2012-11-01T15:53:31-05:00 2011-12-31 450250958 EIDE BAILLY LLP 1850 N CENTRAL AVE SUITE 400 PHOENIX AZ 850044527 990 2011-01-01 593828402 UNIVERSAL TECHNICAL INSTITUTE FOUNDATION UNIV 6234450933 16220 N SCOTTSDALE ROAD NO 100 SCOTTSDALE AZ 85254 VERONICA MEURY 6234450933 2012-10-25 1 BRENDA A BLUNT P00075126 6022645844 2012-10-22 2011 2016-02-24 21:20:13Z DONALD W ABLESON 16220 N SCOTTSDALE ROAD NO 100 SCOTTSDALE AZ 85254 1468316 0 X WWW.UTIFOUNDATION.NET X 2005 AZ PROMOTE TECHNICAL TRAINING AND AUTOMOTIVE SAFETY, FOR POST SECONDARY EDUCATION (CONT. ON SCH O) (CONT. FROM PAGE 1) AND PROMOTE TECHNICAL TRAINING IN SECONDARY EDUCATION. THE UTI FOUNDATION PROVIDES 36 SCHOLARSHIPS AND GRANTS IN A VARIETY OF AREAS TO STUDENTS WISHING TO PURSUE A SPECIALIZED TECHNICAL EDUCATION AT ANY ONE OF 11 UTI CAMPUSES THROUGOUT THE US. SCHOLARSHIPS ARE AVAILABLE IN THE AUTOMOTIVE, DIESEL, COLLISION REPAIR, MOTORCYCLE, MARINE AND NASCAR SERVICE REPAIR PROGRAMS TO HELP STUDENTS GET TO SCHOOL, STAY AND GRADUATE INTO PRODUCTIVE CAREERS. DESIGNATED SCHOLARSHIPS ARE ALSO AVAILABLE FOR MILITARY VETERANS TO HELP GAIN THE TRAINING TO TRANSITION INTO CIVILIAN LIFE. EMERGENCY GRANTS PROVIDE SUPPORT TO CAMPUS FOOD PANTRIES AND ASSIST INCOMING AND CURRENT STUDENTS WHO EXPERIENCE AN UNEXPECTED FINANCIAL CRISIS. FORM MORE INFORMATION ON UTI FOUNDATION SCHOLARSHIPS AND GRANTS, GO TO WWW.UTIFOUNDATION.NET. 8 7 0 102 0 0 1393147 1361256 0 0 6636 9567 0 64621 1399783 1435444 847694 732133 0 0 0 0 9075 6950 42619 258937 257371 1115706 996454 284077 438990 1780903 2288146 23528 3841 1757375 2284305 X THE MISSION OF THE UTI FOUNDATION IS TO SUPPORT AND ENCOURAGE TECHNICAL EDUCATION IN THE AUTOMOTIVE, DIESEL, COLLISION REPAIR, MOTORCYCLE, MARINE AND NASCAR SERVICE REPAIR INDUSTRIES THROUGH SCHOLARSHIPS, GRANTS, CAREER DEVELOPMENT AND OTHER SPECIAL PROGRAMS. THE FOUNDATION IS DEDICATED TO HELPING STUDENTS GET TO SCHOOL, STAY IN SCHOOL AND GRADUATE INTO PRODUCTIVE CAREER. WE SUPPORT RELOCATION GRANTS, TUITION SCHOLARSHIPS, STUDENT EMERGENCY GRANTS AND ADVANCED TRAINING SCHOLARSHIPS AND STUDENT FOOD PANTRIES IN EACH OF THE 11 UTI CAMPUSES. IN 2011 THE UTI FOUNDATION AWARD SCHOLARSHIPS AND GRANTS TO STUDENTS FROM 45 STATES. 1 1 780891 732133 0 PROMOTE TECHNICAL TRAINING AND AUTOMOTIVE SAFETY, PROVIDE EXPERT DRIVING CIRRICULUM AND INFORMATION TO NEW DRIVERS, AND PROMOTE AND SUPPORT TECHNICAL TRAINING IN SECONDARY EDUCATION. 780891 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 9 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 X 8 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AZ X VERONICA MEURY 6234450933 16220 N SCOTTSDALE ROAD SCOTTSDALE AZ 85254 X DONALD W ABLESON 1.00 X X 0 0 0 WILLIAM T BIRGE 1.00 X 0 0 0 TODD ARMSTRONG 1.00 X 0 0 0 WILLIAM R KRAUS 1.00 X X 0 0 0 FRANK PLACENTI 1.00 X 0 0 0 BARRY FODOR 1.00 X 0 0 0 VERONICA K MEURY 40.00 X X 0 0 0 ROBERT A BENDOTTI 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1361256 33675 1361256 9567 9567 97493 32872 64621 64621 1435444 0 0 74188 58000 58000 674133 674133 12373 12373 6950 6950 817 817 89576 4313 71750 13513 49623 49623 19595 19595 3921 3921 29541 7385 22156 37060 37060 2712 2712 MISCELLANEOUS 12153 12153 996454 780891 172944 42619 168362 352545 1296120 1675162 192936 148509 71738 97243 185300 170613 51747 14687 1780903 2288146 3028 2341 20500 1500 23528 3841 X 334427 717257 1371201 1567048 51747 0 1757375 2284305 1780903 2288146 X 438990 87940 X 0 1 1 X 0 X 406170 1473939 1896760 1393147 1361256 6531272 406170 1473939 1896760 1393147 1361256 6531272 3074256 3457016 903 5122 1987 6636 9567 24215 6555487 97493 0.52730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185300 170613 14687 14687 1435444 996454 438990 1672 86268 87940 526930 1938036 1672 415469 86268 503409 1434627 817 817 1435444 1411106 415469 415469 995637 817 817 996454 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2011 AND 2010, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COMPANY WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE COMPANY IS NO LONGER SUBJECT TO FEDERAL TAX EXAMINATION BY TAX AUTHORITIES FOR YEARS BEFORE 2008 AND STATE EXAMINATIONS FOR YEARS BEFORE 2007. PART XI, LINE 8 - OTHER ADJUSTMENTS: TUITION REFUND 86,268. DRIVE TO SUCCEED SUPERKART EVENT 97493 97493 4976 7800 2375 1500 16221 97493 97493 4976 7800 2375 1500 16221 32872 64621 1 OLD BRIDGE HIGH SCHOOL 4207 HIGHWAY 516 MATAWAN NJ 07747 226002056 OLD BRIDGE TNSHP SD 10000 20000 CATALOG PRICE TOOLS AND TIRES VOUCHERS AUTOMOTIVE SHOP LOS BANOS HIGH SCHOOL 1966 SOUTH 11TH STREET LOS BANOS CA 93635 522018057 LOS BANOS USD 7000 6000 CATALOG PRICE TOOLS AND TIRES VOUCHERS AUTOMOTIVE SHOP BOYS & GIRLS CLUB OF METRO PHOENIX 2645 NORTH 24TH STREET PHOENIX AZ 85008 860107639 501(C)(3) 15000 YOUTH SERVICES 3 BRIENNE DAVIS SCHOLARSHIP 3 30000 ROBERT HARTMAN OPPORTUNITY SCHOLARSHIP 2 10000 ROGER PENSKE OUTSTANDING STUDENT 2 24000 DAIMLER TRUCKS NA 9 45000 ALBERT CABITO 9 18000 BRIDGESTONE/FIRESTONE SCHOLARSHIP 7 14000 KNIGHT TRANSPORTATION 3 7500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A VISIT IS MADE TO THE HIGH SCHOOLS RECEIVING THE AWARD TO SPEAK WITH ADMINISTRATION, SCHOOL BOARD MEMBERS AND TEACHERS ABOUT THE AWARD AND THE UTI FOUNDATION. X 1 585 COST X GOODS 3 2224 COST AND FMV X TOOLS 1 4976 COST X GIFT CARDS 9 25175 COST AND FMV X TICKETS 6 1300 COST AND FMV 0 1 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 TWO NEW PROGRAMS UNDER THE BANNER OF DRIVE TO SUCCEED WERE ADDED IN 2011. 1) THE NATIONAL VIDEO CONTESTS AND 2) A ONE DAY CORPORATE SUPERKART RACE AT THE BOB BONDURANT SCHOOL OF HIGH PERFORMANCE DRIVING. ADDITIONAL DETAILS: 1) TWO NATIONAL VIDEO CONTESTS, "WHY MY HIGH SCHOOL AUTO SHOP NEEDS A MAKEOVER" AND "WHY I WANT TO BE A TECHNICIAN" WERE CONDUCTED. BOTH VIDEO CONTESTS SUPPORT HIGH SCHOOL AUTO SHOP PROGRAMS AND THEIR STUDENTS WHO ARE INTERESTED IN CAREERS AS PROFESSIONAL AUTOMOTIVE, DIESEL, COLLISION REPAIR, MOTORCYCLE, MARINE AND NASCAR TECHNICIANS. 2) THE SUPERKART RACE EVENT RAISES AWARENESS FOR THE NEED FOR TRAINED TECHNICIANS AND RAISES FUNDS FROM LOCAL CORPORATIONS FOR HIGH SCHOOL STUDENTS INTERESTED IN PURSUING A TECHNICAL EDUCATION. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 TWO SCHOLARSHIPS SUPPORTED BY LIVE NATION, THE GRAVEDIGGER SCHOLARSHIP AND THE JEREMY MCGRATH SCHOLARSHIP WERE DISCONTINUED UNDER THE UTI FOUNDATION BANNER. ADDITIONALLY, THE MERLYN PLUMLEE MEMORIAL SCHOLARSHIP WAS COMPLETED. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE AUTHORIZED TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO FILING THE RETURN, A DRAFT COPY IS SUBMITTED TO EXECUTIVE DIRECTOR AND THEN TO THE FINANCE COMMITTEE. THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW TO ENSURE THAT THE INFORMATION PRESENTED ON THE RETURN IS AN ACCURATE DESCRIPTION OF THE ACTIVITIES OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD AUTHORIZED POWERS SIGNS A STATEMENT WHICH AFFIRMS (S)HE HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY AND UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OF MORE OF ITS TAX-EXEMPT PURPOSES. THE ORGANIZATION ALSO CONDUCTS PERIODIC REVIEWS TO ENSURE THE FOUNDATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSE. THESE REVIEWS SPECIFICALLY LOOK AT COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS AND WHETHER PARTNESHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGAZATIONS CONFORM TO THE FOUNDATION'S WRITTEN POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS OF UNIVERSAL TECHNICAL INSTITUTE SCHOOL DETERMINES AND APPROVES THE COMPENSATION FOR THE DIRECTORS, TOP MANAGEMENT, OFFICERS, AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 1023, FORM 990 RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FOR INSPECTION UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,672. TUITION REFUND 86,268. TOTAL TO FORM 990, PART XI, LINE 5: 87,940.