2024-02-08T10:48:36-06:00 2023-06-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2022-07-01 860193726 NORTHERN ARIZONA UNIVERSITY FOUNDATION NORT 9285232012 620 S KNOLES FLAGSTAFF AZ 86011 NICHOLAS LOBEJKO CEO 9285232012 2024-02-07 1 NICHOLAS LOBEJKO 999009999 0 BRENDA ANN BLUNT CPA P00075126 4803151040 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MR NICHOLAS LOBEJKO 620 S KNOLES FLAGSTAFF AZ 86011 33492672 0 X FOUNDATIONNAU.ORG X 1959 AZ OUR MISSION IS TO PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION,(CONT'D ON SCHED O) AND FOSTER PRIVATE INVESTMENT IN IT BY CREATING AND NURTURING MEANINGFUL RELATIONSHIPS. 21 21 0 597 0 0 21262614 20692418 3803 223974 14870196 9097243 1624830 1272192 37761443 31285827 10867789 14723018 0 0 0 0 0 0 5404357 6033489 6379010 16901278 21102028 20860165 10183799 256288832 285389624 42735138 46722052 213553694 238667572 X ADVANCE THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT AND STEWARDSHIP. 0 0 14723110 14723018 223974 THE NORTHERN ARIZONA UNIVERSITY FOUNDATION ("NAUF") IS DEDICATED TO ADVANCING THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT, AND PROVIDING STEWARDSHIP. RECENTLY, THE NAUF ACHIEVED A FUNDRAISING MILESTONE TO ASSIST THE UNIVERSITY IN TRANSFORMING LIVES AND ENRICHING COMMUNITIES. DONORS PROVIDED OVER $6 MILLION TO SUPPORT NAU, BROADENING PARTICIPATION, SUPPORTING STUDENT SUCCESS, IMPROVING POST-COLLEGE OUTCOMES, AND BRINGING VITALITY TO THE ECONOMY AND COMMUNITIES OF ARIZONA. TO EMPOWER STUDENTS AND HELP THEM ACHIEVE THEIR ASPIRATIONS, THE NAUF AWARDED OVER 2,200 OR APPROXIMATELY $4 MILLION IN SCHOLARSHIPS. OVER $30 MILLION IN DONOR INVESTMENTS BENEFITED NAU'S COLLEGES AND DEPARTMENTS, REFLECTING NAU'S DISTINCTIVE EXCELLENCE OF HIGH-QUALITY ACADEMIC PROGRAMS AND EXPERIENTIAL (CONT'D ON SCH. O) LEARNING OPPORTUNITIES, EQUIPPING LUMBERJACKS WITH THE KNOWLEDGE AND SKILLS FOR A THRIVING FUTURE. 14723110 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 138 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AK CA CO HI IL ME MD MA MI MN NJ NY OR OH UT WA WI NH X X JENNIFER STEVENSON 9285238424 620 S KNOLES FLAGSTAFF AZ 86011 MR DAVE FRANKE CHAIR 4.00 X X 0 0 0 MS VICTORIA FIMEA VICE CHAIR 3.00 X X 0 0 0 VADM ROBIN BRAUN TREASURER 3.00 X X 0 0 0 MS AMY PENA SECRETARY 2.00 X X 0 0 0 MS BARBARA MCCLOUD PAST CHAIR 1.00 X X 0 0 0 MR GEORGE ADAMS DIRECTOR 2.00 X 0 0 0 MS LISA BAGWELL DIRECTOR 1.00 X 0 0 0 MR BOB BEMENT DIRECTOR 1.00 X 0 0 0 MR ROBERT BRAUDY DIRECTOR 2.00 X 0 0 0 MR DON BROOKS DIRECTOR 1.00 X 0 0 0 MR BOOKER EVANS DIRECTOR 1.00 X 0 0 0 MR DICK GERKIN DIRECTOR 1.00 X 0 0 0 MR BILL HEIBEL DIRECTOR 2.00 X 0 0 0 MR TIM KINNEY DIRECTOR 1.00 X 0 0 0 MS SANDY OWEN DIRECTOR 1.00 X 0 0 0 MR THOMAS PERKINS DIRECTOR 2.00 X 0 0 0 MR RICK RODRIQUEZ DIRECTOR 1.00 X 0 0 0 MS KATRINA ROGERS DIRECTOR 1.00 X 0 0 0 MR TONY TEWELIS DIRECTOR 1.00 X 0 0 0 MS TERESA BARTELS DIRECTOR 1.00 X 0 0 0 MR ERIC BAKER DIRECTOR 1.00 X 0 0 0 MS CHRISTY FARLEY INTERIM CEO (THRU 10/2022) 13.00 X 94032 0 18307 MR NICK LOBEJKO CEO (AS OF 11/2022) 20.00 X 34840 0 1108 MS JENNIFER STEVENSON CFO 40.00 X 0 0 0 128872 0 19415 0 0 0 1 NORTHERN ARIZONA UNIVERSITY 620 S KNOLES FLAGSTAFF AZ 86011 MANAGEMENT SERVICES 362804 1 185357 20507061 718027 20692418 ALUMNI CHAPTER EVENTS 900099 205095 205095 PROJECT FEES 900099 18879 18879 223974 3556762 3556762 1215074 1215074 7689010 2148529 5540481 5540481 5540481 75825 185357 58316 17509 17509 1075 0 1075 1075 REIMBURSEMENTS 900099 31546 31546 PREMIUMS 900099 6729 6729 REBATES 900099 259 259 38534 31285827 223974 0 10369435 10748541 10748541 3974477 3974477 447008 447008 22450 22450 141880 141880 147046 147046 47413 47413 1617 1617 125639 125639 8030 92 7938 25701 25701 6801 6801 PUBLIC RELATIONS 3379032 3379032 ADVANCEMENT SUPPORT 2025325 2025325 BANK CHARGES 1068 1068 21102028 14723110 974561 5404357 4564093 2405735 15103276 15718767 74129 79453 201191 274566 7854 7854 0 0 220940231 251267156 763214 711278 14642698 14932669 256288832 285389624 170111 607169 796498 830795 39225363 42861776 2543166 2422312 42735138 46722052 X 13737525 13982524 199816169 224685048 213553694 238667572 256288832 285389624 X 10183799 15087399 -157320 X 0 1 X 1 0 X 12774099 19059475 15415607 21262614 20692418 89204213 12774099 19059475 15415607 21262614 20692418 89204213 15315090 73889123 5038650 5605530 5316870 4820579 4771836 25553465 6837 18584 25421 18782 12690 2847 44753 6729 85801 114868900 1439916 0.64320 0.67290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: PREMIUMS - 2018 AMOUNT: $ 18,782. 2019 AMOUNT: $ 12,690. 2020 AMOUNT: $ 2,847. 2021 AMOUNT: $ 6,552. 2022 AMOUNT: $ 6,729. COMMISSIONS - 2021 AMOUNT: $ 38,201. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250 X 0 0 1 X 154220034 7033119 22737061 4697915 2678403 176613896 191169979 8172929 -35175771 4867037 5080066 154220034 127323879 10146336 47724822 4068304 2486206 178640527 125025412 7779164 1962165 5263549 2179313 127323879 123053454 5487541 1745342 3531195 1729730 125025412 0.08480 0.87930 0.03590 0 0 7854 7854 0 0 CAMPUS ART COLLECTION 250 GOLF MEMBERSHIP 45000 BENEFICIAL INTERESTS IN TRUSTS 3426362 ASSETS HELD UNDER SPLIT-INTEREST AGREEMENTS 3617972 CASH SURRENDER VALUE LIFE INSURANCE 7843085 14932669 SPLIT INTEREST AGREEMENTS 2411677 DUE TO NAU 10635 2422312 X 46647010 15087398 29762 391069 15508229 31138781 147046 147046 31285827 21533132 29762 548388 578150 20954982 147046 147046 21102028 PART III, LINE 4: THE ART EXHIBIT IS TO FURTHER ENHANCE THE EDUCATIONAL VALUE OF THE STUDENTS OF NORTHERN ARIZONA UNIVERSITY. OUR PURPOSE IS TO SUPPORT NORTHERN ARIZONA UNIVERSITY IN THEIR MISSION TO PROVIDE SUPERIOR EDUCATION TO THEIR STUDENTS. PART IV, LINE 2B: NORTHERN ARIZONA UNIVERSITY FOUNDATION, INC. ADMINISTERS VARIOUS FUNDS FOR NORTHERN ARIZONA UNIVERSITY AND NAU PARENT'S ASSOCIATION. NORTHERN ARIZONA UNIVERSITY AND NAU PARENT'S ASSOCIATION MAINTAIN OWNERSHIP OF THEIR RESPECTIVE FUNDS. ASSETS HELD ON BEHALF OF NORTHERN ARIZONA UNIVERSITY WERE $42,558,531. ASSETS HELD ON BEHALF OF NAU PARENT'S ASSOCIATION WERE $303,245. PART V, LINE 4: ENDOWMENT FUNDS ARE INTENDED TO PROVIDE LONG-TERM SUPPORT FOR NORTHERN ARIZONA UNIVERSITY. PART X, LINE 2: NAU FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN BY THE COMBINED ENTITY, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIFE INSURANCE 121,477. SPECIAL EVENT EXPENSES 58,316. STUDENT FINANCIAL AID RETURN 53,243. CHANGE IN VALUE OF BENEFICIAL INTEREST 108,877. CHANGE IN VALUE OF SPLIT INTEREST 49,156. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 58,316. BAD DEBT EXPENSE 490,072. GOLF TOURNAMENT 104854 76054 28800 14400 1954 8937 CASINO NIGHT 58725 38853 19872 10198 3755 2 97603 70450 27153 432 602 5315 6356 700 5667 261182 185357 75825 432 602 29913 12065 700 14604 58316 17509 1 NORTHERN ARIZONA UNIVERSITY 600 S KNOLES DR FLAGSTAFF AZ 86011 742579628 NO. AZ UNIVERSITY 10748541 0 EDUCATION SUPPORT 1 0 SCHOLARSHIPS 1799 3974477 PART I, LINE 2: THE FOUNDATION AND THE UNIVERSITY HAVE WRITTEN POLICIES FOR THE DISTRIBUTION OF PROGRAM AND SCHOLARSHIP FUNDS. THE FOUNDATION EMPLOYS A PROFESSIONAL STAFF THAT REVIEWS AND APPROVES ALL EXPENDITURES. THE UNIVERSITY DEPARTMENTS RECEIVING GRANTS, INCLUDING THE FINANCIAL AID DEPARTMENT WHO RECEIVES THE SCHOLARSHIPS ON BEHALF OF THE STUDENTS, AND THE FOUNDATION HAVE JOINT RESPONSIBILITY FOR MONITORING THE USE OF GRANT FUNDS ONCE THE FUNDS HAVE BEEN TRANSFERRED TO THE DEPARTMENTS. 0 0 0 0 0 0 0 0 0 MS CHRISTY FARLEY INTERIM CEO (THRU 10/2022) 94032 0 0 0 0 0 11796 0 6513 0 112341 0 0 0 MR NICK LOBEJKO CEO (AS OF 11/2022) 34840 0 0 0 0 0 350 0 759 0 35949 0 0 0 FORM 990, PART VII CHRISTY FARLEY, TOP MANAGEMENT OFFICIAL, WAS PAID BY NORTHERN ARIZONA UNIVERSITY, AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO NAU FOUNDATION. CHRISTY FARLEY'S COMPENSATION WAS NOT REIMBURSED TO NAU. THE TOTAL CALENDAR YEAR COMPENSATION PAID BY NAU FOR CHRISTY FARLEY, CEO THROUGH 10/2022, WAS $340,427. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $284,944, DEFERRED COMPENSATION OF $35,745, AND NONTAXABLE BENEFITS OF $19,738. AS REPORTED ON PART VII OF THE 990, ON AVERAGE, ONLY ABOUT 13 HOURS A WEEK WERE DEDICATED TO THE FOUNDATION. THE REST OF CHRISTY'S TIME WAS DEDICATED TO NAU. NICK LOBEJKO, TOP MANAGEMENT OFFICIAL BEGINNING IN NOVEMBER OF 2022, WAS COMPENSATED BY NORTHERN ARIZONA UNIVERSITY, AN UNRELATED ORGANIZATION FOR SERVICES PROVIDED TO NAU FOUNDATION. NICK LOBEJKO'S COMPENSATION WAS NOT REIMBURSED BY NAUF. THE TOTAL CALENDAR YEAR COMPENSATION PAID BY NAU FOR NICK LOBEJKO, CEO BEGINNING 11/2022, WAS $71,899. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $69,681, DEFERRED COMPENSATION OF $699, AND NONTAXABLE BENEFITS OF $1,519. AS REPORTED ON PART VII OF THE 990, ON AVERAGE, ONLY ABOUT 20 HOURS A WEEK WERE DEDICATED TO THE FOUNDATION. THE REST OF NICK'S TIME WAS DEDICATED TO NAU. X 34 710239 STOCK QUOTE X DINING EVENT 3 7788 FMV 0 0 1 0 PART I, COLUMN (B): FOR THE SECURITITES DONATION, THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF SHARES CONTRIBUTED. FOR THE DINING EVENT DONATION, THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH NORTHERN ARIZONA UNIVERSITY (NAU) FOR MANAGEMENT SERVICES PROVIDED BY ITS EMPLOYEES. THE FOUNDATION REIMBURSES NAU FOR SALARIES AND BENEFITS FOR SERVICES PROVIDED UNDER THE AGREEMENT, WHICH ARE INCLUDED ON FORM 990, PART IX, LINE 11A. JENNIFER STEVENSON, THE TOP FINANCIAL OFFICIAL, WAS COMPENSATED UNDER THIS AGREEMENT AND RECEIVED 2022 CALENDAR YEAR COMPENSATION TOTALING TO $134,958. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $120,997, DEFERRED COMPENSATION OF $6,942, AND NONTAXABLE BENEFITS OF $7,019. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS GIVEN TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY GOVERNS CERTAIN CONFLICT OF INTEREST TRANSACTIONS BETWEEN THE CORPORATION AND DIRECTORS (AND THEIR RELATIVES), OFFICERS AND THEIR AFFILIATES. THE POLICY IS REDISTRIBUTED ANNUALLY, ALONG WITH A VENDOR LIST, FOR CONFIRMATION OF ANY POSSIBLE CONFLICTS OF INTEREST THAT MAY HAVE BECOME A RISK. IF THERE IS ANY RISK, IT IS ADDRESSED AT THAT TIME. ON AN ONGOING BASIS, IF ANY CONFLICT OF INTEREST IS RECOGNIZED, IT IS INVESTIGATED AND DEALT WITH ACCORDINGLY THROUGH ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 ALL OF THE FOUNDATION'S EMPLOYEES ARE COMPENSATED BY NORTHERN ARIZONA UNIVERSITY, AN UNRELATED ORGANIZATION, FOR MANAGEMENT SERVICES PROVIDED TO THE FOUNDATION. THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THESE SERVICES. THESE SALARIES AND BENEFITS ARE INCLUDED ON FORM 990, PART IX, LINE 11A. FORM 990, PART VI, SECTION C, LINE 19 THE ARTICLES OF INCORPORATION, BY-LAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND BY REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENTS 49,155. CHANGE IN VALUE OF PERPETUAL TRUSTS 108,877. CHANGE IN VALUE OF LIFE INSURANCE 121,477. BAD DEBT EXPENSE -490,072. STUDENT FINANCIAL AID RETURN 53,243. 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