SHEPHERD UNIVERSITY FOUNDATION INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SHEPHERD UNIVERSITY FOUNDATION INC (EIN 55-6020064)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-11-14
- IRS object ID
- 201223199349301792
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-14T09:36:21-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520783935 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITH ELLIOTT KEARNS & COMPANY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 480 N POTOMAC STREET | AddressLine1 |
| City | HAGERSTOWN | City |
| State | MD | State |
| ZIP Code | 21740 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 556020064 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHEPHERD UNIVERSITY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHEP | NameControl |
| Phone | 3048765391 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 5000 | AddressLine1 |
| City | SHEPHERDSTOWN | City |
| State | WV | State |
| ZIP Code | 25443 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MONICA W LINGENFELTER | Name |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Phone | 3048765286 | Phone |
| Date Signed | 2012-11-12 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM F FRITTS II CPA | Name |
| PTIN | P00003567 | PTIN |
| Phone | 3017335020 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MONICA W LINGENFELTER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | MCMURRAN HALL | AddressLine1 |
| City | SHEPHERDSTOWN | City |
| State | WV | State |
| ZIP Code | 25443 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 12914727 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.SHEPHERD.EDU/FNDTNWEB/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1961 | YearFormation |
| State Legal Domicile | WV | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 70 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1860110 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2295280 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 725761 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1307277 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 893 | OtherRevenuePriorYear |
| Other Revenue Current Year | 12623 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2586764 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3615180 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2438289 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2470703 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 315795 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 327919 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 265652 | OtherExpensePriorYear |
| Other Expenses Current Year | 357088 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3019736 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3155710 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -432972 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 459470 | RevenuesLessExpensesCY |
| Total Assets BOY | 26459928 | TotalAssetsBOY |
| Total Assets EOY | 25384270 | TotalAssetsEOY |
| Total Liabilities BOY | 3527362 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3341119 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 22932566 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 22043151 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDE SCHOLARSHIPS AND AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WV AND PROVIDE ASSISTANCE AND SUPPORT FOR FACULTY, FACILITIES AND PROGRAMS OF THE UNIVERSITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2299436 | Expense |
| Grants | 2299436 | Grants |
| Description | SCHOLARSHIPS & AWARDS - SHEPHERD UNIVERSITY STUDENTS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 171267 | Expense |
| Grants | 171267 | Grants |
| Description | GENERAL UNIVERSITY SUPPORT | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 2470703 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 18 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONICA W LINGENFELTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3048765397 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SHEPHERD UNIVERSITY | AddressLine1 |
| City | SHEPHERDSTOWN | City |
| State | WV | State |
| ZIP Code | 25443 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (34 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RAMON A ALVAREZ | ||||||
| PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| JAMES M DAVIS | ||||||
| VICE-PRESIDENT | 3.00 | X | X | 0 | 0 | 0 |
| ALLEN L LUECK | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| MICHAEL A SMITH | ||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 |
| JASON S BEST | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DEBORAH J DHAYER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LYNN E LEATHERMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNETTE M MURPHY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LISA K YOUNIS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JERRY P KERR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ELIZABETH S LOWE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID B WING | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM E KNODE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DAVID T NEWLIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CINDA L SCALES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANDREW D MICHAEL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KENNETH J BOONE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT A HOLMES | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SUSAN MENTZER-BLAIR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KENNETH E HARBAUGH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SUZANNE SHIPLEY | ||||||
| DIRECTOR-AT-LARGE | 1.00 | X | 0 | 0 | 0 | |
| LARRY A STRITE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KARL L WOLF | ||||||
| DIRECTOR-AT-LARGE | 1.00 | X | 0 | 0 | 0 | |
| SCOTT B DOLEMAN | ||||||
| DIRECTOR-AT-LARGE | 1.00 | X | 0 | 0 | 0 | |
| JERRY W WILLIAMS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN F BEATTY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TONY W PRICE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN T REYNOLDS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JULIA M CONNELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN G SKINNER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DIANE E MELBY | ||||||
| DIRECTOR-AT-LARGE | 1.00 | X | 0 | 0 | 0 | |
| TIMOTHY MCSHEA | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MONICA W LINGENFELTER | ||||||
| EXECUTIVE VICE PRESIDENT | 40.00 | X | 110605 | 0 | 7779 | |
| CATHY NEVY | ||||||
| COMPTROLLER | 40.00 | X | 62756 | 0 | 3015 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 173361 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 10794 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 2295280 | AllOtherContributions |
| Noncash Contributions | 652635 | NoncashContributions |
| Total Contributions | 2295280 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 602187 | TotalRevenueColumn |
| Exclusion | $602,187 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9971016 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9265926 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 705090 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 705090 | TotalRevenueColumn |
| Exclusion | $705,090 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 46244 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 33621 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12623 | TotalRevenueColumn |
| Exclusion | $12,623 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3615180 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,319,900 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171267 | Total |
| Program Services | 171267 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2299436 | Total |
| Program Services | 2299436 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 182977 | Total |
| Management And General | 182977 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108550 | Total |
| Management And General | 108550 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14981 | Total |
| Management And General | 14981 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21411 | Total |
| Management And General | 21411 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1424 | Total |
| Management And General | 1424 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19905 | Total |
| Management And General | 19905 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150247 | Total |
| Management And General | 150247 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1650 | Total |
| Management And General | 1650 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38678 | Total |
| Management And General | 38678 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276 | Total |
| Management And General | 276 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 420 | Total |
| Management And General | 420 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19 | Total |
| Management And General | 19 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16644 | Total |
| Management And General | 16644 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5438 | Total |
| Management And General | 5438 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5297 | Total |
| Management And General | 5297 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| UNCOLLECTIBLE PLEDGES R | 100100 | 100100 |
| CHANGE IN GIFT ANNUITIE | 12960 | 12960 |
| ADMINISTRATIVE | 1876 | 1876 |
| MISCELLANEOUS | 1351 | 1351 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 803 | Total |
| Management And General | 803 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3155710 | Total |
| Program Services | 2470703 | ProgramServices |
| Management And General | 685007 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1229025 | BOY |
| EOY | 1044872 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2209586 | BOY |
| EOY | 2525363 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 586475 | BOY |
| EOY | 343878 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3325 | BOY |
| EOY | 3319 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 339133 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 84809 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233860 | BOY |
| EOY | 254324 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22138421 | BOY |
| EOY | 21160420 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59236 | BOY |
| EOY | 51094 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26459928 | BOY |
| EOY | 25384270 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4401 | BOY |
| EOY | 6115 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3336212 | BOY |
| EOY | 3157153 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186749 | BOY |
| EOY | 177851 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3527362 | BOY |
| EOY | 3341119 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -1566363 | BOY |
| EOY | -3033428 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3920489 | BOY |
| EOY | 3004599 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20578440 | BOY |
| EOY | 22071980 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22932566 | BOY |
| EOY | 22043151 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26459928 | BOY |
| EOY | 25384270 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 459470 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1348885 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2553958 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2108144 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2477462 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1860110 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2295280 | CurrentTaxYear |
| Total | 11294954 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2553958 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2108144 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2477462 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1860110 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2295280 | CurrentTaxYear |
| Total | 11294954 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3052865 | AmountsSubstContributorsTotal |
| Public Support Total170 | 8242089 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 847740 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 623266 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 407008 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 518522 | CurrentTaxYearMinus1Year |
| Current Tax Year | 602187 | CurrentTaxYear |
| Total | 2998723 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 73987 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 5371 | CurrentTaxYearMinus2Years |
| Total | 88358 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 14382035 | TotalSupport |
| Gross Receipts From Admissions Etc | 207660 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.57310 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.59860 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Beginning Balance | 3336212 | BeginningBalance |
| Additions During Year | 378209 | AdditionsDuringYear |
| Distributions During Year | 557268 | DistributionsDuringYear |
| Ending Balance | 3157153 | EndingBalance |
| Included On FS | 1 | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20578440 | BeginningOfYearBalance |
| Contributions | 1488412 | Contributions |
| Investment Earnings Or Losses | 18174 | InvestmentEarningsOrLosses |
| Other Expenditures | 13046 | OtherExpenditures |
| End Of Year Balance | 22071980 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20073694 | BeginningOfYearBalance |
| Contributions | 493810 | Contributions |
| Investment Earnings Or Losses | 18357 | InvestmentEarningsOrLosses |
| Other Expenditures | 7421 | OtherExpenditures |
| End Of Year Balance | 20578440 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18414728 | BeginningOfYearBalance |
| Contributions | 1642449 | Contributions |
| Investment Earnings Or Losses | 18400 | InvestmentEarningsOrLosses |
| Other Expenditures | 1883 | OtherExpenditures |
| End Of Year Balance | 20073694 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18128282 | BeginningOfYearBalance |
| Contributions | 268315 | Contributions |
| Investment Earnings Or Losses | 18131 | InvestmentEarningsOrLosses |
| End Of Year Balance | 18414728 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 133000 | InvestmentCostOrOtherBasis |
| Book Value | 133000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 160202 | InvestmentCostOrOtherBasis |
| Depreciation | 67418 | Depreciation |
| Book Value | 92784 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 20931 | OtherCostOrOtherBasis |
| Depreciation | 17391 | Depreciation |
| Book Value | 3540 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 25000 | InvestmentCostOrOtherBasis |
| Book Value | 25000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 254324 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GIFT ANNUITIES PAYABLE | Description |
| Amount | $177,851 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 177851 | TotalOfAmounts |
| Total Revenue | 3615180 | TotalRevenue |
| Total Expenses | 3155710 | TotalExpenses |
| Excess Or Deficit For Year | 459470 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -1348885 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -1348885 | TotalAdjustments |
| Excess Or Deficit Per FS | -889415 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2288660 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1348885 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 22365 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | -1326520 | RevenueNotRptdF990 |
| Revenue Subtotal | 3615180 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 3615180 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3178075 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 22365 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 22365 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3155710 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3155710 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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, 2012 AND JUNE 30, 2011, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, THE TAX YEARS BEFORE 2009 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | GALA EVENT | NameOfEvent1 |
| Gross Receipts Event1 | 41850 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 41850 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 9627 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 3200 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 3442 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 41850 | GrossReceiptsTotal |
| Gross Revenue Total Events | 41850 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 9627 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 3200 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 3442 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 16269 | DirectExpenseSummaryEvents |
| Net Income Summary | 25581 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHEPHERD UNIVERSITY | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 301 NORTH KING STREET | AddressLine1 |
| City | SHEPHERDSTOWN | City |
| State | WV | State |
| ZIP Code | 254433210 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 556000799 | EINOfRecipient |
| Amount Of Cash Grant | 171267 | AmountOfCashGrant |
| Purpose Of Grant | GENERAL EXPENSES | PurposeOfGrant |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS & AWARDS FOR STUDENTS ATTENDING SHEPHERD UNIVERSITY, SHEPHERDSTOWN, WEST VIRGINIA | TypeOfGrant |
| Number Of Recipients | 480 | NumberOfRecipients |
| Amount Of Cash Grant | 2299436 | AmountOfCashGrant |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 350 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | APPRAISAL & EST. FMV | MethodOfDeterminingRevenues |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1822 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | ESTIMATED FMV | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 641700 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV - NYSE | MethodOfDeterminingRevenues |
Historical Artifacts HistoricalArtifacts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 87 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | ESTIMATED FMV | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (11 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | GIFT CERTIFICATES | 3 | 150 | ACTUAL COST |
| X | CRUISE CONTRIBUTION | 10 | 1000 | ACTUAL COST |
| X | LEATHER SOFA | 1 | 6000 | ESTIMATED FMV |
| X | THERMAL BAG | 1 | 20 | ESTIMATED FMV |
| X | SHIRTS & HATS | 1 | 3000 | ESTIMATED FMV |
| X | LONGABERGER BASKETS | 1 | 425 | ESTIMATED FMV |
| X | ORIENTAL RUG | 1 | 4500 | ESTIMATED FMV |
| X | RECOGNITION LUNCH | 1 | 212 | ACTUAL COST |
| X | DVD | 1 | 10 | ESTIMATED FMV |
| X | VERA BRADLEY BAG | 1 | 25 | ESTIMATED FMV |
| X | TELESCOPE & ACCESSORIES | 1 | 2250 | ESTIMATED FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,348,885. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| 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. |
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