2023-02-21T14:54:56-06:00 2021-06-30 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2020-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF PRESIDENT 3037409400 2023-01-25 1 CHARLES LIEF 999009999 RYAN C HARRIS P00614618 3037409400 2023-01-25 2 AAL1 IAL1 2020 2023-03-07 01:45:13Z X CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 39320700 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 20 17 653 17 -1926 0 5324048 5930147 24930533 23633233 322921 1452131 95724 85144 30673226 31100655 6946068 6071727 0 0 15111391 14396103 0 0 463997 10554765 8876323 32612224 29344153 -1938998 1756502 28388817 34704482 13961331 17887541 14427486 16816941 X SEE SCHEDULE O 0 0 19179799 6002513 22610716 THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATION PROGRAMS IN ARTS, SOCIAL SCIENCES AND THE HUMANITIES. IT IS ACCREDITED BY THE HIGHER LEARNING COMMISSION. THERE ARE APPROXIMATELY 1,000 GRADUATE AND UNDERGRADUATE STUDENTS. INSTRUCTION, STUDENT SERVICES, AND ACADEMIC SUPPORT PROGRAM SERVICES ALL SUPPORT THE UNIVERSITY'S PURPOSE AND MISSION TO EDUCATE THE WHOLE PERSON. 108706 34595 500138 ALAYA PRESCHOOL OPERATES AS A PRESCHOOL AND CHILD CARE FACILITY SERVING CHILDREN AND THEIR FAMILIES IN THE GREATER BOULDER AREA. AS PART OF NAROPA UNIVERSITY, ALAYA PRESCHOOL OPERATES AS A LAB SCHOOL SERVING STUDENTS IN NAROPA'S EARLY CHILDHOOD AND CONTEMPLATIVE EDUCATION PROGRAMS. ALAYA IS LICENSED BY THE COLORADO DEPARTMENT OF HUMAN SERVICES, DIVISION OF CHILD CARE AND SERVES APPROXIMATELY 60 FAMILIES. FINANCIAL SUPPORT IS PROVIDED FOR SOME FAMILIES THROUGH SCHOLARSHIPS FOR TUITION ASSISTANCE. 547019 34619 522379 STUDENT HOUSING FOR THOSE UNDERGRADUATES THAT ARE REQUIRED TO LIVE IN STUDENT HOUSING OR THOSE STUDENTS THAT ELECT TO LIVE IN STUDENT HOUSING. 335471 NAROPA COMMUNITY COUNSELING CENTER INTEGRATES CONTEMPLATIVE APPROACHES WITH MODERN CLINICAL PRACTICE TO ASSIST OUR CLIENTS IN REACHING THEIR HIGHEST LEVEL OF EMOTIONAL AND MENTAL WELL-BEING. WE PROVIDE CUTTING EDGE, TRANSFORMATIVE INTERVENTION ACROSS A BROAD RANGE OF THERAPEUTIC SERVICES. NAROPA COMMUNITY COUNSELING SERVES BOULDER AND FRONT RANGE. 335471 20170995 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 119 0 1 653 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X KEN GOTSCH 3035463569 2130 ARAPAHOE AVE BOULDER CO 80302 JERRY COLONNA TRUSTEE 1.00 X 0 0 0 WILLIAM HULLEY TRUSTEE 1.00 X 0 0 0 DIANE ISRAEL TRUSTEE 1.00 X 10500 0 82 MARTIN JANOWITZ CHAIRMAN 1.00 X X 0 0 0 LYNN KATZMANN SECRETARY 1.00 X X 0 0 0 LUCI GADDIE STUDENT TRUSTEE 1.00 X 0 0 0 TYLER NORRIS TRUSTEE 1.00 X 0 0 0 DAVID CHIVERS TRUSTEE 1.00 X 0 0 0 VIJAY SINGH TRUSTEE 1.00 X 0 0 0 MARK WILDING TRUSTEE 1.00 X 450 0 0 TRAVIS COX FACULTY TRUSTEE 2.00 X 60379 0 16913 JUDITH DACK TRUSTEE 1.00 X 0 0 0 BART LEONARD TRUSTEE 1.00 X 0 0 0 SAMANTHA SANDERSON TRUSTEE 1.00 X 0 0 0 SUZANNE BENALLY TRUSTEE 1.00 X 0 0 0 STEFANI BRIGGS TRUSTEE 1.00 X 0 0 0 STEPHANIE KAZA TRUSTEE 1.00 X 0 0 0 CRISTINA INA SAJOVICH TRUSTEE 1.00 X 0 0 0 CARLA SHERREL TRUSTEE 1.00 X 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 40.00 X X 261483 0 13708 TYLER A KELSCH VP OPERATIONS 40.00 X 169564 0 13599 SUE WEST PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 X 145577 0 17949 ANN MARIE KLOTZ VP OF ADMISSIONS 40.00 X 155232 0 7772 JASON EMBRY VP OF DEVELOPMENT 40.00 X 135004 0 16662 REGINA SMITH VP OF MISSION CULTURE INCLUSIVE COMMUNITY 40.00 X 117227 0 10531 JOY VALANIA SPECIAL ADVISOR TO PRESIDENT 40.00 X 120625 0 1110 1176041 0 98326 7 0 1 0 ELLUCIAN COMPANY LP 2003 EDMUND HALLEY DR STE 500 RESTON VA 20191 SOFTWARE & ERP SUPPORT 1579462 RUFFALO NOEL LEVITZ LLC 1025 KIRKWOOD PKWY CEDAR RAPIDS IA 52404 ENROLLMENT AND FUNDRAISING MANAGEMENT 179105 CADDIS PC 1521 EASY RIDER LANE BOULDER CO 80304 ARCHITECTURE DESIGN 157246 3 4725993 1204154 169360 5930147 TUITION & FEES 611710 22086609 22086609 OTHER PROGRAM REVENUE 611710 524107 524107 AUXILIARY-HOUSING 611710 522379 522379 AUXILIARY-PRESCHOOL 611710 500138 500138 23633233 184937 184937 87239 9400000 86877 8133168 362 1266832 1267194 1267194 OTHER REVENUE 900099 87070 87070 UBI FROM K-1S 900099 -1926 -1926 85144 31100655 23633233 -1926 1539201 6071727 6071727 710203 240816 469387 11373805 7088746 4044996 240063 1295429 788967 479350 27112 1016666 616904 379460 20302 53618 32535 20012 1071 39594 24025 14778 791 36659 36659 1378445 836429 514490 27526 437751 265624 163386 8741 460718 279560 171958 9200 2519038 1528531 940204 50303 1290260 782919 481576 25765 111845 67867 41745 2233 36446 22115 13603 728 431580 261879 161083 8618 558376 338818 208408 11150 310458 188383 115875 6200 BAD DEBT 359633 218222 134229 7182 REPAIRS & MAINTENANCE 255078 154779 95205 5094 DUES AND SUBSCRIPTIONS 201171 122069 75085 4017 EDUCATION MATERIAL 179314 108806 66927 3581 216339 131274 80745 4320 29344153 20170995 8709161 463997 1440058 403823 1954883 8919347 188634 73261 784594 3738156 150499 104875 339646 517673 27969592 11799114 19285115 16170478 4057809 4707093 12143 7858 175436 61918 28388817 34704482 1704630 1498917 5531176 5322772 2065436 1046166 4660089 10019686 13961331 17887541 X 10271252 12271999 4156234 4544942 14427486 16816941 28388817 34704482 X 1756502 631027 1926 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92339 X X 0 5426786 736525 528277 5635034 8343504 16032 254195 3186945 5426786 7971345 32858 443785 104484 8343504 7637297 17151 550002 233105 7971345 7038183 41133 719225 161244 7637297 0.37910 0.42550 0.19540 0 0 4668726 4668726 18040668 7458307 10582361 59849 59849 0 3113480 2696641 416839 2086869 1584317 502552 16170478 PERKINS FUND PAYABLE 49129 RESIDENCE HALL DEPOSITS 60735 TUITION/FEE DEPOSITS 38500 PARAMITA SALE HOLDING 4500000 DEFERRED GAIN ON SALE OF ASSETS 5371322 10019686 25625222 631027 1926 632953 24992269 36659 6071727 6108386 31100655 23235767 0 23235767 36659 6071727 6108386 29344153 PART III, LINE 4: THE ARTWORK IS COMPOSED OF PAINTINGS, CALLIGRAPHIES, SLIDES, AND PHOTOS THAT PROVIDE HISTORICAL REFERENCES TO THE SCHOOL'S FOUNDER AND HERITAGE. PART V, LINE 4: EACH YEAR, THE UNIVERSITY CAN USE UP TO 5% OF THE FAIR MARKET VALUE FROM ENDOWMENT FUNDS FOR SCHOLARSHIPS AND OTHER PURPOSES AS SPECIFIED BY THE DONOR IN THE ENDOWMENT AGREEMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: UBI FROM K-1S 1,926. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 6,002,513. ALAYA SCHOLARSHIPS 34,619. HOUSING GRANTS 34,595. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 6,002,513. ALAYA SCHOLARSHIPS 34,619. HOUSING GRANTS 34,595. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STATEMENT IS POSTED ON THE UNIVERSITY'S PUBLIC WEBSITE. SCHEDULE E, PART I, LINE 6 NAROPA OFFERS STUDENT LOANS THROUGH GOVERNMENT PROGRAMS SUCH AS PELL, STAFFORD, PERKINS, AND DIRECT LOANS. NAROPA ALSO HAS STUDENT WORKERS AND RECEIVES A SUBSIDY FROM THE GOVERNMENT TO OFFSET A PORTION OF THEIR COMPENSATION. 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 604 6002513 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 10 34619 HOUSING DISCOUNT 7 34595 PART I, LINE 2: THE FINANCIAL AID OFFICE MONITORS STUDENTS ADHERENCE TO ACADEMIC SCHOLARSHIP REQUIREMENTS SUCH AS GPA AND SATISFACTORY ACADEMIC PROGRESS. SCHEDULE I, PART III ALAYA PRESCHOOL HAS CHILDREN WHO RECEIVE SOME SCHOLARSHIP SUPPORT IN THE FORM OF TUITION REDUCTION IN ADDITION TO OTHER CHILDREN THAT RECEIVE SUPPORT VIA CCCAP (COLORADO CHILD CARE ASSISTANCE PROGRAM). THIS IS A STATE FUNDED PROGRAM FOR LOW INCOME FAMILIES. THE ORGANIZATION DOES NOT GET FULLY REIMBURSED FOR THE REGULAR COST OF CARE SO SCHOLARSHIPS ARE USED TO FUND THE DIFFERENCE FOR THESE FAMILIES. X X 1 1 X X 0 0 0 0 0 0 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 261483 0 0 0 0 0 1598 0 12110 0 275191 0 0 0 TYLER A KELSCH VP OPERATIONS 169564 0 0 0 0 0 1121 0 12478 0 183163 0 0 0 SUE WEST PROVOST AND VP FOR ACADEMIC AFFAIRS 145577 0 0 0 0 0 1070 0 16879 0 163526 0 0 0 ANN MARIE KLOTZ VP OF ADMISSIONS 155232 0 0 0 0 0 1057 0 6715 0 163004 0 0 0 JASON EMBRY VP OF DEVELOPMENT 135004 0 0 0 0 0 0 0 16662 0 151666 0 0 0 PART I, LINE 1A PRESIDENT IS REIMBURSED FOR 50% OF THE COST FOR HAVING THE HOUSE CLEANED. THE HOME IS USED TO HOST MANY OF THE UNIVERSITY'S EVENTS. AS SUCH, THE PORTION OF THE CLEANING COSTS REIMBURSED BY THE UNIVERSITY IS CONSIDERED A BUSINESS EXPENSE TO THE UNIVERSITY AND IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT. THE PRESIDENT RENTS A HOME FROM THE UNIVERSITY IN WHICH HE AND HIS FAMILY RESIDE. THE RENT PAID IS AT FAIR MARKET VALUE. THIS TRANSACTION IS DISCLOSED ON SCHEDULE L OF THE RETURN. A COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2020 840896727 NONEAVAIL 2020-06-18 5555968 REFUND OF THE SERIES 2013A AND 2013B BONDS 0 0 0 A 5555968 111119 5444850 2020 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 11 PROCEEDS FROM THE SERIES 2020 BOND ISSUANCE WERE USED TO REFUND THE SERIES 2013A AND 2013 B BONDS. CHARLES LIEF UNIVERSITY PRESIDENT 60000 RESIDENCE RENTAL 0 X 2 127916 HIGH-LOW CALCULATION X 48 4250 APPRAISAL X HANDBAGS 1558 37194 FMV 0 1 0 FORM 990, ITEM B AMENDED RETURN THE AUDITED FINANCIAL STATEMENTS FOR THE ORGANIZATION WERE NOT COMPLETED AT THE TIME THE FORM 990 WAS FILED. THIS AMENDED RETURN REFLECTS THE CHANGES FROM THE COMPLETED AUDITED FINANCIAL STATEMENTS. IMPACTED AREAS OF THE RETURN INCLUDE: PART III PROGRAM EXPENSES AND PROGRAM REVENUES PART VIII STATEMENT OF REVENUE PART IX FUNCTIONAL EXPENSES PART X BALANCE SHEET SCHEDULE D PARTS XI AND XII SCHEDULE I PART III FORM 990, PART 3, LINE 1 NAROPA RECOGNIZES THE INHERENT GOODNESS AND WISDOM OF EACH HUMAN BEING. IT EDUCATES THE WHOLE PERSON, CULTIVATING ACADEMIC EXCELLENCE AND CONTEMPLATIVE INSIGHT IN ORDER TO INFUSE KNOWLEDGE WITH WISDOM. THE UNIVERSITY NURTURES IN ITS STUDENTS A LIFELONG JOY IN LEARNING, A CRITICAL INTELLECT, THE SENSE OF PURPOSE THAT ACCOMPANIES COMPASSIONATE SERVICE TO THE WORLD, AND THE OPENNESS AND EQUANIMITY THAT ARISE FROM AUTHENTIC INSIGHT AND SELF-UNDERSTANDING. ULTIMATELY, NAROPA STUDENTS EXPLORE THE INNER RESOURCES NEEDED TO ENGAGE COURAGEOUSLY WITH A COMPLEX AND CHALLENGING WORLD, TO HELP TRANSFORM THAT WORLD THROUGH SKILL AND COMPASSION, AND TO ATTAIN DEEPER LEVELS OF HAPPINESS AND MEANING IN THEIR LIVES. DRAWING ON THE VITAL INSIGHTS OF THE WORLD'S WISDOM TRADITIONS, THE UNIVERSITY IS SIMULTANEOUSLY BUDDHIST-INSPIRED, ECUMENICAL, AND NONSECTARIAN. NAROPA VALUES ETHNIC AND CULTURAL DIFFERENCES FOR THEIR ESSENTIAL ROLE IN EDUCATION. IT EMBRACES THE RICHNESS OF HUMAN DIVERSITY WITH THE AIM OF FOSTERING A MORE JUST AND EQUITABLE SOCIETY AND AN EXPANDED AWARENESS OF OUR COMMON HUMANITY. A NAROPA EDUCATION REFLECTING THE INTERPLAY OF DISCIPLINE AND DELIGHT PREPARES ITS GRADUATES BOTH TO MEET THE WORLD AS IT IS AND TO CHANGE IT FOR THE BETTER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE FINANCE TEAM AND PRESIDENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SALARIES FOR THE PRESIDENT, VICE PRESIDENTS AND OTHER HIGH RANKING EMPLOYEES ARE SET BY THE BOARD IN CONJUNCTION WITH THE HR DEPARTMENT AND PRESIDENT. BOARD MEMBERS INVOLVED WILL USUALLY INCLUDE THE CHAIRMAN OF THE BOARD, THE CHAIR OF THE BUDGET AND FINANCE COMMITTEE, AND MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD. HR USES CUPA (COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION) TO GET COMPARABLE SALARY INFORMATION FOR SIMILAR POSITIONS AT SCHOOLS WITH SIMILAR SIZE AND REVENUE. THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UBI FROM K-1S 1,926.