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Nonprofiteer
← MIDAMERICA NAZARENE UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by MIDAMERICA NAZARENE UNIVERSITY FOUNDATION.

Totals

Total revenue
$7,089,930
Total expenses
$5,384,356
Contributions and grants received
$6,603,938
Grants paid
$5,112,657
Program service revenue
$0
Investment income
$599,474
Other revenue
-$113,482
Total assets, end of year
$24,652,573
Total liabilities, end of year
$4,904,259
Net assets or fund balances, end of year
$19,748,314
Program services expenses (Part IX)
$5,178,448
Management and general expenses
$106,667
Fundraising expenses
$99,241
Program service expenses (Part III)
$5,178,448

Program services were 96.2% 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

    $543,109

  • 1f · All other contributions, gifts and grants

    $6,060,829

  • 1g · Noncash contributions included above

    $283,111

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $484,325 · excluded $484,325

  • 6a · Gross rents

    real property $4,875

  • 6b · Less rental expenses

    real property $2,346

  • 6c · Rental income or loss

    real property $2,529 · personal property $0

  • 6d · Net rental income or loss

    total $2,529 · excluded $2,529

  • 7a · Gross sales of assets other than inventory

    securities $2,431,690

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

    securities $2,316,541

  • 7c · Gain or loss

    securities $115,149 · other assets $0

  • 7d · Net gain or loss

    total $115,149 · excluded $115,149

  • 8a · Fundraising events: gross income

    $21,295

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

    $543,109

  • 8b · Fundraising events: direct expenses

    $147,966

  • 8c · Net income from fundraising events

    total -$126,671 · excluded -$126,671

  • 11d · All other revenue

    total $10,660 · related or exempt $10,660 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $10,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,112,657 · program services $5,112,657

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11c · Fees: accounting

    total $2,970 · management and general $2,970

  • 11f · Fees: investment management

    total $56,930 · management and general $56,930

  • 11g · Fees: other

    total $54,049 · program services $0 · management and general $0 · fundraising $54,049

  • 12 · Advertising and promotion

    total $26,587 · fundraising $26,587

  • 13 · Office expenses

    total $12,620 · fundraising $12,620

  • 14 · Information technology

    total $5,985 · fundraising $5,985

  • 22 · Depreciation, depletion and amortization

    total $19,244 · management and general $19,244

  • 24e · All other expenses

    total $93,314 · program services $65,791 · management and general $27,523 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,788 · end of year $216,704

  • 2 · Savings and temporary cash investments

    beginning of year $3,820,914 · end of year $2,376,437

  • 3 · Pledges and grants receivable

    beginning of year $1,493,379 · end of year $2,206,851

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

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

    $3,406,099

  • 10b · Land, buildings and equipment: accumulated depreciation

    $365,677

  • 10c · Land, buildings and equipment, net

    beginning of year $3,059,666 · end of year $3,040,422

  • 11 · Investments: publicly traded securities

    beginning of year $8,115,906 · end of year $8,891,158

  • 12 · Investments: other securities

    beginning of year $4,140,871 · end of year $3,883,981

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $4,037,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,984,129 · end of year $4,189,945

  • 19 · Deferred revenue

    beginning of year $504,168 · end of year $603,353

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $112,811 · end of year $110,961

  • 27 · Net assets without donor restrictions

    beginning of year -$2,466,232 · end of year -$3,610,747

  • 28 · Net assets with donor restrictions

    beginning of year $19,694,648 · end of year $23,359,061

Mission and programs · 2022

Mission

Educational, religious, and charitable support for MidAmerica Nazarene University by providing scholarship funds and other assistance to the University.

Activities or mission (Part I)

Support for MidAmerica Nazarene University through scholarship funds and other assistance

  • Institutional support for 1,781 students at MidAmerica Nazarene University.

    Expenses $5,178,448 · Grants $5,112,657 · Revenue $10,660

As filed on the 2022 return.

Listed in Part VII

  • Brian G Diddle

    Director and Chairman

    Total calculated
    $0
    Hours/week
    1

  • Charles J Nunamaker

    Director and Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dr Jon D North

    Executive Director

    Total calculated
    $162,124
    From this org
    $0
    From related orgs
    $140,600
    Other
    $21,524
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,150 related
    Bonus
    $0
    Other
    $0 + $7,450 related
    Deferred
    $0 + $2,809 related
    Nontaxable benefits
    $0 + $18,715 related
    Filer's total
    $0 + $162,124 related

  • Keith B Cox

    Director and Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kevin P Gilmore

    Director and Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Christa C Jenkins

    Director

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Darrel W Anderson

    Director

    Total calculated
    $154,453
    From this org
    $0
    From related orgs
    $136,536
    Other
    $17,917
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,885 related
    Nontaxable benefits
    $0 + $15,032 related
    Filer's total
    $0 + $154,453 related

  • Dr Daniel D Rexroth

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Dr David J Spittal

    Director

    Total calculated
    $201,502
    From this org
    $0
    From related orgs
    $201,502
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,052 related
    Bonus
    $0
    Other
    $0 + $7,450 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $201,502 related

  • Evelyn M Kowalewski

    Director (part year)

    Total calculated
    $69,889
    From this org
    $0
    From related orgs
    $63,425
    Other
    $6,464
    Hours/week
    1 + 40 related

  • Larry D McIntire

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael D Major

    Director

    Total calculated
    $0
    Hours/week
    1

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • Murlen Office Quarters LLC

    Real Estate · KS · income $0 · assets $466,873

    Directly controlled by MidAmerica Nazarene University Foundation

  • MNUF Topeka Airport Property LLC

    Real Estate · KS · income $4,875 · assets $2,581,786

    Directly controlled by MidAmerica Nazarene University Foundation

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349301216

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