2013-05-15T13:00:24-05:00 2012-06-30 363990892 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2011-07-01 480996330 MidAmerica Nazarene University Foundation MIDA 9139713600 2030 E College Way Olathe KS 66062 Jon D North 9139713600 2013-05-15 1 David C Moja P00747006 3178852620 2011 2016-02-24 21:20:13Z Jon D North 2030 E College Way Olathe KS 66062 3884800 0 X www.mnu.edu X 1984 KS Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. 12 8 0 8 0 0 2967959 3221536 0 0 460427 223500 47681 41707 3476067 3486743 3535380 2914613 0 0 0 0 0 0 0 126803 120451 3662183 3035064 -186116 451679 5041398 7854393 1000252 356789 4041146 7497604 Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. 0 0 2665875 2636780 Institutional support for 1,811 students at MidAmerica Nazarene University. 277833 277833 Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. For fiscal year ending 6/30/2012, there were approximately 240 student scholarship recipients. 2943708 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 12 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 KS X Jon North 9139713600 2030 E College Way Olathe KS 66062 X Mr Jon North 1.00 X X 0 119579 886 Lonnie E Hephner 1.00 X X 0 0 0 Tim Buchanan Vice Chair July11-Oct1 1.00 X X 0 0 0 Mr Kevin P Gilmore 1.00 X X 0 102454 22105 Charles J Nunamaker 1.00 X X 0 0 0 Brian G Diddle 1.00 X 0 0 0 Douglas L Diehl 1.00 X 0 0 0 Timothy R Keeton 1.00 X 0 65496 16266 Michael D Major 1.00 X 0 0 0 Larry D McIntire 1.00 X 0 0 0 Dennis C Meyer July11-Feb12 1.00 X 0 0 0 Otto W Theel 1.00 X 0 0 0 Anthony V Oddo July11-Feb12 1.00 X 0 0 0 James H Diehl July11-Feb12 1.00 X 0 39963 6000 David J Spittal Feb12-June12 1.00 X 0 0 0 0 327492 45257 0 0 0 0 0 169578 3051958 11364 3221536 220885 220885 52363 36882 15481 15481 15481 235771 233156 2615 2615 2615 133244 169578 128019 5225 5225 Other Income 900099 21001 21001 21001 3486743 0 0 265207 2914613 2914613 165 165 6417 6417 22324 22324 24168 24168 11643 1300 10343 11097 11097 2563 2563 500 500 309 309 700 700 6317 6317 Pledge Write-off Expens 27795 27795 Life Insurance Premiums 5348 5348 Foreign Tax Withholding 1008 1008 Registrations 97 97 3035064 2943708 91356 0 329192 1069731 43463 55355 17392 17298 0 2500000 824107 0 829351 824107 3645667 3198566 176333 189336 5041398 7854393 15037 29276 50000 567 935215 326946 1000252 356789 X -2784837 95570 111585 320702 6714398 7081332 4041146 7497604 5041398 7854393 X 451679 3004779 X X 0 1 0 X 0 X 365083 1785590 2840474 2967959 3221536 11180642 365083 1785590 2840474 2967959 3221536 11180642 11180642 360687 674740 360465 357485 273248 2026625 22554 227310 123948 6073 154245 534130 13741397 0.81360 0.76990 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income Annuity Income Fundraising Event Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6926816 381604 90948 277833 2780 20707 7098048 6574342 198353 873408 275332 424879 19706 6926186 6704046 360069 505633 975096 20310 6574342 6871784 229862 25454 385300 37754 6704046 0.98700 0.01300 0 0 700000 700000 124107 124107 824107 Trust Funds Payable 184806 Annuities Payable 142140 326946 3486743 3035064 451679 -49989 3054768 3004779 3456458 5956423 -49989 2519669 2469680 3486743 0 3486743 3199965 164901 164901 3035064 0 3035064 Description of Intended Use of Endowment Funds: Part V, Line 4: The intended use of the endowment funds are educational, religious, and charitable support for Mid-America Nazarene University by providing scholarship funds and other assistance to the University. Description of Uncertain Tax Positions Under FIN 48: Part X: The financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statement of activities. As of June 30, 2012, the University had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. The University files tax returns in the U.S. federal jurisdiction. With a few exceptions, the University is no longer subject to U.S. federal examinations by tax authorities for years before 2008. Part XI, Line 8 - Other Adjustments: Change in value of split interest agreements -145,232. Restatement of Notes Receivable 2,500,000. Murlen Net Assets 700,000. Total to Schedule D, Part XI, Line 8: 3,054,768. Part XII, Line 2d - Other Adjustments: Reversal of allowance for doubtful accounts 2,500,000. Rent expense included on Part VIII Line 6b 36,882. Fundraising expense included on Part VIII Line 8b 128,019. Change in value of split interest agreements -145,232. Part XIII, Line 2d - Other Adjustments: Rent expense included on Part VIII Line 6b 36,882. Fundraising expense included on Part VIII Line 8b 128,019. President's Honors 302822 169578 133244 184 83379 18764 25692 302822 169578 133244 184 83379 18764 25692 128019 5225 1 MidAmerica Nazarene University 2030 E College Way Olathe KS 66062 480730814 501(c)(3) 2914613 Grants to MidAmerica Nazarene University are for scholarships and institutional support. 1 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: MidAmerica Nazarene University Foundation maintains endowments that support its related organization, MidAmerica Nazarene University. The organization only provides grants to MidAmerica Nazarene University and therefore is able to monitor all uses of the provided grants due to their relationship. Form 990, Part VI, Section A, line 6 MidAmerica Nazarene University Foundation (MNUF) members shall be the original incorporators until additional members are elected by the incorporators. Members shall serve for a term of three (3) years. Members shall be persons of Christian character and integrity with a commitment to the mission of MidAmerica Nazarene University. Members shall demonstrate their support of the University by significant financial support; and/or active participation in fundraising; and/or participation in support services, committee work, or special events of the corporation; and/or being an ambassador for the University to the general public. Persons shall be recommended for membership by other members; shall apply for membership as provided by the board of directors; and shall be nominated for membership by the board of directors. Once elected by the membership, an invitation to become a member shall be issued to the proposed members by the board of directors. Members of the Foundation have the right to elect the governing body of MNUF. The members have the reserved power to approve significant decisions of MNUFs governing body. The members are not entitled to receive a share of MNUFs profits, excess dues or a share of MNUFs net assets upon dissolution. Form 990, Part VI, Section A, line 7a Members of MidAmerica Nazarene University Foundation have the right to elect all the board of directors. Form 990, Part VI, Section A, line 7b The corporate bylaws of MNUF identify certain rights and powers which are reserved to the members of MNUF. The rights and powers reserved to the members may be summarized as follows: (1) Election of members (2) Election of directors (3) Election of officers (4) Transaction of such other business as may properly be presented and come before such meeting Form 990, Part VI, Section B, line 11 An independent accounting firm prepares and reviews the Form 990. The independent accounting firm then provides the organization's executive director a draft of the Form 990 for comments and approval. After approval, the Form 990 is submitted via email to all voting members of the governing board along with a response time for questions and comments. All issues are resolved and the Form 990 is filed. Form 990, Part VI, Section B, line 12c Conflict reporting occurs via the conflict of interest disclosure form which is completed annually by each officer and director. The contract accountant reviews the signed statements. If there are conflicts, they are made known to the Board. Standard monitoring involves review of disclosures at the next annual reporting or update of an officer and director's disclosure form. Officers and directors determine if a conflict exists. A log is maintained to ensure that each officer and director returns his form. If a conflict arises, the director abstains from the vote of the conflicted position. The organization does not compensate any officers. Therefore, this question was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Executive Committee Part VI, Section A, Line 1a The organization has an executive committee that is composed of all officers of the board. The committee meets twice a year. The executive commmittee has full authority of the governing body. Average Hours per week for related organizations Part VII, Section A, Column B Dr. David J Spittal 40.0 Dr. Jim Diehl 40.0 Mr. Jon North 40.0 Mr. Kevin P Gilmore 40.0 Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -49,989. Change in value of split interest agreements -145,232. Restatement of Notes Receivable 2,500,000. Murlen Net Assets 700,000. Total to Form 990, Part XI, Line 5: 3,004,779. Explanation for Responsibility Form 990, Part XII, Line 2c The full board assumes responsibility for the oversight of the audit of the Foundation's financial statements and selection of an independent accountant. Murlen Office Quarters LLC c/o MNUF 2030 E College Way Olathe KS 66062 364652582 Real Estate KS 52363 827922 MidAmerica Nazarene University Foundation MidAmerica Nazarene University 2030 East College Way Olathe KS 66062 480730814 Education KS 501(c)(3) 2 N/A 0 Charitable Remainder Unitrust (2) CRUT KS MidAmerica Nazarene Univer Fndn T Annuity Trust (1) CLAT MO MidAmerica Nazarene Univer Fndn T 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 0 1 0