2013-02-26T16:24:40-06:00 2012-06-30 840869721 EHRHARDT KEEFE STEINER & HOTTMAN PC 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372843 990 2011-07-01 841029228 NAROPA UNIVERSITY NARO 3034440202 2130 ARAPAHOE AVE BOULDER CO 80302 CHARLES LIEF 3037409400 2013-02-12 1 CRAIG CHOUN P00173718 3037409400 2011 2016-03-07 17:11:31Z CHARLES LIEF 2130 ARAPAHOE AVE BOULDER CO 80302 24835295 0 X WWW.NAROPA.EDU X 1974 CO NAROPA UNIVERSITY IS NORTH AMERICA'S LEADING INSTITUTION OF CONTEMPLATIVE EDUCATION. 20 18 765 19 5263 0 1037862 1060073 22934832 23520806 -338737 168254 0 5263 23633957 24754396 3979141 4098612 0 0 11500335 12105336 45638 0 629531 7234800 7253079 22759914 23457027 874043 1297369 32876943 32943269 14948518 13801618 17928425 19141651 X SEE SCHEDULE O. 0 0 18139335 4058932 23004019 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 1,100 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. 542620 39680 516787 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. 18681955 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 0 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 0 1 166 0 1 765 1 1 1 0 0 0 0 0 0 0 0 0 X 20 18 1 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 CHARLES LIEF 3.00 X X 0 0 0 JUDITH LIEF 3.00 X X 0 0 0 JOHN BENNETT 3.00 X X 0 0 0 LYNNE KATZMANN 3.00 X X 0 0 0 JUDITH SIMMER-BROWN 40.00 X 64555 0 7175 NATHAN SNYDER 3.00 X 0 0 0 SAKYONG MIPHAM RINPOCHE 3.00 X 0 0 0 JIM ROSEN 3.00 X 0 0 0 PAMELA KRASNEY 3.00 X 0 0 0 VIJAY SINGH 3.00 X 0 0 0 JAN WILLIS 3.00 X 0 0 0 THOMAS HAST 3.00 X 0 0 0 JERRY COLONNA 3.00 X 0 0 0 CHRISTOPHER HORMEL 3.00 X 0 0 0 ANDREW DAVISON 3.00 X 0 0 0 CAROLYN JACOBS 3.00 X 0 0 0 GABRIELLE EDISON 3.00 X 0 0 0 MARGERY GOLDMAN 3.00 X 0 0 0 MARTIN JANOWITZ 3.00 X 0 0 0 JOHN WHITEHOUSE COBB 40.00 X X 39637 0 1857 STUART LORD 40.00 X X 181409 0 58115 TODD KILBURN 40.00 X 74495 0 7984 CAROL BLACKSHIRE-BELAY 40.00 X 63864 0 5332 STUART SIGMAN 40.00 X 87262 0 6225 CHERYL BARBOUR 40.00 X 110029 0 6629 JILL GRAMMER 40.00 X 134174 0 14616 755425 0 107933 3 0 1 0 JENZABAR 101 HUNTINGTON AVENUE SUITE 2200 BOSTON MA 02199 SOFTWARE MANAGEMENT 788892 DENEUVE DESIGN 2344 SPRUCE ST SUITE B BOULDER CO 80302 CONSTRUCTION 326378 JACKSON KELLY PLLC 1099 18TH ST SUITE 2150 DENVER CO 80202 LEGAL 262225 NOEL LEVITZ 6300 S SYRACUSE WAY SUITE 645 CENTENNIAL CO 80111 STUDENT ENROLLMENT & RETENTION 219530 CENTER MANAGEMENT GROUP 2741 IRIS AVE SUITE C BOULDER CO 80304 GENERAL CONTRACTOR 131080 7 587345 472728 27324 1060073 TUITION & FEES 611710 22310398 22310398 AUXILIARY-PRESCHOOL 611710 516787 516787 AUXILIARY-HOUSING 611710 482599 482599 OTHER PROGRAM REVENUE 611710 211022 211022 23520806 223173 223173 25705 275 80899 0 -55194 275 -54919 -54919 UBI FROM K-1S 900099 5263 5263 5263 24754396 23520806 5263 168254 4098612 4098612 519298 239481 279817 9515715 8071984 1091902 351829 275958 219924 43506 12528 1004946 831315 134566 39065 789419 662541 100344 26534 100000 100000 358667 117386 239941 1340 114344 94 114250 52810 21811 30743 256 923442 528412 364140 30890 372498 72212 298640 1646 294559 239529 24893 30137 934908 752104 145553 37251 535842 355287 173653 6902 293830 220500 66332 6998 97967 72790 22764 2413 530557 265384 263005 2168 594178 519720 69088 5370 202698 83714 118001 983 EQUIPMENT & MAINTENANCE 606618 427721 175373 3524 EDUCATION MATERIAL 509204 504499 4147 558 HOSTING 175021 108383 43057 23581 MERCHANT FEES & LICENSE 115760 48454 64739 2567 440176 220098 177087 42991 23457027 18681955 4145541 629531 4540241 859669 4338081 7229161 324026 126648 483691 532485 510559 488642 461075 390593 23872512 6108134 17371349 17764378 17245 0 4830676 5551693 32876943 32943269 1749649 997077 457730 338088 11190000 10975000 1551139 1491453 14948518 13801618 X 14924156 16508502 1475951 1101007 1528318 1532142 17928425 19141651 32876943 32943269 X 1297369 -84143 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 67541 X X 0 4830676 815154 -36536 57601 5551693 3906832 264499 712871 53526 4830676 3029444 342419 595575 60606 3906832 4157674 4828 120454 1253512 3029444 0.66770 0.27600 0.05630 0 0 6061975 6061975 14697090 4078075 10619015 42635 6091 36544 1403270 1038947 364323 1667542 985021 682521 17764378 ENDOWMENT ASSETS 5551693 5551693 SWAP AGREEMENT 969080 STUDENT DEPOSITS HELD 29016 PERKINS FUND PAYABLE 493357 1491453 24754396 23457027 1297369 -104253 565 19545 -84143 1213226 20571641 -104253 565 24808 -78880 20650521 4103875 4103875 24754396 19358415 0 19358415 4098612 4098612 23457027 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011. 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, 2012 AND 2011. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2008 THROUGH PRESENT. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN SWAP AGREEMENTS 24,808. UBI FROM K-1S -5,263. TOTAL TO SCHEDULE D, PART XI, LINE 8: 19,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN SWAP AGREEMENTS 24,808. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,058,932. UBI FROM K-1S 5,263. ALAYA SCHOLARSHIPS 39,680. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & GRANTS NETTED WITH TUITION REVENUE PER FS 4,058,932. ALAYA SCHOLARSHIPS 39,680. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE STATEMENT IS POSTED ON THE UNIVERSITY'S PUBLIC WEBSITE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 19700 0 0 0 0 0 0 19700 0 19700 0 0 0 0 0 0 1 SCHOLARSHIPS, TUITION DISCOUNTS, STUDENT AID 853 4058932 ALAYA PRESCHOOL FINANCIAL NEED BASED ASSISTANCE 18 39680 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 1 1 X X 0 0 0 0 0 0 0 0 0 STUART LORD 175000 0 0 0 6409 0 0 0 58115 0 239524 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED A RESIDENCE FOR STUART LORD. COLORADO EDUCATION & CULTURAL FACILITIES AUTHORITY 840896727 196458J87 2005-08-04 6740000 UNIVERSITY CAPITAL EXPENDITURE PROJECTS 0 0 0 6740000 5727747 134800 64051 813402 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 1 WELLS FARGO BANK NA 10.000000000000 0 0 0 0 0 PART IV, LINE 1 THE ARBITRAGE REBATE CALCULATION WAS COMPLETED ON JANUARY 20, 2011 AND NO ARBITRAGE REBATE WAS DUE. X 2 27324 STOCK MARKET PRICE 0 0 1 0 ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1 NAROPA RECOGNIZES THE INHERENT GOODNESS AND WISDOM OF EACH HUMAN BEING. IT EDUCATES THE WHOLE PERSON, CULTIVATING ACADEMIC EXCELLENCE AND CONTEMPLATIVE INSIGHT IN ORDER TO INFUSE KNOWLEDGE WITH WISDOM, THE UNIVERSITY NURTURES IN ITS STUDENTS A LIFELONG JOY IN LEARNING, A CRITICAL INTELLECT, THE SENSE OF PURPOSE THAT ACCOMPANIES COMPASSIONATE SERVICE TO THE WORLD AND THE OPENNESS AND EQUANIMITY THAT ARISE FROM AUTHENTIC INSIGHT AND SELF-UNDERSTANDING, ULTIMATELY, NAROPA STUDENTS EXPLORE THE INNER RESOURCES NEEDED TO ENGAGE COURAGEOUSLY WITH A COMPLEX AND CHALLENGING WORLD, TO HELP TRANSFORM THAT WORLD THROUGH SKILL AND COMPASSION AND TO ATTAIN DEEPER LEVELS OF HAPPINESS AND MEANING IN THEIR LIVES. DRAWING ON THE VITAL INSIGHTS OF THE WORLD'S WISDOM TRADITIONS, THE UNIVERSITY IS SIMULTANEOUSLY BUDDHIST-INSPIRED. FORM 990, PART VI, SECTION A, LINE 2 CHARLES LIEF, CHAIRMAN, AND JUDITH LIEF, VICE CHAIR, ARE BOTH HUSBAND AND WIFE. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -104,253. DONATED SERVICES AND USE OF FACILITIES: 565. CHANGE IN SWAP AGREEMENTS 24,808. UBI FROM K-1S -5,263. TOTAL TO FORM 990, PART XI, LINE 5: -84,143.