2025-05-15T09:48:54-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 942781749 University of Nevada Reno Foundation UNIV 7757841587 1664 N Virginia Mail Stop 0162 Reno NV 895570162 Denise Lewis Treasurer 7757841587 2025-05-14 1 1 Deb Nelson CPA P01264758 6122536500 2025-05-13 2022 2025-03-06 01:10:19Z X Denise Lewis 1664 N Virginia Mail Stop 0162 Reno NV 895570162 273523074 0 X www.unr.edu/giving/foundation X 1981 NV To aid, support, & assist the University of Nevada, Reno to enhance the quality of education. 39 39 0 350 1024585 42077 41288049 130608966 1047804 726857 17218310 20473419 89904 81899 59644067 151891141 26107701 36674451 0 0 3085807 3974766 0 0 2192001 3077695 2457870 32271203 43107087 27372864 108784054 387075981 496107779 7422061 9865949 379653920 486241830 X Facilitate gifts & grants for the benefit of the University of Nevada, Reno to enhance the quality of education through charitable giving. 0 0 21851684 21851684 726857 University Programs: The University of Nevada Reno Foundation receives, manages & disburses funds in accordance with the designated restricted purpose for which the gifts were donated. Provides programmatic funding supporting students, faculty, research & the community in the area funds were raised for. There were 1,180 endowed funds in 2023. Part of the increase relates to the additional facilities and program assets received from Sierra Nevada University. 7338391 7338391 Capital Projects: Assist in funding construction projects on campus. Some of the major projects include the Robert Cashell Fieldhouse, Pennington Health Sciences Building, Eric & Linda Lannes Basketball facility and the School of Public Health Building Renovations. 7207456 7207456 University Scholarships: Scholarship funding was used for both need and merit based scholarships. More than 3,858 donor-funded scholarships were awarded in 2023. 276920 276920 Alumni Programs: Funding was provided to Alumni Association and various alumni chapters to strengthen ties to the University community. 276920 276920 36674451 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 10 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 0 0 0 X 39 39 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 AK CA CO DC ME MD MA MI MN NH NJ NY OH SC UT WA X Crystal Sublet 7757841587 1664 N Virginia Mail Stop 0162 Reno NV 895570162 Brian Sandoval President, UNR 2.00 40.00 X 0 470625 140234 William Johnson Executive Director (Until 5/2023) 40.00 2.00 X 0 332911 61891 Beth Padovan Interim Treasurer 30.00 10.00 X 0 128266 55352 Holly Stanco Corporate Secretary (From 9/2022) 30.00 20.00 X 0 123263 22244 Patricia Richard From 52023 Interim Executive Director 40.00 2.00 X 0 0 0 Jeff Rodefer Chair 5.00 0.00 X X 0 0 0 Ann Morgan Chair Elect/Vice Chair Governance 5.00 0.00 X X 0 0 0 Mitch Hitchcock Immediate Past Chair (Until 12/2022) 5.00 0.00 X X 0 0 0 Janet Mello Vice Chair Special Events & Public Affairs 5.00 0.00 X X 0 0 0 Mark Denzler Vice Chair Investment 5.00 0.00 X X 0 0 0 Stephanie Kruse Vice Chair Nominating 5.00 0.00 X X 0 0 0 Felicia O'Carroll Vice Chair Audit (Until 6/2022) 5.00 0.00 X X 0 0 0 Frank Gallagher Vice Chair Gifts 5.00 0.00 X X 0 0 0 James Pagliarini Vice Chair Development 5.00 0.00 X X 0 0 0 Amie Chapman Vice Chair Nominating 5.00 0.00 X X 0 0 0 John Desmond Vice Chair Governance 5.00 0.00 X X 0 0 0 Pat Miltenberger Edgington Member-at-Large 5.00 0.00 X X 0 0 0 Sara Lafrance Member-at-Large 5.00 0.00 X X 0 0 0 Andy Wallace Trustee (Until 12/2022) 2.00 0.00 X 0 0 0 Chad Osorno Trustee (Until 12/2022) 2.00 0.00 X 0 0 0 Charles Jeannes Trustee (Until 12/2022) 2.00 0.00 X 0 0 0 Dina Hunsberger Trustee (Until 12/2022) 2.00 0.00 X 0 0 0 Adam Kramer Trustee (Until 12/2022) 2.00 0.00 X 0 0 0 Opal Adams Trustee 2.00 0.00 X 0 0 0 Carolyn Barbash Trustee 2.00 0.00 X 0 0 0 Deena Behnke Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Don Bernard II Trustee 2.00 0.00 X 0 0 0 Stuart Brady Trustee 2.00 0.00 X 0 0 0 Dean Byrne Trustee 2.00 0.00 X 0 0 0 Peter Costa Trustee 2.00 0.00 X 0 0 0 Tammy Dermody Trustee 2.00 0.00 X 0 0 0 Sarah Ferguson Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Laura Granier Trustee 2.00 0.00 X 0 0 0 Cheryl Hawkins Trustee 2.00 0.00 X 0 0 0 Paul Lipparelli Trustee 2.00 0.00 X 0 0 0 Daniel Lofrese Trustee 2.00 0.00 X 0 0 0 Kevinn Pinkney Trustee 2.00 0.00 X 0 0 0 Benson Mathews Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Paul Mathews Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Steven Peralta Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Brigid Sullivan Pierce Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Jason Sala Trustee 2.00 0.00 X 0 0 0 Gerald Smith Trustee (Until 3/2023) 2.00 0.00 X 0 0 0 Marilyn Spiegel Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Ed Stevenson Trustee 2.00 0.00 X 0 0 0 Caryn Swobe Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Julie Teel Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Brian Wallace Trustee 2.00 0.00 X 0 0 0 Thomas Witter Trustee 2.00 0.00 X 0 0 0 Leonard Wohletz Trustee 2.00 0.00 X 0 0 0 Eugene Wong Trustee (From 1/2023) 2.00 0.00 X 0 0 0 Vick Wowo Trustee 2.00 0.00 X 0 0 0 0 1055065 279721 0 0 1 0 Maupin Cox & Legoy PO Box 30000 Reno NV 89520 Legal Services 101150 1 28950 270102 4050712 126259202 53107078 130608966 Educational Support Services 611710 726857 726857 726857 7308702 1024585 6284117 81899 81899 134318192 110769 121264244 0 13053948 110769 13164717 13164717 367689 270102 367689 0 151891141 726857 1024585 19530733 36674451 36674451 2953502 1417785 1535717 1021264 457930 563334 41109 41109 72584 72584 1627778 1627778 144902 141635 3267 2141 2141 207072 207072 25866 5458 20408 30946 14573 16373 711 711 20500 20500 Equipment & Maintenance 277083 231259 45824 Recruitment 4965 1083 3882 Appreciation & Gifts 2213 1158 1055 43107087 36674451 4240635 2192001 240356 474856 48895218 53864597 8158597 10112204 6571169 2029209 3933 0 46229605 2113187 42847 44116418 210395580 223982484 103211770 151216313 3257428 3219447 6299083 7092251 387075981 496107779 632225 146343 6452216 8804458 337620 915148 7422061 9865949 X 16649712 65051984 363004208 421189846 379653920 486241830 387075981 496107779 X 108784054 -1979994 -216150 X 0 1 X 1 0 X 22580291 27187347 49119229 41288049 130608966 270783882 22580291 27187347 49119229 41288049 130608966 270783882 23599285 247184597 6410538 3041969 13083283 5135098 6366016 34036904 4823 6782 1024585 1036190 305856976 15941017 0.80820 0.69940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 297246987 10678304 59300340 -2334150 11268680 2526380 355764721 299483677 17581897 -7795207 -1558397 10222420 3359357 297246987 230531484 5180141 80263512 2384066 9392887 4714507 299483677 232738408 3656012 5306428 8549550 2619814 230531484 215751700 12001552 15533767 7904714 2643896 232738409 0.25014 0.74333 0.00653 1 0 9790450 9790450 36409200 2083469 34325731 29955 29718 237 44116418 Commingled funds valued at NAV 151216313 F 151216313 Due To University of Nevada 915148 915148 X 148701855 -1979994 147928 -1832066 150533921 1627778 -270558 1357220 151891141 41883743 681354 681354 41202389 1627778 276920 1904698 43107087 Part V, Line 4: The intended use of endowment funds are to facilitate gifts and grants for the benefit of the University of Nevada, Reno to enhance the quality of education through charitable giving. The endowment includes funds held at the Parasol Tahoe Community Foundation, an unrelated organization. Part X, Line 2: Management believes that the Foundation has appropriate support for tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation recognizes state and federal excise taxes and interest and/or penalties, if incurred, related to unrecognized tax liabilities or benefits in income tax expense. Part XI, Line 2d - Other Adjustments: University of Nevada Alumni Association Revenue 147,928. Part XI, Line 4b - Other Adjustments: Fundraising Expenses -367,689. University of Nevada Alumni Association Transfers to UNRF 97,131. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 367,689. University of Nevada Alumni Association Expenses 313,665. Part XII, Line 4b - Other Adjustments: UNRF Transfers to University of Nevada Alumni Association 276,920. Central America and the Caribbean 0 0 Investments 56803000 0 0 0 0 0 0 56803000 0 56803000 1 0 1 1 1 0 Part III Accounting Method: Schedule F, Part IV: The Foundation reviews its direct and indirect investments during the tax period for determining required foreign filings. The Foundation makes direct and indirect transfers to foreign corporations and foreign partnerships. The Foundation would file Form 926 or Form 8865 if the transfers met the requirements for filing. The Foundation's transfers to foreign corporations did require filing Form 926. The Foundation's transfers to foreign partnerships did require filing Form 8865. The Foundation has ownership interests in foreign corporations and foreign partnerships. The Foundation would file Form 5471 or Form 8865 if the ownership met the requirements for filing. The Foundation's ownership in foreign corporations did not require filing Form 5471. The Foundation's ownership in foreign partnerships did not require filing Form 8865. The Foundation invests in partnerships that hold direct or indirect interests in passive foreign investment companies (PFICs). The Foundation would file Form 8621s for underlying investments that generate unrelated business income. The Foundation would not file Form 8621s where the investment partnerships have properly filed Form 8621s, or where the underlying investments did not generate any unrelated business income. The Foundation did not require filing Form 8621. Blue Tie Ball 229135 45544 183591 0 0 4199 161555 16500 1337 Governor's Dinner 203980 100687 103293 0 0 11915 61354 26890 3134 9 191799 121368 70431 0 9842 1970 46238 7325 5056 624914 267599 357315 9842 18084 269147 50715 9527 357315 0 1 University of Nevada Reno 1664 N Virginia Mail Stop 0162 Reno NV 89557 886000024 State of Nevada 21851684 0 University Programs University of Nevada Reno 1664 N Virginia Mail Stop 0162 Reno NV 89557 886000024 State of Nevada 7338391 0 Capital Projects University of Nevada Reno 1664 N Virginia Mail Stop 0162 Reno NV 89557 886000024 State of Nevada 7207456 0 University Scholarships University of Nevada Alumni Association 1664 N Virginia Mail Stop 0164 Reno NV 89557 880103531 501(c)(3) 276920 0 Alumni Support 2 0 Part I, Line 2: The University of Nevada, Reno maintains records to substantiate the amount of grants or assistance, the grantees' eligibility, and the selection criteria used to award the grants or assistance. The University of Nevada, Reno Foundation transfers the funds to the University of Nevada, Reno to supplement and support student scholarships, construction and/or operations. Expenditures are in compliance with IRS regulations, State of NV laws and NV System of Higher Education rules & regulations. 0 0 0 0 0 0 0 0 0 Brian Sandoval President, UNR 0 470625 0 0 0 0 0 130988 0 9246 0 610859 0 0 William Johnson Executive Director (Until 5/2023) 0 311545 0 0 0 21366 0 47275 0 14616 0 394802 0 0 Beth Padovan Interim Treasurer 0 127726 0 0 0 540 0 40813 0 14539 0 183618 0 0 Part I, Line 3 The Foundation does not establish the compensation of the Executive Director. Compensation is determined by University of Nevada, Reno, a related organization, and the Foundation relied on a related organization to establish compensation. X 98 6857078 Fair Market Value X 1 46250000 Fair Market Value 1 0 1 1 Part I, Column (b): Colmun (b) represents the number of contributions. Part I, Line 32b: The Foundation may retain a local attorney to list and facilitate any sales of contributed water and mineral rights. Form 990 Item B The 2022 return was originally filed using consolidated financials that included the financials for the University of Nevada Alumni Association (Alumni), a separate 501(c)(3) organization. The taxpayer is amending the return to remove the activity related to Alumni. Part I, Lines 8-22: Changed to reflect changes in other sections of the return. Part III, Line 4a (Revenue): Changed to remove Alumni program revenue. Part III, Line 4d (Expenses): Changed to remove Alumni program expenses. Part III, Line 4d (Grants): Changed to remove Alumni program grants. Part III, Line 4e: Changed to remove Alumni program expenses. Part VIII, Line 1: Changed to remove $74,450 Alumni contributions and to add $97,131 Alumni related party contributions. Net increase of $22,681. Part VIII, Line 2: Changed to remove $4,766 Alumni program revenue. Part VIII, Line 5: Changed to remove $61,286 Alumni royalties. Part VIII, Line 8a and 8b: Changed to remove $7,425 Alumni fundraising event revenue and expenses. Part VIII, Line 12: Changed to reflect the other changes stated above made on Part VIII. Part IX, Line 1: Changed to remove $313,664 Alumni Expenses and to add $276,920 UNRF contributions made to Alumni. Net decrease of $36,745. Part IX, Lines 7 and 24c: Changed to increase fundraising expenses by $7,426 (previously recorded as expenses on Part VIII, Line 8b). Part IX, Line 25: Changed to reflect the changes stated above made on Part IX. Part X, Lines 2 and 16: Changed to remove $235,735 Alumni savings and temporary cash. Part X, Lines 25 and 26: Changed to remove $5,533 Alumni amounts due to the University of Nevada. Part X, Lines 27, and 32: Changed to remove $230,202 Alumni current and prior year net assets. Part X, Line 33: Changed to reflect the changes stated above for Part X lines 25 and 27. Part XI, Lines 1-3: Changed to reflect changes in other sections of the return. Part XI, Line 9: Changed to record Prior period net asset adjustment. Part XI, Line 10: Changed to reflect the changes stated above on Part XI. Schedule A, Part II, Section A, Lines 1 and 4, Columns (e) and (f): Changed to increase of contributions reported on Schedule A by $22,681. Schedule A, Part II, Section A, Line 5, Column (f): Changed because the 2% threshold calculation is now based on the updated number from Schedule A Part II, Line 11 which increased the amounts reportable by excess contributors. Schedule A, Part II, Section A, Line 6, Column (f): Changed to reflect the changes stated above for Schedule A, Part II, Section A. Schedule A, Part II, Section B, Line 7, Columns (e) and (f): Changed to reflect change on Schedule A, Part II, Section A, Line 4. Schedule A, Part II, Section B, Line 8, Columns (e) and (f): Changed to decrease line by $61,286 as reflected in other parts of the return. Schedule A, Part II, Section B, Line 11, Column (f): Changed to reflect the changes stated above for Schedule A, Part II, Section B Schedule A, Part II, Section B, Line 12: Changed to remove $4,766 gross receipts from related activities. Schedule A, Part II, Section C, Line 14: Changed to record the updated ratio calculated from Schedule A Part II, Lines 6 and 11. Schedule B, Part I, No. 3, Column (b): Updated address for University of Nevada Reno to proper address. Schedule D, Part X, Line 2: To reflect the $5,533 decrease of the account Due to University of Nevada. Schedule D, Part XI, Lines 2d,2e, and 3: Changed to adjust for Alumni revenue. Schedule D, Part XI, Lines 4b and 4c: Changed to account for change in fundraising expense and to add Alumni contributions to UNRF. Schedule D, Part XI, Line 5: Change to account for the changes noted for Schedule D Part XI above. Schedule D, Part XII, Lines 2d, 2e and 3: Changed to account for change in fundraising expenses and to add Alumni expenses. Schedule D, Part XII, Lines 4b and 4c: Changed to account for UNRF contributions to Alumni. Schedule G, Part II, Lines 1, 7 and 10: Changed to account remove Alumni Activity. Schedule I, Part II, Line 1(a): Changed addresses to proper address, deleted Alumni Program line item, and added Alumni Association as a donee. Schedule I, Part II, Line 1(d): Properly reported donations in the cash column. Changed donations for Alumni to properly report UNRF donations made to Alumni. Schedule I, Part II, Line 1(e): Updated to 0 because the donations were cash donations. Schedule I, Part II, Line 2: Changed to properly report the number of organizations. Schedule R, Part I, Column (a): Updated addresses for TSTH LLC, Wonder LLC, Nevada Sagebrush, and Lake Campus LLC to reflect proper addresses. Schedule R, Part II, Column (a): Updated the addresses for University of Nevada Reno, University of Nevada Alumni Association, Athletic Association of Nevada Inc., and AAUN Endowment Inc. to reflect the proper addresses. Schedule R, Part II, Column (e) (University of Nevada Alumni Association): Changed to line 7 to reflect appropriate 501(c)(3) status. Form 990, Part VI, Section A, line 1a The Executive Committee has authority to act on behalf of the governing body between meetings. The Committee is comprised of the Board Chair, the Board Chair Elect, six Vice Chairs and two Trustees-at-Large. The President of the University, immediate past Board Chair, the President of the Alumni Association, the Executive Director, Associate VP/Secretary, and Treasurer of the Foundation serve as ex officio members of the Executive Committee. Form 990, Part VI, Section A, line 6 The NSHE Board of Regents is the sole member of the Foundation. Form 990, Part VI, Section A, line 7a The appointment of the Foundation Board of Trustees is the responsibility of the Nevada System of Higher Education. Form 990, Part VI, Section A, line 7b NSHE Board of Regents must formally approve changes the Foundation's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Audit and Finance Chair prior to filing. It is then made available to the Audit and Finance Committee and Board of Directors after filing. Form 990, Part VI, Section B, line 12c All Board members are covered by the policy. Depending on the nature of the potential conflict and which member, the Board Chair would be consulted as would outside legal counsel. Executive Director, Associate VP and Board Chair review annual statements. Determinations are made by the Board but any possible conflict would be investigated and reviewed. Restrictions depend on the nature of the conflict but again would be vetted through legal counsel and could include change in committee assignments, resigning from the Board, or abstention from particular discussions and/or votes. Form 990, Part VI, Section B, line 15 All of the officers are employees of the University of Nevada, Reno and as such are employees of the State of Nevada. The Foundation does not compensate any employees. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and audited financials are made available upon request. Form 990, Part XI, line 9: Alumni Association Prior Period Adjustment -216,150. TSTH LLC 1664 N Virginia Mail Stop 0162 Reno NV 89557 880435437 Unusual gift holding company NV 0 74442 UNR Foundation Wonder LLC 1664 N Virginia Mail Stop 0162 Reno NV 89557 301246270 Unusual gift holding company NV 0 1342944 UNR Foundation Nevada Sagebrush 1664 N Virginia Mail Stop 0162 Reno NV 89557 834443305 Unusual gift holding company NV 67174 150688 UNR Foundation Lake Campus LLC 1664 N Virginia Mail Stop 0162 Reno NV 89557 612040021 Unusual gift holding company NV 46250000 43995658 UNR Foundation Nevada System of Higher Education 2601 Enterprise Rd Reno NV 89512 886000024 Higher Education NV N/A 0 University of Nevada Reno 1664 N Virginia Mail Stop 0162 Reno NV 89557 886000024 Higher Education NV Nevada System of Higher Education 0 University of Nevada Alumni Association 1664 N Virginia Mail Stop 0164 Reno NV 89557 880103531 Alumni Relations NV 501(c)(3) Line 7 Nevada System of Higher Education 0 Athletic Association of Nevada Inc 1664 N Virginia Mail Stop 0162 Reno NV 89557 237046624 Athletic Program Support NV 501(c)(3) Line 5 Nevada System of Higher Education 0 AAUN Endowment Inc 1664 N Virginia Mail Stop 0162 Reno NV 89557 880296894 Athletic Program Support NV 501(c)(3) Line 5 Athletic Association of Nevada Inc 0 Charitable Remainder Trusts (5) University Support NV N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1