2013-03-01T10:01:20-06:00 2012-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2011-07-01 846044833 UNIVERSITY OF NORTHERN COLORADO FOUNDATION INC UNIV 9703512034 JUDY FARR CENTER 1620 RESERVOIR ROAD GREELEY CO 80631 CYNTHIA EVANS 9703512034 2013-02-22 1 CRAIG R CHOUN P00173718 3037409400 2011 2016-02-25 16:41:14Z CYNTHIA EVANS 1620 RESERVOIR ROAD GREELEY CO 80631 88789708 0 X WWW.UNCFOUNDATION.ORG X 1966 CO TO SUPPORT THE UNIVERSITY OF NORTHERN COLORADO. 9 9 10 11 -62956 -118617 4943677 4866253 2156130 0 7295039 4715765 622806 534172 15017652 10116190 6932545 9357324 0 0 482452 648769 0 0 1558018 4769332 2107118 12184329 12113211 2833323 -1997021 120706625 95406628 26160567 2126516 94546058 93280112 X 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 1 9357324 9357324 THE FOUNDATION TRANSFERRED APPROXIMATELY $9,000,000 TO UNC DURING THE YEAR. MANY STUDENTS WHO COULD NOT AFFORD COLLEGE WERE OTHERWISE ABLE TO ATTEND BECAUSE OF THE $3,400,000 IN SCHOLARSHIP SUPPORT GIVEN TO UNC BY THE FOUNDATION. THE REMAINING $6,000,000 WENT TO PROGRAMS THAT PROVIDE RESEARCH, INNOVATION, TECHNOLOGY, AND OTHER SUPPORT THAT ADVANCE THE QUALITY OF EDUCATION AT UNC. 9357324 1 1 0 0 0 0 0 0 1 1 1 1 0 0 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 0 0 0 0 0 0 0 0 0 1 19 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GENEVE MONNES 9703512034 1620 RESERVOIR ROAD GREELEY CO 80631 X TERRI RUNYAN 1.00 X X 0 0 0 JOHN SCHMIDT 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 KEVIN AHERN 1.00 X 0 0 0 MARK O'CONNOR 1.00 X 0 0 0 CYNTHIA EVANS - SEE SCH O 1.00 X 0 0 0 TIM BRADLEY 1.00 X 0 0 0 RANDY WATKINS 1.00 X 0 0 0 CYNTHIA EVANS - SEE SCH O 40.00 X 10626 0 0 POLLY KURTZ RESIGNED 113011 40.00 X 106622 0 9280 117248 0 9280 1 0 0 0 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 DEVELOPMENT & ALUMNI SERVICES 1440982 DENVER INVESTMENT ADVISORS LLC 1225 17TH STREET 26TH FLOOR DENVER CO 80202 INVESTMENT ADVISORY 127705 2 4866253 71870 4866253 2738983 2738983 42385 42385 80650300 78673518 1976782 1976782 1976782 OTHER INCOME 611710 554743 554743 UBI FROM PARTNERSHIPS 611710 -62956 -62956 491787 10116190 554743 -62956 4758150 9357324 9357324 117123 117123 387927 330998 56929 36885 32010 4875 70081 51790 18291 36753 32875 3878 8066 8066 28811 28811 393082 393082 2369 2369 57703 57703 53803 20740 33063 28528 28528 2419 2419 8773 8773 39531 39531 11840 11840 DEVELOPMENT & ALUMNI SE 1440982 1440982 EQUIPMENT & FURNISHINGS 23016 23016 DUES AND MEMBERSHIPS 2962 2962 5233 5233 12113211 9357324 1197869 1558018 98716 0 3282037 2580491 1105360 905623 292248 268777 38871 0 29243 20960 1448239 376648 14130441 1071591 74567389 67798525 21314356 22672184 1077416 0 4770548 88477 120706625 95406628 1919210 1282436 138952 0 22749016 0 685955 674576 667434 169504 26160567 2126516 X 14656187 13901486 14716144 15643931 65173727 63734695 94546058 93280112 120706625 95406628 X -1997021 731075 X 0 1 1 X 0 X 4567732 4550243 4194533 4943677 4866253 23122438 4567732 4550243 4194533 4943677 4866253 23122438 1219030 21903408 3534856 2580117 2777683 3051543 2781368 14725567 1059552 1077062 1302628 489106 554743 4483091 42331096 0.51740 0.52730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 76493435 858395 -415278 5438116 71498436 66142891 2382883 11890480 3922819 76493435 61689746 886076 6135528 2568459 66142891 80591505 1335026 -17084081 3152039 665 61689746 0.04570 0.88360 0.07070 0 0 1228500 219860 1008640 219739 156788 62951 1071591 ALTERNATIVE INVESTMENTS 8389762 F PRIVATE EQUITY 4268870 F REAL ESTATE 3641848 F TRUSTS 3706112 F OTHER INVESTMENTS 1665592 F LIMITED PARTNERSHIP 1000000 F 22672184 OBLIGATIONS UNDER GIFT ANNUITY 169504 169504 10116190 12113211 -1997021 -3193942 -75486 -3269428 -5266449 6662424 -3193942 -8917 -3202859 9865283 313863 -62956 250907 10116190 11928873 129525 129525 11799348 313863 313863 12113211 PART IV, LINE 2B: THE FOUNDATION MANAGES FUNDS HELD ON BEHALF OF THE UNIVERSITY OF NORTHERN COLORADO. PART XI, LINE 8 - OTHER ADJUSTMENTS: UBTI INCOME 62,956. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,917. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -129,525. TOTAL TO SCHEDULE D, PART XI, LINE 8: -75,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,917. PART XII, LINE 4B - OTHER ADJUSTMENTS: UBTI INCOME -62,956. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 129,525. 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. FIN 48 DISCLOSURE SCHEDULE D, 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 YEARS 2012 AND 2011, 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, 2012. 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, 2012. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2009 THROUGH 2012 FOR THE FEDERAL RETURN AND 2008 THROUGH 2012 FOR THE COLORADO RETURN. ASSETS HELD FOR OTHERS PART IV, LINE 2B THE FOUNDATION MANAGES FUNDS HELD ON BEHALF OF THE UNIVERSITY OF NORTHERN COLORADO. 1 UNIVERSITY OF NORTHERN COLORADO 501 20TH STREET GREELEY CO 80639 846000546 115 9310840 46484 FMV MISC. TO PROMOTE THE GENERAL WELFARE, DEVELOPMENT, GROWTH AND WELL-BEING OF THE UNIVERSITY OF NORTHERN COLORADO 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 HAS A SCHOLARSHIP COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING AND ADMINISTERING THE ORGANIZATION'S SCHOLARSHIP PROGRAMS. X 99 $1 EACH X 2 25385 FMV X MUSICAL INSTRUMENTS 1 1000 FMV X FUNDRAISING ITEMS 157 36736 FMV X SUPPLIES FOR SPORTS TEAMS 4 8650 FMV 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): ONE DONOR AND ONE SET OF ITEMS ON ONE GIFT DATE = ONE CONTRIBUTION CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 ON JULY 1, 2011, THE FOUNDATION TRANSFERRED ITS INTEREST IN THE UNIVERSITY OF NORTHERN COLORADO FOUNDATION STUDENT HOUSING LLC TO THE UNIVERSITY FOR CONSIDERATION OF $10. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO THE FOUNDATION'S BYLAWS EFFECTIVE 5/4/12 INCLUDE MAKING THE PRESIDENT A NON-VOTING, EX-OFFICIO BOARD MEMBER AND CHANGING LOGISTICS ABOUT ELECTIONS AND TERMS TO ALLOW FOR CONSISTENCY OF BEGINNING AND ENDING DATES OF DIRECTOR AND COMMITTEE TERMS. 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 WHO HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST TO SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DID A COMPENSATION REVIEW FOR THE PRESIDENT POSITION IN FEBRUARY 2012 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. FORM 990, PART VII, SECTION A, LINE 1A CYNTHIA EVANS SERVED ON THE BOARD FROM JULY 1, 2011 UNTIL NOVEMBER 10, 2011. ON NOVEMBER 11, 2011, THE BOARD CHOSE HER AS INTERIM EXECUTIVE DIRECTOR OF THE FOUNDATION, AT THE TIME A NON-BOARD MEMBER POSITION. ON FEBRUARY 10, 2012 THE BOARD HIRED HER FOR THE RE-TITLED PRESIDENT POSITION. THE BYLAWS WERE CHANGED MAY 4, 2012, AT WHICH TIME THE PRESIDENT WAS ADDED AS AN EX-OFFICIO, NON-VOTING MEMBER OF THE BOARD. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -3,193,942. UBTI INCOME 62,956. CHANGE IN VALUE OF CHARITABLE GIFT ANNUITIES -8,917. TRANSFER UNCF STUDENT HOUSING NET ASSETS TO UNC 4,000,503. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES -129,525. TOTAL TO FORM 990, PART XI, LINE 5: 731,075.