2012-04-25T12:55:45-05:00 2011-06-30 Capin Crouse LLP 972 Emerson Parkway Ste A Greenwood IN 46143 990 2010-07-01 841029228 Naropa University NARO 3034440202 2130 Arapahoe Ave Boulder CO 80302 Charles Lief 3034440202 2012-04-25 1 Dave Moja 3178852620 2010 2016-02-24 21:20:13Z Stuart Lord 2130 Arapahoe Ave Boulder CO 80302 26470589 0 X www.naropa.edu X 1974 CO Naropa University is North America's leading institution of contemplative education. 24 24 889 26 0 0 1087173 1037862 21219101 22934832 245532 -338737 124698 0 22676504 23633957 3974618 3979141 0 0 12392638 11500335 20504 45638 802246 6209850 7234800 22597610 22759914 78894 874043 31488994 32876943 15130263 14948518 16358731 17928425 X 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. 0 0 18387540 3938069 22478239 The University offers undergraduate, graduate, and continuing education programs, in arts, social sciences, and the humanities. It is accredited by the North Central Association of Colleges and Schools. There are 1,210 graduate and undergraduate students. We offer 11 undergraduate programs and 6 graduate programs. 437577 41072 456593 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 Naropas 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. 18825117 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 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 0 889 1 0 0 0 0 1 1 0 0 0 0 0 X 24 24 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X The Organization 3034440202 2130 Arapahoe Ave Boulder CO 80302 Martin Janowitz 3.00 X X 0 0 0 John Bennet 3.00 X X 0 0 0 Judith Lief 3.00 X 0 0 0 Lynne Katzmann 3.00 X X 0 0 0 Andrew Schelling 40.00 X 49901 0 0 John Baker 3.00 X 0 0 0 Andrew Davison 3.00 X 0 0 0 Gabrielle Edison 3.00 X 0 0 0 Margery Goldman 3.00 X 0 0 0 Jerry Colonna 3.00 X 0 0 0 Thomas Hast 3.00 X 0 0 0 Christopher Hormel 3.00 X 0 0 0 Pamela Krasney 3.00 X 0 0 0 Vijay Singh 3.00 X 0 0 0 Laura Rendon 3.00 X 0 0 0 Arbie Thalacker 3.00 X 0 0 0 Todd Woloson 3.00 X 0 0 0 Charles Lief 3.00 X X 0 0 0 Nathan Snyder 3.00 X 0 0 0 Jan Willis 3.00 X 0 0 0 Carolyn Jacobs 3.00 X 0 0 0 Sakyong Mipham Rinpoche 3.00 X 0 0 0 Jim Rosen 3.00 X 0 0 0 Brooks Witter 3.00 X 0 0 0 Stuart Lord 40.00 X 181345 0 676 Stuart Sigman 40.00 X 110765 0 0 342011 0 676 2 0 1 0 Jenzabar PO Box 845939 Boston MA 02284 System management 801251 Scriven Sammis LLC 13673 W Bates Ave Lakewood CO 80228 Consultants 299562 Jackson Kelly PLLC 1099 18th Street Denver CO 80202 Legal 288531 Holland & Hart LLP 555 17th Street Denver CO 80202 Legal 189633 Noel-Levitz Centers 2350 Oakdale Bldv Coralville IA 52241 Consultants 167170 8 401391 636471 84557 1037862 Tuition & fees 611710 21548546 21548546 Auxiliary-Housing 611710 500074 500074 Auxiliary-PreSchool 611710 456593 456593 Other program revenue 611710 429619 429619 22934832 103614 103614 2392281 2000 2364460 472172 27821 -470172 -442351 -442351 23633957 22934832 0 -338737 3979141 3979141 181346 126942 54404 9549050 8465074 727869 356107 168912 152215 10396 6301 835453 691154 91918 52381 765574 656977 71957 36640 299562 299562 490655 490655 123101 123101 45638 45638 19782 19782 766119 498782 249963 17374 395758 393654 1698 406 208539 156132 24629 27778 737958 597927 111450 28581 699987 621461 65085 13441 554282 362114 133231 58937 101354 69095 24088 8171 553548 508069 40460 5019 665503 600351 57962 7190 Miscellaneous 922435 528450 329865 64120 Equipment & maintenance 417579 314533 97931 5115 Subscriptions 120260 83394 24110 12756 Supplies 94092 89407 3731 954 Equipment rentals 64286 57187 6166 933 22759914 18825117 3132551 802246 4540241 4746034 4338081 526628 324026 875524 483691 569233 510559 450839 461075 22900566 5529217 18116672 17371349 2297232 17245 3906832 4830676 31488994 32876943 2017533 1749649 341142 457730 11390000 11190000 1381588 1551139 15130263 14948518 X 13431230 14924156 1492331 1475951 1435170 1528318 16358731 17928425 31488994 32876943 X 874043 695651 X X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3906832 264499 712871 53526 4830676 3029444 342419 595575 60606 3906832 4157674 4828 120454 1253512 3029444 0.60000 0.40000 0.00000 0 0 6061975 6061975 14336178 3533014 10803164 1109402 1008477 100925 1393011 987726 405285 17371349 Endowment Assets 4830676 4830676 Swap agreement 993888 Student deposits held 37269 Perkins funds payable 519982 1551139 23633957 22759914 874043 641229 54422 695651 1569694 20350467 641229 54422 695651 19654816 3979141 3979141 23633957 18780773 0 18780773 3979141 3979141 22759914 Description of Intended Use of Endowment Funds: Part V, Line 4: Each year, the University can use up to 5% of earnings from endowment funds for scholarships. Description of Uncertain Tax Positions Under FIN 48: Part X: The financial statement effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the statements of activities. As of June 30, 2011, the University had no uncertain tax positions that qualify for recognition or disclosure in the financial statements. Part XI, Line 8 - Other Adjustments: Change in swap agreements 54,422. Part XII, Line 2d - Other Adjustments: Change in swap agreement 54,422. Part XII, Line 4b - Other Adjustments: Scholarships & grants netted with tuition revenue per financial statements 3,979,141. Part XIII, Line 4b - Other Adjustments: Scholarships & grants netted with tuition revenue per financial statements 3,979,141. 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 It's published on our admissions application and other places on our website. Explanation of Document Retention Schedule E, Part I, Line 4 We offer student loans through government programs such as Pell, Stafford, Perkins, and Direct Loans. We also have student workers and we receive a subsidy from the government to offset a portion of their compensation. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 We offer student loans through government programs such as Pell, Stafford, Perkins, and Direct Loans. We also have student workers and we receive a subsidy from the government to offset a portion of their compensation. X X X X X X 1 Collegiate Enterprise Solutions 3 Centennial Drive Peabody MA 01960 Fundraising Consultant 0 0 44888 -44888 44888 -44888 CO 1 Scholarships, tuition discounts, student aid. 944 3924043 Alaya Pre-school financial need based assistance. 13 55098 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. Other Information: Part IV: Alaya Preschool has 10 children who receive some shcolarship support in the form of tuition reduction in addition to 5 children that received 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 we scholarship a difference for these families. 1 X X 0 0 0 0 0 0 0 0 0 Stuart Lord 181345 0 0 0 0 0 0 0 676 0 182021 0 0 0 Colorado Education and Cultural Facilities Authority 840896727 196458J87 2005-08-04 6740000 University Capital Expenditure Projects 0 0 0 200000 5727747 134800 64051 813402 1 0 1 1 0 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 X 56625 Fair market value X 4 26753 Stock market price X Equipment 2 1000 Thrift store value X Carpet 1 179 Thrift store value 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors represent the number of donors. Form 990, Part VI, Section A, line 2 Charles Lief, trustee, and Judith Lief, trustee, are both husband and wife. Form 990, Part VI, Section A, line 3 The University's former vice president for business and finance concluded her employment in the prior tax year. Accordingly, the University retained a company to provide the business and finance duties on an interim basis until a permanent replacement is hired. Form 990, Part VI, Section B, line 11 The Form 990 was prepared by an independent CPA firm and reviewed by the organization's top management. The reviewed Form 990 was then forwarded to the organization's Board of Direcotrs for review 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 gains on investments: 641,229. Change in swap agreements 54,422. Total to Form 990, Part XI, Line 5: 695,651. EXPLANATION OF RESPONSIBILITY Form 990, Part XII, Line 2c The Budget & Finance committee assumes the oversight of the audit of the financial statements and selection of an independent accountant. This process has not changed since the prior year. Explanation of large loss Form 990, Part VIII, Line 7c, Column (ii) The loss is associated with adjusting the fixed assets to actual whereby the assets that were written off were either no longer in use, the estimated useful life were less than expected, the assets did not meet the existing cap policy, or the assets were updated and the existing renovations were no longer being used. Further, most of these assets were not sold but represent an adjustment to actual. The assets were not sold to interested parties either.