2015-11-12T13:22:38-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 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 2015-11-09 1 KAREN GRIES P00078514 6123764500 2014 2016-04-25 22:37:26Z STEVE MILLER 1120 N TOWN CENTER DRIVE NO 160 LAS VEGAS NV 89144 136433318 0 X WWW.AGASSIFOUNDATION.ORG X 1993 OH THE ORGANIZATION IS DEDICATED TO TRANSFORMING U.S. PUBLIC EDUCATION FOR UNDERSERVED YOUTH. 7 5 1 5 -7473 -8596 1997383 975010 0 0 3925880 10513836 15859 11000 5939122 11499846 3063300 3195709 0 0 424771 410777 0 0 950 4124495 4011467 7612566 7617953 -1673444 3881893 135251333 134047805 23568387 24312458 111682946 109735347 X 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. THE FOUNDATION PRIMARILY FUNDS THE ANDRE AGASSI COLLEGE PREPARATORY ACADEMY AND THE ANDRE AGASSI BOYS AND GIRLS CLUB. 0 0 6377834 3195709 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. 6377834 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 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 12 0 1 1 1 1 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 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 PRESIDENT 20.00 5.00 X X 0 0 0 STEVE MILLER CHIEF EXECUTIVE OFFICER 5.00 35.00 X X 6037 178963 24854 MARYKAYE CASHMAN TRUSTEE 1.00 X 0 0 0 CHRISTOPHER HANDY TRUSTEE 1.00 X 0 0 0 LINDY SCHUMACHER TRUSTEE 1.00 X 0 0 0 KURT STACHE TRUSTEE 1.00 X 0 0 0 JOHN WHITE TRUSTEE 1.00 X 0 0 0 SHAWN CABLE CHIEF FINANCIAL OFFICER 15.00 25.00 X 66638 83363 25667 JULIE PIPPENGER CHIEF OPERATING OFFICER 40.00 X 155052 0 15640 227727 262326 66161 1 0 1 0 MERRILL LYNCH WEALTH MANAGEMENT 2049 CENTURY PARK EAST 12TH FLOOR LOS ANGELES CA 90067 INVESTMENT ADVISORY 291872 1 975010 975010 2947313 -7473 2954786 132499995 124933472 7566523 7566523 7566523 MISCELLANEOUS 900099 11000 11000 11000 11499846 0 -7473 10532309 3195709 3195709 256602 17112 239490 116241 116241 12000 2044 9956 25934 1260 24674 1969 1969 58662 58662 555326 555326 42000 42000 38331 38331 10046 10046 2253 2253 77051 22571 54480 12256 12256 1273976 1273976 1709163 1709163 54792 54792 LETTER OF CREDIT FEES 155999 155999 TAXES AND LICENSES 18359 18359 MISCELLANEOUS 950 950 DUES AND SUBSCRIPTIONS 334 334 7617953 6377834 1239169 950 865868 1373882 10707873 11397397 772455 772455 76277 76108 0 8611 42041802 11792979 30940835 30248823 56982764 63380398 33920138 26348913 985123 441218 135251333 134047805 162823 158125 1485000 1570000 16725000 15905000 35784 18596 5159780 6660737 23568387 24312458 X 109811023 107911752 1726659 1678331 145264 145264 111682946 109735347 135251333 134047805 X 3881893 -4317035 -1512457 X 0 1 X 1 0 X 7536463 16229041 11508157 1997383 975010 38246054 7536463 16229041 11508157 1997383 975010 38246054 3378229 34867825 2016590 1359688 2044261 1987399 2954786 10362724 42510 30051 72561 3810580 1416200 58214 15859 11000 5311853 53993192 0.64580 0.67230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT INCOME - 2010 AMOUNT: $ 3,810,580. 2011 AMOUNT: $ 1,415,240. MISCELLANEOUS - 2011 AMOUNT: $ 960. 2012 AMOUNT: $ 58,214. 2013 AMOUNT: $ 15,859. 2014 AMOUNT: $ 11,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212358 237 212595 216293 106 4041 212358 219323 2100 -5130 216293 219302 21 219323 219244 58 219302 0.00000 0.00000 1.00000 0 0 37594848 10330633 27264215 3524603 542583 2982020 922351 919763 2588 30248823 HEDGE FUNDS 21037800 F REAL ESTATE FUND OF FUNDS 3674031 F PRIVATE EQUITY 469425 F PRIVATE EQUITY 100000 C OTHER INVESTMENTS 1067657 F 26348913 INTEREST RATE SWAP LIABILITY 6528208 ANNUITY LIABILITY 132529 6660737 X 5115028 -4317035 -1512457 -5829492 10944520 555326 555326 11499846 7062627 0 7062627 555326 555326 7617953 PART V, LINE 4: THE ENDOWMENT WAS SETUP BY SLETTON CONSTRUCTION TO FUND COLLEGE SCHOLARSHIPS FOR HIGH SCHOOL GRADUATES OF THE ANDRE AGASSI COLLEGE PREP ACADEMY. IN 2009, THE FIRST GRADUATING CLASS GRADUATED FROM AACPA. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-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: LOSS ON INTEREST RATE SWAP -1,512,457. CENTRAL AMERICA AND THE CARIBBEA 0 0 INVESTMENTS 9500985 EUROPE 0 0 INVESTMENTS 2888587 0 0 0 0 0 0 12389572 0 12389572 1 0 1 1 0 0 PART I, LINE 3: ACCRUAL METHOD 1 ANDRE AGASSI COLLEGE PREPARATORY ACADEMY 1201 LAKE MEAD BLVD LAS VEGAS NV 89106 880499565 501(C)(3) 3039424 0 N/A N/A TO FUND THE DIFFERENCE BETWEEN THE STATE FUNDING AND THE COST OF A QUALITY EDUCATION. ATHLETES FOR HOPE 3 BETHESDA METRO STE 450 BETHESDA MD 20814 204773044 501(C)(3) 125000 0 N/A N/A TO SUPPORT GENERAL PROGRAM EXPENSES. 2 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 STEVE MILLER CHIEF EXECUTIVE OFFICER 6037 178963 0 0 0 0 0 0 862 23992 6899 202955 0 0 SHAWN CABLE CHIEF FINANCIAL OFFICER 66638 83363 0 0 0 0 0 0 12373 13294 79011 96657 0 0 JULIE PIPPENGER CHIEF OPERATING OFFICER 155052 0 0 0 0 0 0 0 15640 0 170692 0 0 0 A CITY OF LAS VEGAS NEVADA 886000198 51770PAC9 2005-10-21 35705000 FUND BUILDING OF AACPA CAMPUS 0 1 0 A 19800000 35705000 12887375 508654 33406 22275565 2007 0 0 1 1 A 0 0 0 0 0 0 0 A 1 1 1 BANK OF NEW YORK AND BANK OF AMERICA 15.000000000000 0 0 0 0 0 A 0 AGASSI ENTERPRISES INC ENTITY 100% OWNED BY ANDRE AGASSI-OFFICER/TRUSTEE GENERAL AND ADMINISTRATIVE COSTS X 18596 18596 0 1 1 18596 AGASSI ENTERPRISES INC ENTITY 100% OWNED BY ANDRE AGASSI-OFFICER/TRUSTEE; S. MILLER EMPLOYEE-TRUST 249371 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 B, LINE 11 THE FORM 990 WILL BE 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 CEO STEVE MILLER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP -1,512,457. CHARTER SCHOOL DEVELOPMENT FOUNDATION 1120 N TOWN CENTER DRIVE 160 LAS VEGAS NV 89144 860955045 EDUCATION NV 501(C)(3) LINE 9 ANDRE AGASSI FOUNDATION FOR EDUCATION 1 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