2012-05-10T10:27:31-05:00 2011-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2010-07-01 480996330 MidAmerica Nazarene University Foundation MIDA 9139713600 2030 E College Way Olathe KS 66062 JON D NORTH 2012-05-15 Michael J Engle 8162216300 2010 2016-02-24 21:20:13Z JON D NORTH 2030 E College Way Olathe KS 66062 7467467 false 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. 14 10 0 10 0 0 2840474 2967959 0 0 506630 460427 157244 47681 3504348 3476067 3099922 3535380 0 0 0 0 0 0 0 195773 126803 3295695 3662183 208653 -186116 7312361 5041398 1079632 1000252 6232729 4041146 EDUCATIONAL, RELIGIOUS, AND CHARITABLE SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY BY PROVIDING SCHOLARSHIP FUNDS AND OTHER ASSISTANCE TO THE UNIVERSITY. false false 3287207 3259974 0 Institutional Support for 1,750 students at MidAmerica Nazarene University 277707 275406 0 Educational, religious and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. For fiscal year ending 6/30/2011, there were approximately 200 student scholarship recipients. 3564914 true true false false false false false false true true false false false true false false false false false false false false false true false false true false true false false false false false false false false false false false false true true false false false false true 7 0 true 0 false false false false false true true false false false false X 14 10 false false false false true true true true true false false true true true true true true false KS X JON D NORTH 9139713600 2030 E COLLEGE WAY Olathe KS 66062 X Tim Buchanan 1.0 X X 0 0 0 Brian G Diddle 1.0 X 0 0 0 Douglas L Diehl 1.0 X 0 0 0 JON D NORTH 1.0 X X 0 46484 152 Kevin P Gilmore 1.0 X X 0 118150 22303 Lonnie E Hephner 1.0 X X 0 0 0 Timothy R Keeton 1.0 X 0 64110 21922 Michael D Major 1.0 X 0 0 0 Larry D McIntire 1.0 X 0 0 0 Dennis C Meyer 1.0 X 0 0 0 Charles J Nunamaker 1.0 X X 0 0 0 Otto W Theel 1.0 X 0 0 0 Anthony V Oddo 1.0 X 0 0 0 Edwin H Robinson 1.0 X 0 162289 18377 0 391033 62754 0 false true false 0 14550 2953409 2967959 0 301247 301247 0 0 56238 24253 31985 31985 31985 4103520 3944340 159180 159180 159180 32430 14550 22807 9623 9623 0 0 Annuity Income or Loss 900099 -36981 -36981 Other Income 900099 43054 43054 6073 3476067 0 0 508108 3535380 3535380 0 0 0 0 0 0 0 0 0 20728 20728 608 608 24354 24354 0 0 0 24445 24445 5875 5875 700 478 222 0 0 0 60 60 0 4154 4154 3472 3472 0 1748 1748 6016 6016 Pledge Write-off Expense 29056 29056 Life Insurance Premiums 5348 5348 TRUST RESOLUTION EXPENSE 49 49 _ _ 190 190 3662183 3564914 97269 0 328802 329192 44365 43463 2500000 0 829351 700000 829351 3549833 3645667 189361 193725 7312361 5041398 110768 15037 25000 50000 943864 935215 1079632 1000252 X -422201 -2784837 142127 111585 6512803 6714398 6232729 4041146 7312361 5041398 X -186116 -2005467 X X false false false X 278459 365083 1785590 2840474 2967959 8237565 278459 365083 1785590 2840474 2967959 8237565 6659 8230906 303167 360687 674740 360465 357485 2056544 16785 22554 227310 123948 6073 396670 10690779 0.76991 0.68912 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6574342 198353 873408 275332 424879 19706 6926186 6704046 360069 505633 975096 20310 6574342 6871784 229862 25454 385300 37754 6704046 0.06090 0.93910 0.00000 true true true 700000 700000 129351 129351 829351 0 Interest in Invested Property 700000 Trust Funds Payable 148425 Annuities Payable 86790 935215 USES OF ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE EDUCATIONAL, RELIGIOUS, AND CHARITABLE SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY BY PROVIDING SCHOLARSHIP FUNDS AND OTHER ASSISTANCE TO THE UNIVERSITY. GOLF CLASSIC 46980 14550 32430 0 0 14046 624 0 8137 0 46980 14550 32430 0 0 14046 624 0 8137 22807 9623 true MidAmerica Nazarene University 2030 E College Way Olathe KS 66062 480730814 501(c)(3) 3535380 See Sch I, Part IV 1 0 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, QUESTION 2 MIDAMERICA NAZARENE UNIVERSITY FOUNDATION MAINTAINS ENDOWMENTS THAT SUPPORT ITS RELATED ORGANIZATION, MIDAMERICA NAZARENE UNIVERSITY. IN DECEMBER 2010, 4.5% OF THE INVESTMENTS WERE TRANSFERRED TO THE MIDAMERICA NAZARENE UNIVERSITY TO BE USED FOR THE OPERATING NEEDS OF THE ORGANIZATION. THE ORGANIZATION ONLY PROVIDES GRANTS TO MIDAMERICA NAZARENE UNIVERSITY AND THEREFORE IS ABLE TO MONITOR ALL USES OF THE PROVIDED GRANTS DUE TO THEIR RELATED RELATIONSHIP. PURPOSE OF GRANT OR ASSISTANCE SCHEDULE I, PART II, COLUMN H GRANTS TO MIDAMERICA NAZARENE UNIVERSITY ARE FOR SCHOLARSHIPS AND INSTITUTIONAL SUPPORT. X X true true X X false false false false false false false false false Edwin H Robinson 0 100520 0 0 0 61769 0 10395 0 7982 0 180666 0 0 HOUSING ALLOWANCE AND SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A DR. ROBINSON RECEIVED A HOUSING ALLOWANCE AND SOCIAL CLUB DUES AS PART OF HIS GROSS TAXABLE INCOME. OFFICER COMPENSATION SCHEDULE J, PART II THE COMPENSATION REPORTED ON SCHEDULE J, PART II IS COMPENSATION PAID BY A RELATED ORGANIZATION, MIDAMERICA NAZARENE UNIVERSITY. MEMBERS OR STOCKHOLDERS FORM 990, PART VI, QUESTION 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 FUND RAISING; 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 MEMBER 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 MNUF'S GOVERNING BODY. THE MEMBERS ARE NOT ENTITLED TO RECEIVE A SHARE OF MNUF'S PROFITS, EXCESS DUES OR A SHARE OF MNUF'S NET ASSETS UPON DISSOLUTION. MEMBERS OR STOCKHOLDERS MAY ELECT GOVERNING BODY FORM 990, PART VI, QUESTION 7A MEMBERS OF MIDAMERICA NAZARENE UNIVERSITY FOUNDATION HAVE THE RIGHT TO ELECT ALL THE BOARD OF DIRECTORS. GOVERNING BODY DECISIONS SUBJECT TO APPROVAL OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, QUESTION 7B THE CORPORATE BYLAWS OF MIDAMERICA NAZARENE UNIVERSITY FOUNDATION (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 REVIEW PROCESS FORM 990, PART VI, QUESTION 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. THE INDEPENDENT ACCOUNTING FIRM THEN PROVIDES THE ORGANIZATION'S EXECUTIVE DIRECTORS 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C CONFLICT REPORTING OCCURS VIA THE CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS COMPLETED ANNUALLY BY EACH OFFICER & DIRECTOR. STANDARD MONITORING INVOLVES REVIEW OF DISCLOSURES AT THE NEXT ANNUAL REPORTING OR UPDATE OF AN OFFICER & 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. GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 RECLASS OF PRIOR YEAR ASSETS ($ 2,500,000) UNREALIZED GAINS AND LOSSES 494,533 ---------- ($ 2,005,467) CHANGE IN OVERSIGHT PROCESS OR SELECTION PROCESS FORM 990, PART XII, LINE 2C THE FOUNDATION DID NOT HAVE AN INDEPENDENT FINANCIAL STATEMENT REVIEW FOR THE YEAR ENDED JUNE 30, 2011. HOWEVER, MIDAMERICA NAZERENE UNIVERSITY, A RELATED TAX EXEMPT ORGANIZATION, RECORDS A BENEFICIAL INTEREST IN THE NET ASSETS OF MIDAMERICA NAZERENE UNIVERSITY FOUNDATION AS AN ASSET ON ITS AUDITED FINANCIAL STATEMENTS. THE FOUNDATION'S FINANCIAL STATEMENTS WERE EXAMINED AS PART OF THE MIDAMERICA NAZERENE UNIVERSITY INDEPENDENT AUDIT TO VERIFY THE VALUE OF THE BENEFICAL INTEREST. A SCHEDULE DETAILING THE FOUNDATION'S FINANCIAL STATEMENTS IS INCLUDED WITH THE UNIVERSITY'S AUDITED STATEMENTS. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JON D. NORTH TITLE:EXECUTIVE DIRECTOR HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Kevin P. Gilmore TITLE:Director & Treasurer HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Timothy R. Keeton TITLE:Director HOURS:40 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:Edwin H. Robinson TITLE:DIRECTOR - RESIGNED 6/30/2011 HOURS:40 MURLEN OFFICE QUARTERS LLC C/O MNUF 2030 E COLLEGE WAY OLATHE KS 66062 364652582 REAL ESTATE KS 61238 832891 NA MIDAMERICA NAZARENE UNIVERSITY 2030 EAST COLLEGE WAY OLATHE KS 66062 480730814 EDUCATION KS 501(C)(3) 2 NA EVALDS SPALE CHARITABLE REMAINDER TRUST 2030 E COLLEGE WAY OLATHE KS 66062 080289158 CRUT KS NA TRUST 6205 99573 1.00000 EARL & RUTH BEARD CHARITABLE REMAINDER 2030 E COLLEGE WAY OLATHE KS 66062 066525584 CRUT NE NA TRUST 7050 114730 1.00000 true true false true false false false false false false true false true true true false true true