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Nonprofiteer
← NORTHERN ARIZONA UNIVERSITY FDN INC

Form 990 for tax year 2024

Filed by NORTHERN ARIZONA UNIVERSITY FDN INC.

Totals

Total revenue
$88,957,866
Total expenses
$31,934,897
Contributions and grants received
$26,605,130
Grants paid
$19,740,674
Program service revenue
$152,810
Investment income
$61,115,745
Other revenue
$1,084,181
Total assets, end of year
$400,791,572
Total liabilities, end of year
$60,757,117
Net assets or fund balances, end of year
$340,034,455
Program services expenses (Part IX)
$20,381,553
Management and general expenses
$3,617,637
Fundraising expenses
$7,935,707
Program service expenses (Part III)
$20,381,553

Program services were 63.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $122,404

  • 1f · All other contributions, gifts and grants

    $26,482,726

  • 1g · Noncash contributions included above

    $955,729

  • 2a · Program service revenue: ALUMNI CHAPTER EVENTS

    total $152,810 · related or exempt $152,810

  • 3 · Investment income

    total $5,255,834 · excluded $5,255,834

  • 5 · Royalties

    total $936,220 · excluded $936,220

  • 7a · Gross sales of assets other than inventory

    securities $17,968,206 · other assets $55,890,000

  • 7b · Less cost or other basis and sales expenses

    securities $17,998,295 · other assets $0

  • 7c · Gain or loss

    securities -$30,089 · other assets $55,890,000

  • 7d · Net gain or loss

    total $55,859,911 · excluded $55,859,911

  • 8a · Fundraising events: gross income

    $255,043

  • 8a · Fundraising events: contributions included on line 1c

    $122,404

  • 8b · Fundraising events: direct expenses

    $207,469

  • 8c · Net income from fundraising events

    total $47,574 · excluded $47,574

  • 11a · Other revenue: OTHER MISC REVENUE

    total $92,629 · excluded $92,629

  • 11b · Other revenue: PREMIUMS

    total $7,758 · excluded $7,758

  • 11e · Other revenue, total

    $100,387

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,239,270 · program services $15,239,270

  • 2 · Grants to domestic individuals

    total $4,501,404 · program services $4,501,404

  • 5 · Compensation of officers, directors and key employees

    total $1,142,714 · management and general $608,867 · fundraising $533,847

  • 7 · Other salaries and wages

    total $1,028,698 · program services $170,984 · management and general $857,714

  • 8 · Pension plan contributions

    total $445,558 · program services $81,876 · management and general $104,666 · fundraising $259,016

  • 9 · Other employee benefits

    total $794,664 · program services $334,278 · management and general $206,359 · fundraising $254,027

  • 10 · Payroll taxes

    total $377,669 · program services $53,741 · management and general $105,824 · fundraising $218,104

  • 11b · Fees: legal

    total $82,045 · management and general $82,045

  • 11c · Fees: accounting

    total $307,313 · management and general $307,313

  • 11e · Fees: professional fundraising services

    total $44,000 · fundraising $44,000

  • 11f · Fees: investment management

    total $224,201 · management and general $224,201

  • 11g · Fees: other

    total $276,805 · management and general $276,805

  • 13 · Office expenses

    total $251,415 · management and general $251,415

  • 14 · Information technology

    total $188,153 · management and general $188,153

  • 16 · Occupancy

    total $90,880 · management and general $90,880

  • 17 · Travel

    total $161,272 · management and general $161,272

  • 19 · Conferences, conventions and meetings

    total $27,794 · management and general $27,794

  • 23 · Insurance

    total $79,801 · management and general $79,801

  • 24a · Other expenses: PUBLIC RELATIONS

    total $6,626,713 · fundraising $6,626,713

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $27,732 · management and general $27,732

  • 24c · Other expenses: BANK CHARGES

    total $16,796 · management and general $16,796

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,044,691 · end of year $9,837,462

  • 3 · Pledges and grants receivable

    beginning of year $11,394,791 · end of year $18,469,684

  • 4 · Accounts receivable

    beginning of year $243,634 · end of year $59,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,875 · end of year $144,918

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $280,509,505 · end of year $356,742,057

  • 12 · Investments: other securities

    beginning of year $450,961 · end of year $184,324

  • 15 · Other assets

    beginning of year $14,780,831 · end of year $15,353,815

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,592,119 · end of year $5,313,991

  • 19 · Deferred revenue

    beginning of year $868,415 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $47,575,554 · end of year $53,397,139

  • 25 · Other liabilities

    beginning of year $2,041,770 · end of year $2,045,987

  • 27 · Net assets without donor restrictions

    beginning of year $11,576,654 · end of year $67,527,213

  • 28 · Net assets with donor restrictions

    beginning of year $245,810,776 · end of year $272,507,242

Mission and programs · 2024

Mission

ADVANCE THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT AND STEWARDSHIP.

Activities or mission (Part I)

PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION AND FOSTER INVESTMENT BY ENGAGING IN MEANINGFUL RELATIONSHIPS.

  • THE NORTHERN ARIZONA UNIVERSITY FOUNDATION ("NAUF") IS DEDICATED TO ADVANCING THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT, AND PROVIDING STEWARDSHIP. NAUF HAS HAD ONE OF ITS LARGEST FUNDRAISING YEARS IN HISTORY, PROPELLING THE UNIVERSITY IN TRANSFORMINGLIVES AND ENRICHING COMMUNITIES. DONOR ENDOWMENTS PROVIDED OVER $4 MILLION TO SUPPORT NAU, ADVANCING ACADEMIC MOMENTUM, SUPPORTING STUDENT SUCCESS, IMPROVING POST-COLLEGE OUTCOMES, AND BRINGING VITALITY TO THE ECONOMY AND COMMUNITIES OF ARIZONA AND BEYOND. TO EMPOWER STUDENTS AND HELP THEM ACHIEVE THEIR ASPIRATIONS, THE NAUF AWARDED OVER 2,300 OR OVER $4 MILLION IN SCHOLARSHIPS. APPROXIMATELY $22 MILLION IN DONOR INVESTMENTS SUPPORTED NAU'S COLLEGES AND DEPARTMENTS, REFLECTING THE UNIVERSITY'S DISTINCTIVE EXCELLENCE OF HIGH-QUALITY ACADEMIC PROGRAMS, EXPERIENTIAL LEARNING OPPORTUNITIES, AND MISSION-DRIVEN FACULTY AND STAFF, EQUIPPING LUMBERJACKS WITH THE KNOWLEDGE AND SKILLS FOR A THRIVING FUTURE.

    Expenses $20,381,553 · Grants $19,740,674 · Revenue $152,810

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicholas Lobejko

    CEO

    Total calculated
    $353,532
    From this org
    $295,937
    From related orgs
    $0
    Other
    $57,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,532
    Bonus
    $29,405
    Other
    $0
    Deferred
    $20,716
    Nontaxable benefits
    $36,879
    Filer's total
    $353,532

  • Jennifer Stevenson

    CFO (THRU 01/25)

    Total calculated
    $274,312
    From this org
    $226,893
    From related orgs
    $0
    Other
    $47,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,819
    Bonus
    $23,074
    Other
    $0
    Deferred
    $15,851
    Nontaxable benefits
    $31,568
    Filer's total
    $274,312

  • Amy Lynn Phillips

    AVP

    Total calculated
    $254,657
    From this org
    $194,982
    From related orgs
    $0
    Other
    $59,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,470
    Bonus
    $19,512
    Other
    $0
    Deferred
    $23,685
    Nontaxable benefits
    $35,990
    Filer's total
    $254,657

  • Elizabeth Rock

    AVP

    Total calculated
    $241,694
    From this org
    $193,451
    From related orgs
    $0
    Other
    $48,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,697
    Bonus
    $19,754
    Other
    $0
    Deferred
    $13,877
    Nontaxable benefits
    $34,366
    Filer's total
    $241,694

  • Nicholas Dolce

    AVP

    Total calculated
    $228,143
    From this org
    $188,288
    From related orgs
    $0
    Other
    $39,855
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,589
    Bonus
    $15,699
    Other
    $0
    Deferred
    $12,566
    Nontaxable benefits
    $27,289
    Filer's total
    $228,143

  • Peter Zeman

    DIRECTOR, IT

    Total calculated
    $209,233
    From this org
    $171,710
    From related orgs
    $0
    Other
    $37,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,746
    Bonus
    $16,964
    Other
    $0
    Deferred
    $12,020
    Nontaxable benefits
    $25,503
    Filer's total
    $209,233

  • Pamela Ramos

    DIRECTOR, UNIVERSITY DEVELOPMENT

    Total calculated
    $188,291
    From this org
    $147,965
    From related orgs
    $0
    Other
    $40,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,241
    Bonus
    $14,724
    Other
    $0
    Deferred
    $17,947
    Nontaxable benefits
    $22,379
    Filer's total
    $188,291

  • Karen Staley

    DIRECTOR, UNIVERSITY DEVELOPMENT

    Total calculated
    $164,656
    From this org
    $127,911
    From related orgs
    $0
    Other
    $36,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,911
    Bonus
    $0
    Other
    $0
    Deferred
    $15,516
    Nontaxable benefits
    $21,229
    Filer's total
    $164,656

  • Shannan Rice

    AVP, PLANNED GIVING

    Total calculated
    $160,019
    From this org
    $123,135
    From related orgs
    $0
    Other
    $36,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,320
    Bonus
    $10,815
    Other
    $0
    Deferred
    $14,934
    Nontaxable benefits
    $21,950
    Filer's total
    $160,019

  • Leah Bloom

    DIRECTOR, UNIVERSITY DEVELOPMENT

    Total calculated
    $146,322
    From this org
    $130,494
    From related orgs
    $0
    Other
    $15,828
    Hours/week
    40

  • Joseph Wagner

    CFO (AS OF 06/25)

    Total calculated
    $0
    Hours/week
    40

  • Victoria Fimea

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • Lisa Bagwell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robin Braun

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Amy Pena

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dave Franke

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • George Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Bement

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Braudy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Don Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Booker Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Bill Heibel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Kinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Rodriquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Katrina Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Tewelis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Bartels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE DISCRETIONARY AND AWARDED TO EMPLOYEES FOR MEETING CERTAIN METRICS OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • NORTHERN ARIZONA UNIVERSITY

    $15,225,270

    EDUCATION SUPPORT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NORTHERN AZ REAL ESTATE HOLDINGS LLC

    REAL ESTATE · AZ · income $0 · assets $5,979

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

  • NAU VENTURES LLC

    INTELLECTUAL PROPERTY · AZ · income $0 · assets $12,989

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (3)

    INVESTMENTS · CA · controlled entity

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

  • FRIER TRUST

    T · INVESTMENTS · AZ · 100% owned · share of income $23,518 · share of assets $848,542 · controlled entity

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

  • ARMOND IRREVOCABLE TRUST

    T · INVESTMENTS · AZ · 100% owned · share of income $16,820 · share of assets $653,787 · controlled entity

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611339349305531

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