Northern Arizona University Fdn Inc
- Assets
- $256.3m
- Revenue
- $37.8m
- Investments
- $763.2k
- Employees
- 0
- Location
- Flagstaff, AZ
- Founding
- 02/1965
- Data as of
- 06/2022
- EIN
- 86-0193726
Organization Overview
Northern Arizona University Fdn Inc is located in Flagstaff, AZ. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Arizona University Fdn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northern Arizona University Fdn Inc generated $37.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $16.9m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION,(CONT'D ON SCHED O) AND FOSTER PRIVATE INVESTMENT IN IT BY CREATING AND NURTURING MEANINGFUL RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHERN ARIZONA UNIVERSITY FOUNDATION IS DEDICATED TO ADVANCING THE UNIVERSITY THROUGH FOSTERING RELATIONSHIPS, INSPIRING INVESTMENT, AND PROVIDING STEWARDSHIP. THIS YEAR, THE NAU FOUNDATION ACHIEVED A FUNDRAISING MILESTONE TO ASSIST NAU IN TRANSFORMING LIVES AND ENRICHING COMMUNITIES. DONORS SUPPORTED OVER $9M IN STUDENT AND FACULTY SUCCESS INITIATIVES, HELPING CREATE ACCESS TO AFFORDABLE HIGH-IMPACT ACADEMIC PROGRAMS, ADVANCE KNOWLEDGE AND INNOVATION, AND DEVELOP CULTURALLY RESPONSIVE OPPORTUNITIES FOR INDIGENOUS STUDENTS. MORE THAN $8.5M IN DONOR INVESTMENTS INSPIRED THE NAU STUDENT-ATHLETE HIGH PERFORMANCE CENTER TO CREATE A LIVING AND LEARNING RESEARCH LABORATORY. THE NAU FOUNDATION AWARDED OVER 2,200 OR APPROXIMATELY $4M IN SCHOLARSHIPS TO PROVIDE BOLD AND BOUNDLESS OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Victoria Fimea Vice Chair | OfficerTrustee | 3 | $0 |
Mr Dave Franke Chair | OfficerTrustee | 4 | $0 |
Ms Amy Pena Secretary | OfficerTrustee | 2 | $0 |
Vadm Robin Braun Treasurer | OfficerTrustee | 3 | $0 |
Ms Barbara Mccloud Past Chair | OfficerTrustee | 2 | $0 |
Mr Michael Bassoff CEO (thru 02/2022) | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $143,307 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,119,307 |
| Noncash contributions included in lines 1a–1f | $1,492,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,262,614 |
| Total Program Service Revenue | $3,803 |
| Investment income | $3,324,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,495,673 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,545,290 |
| Net Income from Fundraising Events | -$21,125 |
| Net Income from Gaming Activities | $3,750 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,761,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,847,009 |
| Grants and other assistance to domestic individuals. | $4,020,780 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $322,271 |
| Fees for services: Legal | $86,495 |
| Fees for services: Accounting | $127,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,853 |
| Fees for services: Other | $34,148 |
| Advertising and promotion | $0 |
| Office expenses | $1,895 |
| Information technology | $37,197 |
| Royalties | $0 |
| Occupancy | $7,560 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,282 |
| Insurance | $9,629 |
| All other expenses | $0 |
| Total functional expenses | $16,901,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,564,093 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,103,276 |
| Accounts receivable, net | $74,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $201,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $220,940,231 |
| Investments—other securities | $763,214 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,642,698 |
| Total assets | $256,288,832 |
| Accounts payable and accrued expenses | $170,111 |
| Grants payable | $0 |
| Deferred revenue | $796,498 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,225,363 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,543,166 |
| Total liabilities | $42,735,138 |
| Net assets without donor restrictions | $13,737,525 |
| Net assets with donor restrictions | $199,816,169 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $256,288,832 |
Grants Awarded
Over the last fiscal year, Northern Arizona University Fdn Inc has awarded $5,564,272 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHERN ARIZONA UNIVERSITY PURPOSE: EDUCATION SUPPORT | $5,554,272 |
PURPOSE: COMMUNITY SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northern Arizona University Fdn Inc has recieved totaling $88,055.
| Awarding Organization | Amount |
|---|---|
Stanley M Reinhaus Family Foundation Tucson, AZ PURPOSE: SCHOLARSHIPS | $50,000 |
E Eugene Carter Foundation Arlington, MA PURPOSE: SCHOLARSHIPS | $31,000 |
Oletha C Likins And Loren E Likins Perpetual Memorial Trust Torrington, WY PURPOSE: SCHOLSRSHIP | $7,055 |
Endowment Analysis
| Beg. Balance | $191,169,979 |
| Earnings | -$35,175,771 |
| Admin Expense | $5,080,066 |
| Net Contributions | $8,172,929 |
| Other Expense | $4,867,037 |
| Ending Balance | $154,220,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |
California State University Long Beach Research Foundation Long Beach, CA | $178,267,984 | $49,511,748 |
The Claremont Colleges Inc Claremont, CA | $182,085,874 | $52,502,841 |
California Polytechnic State University Foundation San Luis Obispo, CA | $434,195,321 | $44,339,782 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
University Of Nevada Las Vegas Foundation Las Vegas, NV | $436,194,901 | $57,839,511 |