2024-03-28T13:44:15-05:00 2023-06-30 561031342 WILLIAMS OVERMAN PIERCE LLP 328 E MARKET STREET SUITE 100 GREENSBORO NC 27401 990 2022-07-01 237099379 APPALACHIAN STATE UNIVERSITY FOUNDATION INC APPA 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 JANE BARGHOTHI PRESIDENT 8282622341 2024-03-28 1 JANE BARGHOTHI 999009999 0 MARYELLEN PRANCE CPA P01662078 3362751686 2024-03-28 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JANE BARGHOTHI ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 35732851 0 X HTTP://GIVE.APPSTATE.EDU/ X 1970 NC THROUGH IMPACTFUL AND ENGAGED STEWARDSHIP, FUNDRAISING, FINANCIAL MANAGEMENT, AND THOUGHTFUL BOARD LEADERSHIP, THE APPALACHIAN STATE UNIVERSITY FOUNDATION WILL PROVIDE SIGNIFICANT RESOURCES IN SUPPORT OF THE UNIVERSITY'S MISSION AND KEY PRIORITIES. 20 17 0 20 3334 0 29992999 30982363 842534 749488 1279079 1190055 688540 70654 32803152 32992560 19675545 23618548 0 0 0 0 0 0 1580032 3016756 2950046 22692301 26568594 10110851 6423966 211346628 216184737 7490616 7266366 203856012 208918371 X THE APPALACHIAN STATE UNIVERSITY FOUNDATION EXISTS TO SUPPORT APPALACHIAN STATE UNIVERSITY STUDENTS, FACULTY, STAFF AND COMMUNITY THROUGH THE ADVANCEMENT OF FINANCIAL SUPPORT, STEWARDSHIP, GROWTH OF RESOURCES, AND ADVOCACY FOR THE UNIVERSITY'S MISSION. 0 0 5955766 5955766 44816 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY TO SUPPORT ACADEMIC OPERATING BUDGETS, FACULTY AND STAFF SALARIES/SUPPLEMENTS AND OTHER EVENTS, AND IN-KIND DONATIONS. 5047028 5047028 SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY FOR SCHOLARSHIPS. 11810573 11810573 704950 PROGRAM AND SCHOLARSHIP SUPPORT PROVIDED TO APPALACHIAN STATE UNIVERSITY ATHLETICS. 1234748 805181 81771 ADDITIONAL SUPPORT TO APPALACHIAN STATE UNIVERSITY. 1234748 805181 81771 24048115 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 36 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK CO MA CA MD ME MI MN NH NJ NV NY OH OR SC UT WA X CLAYTON CHRISTIAN 8282622341 ASU BOX 32064 MCKINNEY ALUMNI CTR BOONE NC 286082064 JEANNINE UNDERDOWN COLLINS BOARD CHAIR 3.00 0.00 X X 0 0 0 SHERI EVERTS BOARD MEMBER 1.00 39.00 X 0 427651 9942 KIMBERLY SHEPHERD BOARD MEMBER 1.00 0.00 X 0 0 0 CHAD SEIGLER BOARD MEMBER 1.00 0.00 X 0 0 0 CAROLYN SCHMALENBERGER BOARD MEMBER 1.00 0.00 X 0 0 0 MARK RICKS BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES REEVES BOARD MEMBER 1.00 0.00 X 0 0 0 SAM POWERS BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT LAMPE BOARD MEMBER 1.00 0.00 X 0 0 0 BO HENDERSON BOARD MEMBER 1.00 0.00 X 0 0 0 KYLER FERGUSON BOARD MEMBER 1.00 0.00 X 0 0 0 TAMELA EVERTT BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID WILLIAMS BOARD MEMBER 1.00 0.00 X 0 0 0 STACIE WALKER BOARD MEMBER 1.00 0.00 X 0 0 0 DAN LAYZELL BOARD MEMBER 1.00 39.00 X 0 139507 37686 DENNIS COVINGTON BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES TOLLIVER BOARD SECRETARY 3.00 0.00 X X 0 0 0 PHILLIP OSTWALT BOARD TREASURER 3.00 0.00 X X 0 0 0 CANTEY ALEXANDER BOARD VICE CHAIR 3.00 0.00 X X 0 0 0 JANE BARGHOTHI PRESIDENT (AS OF 6/30/20) 1.00 39.00 X X 0 282176 77907 CLAYTON CHRISTIAN ASSISTANT VICE CHANCELLOR 30.00 10.00 X 0 144150 41442 STEPHANIE BILLINGS EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS 30.00 10.00 X 0 143262 48033 HAROLD SWAIM EXECUTIVE DIRECTOR OF DONOR ENGAGEME 30.00 10.00 X 0 132702 9731 GEOFF GRAHAM PLANNED GIVING DIRECTOR 30.00 10.00 X 0 145186 9841 KYLE ALLEN GIFT OFFICER, WCOB 30.00 10.00 X 0 122599 13749 WILLIAM SEARS SENIOR ASSOCIATE VICE CHANCELLOR FOR 30.00 10.00 X 0 169127 60962 0 1706360 309293 0 0 1 0 TAFT & HARDING ON PARK AVE LLC 115 PARK AVE STATESBORO GA 30458 CONCESSIONS SERVICES 220822 1 548725 30433638 764285 30982363 OTHER PROGRAM REVENUE 900099 686027 686027 EVENT ADMISSIONS & MEALS 611710 63461 63461 749488 992914 992914 3334 3334 13979 0 13979 13979 13979 2309882 355250 2154391 313600 155491 41650 197141 197141 213592 548725 261107 -47515 -47515 30000 11193 18807 18807 MISCELLANEOUS 900099 82049 82049 82049 32992560 831537 3334 1175326 23618548 23618548 10325 10325 35125 35125 365954 365954 697383 15881 104325 577177 2020 480 1540 214616 19492 2225 192899 52689 5759 46930 49585 84 45437 4064 210216 44165 3711 162340 476416 123372 155 352889 80771 80771 216390 216390 72419 70316 2103 SUPPLIES 318791 177082 2969 138740 EQUIP RENTAL & MAINTENA 104632 43252 61380 DUES & SUBSCRIPTIONS 23684 2744 20940 OTHER EXPENSES 19030 19030 26568594 24048115 940447 1580032 500 500 38104321 38420760 20030323 23279215 113576 108290 63383 103154 2501989 380755 2078655 2121234 150818316 152021928 137554 129656 211346628 216184737 230409 211658 3580956 3938100 2177294 1593530 1501957 1523078 7490616 7266366 X 10298325 10561200 193557687 198357171 203856012 208918371 211346628 216184737 X 6423966 -368886 39570 -1032291 X X 0 1 X 1 0 X 18279743 19046975 20927941 28948655 30982363 118185677 3826669 4083018 3924068 4228363 4959151 21021269 22106412 23129993 24852009 33177018 35941514 139206946 5206282 134000664 708430 708267 347859 172678 1003559 2940793 0 0 0 0 0 141688 93450 169481 870632 325641 1600892 143748631 2594489 0.93220 0.93430 X SCH A, PART II, SECTION A, LINE 1 THE FOUNDATION HAS ADJUSTED PRIOR YEAR LINES TO REFLECT UNCOLLECTIBLE PLEDGE RECEIVABLES THAT WERE PREVIOUSLY INCLUDED IN CONTRIBUTIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150235099 6322652 -1928393 3669368 1059 150958931 139633281 11554131 4322803 5188722 86394 150235099 99046587 5069452 38731790 3077709 136839 139633281 98619882 4429580 -1023683 2321932 657260 99046587 89026986 7776974 4358203 1568401 973880 98619882 0.05385 0.92962 0.01653 1 0 1884000 1884000 617989 380755 237234 2121234 UNC INVESTMENT FUND, LLC 148476761 F BENEFICIAL INTEREST IN PERPETUAL TRUSTS/OTHER 3017694 F REAL ESTATE HELD FOR INVESTMENT 230000 F CARLYLE REALTY PARTNERS 246033 F PWP ASSET INCOME FUND 51440 F 152021928 SPLIT INTEREST AGREEMENT 1420536 LEASES PAYABLE 39862 SBITA PAYABLE 62680 1523078 X 36456880 -368886 4959151 287250 4877515 31579365 365954 1047241 1413195 32992560 31434091 4959151 272300 5231451 26202640 365954 365954 26568594 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIP AWARDS AND SUPPORT OF UNIVERSITY PROGRAMS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORM 990-T ANNUALLY AND REPORTS UNRELATED BUSINESS INCOME. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSES NETTED WITH REVENUE 272,300. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,950. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN UNCOLLECTABLE PLEDGES RECEIVABLE 1,044,344. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 2,897. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING AND GAMING EXPENSES NETTED WITH REVENUE 272,300. FOOTBALL GOLF 341500 258900 82600 3934 176 59617 ATHLETICS LEDGENDS GALA DINNER 146250 106465 39785 13717 87275 10 274567 183360 91207 8265 160 87963 762317 548725 213592 25916 336 234855 261107 -47515 30000 10000 1193 0 30000 10000 1193 11193 18807 NC 0 NORTH CAROLINA GENERAL STATUE SEC 14-309 15 PERMITS CERTAIN NONPROFIT ORGANIZATIONS TO CONDUCT FOUR RAFFLES PER YEAR. A RAFFLE CONDUCTED PURSUANT TO THIS SECTION IS NOT A VIOLATION OF STATE LAW. 0 0 0 1.00000 CLAYTON CHRISTIAN ASU BOX 32064 MCKINNEY ALUMNI CENTE BOONE NC 28608 0 DOUG BANKS 0 ASSOCIATE ATHLETICS DIRECTOR, DEVELOPMENT X 0 1 APPALACHIAN STATE UNIVERSITY OPERATIONS DEPARTMENT BOONE NC 28608 561176030 STATE GOV'T ENTITY 5519113 436653 FMV VARIOUS MISCELLANEOUS SUPPLIES SUPPORT FOR APPALACHIAN STATE UNIVERSITY PROGRAMS AND STUDENTS. APPALACHIAN STATE UNIVERSITY SCHOLARSHIP SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 5047028 0 FMV SUPPORT FOR APPALACHIAN STATE UNIVERSITY SCHOLARSHIPS. APPALACHIAN STATE UNIVERSITY ATHLETIC FUND BOONE NC 28608 561176030 STATE GOV'T ENTITY 11609648 200925 FMV VARIOUS MISCELLANEOUS SUPPLIES SUPPORT FOR APPALACHIAN STATE UNIVERSITY STUDENT ATHLETE SCHOLARSHIPS AND PROGRAMS. APPALACHIAN STATE UNIVERSITY OTHER SUPPORT BOONE NC 28608 561176030 STATE GOV'T ENTITY 805181 0 FMV GENERAL SUPPORT 1 PART I, LINE 2: APPALACHIAN STATE UNIVERSITY FOUNDATION WORKS WITH APPALACHIAN STATE UNIVERSITY TO ENSURE THAT THE GRANTS ARE BEING SPENT WITHIN THE CRITERIA OF THE GIFT OR ENDOWMENT AGREEMENTS. 0 0 0 0 0 0 0 0 0 SHERI EVERTS BOARD MEMBER 0 427651 0 0 0 0 0 0 0 9942 0 437593 0 0 JANE BARGHOTHI PRESIDENT (AS OF 6/30/20) 0 282176 0 0 0 0 0 68723 0 9184 0 360083 0 0 WILLIAM SEARS SENIOR ASSOCIATE VICE CHANCELLOR FOR 0 169127 0 0 0 0 0 43488 0 17474 0 230089 0 0 STEPHANIE BILLINGS EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS 0 143262 0 0 0 0 0 35932 0 12101 0 191295 0 0 CLAYTON CHRISTIAN ASSISTANT VICE CHANCELLOR 0 144150 0 0 0 0 0 31070 0 10372 0 185592 0 0 DAN LAYZELL BOARD MEMBER 0 139507 0 0 0 0 0 30292 0 7394 0 177193 0 0 GEOFF GRAHAM PLANNED GIVING DIRECTOR 0 145186 0 0 0 0 0 0 0 9841 0 155027 0 0 PART I, LINE 3 COMPENSATION OF THE PRESIDENT, CFO AND ANY OTHER EMPLOYEE OF APPALACHIAN STATE UNIVERSITY THAT PROVIDES SERVICES TO THE FOUNDATION IS ESTABLISHED THROUGH THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT IN ACCORDANCE WITH GUIDELINES ESTABLISHED BY THE STATE OF NORTH CAROLINA. X 11 94908 APPRAISAL X 72 426633 MARKET QUOTE X 5 37864 COST X SUPPLIES AND EQUIPMENT 41 204879 COST 0 1 0 SCH M, PART I, COLUMN B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND DISCUSSES THE FORM 990 WITH THE PREPARER AND THEN THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW, WITH THE EXCEPTION OF SCHEDULE B WHICH THE BOARD MEMBERS WILL NOT BE ABLE TO REVIEW. THE RETURN IS FILED AFTER THE FORM 990 IS SENT TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ATTORNEY MEETS WITH THE BOARD OF DIRECTORS ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST ANNUAL REPORTING STATEMENT AT THE MEETING FOR COMPLETION AND RETURN IT TO THE FOUNDATION OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ITS PRESIDENT OR OFFICERS. THEY ARE COMPENSATED BY APPALACHIAN STATE UNIVERSITY, A GOVERNMENTAL INSTITUTION. EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY UNIVERSITY HUMAN RESOURCES. UNIVERSITY HUMAN RESOURCES RELY ON PERFORMANCE EVALUATIONS, PEER AND INDUSTRY COMPARISONS, AND ANY ADDITIONAL INDEPENDENT DATA RECEIVED TO SET THE EXECUTIVE COMPENSATION. THE DECISION IS DOCUMENTED IN THE UNIVERSITY'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE FOUNDATION ACCOUNTING OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 14,950. CHANGE IN ALLOWANCE FOR UNCOLLECTABLE PLEDGES RECEIVABLE -1,044,344. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -2,897. FORM 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. APPALACHIAN STATE UNIVERSITY 287 RIVERS STREET BOONE NC 28608 561176030 PUBLIC UNIVERSITY NC STATE GOV'T ENTITY N/A N/A 0 CHARITABLE REMAINDER TRUSTS (11) ASSET INVESTMENT NC ASU FDN 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 APPALACHIAN STATE UNIVERSITY B 22980970 ACTUAL CASH TRANSFERRED APPALACHIAN STATE UNIVERSITY B 637578 COST APPALACHIAN STATE UNIVERSITY O 4943255 FMV APPALACHIAN STATE UNIVERSITY N 15896 FMV