2019-11-11T10:39:02-06:00 2019-06-30 450250958 Eide Bailly LLP 7001 E Belleview Ave Ste 700 Denver CO 80237 990 2018-07-01 840576459 Metropolitan State University of Denver Foundation Inc METR 3036150065 PO Box 173362 Campus Box 14 Denver CO 802173362 Donn Aggeler Treasurer 3036150065 2019-11-05 1 Kyle Fritch CPA P00484560 3037705700 2019-11-05 216.147.181.48 2019-11-05 09:33:00 MS P 38E7B26ACDED65A6206348105EC66FC115FD0A44 0D8FA862322811F9A0BBF3318134ADFB96389756 2018 2020-03-31 21:24:44Z Donn Aggeler PO Box 173362 Campus Box 14 Denver CO 802173362 9837029 0 X www.msudenver.edu/foundation X 1967 CO Promote the general welfare and development of the Metropolitan State University of Denver. 28 28 0 30 -9489 -9489 5597914 5826871 487476 189515 1020808 1101734 43924 165659 7150122 7283779 3176966 4021777 0 0 18998 16138 0 0 52069 810188 860148 4006152 4898063 3143970 2385716 27088091 29838431 754582 1053868 26333509 28784563 X Metropolitan State University of Denver Foundation, Inc. is a non-profit corporation organized and operated to promote the general welfare and development of the Metropolitan State University of Denver through efforts including strategic planning, fundraising and program support. 0 0 4021777 4021777 189515 Funds are raised for the benefit of the students, faculty, and administration of the Metropolitan State University of Denver Foundation, Inc. Funds are also used to publicize, promote and support the advancement of the University. 4021777 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 7 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ AR CO DC FL IL KY MA MD ME MI MN ND NH NY OK OR SC X X Anthony Sisneros 3036055490 PO Box 173362 Campus Box 14 Denver CO 80217 Ron Tilton Chairman 1.00 X X 0 0 0 Ferd Belz Vice Chairman 1.00 X X 0 0 0 Donn Aggeler Treasurer 1.00 X X 0 0 0 Patty Gage Secretary 1.00 X X 0 0 0 Marti Awad Director 1.00 X 0 0 0 Irv Bisnov Director 1.00 X 0 0 0 Dawn Bookhardt Director 1.00 X 0 0 0 Heather Bulk Director 1.00 X 0 0 0 Mark Cordova Director 1.00 X 0 0 0 Navin C Dimond Director 1.00 X 0 0 0 Laura English Director 1.00 X 0 0 0 Jon Kinning Director 1.00 X 0 0 0 Rick Kornfeld Director 1.00 X 0 0 0 Evi Makovsky Director 1.00 X 0 0 0 Donald Marshall Director 1.00 X 0 0 0 Jesse Morreale Director 1.00 X 0 0 0 Jeremy Ostermiller Director 1.00 X 0 0 0 Cindy Parsons Director 1.00 X 0 0 0 Shane Portfolio Director 1.00 X 0 0 0 Jeff Potter Director 1.00 X 0 0 0 John Robinson Director 1.00 X 0 0 0 Robin Sadler Director 1.00 X 0 0 0 Stan Sena Director 1.00 X 0 0 0 Chris Smith Director 1.00 X 0 0 0 Marilee Utter Director 1.00 X 0 0 0 Joe Vostrejs Director 1.00 X 0 0 0 Charlie Walling Director 1.00 X 0 0 0 Julie Winslow Director 1.00 X 0 0 0 James Mulligan Director (Ex Officio) 1.00 X 0 0 0 Janine Davidson Director (Ex Officio) 1.00 X 0 0 0 Christine Marquez-Hudson Executive Director (From 11/18) 1.00 X 16138 0 0 16138 0 0 0 0 0 0 0 51612 5775259 1708314 5826871 University Department Events 900099 189515 189515 189515 661246 -9489 670735 127000 62684 64316 64316 64316 2780265 2339777 440488 440488 440488 252132 51612 150789 101343 101343 7283779 189515 -9489 1276882 X 4021777 4021777 16138 16138 45383 45383 30700 30700 84558 84558 573920 540058 33862 21958 21958 8275 6206 2069 23461 23461 14196 14196 Discretionary Expenses 26413 26413 Alumni Association Spon 12600 12600 Multistate Corp filing 10656 10656 Professional Dues, Lice 8028 8028 4898063 4021777 824217 52069 1118114 1387986 4257201 2745503 10081 10630 22211 2575 1741822 336220 1441002 1405602 19440387 23309735 630385 960520 168710 15880 27088091 29838431 586927 777556 167655 276312 754582 1053868 X 5094379 2913054 13992375 2438102 7246755 23433407 26333509 28784563 27088091 29838431 2385716 65338 0 X 0 1 X 1 0 X 2938423 3053147 8871826 5597914 5826871 26288181 1391503 1539127 1523913 1582791 1689545 7726879 4329926 4592274 10395739 7180705 7516416 34015060 5110046 28905014 478379 510315 536780 644638 788246 2958358 36973418 2424662 0.78180 0.83150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 13259727 3592952 288752 250343 16891088 11960868 1080730 588599 370470 13259727 8085740 3404856 728264 257992 11960868 8067056 420000 -196977 204339 8085740 7817380 474982 -17568 207738 8067056 0.06060 0.45760 0.48180 0 0 456400 456400 1023472 336220 687252 261950 261950 1405602 Annuity payable 44231 Amounts held for Others 232081 276312 X 8807426 65338 1689545 -209362 1545521 7261905 84558 -62684 21874 7283779 6356372 1689545 62684 1752229 4604143 84558 209362 293920 4898063 Part III, Line 4: The Foundation's collection consist of sculptures, paintings, and other artwork. The ownership, maintenance, and exhibition for public viewing of works of art contributes importantly to the achievement of the institution's educational purposes by enhancing public awareness and interest. Part V, Line 4: The Foundation's endowment ("Endowment") is composed of approximately 69 individual endowment funds and 134 purpose-restricted quasi-endowment funds primarily to provide scholarships to eligible students of the university, and support for academic departments, student activities, and other purposes of the university. Part X, Line 2: The Foundation is organized as a Colorado nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3), qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(iv), and has been determined not to be a private foundation under Section 509(a)(1). The LLC is treated as a disregarded entity for tax purposes, and is incorporated into the tax return filed by the Foundation. The Foundation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Foundation is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purposes. The Foundation files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. Management believes that the Foundation has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Foundation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. The Foundation's Forms 990, 990-T and other income tax filings required by state, local, or non-U.S. tax authorities are no longer subject to tax examination for years before 2015. Part XI, Line 2d - Other Adjustments: Endowment Administration fees Netted With Income on Financials -209,362. Part XI, Line 4b - Other Adjustments: Rent expense reported with expenses on financial statements -62,684. Part XII, Line 2d - Other Adjustments: Rent expense reported with expenses on financial statements 62,684. Part XII, Line 4b - Other Adjustments: Endowment Administration fees Netted With Income on Financials 209,362. Athletic Auction 92577 51612 40965 38276 10621 Presidential Inauguration 211167 211167 39884 35143 21541 5324 303744 51612 252132 78160 35143 21541 15945 150789 101343 1 Metropolitan State University of Denver PO Box 173362 Denver CO 80217 840559160 State of Colorado 4021777 The funds were used by the University to award scholarships to 660 individuals and to support academic activities, programs and initiatives. 1 0 Part I, Line 2: The Foundation ensures that the University uses the funds for their intended purpose by: 1. Awarding scholarships through the University's scholarship center and crediting to student accounts. 2. Accounting for specific restrictions in separate Foundation funds. Segregating monies received for scholarships in a separate fund from non-scholarship amounts, reviewing all expenditures to ensure donor restrictions are satisfied, and distributing monthly transaction reports for review by accountholders. 3. Using a separate code to distinguish scholarship funds from other types of accounts payable. 4. The manager of scholarships working with the donor, the Foundation and the scholarship center to ensure that all available funds are awarded when possible. 5. Informing donors of the results of their student recipients. X 7 1561480 Fair Market Value X Manufacturing Equipment 1 84406 Selling Price X Donated Auction Items 218 51612 Selling Price X Other 6 10816 Selling Price 0 0 1 0 Form 990, Part VI, Section A, line 1 The organization is managed by an executive committee comprised of the Board's Chair, Vice-Chair, secretary, and treasurer. Ex-Officio members of the board of directors also participate, but as non-voting members. The committee is empowered to conduct the Foundation's business between regular board meetings and has all the authority of the board except that it shall not authorize distributions; elect, appoint or remove any director; amend the articles; adopt, amend or repeal the bylaws; approve a plan of conversion or plan of merger; or approve a sale, lease, exchange, or other disposition of all, or substantially all, of its property, with or without goodwill, otherwise than in the usual and regular course of business. Form 990, Part VI, Section B, line 11b The Foundation's audit committee reviews the Form 990 in detail before it is filed with the IRS. In addition, the Form 990 is presented to the entire board of directors at their scheduled meeting for review and approval before filing. Form 990, Part VI, Section B, line 12c All officers and board members of the Foundation are required to sign a conflict of interest policy annually, which is kept on file. At the beginning of each board meeting, the chairman of the board of directors asks for any new conflicts to be disclosed. This is noted in the minutes from the meeting. All individuals covered by the policy have a duty to disclose any actual or possible conflict of interest. If a potential conflict of interest exists the individual(s) will be given the opportunity to disclose all material facts to the board of directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. An interested person may make a presentation of the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussions of, and the vote, on, the transaction or arrangement involving the possible conflict of interest. The chairman of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested board of director(s) whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination the board of directors shall make its decision. Form 990, Part VI, Section C, line 19 The Foundation makes available its Form 1023, Form 990 and audited financial statements upon request. Its governing documents and policies are not available to the public upon request. Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 0. Management and general expenses 330,696. Fundraising expenses 33,862. Total expenses 364,558. Endowment Administration Fee: Program service expenses 0. Management and general expenses 209,362. Fundraising expenses 0. Total expenses 209,362. 965 Santa Fe LLC Campus Box 14 PO Box 173362 Denver CO 80217 271282938 Rent the Center for Visual arts to the Metropolitan State University CO 127000 1166564 Metropolitan State University of Denver Foundation Inc