2017-02-15T00:00:00-06:00 2016-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2015-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF PRESIDENT 3037409400 2017-02-15 1 DORI J EGGETT P00645252 3037409400 2015 2021-01-29 14:40:06Z CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 29060289 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 21 19 917 26 31669 3773 1321530 2598165 26617559 26174153 471905 -238055 61934 114208 28472928 28648471 5075562 5040865 0 0 15254661 15852335 0 0 677110 8670282 8223692 29000505 29116892 -527577 -468421 35574119 33432785 14971796 13425498 20602323 20007287 X SEE SCHEDULE O. NAROPA UNIVERSITY, AS THE LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION IN NORTH AMERICA, EDUCATES THE WHOLE PERSON, CULTIVATING ACADEMIC EXCELLENCE AND CONTEMPLATIVE INSIGHT IN ORDER TO INFUSE KNOWLEDGE WITH WISDOM. NAROPA IS ECUMENICAL AND NON-SECTARIAN, WHOSE STUDENTS ARE PREPARED TO ENGAGE COURAGEOUSLY WITH A COMPLEX AND CHALLENGING WORLD THROUGH SKILFUL AND COMPASSIONATE ACTIONS. 0 0 23303466 4983477 24989603 THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE AND CONTINUING EDUCATIONPROGRAMS IN ARTS, SOCIAL SCIENCES AND THE HUMANITIES. IT ISACCREDITED 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. 566084 26038 590750 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. 319428 31350 593800 STUDENT HOUSING FOR THOSE UNDERGRADUATES THAT ARE REQUIRED TO LIVE IN STUDENT HOUSING OR THOSE STUDENTS THAT ELECT TO LIVE IN STUDENT HOUSING. 24188978 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 191 0 1 917 1 1 1 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X TYLER KELSCH 3035463569 2130 ARAPAHOE AVE BOULDER CO 80302 JOHN COBB TRUSTEE 1.00 X 0 0 0 JERRY COLONNA CHAIRMAN 1.00 X X 0 0 0 ANDREW DAVISON TRUSTEE 1.00 X 0 0 0 THOMAS HAST TREASURER 1.00 X X 0 0 0 CHRISTOPHER HORMEL TRUSTEE 1.00 X 0 0 0 WILLIAM HULLEY TRUSTEE 1.00 X 0 0 0 DIANE ISRAEL TRUSTEE 1.00 X 0 0 0 CAROLYN JACOBS TRUSTEE 1.00 X 0 0 0 MARTIN JANOWITZ TRUSTEE 1.00 X 0 0 0 LYNN KATZMANN SECRETARY 1.00 X X 0 0 0 MONIQUE BANKEY STUDENT TRUSTEE 1.00 X 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 40.00 X X 236208 0 19433 ROSE MARCARIO TRUSTEE 1.00 X 0 0 0 TYLER NORRIS TRUSTEE 1.00 X 0 0 0 JIM ROSEN TRUSTEE 1.00 X 0 0 0 VIJAY SINGH TRUSTEE 1.00 X 0 0 0 VEN SAKYONG MIPHAM RINPOCHE TRUSTEE AND LINEAGE HOLDER 1.00 X 0 0 0 MARK WILDING TRUSTEE 1.00 X 0 0 0 JAN WILLIS TRUSTEE 1.00 X 0 0 0 SUSAN BURGRAFF FACULTY TRUSTEE 40.00 X 75088 0 9117 MATT STINCHCOMB TRUSTEE 1.00 X 0 0 0 TODD KILBURN VP BUSINESS AFFAIRS/CFO 40.00 X 126886 0 16083 JANET CRAMER PROVOST & VP ACADEMIC 40.00 X 162223 0 21363 CHERYL BARBOUR VP ST AFFAIRS & ENROLLMENT 40.00 X 131333 0 19819 731738 0 85815 4 0 1 0 JENZABAR PO BOX 55018 BOSTON MA 02205 SOFTWARE SUPPORT 684592 WHERE THERE BE DRAGONS 3200 CARBON PL SUITE 2150 BOULDER CO 80301 STUDY ABROAD PROGRAM ADMINISTRATOR 188355 JACKSON KELLY PLLC 1099 18TH ST SUITE 2150 DENVER CO 80202 LEGAL SERVICES 168011 SHAMBHALA MOUNTAIN CENTER 151 SHAMBHALA WAY RED FEATHER LAKES CO 80545 STUDENT RETREAT FACILITY 160468 4 288903 2309262 878269 2598165 TUITION & FEES 611710 24523223 24523223 AUXILIARY-HOUSING 611710 593800 593800 AUXILIARY-PRESCHOOL 611710 590750 590750 OTHER PROGRAM REVENUE 611710 466380 466380 26174153 173763 173763 411818 -411818 -411818 -411818 OTHER REVENUE 900099 82539 82539 UBI FROM K-1S 900099 31669 31669 114208 28648471 26174153 31669 -155516 5040865 5040865 844187 424272 419915 11985826 10246443 1408847 330536 429780 370276 49212 10292 1615456 1377299 189524 48633 977086 851316 100646 25124 215220 7999 207221 69106 69106 564891 264585 275332 24974 347180 77667 269443 70 254617 212787 -9899 51729 958741 772577 145362 40802 926467 633775 281143 11549 293637 245354 39315 8968 75639 66151 8832 656 419532 366286 48413 4833 982342 827456 140827 14059 EDUCATION MATERIAL 1851364 1836083 15281 EQUIPMENT & MAINTENANCE 336090 224247 108774 3069 HOSTING 205995 141863 46558 17574 DUES AND SUBSCRIPTIONS 150022 105226 38007 6789 572849 96451 398945 77453 29116892 24188978 4250804 677110 2495855 1687538 1460773 1296343 301451 424974 705709 709091 390382 321881 842792 243870 30475836 8857431 22235730 21618405 6999641 7038183 141786 92500 35574119 33432785 1704747 1196764 346476 322329 11540976 10714164 902840 882236 476757 310005 14971796 13425498 X 17341327 16505557 1467456 1211224 1793540 2290506 20602323 20007287 35574119 33432785 X -468421 -94946 -31669 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82449 X X 0 6999641 576705 -328607 209556 7038183 6792014 280147 87905 160425 6999641 5957688 295943 625435 59176 27876 6792014 5551693 64040 435746 93791 5957688 4830676 815154 -36536 57601 5551693 0.60750 0.32550 0.06700 0 0 6290241 6290241 19991771 5910827 14080944 48936 48621 315 2376274 1600667 775607 1768614 1297316 471298 21618405 PERKINS FUND PAYABLE 310005 310005 X 23480991 -94946 -94946 23575937 5072534 5072534 28648471 24076027 0 24076027 5040865 5040865 29116892 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 X, LINE 2: THE UNIVERSITY APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVALUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2016 AND 2015. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED IN MANAGEMENT AND GENERAL EXPENSES. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2016 AND 2015. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2012 THROUGH PRESENT. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,983,477. UBI FROM K-1S 31,669. ALAYA SCHOLARSHIPS 26,038. HOUSING GRANTS 31,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,983,477. ALAYA SCHOLARSHIPS 26,038. HOUSING GRANTS 31,350. 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. SOUTH ASIA 0 PROGRAM SERVICE STUDY ABROAD 930091 CENTRAL AMERICA AND THE CARIBBEAN 0 PROGRAM SERVICES STUDY ABROAD 390335 0 0 0 0 0 0 1320426 0 1320426 1 0 0 0 0 0 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 552 4983477 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 21 26036 HOUSING DISCOUNT 5 31350 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 236208 0 0 0 0 0 11810 0 7623 0 255641 0 0 0 JANET CRAMER PROVOST & VP ACADEMIC 162223 0 0 0 0 0 8111 0 13252 0 183586 0 0 0 CHERYL BARBOUR VP ST AFFAIRS & ENROLLMENT 131333 0 0 0 0 0 6567 0 13252 0 151152 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 2013B 840896727 NONEAVAIL 2013-11-01 7454082 REFUND OF 2005 BOND ISSUE AND CAPITAL IMPROVEMENTS 0 0 0 B COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY SERIES 2013A 840896727 NONEAVAIL 2015-05-01 4452435 REFUND OF 1999 BOND ISSUE 0 0 0 A 7454082 149082 2210000 5095000 2014 1 0 1 1 B 4452435 4452435 2014 1 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 A 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 PART II, LINE 11 $5,095,000 OF THE PROCEEDS FROM THE SERIES 2013B BOND ISSUANCE WERE USED TO REFUND THE SERIES 2005 BONDS. $4,452,435 OF THE PROCEEDS FROM THE SERIES 2013A BOND ISSUANCE WERE USED TO REFUND THE SERIES 1999 BONDS. CHARLES LIEF UNIVERSITY PRESIDENT 53910 RESIDENCE RENTAL 0 X 11 10900 FAIR MARKET VALUE X 1135 FAIR MARKET VALUE X 1 339269 STOCK MARKET PRICE X 1 92030 FAIR MARKET VALUE X 1 398952 APPRAISED VALUE X OTHER 18 20171 FAIR MARKET VALUE X PIANO 1 10000 FAIR MARKET VALUE X TICKETS/GC 21 5033 FAIR MARKET VALUE X COMPUTERS 1 780 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE FINANCE TEAM AND PRESIDENT BEFORE BEING FILED WITH THE IRS. THE REVIEWED FORM 990, WITH THE IDENTITY OF ONE ANONYMOUS DONOR REDACTED ON SCHEDULE B, IS THEN FORWARDED TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. 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 -31,669.