2019-11-05T14:20:23-06:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 1901 MAIN STREET SUITE 900 COLUMBIA SC 29201 990 2018-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 RANDY EDWARDS PRESIDENT 8282622341 2019-10-29 1 DENISE P HILL P00046615 8032560002 2019-10-29 24.181.201.165 2019-10-29 09:21:54 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 99AFABE94547B544723E04EEA8F4500EFBDE7EE5 2018 2020-01-14 16:20:31Z RANDY EDWARDS ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 22057708 0 X HTTP://GIVE.APPSTATE.EDU/FOUNDATION/ X 1970 NC TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY. 29 29 0 29 -159 -4159 28053886 18630299 126929 248789 4916 -1358252 51059 80753 28236790 17601589 16856755 13778266 0 0 0 0 0 0 1392202 2007799 2313178 18864554 16091444 9372236 1510145 156475198 163259259 8622428 7498743 147852770 155760516 X TO PROVIDE SUPPORT TO APPALACHIAN STATE UNIVERSITY 0 0 5840730 5840730 33201 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 3292044 3292044 6038 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 4645492 4645492 112230 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 477170 0 110104 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY 477170 0 110104 14255436 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 32 0 0 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA MD MN NJ OH SC MA MI NH NY OR X DAVID LANCE INTERIM CFO 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 28608 CANTEY ALEXANDER BOARD MEMBER 1.00 X 0 0 0 STEPHANIE BILLINGS BOARD MEMBER 1.00 X 0 0 0 JOHN BLACKBURN BOARD MEMBER 1.00 X 0 0 0 KATHRYN BLANCHARD VICE CHAIR 3.00 X X 0 0 0 TED CHANDLER CHAIR 3.00 X X 0 0 0 CAROLYN CLARK BOARD MEMBER 1.00 X 0 0 0 FAIRLEY BELL COOK BOARD MEMBER 2.00 X 0 0 0 ALICIA FARRER BOARD MEMBER 1.00 X 0 0 0 KYLER FERGUSON BOARD MEMBER 1.00 X 0 0 0 CHARLENE FOLEY BOARD MEMBER 1.00 X 0 0 0 KIMBERLY JONES GREEN BOARD MEMBER 1.00 X 0 0 0 BRYAN HAAS BOARD MEMBER 1.00 X 0 0 0 AVERY HALL BOARD MEMBER 2.00 X 0 0 0 CHRISTY HOLDEN BOARD MEMBER 1.00 X 0 0 0 CHARLENE JOHNSON TREASURER 3.00 X X 0 0 0 LIVIAN JONES SECRETARY 3.00 X X 0 0 0 PAUL KIZAKEVICH BOARD MEMBER 1.00 X 0 0 0 TASSE LITTLE BOARD MEMBER 1.00 X 0 0 0 ALLEN LOCKWOOD BOARD MEMBER 1.00 X 0 0 0 JEFF MERRITT BOARD MEMBER 1.00 X 0 0 0 PHILLIP OSTWALT BOARD MEMBER 1.00 X 0 0 0 SAM POWERS BOARD MEMBER 1.00 X 0 0 0 STEVEN PRICE BOARD MEMBER 1.00 X 0 0 0 JAMES REAVES BOARD MEMBER 2.00 X 0 0 0 BIXBY STEWART BOARD MEMBER 1.00 X 0 0 0 JAMES TOLLIVER BOARD MEMBER 1.00 X 0 0 0 DAPHNE URQUHART BOARD MEMBER 1.00 X 0 0 0 STACIE WALKER BOARD MEMBER 1.00 X 0 0 0 HUNTER WIDENER BOARD MEMBER 2.00 X 0 0 0 RANDY EDWARDS PRESIDENT 20.00 20.00 X 0 242305 51467 LAURA CRANDALL CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 128815 24242 0 371120 75709 0 0 1 0 UNC MANAGEMENT COMPANY INC 1400 ENVIRON WAY CHAPEL HILL NC 27517 INVESTMENT MANAGEMENT 334838 EAB GLOBAL INC PO BOX 603519 CHARLOTTE NC 282603519 ANNUAL GIVING FUNDRAISING PROGRAM 134812 2 235673 18394626 3389341 18630299 OTHER PROGRAM REVENUE 900099 162573 162573 EVENT ADMISSIONS & MEALS 611710 78101 78101 FLEET VEHICLE REVENUE 480000 8115 8115 248789 638381 638381 71549 1500 70049 1275087 1053574 1170136 3155158 104951 -2101584 -1996633 -1996633 98904 235673 120825 -21921 -21921 30000 10000 20000 20000 MISCELLANEOUS 900099 12784 12784 PASSTHROUGH FROM: MAGELLAN MIDSTR 900099 -4 -4 PASSTHROUGH FROM: THE BROYHILL AL 900099 -1655 -1655 11125 17601589 261573 -159 -1290124 13778266 13778266 333178 333178 50683 6050 44633 342550 113807 12375 216368 256909 27108 2129 227672 307457 128032 179425 SUPPLIES 433316 126432 2584 304300 CURRENT SERVICES 228675 31225 4145 193305 OTHER CONTRACT SERVICES 165053 25535 0 139518 FIXED CHARGES 153500 18981 44762 89757 41857 41857 16091444 14255436 443806 1392202 1000 1375 3570538 4664394 31758764 28955244 115177 46960 3567 56971 6754600 8580600 6754600 112260803 122589134 184749 190581 156475198 163259259 217224 187737 2336 528 6589303 5475356 1813565 1835122 8622428 7498743 X 7116936 7573147 69117568 67754453 71618266 80432916 147852770 155760516 156475198 163259259 X 1510145 7886097 -1488496 X X 0 1 X 1 0 X 21910741 11908472 12165271 28053886 18630299 92668669 21910741 11908472 12165271 28053886 18630299 92668669 5737656 86931013 973412 314871 432518 558522 709930 2989253 30412 770 757 -2868 -155 28916 8303 5420 10822 9484 12784 46813 95733651 0.90810 0.92690 X 89026986 7776974 4358203 1568401 973880 98619882 81713933 2451121 7606143 1512801 1231410 89026986 75714058 2573059 6854075 1503599 1923660 81713933 76480833 2514643 -1029781 1351488 900149 75714058 74717509 2882348 960319 1135144 944199 76480833 0.01890 0.72190 0.25930 0 0 4870600 1884000 6754600 6754600 ALTERNATIVE INVESTMENTS 90777356 F BENEFICIAL INTERESTS IN PERPETUAL TRUSTS/OTHER 3445915 F SHORT TERM INVESTMENT FUND 25171418 F OTHER ALTERNATIVE INVESTMENTS 3194445 F 122589134 SPLIT INTEREST AGREEMENT 1835122 1835122 X 29085100 7886097 3826689 103903 11816689 17268411 333178 333178 17601589 19584955 3826689 3826689 15758266 333178 333178 16091444 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIP AWARDS AND SUPPORT OF UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORM 990-T ANNUALLY AND REPORTS UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 98,072. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 5,831. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSES NETTING WITH REVENUE 333,178. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES RECLASSIFIED TO EXPENSES VERSES NETTING WTIH REVENUE 333,178. FOOTBALL FUND GOLF TOURNAMENT 119640 83165 36475 2080 8474 0 24670 ATHLETICS DINNER 76600 53045 23555 6324 16164 0 13521 7 138337 99463 38874 200 14194 35198 334577 235673 98904 8604 38832 73389 120825 -21921 30000 10000 0 30000 10000 10000 20000 NC 0 NORTH CAROLINA GENERAL STATUTE SEC 14-309 15 PERMITS CERTAIN NONPROFIT ORGANIZATIONS TO CONDUCT FOUR RAFFLES PER YEAR. A RAFFLE CONDUCTED PURSUANT TO THIS SECTION IS NOT A VIOLATION OF STATE LAW. 0 0 0 1.00000 DAVID LANCE ASU BOX 32064 MCKINNEY ALUMNI CENTE BOONE NC 28608 0 BRIAN TRACY BRIAN TRACY, SENIOR ASSOCIATE ATHLETICS DIRECTOR, COORDINATED THE RAFFLE X 0 1 APPALACHIAN STATE UNIVERSITY OPERATIONS DEPARTMENT BOONE NC 28608 561176030 STATE GOV'T ENTITY 5435636 405094 FMV FMV OF SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY SCHOLARSHIP SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 3292044 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 4467270 178222 FMV FMV OF EQUIPMENT AND SERVICES DONATED SUPPORT FOR APPALACHIAN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIPS AND PROGRAMS. 1 0 0 0 0 0 0 0 0 0 0 RANDY EDWARDS PRESIDENT 0 242305 0 0 0 0 0 45212 0 6255 0 293772 0 0 LAURA CRANDALL CHIEF FINANCIAL OFFICER 0 128815 0 0 0 0 0 18100 0 6142 0 153057 0 0 X 9 70375 APPRAISAL X 43 3004170 MARKET QUOTE X SUPPLIES AND EQUIPMENT 121 314797 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 UNIVERSITY EMPLOYEES MAY NOT SERVE AS VOTING MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 WITH THE PREPARER AND THEN THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW, WITH THE EXCEPTION OF SCHEDULE B WHICH THE BOARD MEMBERS WILL NOT BE ABLE TO REVIEW. THE RETURN IS FILED AFTER THE FORM 990 IS SENT TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ATTORNEY MEETS WITH THE BOARD OF DIRECTORS ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST ANNUAL REPORTING STATEMENT AT THE MEETING FOR COMPLETION AND RETURN IT TO THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT PAY ANY FORM OF COMPENSATION, RATHER EMPLOYEES OF APPLACHIAN STATE UNIVERSITY CARRY OUT THE REGULAR TASKS AND DUTIES OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE FOUNDATION ACCOUNTING OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 98,072. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 5,831. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -1,592,399. FORM 990, PART XII, LINE 2C: NO CHANGE IN SELECTION OR OVERSIGHT PROCESS APPALACHIAN STATE UNIVERSITY APPALACHIAN STATE UNIVERSITY BOONE NC 28608 561176030 PUBLIC UNIVERSITY NC STATE GOV'T ENTITY N/A N/A 0 APPALACHIAN REAL ESTATE HOLDINGS INC PO BOX 32156 BOONE NC 28608 271877570 TO HOLD AND MANAGE REAL ESTATE INTERESTS FOR THE BENEFIT OF THE UNIVERSITY NC 501(C)(3) LINE 11A, I APPALACHIAN STATE UNIVERSITY 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 APPALACHIAN STATE UNIVERSITY B 13778266 ACTUAL CASH TRANSFERRED