2015-04-30T08:23:13-05:00 2014-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2013-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF PRESIDENT 3037409400 2015-04-29 1 DORI J EGGETT P00645252 3037409400 2013 2016-03-07 17:11:31Z CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 26522291 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 22 20 784 20 -10685 -10685 1164639 1630444 23022888 24355792 269067 455442 49247 42345 24505841 26484023 3940090 4337177 0 0 12694540 14167462 0 0 646102 7197854 7325983 23832484 25830622 673357 653401 34100171 36499517 13684883 15001627 20415288 21497890 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 20265335 4297096 23840437 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. 572061 40081 555600 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. 20837396 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 166 0 1 784 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X PATTI WARREN 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 JOHN COBB TRUSTEE 3.00 X 0 0 0 JERRY COLONNA CHAIRMAN 3.00 X X 0 0 0 ANDREW DAVISON TRUSTEE 3.00 X 0 0 0 GABRIELLE EDISON TRUSTEE 3.00 X 0 0 0 MARGERY GOLDMAN TRUSTEE 3.00 X 0 0 0 THOMAS HAST TREASURER 3.00 X X 0 0 0 CHRISTOPHER HORMEL TRUSTEE 3.00 X 0 0 0 WILLIAM HULLEY TRUSTEE 3.00 X 0 0 0 DIANE ISRAEL TRUSTEE 3.00 X 0 0 0 CAROLYN JACOBS TRUSTEE 3.00 X 0 0 0 MARTIN JANOWITZ TRUSTEE 3.00 X 0 0 0 LYNN KATZMAN SECRETARY 3.00 X X 0 0 0 BRIAN KIMMEL STUDENT TRUSTEE 3.00 X 0 0 0 PAMELA KRASNEY TRUSTEE 3.00 X 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 40.00 X X 238740 0 16938 ROSE MARCARIO TRUSTEE 3.00 X 0 0 0 TYLER NORRIS TRUSTEE 3.00 X 0 0 0 DEB PIRANIAN FACULTY TRUSTEE 3.00 X 53754 0 8164 JIM ROSEN TRUSTEE 3.00 X 0 0 0 VIJAY SINGH TRUSTEE 3.00 X 0 0 0 VEN SAKYONG MIPHAM RINPOCHE TRUSTEE AND LINEAGE HOLDER 3.00 X 0 0 0 JAN WILLIS TRUSTEE 3.00 X 0 0 0 TODD KILBURN VP BUSINESS AFFAIRS AND CFO 40.00 X 118882 0 17562 CHERYL BARBOUR VP STUDENT AFFAIRS AND ENROLLMENT MANAGEMENT 40.00 X 115518 0 21545 CAROL BLACKSHIRE BELAY PROVOST AND VP FOR ACADEMIC AFFAIRS 40.00 X 145508 0 7712 672402 0 71921 4 1 1 0 RC HEATH CONSTRUCTION CO PO DRAWER H/141 RACQUETTE DRIVE FORT COLLINS CO 80522 NALANDA RENOVATION 915799 JENZABAR P O BOX 55018 BOSTON MA 02205 SOFTWARE MANAGEMENT 750867 DENEUVE DESIGN INC 2344 SPRUCE ST BOULDER CO 80302 PARAMITA RENOVATION 418714 JACKSON KELLY PLLC 1099 18TH ST SUITE 2150 DENVER CO 80202 LEGAL 222439 WHERE THERE BE DRAGONS LLC 3200 CARBON PL BOULDER CO 80301 3RD PARTY STUDY ABROAD ORG 173015 12 13197 570360 1046887 150633 1630444 TUITION & FEES 611710 22963011 22963011 AUXILIARY-HOUSING 611710 593459 593459 AUXILIARY-PRESCHOOL 611710 555600 555600 OTHER PROGRAM REVENUE 611710 243722 243722 24355792 267001 267001 188441 0 188441 188441 188441 40245 13197 38268 1977 1977 OTHER REVENUE 900099 51053 51053 UBI FROM K-1S 900099 -10685 -10685 40368 26484023 24406845 -10685 457419 4337177 4337177 672403 314781 357622 11016867 9256749 1389763 370355 395545 315941 62437 17167 1160901 951729 163360 45812 921746 769610 124077 28059 209385 209385 65953 65953 94564 94564 796568 530021 256186 10361 271659 60481 209070 2108 268792 218275 11919 38598 983548 796681 156799 30068 829225 578874 238598 11753 400364 272504 112674 15186 134580 101441 29350 3789 448031 389257 52902 5872 627178 529652 87805 9721 EDUCATION MATERIAL 662225 569016 93134 75 EQUIPMENT & MAINTENANCE 524437 362842 154224 7371 MERCHANT FEES & LICENSE 374979 23635 345476 5868 HOSTING 211165 140417 60076 10672 423330 318313 71750 33267 25830622 20837396 4347124 646102 1098669 3632924 6610676 3583492 119078 343188 733537 802190 443888 389955 505671 817605 27476355 7338206 18630964 20138149 5957688 6792014 34100171 36499517 910215 1450702 848002 247391 10755000 7316991 0 5464567 1171666 521976 13684883 15001627 X 17662161 18224195 1181945 1570563 1571182 1703132 20415288 21497890 34100171 36499517 X 653401 329556 99645 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 72541 X X 0 5957688 295943 625435 59176 27876 6792014 5551693 64040 435746 93791 5957688 4830676 815154 -36536 57601 5551693 3906832 264499 712871 53526 4830676 3029444 342419 595575 60606 3906832 0.66860 0.25080 0.08060 0 0 6290241 6290241 16994130 4925545 12068585 42635 24363 18272 1764558 1276764 487794 2384791 1111534 1273257 20138149 STUDENT DEPOSITS HELD 45277 PERKINS FUND PAYABLE 476699 521976 X 22614315 329556 127228 456784 22157531 4326492 4326492 26484023 21531713 38268 38268 21493445 4337177 4337177 25830622 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, 2014 AND 2013. 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, 2014 AND 2013. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2010 THROUGH PRESENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SWAP AGREEMENTS 88,960. SPECIAL EVENT EXPENSES 38,268. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,297,096. UBI FROM K-1S -10,685. ALAYA SCHOLARSHIPS 40,081. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 38,268. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,297,096. ALAYA SCHOLARSHIPS 40,081. 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. EAST ASIA AND THE PACIFIC - 0 0 PROGRAM SERVICE ART THERAPY 31947 INDIA, ANDES & AMAZON (SOUTH AMERICA), NEPAL, CHINA 0 0 PROGRAM SERVICE STUDY ABROAD 235315 0 0 0 0 0 0 267262 0 267262 0 0 0 0 0 0 SILENT AUCTION 53442 13197 40245 275 21525 1500 14968 53442 13197 40245 275 21525 1500 14968 38268 1977 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 424 4297096 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 17 40081 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. WE DO NOT GET FULLY REIMBURSED FOR THE REGULAR COST OF CARE SO SCHOLARSHIPS ARE USED TO FUND THE DIFFERENCE FOR THESE FAMILIES. X X 0 0 0 0 0 0 0 0 0 CHARLES LIEF UNIVERSITY PRESIDENT 206250 0 0 0 32490 0 11774 0 5164 0 255678 0 0 0 CAROL BLACKSHIRE BELAY PROVOST AND VP FOR ACADEMIC AFFAIRS 145508 0 0 0 0 0 5200 0 2512 0 153220 0 0 0 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 A 7454082 149082 605312 5095000 1604188 2014 1 0 1 1 A 0 0 0 0 1 0 1 A 0 1 0 0 0 0 0 1 A 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. X 1 5000 FAIR MARKET VALUE X 4 131891 STOCK MARKET PRICE X AUCTION ITEMS 18 13197 FAIR MARKET VALUE X BIKE EQUIPMEN 3 470 FAIR MARKET VALUE X ART SUPPLIES 1 75 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 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: CHANGE IN SWAP AGREEMENTS 88,960. UBI FROM K-1S 10,685.