2012-05-15T12:25:14-05:00 2011-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2010-07-01 480667209 Kansas State University Foundation KANS 7855327552 2323 Anderson Ave Manhattan KS 66502 GREG LOHRENTZ 7855327552 2012-05-15 true Michael J Engle 8162216300 2010 2016-02-24 21:20:13Z GREG LOHRENTZ 2323 ANDERSON AVE STE 500 MANHATTAN KS 66502 255927101 false X WWW.FOUND.KSU.EDU X 1944 KS KSU FOUNDATION ENCOURAGES AND PRUDENTLY MANAGES GIFTS DONATED FOR THE BENEFIT OF KANSAS STATE UNIVERSITY AND FOSTERS A CULTURE THAT UNITES PHILANTHROPIC DESIRES WITH UNIVERSITY PRIORITIES. 15 14 104 2620 105536 -34400 52317665 70353584 3482079 1742987 -951595 18721492 9022625 10591017 63870774 101409080 29529318 31621901 0 0 6353917 7840219 0 0 6026837 25943725 16951370 61826960 56413490 2043814 44995590 414595522 497498045 32044044 33360601 382551478 464137444 X THE MISSION OF THE KANSAS STATE UNIVERSITY FOUNDATION IS TO SECURE AND PRUDENTLY MANAGE PRIVATE GIFTS IN SUPPORT OF KANSAS STATE UNIVERSITY AND FOSTER A CULTURE THAT UNITES PHILANTHROPIC DESIRES WITH UNIVERSITY PRIORITIES. false false 29580562 22465906 548952 KANSAS STATE UNIVERSITY ADMINISTRATIVE SUPPORT FOR CENTRAL ADMINISTRATION, COLLEGES AND ATHLETICS. EXPENDITURES INCLUDE MONIES TRANSFERRED AND OR EXPENDED FOR SALARIES FOR FACULTY AND STAFF, TRAVEL FOR CONFERENCES, SEMINARS, SPEAKERS, VISITING PROFESSORS, EMPLOYEE RECRUITMENT, PROFESSIONAL AND CONSULTING SERVICES, EQUIPMENT AND COMPUTING PURCHASES. ADDITIONALLY, MONIES ARE TRANSFERRED TO ATHLETICS FOR USE IN SUPPORT OF ACADEMIC SERVICES, SPORTS MEDICINE, EQUIPMENT AND COMPUTER PURCHASES, TRAVEL COSTS AS WELL AS CAPITAL IMPROVEMENTS. 9240830 9147526 401212 KANSAS STATE UNIVERSITY SCHOLARSHIPS--GENEROUS DONORS TO KANSAS STATE UNIVERSITY FOUNDATION HAVE PROVIDED ENDOWED AND EXPENDABLE FUNDS TO BE USED FOR PROVIDING SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS OF KANSAS STATE UNIVERISTY. APPROXIMATELY 4,500 STUDENTS RECEIVED SCHOLARSHIP ASSISTANCE DURING THE 10/11 ACADEMIC YEAR. 5020748 0 357886 KANSAS STATE UNIVERSITY ACADEMIC SUPPORT. EXPENDITURES ARE MADE FOR THE PURCHASE OF COMPUTER HARDWARE & SOFTWARE, FURNITURE & EQUIPMENT, PROFESSIONAL SERVICES AND CONSULTATIONS, CLASSROOM & LAB SUPPLIES, 2628330 8469 540473 46470470 true true false true false false false false true true true false false true true false true false false true true true false true false false true true true false false false false false false false true true true false false false true true true false false true 225 0 true 104 true true true false false false false true true false false false true false X 15 14 false false true false true true true true true false false true true true true true true true true false AK AZ CA CO DC GA HI KY ME MD MA MI MN NH NJ NM NY OH OK OR PA SC TN UT WA WV WI X X GREG LOHRENTZ 7855326266 2323 ANDERSON AVE STE 500 MANHATTAN KS 66502 DUANE CANTRELL 10.0 X X 0 0 0 JOHN ALLEN EFF 22011 5.0 X 0 0 0 JANET AYRES 5.0 X 0 0 0 RAND BERNEY EFF 92010 5.0 X 0 0 0 LEE BORCK 5.0 X 0 0 0 CHARLIE CHANDLER EFF 22011 5.0 X 0 0 0 RANDY COONROD 5.0 X X 0 0 0 TARA CUPPS 5.0 X 0 0 0 CURTIS FRASIER 5.0 X X 0 0 0 LEE HARRIS 10.0 X 0 0 0 STEPHEN LACY 5.0 X 0 0 0 KEVIN LOCKETT 5.0 X 0 0 0 EARL MCVICKER 5.0 X X 0 0 0 AUDREY MROSS 5.0 X 0 0 0 RICHARD MYERS 5.0 X X 0 0 0 BILL SANFORD 5.0 X 0 0 0 PAUL STEPHENSON TERM ENDED 22011 5.0 X 0 0 0 FRED A CHOLICK 45.0 X 243869 0 29357 ALAN L KLUG 45.0 X 180262 0 29915 DAVID L WEAVER 45.0 X 182958 0 27173 MICHAEL J SMITH 45.0 X 177734 0 28737 JULIE A LEA 45.0 X 106421 0 21457 WILLIAM M GREVAS 45.0 X 136618 0 19928 LOIS D COX 45.0 X 126215 0 23384 GLENN D KIPPES 45.0 X 126121 0 20097 TRESA L WEAVER 45.0 X 122140 0 15305 MITZI M RICHARDS 45.0 X 109913 0 24792 1512251 0 240145 10 false true false OPUS NW CONSTRUCTION LLC CONSTRUCTION 1647790 DESIGNED BUSINESS INTERIORS DESIGN SERVICES 549701 CHENEY CONSTRUCTION INC CONSTRUCTION 531263 CYTEK MEDIA SYSTEMS INC IT SERVICES 346082 THE LAW COMPANY CONSTRUCTION 182931 8 148872 847018 69357694 8380743 70353584 PROGRAM SERVICE REVENUE 900099 1742987 1742987 1742987 213522 213522 0 624128 6877 617251 1079749 614368 465381 465381 44917 420464 171691229 28938 151530723 1681474 20160506 -1652536 18507970 18507970 702240 847018 691456 10784 10784 0 0 SOLE SOURCE CONTRACT & REIMBURSEMENT 900099 3522335 3522335 PARTNERSHIP AND OTHER INVESTMENT INCOME 525990 2114721 53742 2060979 ACTUARIAL GAIN/LOSS TRUST 525920 2354458 2354458 1499210 1499210 9490724 101409080 1742987 105536 29206973 22786423 22786423 8827009 8827009 8469 8469 0 1169783 624460 545323 0 5401316 387856 1699580 3313880 358211 23091 92289 242831 522364 33111 129016 360237 388545 25150 101130 262265 0 188213 8708 179505 96997 96997 11504 11504 0 87105 87105 2396877 2193888 877 202112 300738 75515 15354 209869 1175028 710889 67133 397006 3727487 3338274 389213 0 401693 308226 93467 1394192 997979 35248 360965 0 295796 123400 76786 95610 126883 126883 0 195615 13137 182478 373960 337822 36138 Construction 1165185 1165185 Equipment and Furnishings 1895107 1895107 Official Hospitality 1931713 1931713 Filing Fees & Services Charges 477827 472857 4970 _ 709450 668274 4437 36739 56413490 46470470 3916183 6026837 47262815 35611442 24771182 39041292 2211308 2146551 2002201 551318 31010934 4494829 26574104 26516105 141132145 206441544 166886777 183187413 3754990 4002380 414595522 497498045 2411053 1869492 395000 0 2001365 1852356 27236626 29638753 32044044 33360601 X 8980343 51878967 41330306 148216763 332240829 264041714 382551478 464137444 414595522 497498045 X 44995590 36590376 X false true true X false X 51341162 56626922 48870396 52317665 70353584 279509729 51341162 56626922 48870396 52317665 70353584 279509729 6037209 273472520 13760627 10914215 1880234 1398259 1910522 29863857 0 0 0 12548 0 12548 3418821 3216191 2352653 8257602 9490725 26735992 336122126 20142906 0.81361 0.72890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 11504 11504 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B, LINE 1I DIRECT EXPENSES FOR PROVIDING INFORMATION REGARDING ISSUES AFFECTING KANSAS STATE UNIVERSITY 318507228 23065868 52771682 4279316 14411862 2145264 373508336 284970556 13437455 28574060 5529575 2515195 430073 318507228 377571367 16145871 -94812253 7125201 6001670 807558 284970556 0.14000 0.69000 0.17000 false false 15318129 2562166 17880295 9722426 1454960 8267466 4544 3403669 3039869 368344 26516105 0 F PARTNERSHIPS & OTHER INVEST. 183187413 F 183187413 0 UNITRUST & ANNUITY 20785753 ASSETS FOR KSU 8853000 29638753 101409080 56413490 44995590 36519838 70557 36590395 81585985 149883561 36519838 424229 11543551 48487618 101395943 13137 13137 101409080 58317912 424229 1493330 1917559 56400353 13137 13137 56413490 INTENDED USE OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE FOUNDATION HOLDS PERMANENT ENDOWMENTS IN PERPETUITY. INVESTING THE PRINCIPAL AND USING A PORTION OF THE ANNUAL INVESTMENT RETURN TO SUPPORT THE PURPOSE DESIGNATED BY THE DONOR. 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 CHANGES IN NET ASSETS SCHEDULE D, PART XI, LINE 8 TAX DEPRECIATION ON UBIT PROPERTIES $ 70,565 RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINES 2D & 4B LINE 2D: FUNDRAISING EVENT EXPENSES $ 691,456 RENTAL EXPENSES ON UBIT PROPERTIES $ 79,075 DEPRECIATION ON UBIT PROPERTIES $ 70,565 ELIMINATE SUPPORTING ORGANIZATIONS REVENUE $ 10,702,455 ------------ $ 11,543,551 LINE 4B: DEPRECIATION ON PROGRAM SERVICE ASSETS $ 13,137 RECONCILIATION OF EXPESNES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XIII, LINE 2D LINE 2D: FUNDRAISING EVENT EXPENSES $ 691,456 RENTAL EXPENSES ON UBIT PROPERTIES $ 79,075 ELIMINATE SUPPORTING ORGANIZATION EXPENSES $ 722,791 ------------ $ 1,493,142 LINE 4B: DEPRECIATION ON PROGRAM SERVICE ASSETS $ 13,137 Central America and the Caribbean Investments X TUITION Europe/Iceland/Greenland 3 8469 WIRE TRANS true false false true true false WABASH CANNONBA 452424 376754 75670 13192 73080 4800 71796 POWERCAT AUCTIO 297501 100332 197169 27222 29772 500 47165 32 724470 350168 374302 6108 2746 13197 100330 27910 117309 1474395 827254 647141 6108 43160 13197 203182 33210 236270 535127 112014 true K-STATE ATHLETICS INC 1800 COLLEGE AVE MANHATTAN KS 66502 486098838 501(c)(3) 17409618 SCHOLARSHIP/SUPRT K-STATE ATHLETICS INC 1800 COLLEGE AVE MANHATTAN KS 66502 486098838 501(c)(3) 648405 VARIOUS SEE PART IV DEPT & STUDENT ATH SUPPORT KANSAS STATE UNIVERSITY ALUMNI ASSOCIATION 1720 ALUMNI CENTER MANHATTAN KS 66502 480495055 501(c)(3) 188565 SCHOLARSHIP/SUPRT KANSAS STATE UNIVERSITY ALUMNI ASSOCIATION 1720 ALUMNI CENTER MANHATTAN KS 66502 480495055 501(c)(3) 11989 VARIOUS SEE PART IV SUPPORT KANSAS STATE UNIVERSITY ANDERSON HALL MANHATTAN KS 66506 480771751 501(c)(3) 5047800 SCHOLARSHIP/SUPRT KANSAS STATE UNIVERSITY ANDERSON HALL MANHATTAN KS 66506 480771751 501(c)(3) 6654587 VARIOUS SEE PART IV SCHOLARSHIP/SUPRT US DEPT OF EDUCATION 400 MARYLAND AVE SW WASHINGTON DC 20202 GOVERNMENTAL 70313 SCHOLARSHIP SALLIE MAE PO BOX 9500 WILKESBARRE PA 18773 GOVERNMENTAL 57574 SCHOLARSHIP MANHATTAN CHAMBER OF COMMERCE 501 POYNTZ MANHATTAN KS 66502 480319620 501(C)(6) 10000 CORP PARTNER GRANT 6 1 SCHOLARSHIPS FOR STUDENTS ATTENDING KSU 4277 8771434 FELLOWSHIPS 2 9969 OTHER AWARDS FOR STUDENTS 82 45606 Procedures for Monitoring the use of grant funds in the U.S. Part I, Line 2. SCHOLARSHIP REQUESTS FROM ENDOWED FUNDS ARE COORDINATED THROUGH THE OFFICE OF STUDENT FINANCIAL ASSISTANCE (SFA) FOR KANSAS STATE UNIVERSITY. SFA DETERMINES WHETHER THE STUDENT MEETS THE REQUIREMENTS STIPULATED BY THE DONOR. DESCRIPTION OF NON-CASH ASSISTANCE SCHEDULE I, PART II, COLUMN G, LINES 2,4, & 6 LINE 2: MARKETABLE SECURITIES, HORSES FOR EQUESTRIAN TEAM, EQUIPMENT AND OTHER PERSONAL PROPERTY. LINE 4: MARKETABLE SECURITIES, FOOD AND BEVERAGE LINE 6: MARKETABLE SECURITIES, FARM AND REAL ESTATE, EQUIPMENT, AND COMPUTER SOFTWARE X X true true X X X false true false false false false false false false FRED A CHOLICK 220216 0 22619 0 1034 0 18047 0 11310 0 273226 0 0 0 ALAN L KLUG 178939 0 0 0 1323 0 15469 0 14446 0 210177 0 0 0 DAVID L WEAVER 182141 0 25 0 792 0 15272 0 11901 0 210131 0 0 0 MICHAEL J SMITH 176027 0 0 0 1707 0 15143 0 13594 206471 0 0 0 WILLIAM M GREVAS 136438 0 0 0 180 0 11647 0 8281 0 156546 0 0 0 OTHER COMPENSATION SCHEDULE J, PART I, LINE 1A KANSAS STATE UNIVERSITY FOUNDATION PAID FOR COMPANION TRAVEL FOR FRED CHOLICK. IT WAS NOT INCLUDED IN HIS W-2 BECAUSE MR. CHOLICK REIMBURSED KANSAS STATE UNIVERSITY FOUNDATION FOR THE COST OF THE COMPANION TRAVEL. KANSAS STATE UNIVERSITY FOUNDATION PAID FOR COUNTRY CLUB DUES FOR FRED CHOLICK, ALAN KLUG, AND MIKE SMITH. THE AMOUNT PAID FOR CLUB DUES WAS INCLUDED IN THE INDIVIDUALS W-2'S. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SCHEDULE J, PART I, LINE 4B ALAN KLUG, DAVID WEAVER, AND MIKE SMITH PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. NO CONTRIBUTIONS OR ACCRUALS WERE MADE DURING THE CURRENT FISCAL YEAR. SEE PART IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV (A) NANOSCALE (B) MR. BILL SANFORD IS PRESIDENT OF NANOSCALE AND A DIRECTOR OF THE KANSAS KANSAS STATE UNIVERSITY FOUNDATION. (C) $190,814 (D) NANOSCALE LEASES OFFICE SPACE FROM THE KANSAS STATE UNIVERSITY FOUNDATION (E) NO X 30 58076 Appraisal/Sales X 34796 COST OR SALES X 42710 COST OR SALES X 2 41850 COST OR SALES X 1 2977900 COST OR SALES X 117 2178725 SELLING PRICE X 1 148000 APPRAISAL X 4 1294363 APPRAISAL X 18 25504 COST OR SALES X 35 34998 COST OR SALES X EQUIPMENT 38 1128545 COST OR SALES X LIVESTOCK 106 346137 APPRAISAL/SALES X MISCELLANEOUS 26 13114 COST OR SALES X AUCTION ITEMS 293 56025 COST OR SALES 8 false false true NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN B THE NUMBERS IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. USE OF THIRD PARTIES SCHEDULE M, PART I, LINE 32B THE ORGANIZATION USES THIRD PARTY STOCK BROKERS TO SELL GIFTS OF PUBLICLY TRADED SECURITIES. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4D KANSAS STATE UNIVERSITY CONSTRUCTION PROJECTS, INCLUDING CONSTRUCTION AND PROFESSIONAL SERVICES ASSOCIATED WITH THE CONSTRUCTION & IMPROVEMENT OF BUILDINGS LOCATED ON THE CAMPUS OF KANSAS STATE UNIVERSITY. OTHER KANSAS STATE UNIVERSITY EXPENSES, INCLUDING RESEARCH, TRAVEL, SUPPLIES & DEPARTMENTAL ACTIVITIES, PORTFOLIO INVESTMENT MANAGMENT EXPENSES AND INTEREST EXPENSE INCURRED ON BEHALF OF KSU PROJECTS. SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS FORM 990, PART VI, LINE 4 THE SIGNIFICANT CHANGES THAT WERE MADE TO THE ORGANIZATIONS GOVERNING DOCUMENTS SINCE THE PRIOR FORM 990 WAS FILED ARE THAT THE BYLAWS WERE AMENDED TO LIMIT THE NUMBER OF MEMBERS THAT MAY COMPRISE THE BOARD OF TRUSTEES TO NO MORE THAN 500 MEMBERS. THE MEMBERS OF THE BOARD OF TRUSTEES SHALL ELECT THE GOVERNNING BODY NAMED THE BOARD OF DIRECTORS (FORMERLY THE EXECUTIVE COMMITTEE). THE 15 MEMBER BOARD OF DIRECTORS HAS FIDUCIARY RESPONSIBILITY FOR ALL ACTIONS OF THE KANSAS STATE UNIVERSITY FOUNDATION AND NOT THE LARGER MEMBER BODY OF THE BOARD OF TRUSTEES. THE BOARD OF DIRECTORS MUST MEET A MINIMUM OF FOUR TIMES PER CALANDER YEAR. MEMBERS FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE KANSAS STATE UNIVERSITY FOUNDATION INCLUDE ALUMNI AND FRIENDS OF KANSAS STATE UNIVERSITY WITH A DEMONSTRATED RECORD OF DEDICATION AND/OR CONTRIBUTION TO THE WELL-BEING AND DEVELOPMENT OF KANSAS STATE UNIVERSITY. THESE INDIVIDUALS ARE ELECTED TO THE BOARD OF TRUSTEES OF THE KANSAS STATE UNIVERSITY FOUNDATION BY CURRENT MEMBERS OF THE BOARD OF TRUSTEES (A MAXIMUM OF 500 MEMBERS IS PROVIDED FOR IN THE BYLAWS). SERVING AS A MEMBER OF THE BOARD OF TRUSTEES IS MORE THAN HONORARY, IT ENCOURAGES ACTIVE PARTICIPATION IN A VARIETY OF ACTIVITIES CONTRIBUTING TO THE EDUCATIONAL AND FINANCIAL SUCCESS OF THE THE UNIVERSTIY AND THE FOUNDATION. HOWEVER, MEMBERS OF THE BOARD OF TRUSTEES SHALL NOT HAVE ANY FIDUCIARY DUTY TO THE FOUNDATION OR THE OTHER MEMBERS. THE MEMBERS HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD OF DIRECTORS. THE MEMBERS ARE NOT ETITLED TO RECEIVE A SHARE OF KANSAS STATE UNIVERSITY FOUNDATION'S NET ASSETS UPON DISSOLUTION. MEMBERS MAY ELECT GOVERNING BOARD FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES ELECT FROM ITS MEMBERSHIP, 14 PERSONS TO SERVE ON THE BOARD OF DIRECTORS, WHICH SHALL BE A SEPARATE AND DISTINCT BODY FROM THE BOARD OF TRUSTEES. THE CHIEF EXECUTIVE OFFICER OF THE ALUMNI ASSOCIATION BOARD OF DIRECTORS (OR DESIGNATE), MAKES UP THE 15TH MEMBER TO THE BOARD OF DIRECTORS. THE MANAGEMENT, CONTROL AND SUPERVISION OF THE BUSINESS AND AFFAIRS OF THE FOUNDATION SHALL BE VESTED IN THE BOARD OF DIRECTORS. GOVERNING BOARD DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PART VI, SECTION A, LINE 7B THE BYLAWS FOR THE FOUNDATION MAY BE AMENDED BY (i) A TWO-THIRDS (2/3) VOTE OF THOSE MEMBERS PRESENT AND ENTITLED TO VOTE AT ANY ANNUAL OR DULY CALLED SPECIAL MEETING OF THE BOARD OF TRUSTEES, PROVIDED THE PROPOSED AMENDMENTS HAVE BEEN SUBMITTED TO THE MEMBERS AT LEAST THIRTY (30) DAYS PRIOR TO SUCH MEETING; OR (ii) A MAJORITY VOTE OF THOSE DIRECTORS PRESENT AND ENTITLED TO VOTE AT ANY MEETING OF THE BOARD OF DIRECTORS. OTHERWISE, NO DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY THE BOARD OF TRUSTEES (MEMBERS). FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 12C THE IRS FORM 990 IS PREPARED BY THE COMPLIANCE OFFICER OF THE KANSAS STATE UNIVERSITY FOUNDATION. THE FORM 990 IS THEN REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM. ANY QUESTIONS OR CONCERNS THAT THE INDEPENDENT ACCOUNTANT HAS ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. ONCE COMPLETED THE IRS FORM 990 IS PROVIDED TO ALL MEMBERS OF THE FINANCE AND AUDITING COMMITTEE IN ADVANCE OF A COMMITTEE MEETING. THE FORM 990 IS DISCUSSED AT A COMMITTEE MEETING AND ANY QUESTIONS ARE ANSWERED BY THE CFO AND THE INDEPENDENT ACCOUNTANT. THE FINANCE AND AUDITING COMMITTEE RECOMMENDS THE APPROVAL OF THE FILING OF THE TAX RETURN TO THE BOARD OF DIRECTORS. A COPY OF THE FINAL FORM 990 WITH ALL REQUIRED SCHEDULES IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS IN ADVANCE OF A REGULARLY SCHEDULED QUARTERLY MEETING. THE BOARD OF DIRECTORS DISCUSSES THE RETURN AND ANY QUESTIONS ARE ANSWERED BY THE CFO OF THE ORGANIZATION. THE BOARD OF DIRECTORS TAKES AFFIRMATIVE ACTION TO APPROVE THE FILING OF THE FORM 990 WITH IRS. THE FORM 990 IS THEN ELECTRONICALLY FILED BY THE INDEPENDENT ACCOUNTING FIRM WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS OF THE FOUNDATION, MEMBERS OF ANY FOUNDATION COMMITTEE WITH BOARD-DELEGATED POWERS, AND KEY EMPLOYEES MUST COMPLETE THE CONFLICT OF INTEREST STATEMENT. ANY POTENTIAL CONFLICTS THAT ARE DISCLOSED ON THE COMPLETED STATEMENT ARE DISCUSSED AT A BOARD OF DIRECTORS MEETING. IT IS THE RESPONSIBILITY OF EACH PERSON WHO IS REQUIRED TO COMPLETE THE QUESTIONAIRE TO NOTIFY THE CHAIRMAN OF THE BOARD OF DIRECTORS AS SOON AS ANY POTENTIAL CONFLICT OF INTEREST MEASURE, CONTRACT, RESOLUTION, GRANT, OR OTHER TRANSACTION OCCURS. THE FOLLOWING PROCEDURES ARE REQUIRED FOR BOARD ACTION WHEN A CONFLICT OF INTEREST EXISTS: THE INTERESTED PERSON MAY MAKE A PRESENTATION AT A BOARD MEETING, BUT AFTER MUST LEAVE THE MEETING DURING THE VOTE ON THE TRANSACTION; THE BOARD MAY APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES; THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF DISINTERESTED MEMBERS WHETHER THE TRANSACTION IS IN THE FOUNDATION'S BEST INTEREST; THE BOARD WILL FOLLOW ALL CONFLICTS OF INTEREST LAWS TO THE EXTENT THEY APPLY TO THE BOARD. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & 15B THE COMPENSATION COMMITTEE OF THE KANSAS STATE UNIVERSITY FOUNDATION REVIEWS THE COMPENSATION FOR THE PRESIDENT/CEO AND ALL OTHER OFFICERS AND KEY EMPLOYEES. IN ACCORDANCE WITH THE COMPENSATION POLICY COMPARABLE DATA IS REVIEWED AND CONTEMPORANEOUS MINUTES ARE MAINTAINED. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE KANSAS STATE UNIVERSITY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEB-SITE AT WWW.FOUND.KSU.EDU RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 NET UNREALIZED GAINS(LOSSES) ON INVESTMENTS $ 36,519,838 DEPRECIATION ON UBIT PROPERTIES $ 70,565 ROUNDING $ 27 ------------ $ 36,590,376 KSU GOLF COURSE MGMT & RESEARCH FOUND 5200 COLBERT HILLS DR MANHATTAN KS 66503 742830002 GOLF COURSE KS 501(C)(3) 11A NA FOUNDATION FOR ENGINEERING AT KANSAS STA 2323 ANDERSON AVE SUITE 500 MANHATTAN KS 66502 263520449 SUPPORT KS 501(C)(3) 11A NA false true false false false false false false false false true false false false false false true false KSU GOLF COURSE B 50000 KSU GOLF COURSE Q 344709