2012-05-15T15:51:02-04:00 2011-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2010-07-01 486088461 Emporia State University Foundation Inc EMPO 6203415440 1500 Highland Street Emporia KS 66801 LORINDA DUNCAN 6203415440 2012-05-15 true Michael J Engle 8162216300 2010 2016-02-24 21:20:13Z LORINDA DUNCAN 1500 HIGHLAND STREET EMPORIA KS 66801 12242375 false X WWW.EMPORIA.EDU/SAF X 1952 KS To promote the general welfare, development, growth and well-being of Emporia State University by soliciting, managing, and distributing private resources. 14 14 66 48 9215 7030 3186673 3469257 1526144 182604 193410 1714908 3916 814302 4910143 6181071 1591069 2809048 0 0 1174129 1369242 0 0 693140 1118912 727218 3884110 4905508 1026033 1275563 66334928 80290432 1452316 1767284 64882612 78523148 TO BUILD RELATIONSHIPS AND SUPPORT FOR EMPORIA STATE UNIVERSITY TODAY AND TOMORROW. false false 2809048 2809048 0 SCHOLARSHIPS, GRANTS AND PAYMENTS TO EMPORIA STATE UNIVERSITY FOR GROWTH AND DEVELOPMENT OF CAMPUS AND ACADEMIC ACTIVITIES. 168674 0 191819 VARIOUS RELATED EXPENSES INCURRED IN THE OPERATION OF THE FOUNDATION PROGRAM TO PROVIDE SCHOLARSHIPS AND PROMOTE THE GROWTH OF EMPORIA STATE UNIVERSITY. 2977722 true true false false true false true false true true true false true true true true false false false true false false false true false false true true true false false false false false false false false true false false false false false false false false true 35 0 true 66 true true true false false false false true true false false false false false false false X 14 14 false false false false true true false true true false false false true true true true true true false false X LORINDA DUNCAN 6203415440 1500 HIGHLAND STREET EMPORIA KS 66801 PAM KONETZNI 1.0 X 0 0 0 STEVE WILLIAMS 1.0 X 0 0 0 ART BLOOMER 1.0 X 0 0 0 GEORGE BREIDENTHAL 1.0 X 0 0 0 BUD BURGESS 1.0 X 0 0 0 DAN DECHANT 1.0 X 0 0 0 KEN HUSH 1.0 X X 0 0 0 JOHN JONES 1.0 X 0 0 0 MIKE LAW 1.0 X 0 0 0 LAURA MCANTEE 1.0 X 0 0 0 FRED NEUER 1.0 X 0 0 0 LANA OLEEN 1.0 X 0 0 0 TIM SHADOIN 1.0 X X 0 0 0 JOHN SUMMERVILL 1.0 X 0 0 0 DONNA BRESHEARS 40.0 X 35895 0 10247 TIM CLOTHIER 40.0 X 0 0 0 LORINDA DUNCAN 40.0 X 2814 0 30 JUDITH HEASLEY 40.0 X 136187 0 18341 TRISHA OTT 40.0 X 57442 0 24141 232338 0 52759 1 false true false 0 19628 127871 3321758 198899 3469257 DEPARTMENTAL RECEIPTS 900099 182604 182604 182604 1239235 1239235 0 41360 41360 7400 0 7400 7400 7400 6520223 0 6029969 14581 490254 -14581 475673 475673 32183 19628 16754 15429 15429 0 0 ACTUARIAL LOSS ON ANNUITY 900099 -113007 -113007 PARTNERSHIP INCOME 900099 822516 6665 815851 MISCELLANEOUS INCOME 900099 40604 2550 38054 40604 2550 38054 750113 6181071 182604 9215 2519995 886344 886344 1922704 1922704 0 0 289215 289215 0 878848 119995 373386 385467 39762 6133 13926 19703 100599 13437 43997 43165 60818 6487 33491 20840 0 1765 1765 33848 33848 0 0 109468 109468 170246 105454 64792 36814 36814 174530 1969 97056 75505 0 0 40399 1344 38642 413 56150 9709 46441 0 0 0 0 78568 78568 3059 3059 _ _ _ _ _ 22371 19309 3062 4905508 2977722 1234646 693140 14782 142759 740379 37766 713117 531291 0 22731 1232206 1098278 3188547 1234621 2185000 1953926 37178022 43776538 20876525 25508718 98608 75892 3296289 7142533 66334928 80290432 20663 234061 1431653 1533223 1452316 1767284 X 2957343 4507910 4162372 18991802 57762897 55023436 64882612 78523148 66334928 80290432 X 1275563 12364973 X false true true X false X 4126560 4281325 3085565 3186673 3469257 18149380 4126560 4281325 3085565 3186673 3469257 18149380 2009025 16140355 200178 141635 1840001 263008 1287995 3732817 0 0 0 0 7030 7030 3252431 4380179 3075 2616 740898 8379199 30268426 6087062 0.53324 0.85700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2 0 0 0 4557 0 112191 0 true true 0 75227 0 0 X X false 64882612 1533419 11232025 1846679 12612163 1607596 61581618 59825961 4716732 4225689 3884110 1660 64882612 71604516 4176901 -11150551 4064950 739955 59825961 0.02556 0.76917 0.20527 false false 313263 313263 66480 2538844 1067310 1538014 194733 167311 27422 75227 75227 1953926 FUNDS OF HEDGE FUNDS 10463074 F PRIVATE EQUITY FUNDS 5987209 F REAL ESTATE PARTNERSHIPS 2206381 F COMMON TRUST FUNDS 6852054 F 25508718 BENE. INT IN PERPETUAL TRUST 6259931 CSV LIFE INSURANCE POLICIES 882602 7142533 0 FUNDS HELD FOR OTHERS 1533223 1533223 6181071 4905508 1275563 8883689 1246854 10130543 11406106 16233481 8883689 1278189 10161878 6071603 109468 109468 6181071 4827375 31335 31335 4796040 109468 109468 4905508 COLLECTIONS OF ART SCHEDULE D, PART III, LINE 4 PAINTINGS ARE FOR SALE WITH THE PROCEEDS GOING DIRECTLY TOWARDS SCHOLARSHIPS FOR ESU STUDENTS. THEY ARE CURRENTLY ON DISPLAY. INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT FUNDS ARE HELD FOR THE BENEFIT OF EMPORIA STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS AND ASSISTANCE WITH OPERATING EXPENSES. UNCERTAIN TAX POSITIONS DISCLOSURE SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF CHANGE IN NET ASSETS SCHEDULE D, PART XI, LINE 8 CHANGE IN BENEFICIAL INTEREST OF PERPETUAL TRUST $ 1,246,854 RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINES 2D & 4B LINE 2D: CHANGE IN BENEFICIAL INTEREST OF PERPETUAL TRUST $ 1,246,854 LOSS ON DISPOSAL OF ASSETS $ 14,581 FUNDRAISING EVENT EXPENSES $ 16,754 ----------- $ 1,278,189 LINE 4B: INVESTMENT MANAGEMENT FEES $ 109,468 RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XIII, LINE 2D LINE 2D: LOSS ON DISPOSAL OF ASSETS $ 14,581 FUNDRAISING EVENT EXPENSES $ 16,754 ----------- $ 31,335 LINE 4B: INVESTMENT MANAGEMENT FEES $ 109,468 Central America and the Caribbean Investments 10463074 10463074 10463074 true false true true false false GOLF TOURNAMENT 19710 4695 15015 2400 0 5707 0 0 5891 ATHELETIC AUCT. 18142 7544 10598 0 0 0 0 0 544 3 13959 7389 6570 0 0 0 0 0 2212 51811 19628 32183 2400 0 5707 0 0 8647 16754 15429 true EMPORIA STATE UNIVERSITY 1200 COMMERCIAL STREET EMPORIA KS 66801 481124839 GOVERNMENT 788120 UNIVERSITY OPERATIONAL EXPENDITURES ALUMNI ASSOCITATION OF EMPORIA STATE UNIVERSITY 1500 HIGHLAND STREET EMPORIA KS 66801 486115644 501(C)(3) 87283 OPERATIONAL SUPPORT 2 0 SCHOLARSHIPS 1498 1922704 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, LINE 2 Expenditure requests are sent to the Fiscal Affairs department which verifies the expenditure meets the respective donor's criteria, as documented. X true true X X X false false false false false false false false false JUDITH HEASLEY 133727 0 0 0 2460 0 11411 0 6930 0 154528 0 0 0 HEALTH OR SOCIAL CLUB DUES SCHEDULE J, PART I, LINE 1A COUNTRY CLUB DUES WERE PROVIDED TO JUDITH HEASLEY, FOUNDATION PRESIDENT, THE AMOUNT OF COUNTRY CLUB DUES WERE INCLUDED IN HER W-2. X 5334 FMV X 1 12000 FMV X 16 126236 FMV X 1 48000 APPRAISAL X AUCTION ITEMS 114 7329 DONOR ESTIMATE 0 false true true NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, LINES 1-28, COLUMN B THE NUMBER IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS. USE OF THIRD PARTIES SCHEDULE M, PART I, LINE 32B EDWARD JONES IS USED TO SELL CONTRIBUTIONS OF PUBLICLY TRADED STOCKS. MEMBERS FORM 990, PART VI, SECTION A, LINE 6 THE FULL MEMBERSHIP SHALL BE KNOWN AS THE BOARD OF TRUSTEES. INDIVIDUAL MEMBERS OF THIS CORPORATION SHALL BE KNOWN AS TRUSTEES. MEMBERSHIP SHALL BE OPEN TO ALL ALUMNI AND OTHER FRIENDS OF EMPORIA STATE UNIVERSITY (ESU). TRUSTEES MAY BE ELECTED, EX-OFFICIO, NON-VOTING EX-OFFICIO, LIFETIME, OR EMERITUS. NO EMPLOYEE OF EMPORIA STATE UNIVERSITY OR THE FOUNDATION MAY SERVE AS AN ELECTED TRUSTEE DURING THE PERIOD OF HIS OR HER EMPLOYMENT. MEMBERS MAY ELECT MEMBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF TRUSTEES MAY ELECT THE MEMBERS OF THE GOVERNING BODY, THE EXECUTIVE COMMITTEE. MEMBERS MAY APROVE DECISIONS BY THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE RIGHTS TO AMEND THE BY-LAWS, AMEND THE ARTICLES OF INCORPORATION, AND AMEND THE CORPORATE RESOLUTION. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF EMPORIA STATE UNIVERSITY FOUNDATION. ANY QUESTIONS OR CONCERNS THAT THE CHIEF FINANCIAL OFFICER OR PRESIDENT HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE PRIOR TO SUBMITTING THE 990 TO THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY STATEMENT. THESE ARE REVIEWED AND SIGNED BY THE PRESIDENT OF THE FOUNDATION. THERE IS A COMPLIANCE OFFICER ON THE BOARD THAT IS RESPONSIBLE FOR ADDRESSING ANY ISSUES THAT MAY ARISE THROUGHOUT THE YEAR. IF A CONFLICT ARISES IT IS INVESTIGATED IMMEDIATELY. KEY EMPLOYEES SIGN A CONFLICT OF INTEREST POLICY WITH THE UNIVERSITY. THESE ARE MONITORED THROUGH EMPORIA STATE UNIVERSITY. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & 15B LINE 15A: THE PRESIDENT OF THE FOUNDATION IS EVALUATED BY THE PRESIDENT OF EMPORIA STATE UNIVERSITY IN CONSULTATION WITH THE BOARD OF TRUSTEE CHAIR. THEY ASK OPINIONS FROM OTHERS THAT WORK WITH/FOR THE PRESIDENT OF THE FOUNDATION. THIS PROCESS IS DONE ON A YEARLY BASIS. THE CASE ANNUAL SALARY SURVEY FOR THE MIDWEST REGION IS USED TO DETERMINE IF SALARIES ARE WITHIN THE MEDIAN RANGE. THE PRESIDENT OF THE FOUNDATION'S SALARY IS DETERMINED BY THE PRESIDENT OF EMPORIA STATE UNIVERSITY. THE SALARY IS COMPARABLE TO OTHERS IN THE ADMINISTRATION. LINE 15B: THE PRESIDENT OF THE FOUNDATION HANDLES THE COMPENSATION REVIEW OF THE OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 EACH TRUSTEE GETS A COPY OF THE BY-LAWS AND THE PUBLIC CAN RECEIVE A COPY UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE ADVANCEMENT WEBSITE. THE 990 AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAIN/LOSS ON INVESTMENTS $ 8,883,689 CHANGE IN BENEFICIAL INTERESTS OF PERPETUAL TRUST $ 1,246,854 PRIOR PERIOD RESTATEMENTS $ 2,234,430 ------------ $ 12,364,973