREASURER 1.00 0.00 X X 0 0 0 PATRICK BARRY JR TRUSTEE 0.50 0.00 X 0 0 0 GEORGE COGAR TRUSTEE 0.50 0.00 X 0 0 0 THOMAS GWALTNEY TRUSTEE 0.50 0.00 X 0 0 0 VICKIE HALL TRUSTEE 0.50 0.00 X 0 0 0 EARLE HIGGINS TRUSTEE 0.50 0.00 X 0 0 0 ABE KARAM TRUSTEE 0.50 0.00 X 0 0 0 MOLLY LUEMPERT-COY TRUSTEE 0.50 0.00 X 0 0 0 DAVID MAMUSCIA TRUSTEE 0.50 0.00 X 0 0 0 SUSAN MARTIN TRUSTEE 0.50 0.00 X 0 0 0 DANIEL MCCLORY TRUSTEE 0.50 0.00 X 0 0 0 DESMOND MILLER TRUSTEE 0.50 0.00 X 0 0 0 DARA MUNSON TRUSTEE 0.50 0.00 X 0 0 0 SANDY NORTON TRUSTEE 0.50 0.00 X 0 0 0 SHERWIN PRIOR TRUSTEE 0.50 0.00 X 0 0 0 GREGORY SHELDON TRUSTEE 0.50 0.00 X 0 0 0 INGRID SHELDON TRUSTEE 0.50 0.00 X 0 0 0 EDWARD SUROVELL TRUSTEE 0.50 0.00 X 0 0 0 JACLYNN TRACY TRUSTEE 0.50 0.00 X 0 0 0 EVELYN TUCKER TRUSTEE 0.50 0.00 X 0 0 0 JAMES WEBB TRUSTEE 0.50 0.00 X 0 0 0 JUDITH WOLLACK TRUSTEE 0.50 0.00 X 0 0 0 THOMAS STEVICK VP FOR ADV/EXEC DIR EMUF-PART YEAR (THRU 5/2/14) 40.00 0.00 X 225262 0 87852 LINDA MCGILL INTERIM VP FOR ADVANC/EXEC DIR EMUF 40.00 0.00 X 0 0 0 LAURA WILBANKS CFO 40.00 0.00 X 114239 0 7266 JILL HUNSBERGER CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 100535 0 25908 440036 0 121026 3 0 1 0 UBS FINANCIAL SERVICES INC 3455 PEACHTREE ROAD NE SUITE 1700 ATLANTA GA 30326 INVESTMENT CONSULTING, ASSET MANAGEMENT 397311 WILSON-BENNETT TECHNOLOGY INC 140 PROFESSIONAL DRIVE SUITE 2 CABOT AR 72023 PHONATHON SERVICES 109556 2 103063 6114182 1251093 6217245 EASTERN MI UNIV. FEES 900099 1793000 1793000 1793000 1475030 1475030 43293 50587 -7294 -7294 -7294 21799692 17292904 4506788 4506788 4506788 77712 103063 76151 1561 1561 OTHER REVENUE 900099 6193 6193 6193 13992523 1793000 0 5982278 5464020 5464020 122006 122006 1696880 643756 1053124 62592 27352 35240 348800 168982 179818 118631 50206 68425 4689 3519 1170 50900 50900 109556 109556 455247 455247 27994 22733 5261 2538 2538 252345 53706 198639 95823 63882 31941 44758 751 44007 30 30 86437 51113 35324 32751 26868 5883 MEALS & ENTERTAINMENT 105696 2096 103600 INTEREST/CLOSING COSTS 89094 59396 29698 FUNDRAISING EXPENSE 38668 38668 RESEARCH 24430 24430 26469 8664 17805 9260354 5464020 1811177 1985157 1017935 2499275 509480 518525 4105532 1563739 2573130 2541793 56330184 64939390 55000 55000 352317 364255 60838046 70918238 353559 537692 537560 578310 891119 1116002 X 1140618 1694090 17830983 25977944 40975326 42130202 59946927 69802236 60838046 70918238 X 4732169 4839837 283303 X X 0 1 X 1 0 X 5329377 6836983 7188155 4117025 6217245 29688785 5329377 6836983 7188155 4117025 6217245 29688785 1262043 28426742 1252964 1126156 1227902 1408720 1518323 6534065 50638 71235 65933 66128 83905 337839 36560689 8854000 0.77750 0.75780 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER FUNDRAISING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57340579 1578461 10219809 1117902 292794 1309358 66418795 50756583 1932118 7371957 1030859 271304 1417916 57340579 49442261 4348793 -209697 -1077055 -370969 -1376750 50756583 39675569 3556304 9082314 -996170 -387255 -1488501 49442261 35808943 1466560 5095977 -971364 -203674 -1520873 39675569 0.01000 0.99000 0.00000 0 0 612334 612334 2307423 704153 1603270 1185775 859586 326189 2541793 SPLIT INTEREST AGREEMENT 578310 578310 X PART V, LINE 4: THE ENDOWMENTS MANAGED BY THE EMU FOUNDATION ARE INTENDED TO BE USED TO SUPPORT STUDENTS, FACULTY AND PROGRAMS AT EASTERN MICHIGAN UNIVERSITY. THE MAJORITY OF THE ENDOWMENTS WERE ESTABLISHED WITH VERY SPECIFIC DONOR RESTRICTIONS REGARDING HOW THE AVAILABLE FUNDING CAN BE USED. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2011. X X X X X X 1 WILSON-BENNETT TECHNOLOGY INC 140 PROFESSIONAL DRIVE SUITE 2 CABOT AR 72023 PHONATHON SERVICES 0 111458 109556 1902 111458 109556 1902 MI GREG O'DELL MEMORIAL GOLF OUTING 52665 36335 16330 944 5940 1251 EMU CONSTRUCTORS GOLF OUTING 43954 21610 22344 2037 65 11480 924 4 84156 45118 39038 4733 2884 22213 20498 3182 180775 103063 77712 6770 2884 23222 37918 5357 76151 1561 1 EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 4053324 GIFT ALLOCATION TO EMU. EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 1410696 ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. 1 PART I, LINE 2: THE EASTERN MICHIGAN UNIVERSITY FOUNDATION ACTS AS AN AGENT ON BEHALF OF EASTERN MICHIGAN UNIVERSITY (EMU). GIFTS RECEIVED FOR THE BENEFIT OF EMU STUDENTS AND PROGRAMS ARE RECEIVED BY THE EMU FOUNDATION, THE DONORS ARE RECEIPTED AND THE FUNDS ARE TRANSFERRED TO EMU WHERE SPENDING IS MONITORED BY THE EMU ACCOUNTING DEPARTMENT. WITH RESPECT TO ENDOWMENT SPENDING, THE EMU FOUNDATION PROVIDES EMU WITH AN ANNUAL SPENDING BUDGET FOR EACH ENDOWMENT. SPENDING IS MONITORED BY EMU ACCOUNTING AND AT THE END OF EACH FISCAL YEAR EMU WILL INVOICE THE EMU FOUNDATION FOR SPENDING WHICH HAS TAKEN PLACE. ONCE THAT INVOICE HAS BEEN RECONCILED AGAINST THE BUDGET, THE EMU FOUNDATION WILL REIMBURSE EMU FROM THE APPROPRIATE ENDOWMENT ACCOUNTS. 0 0 0 0 0 0 0 0 0 THOMAS STEVICK VP FOR ADV/EXEC DIR EMUF-PART YEAR ( 225262 0 0 0 0 0 24442 0 63410 0 313114 0 0 0 PART I, LINE 3 THE VP FOR ADVANCEMENT/EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE WAS APPROVED BY EASTERN MICHIGAN UNIVERSITY, AN UNRELATED ORGANIZATION. EASTERN MICHIGAN UNIVERSITY DOES HAVE THE BOARD OR COMPENSATION COMMITTEE APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION. X 2 754689 APPRAISAL X 15 351404 FAIR MARKET VALUE X VARIOUS 199 145000 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS PART I, LINE 32B: THE EMU FOUNDATION DOES NOT USE A THIRD PARTY TO SOLICIT GIFTS OF STOCK; THESE GIFTS ARE SOLICITED BY OUR DEVELOPMENT STAFF JUST LIKE ANY OTHER GIFTS WOULD BE. THE FOUNDATION DOES HAVE A BROKERAGE ACCOUNT SET UP IN WHICH GIFTS OF STOCK ARE TRANSFERRED TO. AFTER THE STOCK TRANSFER HAS SETTLED, THE EMU FOUNDATION CFO INITIATES THE SALE OF STOCK AS SOON AS POSSIBLE AFTER THE STOCK IS RECEIVED (USUALLY THE NEXT BUSINESS DAY). THE BROKER THEN SELLS THE STOCK. THE NET PROCEEDS FROM THE STOCK SALE ARE THEN TRANSFERRED INTO THE EMU FOUNDATION'S CHECKING ACCOUNT. FORM 990, PART VI, SECTION A, LINE 2 SUSAN MARTIN, SANDY NORTON, JACLYN TRACY, PATRICK BARRY, LINDA MCGILL AND THOMAS STEVICK HAVE A BUSINESS RELATIONSHIP, THEY ARE ALL EMPLOYED BY EASTERN MICHIGAN UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A FULL BOARD OF TRUSTEES MUST APPROVE/ELECT INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. EASTERN MICHIGAN UNIVERSITY HAS THE RIGHT TO NAME SEVERAL OF THE TRUSTEES OF THE EMU FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE CFO PROVIDES A DRAFT COPY OF THE 990 TO ALL MEMBERS OF THE INVESTMENT & FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR REVIEW. THE CFO DOES NOT SIGN THE RETURN ON BEHALF OF THE FOUNDATION UNTIL ALL MEMBERS OF THESE COMMITTEES CONFIRMED VIA EMAIL THAT THEIR REVIEW WAS COMPLETE AND THAT ANY QUESTIONS THEY HAD WERE ADDRESSED SATISFACTORILY. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ON AN ANNUAL BASIS, WITH THE UNDERSTANDING THAT THIS QUESTIONNAIRE SHOULD BE COMPLETED AND RETURNED TO THE EMU FOUNDATION. REMINDERS ARE SENT PERIODICALLY DURING THE YEAR TO ENSURE THAT QUESTIONNAIRES HAVE BEEN RECEIVED BY ALL VOTING MEMBERS OF THE BOARD. ANY VOTING TRUSTEE WHO HAS A POSSIBLE CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER SHALL NOT VOTE OR EXERCISE HIS OR HER PERSONAL INFLUENCES IN THE DISPOSITION OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE WAS APPROVED BY EASTERN MICHIGAN UNIVERSITY. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET AND REVIEWED ANNUALLY BY THE EXECUTIVE DIRECTOR OF THE EMU FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF INSURANCE 14,421. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -51,944. EQUITY TRANSFERS FROM RELATED ORGANIZATION 320,826. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. PLANNED REAL ESTATE CORP 1349 SOUTH HURON ST YPSILANTI MI 48197 383505090 TITLE HOLDING COMPANY MI IRC SEC. 501(C)(2) EASTERN MICHIGAN UNIVERSITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0