2022-11-14T15:09:35-06:00 2022-06-30 251031723 H2R CPA 875 GREENTREE RD BLDG 7 STE 1000 PITTSBURGH PA 15220 990 2021-07-01 237093388 SLIPPERY ROCK UNIVERSITY FOUNDATION INC SLIP 7247382047 PO BOX 233 SLIPPERY ROCK PA 16057 HARRY BERTRAND CHAIR 7247382047 2022-11-10 1 HARRY BERTRAND 999009999 EDWARD G SCHERER P00953415 4123912920 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z HARRY BERTRAND PO BOX 233 SLIPPERY ROCK PA 16057 5106440 0 X WWW.SRUFOUNDATION.ORG X 1970 PA TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES. 18 18 9 0 0 0 2973832 2969309 132406 368769 653190 1096654 972383 610355 4731811 5045087 2900183 2930804 0 0 487376 381806 0 0 152353 919568 1434264 4307127 4746874 424684 298213 49993291 46512731 366246 415006 49627045 46097725 THE SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. EXISTS TO SUPPORT THE PRIORITY NEEDS OF SLIPPERY ROCK UNIVERSITY BY GENERATING & MANAGING PRIVATE RESOURCES, BOTH FISCAL AND PHYSICAL. 0 0 2930804 2930804 0 RAISE & MANAGE FUNDS THAT ARE USED SOLELY FOR SCHOLARSHIPS TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY & AWARD SAID SCHOLARSHIPS. 1052805 368769 RAISE SUPPORT FOR SLIPPERY ROCK UNIVERSITY STUDENTS, FACULTY, PROGRAMMING AND ATHLETIC TEAMS. 3983609 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 1 56 0 1 9 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 PA X KARA KELLY 7247382047 104 MALTBY AVE SLIPPERY ROCK PA 16057 FRANCIS J ALOI CFA BOARD MEMBER 1.00 X 0 0 0 CHERYLE CAMPBELL BOARD MEMBER 1.00 X 0 0 0 HARRY BERTRAND CHAIR 3.00 1.00 X X 0 0 0 CRAIG FRASER BOARD MEMBER 1.00 X 0 0 0 GAIL PASERBA BOARD MEMBER 1.00 X 0 0 0 MARK PALMER VICE CHAIR 3.00 1.00 X X 0 0 0 MICHAEL W CULLY THRU 10121 VICE CHAIR 3.00 1.00 X X 0 0 0 MICHAEL HUFNAGEL THRU 10121 SECRETARY 3.00 1.00 X X 0 0 0 RICHARD A HARPER BOARD MEMBER 1.00 X 0 0 0 DAVID C KNOPP JR BOARD MEMBER 1.00 X 0 0 0 DOUGLAS T MCMULLEN BOARD MEMBER 1.00 1.00 X 0 0 0 KENNETH BONUS AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 JENNIFER L WALTERS BOARD MEMBER 1.00 X 0 0 0 WILLIAM SONNTAG THRU 10121 BOARD MEMBER 1.00 1.00 X 0 0 0 BARRY E WELSCH THRU 10121 BOARD MEMBER 1.00 X 0 0 0 DANIEL GINSBERG AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 JULIE PREBULA AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 JANET SARGERT BOARD MEMBER 1.00 X 0 0 0 ELIZABETH A BERKELY BOARD MEMBER 1.00 X 0 0 0 ERIC WANGLER AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 JOY ZEINER AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 ERIN DARUSZKA AS OF 10121 BOARD MEMBER 1.00 X 0 0 0 EDWARD BUCHA EXECUTIVE DIRECTOR 35.50 2.00 X 136281 0 10118 136281 0 10118 1 0 0 0 BCW LLC 200 FIFTH AVENUE NEW YORK NY 10010 SERVICES 152535 1 71857 70500 2826952 216674 2969309 REGISTRATION INCOME 611710 141635 141635 SALES 611710 135525 135525 RENTAL INCOME 611710 63996 63996 OTHER INCOME 611710 23613 23613 NCAA & CONFERENCE REVENUE SHARING 611710 4000 4000 368769 1096654 1096654 225170 71857 61353 163817 163817 SERVICE PURCHASE CONTRACTS 611710 338820 338820 SPONSORSHIP INCOME 611710 62718 62718 ADMINISTRATIVE FEE INCOME 611710 45000 45000 446538 5045087 368769 0 1707009 2930804 2930804 147799 103460 44339 211698 19798 173491 18409 3093 1070 929 1094 10965 3793 3293 3879 8251 2854 2479 2918 4166 4166 27350 27350 102296 100281 2015 24617 23050 1567 36555 36555 103918 103896 22 8500 8500 78416 78416 CONTRACTED SERVICES 494904 481526 0 13378 OPERATING SUPPLIES 168463 165909 0 2554 CULTIVATION & STEWARDSH 97932 95341 0 2591 BAD DEBTS - DIRECT WRIT 82990 0 82990 0 204157 119013 25557 59587 4746874 3983609 610912 152353 2401026 2039965 1257969 772491 134528 60 2473121 51000 2430621 2422121 43130866 40777003 638281 501091 49993291 46512731 16182 29299 350064 385707 366246 415006 X 6830142 6728232 42796903 39369493 49627045 46097725 49993291 46512731 X 298213 -3534056 -293477 X X 0 1 X 1 0 X 2917230 4031657 4590368 2821432 2969309 17329996 2917230 4031657 4590368 2821432 2969309 17329996 3286716 14043280 1020047 1192691 884646 678190 1096654 4872228 1326228 1273543 1213159 972383 610355 5395668 27597892 1759643 0.50890 0.48810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 34303522 1347585 -2424389 2213680 31013038 24810458 1540258 9737463 1880230 34303522 24400032 1635744 814516 2039834 24810458 22889986 1228893 2287079 2005926 24400032 21381012 882079 2403235 1776340 22889986 0 0 2173121 2173121 300000 51000 249000 2422121 CHARITABLE REMAINDER TRUST OBLIGATION 16395 ANNUITIES PAYABLE 201640 DEPOSITS HELD IN CUSTODY FOR UNIVERSITY 38307 DUE TO AFFILIATE 129365 385707 X 1665979 -3534056 93595 61353 -3379108 5045087 0 5045087 4901212 93595 60743 154338 4746874 0 4746874 PART III, LINE 4: THIS ORGANIZATION RECEIVED A COLLECTION OF LIMITED EDITION, SIGNED AND NUMBERED PRINTS BY JAMES D. WERLINE (150 PRINTS WERE DONATED BY ONE INDIVIDUAL AND 242 WORKS WERE DONATED BY ANOTHER INDIVIDUAL IN DECEMBER 2017). THIS COLLECTION ENHANCES THE ABILITY OF SLIPPERY ROCK UNIVERSITY FOUNDATION, INC. TO SUPPORT SLIPPERY ROCK UNIVERSITY'S EMPHASIS OF EDUCATION AND APPRECIATION OF THE ARTS. THROUGH ITS COLLEGE OF LIBERAL ARTS, SLIPPERY ROCK UNIVERSITY OFFERS ITS STUDENTS FIVE (5) BACHELOR OF FINE ARTS DEGREES, AND FIVE (5) MINOR DEGREES OF FINE ARTS. THE SRU COLLEGE OF EDUCATION PROVIDES ITS STUDENTS ACCESS TO 10 WELL-EQUIPPED ART STUDIOS. THE PRIVATE ART COLLECTION AND WORKS OF STUDENTS ARE SHARED AT NUMEROUS EVENTS THROUGHOUT THE YEAR IN SEVERAL EXHIBIT AREAS ON CAMPUS. SEE PART XI, LINE 9 DISCLOSURE FOR THE CURRENT YEAR WRITE DOWN TO CURRENT FAIR MARKET VALUE. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAIN INCOME TAXES. THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM A TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 61,353. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT COSTS NETTED AGAINST REVENUE ON FORM 990 61,353. CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS NOT INCOME ON FORM 990 -610. SUNSET SERENADE 146414 25185 121229 273 24326 3471 ROCK FOOTBALL 62390 36670 25720 13540 4 88223 10002 78221 19743 297027 71857 225170 273 24326 36754 61353 163817 1 SCHOLARSHIPS TO STUDENTS 1979 2930804 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS OF SCHOLARSHIPS AWARDED TO STUDENTS ATTENDING SLIPPERY ROCK UNIVERSITY. ADMISSION AND CONTINUED ENROLLMENT ARE MONITORED BY SLIPPERY ROCK UNIVERSITY. FRANK ALOI GLENMEDE PROVIDES INVESTMENT MANAGEMENT SERVICES TO THE FOUNDATION. FRANK ALOI IS ALSO AN EMPLOYEE OF GLENMEDE. HE RECUSES HIMSELF FROM VOTING ON ANY MATTERS RELATED SPECIFICALLY TO GLENMEDE. 0 X 4 41674 AVG HIGH AND LOW PRICE X 1 175000 SETTLEMENT STATEMENT 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES AN OUTSIDE BROKERAGE FIRM TO SELL THE PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE ANNUALLY REVIEWS ALL FEDERAL FILING REQUIREMENTS, AUDITED FINANCIAL STATEMENTS, AND HAS GENERAL OVERSIGHT OVER THE ENTIRE AUDIT PROCESS. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS STATE THAT AN INDIVIDUAL MUST EXPOSE THE CONFLICT AND REMOVE THEMSELVES FROM THE VOTE IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THE DIRECTOR, OFFICER, OR COMMITTEE MEMBER HAD FAILED TO DISCLOSE AN ACTUAL OR POSSIBLY FINANCIAL INTEREST. THE BOARD WILL AFFORD THE DIRECTOR, OFFICER, OR COMMITTEE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE THE CONFLICT OF INTEREST. IF AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS THE BOARD DEEMS APPROPRIATE, THE BOARD DETERMINES THAT THE DIRECTOR, OFFICER OR COMMITTEE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION, WHICH MAY INCLUDE IMMEDIATE REMOVAL FROM THE POSITION HELD WITHIN THE FOUNDATION FOR SLIPPERY ROCK UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN (LOSS) ON ANNUITIES PAYABLE -1,687. CHANGE IN ALLOWANCE FOR DOUBTFUL ACCOUNTS 610. IMPAIRMENT (LOSS) ON ARTWORK HELD FOR INVESTMENT -292,400. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. 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