2012-03-10T12:27:56-06:00 2011-06-30 MCGLADREY & PULLEN LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2010-07-01 426058591 UNIVERSITY OF NORTHERN IOWA FOUNDATION UNIV 3192736078 205 COMMONS UNI CEDAR FALLS IA 506140282 KRISTINE EVEN 3192736078 2012-03-10 1 KAY HEGARTY 3192985333 2010 2016-02-24 21:20:13Z WILLIAM D CALHOUN JR 205 COMMONS UNI CEDAR FALLS IA 506140282 37086277 0 X WWW.UNI-FOUNDATION.ORG X 1959 IA THE UNIVERSITY OF NORTHERN IOWA FOUNDATION'S MISSION IS TO SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA BY SOLICITING AND MANAGING GIFTS TO SUPPORT THE UNIVERSITY'S EDUCATIONAL, RESEARCH AND SCIENTIFIC ACTIVITIES. 26 26 0 30 -26840 -26840 14024372 20537667 0 0 1519105 4896860 100407 -23852 15643884 25410675 2288804 3332048 0 0 0 0 302500 334006 1958894 9336869 7608907 11928173 11274961 3715711 14135714 78146044 100561062 5361843 4963042 72784201 95598020 X THE UNIVERSITY OF NORTHERN IOWA FOUNDATION IS A 501(C)(3) ORGANIZATION ESTABLISHED IN 1959 FOR THE SOLE BENEFIT OF THE UNIVERSITY OF NORTHERN IOWA. THE MISSION OF THE UNI FOUNDATION IS TO SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA TO BE THE NATION'S FINEST COMPREHENSIVE UNIVERSITY, KNOWN FOR HIGH QUALITY LEARNING ENVIRONMENTS AND A GENUINE SENSE OF COMMUNITY. 0 0 3335348 3332048 SCHOLARSHIPS, PRIMARILY FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA. 3833991 DEPARTMENTAL SUPPORT FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA. 281166 CAPITAL PROJECTS TO BENEFIT THE UNIVERSITY OF NORTHERN IOWA. 7450505 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 2 0 1 0 1 1 1 CA CJ BD 0 0 0 1 1 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KRISTINE J EVEN 3192736078 1223 WEST 22ND STREET CEDAR FALLS IA 506140239 RICHARD REDFERN 2.00 X X 0 0 0 ROSE LORENZ 2.00 X X 0 0 0 MICHAEL PETERSON 2.00 X X 0 0 0 BENJAMIN ALLEN 1.00 X 0 0 0 CARL BOYD 1.00 X 0 0 0 JOYCE CORNING 1.00 X 0 0 0 EUGENE DIETZ 1.00 X 0 0 0 REX ENO 1.00 X 0 0 0 EDWARD GALLAGHER JR 1.00 X 0 0 0 WILLIAM HAGER 1.00 X 0 0 0 DONNA HARMAN 1.00 X 0 0 0 JORDAN HEIDMANN 1.00 X 0 0 0 GUANG JIN 1.00 X 0 0 0 DAVID MASON 1.00 X 0 0 0 J MICHAEL MCBRIDE 1.00 X 0 0 0 RUTH ANN MEYER 1.00 X 0 0 0 JIM MUDD SR 1.00 X 0 0 0 DAVID OMAN 1.00 X 0 0 0 MARK OMAN 1.00 X 0 0 0 PAUL RHINES 1.00 X 0 0 0 REID RICHARDS 1.00 X 0 0 0 BEV RIESS 1.00 X 0 0 0 JAMES SLIFE 1.00 X 0 0 0 DAVE TAKES 1.00 X 0 0 0 RUSS WASENDORF 1.00 X 0 0 0 RICK YOUNG 1.00 X 0 0 0 WILLIAM D CALHOUN JR 40.00 X 172689 0 33891 FRANK ESSER 40.00 X 107476 0 18257 NOREEN HERMANSEN 40.00 X 111702 0 18191 RUTH RATLIFF 30.00 X 68890 0 26772 KRISTINE EVEN 40.00 X 90097 0 25247 JEAN CARLISLE 40.00 X 75086 0 25236 GARY SHONTZ 2.00 X 0 0 0 625940 0 147594 3 0 1 1 RUFFALOCODY PO BOX 3018 CEDAR RAPIDS IA 52406 FUNDRAISING 311800 MORGAN STANLEY SMITH BARNEY 4449 EASTON WAY STE 300 COLUMBUS OH 43219 INVESTMENT ADVISORS 126177 2 81976 20455691 1322496 20537667 1586727 1586727 193 193 11000 8205 2795 2795 2795 14945855 11635722 3310133 3310133 3310133 31675 81976 31675 0 PARTNERSHIP K-1S 531120 -26840 -26840 -26840 25410675 0 -26840 4899848 3332048 3332048 11454 8447 3007 45000 45000 334006 334006 998870 998870 2827203 1125232 691654 1010317 11015 4515 6500 371648 153053 20713 197882 102783 95527 202 7054 70709 31322 18579 20808 482222 349439 1627 131156 90179 82930 60 7189 93151 93151 71552 60756 9083 1713 BLDG & EQUIP MAINTENANC 1413976 1353854 9563 50559 MEALS & ENTERTAINMENT 359855 183739 17901 158215 ANNUITY/TRUST PMTS & AD 281724 281724 BAD DEBT EXPENSE 189708 189708 MISCELLANEOUS 187858 105060 49303 33495 11274961 7450505 1865562 1958894 80527 77599 1955172 1133190 8476225 7970819 7137 13111 6778 75454 2133401 1066719 1159833 1066682 35534563 53811542 29322462 34686073 1603347 1726592 78146044 100561062 381824 671438 1503882 869383 3476137 3422221 5361843 4963042 X 2703416 6533427 27371648 33258299 42709137 55806294 72784201 95598020 78146044 100561062 X 14135714 8678105 X 0 1 1 X 0 X 8478060 14294281 8596853 14024372 20537667 65931233 8478060 14294281 8596853 14024372 20537667 65931233 13495970 52435263 1703310 2023067 2044463 1371650 1570887 8713377 14320 14320 6744 64653 9861 79834 161092 74820022 0.70080 0.80940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43123573 13083659 7796797 1158311 540146 1109383 61196189 37112883 3221186 4709176 311279 560998 1047393 43123575 46326871 2768110 -9344207 1145628 502391 989873 37112882 0.02500 0.97500 0 0 39400 39400 55384 1820427 1066719 809092 180546 180546 37644 37644 1066682 OTHER INVESTMENTS 130141 F INTEREST IN CRATS 1227539 F INTEREST IN CRUTS 2058397 F ALTERNATIVE INVESTMENTS 31269996 F 34686073 ANNUITIES PAYABLE 1935396 ANNUITY TRUSTS PAYABLE 955086 UNITRUSTS PAYABLE 531739 3422221 25410675 11274961 14135714 8677987 119 -1 8678105 22813819 33293583 8677987 146512 49074 8873573 24420010 998870 -8205 990665 25410675 10638055 146393 215571 361964 10276091 998870 998870 11274961 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: SCHOLARSHIPS AND DEPARTMENTAL SUPPORT FOR STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATIONS ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THUS, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE ORGANIZATIONS HAVE BEEN CLASSIFIED AS ORGANIZATIONS THAT ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THEY QUALIFY FOR THE 50% CHARITABLE CONTRIBUTIONS DEDUCTION FOR INDIVIDUAL DONORS. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS PRIOR TO JUNE 30, 2008 NOR HAVE WE BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF OTHER CONSOLIDATED ENTITIES 49,074. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -8,205. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF OTHER CONSOLIDATED ENTITIES 207,365. RENTAL EXPENSES 8,205. ROUNDING 1. EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 3700000 0 0 0 3700000 0 3700000 1 0 0 0 1 0 X X X X X X 1 RUFFALOCODY LLC 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 PHONE SOLICITATION 0 669850 334006 335844 669850 334006 335844 ATHLETIC FUNDRAISER 103577 76586 26991 26991 PERFORMING ARTS FUNDRAISER 10074 5390 4684 4684 113651 81976 31675 31675 31675 0 1 SCHOLARSHIPS TO STUDENTS 1466 3332048 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY OF NORTHERN IOWA'S FINANCIAL AID OFFICE. X X 0 0 0 0 0 0 0 0 0 WILLIAM D CALHOUN JR 169213 0 0 0 3476 0 14754 0 19137 0 206580 0 0 0 SUPPLEMENTAL INFORMATION PART III FORM 990, PART VII, SECTION A, LINE 1 AND/OR SCHEDULE J, PART II INCLUDE COMPENSATION FOR SERVICES RENDERED TO THE FILING ORGANZATION FROM AN UNRELATED ORGANIZATION. NAME OF UNRELATED ORGANIZATION: THE UNIVERSITY OF NORTHERN IOWA TYPE AND AMOUNT OF COMPENSATION PAID OR ACCRUED: ALL COMPENSATION FOR THE SIX INDIVIDUALS LISTED BELOW IN (A) AND (B) WAS PAID BY THE UNRELATED ORGANIZATION. PERSONS RECEIVING OR ACCRUING COMPENSATION FROM UNRELATED ORGANIZATION: (A) WILLIAM D. CALHOUN, JR., PRESIDENT, JEAN CARLISLE, VP/SECRETARY, AND RUTH RATLIFF, VP ARE PAID BY THE UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION. THE FILING ORGANIZATION DOES NOT REIMBURSE THE UNRELATED ORGANIZATION FOR COMPENSATION PAID TO THESE INDIVIDUALS. (B) FRANK ESSER, VP, NOREEN HERMANSEN, VP, AND KRISTINE EVEN, VP/TREASURER ARE PAID BY THE UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION. THE FILING ORGANIZATION REIMBURSES THE UNRELATED ORGANIZATION FOR COMPENSATION PAID TO THESE INDIVIDUALS. COMPENSATION REIMBURSEMENTS PAID TO THE UNRELATED ORGANIZATION ARE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, PART IX, LINE 11G AS OTHER FEES FOR SERVICES. X 2 189332 APPRAISAL X 400 FMV X 420 FMV X 26 1548831 MEAN VALUE X 1 2636 MEAN VALUE X 1 37817 APPRAISAL X 2 3992 FAIR MARKET VALUE X PRINTING 5 23035 FAIR MARKET VALUE X SUPPLIES 5 4882 FAIR MARKET VALUE X AUCTION, OUTINGS 164 38286 FAIR MARKET VALUE X UNIFORMS 3 5342 FAIR MARKET VALUE X EQUIPMENT 8 82755 FAIR MARKET VALUE X MEALS 19 32085 FAIR MARKET VALUE X SOFTWARE, LICENSES 1 23421 FAIR MARKET VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE QUANTITIES REPORTED REPRESENT THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL PETERSON, TRUSTEE, RICK YOUNG, TRUSTEE, AND DAVID MASON, TRUSTEE HAVE A BUSINESS RELATIONSHIP. MICHAEL PETERSON, TRUSTEE AND PAUL RHINES, TRUSTEE HAVE A BUSINESS RELATIONSHIP. MARK OMAN, TRUSTEE AND DAVID OMAN, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE FORM 990. UPON MANAGEMENT APPROVAL OF THE FORM 990, THE AUDIT COMMITTEE REVIEWS THE ENTIRE FORM 990 AND SCHEDULES WITH THE OUTSIDE TAX PREPARER AT AN ON-CAMPUS COMMITTEE MEETING. THE AUDIT COMMITTEE CHAIR PRESENTS AN OVERVIEW OF THE FORM 990 TO THE FULL BOARD AT AN ON-CAMPUS MEETING. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED ANNUALLY TO TRUSTEES, OFFICERS AND STAFF. ALL ARE ASKED TO DISCLOSE RELATIONSHIPS AND/OR ORGANIZATIONAL COMMITMENTS TO ASSIST IN IDENTIFYING, MANAGING AND/OR REDUCING CONFLICTS OF INTEREST. QUESTIONNAIRES ARE REVIEWED BY THE PRESIDENT OF THE FOUNDATION FOR POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT OF THE FOUNDATION COMMUNICATES WITH NECESSARY INDIVIDUALS TO DETERMINE WHAT ACTION, IF ANY, MUST OCCUR, IE, REFRAINING FROM BOARD VOTES, ETC. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE UNI FOUNDATION ALSO HAS A UNIVERSITY APPOINTMENT AS SPECIAL ASSISTANT TO THE PRESIDENT OF THE UNIVERSITY OF NORTHERN IOWA. SALARY FOR THIS POSITION IS PAID THROUGH UNIVERSITY GENERAL FUNDS. SALARY INCREASES FOR FACULTY, PROFESSIONAL STAFF AND ADMINISTRATORS ARE TO A LARGE EXTENT DETERMINED BY COLLECTIVE BARGAINING OF THE FACULTY UNION. THE AMOUNT OF SALARY INCREASE FOR THE UNI FOUNDATION PRESIDENT AND OTHER OFFICERS IS DETERMINED BY THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION, AS NEEDED, WITH THE UNI FOUNDATION BOARD OF TRUSTEES. INCREASES ARE DETERMINED BY A VARIETY OF FACTORS, PRIMARILY THE ACHIEVEMENT OF MUTUALLY-AGREED UPON ANNUAL GOALS BY THE UNIVERSITY PRESIDENT AND THE SPECIAL ASSISTANT TO THE PRESIDENT/UNI FOUNDATION PRESIDENT. HUMAN RESOURCE SERVICES AT THE UNIVERSITY PROVIDES REGULAR UPDATES REGARDING SALARIES (BY POSITION AND TITLE) AT OUR PEER INSTITUTIONS. ALL WRITTEN DOCUMENTATION IS HELD IN A LOCKED FILE (BOTH PAPER AND ELECTRONIC) WITHIN THE OFFICE OF THE PRESIDENT AND IS ONLY ACCESSIBLE WITH PERMISSION OF THE RESPECTIVE STAFF MEMBER AND THE PRESIDENT. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 8,677,987. DONATED SERVICES AND USE OF FACILITIES: 119. ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: 8,678,105. ANONYMOUS DONOR SCHEDULE B, PART I, CONTRIBUTOR 1 PER SCHEDULE B, THE DONOR AS A REQUIREMENT FOR THE GIFT, HAS REQUESTED TO REMAIN ANONYMOUS. WE HAVE RESPECTED THIS REQUEST EVEN THOUGH THE DONOR IDENTIFICATION INFORMATION IS KNOWN TO THE ORGANIZATION. THE ORGANIZATION RESPECTS THE DONOR'S REQUEST, AND THE ORGANIZATION TAKES INTO ACCOUNT SUCH DONATION IN CALCULATING ITS PUBLIC SUPPORT TEST AS PRESENTED IN SCHEDULE A. THE DONOR IS NOT A DISQUALIFIED PERSON TO THE ORGANIZATION NOR DOES THE DONATION ADVERSELY IMPACT THE PUBLIC SUPPORT TEST OF THE ORGANIZATION. IN ADDITION, NO SPECIAL OTHER TAX COMPLIANCE ISSUES ARE PRESENT WITH THE CASH DONATION WHICH WOULD REQUIRE COMPLIANCE WITH INFORMATION RETURN REPORTING FOR THE ORGANIZATION. THIS INFORMATION IS AVAILABLE UPON REQUEST,ALTHOUGH NOT SUBJECT TO PUBLIC INSPECTION. ENDOWMENT FUNDS SCHEDULE D, PART V IN PRIOR YEARS, ORGANIZATION INCLUDED AS PART OF ENDOWMENT FUNDS, TEMPORARILY RESTRICTED FUNDS WHICH WERE INVESTED AS ENDOWMENT FUNDS. FOR THE 2010 RETURN, CURRENT YEAR AND PRIOR YEAR ENDOWMENT FUNDS HAVE BEEN RESTATED TO INCLUDE ONLY THOSE TERM, PERMANENT AND BOARD-DESIGNATED ENDOWMENTS AS DEFINED IN THE IRS INSTRUCTIONS. UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION 205 COMMONS UNI CEDAR FALLS IA 506140282 391896362 MANAGE INTELLECTUAL PROPERTY RIGHTS IA 501(C)(3) 11A N/A 1 UNIVERSITY OF NORTHERN IOWA PROPERTIES CORPORATION 205 COMMONS UNI CEDAR FALLS IA 506140282 391896366 ACCEPT, HOLD, MANAGE & ADMINISTER PROPERTY FOR UNI FOUNDATION IA 501(C)(3) 11A N/A 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION D 350000 FMV