2012-11-13T10:00:09-08:00 2011-12-31 Hayashi & Wayland CPAs 1188 Padre Drive Suite 101 Salinas CA 93901 990 2011-01-01 237098729 NAVAL POSTGRADUATE SCHOOL FOUNDATION INC NAVA 8316562339 P O BOX 8626 MONTEREY CA 93943 Bill Warner 2012-11-13 true Mike Nolan 8317596300 2011 2016-02-24 21:20:13Z MERRILL RUCK P O BOX 8626 MONTEREY CA 93943 2102463 false false X www.npsfoundation.org X 1970 CA THE FOUNDATION SOLICITS, RECEIVES AND ADMINISTERS CONTRIBUTIONS OF CASH, PROPERTY AND OTHER INSTRUMENTS TO PROVIDE AWARDS AND UNDERTAKE OTHER APPROPRIATE PROJECTS TO SUPPORT THE PROGRAMS AND GOALS OF THE NAVAL POSTGRADUATE SCHOOL AND OTHER NON-PROFIT ORGANIZATIONS. 24 24 10 191 0 1174774 1171573 106706 83754 116082 171863 182980 283711 1580542 1710901 487372 490101 0 307142 339187 0 198876 458560 502393 1253074 1331681 327468 379220 4526743 4485611 129790 72211 4396953 4413400 FOSTER EDUCATION AT UNITED STATES NAVAL POSTGRADUATE SCHOOL AND SUPPORT OTHER NON-PROFIT ORGANIZATIONS THAT ASSIST THE DEPARTMENT OF DEFENSE. false false 796836 490101 83754 THE ORGANIZATION RECEIVES CONTRIBUTIONS FROM GENERAL PUBLIC AND PROVIDES SUPPORT TO STUDENTS AND FACULTY OF THE NAVAL POSTGRADUATE SCHOOL. IT MANAGES FUNDS SET UP FOR APPROXIMATELY 30 DIFFERENT PURPOSES. 796836 true true false false false false false false false false false false false false true true true false false false false false false false true false false true true false false false false false false false false false false false false true false false false false false false false false false true 41 0 true 10 true false false false false false false false false false false false 0 false false false false false false false false false false false X 24 24 false false false false false false false true true false false false true true true true true true true true false false CA X MERRILL RUCK 8316562339 NAVAL POSTGRADUATE SCHOOL MONTEREY CA 93940 DAVID REESE 2.00 X 0 0 0 RICHARD ELSTER 2.00 X 0 0 0 DAVID DENIGER 2.00 X 0 0 0 MICHAEL CHANDLER 4.00 X X 0 0 0 David Liskin 2.00 X 0 0 0 Gordon Eubanks 2.00 X 0 0 0 ROBERT ROGERS 2.00 X 0 0 0 STEPHEN MCGOWAN 4.00 X X 0 0 0 Alan Silverman 3.00 X 0 0 0 Darnell Whitt 5.00 X X 0 0 0 Bill Warner 8.00 X X 0 0 0 Kenneth Petersen 4.00 X X 0 0 0 Richard J Pagnillo 4.00 X 0 0 0 JAMES B HEBENSTREIT 2.00 X 0 0 0 Karen Hargrove 5.00 X X 0 0 0 VANCE COFFMAN 2.00 X 0 0 0 James Greene 3.00 X X 0 0 0 Robert Kavner 2.00 X 0 0 0 Robert Rice 3.00 X 0 0 0 Peter Blackstock 4.00 X 0 0 0 Clarence Armstrong 3.00 X 0 0 0 Suzanne Gehri Fortune 3.00 X 0 0 0 Henry Mauz 4.00 X X 0 0 0 DONALD BEALL 2.00 X 0 0 0 MERRILL RUCK 40.00 X 104844 0 2500 104844 2500 1 false false false 0 557946 613627 102470 1171573 ADMINISTRATIVE FEES 561000 83754 83754 83754 171863 171863 0 0 0 0 309529 557946 235873 73656 73656 0 365744 155689 210055 210055 0 1710901 539328 465000 465000 25101 25101 0 0 107344 107344 0 204300 46192 158108 0 0 27543 12440 15103 83754 83754 0 36598 36598 0 0 0 13573 11978 1595 12015 12015 18559 2191 5027 11341 4711 4711 0 3216 3216 3453 3206 247 0 119853 119210 643 0 0 0 3891 3891 SOFTWARE 102470 102470 Postage and Shipping 2953 2953 MISC EXPENSES 33488 16296 3115 14077 CREDIT CARD FEES 24205 24205 Bad Debt Expense 39369 39369 285 285 1331681 796836 335969 198876 574524 647310 0 850 0 0 0 0 0 71510 54638 0 0 3553332 3644622 282658 139041 0 0 43869 0 4526743 4485611 122790 24711 45000 7000 2500 129790 72211 X 2097868 2769396 2299085 1644004 4396953 4413400 4526743 4485611 X 379220 -362773 X false true true X false false X 729421 1684856 1342132 1174774 1171573 6102756 0 39616 39616 30116 14116 32016 155480 769037 1724472 1372248 1188890 1203589 6258236 0 6258236 161062 118449 93617 116082 171863 661073 0 805060 53724 103137 106706 83754 1152381 8071690 0.77530 0.78110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FUNDS HELD FOR OTHERS 2500 2500 1710901 1331681 379220 -362773 -362773 16447 1380144 -362773 32016 -330757 1710901 1710901 1363697 32016 32016 1331681 1331681 Part X Part X : FIN48 Footnote The Foundation is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3) and from California income taxes under Revenue and Taxation Code Section 23701(d), and is classified as other than a private foundation.The Financial Accounting Standards Board issued new guidance on accounting for uncertainty in income taxes. The Organization adopted this new guidance for the year ended December 31, 2009. Management evaluated the Organization's tax positions and concluded that the Organization had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Organization is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2008 for federal purposes and 2007 for state and local authorities. false GOLF TOURNAMENT 646926 477200 169726 81428 26165 WINTER BALL 220549 80746 139803 13525 63256 51499 867475 557946 309529 13525 144684 77664 235873 73656 true SENTINELS OF FREEDOM PO BOX 1316 SAN RAMON CA 94583 208139201 501 (c) (3) 150000 0 TO SUPPORT DONEE'S PROGRAMS SEAL FOUNDATION 1619 D STREET BUILDING 5266 VIRGINIA BEACH VA 23459 311728910 501 (c) (3) 10000 0 TO SUPPORT DONEE'S PROGRAMS NAVY-MARINE CORPS RELIEF SOCIETY 875 N RANDOLPH STREET SUITE 225 ARLINGTON VA 22203 530204618 501 (c) (3) 60000 0 TO SUPPORT DONEE'S PROGRAMS INJURED MARINE SEMPER FI FUND PO BOX 555193 CAMP PENDELTON CA 92055 260086305 501 (c) (3) 160000 0 TO SUPPORT DONEE'S PROGRAMS DEPARTMENT OF THE NAVY 1 UNIVERSITY CIRCLE MONTEREY CA 93943 GOVT ORGANIZATION 85000 0 TO SUPPORT NPS 5 0 SCHOLARSHIP AWARDS 47 25101 SOFTWARE 1 10495 FMV SOFTWARE 1 91975 FMV false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE COPIES OF DOCUMENTS ARE PROVIDED UPON REQUEST. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees ~DETERMINING REASONABLE COMPENSATION~~THE FOUNDATION SHALL SATISFY THE LEGAL PRESUMPTION OF REASONABLENESS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 4958 REGARDING INTERMEDIATE SANCTIONS, BY FOLLOWING THESE STEPS WHEN DETERMINING THE ANNUAL COMPENSATION FOR ANY FOUNDATION INSIDER:~COMPENSATION ARRANGEMENT SHALL BE APPROVED IN ADVANCE BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. THIS GROUP SHALL BE COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. THE MEMBERS OF THE GROUP CAN CHANGE DEPENDING UPON THE PERSON WHOSE COMPENSATION IS UNDER REVIEW.~BEFORE MAKING THE REASONABLE COMPENSATION DETERMINATION, THE EXECUTIVE COMMITTEE GROUP SHALL RELY UPON COMPARABILITY DATA (COMPARABILITY DATA INCLUDES COMPENSATION PAID BY COMPARABLE AND SIMILARLY SITUATED ENTITIES) IN DECIDING WHETHER TO APPROVE THE COMPENSATION.~THE EXECUTIVE COMMITTEE MEMBERS SHALL CONTEMPORANEOUSLY DOCUMENT IN WRITING ITS BASIS FOR MAKING ITS REASONABLE COMPENSATION DETERMINATION. THE FOUNDATION UTILIZES A WORKSHEET THAT IS COMPLETED BY THE GROUP WHEN IT CONVENES, AND THE WORKSHEET SHALL SERVE AS THE REQUIRED WRITTEN DOCUMENTATION FOR THE FOLLOWING:~TERMS OF THE APPROVED COMPENSATION AND THE DATE APPROVED.~MEMBERS OF THE EXECUTIVE COMMITTEE GROUP PRESENT DURING DISCUSSIONS ON THE COMPENSATION AMOUNT, THOSE WHO VOTED AND HOW THEY VOTED.~DESCRIPTION OF COMPARABILITY DATA OBTAINED AND RELIED UPON; HOW THE DATA WAS OBTAINED.~ANY ACTIONS BY AN EXECUTIVE COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST (E.G., DISCLOSURE OF CONFLICT OF INTEREST; RECUSAL FROM THE DISCUSSION)~THE REASONABLE COMPENSATION DISCUSSION SHALL BE UNDERTAKEN BY THE EXECUTIVE COMMITTEE MEMBERS ANNUALLY; THE INDIVIDUAL WHOSE COMPENSATION IS BEING DISCUSSED SHALL NOT BE PRESENT DURING SUCH DISCUSSIONS. THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE PRESENTED FOR FULL BOARD OF TRUSTEES APPROVAL AT ITS ANNUAL MEETING IN NOVEMBER. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ~DUTY TO DISCLOSE~~IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTERESTS AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE COMMITTEE OF THE FOUNDATION WHEN THE EXECUTIVE COMMITTEE CONSIDERS A PROPOSED TRANSACTION OR ARRANGEMENT.~ADDRESSING THE CONFLICT OF INTEREST~~THE PRESIDING OFFICER OF THE EXECUTIVE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT.~AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.~IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE FOUNDATION, AND WHETHER IT IS FAIR AND REASONABLE. ONCE THIS DETERMINATION IS MADE, THE EXECUTIVE COMMITTEE SHALL DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.~VIOLATIONS OF CONFLICT OF INTEREST POLICY~IF THE EXECUTIVE COMMITTEE HAS REASON TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE, IT SHALL INFORM THE MEMBER OF THE BASIS AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INQUIRY, OR THE EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE EXECUTIVE COMMITTEE SHALL TAKE APPROPRIATE AND CORRECTIVE ACTION. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process ~THE EXECUTIVE COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE FOUNDATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.~A DRAFT OF THE FORM 990 SHALL BE READY FOR REVIEW BY THE EXECUTIVE COMMITTEE NO LATER THAN ONE MONTH PRIOR TO THE FILING DEADLINE.~AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE EXECUTIVE COMMITTEE, THEY HAVE NO MORE THAN TWO WEEKS TO COMPLETE THEIR REVIEW.~IN CONDUCTING THEIR REVIEW OF THE DRAFT OF THE FORM 990, IT IS PREFERRED THAT THE EXECUTIVE COMMITTEE SHALL CONDUCT A TOP-LEVEL OR BIG PICTURE TYPE REVIEW; HOWEVER, IF THE EXECUTIVE COMMITTEE DESIRES OR DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THEY SHOULD CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVANT TAX RETURN WORK PAPERS THEY WOULD LIKE TO SEE.~ONCE THE EXECUTIVE COMMITTEE HAS COMPLETED THEIR INITIAL REVIEW OF THE FORM 990, EITHER A MEETING OR A CONFERENCE CALL SHALL BE SCHEDULED WITH THE PREPARER OF THE FORM 990 (REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE EXECUTIVE COMMITTEE.~THE PREPARER OF THE FORM 990 SHALL MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS.~ALL OF THE QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE EXECUTIVE COMMITTEE SHOULD BE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE.~AFTER THE FORM 990 HAS BEEN REVIEWED BY THE EXECUTIVE COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE EXECUTIVE COMMITTEE SHALL MAKE A PRESENTATION AT THE NEXT FULL BOARD OF TRUSTEES MEETING TO UPDATE THE FULL BOARD REGARDING THE REVIEW OF THE FORM 990; AT THIS MEETING WITH THE FULL BOARD OF TRUSTEES, IT IS NOT REQUIRED FOR THE EXECUTIVE COMMITTEE TO REVIEW ALL THEIR QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS; A SUMMARY OF THEIR IMPORTANT POINTS WILL BE SUFFICIENT.