2014-03-10T14:05:49-05:00 2013-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2012-07-01 846044833 UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC UNIV 9703512034 JUDY FARR CENTER 1620 RESERVOIR ROAD GREELEY CO 80631 CYNTHIA EVANS 9703512034 2014-03-10 1 CRAIG R CHOUN P00173718 3037409400 2012 2015-11-30 17:44:51Z RODNEY ESCH 1620 RESERVOIR ROAD GREELEY CO 80631 97531391 0 X WWW.UNCFOUNDATION.ORG X 1966 CO TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO. 9 9 9 12 162337 -21694 4866253 12368913 0 0 4715765 7253269 534172 1132765 10116190 20754947 9357324 6964885 0 0 648769 607204 0 0 1570546 2107118 2184374 12113211 9756463 -1997021 10998484 95406628 107572741 2126516 2049517 93280112 105523224 TO PROVIDE FINANCIAL SUPPORT TO THE STUDENTS, FACULTY AND ADMINISTRATION OF THE UNIVERSITY OF NORTHERN COLORADO BY PRUDENT INVESTMENT AND MANAGEMENT OF ASSETS GIVEN TO THE FOUNDATION FOR THE UNIVERSITY'S BENEFIT. 0 0 6964885 6964885 THE FOUNDATION TRANSFERRED APPROXIMATELY $7,000,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $3,000,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $4,000,000 WENT TO PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC. 6964885 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 9 0 1 9 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CT HI IL KY ME MD MA MI NJ NY ND OK OR SC WA X X GENEVE MONNES 9703512034 1620 RESERVOIR ROAD GREELEY CO 80631 TERRI RUNYAN 1.00 X X 0 0 0 CHERYL WENZINGER 1.00 X X 0 0 0 STEPHEN SHAPIRO 1.00 X X 0 0 0 CURT WYENO 1.00 X 0 0 0 MARK O'CONNOR 1.00 X 0 0 0 TIM BRADLEY 1.00 X 0 0 0 RANDY WATKINS 1.00 X 0 0 0 BONNIE DEAN 1.00 X 0 0 0 RODNEY ESCH 1.00 X 0 0 0 CYNTHIA EVANS 40.00 X 120000 0 13488 120000 0 13488 1 0 0 0 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 DEVELOPMENT & ALUMNI SERVICES 1454212 DENVER INVESTMENT ADVISORS LLC 1225 17TH STREET 26TH FLOOR DENVER CO 80202 INVESTMENT ADVISORY 118924 2 12368913 3054149 12368913 2068679 2068679 282328 282328 81961034 76776444 5184590 5184590 5184590 OTHER INCOME 611710 688100 688100 UBI FROM PARTNERSHIPS 611710 162337 162337 850437 20754947 688100 162337 7535597 6964885 6964885 133488 133488 357167 291989 65178 24528 19316 5212 58195 37285 20910 33826 29236 4590 9214 9214 30396 30396 446012 446012 10996 10996 56804 56804 49734 29290 20444 36119 36119 4092 4092 4290 4290 46453 46453 12020 12020 DEVELOPMENT & ALUMNI SE 1454212 1454212 EQUIPMENT & FURNISHINGS 8418 8418 MEALS & ENTERTAINMENT 4316 4316 DUES AND MEMBERSHIPS 4098 4098 7200 7200 9756463 6964885 1221032 1570546 2580491 1436723 905623 5848259 268777 0 20960 9815 1467155 423101 1071591 1044054 67798525 67313442 22672184 25777825 88477 6142623 95406628 107572741 1282436 1231018 674576 667737 169504 150762 2126516 2049517 X 13901486 13780507 15643931 21009703 63734695 70733014 93280112 105523224 95406628 107572741 X 10998484 1528232 -283604 X 0 1 X 1 0 X 4550243 4194533 4943677 4866253 12368913 30923619 4550243 4194533 4943677 4866253 12368913 30923619 7224041 23699578 2580117 2777683 3051543 2781368 2351007 13541718 1077062 1302628 489106 554743 688100 4111639 48576976 0.48790 0.51740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 71498436 3149037 5324602 6886442 73085633 76493435 858395 -415278 5438116 71498436 66142891 2382883 11890480 3922819 76493435 61689746 886076 6135528 2568459 66142891 80591505 1335026 -17084081 3152039 665 61689746 0.03800 0.87370 0.08830 0 0 1226998 250691 976307 240157 172410 67747 1044054 ALTERNATIVE INVESTMENTS 13574314 F PRIVATE EQUITY 4407442 F REAL ESTATE 4645892 F OTHER INVESTMENTS 2150177 F LIMITED PARTNERSHIP 1000000 F 25777825 OTHER ASSETS 89389 ACCRUED INTEREST 193728 CASH SURRENDER VALUE 91046 BENEFICIAL INTEREST IN LONG-TERM TRUSTS HELD BY OTHERS 5768460 6142623 OBLIGATIONS UNDER GIFT ANNUITY 150762 150762 X 21659777 1528232 -258229 1270003 20389774 365173 365173 20754947 9416665 25375 25375 9391290 365173 365173 9756463 PART IV, LINE 2B: THE FOUNDATION MANAGES FUNDS HELD ON BEHALF OF THE UNIVERSITY OF NORTHERN COLORADO. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A PUBLIC CHARITY UNDER SECTION 509(A)(1). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THESE FINANCIAL STATEMENTS. INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ENTITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME. DURING FISCAL YEAR 2013, THE UNRELATED BUSINESS INCOME TAX LIABILITY WAS IMMATERIAL. THE FOUNDATION APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2013. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED IN MANAGEMENT AND GENERAL EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2013. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2010 THROUGH 2013 FOR THE FEDERAL RETURN AND 2009 THROUGH 2013 FOR THE COLORADO RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -95,892. UBI FROM PARTNERSHIPS -162,337. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 25,375. INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 ENDOWMENTS ARE INTENDED TO PROVIDE FUNDING FOR SCHOLARSHIPS AND PROGRAM SUPPORT INCLUDING, BUT NOT LIMITED TO, SUPPLEMENTAL SALARY SUPPORT FOR FACULTY, RESEARCH, LIBRARIES, AND ACADEMIC AFFAIRS. 1 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 846000546 STATE OF CO 6833635 131250 FMV MISC. TO PROMOTE THE GENERAL WELFARE, DEVELOPMENT, GROWTH AND WELL-BEING OF UNC 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION UTILIZES AN AUTHORIZATION PROCESS IN PARTNERSHIP WITH THE UNIVERSITY TO ENSURE COMPLIANCE ON THE USE OF GRANT FUNDS. X 1 4279 FMV X 113 $1 PER DONOR PER DAY X 7 1368714 FMV X 1 1554185 NPV OF INTEREST X 1 85900 APPRAISED VALUE X 2 474 FMV X MUSICAL INST. 2 990 FMV X FUNDRAISING ITEMS 152 29700 FMV X SPORT SUPPL. 4 5540 FMV X RENTAL CAR 1 4253 RENTAL FEE PLUS MILEAGE X MISC SUPPLIES & COMPUTERS 1 1 $1 EACH 1 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): ONE DONOR AND ONE SET OF ITEMS ON ONE GIFT DATE = ONE CONTRIBUTION THIRD PARTY USE: PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY INVESTMENT BROKERS TO PROCESS AND SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONSISTS OF THE ELECTED OFFICERS (CHAIR, VICE-CHAIR, SECRETARY AND TREASURER) PLUS THE CHAIR OF THE INVESTMENT COMMITTEE AND THE CHAIR OF THE AUDIT-FINANCE COMMITTEE. THE BOARD CHAIR SERVES AS CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS ALL OF THE POWER AND AUTHORITY OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD EXCEPT AS PROHIBITED BY LAW. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION OUTSOURCES THE PREPARATION OF THE 990 AND 990T TO A CPA FIRM. THE COMPLETED FORMS ARE REVIEWED BY MANAGEMENT AND THE AUDIT AND FINANCE COMMITTEE WITH THE CPA FIRM PRIOR TO FILING. THE FORM 990 WAS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES ALL INTERESTED PERSONS SUCH AS DIRECTORS, OFFICERS OR MEMBERS OF A COMMITTEE WITH BOARD-DELEGATED POWERS TO SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15 IN FEBRUARY 2012, THE BOARD OF DIRECTORS DID A FISCAL YEAR 2013 COMPENSATION EVALUATION FOR THE PRESIDENT POSITION COMPARING TO OTHER LIKE-SIZED INSTITUTIONALLY RELATED FOUNDATIONS AND THE COLORADO NON-PROFIT SALARY SURVEY. DELIBERATION AND DECISION FOR DETERMINING COMPENSATION IS DOCUMENTED IN THE RECORDS OF THE FOUNDATION. THE FOUNDATION DID NOT HAVE ANY OTHER KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS OWN WEBSITE AND UPON REQUEST. THE FOUNDATION DOES NOT POST ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ON ITS OWN WEBSITE, BUT WILL MAKE THEM AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UBI FROM PARTNERSHIPS -162,337. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -95,892. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -25,375.