Kansas State Newman Foundation

“Line 11 form 990 investments-see attached schedules-total investment at 12-31-19 foundation-$5,989,961, kuhn endowment $500,298.00, weber endowment-$699,138.00, and wertzberger endowment-$6,125.00 for a total of $7,195,522.00.”

“Records are maintained on a modified cash basis of accounting. Income and expenses are accounted for using cash basis and changes in fair market value of assets are accounted for using accrual basis of accouting. Fmv of assets used for reporting values on form 990 balance sheet.”

“Copy of annual tax return, form 990, is available for review at corporate offices two weeks prior to filing return with irs. All board members are notified electronically, in person, or by phone contact. After review period ends and necessary changes are made and return is filed with irs.”

“At board meetings held throughout the year members are advised to note any potential conflicts of interest. A signed statement to that affect is signed by all board members at annual january board meeting when election of officers and directors takes place.in addition, whistleblower policy and record retention have also reviewed annually and any required forms are signed.”

“Records are maintained on a modified cash basis of accounting.income and expenses are accounted for using cash basis of accounting and changes in fmv of assets are accounted for using accrual basis of accounting. Fmv of assets are used for reporting values on form 990 balance sheet.”

“No compensation is paid to any person associated with this entity. Bills are approved by board members and paid by treasuer.”

“No compensation is paid to officers or key employees of this entiy. Bills are approved by board members and paid by treasurer.”

“Records are maintained at the physical location of the corporation, 711 denison avenue, manhattan,ks. 66502. Upon written request, all requested documents will be made available to the requesting party. Documents include conflict of interest statements, governing documents, financial reports and form 990 filed with irs.”

“Office expense 1776. 0. 1776. 0.”

“Annual report 40. 0. 40. 0.”

“Architect fees 88916. 0. 88916. 0.”

“Choir support 26588. 0. 26588. 0.”