2012-05-14T12:51:57-05:00 2011-06-30 SMITH ELLIOTT KEARNS & COMPANY LLC 480 N POTOMAC STREET HAGERSTOWN MD 21740 990 2010-07-01 556020064 SHEPHERD UNIVERSITY FOUNDATION INC SHEP 3048765391 PO BOX 5000 SHEPHERDSTOWN WV 25443 MONICA W LINGENFELTER 3048765286 2012-05-10 1 WILLIAM F FRITTS II CPA 3017335020 2010 2016-02-24 21:20:13Z X MONICA W LINGENFELTER MCMURRAN HALL SHEPHERDSTOWN WV 25443 7430795 0 X WWW.SHEPHERD.EDU/FNDTNWEB/ X 1961 WV PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV 28 28 5 50 0 0 2477462 1860110 0 0 524743 725761 23489 893 3025694 2586764 1134306 2438289 0 0 308384 315795 0 0 0 234474 265652 1677164 3019736 1348530 -432972 24784064 26459928 3537687 3527362 21246377 22932566 PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV AND PROVIDE ASSISTANCE AND SUPPORT FOR FACULTY, FACILITIES AND PROGRAMS OF THE UNIVERSITY. 0 0 2238113 2238113 SCHOLARSHIPS & AWARDS - SHEPHERD UNIVERSITY STUDENTS 200176 200176 GENERAL UNIVERSITY SUPPORT 2438289 1 1 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 19 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MONICA W LINGENFELTER 3048765397 SHEPHERD UNIVERSITY SHEPHERDSTOWN WV 25443 RAMON A ALVAREZ 5.00 X X 0 0 0 JAMES M DAVIS 3.00 X X 0 0 0 ALLEN L LUECK 1.00 X X 0 0 0 MICHAEL A SMITH 1.00 X X 0 0 0 JASON S BEST 1.00 X 0 0 0 DEBORAH J DHAYER 1.00 X 0 0 0 LYNN E LEATHERMAN 1.00 X 0 0 0 ANNETTE M MURPHY 1.00 X 0 0 0 LISA K YOUNIS 1.00 X 0 0 0 JERRY P KERR 1.00 X 0 0 0 ELIZABETH S LOWE 1.00 X 0 0 0 DAVID B WING 1.00 X 0 0 0 WILLIAM E KNODE 1.00 X 0 0 0 DAVID T NEWLIN 1.00 X 0 0 0 CINDA L SCALES 1.00 X 0 0 0 ANDREW D MICHAEL 1.00 X 0 0 0 JANE IKENBERRY-DORRIER 1.00 X 0 0 0 KENNETH J BOONE 1.00 X 0 0 0 ROBERT A HOLMES 1.00 X 0 0 0 SUSAN MENTZER-BLAIR 1.00 X 0 0 0 KENNETH E HARBAUGH 1.00 X 0 0 0 KENNETH F LOWE JR 1.00 X 0 0 0 SUZANNE SHIPLEY 1.00 X 0 0 0 LARRY A STRITE 1.00 X 0 0 0 KARL L WOLF 1.00 X 0 0 0 SCOTT B DOLEMAN 1.00 X 0 0 0 JERRY W WILLIAMS 1.00 X 0 0 0 JOHN F BEATTY 1.00 X 0 0 0 TONY W PRICE 1.00 X 0 0 0 JOHN T REYNOLDS 1.00 X 0 0 0 JULIA M CONNELL 1.00 X 0 0 0 STEPHEN G SKINNER 1.00 X 0 0 0 DIANE E MELBY 1.00 X 0 0 0 MONICA W LINGENFELTER 40.00 X 105460 0 7389 CATHY NEVY 40.00 X 59996 0 1859 165456 0 9248 1 0 0 0 0 1860110 167693 1860110 518522 518522 5017668 4810429 207239 207239 207239 34495 33602 893 893 2586764 0 0 726654 200176 200176 2238113 2238113 174704 174704 101218 101218 19567 19567 20306 20306 3672 3672 18860 18860 160426 160426 2015 2015 31912 31912 768 768 1089 1089 11661 11661 6333 6333 7717 7717 CHANGE IN GIFT ANNUITIE 13581 13581 MISCELLANEOUS 4160 4160 PROFESSIONAL DEVELOPMEN 2378 2378 ADMINISTRATIVE 930 930 DUES AND SUBSCRIPTIONS 150 150 3019736 2438289 581447 0 1013810 1229025 2324358 2209586 1049743 586475 19350 2782 3325 313231 79371 145192 233860 20162913 22138421 65916 59236 24784064 26459928 4120 4401 3338541 3336212 195026 186749 3537687 3527362 X -3226912 -1566363 4399595 3920489 20073694 20578440 21246377 22932566 24784064 26459928 X -432972 2119161 X X 0 1 1 X 0 X 2048383 2553958 2108144 2477462 1860110 11048057 2048383 2553958 2108144 2477462 1860110 11048057 2620836 8427221 753191 847740 623266 407008 518522 3149727 9000 73987 5371 88358 14286142 186691 0.58990 0.56880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3338541 780712 783041 3336212 1 20073694 493810 18357 7421 20578440 18414728 1642449 18400 1883 20073694 18128282 268315 18131 18414728 0.00700 0.99300 0.00000 0 0 133000 133000 160202 63413 96789 20029 15958 4071 233860 GIFT ANNUITIES PAYABLE 186749 186749 2586764 3019736 -432972 2119161 2119161 1686189 4728290 2119161 22365 2141526 2586764 0 2586764 3042101 22365 22365 3019736 0 3019736 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSISTS OF INDIVIDUAL FUNDS ESTABLISHED TO PROVIDE INVESTMENT INCOME FOR THE FOUNDATION'S OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX. THE FOUNDATION FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2011 AND JUNE 30, 2010, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, THE TAX YEARS BEFORE 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES. GALA EVENT 31195 31195 0 0 0 11377 3200 3040 31195 31195 11377 3200 3040 17617 13578 0 SHEPHERD UNIVERSITY 301 NORTH KING STREET SHEPHERDSTOWN WV 254433210 556000799 200176 GENERAL EXPENSES SCHOLARSHIPS & AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WEST VIRGINIA 605 2238113 X 4 25621 APPRAISAL & EST. FMV X 3915 ESTIMATED FMV X 3 22119 FMV - NYSE X 1 93000 APPRAISAL X 1 12500 APPRAISAL X TELESCOPE & ASTRONOMY BOOKS 1 5369 ESTIMATED FMV X DIGITAL PROJECTOR, MONITOR, DOCKING STATION, MISC. 1 4595 ESTIMATED FMV X COMPUTER SERVER CABINET 1 500 ESTIMATED FMV X LUNCH FOR STAFF RETREAT 1 75 ACTUAL COST 4 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE VICE PRESIDENT. THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE EXECUTIVE AND AUDIT COMMITTEES FOR REVIEW BEFORE RETURN IS FILED. THE PUBLIC DISCLOSURE COPY IS KEPT ON FILE IN THE SHEPHERD UNIVERSITY FOUNDATION OFFICES. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTECD IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE VICE PRESIDENT'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE ON AN ANNUAL BASIS FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THE FORMS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO POSTED ON THE GUIDESTAR.ORG WEBSITE WHICH CONTAINS NUMEROUS OTHER FORM 990 NON-PROFIT TAX RETURNS AND IS AVAILABLE FOR ANYONE IN THE PUBLIC TO VIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,119,161. FORM 990, PART X, LINE 21: CUSTODIAL ACCOUNTS REPRESENTING FUNDS HELD BY THE FOUNDATION ON BEHALF OF SHEPHERD UNIVERSITY AND/OR DEPARTMENTS OF THE UNIVERSITY ARE REPORTED AS CUSTODIAL LIABILITIES. THE FOUNDATION IS RESPONSIBLE FOR THE MANAGEMENT AND ADMINISTRATION OF THESE FUNDS. FORM 990, PART XI, LINE 2B: THE ORGANIZATION HAS AN AUDIT COMMITTEE, WHICH IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND FOR PRESENTING THE RESULTS OF THE AUDIT TO THE FULL BOARD OF DIRECTORS. PRIOR TO DOING SO, THE CPA FIRM PRESENTS THE FINANCIAL REPORT AND AUDIT RESULTS TO THE AUDIT COMMITTEE FOR THEIR APPROVAL. THE AUDIT COMMITTEE IS ALSO RESPONSIBLE FOR RECOMMENDING AN INDEPENDENT CPA FIRM TO CONDUCT THE ORGANIZATION'S YEAR-END AUDIT BASED ON THEIR REVIEW OF BIDS SOLICITED FROM LOCAL-AREA FIRMS. THE FULL BOARD OF DIRECTORS MUST THEN VOTE TO APPROVE THE AUDIT COMMITTEE'S SELECTION.