2019-11-15T12:00:15-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2018-01-01 341759295 ANDRE AGASSI FOUNDATION FOR EDUCATION ANDR 7022275700 1120 N TOWN CENTER DRIVE NO 160 LAS VEGAS NV 89144 SHAWN CABLE CHIEF FINANCIAL OFFICER 7022275700 2019-11-13 1 KAREN GRIES P00078514 6123764500 67.137.57.251 2019-11-13 13:51:08 CS P C3CDDAE7A3392DF59B0A9C885E7F58AEC89CE1F4 E168BB59A4AC1B98DF6FDFCBC72C1446FCA85D8B 2018 2020-03-31 21:24:44Z STEVE MILLER 1120 N TOWN CENTER DRIVE NO 160 LAS VEGAS NV 89144 23241327 0 X WWW.AGASSIFOUNDATION.ORG X 1993 OH EDUCATIONAL ORGANIZATION PROVIDING SUPPORT FOR UNDERSERVED YOUTH. 7 5 1 5 7152 0 393870 314295 0 0 6818532 3890209 100 63 7212502 4204567 6918678 773260 0 0 499590 399458 0 0 510 4593713 4056739 12011981 5229457 -4799479 -1024890 133561709 117684005 25726164 18051350 107835545 99632655 THE ORGANIZATION IS DEDICATED TO TRANSFORMING U.S. PUBLIC EDUCATION FOR UNDERSERVED YOUTH. THE FOUNDATION DRIVES REFORM BY ENGAGING IN PRACTICE, POLICY AND PARTNERSHIPS THAT PROVIDE QUALITY EDUCATION AND ENRICHMENT OPPORTUNITIES. 0 0 3953980 773260 0 THE ANDRE AGASSI FOUNDATION FOR EDUCATION PROVIDES FUNDS TO AGASSI PREP TO HELP CLOSE THE GAP BETWEEN THE LOW LEVEL OF FUNDING THE STATE OF NEVADA PROVIDES AND THE APPROPRIATE LEVEL OF FUNDING THAT IS REQUIRED TO DELIVER A QUALITY EDUCATION. BY APPLYING PASSION AND DISCIPLINE TO OUR WORK, WE CREATE AN ENVIRONMENT IN WHICH CHILDREN CAN EXCEL. THROUGH OUR SIGNATURE PROJECT, THE ANDRE AGASSI COLLEGE PREPARATORY ACADEMY, AN INDEPENDENT PUBLIC CHARTER SCHOOL, WE ARE PROVIDING A QUALITY EDUCATION TO STUDENTS IN GRADES K TO 12. THE FOUNDATION PROVIDES THE INSTRUCTIONAL FACILITY FOR AGASSI PREP TO OPERATE. 3953980 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 18 0 1 1 1 1 1 EI CJ BD 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 OH X SHAWN CABLE 7022275700 1120 N TOWN CENTER DRIVE NO 160 LAS VEGAS NV 89144 ANDRE AGASSI TRUSTEE 1.00 0.00 X X 0 0 0 STEVE MILLER PRESIDENT 10.00 0.00 X X 36180 0 4776 MARYKAYE CASHMAN TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER HANDY TRUSTEE 1.00 0.00 X 0 0 0 LINDY SCHUMACHER TRUSTEE 1.00 0.00 X 0 0 0 KURT STACHE TRUSTEE 1.00 0.00 X 0 0 0 JOHN WHITE TRUSTEE 1.00 0.00 X 0 0 0 SHAWN CABLE CHIEF FINANCIAL OFFICER 18.00 22.00 X 77163 0 9353 JULIE PIPPENGER CHIEF OPERATING OFFICER 40.00 0.00 X 158928 0 11619 272271 0 25748 1 0 1 0 MERRILL LYNCH WEALTH MANAGEMENT 2049 CENTURY PARK E 12TH FL LOS ANGELES CA 90067 INVESTMENT ADVISORY 577562 1 314295 314295 2561480 7152 2554328 20365489 19036760 1328729 1328729 1328729 MISCELLANEOUS 900099 63 63 63 4204567 0 7152 3883120 773260 773260 298019 298019 61500 61500 15524 15524 24415 24415 579 579 57890 57890 646828 646828 54736 54226 510 1903 1903 3534 3534 740 740 445185 410502 34683 13215 13215 972752 972752 1797466 1797466 57878 57878 TAXES AND LICENSES 2000 2000 OTHER EXPENSES 1748 1748 DUES AND SUBSCRIPTIONS 285 285 5229457 3953980 1274967 510 1242901 2987079 4224060 10961592 628090 0 86657 128833 42773127 18658578 25604653 24114549 69294595 46388939 32480753 33103013 133561709 117684005 274432 116413 6082875 3753986 53359 62757 14650000 14031665 4665498 86529 25726164 18051350 X 106776048 99282671 914233 204720 145264 145264 107835545 99632655 133561709 117684005 X -1024890 -7161902 -16098 X 0 1 X 1 0 X 975010 90630 618733 393870 314296 2392539 975010 90630 618733 393870 314296 2392539 509572 1882967 2954786 2167165 2957156 3150191 2554328 13783626 7152 7152 11000 7092 5750 100 63 24005 16207322 0.11620 0.13320 X THE FOUNDATION MAINTAINS ACTIVE COMMUNITY SUPPORT WHICH HAS SUCCESSFULLY ATTRACTED CONTRIBUTIONS FROM THE GENERAL PUBLIC. THE FOUNDATION'S BOARD OF DIRECTORS REPRESENTS LEADERSHIP FROM AND OF THE INDUSTRY THEY SUPPORT. THE BOARD HAS BEEN DESIGNED BOTH TO FACILITATE INVOLVEMENT BY FUNDERS AND TO ENSURE ACCOUNTABILITY TO THE BOARD INDUSTRY THE FOUNDATION SERVES. THE FOUNDATION IS EXPLORE ALL AVENUES TO INCREASE PUBLIC SUPPORT BY WAY OF EDUCATION AND CORPORATE GRANTS. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2014 AMOUNT: $ 11,000. 2015 AMOUNT: $ 7,092. 2016 AMOUNT: $ 5,750. 2017 AMOUNT: $ 100. 2018 AMOUNT: $ 63. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 214136 3493 217629 212958 1178 214136 212721 237 212958 212595 126 212721 212358 237 212595 0.00000 0.00000 1.00000 0 0 37594848 16270987 21323861 3981349 1405309 2576040 1196930 982282 214648 24114549 HEDGE FUNDS 21384510 F REAL ESTATE FUND OF FUNDS 2951531 F PRIVATE EQUITY 7589480 F OTHER INVESTMENTS 1177492 F 33103013 ANNUITY LIABILITY 86529 86529 X -2992171 -7161902 611992 -6549910 3557739 646828 646828 4204567 5210719 628090 628090 4582629 646828 646828 5229457 PART V, LINE 4: THE ENDOWMENT WAS SET UP BY SLETTON CONSTRUCTION TO FUND COLLEGE SCHOLARSHIPS FOR HIGH SCHOOL GRADUATES OF THE ANDRE AGASSI COLLEGE PREPARATORY ACADEMY. IN 2009, THE FIRST GRADUATING CLASS GRADUATED FROM AACPA. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PUBLICLY SUPPORTED CHARITY OTHER THAN A PRIVATE FOUNDATION. OCCASIONALLY, THE FOUNDATION MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX. ANY UNRELATED BUSINESS INCOME TAX PREVIOUSLY PAID BY THE FOUNDATION HAS BEEN MINIMAL. THE FOUNDATION HAS ADOPTED THE ACCOUNTING STANDARD WHICH ADDRESSES THE DETERMINATION WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAIN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION FILES FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX). WHEN THE RETURN IS FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO THE FOUNDATION INCLUDE SUCH MATTERS AS THE TAX STATUS OF THE ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE BENEFIT OF A TAX POSITION IN THE FINANCIAL STATEMENTS IS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEAL OR LITIGATION PROCESSES, IF ANY. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON INTEREST SWAP LIABILITY 1,399,469. LOSS ON INVESTMENT IMPAIRMENT -787,477. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES 628,090. CENTRAL AMERICA AND THE CARIBBEA 0 0 INVESTMENTS N/A 12371203 EUROPE 0 0 INVESTMENTS N/A 3667139 0 0 0 0 0 0 16038342 0 16038342 0 0 0 1 1 0 PART I, LINE 3: ACCRUAL METHOD 1 BOYS & GIRLS CLUB OF LAS VEGAS 2850 SOUTH LINDELL ROAD LAS VEGAS NV 89146 880093150 501(C)3 50000 N/A N/A GENERAL SUPPORT CALIFORNIA POLYTECHNIC STATE UNIVERSITY FOUNDATION 1 GRAND AVENUE SAN LUIS OBISPO CA 93407 204927897 501(C)3 100000 N/A N/A GENERAL SUPPORT CATHOLIC CHARITIES OF SOUTHERN NEVADA 1501 LAS VEGAS BLVD NORTH LAS VEGAS NV 89101 880059425 501(C)3 10000 N/A N/A GENERAL SUPPORT CENTRAL CHRISTIAN CHURCH 1001 NEW BEGINNINGS DRIVE HENDERSON NV 89015 880118790 501(C)3 25000 N/A N/A GENERAL SUPPORT CLARK HIGH SCHOOL 4291 PENNWOOD AVENUE LAS VEGAS NV 89103 886000030 501(C)3 7500 N/A N/A GENERAL SUPPORT COLUMBUS URBAN LEAGUE 788 MOUNT VERNON AVENUE COLUMBUS OH 43203 314379453 501(C)3 25000 N/A N/A GENERAL SUPPORT FAITH LUTHERAN MIDDLE & HIGH SCHOOL 2015 S HUALAPAI WAY LAS VEGAS NV 89117 942581397 501(C)3 10000 N/A N/A GENERAL SUPPORT FULFILLMENT FUND 8930 SPANISH RIDGE AVENUE LAS VEGAS NV 89148 462083219 501(C)3 100000 N/A N/A GENERAL SUPPORT HOPEWELL HIGH SCHOOL ATHLETIC CLUB BOOSTER CLUB 11530 BEATTIES FORD ROAD HUNTERSVILLE NC 28078 562263298 501(C)3 15000 N/A N/A GENERAL SUPPORT MALIVAI WASHINGTON YOUTH FOUNDATION 1096 W 6TH STREET JACKSONVILLE FL 32209 593559150 501(C)3 12500 N/A N/A GENERAL SUPPORT MEADOWS SCHOOL 8901 SCHOLAR LANE LAS VEGAS NV 89128 942795420 501(C)3 125000 N/A N/A GENERAL SUPPORT ROCKETSHIP 350 TWIN DOPHIN DRIVE UNIT 109 REDWOOD CITY CA 94065 204040597 501(C)3 159273 N/A N/A GENERAL SUPPORT SAINT AUGUSTINE UNIVERSITY 1315 OAKWOOD AVENUE RALEIGH NC 27610 560547478 501(C)3 25000 N/A N/A GENERAL SUPPORT TEAM LUKE HOPE FOR MINDS 10708 JUSTICE LANE LUBBOCKS TX 79424 320351208 501(C)3 20000 N/A N/A GENERAL SUPPORT THE STEM ACADEMY INC 6300 SAGEWOOD DRIVE SUITE H235 PARK CITY UT 84098 272390050 501(C)3 60000 N/A N/A GENERAL SUPPORT 24 0 PART I, LINE 2: THE FOUNDATION REQUIRES PERIODIC UPDATES FROM GRANTEES, AS WELL AS ANNUAL FINANCIAL STATEMENTS ON EITHER THE OVERALL ENTITY OR FOR THE PROGRAM THAT THE FOUNDATION IS SUPPORTING. REPORTS ARE NOT REQUIRED FOR GENERAL OPERATING SUPPORT. X 0 0 0 0 0 0 0 0 0 JULIE PIPPENGER CHIEF OPERATING OFFICER 158928 0 0 0 0 0 0 0 11619 0 170547 0 0 0 AGASSI ENTERPRISES INC ENTITY 100% OWNED BY ANDRE AGASSI-OFFICER/TRUSTEE GENERAL AND ADMINISTRATIVE COSTS X 27837 62757 0 1 1 62757 AGASSI ENTERPRISES INC ENTITY 100% OWNED BY ANDRE AGASSI-OFFICER/TRUSTEE 251421 RENT AND STAFF COSTS 0 FORM 990, PART VI, SECTION A, LINE 2 A. AGASSI, S. MILLER, AND S. CABLE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT RETURN IS PREPARED AND REVIEWED BY THE ORGANIZATION, IT IS PRESENTED INDIVIDUALLY TO ALL SEVEN TRUSTEES OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THESE PROCEEDINGS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. IN ADDITION, EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT DESCRIBING ANY RELATIONSHIPS, TRANSACTIONS OR POSITIONS HELD (VOLUNTEER OR OTHERWISE) OR CIRCUMSTANCES WHICH HE OR SHE BELIEVES COULD CAUSE A CONFLICT OF INTEREST AS OF SUCH DATE OR IN THE FUTURE BETWEEN SUCH PERSON'S PERSONAL INTERESTS, FINANCIAL INTERESTS OR OTHERWISE. IN THE EVENT THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN SUCH DISCLOSURE STATEMENT, THE PERSON WHO SUBMITTED IT SHALL PROMPTLY SUBMIT WRITTEN NOTIFICATION OF THE CHANGE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE DETERMINED BY COMPARABILITY DATA SUPPLIED BY VARIOUS RECRUITING COMPANIES AND COMPENSATION IS IN LINE WITH OTHER COMPARABLE ORGANIZATIONS. THIS PROCESS WAS CONTEMPORANEOUSLY DOCUMENTED AND LAST PERFORMED IN 2008 FOR THE CEO, STEVE MILLER. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. FORM 990, PART XI, LINE 9: GAIN ON INTEREST RATE SWAP 1,399,469. LOSS ON INVESTMENT IMPAIRMENT -787,477. LOSS ON UNCOLLECTIBLE PLEDGE -628,090. AGASSI ENTERPRISES INC 1120 N TOWN CENTER DRIVE 160 LAS VEGAS NV 89144 880310444 SPORTS MANAGEMENT NV N/A C 0 ANDRE AGASSI TRUST 1120 N TOWN CENTER DRIVE 160 LAS VEGAS NV 89144 530136559 INVESTMENTS NV N/A T 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0