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Nonprofiteer
← NORTHERN ARIZONA UNIVERSITY FDN INC

Form 990 for tax year 2023

Filed by NORTHERN ARIZONA UNIVERSITY FDN INC.

Totals

Total revenue
$27,171,193
Total expenses
$28,573,572
Contributions and grants received
$17,413,011
Grants paid
$20,838,986
Program service revenue
$153,282
Investment income
$8,320,151
Other revenue
$1,284,749
Total assets, end of year
$310,465,288
Total liabilities, end of year
$53,077,858
Net assets or fund balances, end of year
$257,387,430
Program services expenses (Part IX)
$20,838,986
Management and general expenses
$1,263,996
Fundraising expenses
$6,470,590
Program service expenses (Part III)
$20,838,986

Program services were 72.9% 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

    $42,675

  • 1f · All other contributions, gifts and grants

    $17,370,336

  • 1g · Noncash contributions included above

    $1,972,620

  • 2a · Program service revenue: ALUMNI CHAPTER EVENTS

    total $153,282 · excluded $153,282

  • 3 · Investment income

    total $4,948,120 · excluded $4,948,120

  • 5 · Royalties

    total $1,218,820 · excluded $1,218,820

  • 7a · Gross sales of assets other than inventory

    securities $5,549,203

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

    securities $2,177,172

  • 7c · Gain or loss

    securities $3,372,031

  • 7d · Net gain or loss

    total $3,372,031 · excluded $3,372,031

  • 8a · Fundraising events: gross income

    $242,028

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

    $42,675

  • 8b · Fundraising events: direct expenses

    $243,645

  • 8c · Net income from fundraising events

    total -$1,617 · excluded -$1,617

  • 11a · Other revenue: OTHER MISC REVENUE

    total $54,218 · excluded $54,218

  • 11b · Other revenue: PREMIUMS

    total $13,328 · excluded $13,328

  • 11e · Other revenue, total

    $67,546

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,734,148 · program services $16,734,148

  • 2 · Grants to domestic individuals

    total $4,104,838 · program services $4,104,838

  • 11a · Fees: management

    total $653,623 · management and general $653,623

  • 11b · Fees: legal

    total $70,002 · management and general $70,002

  • 11c · Fees: accounting

    total $85,923 · management and general $85,923

  • 11e · Fees: professional fundraising services

    total $271,444 · fundraising $271,444

  • 11f · Fees: investment management

    total $203,290 · management and general $203,290

  • 11g · Fees: other

    total $89,183 · management and general $89,183

  • 13 · Office expenses

    total $194 · management and general $194

  • 14 · Information technology

    total $56,180 · management and general $56,180

  • 16 · Occupancy

    total $30,792 · management and general $30,792

  • 19 · Conferences, conventions and meetings

    total $26,715 · management and general $26,715

  • 23 · Insurance

    total $8,831 · management and general $8,831

  • 24a · Other expenses: ADVANCEMENT SUPPORT

    total $3,538,828 · fundraising $3,538,828

  • 24b · Other expenses: PUBLIC RELATIONS

    total $2,660,318 · fundraising $2,660,318

  • 24c · Other expenses: EDUCATIONAL BROADBAND S

    total $20,000 · management and general $20,000

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $8,932 · management and general $8,932

  • 24e · All other expenses

    total $10,331 · management and general $10,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,405,735 · end of year $3,044,691

  • 3 · Pledges and grants receivable

    beginning of year $15,718,767 · end of year $11,394,791

  • 4 · Accounts receivable

    beginning of year $79,453 · end of year $243,634

  • 9 · Prepaid expenses and deferred charges

    beginning of year $274,566 · end of year $40,875

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

    $7,854

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

    $7,854

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $251,267,156 · end of year $280,509,505

  • 12 · Investments: other securities

    beginning of year $711,278 · end of year $450,961

  • 15 · Other assets

    beginning of year $14,932,669 · end of year $14,780,831

  • 17 · Accounts payable and accrued expenses

    beginning of year $607,169 · end of year $2,592,119

  • 19 · Deferred revenue

    beginning of year $830,795 · end of year $868,415

  • 21 · Escrow or custodial account liability

    beginning of year $42,861,776 · end of year $47,575,554

  • 25 · Other liabilities

    beginning of year $2,422,312 · end of year $2,041,770

  • 27 · Net assets without donor restrictions

    beginning of year $13,982,524 · end of year $11,576,654

  • 28 · Net assets with donor restrictions

    beginning of year $224,685,048 · end of year $245,810,776

Mission and programs · 2023

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 TRANSFORMING LIVES AND ENRICHING COMMUNITIES. DONOR ENDOWMENTS PROVIDED OVER $4.6 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 $20,838,986 · Grants $20,838,986 · Revenue $153,282

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • 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
    1

  • Bill Heibel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Tim Kinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Owens Thru 092023

    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

  • Nick Lobejko

    CEO

    Total calculated
    $0
    Hours/week
    20

  • Jennifer Stevenson

    CFO

    Total calculated
    $0
    Hours/week
    40

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.

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

The filer's explanations (Part III)

FORM 990, PART VII
THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH NORTHERN ARIZONA UNIVERSITY (NAU) FOR MANAGEMENT SERVICES PROVIDED BY ITS EMPLOYEES. THE FOUNDATION REIMBURSES NAU FOR THESE SALARIES AND BENEFITS WHICH ARE INCLUDED ON FORM 990 PART IX LINE 11A. THE COMPENSATION OF NICHOLAS LOBEJKO, THE TOP MANAGEMENT OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2023 WAS $150,167. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $130,269, DEFERRED COMPENSATION OF $9,498, AND NONTAXABLE BENEFITS OF $10,400. THE COMPENSATION FOR JENNIFER STEVENSON, THE TOP FINANCIAL OFFICIAL OF THE FOUNDATION, FOR CALENDAR YEAR 2023 WAS $230,972. THIS AMOUNT WAS COMPRISED OF BASE COMPENSATION OF $198,986, DEFERRED COMPENSATION OF $14,619, AND NONTAXABLE BENEFITS OF $17,367.

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

    $16,734,148

    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 $8,316

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

  • NAU VENTURES LLC

    INTELLECTUAL PROPERTY · AZ · income $98 · assets $14,229

    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 $21,080 · share of assets $772,484 · controlled entity

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

  • ARMOND IRREVOCABLE TRUST

    T · INVESTMENTS · AZ · 100% owned · share of income $16,890 · share of assets $616,826 · controlled entity

    Directly controlled by NORTHERN ARIZONA UNIVERSITY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202520299349301032

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