2011-04-01T15:52:57-05:00 2010-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2009-07-01 480996330 MidAmerica Nazarene University Foundation MIDA 9139713600 2030 E College Way Olathe KS 66062 JON D NORTH 2011-04-15 true Michael J Engle 8162216300 2009 2016-02-24 21:20:13Z JON D NORTH 2030 E College Way Olathe KS 66062 4217740 false X www.mnu.edu X 1984 KS EDUCATIONAL, RELIGIOUS, AND CHARITABLE SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY BY PROVIDING SCHOLARSHIP FUNDS AND OTHER ASSISTANCE TO THE UNIVERSITY. 15 11 0 11 0 0 1785590 2840474 0 0 -695049 506630 262942 157244 1353483 3504348 1879068 3099922 0 0 71293 0 0 0 0 89439 195773 2039800 3295695 -686317 208653 7958760 7312361 2044399 1079632 5914361 6232729 EDUCATIONAL, RELIGIOUS, AND CHARITABLE SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY BY PROVIDING SCHOLARSHIP FUNDS AND OTHER ASSISTANCE TO THE UNIVERSITY. false false 2860677 2802700 0 Institutional Support for 1,750 students at MidAmerica Nazarene University 297222 297222 Educational, religious and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University. For fiscal year ending 6/30/2010, there were approximately 160 student scholarship recipients. 3157899 true true false false false false false false true true false false false false false false false false true false false true false true false false false false false false false false false false false false true true false false false true 6 0 true 0 false false false false false true true false false false 15 11 false false false false true true true true true false false true true true true true true false KS X JON D NORTH 9139713600 2030 E COLLEGE WAY Olathe KS 66062 X Tim Buchanan 1.0 X X 0 0 0 Brian G Diddle 1.0 X 0 0 0 Douglas L Diehl 1.0 X 0 0 0 Jason S Drummond 1.0 X 0 105188 35785 Kevin P Gilmore 1.0 X X 0 99156 38046 Lonnie E Hephner 1.0 X X 0 0 0 Timothy R Keeton 1.0 X 0 62742 26652 Michael D Major 1.0 X 0 0 0 Larry D McIntire 1.0 X 0 0 0 Dennis C Meyer 1.0 X 0 0 0 Charles J Nunamaker 1.0 X X 0 0 0 Otto W Theel 1.0 X 0 0 0 Anthony V Oddo 1.0 X 0 0 0 Larry H Powell 1.0 X 0 0 0 Edwin H Robinson 1.0 X 0 107727 69743 0 374813 170226 0 false true false 0 12000 2828474 2840474 0 308827 308827 0 0 51638 24430 27208 27208 27208 861108 663305 197803 197803 197803 31745 12000 25657 6088 6088 0 0 MISC. INCOME 900099 23940 23940 ANNUITY INCOME 900099 100008 100008 123948 3504348 0 0 663874 3099922 3099922 0 0 0 0 0 0 0 0 0 21666 21666 1320 1320 33548 33548 0 0 0 22500 22500 4628 4628 573 573 2416 2416 0 0 56 56 0 433 433 0 0 0 5400 5400 PLEDGE WRITE-OFF EXPENSE 57404 57404 BANK SERVICE CHARGE 294 294 LIFE INSURANCE PREMIUMS 5348 5348 REGISTRATIONS 103 103 TRUST RESOLUTION EXP 39333 39333 751 751 3295695 3157899 137796 0 541426 328802 115047 44365 416681 0 2500000 2500000 700000 700000 700000 3512833 3549833 0 0 172773 189361 7958760 7312361 174444 110768 0 25000 1869955 943864 2044399 1079632 X -391414 -422201 145709 142127 6160066 6512803 5914361 6232729 7958760 7312361 X true false true X false X 604549 278459 365083 1785590 2840474 5874155 604549 278459 365083 1785590 2840474 5874155 14802 5859353 515474 303167 360687 674740 360465 2214533 23405 16785 22554 227310 123948 414002 8502690 0.68912 0.56942 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6704046 360069 505633 975096 20310 6574342 6871784 229862 25454 385300 37754 6704046 0.01100 0.98900 0.00000 true true true 700000 0 0 700000 700000 0 ANNUITIES PAYABLE 87043 CHARITABLE REMAINDER TRUSTS PA 156821 MNU INTEREST IN MURLEN BLDG 700000 943864 USES OF ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 THE INTENDED USES OF THE ENDOWMENT FUNDS ARE EDUCATIONAL, RELIGIOUS, AND CHARITABLE SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY BY PROVIDING SCHOLARSHIP FUNDS AND OTHER ASSISTANCE TO THE UNIVERSITY. FIN 48 SCHEDULE D, PART X, LINE 2 THE FOUNDATION ADOPTED PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES-AN INTERPRETATION OF FASB STATEMENT NO. 109, WHICH WAS SUBSEQUENTLY INCORPORATED INTO THE FASB ACCOUNTING CODIFICATION (ASC) TOPIC 740. THE IMPLEMENTATION OF THIS STANDARD HAD NO SIGNIFICANT IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. GOLF CLASSIC 43745 12000 31745 5398 15512 169 4578 0 43745 12000 31745 5398 15512 169 4578 25657 6088 true MidAmerica Nazarene University 2030 E College Way Olathe KS 66062 480730814 501(c)(3) 3099922 See Sch I, Part IV 1 0 MONITORING THE USE OF GRANT FUNDS SCHEDULE I, PART I, QUESTION 2 MIDAMERICA NAZARENE UNIVERSITY FOUNDATION MAINTAINS ENDOWMENTS THAT SUPPORT ITS RELATED ORGANIZATION, MIDAMERICA NAZARENE UNIVERSITY. IN JUNE 2010, 4.5% OF THE INVESTMENTS WERE TRANSFERRED TO THE MIDAMERICA NAZARENE UNIVERSITY TO BE USED FOR THE OPERATING NEEDS OF THE ORGANIZATION. THE ORGANIZATION ONLY PROVIDES GRANTS TO MIDAMERICA NAZARENE UNIVERSITY AND THEREFORE IS ABLE TO MONITOR ALL USES OF THE PROVIDED GRANTS DUE TO THEIR RELATED RELATIONSHIP. PURPOSE OF GRANT OR ASSISTANCE SCHEDULE I, PART II, COLUMN H GRANTS TO MIDAMERICA NAZARENE UNIVERSITY ARE FOR SCHOLARSHIPS AND INSTITUTIONAL SUPPORT. X X false false false false false false false Edwin H Robinson 0 107727 0 0 0 0 0 9265 0 60478 0 177470 0 0 OFFICER COMPENSATION SCHEDULE J, PART II THE COMPENSATION REPORTED ON SCHEDULE J, PART II IS COMPENSATION PAID BY A RELATED ORGANIZATION, MIDAMERICA NAZARENE UNIVERSITY. MEMBERS OR STOCKHOLDERS FORM 990, PART VI, QUESTION 6 MIDAMERICA NAZARENE UNIVERSITY FOUNDATION (MNUF) MEMBERS SHALL BE THE ORIGINAL INCORPORATORS UNTIL ADDITIONAL MEMBERS ARE ELECTED BY THE INCORPORATORS. MEMBERS SHALL SERVE FOR A TERM OF THREE (3) YEARS. MEMBERS SHALL BE PERSONS OF CHRISTIAN CHARACTER AND INTEGRITY WITH A COMMITMENT TO THE MISSION OF MIDAMERICA NAZARENE UNIVERSITY. MEMBERS SHALL DEMONSTRATE THEIR SUPPORT OF THE UNIVERSITY BY SIGNIFICANT FINANCIAL SUPPORT; AND/OR ACTIVE PARTICIPATION IN FUND RAISING; AND/OR PARTICIPATION IN SUPPORT SERVICES, COMMITTEE WORK, OR SPECIAL EVENTS OF THE CORPORATION; AND/OR BEING AN AMBASSADOR FOR THE UNIVERSITY TO THE GENERAL PUBLIC. PERSONS SHALL BE RECOMMENDED FOR MEMBERSHIP BY OTHER MEMBERS; SHALL APPLY FOR MEMBERSHIP AS PROVIDED BY THE BOARD OF DIRECTORS; AND SHALL BE NOMINATED FOR MEMBERSHIP BY THE BOARD OF DIRECTORS. ONCE ELECTED BY THE MEMBERSHIP, AN INVITATION TO BECOME A MEMBER SHALL BE ISSUED TO THE PROPOSED MEMBER BY THE BOARD OF DIRECTORS. MEMBERS OF THE FOUNDATION HAVE THE RIGHT TO ELECT THE GOVERNING BODY OF MNUF. THE MEMBERS HAVE THE RESERVED POWER TO APPROVE SIGNIFICANT DECISIONS OF MNUF'S GOVERNING BODY. THE MEMBERS ARE NOT ENTITLED TO RECEIVE A SHARE OF MNUF'S PROFITS, EXCESS DUES OR A SHARE OF MNUF'S NET ASSETS UPON DISSOLUTION. MEMBERS OR STOCKHOLDERS MAY ELECT GOVERNING BODY FORM 990, PART VI, QUESTION 7A MEMBERS OF MIDAMERICA NAZARENE UNIVERSITY FOUNDATION HAVE THE RIGHT TO ELECT ALL THE BOARD OF DIRECTORS. GOVERNING BODY DECISIONS SUBJECT TO APPROVAL OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, QUESTION 7B THE CORPORATE BYLAWS OF MIDAMERICA NAZARENE UNIVERSITY FOUNDATION (MNUF) IDENTIFY CERTAIN RIGHTS AND POWERS WHICH ARE RESERVED TO THE MEMBERS OF MNUF. THE RIGHTS AND POWERS RESERVED TO THE MEMBERS MAY BE SUMMARIZED AS FOLLOWS: (1) ELECTION OF MEMBERS; (2) ELECTION OF DIRECTORS; (3) ELECTION OF OFFICERS; (4) TRANSACTION OF SUCH OTHER BUSINESS AS MAY PROPERLY BE PRESENTED AND COME BEFORE SUCH MEETING. FORM 990 REVIEW PROCESS FORM 990, PART VI, QUESTION 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE FORM 990. THE INDEPENDENT ACCOUNTING FIRM THEN PROVIDES THE ORGANIZATION'S EXECUTIVE DIRECTORS A DRAFT OF THE FORM 990 FOR COMMENTS AND APPROVAL. AFTER APPROVAL, THE FORM 990 IS SUBMITTED VIA EMAIL TO ALL VOTING MEMBERS OF THE GOVERNING BOARD ALONG WITH A RESPONSE TIME FOR QUESTIONS AND COMMENTS. ALL ISSUES ARE RESOLVED AND THE FORM 990 IS FILED. CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C CONFLICT REPORTING OCCURS VIA THE CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS COMPLETED ANNUALLY BY EACH OFFICER & DIRECTOR. STANDARD MONITORING INVOLVES REVIEW OF DISCLOSURES AT THE NEXT ANNUAL REPORTING OR UPDATE OF AN OFFICER & DIRECTOR'S DISCLOSURE FORM. OFFICERS AND DIRECTORS DETERMINE IF A CONFLICT EXISTS. A LOG IS MAINTAINED TO ENSURE THAT EACH OFFICER AND DIRECTOR RETURNS HIS FORM. IF A CONFLICT ARISES, THE DIRECTOR ABSTAINS FROM THE VOTE OF THE CONFLICTED POSITION. GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, QUESTION 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. AVERAGE HOURS WORKED FOR RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A, LINE 1A AVERAGE HOURS WORKED FOR RELATED ORGANIZATIONS ------------------------- KEVIN P. GILMORE 40 TIMOTHY R. KEETON 40 EDWIN H. ROBINSON 40 JASON S. DRUMMOND 40 MURLEN OFFICE QUARTERS LLC C/O MNUF 2030 E COLLEGE WAY OLATHE KS 66062 364652582 REAL ESTATE KS 51638 705688 NA MIDAMERICA NAZARENE UNIVERSITY 2030 EAST COLLEGE WAY OLATHE KS 66062 480730814 EDUCATION KS 501(C)(3) 2 NA EVALDS SPALE CHARITABLE REMAINDER TRUST 2030 E COLLEGE WAY OLATHE KS 66062 080289158 CRUT KS NA TRUST 2829 124721 1.00000 EARL & RUTH BEARD CHARITABLE REMAINDER 2030 E COLLEGE WAY OLATHE KS 66062 066525584 CRUT NE NA TRUST 2858 165960 1.00000 false true false true false false false false false true true false true true true false true false