2011-03-02T08:48:30-05:00 2010-06-30 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2009-07-01 846044833 University of Northern Colorado Foundation Inc UNIV 9703511889 Judy Farr Center 1620 Reservoir Ro Greeley CO 80639 Polly Kurtz 9703514348 2011-02-23 true CRAIG R CHOUN 3037409400 2009 2016-02-24 21:20:13Z POLLY KURTZ 1620 Reservoir Road Greeley CO 80639 97815571 false X www.uncfoundation.unco.edu X 1966 CO To support the University of Northern Colorado. 8 8 36 309 -18134 -58070 4550243 4194533 2043183 2114477 -7412065 5523187 1077062 1492073 258423 13324270 5140773 6893407 0 0 3797221 1693825 0 0 1324326 5085807 4332632 14023801 12919864 -13765378 404406 105027000 108815190 27081630 26608840 77945370 82206350 To promote the general welfare, development, growth and well-being of the University of Northern Colorado through solicitation and acquisition of gifts, investing and managing property, and furnishing funds, facilities, equipment and services. false false 6893407 6893407 Fundraising and program support for the University of Northern Colorado through investment and management of assets and the furnishing of funds, facilities, equipment and services to the students and faculty of the Institution. 2533184 2114477 Student housing for the benefit of University of Northern Colorado students. 9426591 true true false false false false false false true true true false false false false false false false false false false true false true false false false false false false false false true true false false true false false false false true 65 4 true 36 true true true false false false false false false false false false false 8 8 false false false false false false false true true false false true true true true true true true true false X X POLLY KURTZ 9703514348 1620 RESERVOIR ROAD Greeley CO 80639 Ken Cook 1.0 X X 0 0 0 Terri Runyan 1.0 X X 0 0 0 Cheryl Wenzinger 1.0 X X 0 0 0 Dale Butcher 1.0 X 0 0 0 Stephen Shapiro 1.0 X 0 0 0 Curt Wyeno 1.0 X 0 0 0 Steve Baker 1.0 X 0 0 0 John Schmidt 1.0 X 0 0 0 Mike Tormey 1.0 X 0 0 0 Brandon Barnholt 1.0 X 0 0 0 Diane Miller 1.0 X 0 0 0 Polly Kurtz 40.0 X 93000 0 6206 Michael Johnson 40.0 X 113377 0 6898 Virgil Scott 40.0 X 172489 0 20892 378866 0 33996 2 true true false Denver Investment Advisors LLC 1225 17th Street 26th Floor DENVER CO 80202 Investment Advisory 137711 1 4194533 388947 4194533 STUDENT HOUSING RENT 611710 2114477 2114477 0 0 2114477 2570104 0 0 2570104 0 207579 0 0 207579 87444384 84491301 2953083 2953083 0 0 2953083 0 0 0 UNC CONTRACT 611710 750000 750000 0 0 OTHER INCOME 611710 552628 552628 0 0 UBIT LOSSES 611710 -18134 0 -18134 0 1284494 13324270 3417105 -18134 5730766 6893407 6893407 0 0 0 391608 0 289198 102410 0 1068905 0 329113 739792 34498 0 10410 24088 98955 0 39993 58962 99859 0 44139 55720 0 15329 0 15329 0 26150 0 26150 0 0 0 397987 0 397987 0 113933 0 38829 75104 235742 0 169887 65855 67657 0 49971 17686 96280 0 43378 52902 0 39947 0 39739 208 29712 0 5290 24422 0 5225 0 3102 2123 1170726 1165493 5233 0 0 59464 0 59464 0 18361 0 16535 1826 STUDENT HOUSING EXPENSE 1367691 1367691 0 0 WRITE-OFF OF PLEDGE RECEIVABLE 550000 0 550000 0 BANK FEES 32481 0 20512 11969 BAD DEBT 42472 0 0 42472 UNRELATED BUSINESS INCOME TAX 6519 0 6519 0 56956 8169 48787 12919864 9426591 2168947 1324326 226149 55955 7604172 2492224 2314968 1541739 346015 365274 95465 3106 46892 40148 19172654 4556957 15045177 14615697 17985200 21503954 55284331 62096257 1141589 1118850 4937042 4981986 105027000 108815190 1651962 2055667 200855 113837 23338960 23070326 1889853 1369010 27081630 26608840 X 44117 11208545 25988080 14799039 51913173 56198766 77945370 82206350 105027000 108815190 X false true true X false X 3614050 6592313 4567732 4550243 4194533 23518871 3614050 6592313 4567732 4550243 4194533 23518871 1553561 21965310 2775255 3286841 3534856 2580117 2777683 14954752 1534561 784697 1059552 1077062 1302628 5758500 44232123 0.49659 0.55470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61689746 886076 6135528 2568459 0 66142891 80591505 1335026 -17084081 3152039 665 0 61689746 0.03500 0.84320 0.12180 false false 17977286 3541100 14436186 1195368 1015857 179511 14615697 EQUITY SECURITIES 41336713 F MUTUAL FUNDS 4670331 F ALTERNATIVE INVESTMENTS 10807889 F OTHER INVESTMENTS 5281324 F 62096257 0 OBLIGATIONS UNDER GIFT ANNUITY AGREEMENTS 207787 AMOUNTS HELD ON BEHALF OF OTHERS 696076 NOTES PAYABLE - UNC 465147 1369010 13324270 12919864 404406 3697586 296340 3993926 4398332 14387065 3697586 18134 3715720 10671345 397987 2254938 2652925 13324270 9988693 9988693 397987 2533184 2931171 12919864 Intended Use of Endowment Funds Schedule D, Part V, Line 4 Endowments are intended to provide funding for scholarships and program support including, but not limited to, supplemental salary support for faculty, research, libraries, and academic affairs. FIN 48 Disclosure Schedule D, Part XIV The Foundation adopted guidance related to uncertainty in income taxes in the Financial Accounting Standard Board's Accounting Standards Codification Topic 740 on January 1, 2009. After evaluating the tax positions taken, none are considered to be uncertain; therefore, no amounts have been recognized as of June 30, 2010. If incurred, interest and penalties associated with tax positions are recorded in the period assessed as general and administrative expense. No interest or penalties have been assessed as of June 30, 2010. Tax years that remain subject to examination include 2007 through 2010. Other Reconciling Revenue Items Schedule D, Part XII Line 2d: UBIT Losses ($18,134) Line 4b: Change in Value of Charitable Gift Annuities $49,308 Student Housing LLC Revenues $2,205,630 Total Line 4b $2,254,938 Other Reconciling Expense Items Schedule D, Part XIII Line 4b: Student Housing LLC Expenses $2,533,184 Other change in net assets from Form 990 to Audited Financial Statements Schedule D, Part XI, Line 8 Change in value of charitable gift annuities ($49,308) Unrelated business losses from partnerships $18,134 Student Housing net loss $327,554 Rounding ($40) Total Line 8 $296,340 true University of Northern Colorado 501 20th Street Greeley CO 80639 846000546 115 6615080 220797 FMV Misc. To promote the general welfare, development, growth and well-being of the University of Northern Colorado. 1 0 Process for Monitoring Use of Grant Funds Schedule I, Part I, Line 2 The Foundation reviews all University billings and drawdowns to determine and monitor the use of funds. X true true X X true false false false false false false false false Virgil Scott 153830 0 0 0 18659 0 0 0 20892 0 193381 0 0 0 Expenses Provided by Organization Schedule J, Part I, Line 1a Amounts were paid for membership to the Greeley Country Club. Severance Pay Provided by Organization Schedule J, Part I, Line 4a Virgil Scott received severance pay of $64,096. X 4 143805 FMV X 543 FMV X 8 164150 FMV X Musical Instruments 4 29800 FMV X Fundraising Items 134 47759 FMV X Supplies for Sports Teams 3 2890 FMV 3 false true false 990 Provided to Board Part VI, Section B, Line 11 The Foundation outsources the preparation of the 990 and 990T to a CPA firm with proven tax expertise. The completed forms are reviewed by management and the Audit and Finance Committee with the CPA firm prior to filing. The Form 990 was made available to the full board prior to filing. Conflict of Interest Policy Part VI, Section B, Line 12c The Foundation requires all interested persons such as directors, officers or members of a committee with board-delegated powers to review and sign a conflict of interest policy each year. Members are required to disclose any direct or indirect financial interest with any other interested persons, vendors, or associated organizations. Process for Determining Compensation Part VI, Section B, Line 15b The Board of Directors did a compensation review for the President/CEO position in summer 2009 (June) and for the Executive Director position in spring 2010 (march) comparing other like-sized institutionally related foundations. Other key employee's salaries and benefits are benchmarked with other like-sized foundations and Colorado school foundations. Deliberation and decision for determining compensation is documented in the books and records of the Organization. Documents Available to Public Part VI, Section C, Line 19 The Foundation makes its financial statements available to the public through their own website and upon request. The Foundation does not make it's governing documents and conflict of interest policy available to the public. Restatement and Reclassification of Prior Year Amounts The Foundation's June 30, 2009 financial statements have been restated for the effects of understating fiscal year 2009 contribution revenue related to previously unrecognized net pledges receivable and the over accrued allowance for doubtful accounts. UNC Foundation Student Housing LLC 1620 Reservoir Road Greeley CO 80639 846044833 Stdnt Housing CO 2205630 20602810