2013-05-08T12:16:33-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2011-07-01 382953297 EASTERN MICHIGAN UNIVERSITY FOUNDATION EAST 7344841322 1349 SOUTH HURON STREET YPSILANTI MI 48197 LAURA WILBANKS 7344841322 2013-04-30 1 LYNNE HUISMANN P00053811 2483757100 2011 2016-03-07 17:11:31Z THOMAS STEVICK 1349 SOUTH HURON STREET YPSILANTI MI 48197 31029099 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. 28 28 105 150 0 0 6836983 7188155 1175000 1903000 3344441 2198837 16769 3604 11373193 11293596 4593515 4481987 0 0 2328175 2412593 0 0 2226858 1503728 1477072 8425418 8371652 2947775 2921944 54331606 55114187 1603739 1155019 52727867 53959168 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 3025963 3025963 1903000 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. 1456024 1456024 ENDOWED SCHOLARSHIPS AND PROGRAM SERVICES SPENDING ALLOCATED TO EMU-SPENDING FROM THE SCHOLARSHIP & PROGRAM SERVICE ENDOWMENTS ARE DISTRIBUTED TO EASTERN MICHIGAN UNIVERSITY. 4481987 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 8 0 1 105 1 0 0 0 0 0 1 1 0 0 0 0 X 28 28 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 MAUREEN THOMAS 1.00 X X 0 0 0 DALE HEYDLAUFF 1.00 X X 0 0 0 RONALD REED 1.00 X X 0 0 0 BRENDA ALTEN 0.50 X 0 0 0 JOHN BODARY 0.50 X 0 0 0 WILLIAM BRICKLEY 0.50 X 0 0 0 JOSEPH CHRZANOWSKI 0.50 X 0 0 0 GEORGE COGAR 0.50 X 0 0 0 BYNA ELLIOT 1.00 X X 0 0 0 MATTHEW EVETT 0.50 X 0 0 0 BETH FITZSIMMONS 0.50 X 0 0 0 THOMAS GWALTNEY 0.50 X 0 0 0 VICKIE HALL 0.50 X 0 0 0 EARL HIGGINS 0.50 X 0 0 0 GEORGE HOFMAN 0.50 X 0 0 0 ROBERT HOLMAN 0.50 X 0 0 0 ABE KARAM 0.50 X 0 0 0 DAVID MAMUSCIA 0.50 X 0 0 0 SUSAN MARTIN 0.50 X 0 0 0 DANIEL MCCLORY 0.50 X 0 0 0 JELANI MCGADNEY 0.50 X 0 0 0 JEANNE MERLANTI 0.50 X 0 0 0 KATHY MERRILL 0.50 X 0 0 0 GREGORY SHELDON 0.50 X 0 0 0 EDWARD SUROVELL 0.50 X 0 0 0 JACLYNN TRACY 0.50 X 0 0 0 KATRINA VANDERWOUDE 0.50 X 0 0 0 JUDITH WOLLACK 0.50 X 0 0 0 THOMAS STEVICK 40.00 X 220640 0 76441 LAURA WILBANKS 40.00 X 112547 0 7198 333187 0 83639 2 0 1 0 UBS FINANCIAL SERVICES INC 3455 PEACHTREE ROAD SUITE 1700 ATLANTA GA 30326 INVESTMENT CONSULTING 375536 1 63414 9211 7115530 165675 7188155 EASTERN MI UNIV. FEES 900099 1903000 1903000 1903000 1178609 1178609 49293 50129 -836 -836 -836 20644109 19623881 1020228 1020228 1020228 59707 63414 61493 -1786 -1786 OTHER REVENUE 900099 6226 6226 6226 11293596 1903000 0 2202441 4481987 4481987 119745 119745 1781055 584701 1196354 63860 24844 39016 317955 130111 187844 129978 46951 83027 8247 4525 3722 47375 47375 405761 405761 27116 22096 5020 2195 2195 346080 61727 284353 93033 55584 37449 52677 22 52655 10894 5343 5551 101943 52134 49809 30854 25471 5383 MEALS & ENTERTAINMENT 131761 4151 127610 INTEREST/CLOSING COSTS 93245 56613 36632 RESEARCH 58012 58012 FUNDRAISING EXPENSE 32411 32411 35468 15653 19815 8371652 4481987 1662807 2226858 2149887 2188573 3506263 907081 3967762 1404427 2632557 2563335 45640503 49058183 64107 55000 338289 342015 54331606 55114187 808812 597194 794927 557825 1603739 1155019 X 999309 299010 16289833 14353588 35438725 39306570 52727867 53959168 54331606 55114187 X 2921944 -1690643 X X 0 1 1 X 0 X 7099126 3679381 5329377 6836983 7188155 30133022 7099126 3679381 5329377 6836983 7188155 30133022 6026293 24106729 1218111 1418303 1252964 1126156 1227902 6243436 7916 7916 29845 7704 8154 8316 6226 60245 36444619 8803108 0.66150 0.75520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49442261 4348793 -209697 -1077055 -370969 -1376750 50756583 39675569 3556304 9082314 -996170 -387255 -1488501 49442261 35808943 1466560 5095977 -971364 -203674 -1520873 39675569 45924097 1460502 -8487776 -889401 -459251 -1739228 35808943 0.01000 0.99000 0 0 612334 612334 2209093 604269 1604824 1146335 800158 346177 2563335 SPLIT INTEREST AGREEMENT 557825 557825 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION 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, 2012, 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, 2009. BOB LUTZ DINNER 29431 15347 14084 980 13091 4056 EMU FOOTBALL GOLF OUTING 24675 9034 15641 100 5352 4608 5 69015 39033 29982 7970 10495 13152 1689 123121 63414 59707 8070 980 28938 17760 5745 61493 -1786 1 EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 3025963 GIFT ALLOCATION TO EMU. EASTERN MICHIGAN UNIVERSITY 1000 COLLEGE PLACE YPSILANTI MI 48197 386005986 IRC SEC. 115 1456024 ENDOWED SCHOLARSHIP AND PROGRAM SERVICE SPENDING ALLOCATED TO EMU. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 220640 0 0 0 0 0 24200 0 52241 0 297081 0 0 0 X 10 165675 FAIR MARKET VALUE 0 0 1 THIRD PARTY USE: 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 MATTHEW EVETT, SUSAN MARTIN, JACLYNN TRACY 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. THE EXECUTIVE DIRECTOR HAD HIS COMPENSATION PACKAGE APPROVED BY EASTERN MICHIGAN UNIVERSITY, AN UNRELATED ORGANIZATION. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,038,265. CHANGE IN CASH SURRENDER VALUE OF INSURANCE 6,290. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 215,182. EQUITY TRANSFERS FROM EASTERN MICHIGAN UNIVERSITY 126,150. TOTAL TO FORM 990, PART XI, LINE 5: -1,690,643. 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 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0