2014-02-12T17:01:00-06:00 2013-06-30 450250958 EIDE BAILLY LLP 5299 DTC BLVD STE 1000 GREENWOOD VILLAGE CO 80111 990 2012-07-01 840576459 METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION INC METR 3035568424 PO BOX 173362 CAMPUS BOX 14 DENVER CO 802173362 COURTNEY COWGILL 3035568424 2014-02-10 1 KIM HUNWARDSEN CPA P00484560 3037705700 2014-02-10 2012 2015-11-30 17:44:51Z COURTNEY COWGILL PO BOX 173362 CAMPUS BOX 14 DENVER CO 802173362 5184583 0 X WWW.MSUDENVER.EDU/FOUNDATION X 1967 CO PROMOTE THE GENERAL WELFARE AND DEVELOPMENT OF THE METROPOLITAN STATE COLLEGE OF DENVER. 30 30 0 30 0 0 4635317 2943555 344590 411951 156068 458617 172655 62640 5308630 3876763 2231737 3165000 0 0 0 0 0 0 0 445278 713313 2677015 3878313 2631615 -1550 12196140 13044516 280862 1437189 11915278 11607327 X METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION, INC. IS A NON-PROFIT CORPORATION ORGANIZED AND OPERATED TO PROMOTE THE GENERAL WELFARE AND DEVELOPMENT OF THE METROPOLITAN STATE COLLEGE OF DENVER THROUGH EFFORTS INCLUDING STRATEGIC PLANNING, FUNDRAISING AND PROGRAM SUPPORT. 0 0 3448636 3165000 411951 FUNDS ARE RAISED FOR THE BENEFIT OF THE STUDENTS, FACULTY, AND ADMINISTRATION OF THE METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION, INC. FUNDS ARE ALSO USED TO PUBLICIZE, PROMOTE AND SUPPORT THE ADVANCEMENT OF THE COLLEGE. 3448636 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CO X STEPHEN DEVISSER 3035565100 PO BOX 173362 CAMPUS BOX 14 DENVER CO 80217 X JEROME DAVIS 1.00 X X 0 0 0 JAMES MULLIGAN 1.00 X X 0 0 0 JON ROBINSON 1.00 X X 0 0 0 COURTNEY COWGILL 1.00 X X 0 0 0 EVI MAKOVSKY 1.00 X X 0 0 0 NAVIN C DIMOND 1.00 X 0 0 0 ROBERT GRABOWSKI 1.00 X 0 0 0 DAVID LAUNDY 1.00 X 0 0 0 DONALD MARSHALL 1.00 X 0 0 0 BRUCE ODONNELL 1.00 X 0 0 0 JESSE MORREALE 1.00 X 0 0 0 CINDY PARSONS 1.00 X 0 0 0 JEFF POTTER 1.00 X 0 0 0 ROBIN SADLER 1.00 X 0 0 0 TOM ROMER 1.00 X 0 0 0 CHRIS SILVESTRI 1.00 X 0 0 0 RAYMOND SUTTON JR 1.00 X 0 0 0 RON TILTON 1.00 X 0 0 0 FAYE TATE 1.00 X 0 0 0 MARILEE UTTER 1.00 X 0 0 0 BILL VIDAL 1.00 X 0 0 0 CHARLIE WALLING 1.00 X 0 0 0 SCOTT APPLEGATE 1.00 X 0 0 0 FERD BELZ 1.00 X 0 0 0 DAVID FINE 1.00 X 0 0 0 WILLIAM HANZLIK 1.00 X 0 0 0 STEPHEN M JORDAN PHD 1.00 X 0 0 0 PETER KARPINSKI 1.00 X 0 0 0 JON KINNING 1.00 X 0 0 0 PHIL RIVARD 1.00 X 0 0 0 ERIN TRAPP PHD 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2943555 599082 2943555 UNIVERSITY DEPARTMENT EVENTS 900099 411951 411951 411951 375903 375903 127781 65141 62640 62640 62640 1325393 1242679 82714 82714 82714 3876763 411951 0 521257 3165000 3165000 16434 16434 119791 119791 214485 214485 17624 17624 8274 8274 2485 2485 7843 7843 IN-KIND EXPENSES 161542 161542 UNIVERSITY DEPARTMENT E 114344 114344 DISCRETIONARY EXPENSES 31896 31896 BAD DEBT 7750 7750 10845 10845 3878313 3448636 429677 0 1835676 1531853 261629 67743 1869868 1274740 15246 2225 1792748 138734 1428728 1654014 6471195 8398048 313798 115893 12196140 13044516 277666 1384287 3196 52902 280862 1437189 X 1863025 1802760 5473301 8550655 4578952 1253912 11915278 11607327 12196140 13044516 -1550 124736 -431137 0 X 0 1 X 1 0 X 1847577 2382758 2846719 4635317 2943555 14655926 790190 915815 1214867 2769419 1190720 6881011 2637767 3298573 4061586 7404736 4134275 21536937 1664129 19872808 234435 188042 206700 268173 503684 1401034 22937971 1582814 0.86640 0.91100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 263950 X 0 4578952 531383 365054 117585 5357804 4457114 377236 -174187 81211 4578952 3554765 517070 525535 140256 4457114 3213447 253317 406223 318222 3554765 3865704 102135 -547505 206887 3213447 0.77890 0.22110 0 0 456400 456400 1072398 138734 933664 263950 263950 1654014 ANNUITY PAYABLE 52902 52902 X 5043744 124736 1211239 -114344 1221631 3822113 119791 -65141 54650 3876763 4920558 1211239 65141 1276380 3644178 119791 114344 234135 3878313 PART III, LINE 4: THE FOUNDATION'S COLLECTION CONSIST OF SCULPTURES, PAINTINGS, AND OTHER ARTWORK. THE OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF ART CONTRIBUTES IMPORTANTLY TO THE ACHIEVEMENT OF THE INSTITUTION'S EDUCATIONAL PURPOSES BY ENHANCING PUBLIC AWARENESS AND INTEREST. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT ("ENDOWMENT") IS COMPOSED OF APPROXIMATELY 130 INDIVIDUAL ENDOWMENT FUNDS PRIMARILY TO PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS OF THE UNIVERSITY, AND SUPPORT FOR ACADEMIC DEPARTMENTS, STUDENT ACTIVITIES, AND OTHER PURPOSES OF THE UNIVERSITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(IV), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE LLC IS TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES, AND IS INCORPORATED INTO THE TAX RETURN FILED BY THE FOUNDATION. THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS.THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: ($114,344) - EXPENSES NETTED WITH INCOME ON FINANCIALS PART XI, LINE 4B, OTHER ADJUSTMENTS: ($65,141) - RENTAL EXPENSES NETTED WITH INCOME ON THE 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: $65,141 - RENTAL EXPENSES NETTED WITH INCOME ON THE 990 PART XII, LINE 4B - OTHER ADJUSTMENTS: $114,344 - EXPENSES NETTED WITH INCOME ON FINANCIALS 0 METROPOLITAN STATE UNIVERSITY OF DENVER PO BOX 173362 DENVER CO 80217 840559160 3165000 THE FUNDS WERE USED BY THE UNIVERSITY TO AWARD SCHOLARSHIPS TO 533 INDIVIDUALS. 1 0 THE FOUNDATION ENSURES THAT THE UNIVERSITY USES THE FUNDS FOR THEIR INTENDED PURPOSE BY: 1. AWARDING SCHOLARSHIPS THROUGH THE UNIVERSITY'S SCHOLARSHIP CENTER AND CREDITING TO STUDENT ACCOUNTS. 2. SEGREGATING MONIES RECEIVED FOR SCHOLARSHIPS IN A SEPARATE FUND FROM NON-SCHOLARSHIP AMOUNTS. 3. USING A SEPARATE CODE TO DISTINGUISH SCHOLARSHIP FUNDS FROM OTHER TYPES OF ACCOUNTS PAYABLE. 4. THE MANAGER OF SCHOLARSHIPS WORKING WITH THE DONOR, THE FOUNDATION AND THE SCHOLARSHIP CENTER TO ENSURE THAT ALL AVAILABLE FUNDS ARE AWARDED WHEN POSSIBLE. 5. INFORMING DONORS OF THE RESULTS OF THEIR STUDENT RECIPIENTS. X 2 437542 FAIR MARKET VALUE X EQUIPMENT AND FURNITURE 5 105390 PURCHASE PRICE X FRANCHISE APPLICATION FEE 1 29780 COST TO DONOR X TICKETS AND MEMBERSHIPS 4 3958 PURCHASE PRICE X SUPPIES AND OTHER MISCELLANEOUS ITEMS 5 3611 PURCHASE PRICE X GIFT CERTIFICATES AND GIFT BASKETS 122 18802 PURCHASE PRICE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION IS MANAGED BY AN EXECUTIVE COMMITTEE COMPRISED OF THE BOARD'S CHAIR, VICE-CHAIR, SECRETARY, AND TREASURER. EX-OFFICIO MEMBERS OF THE BOARD OF DIRECTORS ALSO PARTICIPATE, BUT AS NON-VOTING MEMBERS. THE COMMITTEE IS EMPOWERED TO CONDUCT THE FOUNDATION'S BUSINESS BETWEEN REGULAR BOARD MEETINGS AND HAS ALL THE AUTHORITY OF THE BOARD EXCEPT THAT IT SHALL NOT AUTHORIZE DISTRIBUTIONS; ELECT, APPOINT OR REMOVE ANY DIRECTOR; AMEND THE ARTICLES; ADOPT, AMEND OR REPEAL THE BYLAWS; APPROVE A PLAN OF CONVERSION OR PLAN OF MERGER; OR APPROVE A SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, OF ITS PROPERTY, WITH OR WITHOUT GOODWILL, OTHERWISE THAN IN THE USUAL AND REGULAR COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 IN DETAIL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND BOARD MEMBERS OF THE FOUNDATION ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY, WHICH IS KEPT ON FILE. AT THE BEGINNING OF EACH BOARD MEETING, THE CHAIRMAN OF THE BOARD OF DIRECTORS ASKS FOR ANY NEW CONFLICTS TO BE DISCLOSED. THIS IS NOTED IN THE MINUTES FROM THE MEETING. ALL INDIVIDUALS COVERED BY THE POLICY HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. IF A POTENTIAL CONFLICT OF INTEREST EXISTS THE INDIVIDUAL(S) WILL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION OF THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSIONS OF, AND THE VOTE, ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRMAN OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED BOARD OF DIRECTOR(S) WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION THE BOARD OF DIRECTORS SHALL MAKE ITS DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES AVAILABLE ITS FORM 1023, FORM 990 AND AUDITED FINANCIAL STATEMENTS UPON REQUEST. ITS GOVERNING DOCUMENTS AND POLICIES ARE NOT AVAILABLE TO THE PUBLIC UPON REQUEST. 965 SANTA FE LLC 1512 LARIMER STREET SUITE 900 DENVER CO 80204 271282938 RENT THE CENTER FOR VISUAL ARTS TO THE METROPOLITAN STATE UNIVERSITY CO 127781 1549304 METROPOLITAN STATE UNIVERSITY OF DENVER FOUNDATION INC CHARITABLE REMAINDER TRUST PO BOX 173362 CAMPUS BOX 14 DENVER CO 80217 CHARITABLE REMAINDER TRUST CA N/A T 98211 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0