2016-02-12T09:27:09-06:00 2015-06-30 420714325 RSM US LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2014-07-01 426058591 UNIVERSITY OF NORTHERN IOWA FOUNDATION UNIV 3192737118 205 COMMONS UNI CEDAR FALLS IA 506140282 GINA TRIMBLE TREASURER 3192737118 2016-02-11 1 CARLEY UMSTEAD P00982177 3192985333 2014 2016-08-17 19:52:53Z LISA BARONIO 205 COMMONS UNI CEDAR FALLS IA 506140282 72120700 0 X WWW.UNI-FOUNDATION.ORG X 1959 IA THE UNIVERSITY OF NORTHERN IOWA FOUNDATION'S MISSION IS TO SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA BY SOLICITING AND MANAGING GIFTS TO SUPPORT THE UNIVERSITY'S EDUCATION, RESEARCH AND SCIENTIFIC ACTIVITIES. 27 27 0 100 59371 34041 11153500 13617205 0 0 8596399 5430821 36852 53478 19786751 19101504 5053703 4911282 0 0 0 0 194278 255642 2400971 8719187 8882417 13967168 14049341 5819583 5052163 136808675 139292876 4666430 3613405 132142245 135679471 THE UNIVERSITY OF NORTHERN IOWA FOUNDATION'S MISSION IS TO SUSTAIN, GROW AND PROMOTE THE UNIVERSITY OF NORTHERN IOWA BY SOLICITING AND MANAGING GIFTS TO SUPPORT THE UNIVERSITY'S EDUCATION, RESEARCH AND SCIENTIFIC ACTIVITIES. 0 0 4361757 4361757 SCHOLARSHIPS, PRIMARILY FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA 4223392 549525 DEPARTMENTAL SUPPORT FOR THE BENEFIT OF STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA 889274 CAPITAL PROJECTS TO BENEFIT THE UNIVERSITY OF NORTHERN IOWA 9474423 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK CA CO DC FL MA MD MI MN NC NH NJ NY OH OK OR SC TN UT X X GINA E TRIMBLE 3192737118 121 COMMONS CEDAR FALLS IA 506140239 DAVID MASON CHAIR OF THE BOARD 2.00 X X 0 0 0 MARK OMAN 1ST VICE CHAIR 1.00 X X 0 0 0 DAVID TAKES 2ND VICE CHAIR 1.00 X X 0 0 0 STEVE ANDERSON TRUSTEE 1.00 X 0 0 0 JAN BITTNER TRUSTEE 1.00 X 0 0 0 PAT COBB TRUSTEE 1.00 1.00 X 0 0 0 JOY CORNING TRUSTEE 1.00 X 0 0 0 EUGENE DIETZ TRUSTEE 1.00 X 0 0 0 REX ENO TRUSTEE 1.00 X 0 0 0 EDWARD J GALLAGHER JRPART-YEAR TRUSTEE 1.00 X 0 0 0 KEVIN HARBERTS TRUSTEE 1.00 X 0 0 0 JORGEN HEIDEMANN TRUSTEE 1.00 1.00 X 0 0 0 GUANG JIN TRUSTEE 1.00 1.00 X 0 0 0 ROSE LORENZ TRUSTEE 1.00 1.00 X 0 0 0 RUTH ANN MEYER TRUSTEE 1.00 1.00 X 0 0 0 JIM MUDD SR TRUSTEE 1.00 X 0 0 0 DENNIS MULLEN TRUSTEE 1.00 X 0 0 0 DAVID OMAN TRUSTEE 1.00 X 0 0 0 RICHARD REDFERN TRUSTEE 1.00 X 0 0 0 REID RICHARDS TRUSTEE 1.00 X 0 0 0 BEVERLY RIESS TRUSTEE 1.00 X 0 0 0 RICHARD SAVAGE TRUSTEE 1.00 1.00 X 0 0 0 STEVE SEGEBARTH TRUSTEE 1.00 X 0 0 0 JAMES SLIFE PART-YEAR TRUSTEE 1.00 X 0 0 0 DUANE SMITH TRUSTEE 1.00 1.00 X 0 0 0 SANDY STEVENS TRUSTEE 1.00 X 0 0 0 BOBBIE WILLIAMS TRUSTEE 1.00 X 0 0 0 TIM WILLIAMS TRUSTEE 1.00 X 0 0 0 RICK YOUNG TRUSTEE 1.00 X 0 0 0 WILLIAM D CALHOUN JR PRESIDENT OF THE BOARD 40.00 1.00 X 197093 0 43222 FRANK ESSER VP FOR DEVELOPMENT 40.00 X 120065 0 27641 NOREEN HERMANSEN VICE PRESIDENT OF THE BOAR 40.00 X 128052 0 22784 GINA TRIMBLE VP/TREASURER OF BOARD 40.00 1.00 X 93376 0 28295 JEAN CARLISLE VP/SECRETARY OF BOARD 40.00 1.00 X 84885 0 30677 GARY SHONTZ VICE PRESIDENT OF BOARD 1.00 X 0 0 0 623471 0 152619 3 0 1 1 RUFFALO NOEL LEVITZ PO BOX 3018 CEDAR RAPIDS IA 524063018 FUNDRAISING 408257 MORGAN STANLEY SMITH BARNEY 4449 EASTON WAY STE 300 COLUMBUS OH 43219 INVESTMENT CONSULTING 170983 PETERS CONSTRUCTION CORPORATION PO BOX 2940 WATERLOO IA 50704 CONSTRUCTION/REMODEL OF WEST GYM 122768 3 169751 13447454 1864342 13617205 2471206 2471206 12000 17893 -5893 -5893 -5893 55823062 52863447 2959615 2959615 2959615 137856 169751 137856 0 PARTNERSHIP K-1S 531120 59371 59371 59371 19101504 0 59371 5424928 X 549525 549525 4361757 4361757 15780 2154 13626 57795 57795 255642 255642 1106004 1106004 3854461 1727301 743378 1383782 3427 2750 677 475087 210950 36847 227290 77465 46278 4331 26856 134814 60417 55889 18508 555281 408981 2822 143478 69740 54814 2283 12643 107458 92600 14858 58179 46671 7392 4116 BLDG & EQUIP MAINT 1571467 1461301 39684 70482 MEALS & ENTERTAINMENT 407527 201746 15369 190412 MISCELLANEOUS 331466 192183 73669 65614 ANNUITY/TRUST PAYMENTS 54995 54995 1471 1471 14049341 9474423 2173947 2400971 586091 907066 2816 14288 6057690 6825462 148985 223801 123918 183685 2362072 1452210 808331 909862 88444750 90122580 38775900 38293987 1860194 1812145 136808675 139292876 1378872 685769 3287558 2927636 4666430 3613405 X 9163193 8809512 40986283 40417265 81992769 86452694 132142245 135679471 136808675 139292876 X 5052163 -1455566 -59371 X 0 1 X 1 0 X 20537667 12524082 27713219 11153500 13823259 85751727 20537667 12524082 27713219 11153500 13823259 85751727 25087183 60664544 1597920 1684187 1930020 2279682 2472567 9964376 4098 4098 95720201 0.63380 0.63870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 2.00 1 0 0.00 0 93879223 4795296 1994632 1772717 906557 1395378 96594499 83003045 2428503 10794938 1406515 805545 135203 93879223 61060506 19629127 6078199 1372533 1042334 1349920 83003045 61196189 4005346 -529339 1255104 1193686 1162900 61060506 43123573 13083659 7796797 1158311 540146 1109383 61196189 0.02000 0.86000 0.12000 1 0 50240 50240 65206 1820427 1222300 663333 208009 14858 193151 191519 191519 0 26671 23533 3138 909862 OTHER INVESTMENTS 209513 F INTEREST IN CRATS 999731 F INTEREST IN CRUTS 2275263 F ALTERNATIVE INVESTMENTS 34809480 F 38293987 ANNUITIES PAYABLE 1758917 ANNUITY TRUSTS PAYABLE 756460 UNITRUSTS PAYABLE 412259 2927636 X 18161442 -1455565 1629094 33891 207420 17954022 1106004 41478 1147482 19101504 14655471 1629094 83040 1712134 12943337 1106004 1106004 14049341 PART II, LINE 3: NO ACTIVITY DURING THE YEAR. PART V, LINE 4: SCHOLARSHIPS AND DEPARTMENTAL SUPPORT FOR STUDENTS AT THE UNIVERSITY OF NORTHERN IOWA. PART X, LINE 2: THE ORGANIZATIONS ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THUS, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO ITS FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AUTHORITIES FOR YEARS PRIOR TO JUNE 30, 2012 NOR HAVE WE BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE (LOSS) OF OTHER CONSOLIDATED ENTITIES 33,891. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -17,893. K-1 PARTNERSHIP INCOME BOOK/TAX DIFFERENCE 59,371. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF OTHER CONSOLIDATED ENTITIES 65,147. RENTAL EXPENSES 17,893. PAGE 1, PART II, QUESTION 9: UNIVERSITY OF NORTHERN IOWA FOUNDATION DOES NOT REPORT THE EASEMENTS ON THE ORGANIZATION'S FINANCIAL STATEMENTS. UNIVERSITY OF NORTHERN IOWA FOUNDATION IS IN THE PROCESS OF TRANSFERRING THE EASEMENTS TO UNIVERSITY OF NORTHERN IOWA AS THEY WERE DONATED FOR THE BENEFIT OF UNIVERSITY OF NORTHERN IOWA. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 7547486 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 20073228 0 0 0 0 0 0 27620714 0 27620714 0 0 0 1 0 0 X X X X X X 1 RUFFALO NOEL LEVITZ PO BOX 3018 CEDAR RAPIDS IA 524063018 PHONE SOLICITATION 0 1102909 408257 694652 1102909 408257 694652 AL CA FL GA IL KS MS NM NC ND PA RI WV WI AR CT HI KY LA ME MI MS OH TN UT VA AK AZ MD MA MN NH NJ NY OK OR SC WA NV AUCTION 281598 153511 128087 128087 AUCTION 26009 16240 9769 9769 307607 169751 137856 137856 137856 0 1 UNIVERSITY OF NORTHERN IOWA-RICHARD JACOBSON CTR FOR COMPREHENSIVE LITERACY 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 378550 CASH THE ROJCCL WAS ESTABLISHED AT THE UNI CAMPUS BY AN ENDOWMENT MADE BY DICK JACOBSON TO TRAIN AND COACH TEACHERS AND CONTRIBUTE TO THEIR ONGOING LEARNING AFTER COLLEGE. UNI CENTER FOR EDUCATIONAL TRANSFORMATION 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 137487 CASH CARVER GRANT DOLLARS PAID TO THE CENTER UNIVERSITY OF NORTHERN IOWA - UPWARD BOUND PROGRAM 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 328 CASH JOHN DEERE UNI-CUE BRIDGE PROGRAM UNIVERSITY OF NORTHERN IOWA 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 1425 CASH AUTISM SPEAKS GRANT PAID TO UNI FOR PAYROLL AND OTHER MISCELLANEOUS EXPENSES UNIVERSITY OF NORTHERN IOWA 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 1645 CASH MCELROY TRUST GRANT - UNI 4 KIDS UNIVERSITY OF NORTHERN IOWA 1227 W 27TH ST CEDAR FALLS IA 50614 426004333 SECTION 115 269 CASH MCELROY TRUST GRANT - EMERGENCY & OPPORTUNITY FUND UNIVERSITY OF NORTHERN IOWA ALUMNI ASSOCIATION 1012 W 23RD ST CEDAR FALLS IA 50614 421008316 501(C)(4) 25000 CASH PROGRAM SUPPORT 1 1 STUDENT SCHOLARSHIPS AND AWARDS 1662 4361757 PART I, LINE 2: SCHOLARSHIPS ARE ADMINISTERED BY THE UNIVERSITY OF NORTHERN IOWA'S FINANCIAL AID OFFICE. X X 0 0 0 0 0 0 0 0 0 WILLIAM D CALHOUN JR PRESIDENT OF THE BOARD 191143 0 0 0 5950 0 19796 0 23426 0 240315 0 0 0 NOREEN HERMANSEN VICE PRESIDENT OF THE BOAR 126682 0 0 0 1370 0 12776 0 10008 0 150836 0 0 0 JEAN CARLISLE VP/SECRETARY OF BOARD 84436 0 0 0 449 0 9106 0 21571 0 115562 0 0 0 SCHEDULE J SUPPLEMENTAL INFORMATION FORM 990, PART VII, SECTION A, LINE 1 AND/OR SCHEDULE J, PART II INCLUDE COMPENSATION FOR SERVICES RENDERED TO THE FILING ORGANZATION FROM AN UNRELATED ORGANIZATION. NAME OF UNRELATED ORGANIZATION: THE UNIVERSITY OF NORTHERN IOWA TYPE AND AMOUNT OF COMPENSATION PAID OR ACCRUED: ALL COMPENSATION FOR THE FIVE INDIVIDUALS LISTED BELOW IN (A) AND (B) WAS PAID BY THE UNRELATED ORGANIZATION. PERSONS RECEIVING OR ACCRUING COMPENSATION FROM UNRELATED ORGANIZATION: (A) WILLIAM D. CALHOUN, JR., PRESIDENT AND JEAN CARLISLE, VP/SECRETARY, ARE PAID BY THE UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION. THE FILING ORGANIZATION DOES NOT REIMBURSE THE UNRELATED ORGANIZATION FOR COMPENSATION PAID TO THESE INDIVIDUALS. (B) FRANK ESSER, VP, NOREEN HERMANSEN, VP, AND GINA TRIMBLE, VP/TEASURER ARE PAID BY THE UNRELATED ORGANIZATION FOR SERVICES RENDERED TO THE FILING ORGANIZATION. THE FILING ORGANIZATION REIMBURSES THE UNRELATED ORGANIZATION FOR COMPENSATION PAID TO THESE INDIVIDUALS. COMPENSATION REIMBURSEMENTS PAID TO THE UNRELATED ORGANIZATION ARE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES ON FORM 990, PART IX, LINE 11G AS OTHER FEES FOR SERVICES. X 10 46840 FMV/APPRAISAL X 65 FAIR MARKET VALUE X 35 1412145 STK EXCHANGE-AVG FMV X 3 6279 FAIR MARKET VALUE X EQUIPMENT 6 175298 FAIR MARKET VALUE X AUCTION 142 112852 FAIR MARKET VALUE X MEALS 16 36827 FAIR MARKET VALUE X PRINTING 9 32337 FAIR MARKET VALUE X SOFTWARE 2 26500 FAIR MARKET VALUE X SUPPLIES 14 15199 FAIR MARKET VALUE 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 MARK OMAN, TRUSTEE AND DAVID OMAN, TRUSTEE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT REVIEWS THE FORM 990. UPON MANAGEMENT APPROVAL OF THE FORM 990, THE AUDIT COMMITTEE REVIEWS THE ENTIRE FORM 990 AND SCHEDULES WITH THE OUTSIDE TAX PREPARER AT AN ON-CAMPUS COMMITTEE MEETING. THE AUDIT COMMITTEE CHAIR PRESENTS AN OVERVIEW OF THE FORM 990 TO THE FULL BOARD AT AN ON-CAMPUS MEETING. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE DISTRIBUTED ANNUALLY TO TRUSTEES, OFFICERS AND STAFF. ALL ARE ASKED TO DISCLOSE RELATIONSHIPS AND/OR ORGANIZATIONAL COMMITMENTS TO ASSIST IN IDENTIFYING, MANAGING AND/OR REDUCING CONFLICTS OF INTEREST. QUESTIONNAIRES ARE REVIEWED BY THE PRESIDENT OF THE FOUNDATION OR HIS DESIGNEE FOR POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT OF THE FOUNDATION COMMUNICATES WITH NECESSARY INDIVIDUALS TO DETERMINE WHAT ACTION, IF ANY, MUST OCCUR, IE, REFRAINING FROM BOARD VOTES, ETC. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE UNI FOUNDATION ALSO HAS A UNIVERSITY APPOINTMENT AS VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT. SALARY FOR THIS POSITION IS PAID THROUGH UNIVERSITY GENERAL FUNDS. SALARY INCREASES FOR FACULTY, PROFESSIONAL STAFF AND ADMINISTRATORS ARE TO A LARGE EXTENT DETERMINED BY COLLECTIVE BARGAINING OF THE FACULTY UNION. THE AMOUNT OF SALARY INCREASE FOR THE UNI FOUNDATION PRESIDENT AND OTHER OFFICERS IS DETERMINED BY THE PRESIDENT OF THE UNIVERSITY IN CONSULTATION, AS NEEDED, WITH THE UNI FOUNDATION BOARD OF TRUSTEES. INCREASES ARE DETERMINED BY A VARIETY OF FACTORS, PRIMARILY THE ACHIEVEMENT OF MUTUALLY-AGREED UPON ANNUAL GOALS BY THE UNIVERSITY PRESIDENT AND THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT/UNI FOUNDATION PRESIDENT. HUMAN RESOURCE SERVICES AT THE UNIVERSITY PROVIDES REGULAR UPDATES REGARDING SALARIES (BY POSITION AND TITLE) AT OUR PEER INSTITUTIONS. ALL WRITTEN DOCUMENTATION IS HELD IN A LOCKED FILE (BOTH PAPER AND ELECTRONIC) WITHIN THE OFFICE OF THE PRESIDENT AND IS ONLY ACCESSIBLE WITH PERMISSION OF THE RESPECTIVE STAFF MEMBER AND THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER SERVICES: PROGRAM SERVICE EXPENSES 1,727,301. MANAGEMENT AND GENERAL EXPENSES 743,378. FUNDRAISING EXPENSES 1,383,782. TOTAL EXPENSES 3,854,461. FORM 990, PART XI, LINE 9: K-1 PARTNERSHIP INCOME BOOK/TAX DIFFERENCE -59,371. UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION 205 COMMONS UNI CEDAR FALLS IA 506140282 391896362 MANAGE INTELLECTUAL PROPERTY RIGHTS IA 501(C)(3) LINE 11A, I UNIVERSITY OF NORTHERN IOWA FOUNDATION 1 UNIVERSITY OF NORTHERN IOWA PROPERTIES CORPORATION 205 COMMONS UNI CEDAR FALLS IA 506140282 391896366 ACCEPT, HOLD, MANAGE & ADMINISTER PROPERTY FOR UNI FOUNDATION IA 501(C)(3) LINE 11A, I UNIVERSITY OF NORTHERN IOWA FOUNDATION 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 UNIVERSITY OF NORTHERN IOWA RESEARCH FOUNDATION D 10000 LOAN