citizennmlimrg Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I OMB No 1545-0047 Return of Organization Exempt From Income Tax Form990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) Department ofthe 0 en to Public II-The organization may have to use a copy ofthis return to satisfy state reporting reqUIrements p . Treasury Inspection Internal Revenue SerVIce A For the 2006 calendar year, or tax year beginning 07-01-2006 and ending 06-30-2007 D Employer identification number C Name of organization B Cheek If apphcable Please Arizona State Univer5ity Foundation 86-6051042 — Address change :15: IIRS a e or E Telephone number Number and street (or P 0 box if mail is not delivered to street address) Room/smte '— Name change Prlnt or PO B0 2260 type. See X (480)965-3759 '— Initial return Specific InstrucCity or town, state or country, and ZIP + 4 FAccounting method — Cash '7 Accrual — Final return tions. Tempe, AZ 852812260 '— Other (specify) II'— Amended return '— Application pending H and I are not applicable to section 527 organizations H(a) Is this a group return for affiliates? — Yes 7No II Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A (Form 990 or 990-EZ). H( b) If "Yes" enter number of affiliates II- G Web site: II- www asufoundation org J Organization type (check only one) I'- 7 E 501(c) (3) *I (insert no) H(C) Are all affiliates included7 _Yes (If "No," attach a list See instructions ) '— 4947(a)(1) or — 527 H(d) Is this a separate return filed by an organization covered by a group ruling? '— Yes I7 No K Check here I'- I_ if the organization is not a 509(a)(3) supporting organization and its gross receipts are normally not more than 25,000 A return is not reqUIred, but if the organization chooses to file a return, be sure to file a complete return L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 II- '— No 483,233,487 I Group Exemption Numberin- M Check II- I_ if the organization is not reqUIred to attach Sch B (Form 990, 990—EZ, or 990—PF) m Revenue, Expenses, and Changes in Net Assets or Fund Balances (See the instructions.) 1 Contributions, gifts, grants, and Similar amounts received a Contributions to donor adVIsed funds b Direct public support (not included on line 1a) c Indirect public support (not included on line 1a) d Government contributions (grants) (not included on line 1a) e Total (add lines 1athrough1d)(cash$ 89355777 2 . . . . . . 1a . . . 1b . . . 107,258,642 1c 1d noncash$ 17:3021865 ) 1e Program serVIce revenue including government fees and contracts (from PartVII, ine 93) 2 107’258’642 5,187,253 3 Membership dues and assessments 3 4 Interest on saVIngs and temporary cashinvestments 4 3,810,362 5 11,876,810 6c 495,033 5 DiVidends and interest from securities 6a Gross rents . . . . . . . . . . . . . . . . . b Less rental expenses Net rentalincome or( oss)subtract ine 6bfrom ine 6a 7 Other investment income (describe I:- ) L:” 8a Gross amount from sales ofassets PE” b . . c g . . . . 6a . 495,033 6b 7 (A)securities (B)Other otherthan inventory 338,458,390 8a 298,210 Less cost or other ba5is and sales expenses 333,553,508 8b 194,698 4,904,882 8c 103,512 E . . c Gain or (loss) (attach schedule) d Net gain or( oss)Combineline 8c,co umns (A)and (B) 9 . 8d 5,008,394 SpeCIal events and actiVities (attach schedule) Ifany amount is from gaming, check here Ir]— a Gross revenue (not including $ contributions reported on line 1b) of . . . . . . . 9a b Less direct expenses otherthan fundraismg expenses c Netincome or( oss)fromspeCIalevents Subtractline 9bfrom ine 9a 10a . . 9b Gross sales ofinventory, less returns and allowances . . . 10a b Less cost ofgoods sold . . . 10b c . . . . . . . . 9c Gross profit or (loss) from sales of inventory (attach schedule) Subtract line 10b from line 10a 10c 11 Other revenue (from PartVII, ine 103) 11 15,848,787 12 Total revenueAdd lines 1e,2,3,4,5,6c,7,8d,9c,10c,and11 12 149,485,281 13 Program serVIces (fromline 44,co umn(B)) 13 53,704,452 .“"' 14 Managementand general (fromline 44,co umn(C)) 14 15,154,958 E 15 Fundraismg(fromline 44,co umn(D)) 15 7,463,253 :3 16 Payments to affiliates (attach schedule) 16 17 Total expensesAdd lines 16 and 44, column (A) 17 76,322,663 _.., 18 Excess or (defICIt) forthe year Subtract line 17 from line 12 18 73,162,618 El 19 Net assets orfund balances at beginning ofyear(from ine 73,co umn(A)) 19 443,784,562 I'll; 20 Other changes in net assets or fund balances (attach explanation) E . 20 34,978,595 2 21 Net assets orfund balances at end ofyearCombinelines 18,19,and 20 21 551,925,775 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. Cat No 11282Y Form 990 (2006) Form 990 (2006) m Page2 Statement of Functional Expenses All organizations must complete column (A) Columns (B), (C), and (D) are reqUIred for section 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions.) 0° 22a Grants paid from donor adVIsed funds (attach Schedule) (cash $0 noncash $0 If this amount includes foreign grants, check here I'- _ 22b ) 22a Other grants and allocations (attach schedule) E (cash $32,716,739 noncash $123,553 ) If this amount includes foreign grants, check here I'- _ 22b 32,840,292 32,840,292 23 SpeCIfic a55istance to indiViduals (attach schedule) 23 24 Benefits paid to or for members (attach schedule) 24 25a Compensation ofcurrent officers, directors, key employees etc Listed in Part V-A (attach schedule) . . . . 25a 552,754 283,292 b Compensation offormer officers, directors, key employees etc listed in Part V-B (attach schedule) . . . . 25b 438,735 438,735 c Compensation and other distributions not icluded above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) (attach schedule) 25C Salaries and wages ofemployees not included on Ilnes 25a, b and c . . . . . . . 26 10,420,662 1,995,424 4,166,244 4,258,994 27 505,358 71,398 401,265 32,695 28 1,731,635 115,503 524,995 1,091,137 29 783,831 80,381 703,450 30 271,909 26 27 Pen5ion plan contributions not included on Ilnes 25a, b and c . . . . . . . 28 Employee benefits not included on lines 25a - 27 . . . . . . . . . 29 Payroll taxes 30 Professmnal fundraismg fees 31 Accounting fees 32 Legal fees . . . . . . . . . . . . . . . . . . . 33 Supplies 34 Telephone 35 Postage and shipping 36 Occupancy 37 EqUIpment rental and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 271,909 31 113,858 32 2,019,962 1,629,581 385,705 4,676 113,858 33 907,363 664,292 174,127 68,944 . . . . . . . . 34 395,059 86,724 115,802 192,533 . . . . . . . . 35 41,419 25,365 8,106 7,948 36 1,575,987 1,042,001 533,986 38 657,925 336,949 52,429 268,547 39 1,254,376 917,730 168,083 168,563 40,319 . . . . . . . . . . . . 37 38 Printing and publications 39 Travel 40 Conferences, conventions, and meetings . . 40 209,617 132,743 36,555 41 Interest . . 41 3,950,632 2,056,490 1,894,142 42 DepreCIation, depletion, etc (attach schedule) '5 42 875,759 457,123 418,636 43 Other expenses not covered above (itemize) 76,322,663 53,704,452 15,154,958 a . . . . . . . . . . . . . . . . . . . . . . . . . . . . See Additional Data Table 43a b 43b c 43c d 43d e 43e f 43f 9 44 269,462 439 Total functional expenss. Add lines 22a through 439 (Organizations completing columns (B)—(D), carry these totals to “neg 13_15) _ _ _ _ 44 Joint Costs. Check In- I_ ifyou are followmg SO P 98-2 Are any Jomt costs from a combined educational campaign and fundraismg solimtation reported in (B) Program serVIces'? If"Yes," enter (i) the aggregate amount ofthese Jomt costs $0 (iii) the amount allocated to Management and general $0 7,463,253 II- I_ Yes I7 No , (ii) the amount allocated to Program serVIces $0 , and (iv) the amount allocated to Fundraismg $0 I Form 990 (2006) Form 990 (2006) Page3 m Statement of Program Service Accomplishments (See the instructions.) Form 990 IS available for public Inspection and, for some people, serves as the primary or sole source ofinformation about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization’s programs and accomplishments What IS the orgamzatlon's PrlmarY exempt Purpose“2 F TO ASSIST ARIZONA STATE UNIVERSITY TO ACHIEVE ITS STRATEGIC MISSION AND OBJECTIVES BY RECEIVING, ADMINISTERING AND APPLYING FUNDS FOR THE BENEFIT OF ARIZO NA STATE UNIVERSITY All organizations must describe their exempt purpose achievements in a clear and concrse manner State the number of clients served, publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and (4) organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others ) a All program expenses are for education, research, public servrce and other actiVities ofArizona State UniverSIty (Grants and allocations $ 32,840,292) Ifthis amount includes foreign grants, check here In- _ Program Service Expenses (Requrred for 501(c)(3) and (4) OFQS I and 4947(a)(1) trusts, but optional for others ) 53,704,452 b B (Grants and allocations $ ) Ifthis amount includes foreign grants, check here II- '— c (Grants and allocations $ ) Ifthis amount includes foreign grants, check here II- '— (Grants and allocations $ ) Ifthis amount includes foreign grants, check here II- '— ) Ifthis amount includes foreign grants, check here II- '— d e Other program servrces (attach schedule) (Grants and allocations $ f Total of Program Service Expenses (should equal line 44, column (B), Program servrces) . . . . II- 53,704,452 Form 990 (2006) Form 990 (2006) m Note: Page4 Balance Sheets (See the instructions.) Where reqUIred, attached schedules and amounts Within the description column should be for end-of-year amounts only. (A) BegInnIng of year 45 Cash—non-Interest-bearing 46 SaVIngs and temporary cash Investments 47a Accounts receivable 47a Less allowance for doubtful accounts 47b Pledges receivable 48a 113,019,833 Less allowance for doubtful accounts 48b 3,450,000 b 48a b 45 2,203,239 34,918,773 46 22,253,489 1,128,826 47c 871,410 64,906,512 48c 109,569,833 871,410 Grants receivable 50a Receivables from current and former officers, dIrectors, trustees, and key employees (attach schedule) 50a Receivables from other dIsqualIerd persons (as defIned under section 4958(c)(3)(B) (attach schedule) 50b 51a g b 49 Other notes and loans receivable (attach schedule) 51a Less allowance for doubtful accounts 51b E 52 d: 53 PrepaId expenses and deferred charges 54a Investments—publicly-traded securItIes 51c Inventories for sale or use b 553 b 52 II- _ Cost Investments—other securItIes (attach schedule) InInvestments—land, bUIldIngs, and eqUIpment baSIS 55a Less accumulated depreCIatIon (attach schedUIe) 55b '7 FMV _ Cost '7 FMV Investments—other (attach schedule) 57a Land, bUIldIngs, and eqUIpment baSIS 57a 22,321,264 Less accumulated depreCIatIon (attach schedule) 57:, 2,123,021 58 0 53 0 395,013,667 54a 485,885,878 0 54b 1E 7,898,819 58,295,247 56 b 55,370,684 55c E 58,295,247 54,210,442 56 E 0 18,062,546 57c IE 20,198,243 5,849,455 58 E 57,531,780 630,911,482 59 764,707,938 5,447,478 60 6,475,098 Other assets, Including program-related Investments (describe I:) 59 Total assets (must equal lIne 74) Add lInes 45 through 58 60 Accounts payable and accrued expenses 61 Grants payable 62 Deferred revenue 63 Loans from officers, dIrectors, trustees, and key employees (attach 61 28,050,939 29,609,280 62 70,020,000 64a Mortgages and other notes payable (attach schedule) 11,690,000 64b E 12,275,000 65 Other lIabIIlItIes (describe I:- 70,360,162 65 E 93,160,998 66 Total liabilitiesAdd lInes 60 through 65 187,126,920 66 212,782,163 32,896,377 67 32,736,394 I 1: 1,450,577 49 b ,n (B) End of year schedule) 64a b 63 Tax-exempt bond lIabIlItIes (attach schedule) ) E 72,820,128 Organizations that follow SFAS 117, check here I:- I7 and complete lInes 67 through 69 and lInes 73 and 74 3 67 UnrestrIcted '19—] 68 Temporarily restrIcted 112,721,075 68 213,672,964 g 69 Permanently restrIcted 298,167,110 69 305,516,417 E LE Organizations that do not follow SFAS 117, check here In- _ and complete lInes 70 through 74 E 70 CapItal stock, trust prInCIpal, or current funds 70 g 71 PaId-In or capItalsurplus,or and,bUIldIng,and eqUIpment fund 71 E 72 Retained earnings, endowment, accumulated Income, or otherfunds 72 E g 73 Total net assets or fund balances Add lInes 67 through 69 or lInes 70 through 72 (Column (A) must equal lIne 19 and column (B) must equal 74 lIne 21) 443,784,562 73 Total liabilities and net assets / fund balances Add lInes 66 and 73 630311482 74 551,925,775 764707338 Form 990 (2006) Form 990 (2006) Page 5 m Reconciliation of Revenue per Audited Financial Statements With Revenue per Return (See the instructions.) Total revenue,gaIns,and other support per audIted fInanCIalstatements a 181,696,365 a b Amounts Included on Ine a but not on Part I, Ine 12 1 Net unreaIIzed gaIns on Investments b1 2 Donated serVIces and use offaCIIItIes b2 3 RecoverIes ofprIor year grants b3 4 Other(speCIfy) E b4 c d 35,009,448 561,077 Add Ines b1 through b4 b 35,570,525 SubtractIIne bfromIInea c 146,125,840 Amounts Included on Part I, Ine 12, but not on Ine a 1 2 Investment expenses notIncIuded on PartI, Ine . . 6b d1 Other(speCIfy) E d2 3,359,441 AddIInes d1and d2 e d Total revenue (PartI, Ine 12) Add Inescand 35,570,525 149,485,281 e Part IV-B Reconciliation of Expenses per Audited Financial Statements With Expenses Jer Return a Totalexpenses and losses per audIted fInanCIalstatements a 72,963,222 b Amounts Included on Ine a but not on Part I, Ine 17 3 4 Donated serVIces and use offaCIIItIes b1 PrIor year adjustments reported on Part I, Ine 20 b2 Losses reported on PartI, Ine 20 b3 Other (speCIfy) b4 Add Ines b1 through b4 b c SubtractIIne bfromIInea c d Amounts Included on Part I, Ine 17, but not on Ine a: 1 2 Investment expenses notIncIuded on PartI, Ine 6b d1 Other (speCIfy) d2 AddIInes d1and d2 e 72,963,222 Totalexpenses(PartI, Ine 17) Add Inescand d 3,359,441 d 3,359,441 76,322,663 I:- e m Current Officers, Directors, Trustee s, and Key Employees (LIst each person who was an officer, dIrector, trustee, or key employee at any tIme durIng the year even If they were not compensated.) (See the instructions.) (D) ContrIbutIons to (E) Expense (B) TItIe and average hours (C) CompensatIon employee benefit plans & (A) Name and address account and other per week devoted to p05ItIon (If not paid, enter -0-.) deferred compensatIon allowances plans See AddItIonaI Data Table Form 990 (2006) Form 990 (2006) m Page 6 Current Officers, Directors, Trustees, and Key Employees (continued) Yes No 75a Enter the total number of officers, directors, and trustees permitted to vote on organization busmess at board .p..14 meetings Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professmnal and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or busmess relationships? If“Yes,” attach a statement that identifies the indiViduals and explains the relationship(s) 75b No 75c No Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professmnal and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization? See the instructions forthe definition of"related organization" JIIf“Yes,” attach a statement that includes the information described in the instructions d Does the organization have a written conflict ofinterest policy? . . . 75d Yes Part V-B Former Officers, Directors, Trustees, and Key Em ployees That Received Compensation or Other Benefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) during the year, list that person below and enter the amount of compensation or other benefits in the appropriate column. See the instructions.) (D) Contributions to (C) Compensation employee benefit plans (E) Expense account and (A) Name and address (B) Loans and Advances (If not pald enter _0_) and deferred compensation other allowances plans IRA A JA C KSO N PO BOX 2260 300EUNIVERSITY DR 0 436,534 2,201 0 TEMPE,AZ 85281 m 76 77 Other Information (See the instructions.) Yes No Did the organization make a change in its actiVities or methods of conducting actiVities7 If "Yes," attach a detailed statement of each change 76 No Were any changes made in the organi2ing or governing documents but not reported to the IRS? 77 No If“Yes,” attach a conformed copy ofthe changes 783 Did the organization have unrelated busmess gross income of $1,000 or more during the year covered by this return? b If“Yes,” has it filed a tax return on Form 990-T forthis year? 79 783 Yes 78b Yes Was there a liqUIdation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement 79 No 803 Is the organization related (other than by association With a stateWIde or nationWide organization) through common membership, governing bodies, trustees, officers, etc , to any other exempt or nonexempt organization? 80a Yes b If "Yes," enter the name ofthe organization In- FRIENDS o F ASU and check whether it is 81a Enter direct or indirect political expenditures (See line 81 instructions) b Did the organization file Form 1120-POLforthis year? '7 exempt or '— nonexempt . I 81a I 0 81b No Form 990 (2006) Form 990 (2006) m Page 7 Other Information (continued) Yes 82a Did the organization receive donated serVIces orthe use of materials, eqUIpment, orfaCIlities at no charge or atsubstantially less than fair rentalvalue'? 82a No No b If "Yes," you may indicate the value of these items here Do not include this amount as revenue in Part I or as an expense in Part 11 (See instructions in Part III) I 82b I 83a Did the organization comply With the public inspection reqUIrements for returns and exemption applications? b Did the organization comply With the disclosure reqUIrements relating to qUId pro quo contributions? 84a Did the organization SOIICIt any contributions or gifts that were not tax deductible? 83a Yes 83b Yes 84a No b If"Yes," did the organization include With every solimtation an express statement that such contributions or 85 gifts were not tax deductible? 84b 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members? 85a b Did the organization make only in-house lobbying expenditures of$2,000 or less? 85b If"Yes," was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy tax owed the prior year c Dues assessments, and Similar amounts from members 85c d Section 162(e) lobbying and political expenditures 85d e Aggregate nondeductible amount ofsection 6033(e)(1)(A) dues notices 85e f Taxable amount oflobbying and political expenditures (line 85d less 85e) 85f 9 Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? 859 h Ifsection 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85fto its reasonable estimate ofdues allocable to nondeductible lobbying and political expenditures forthe followmg tax year? 86 501(c)(7) orgs. Enter a Initiation fees and capital contributions included on line 12 b Gross receipts, included on line 12, for public use ofclub faCIlities 87 501(c)(12) orgs. Enter a Gross income from members or shareholders 86a 0 86b 0 85h 87a b Gross income from other sources (Do not net amounts due or paid to other sources againstamounts due or received from them) 87" 0 88a At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership, or an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-37 If"Yes," complete Part IX 88a Yes b At any time during the year, did the organization directly or indirectly own a controlled entity Within the meaning ofsection 512(b)(13)7 Ifyes complete Part XI 88b No 89b No 89e No 89f No 899 No 89a 501(c)(3) organizations Enter Amount of tax imposed on the organization during the year under section 4911 II- 0 , section 4912 II- 0 , section 4955 II- 0 b 501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware ofan excess benefit transaction from a prior year? If"Yes," attach a statement explaining each transaction c Enter Amount oftax imposed on the organization managers or disqualified persons during the year undersections 4912,4955,and 4958 II- 0 d Enter Amount oftax on line 89c, above, reimbursed by the organization 0 . . . II- e All organizations. At any time during the tax year was the organization a party to a prohibited tax shelter transaction? f All organizations. Did the organization achIre direct or indirect interest in any applicable insurance contract? 9 Forsupporting organizations and sponsoring organizations maintaining donor adVised funds. Did the supporting organization, or a fund maintained by a sponsoring organization, have excess busmess holdings at any time during the year? 90a List the states With which a copy ofthis return is filed II- AZ b Number ofemployees employed in the pay period that includes March 12,2006 (See instructions) 91a The books are in care ofh- ASU FOUNDATION I 90b I 140 . Telephone no In- (480) 965'3759 300 EAST UNIVERSITY DRIVE Located atII- TEMPE: AZ ZIP +4h- 852812260 b At any time during the calendar year, did the organization have an interest in or a Signature or other authority overafinanCIalaccountinaforeign country (such as a bank account,securities account,orotherfinanCIal account)? Yes 91', No No If“Yes,” enterthe name ofthe foreign country I:See the instructions for exceptions and filing reqUIrements for Form TD F 90-22.1, Report of Foreign Bank and FinanCIal Accounts Form 990 (2006) Form 990 (2006) m c Page8 Other Information (continued) Yes At any time during the calendar year, did the organization maintain an office outsrde ofthe United States? No I 91c No If“Yes,” enterthe name ofthe foreign country In92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041—C heck here and enter the amount oftax-exempt interest received or accrued during the tax year . . . . . II- . . . II- m Analysis of Income-Producing Activities (See the instructions.) Note: Enter gross amounts unless otherwse ,ndlcated Unrelated busrness income Excluded by section 512, 513, or 514 (A) (c) Busrness (B) Exclusron (D) code Amount code Amount 93 I— I 92 I (E) Related or exempt funCtlon Income Program servrce revenue a PROGRAM SUPPORT 541800 4,150 2,454,698 b BRICKYARD RENTAL 2,728,405 c d e f Medicare/Medicaid payments 9 Fees and contracts from government agencres 94 Membership dues and assessments 95 Interest on savrngs and temporary cash investments 96 DiVidends and interest from securities 97 Net rental income or (loss) from real estate debt-financed property . . . . . . . . . . 14 3,810,362 14 11,876,810 30 495,033 18 5,008,394 b non debt-financed property 98 Net rental income or (loss) from personal property 99 Other investment income 100 Gain or (loss) from sales of assets other than inventory 101 Net income or (loss) from specral events 102 Gross profit or (loss) from sales of inventory 103 Other revenue a DEVELOPMENT SVS 9,551,800 b TECHNOLOGY SVS 4,717,206 ADMIN SVS FEES 1,579,781 d Subtotal (add columns (B), (D), and (E)) 104 . 105 Total (add line 104, columns (B), (D), and (E)) . 21,031,890 21,190,599 4,150 . . II- 42,226,639 Note: Line 105 plus line is, Part I, should equal the amount on line 12, Part I. m Relationship of Activities to the Accomplishment of Exempt Purposes (See the instructions.) Line No. Explain how each actiVity for which income is reported in column (E) ofPart VII contributed importantly to the accomplishment ofthe organization's exempt purposes (other than by provrding funds for such purposes) See Additional Data Table m Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instructions.) (A) (B) (c) (D) (E) Name, address, and EIN of corporation, Percentage of End—of—year Nature of actiVities Total income partnership, or disregarded entity ownership interest assets See Additional Data Table % 0/0 0/0 0/0 m Information Regarding Transfers Associated with Personal Benefit Contracts (See the instructions.) (3) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? (b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? NOTE: . _ _ _ _ . . '— YeS '7 No '— Yes '7 N0 If "Yes ” to (b), file Form 8870 and Form 4720 (see instructions). Form 990 (2006) Form 990 (2006) Page 9 Information Regarding Transfers To and From Controlled Entities Complete only if the organization is a controlling organization as defined in section 512(b)(13) Yes 106 DId the reportIng organIzatIon make any transfers to a controlled entIty as defined In sectIon 512(b)(13) of the Code? If"Yes," complete the schedule below for each controlled entIty (A) Name and address of each cont rolled entity (B) Employer Identification Number (C) Description of transfer No No (D) Amount of transfer Totals Yes 107 DId the reportIng organIzatIon receive any transfers from a controlled entIty as defined In sectIon 512(b)(13) of the Code? If"Yes," complete the schedule below for each controlled entIty (A) Name and address of each cont rolled entity (B) Employer Identification Number (C) Description of transfer No No (D) Amount of transfer Totals Yes 108 DId the organIzatIon have a bIndIng ertten contract In effect on August 17, 2006 coverIng the Interests, rents, royaItIes and annurtIes descrIbed In questIon 107 above? No No Under penaltres of perjury, Ideclare that I have examIned thIs return, Includrng accompanyrng schedules and statements, and to the best of my knowledge and beIIef, It IS true, correct, and complete Declaratron of preparer (other than offIcer) IS based on all Inforrnatron of thch preparer has any knowledge Please Sign Here Pa 'Id ****** SIg nature of officer 2008—05—14 Date JudIth H Van Gorden Sr VIce Presrdent Type or prInt name and tItIe Date Preparer's ’ sr 9 nature Chlfeck If 5e ' empolyed II '— Pre p arer’s SSN or PTIN ( See Gen Inst W ) Prepa rer's use FIrm’s name (or yours If self—employed), } only address’ and ZIP + 4 EIN ., CBIZ ATA Servrces LLC 3101 N Central Ave Ste 300 Phone no I- PhoenIx, AZ 85012 Form 990 (2006) Iefile GRAPHIC print - DO NOT PROCESS DLN: 93490136012928] Organization Exempt Under Section 501(c)(3) (Except Private Foundation) and Section 501(e), 501(f), 501(k), 501(n), or 4947(a)(1) Nonexempt Charitable Trust w Supplementary Information—(See separate instructions.) 2O O 6 SCHEDULE A F ( orm or SUEZ) As Filed Data - h- MUST be completed by the above organizations and attached to their Form 990 or 990-EZ Department of the Treasury Internal Revenue SerVIce N ame of the organization Employer identification number Arizona State UniverSIty Foundation 86-6051042 m Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (See page 2 of the instructions. List each one. If there are none, enter "None.") (d) Contributions (e) Expense (a) Name and address ofeach employee (b) Title and average hours to employee benefit account and other paid more than $50,000 per week devoted to pOSItion (c) compensatlon plans & deferred allowances compensation ANDREWWOOTEN 300EUNIVERSITY BOX 2260 TEMPE,AZ 85281 VICE PRESIDENT AZTE 400 189,192 22,907 0 JASONPSYDOW 300EUNIVERSITY BOX 2260 TEMPE,AZ 85281 VICE PRESIDENT AZTE 400 204,813 24,517 0 CEO - AZTE 400 384,265 31,097 0 SR VICE PRESIDENT 600 232,000 14,077 10,000 GENERAL COUNSEL-AZTE 650 172,430 14,299 0 PETERJ SLATE 300EUNIVERSITY BOX 2260 TEMPE,AZ 85281 JACQUELINE NORTON 300EUNIVERSITY BOX 2260 TEMPE,AZ 85281 TERESA RO MY SCHLECHT 300EUNIVERSITY BOX 2260 TEMPE,AZ 85281 Total number of other employees paid over $50,000 I 52 m Compensation of the Five Highest Paid Independent Contractors for Professional Services (See page 2 of the instructions. List each one (whether indIVIduals or firms). If there are none, enter "None.") (a) Name and address ofeach independent contractor paid more than $50,000 (b) Type ofserVIce (c) Compensation CAMBRIDGE ASSOCIATES LLC 100 SUMMERST BOSTON,MA 02110 INVESTMENT CONSLTNG 883,576 MBHB po Box 7455 CHICAGO,IL 606867455 LEGAL SVS-AZTE 763,757 SUNGARD BSR INC 1000 WINTER sT STE 1 WALTHAM,MA 02451 SOFTWARE CONSULTING 428,888 TATUM LLC po Box 403291 ATLANTA,GA 30384 INFO SYS CONSULTING 340,000 LEGAL sVS-AZTE 215,833 QUARLES BRADY STREICH LANG 2NORTH CENTRALAVE ONE RENAISSAN PHOENIX,AZ 850042322 Total number of others receivmg over $50,000 for professmnal serVIces Ir 27 Part II-B Compensation of the Five Highest Paid Independent Contractors for Other Services (List each contractor who performed serVIces other than professmnal serVIces, whether indIVIduals or firms. If there are none, enter "None". See page 2 for instructions.) (a) Name and address ofeach independent contractor paid more than $50,000 (b) Type ofserVIce (c) Compensation ARIZONA BILTMO RE RESORT AND SPA 2400EMISSOURI AVE PHOENIX,AZ 85016 EVENTS/CATERING 215,833 CATERING 147,091 RITZ-CARLTON PHOENIX 2401ECAMELBACKRD PHOENIX,AZ 85016 EVENTS/CATERING 152,311 MARKETING COMMUNICATION RESOURCE 761 BETA DR MAYFIELDVILLAGE,OH 44143 PRINTING 251,390 MARRIOTT CAMELBACKINN 5402ELINCOLN DR SCOTTSDALE,AZ 85253 EVENTS/CATERING 125,855 SODEXHO CAMPUS DINING BOX 871101 MEMORIAL UNION RM 182 TEMPE,AZ 85287 Total number of other contractors receivmg over $50,000 for otherserVIces F 6 For Paperwork Reduction Act Notice, see the Instructions for Form 990 andC at N o 1 1 28 5 F Form 990-EZ. Schedule A (Form 990 or 990-EZ) 2006 ScheduleA (Form 990 or990-EZ)2006 m 1 Page2 Statements About Activities (See page 2 of the Instructions.) Yes No DurIng the year, has the organIzatIon attempted to Influence natIonal, state, or local legIslatIon, Include any attempt to Influence publIc opInIon on a legIslatIve matter or referendum? If"Yes,' enterthe total expenses paId or Incurred In connectIon WIth the lobbyIng actIVItIes F$ 115,500 IofPartVI-B) (Must equal amounts on lIne 38, Part VI-A, or lIne 1 Yes OrganIzatIons that made an electIon under sectIon 501(h) by fIlIng Form 5768 must complete Part VI-A Other organIzatIons checkIng "Yes" must complete Part VI-B AND attach a statement gIVIng a detaIled descrIptIon ofthe lobbyIng actIVItIes 2 DurIng the year, has the organIzatIon, eIther dIrectly or IndIrectly, engaged In any ofthe followmg acts WIth any substantIal contrIbutors, trustees, dIrectors, offIcers, creators, key employees, or members oftheIrfamIlIes, or WIth any taxable organIzatIon WIth thch any such person Is affIlIated as an officer, dIrector, trustee, majorIty owner, or a prInCIpal be nefICIa ry'? (If the answer to any question Is "Yes," attach a detaIled statement explaining the transactions.) '5 Sale,exchange,orleasmg property? 2a No b LendIng of money or other extenSIon ofcredIt'? 2b No c FurnIshIng ofgoods,serVIces,orfaCI ItIes7 2c Yes d Payment ofcompensatIon (or payment or reImbursement ofexpenses Ifmore than $1,000)? 2d Yes e Transfer ofany part ofIts Income or assets? 2e No of how the organIzatIon determInes that reCIpIents qualIfy to recere payments) 3a No b DId the organIzatIon have a sectIon 403(b) annUIty plan for Its employees? 3b No d DId the organIzatIon recere or hold an easement for conservatIon purposes, IncludIng easements to preserve open space, the enVIronment , hIstorIc land areas or structures? If"Yes" attach a detaIled statement DId the organIzatIon prOVIde credIt counselIng, debt management, credIt repaIr, or debt negotIatIon serVIces'? 3‘: 3d N0 No 43 N0 4b No 4c No 3a DId the organIzatIon make grants for scholarshIps, fellowshIps, student loans, etc 7 (If“Yes,” attach an explanatIon 4a DId the organIzatIon maIntaIn any donor adVIsed funds? If“Yes,” complete lInes 4b through 4g If“No,” complete lInes 4fand 4g b DId the organIzatIon make any taxable dIstrIbutIons under sectIon 49667 DId the organIzatIon make a dIstrIbutIon to a donor, donor adVIsor, or related person? Enter the total number ofdonor adVIsed funds owned at the end ofthe tax year h- e Enter the aggregate value ofassets held In all donor adVIsed funds owned at the end ofthe tax year h- f Enter the total number ofseparate funds or accounts owned at the end ofthe tax year (excludIng donor adVIsed funds Included on lIne 4d) where donors have the rIght to prOVIde adVIce on the dIstrIbutIon or Investment ofamounts In suchfunds or accounts P Enter the aggregate value ofassets held In all funds or accounts Included on lIne 4fat the end ofthe tax year Ir 0 9 0 Schedule A (Form 990 or 990-EZ) 2006 Schedule A (Form 990 or 990-EZ) 2006 m Page 3 Reason for Non-Private Foundation Status (See pages 4 through 7 of the InstructIons.) I certIfy that the organIzatIon Is not a prIvate foundation because It Is (Please check only ONE applicable box) 5 A church, convention ofchurches, or assomatIon ofchurches SectIon 170(b)(1)(A)(I) A school SectIon 170(b)(1)(A)(II) (Also complete Part V) A hospItal ora cooperative hospItal serVIce organIzatIon SectIon 170(b)(1)(A)(III) A federal, state, or local government or governmental unIt SectIon 170(b)(1)(A)(v) NDQNO‘ A medIcal research organIzatIon operated In conJunctIon WIth a hospItal SectIon 170(b)(1)(A)(III) Enter the hospital's name, city, and state Ir 10 ‘l‘l‘l‘l‘l TI An organIzatIon operated for the benefit ofa college or unIverSIty owned or operated by a governmental unIt SectIon 170(b)(1)(A)(Iv) (Also complete the Support Schedule In Part IV-A) 11a An organIzatIon that normally receres a substantIal part ofIts support from a governmental unIt or from the general publIc 11b A communIty trust SectIon 170(b)(1)(A)(VI) (Also complete the Support Schedule In Part IV-A) SectIon 170(b)(1)(A)(VI) (Also complete the Support Schedule In Part IV-A) 12 _ _ _ An organIzatIon that normally receres (1) more than 331/3°/o ofIts support from contrIbutIons, membershIp fees, and gross receIpts from actIVItIes related to Its charItable, etc , functIons—subJect to certaIn exceptIons, and (2) no more than 331/3°/o of Its support from gross Investment Income and unrelated busmess taxable Income (less sectIon 511 tax) from busmesses achIred by the organIzatIon after June 30,1975 See sectIon 509(a)(2) (Also complete the Support Schedule In Part IV-A) 13 _ An organIzatIon that Is not controlled by any dIsqualIerd persons (other than foundatIon managers) and otherWIse meets the reqUIrements ofsectIon 509(a)(3) Check the box that descrIbes the type ofsupportIng organIzatIon I_TypeI I_TypeII I_TypeIII - FunctIonallyIntegrated I_TypeIII -Other Provide the following information about the supported organizations. (see page 7 of the instructions.) (a) . . Name(s) of supported organlzatlon(s) Total 14 (b) Employer . . . . IdentIfIcatIon number (C) TYP_e °f_ °rgamzah°n (described in . lInes 5 through 12 above or IRC section) (d) Is the supported organization listed in the su ortin or anizationvs PP 9 9 governing documents? Yes (e) Amount of 7 support . No It I_ An organIzatIon organIzed and operated to test for publIc safety SectIon 509(a)(4) (See page 7 ofthe InstructIons) Schedule A (Form 990 or 990-EZ) 2006 Schedule A (Form 990 or 990-EZ) 2006 Page 4 m Support Schedule (Complete only ifyou checked a box on line 10, 11, or 12 ) Use cash method ofaccounting. Note: You may use the worksheet In the Instructions for converting from the accrual to the cash method of accounting. Calendar year (or fiscal year beginning in) 15 16 17 18 19 20 21 22 F (a) 2005 G'fts’ grants’ and contr'but'ons rece'ved (Do not Include unusual grants See line 28) Membership fees received Gross receipts from admissmns, merchandise (b) 2004 105,587,817 (c) 2003 65,281,299 (d) 2002 47,957,938 (e) Total 32,723,827 251,550,881 0 s° d or serv'ces performed’ or fum'Sh'ng 0f faCIlities in any actiVity that is related to the organization's charitable, etc , purpose Gross income from interest, diVidends, amounts received from payments on securities loans (sect'on 512(a)(5))' rents' royalt'es' and unrelated busmess taxable income (less section 511 taxes) from busmesses achIred by the organization afterJune 30,1975 Net income from unrelated busmess actiVities not included in line 18 Tax revenues leVIed forthe organization's benefit and either paid to it or expended onits behalf The value ofserVIces orfaCIlities furnished to the organization by a governmental unit Without charge Do not include the value ofserVIces or faCIlities generally furnished to the public Without charge Other income Attach a schedule Do not include gain or (loss) from sale ofcapital assets 5 7,567,661 7,557,469 3,552,968 4,810,465 23,488,563 10,223,014 37,769,919 4,978,900 5,800,540 58,772,373 0 0 0 19,935,501 12,542,191 7,532,627 7,648,936 47,659,255 23 Total of lines 15 through 22 143,313,993 123,150,878 64,022,433 50,983,768 381,471,072 24 Line 23 minus line 17 135,746,332 115,593,409 60,469,465 46,173,303 357,982,509 25 26 Enter 1% of line 23 Organizations described on lines 10 or 11: a 1,433,140 1,231,509 Enter 2% ofamount in column (e), line 24 640,224 P 509,838 26a 7,159,650 b Prepare a list for your records to show the name ofand amount contributed by each person (other than a governmental unit or publicly supported organization) whose total gifts for 2002 through 2005 exceeded the amount shown in line 26a Do not file this list with your return. Enter the total ofall these excess amounts c Total support for section 509(a)(1) test Enter line 24, column (e) d Add Amounts from column (e) for lines 18 58,772,373 19 22 27 I” 26b 66,960,607 F 26c 357,982,509 0 26b 66,960,607 h 26d e Public support (line 26c minus line 26d total) P 26e 173,392,235 184,590,274 f Public support percentage (line 26e (numerator) divided by line 26c (denominator)) P 26f 51 56 0/0 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a "disqualified person," prepare a list for your records to show the name of, and total amounts received in each yearfrom, each "disqualified person " Do not file this list with your return. Enter the sum ofsuch amounts for each year (2005) (2004) (2003) (2002) b For any amount included in line 17 that was received from each person (other than "disqualified persons"), prepare a list for your records to show the name of, and amount received for each year, that was more than the larger of(1) the amount on line 25 for the year or (2) $5,000 (Include in the list organizations described in lines 5 through 11b, as well as indiViduals ) Do not file this list with your return. After computing the difference between the amount received and the larger amount described in (1) or (2), enterthe sum of these differences (the excess amounts) for each year (2005) (2004) c Add Amounts from column(e)forlines 17 (2003) 15 16 20 d Add Line 27atotal (2002) 21 andline 27btotal e Public support (line 27c total minus line 27d total) f Total support for section 509(a)(2) test Enter amount from line 23, column (e) F 9 Public support percentage (line 27e (numerator) divided by line 27f (denominator)) 28 P 27c Ir 27d P 27e l 27f F 279 h Investment income percentage (line 18, column (e) (numerator) divided by line 27f (denominator)) Ir 27h Unusual Grants: For an organization described in line 10, 11, or 12 that received any unusual grants during 2002 through 2005, prepare a list for your records to show, for each year, the name ofthe contributor, the date and amount ofthe grant, and a brief description ofthe nature ofthe grant Do not file this list with your return. Do not include these grants in line 15 Schedule A (Form 990 or 990-EZ) 2006 ScheduleA (Form 990 or990-EZ)2006 Page4 m 29 30 Private School Questionnaire (See page 7 of the Instructions.) (To be completed ONLY by schools that checked the box on line 6 in Part IV) Does the organIzatIon have a raCIaIIy nondIscrImInatory poIIcy toward students by statement In Its charter, bylaws, other governIng Instrument, or In a resolutIon ofIts governIng body? Yes No 29 Does the organIzatIon Include a statement ofIts raCIaIIy nondIscrImInatory poIIcy toward students In all Its brochures, catalogues, and other ertten communIcatIons WIth the pubIIc deaIIng WIth student admISSIons, programs, and scholarshIps? 31 30 Has the organIzatIon pubIICIzed Its raCIaIIy nondIscrImInatory poIIcy through newspaper or broadcast medIa durIng the perIod ofsoIICItatIon for students, or durIng the regIstratIon perIod IfIt has no soIICItatIon program, In a way that makes the poIIcy known to all parts ofthe general communIty It serves? 31 If"Yes," please descrIbe, If"No," please epraIn (Ifyou need more space, attach a separate statement) 32 Does the organIzatIon maIntaIn the followmg a Records IndIcatIng the raCIaI compOSItIon ofthe student body, faculty, and admInIstratIve staff? 32a b Records documentIng that scholarshIps and otherfInanCIal aSSIstance are awarded on raCIaIIy nondIscrImInatory baS S7 32b c CopIes ofall catalogues, brochures, announcements, and other ertten communIcatIons to the pubIIc deaIIng WIth student admISSIons, programs, and scholarshIps? 32c d CopIes ofall materIaI used by the organIzatIon or on Its behalfto soIICIt contrIbutIons'? 32d Ifyou answered "No" to any ofthe above, please epraIn (Ifyou need more space, attach a separate statement) 33 Does the organIzatIon dIscrImInate by race In any way WIth respect to a Students' rIghts or prIVIIeges'? 33a b AdmISSIons p0 C eS7 33b c Employment offaculty or admInIstratIve staff? 33c d ScholarshIps or otherfInanCIal aSSIstance'? 33d e EducatIonaI p0 C eS7 33e f Use 0ffaC tleS7 33f g AthletIc programs? 339 h Other extracurrIcuIar aCthltleS7 33h Ifyou answered "Yes" to any ofthe above, please epraIn (Ifyou need more space, attach a separate statement) 34a Does the organIzatIon recere any fInanCIaI aId or aSSIstance from a governmental agency? 34a b Has the organIzatIon's rIght to such aId ever been revoked or suspended? 34b Ifyou answered "Yes" to eIther 34a or b, please epraIn usmg an attached statement 35 Does the organIzatIon certIfy that It has compIIed WIth the appIIcabIe reqUIrements ofsectIons 4 01 through 4 05 of Rev Proc 75-50,1975-2 C B 587, coverIng raCIaI nondIscrImInatIon'? If"No," attach an explanatIon 35 Schedule A (Form 990 or 990-EZ) 2006 Schedule A (Form 990 or 990-EZ) 2006 Page 5 Lobbying Expenditures by Electing Public Charities (See page 10 of the instructions.) (To be completed ONLY by an eligible organization that filed Form 5768) I— ifthe organization belongs to an affiliated group Check It b I— ifyou checked "a" and "limited control" prOVI5ions apply m Check It a . . . . Limits on Lobbying Expenditures ( Th (a) Affiliated group totals n d n d d e term expen itures means amounts pai or incurre ) (b) To be completed for all electing orgamzatlons 36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 36 37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37 115,500 38 Total lobbying expenditures (add lines 36 and 37) 38 115,500 39 Other exempt purpose expenditures 39 76,207,163 40 Total exempt purpose expenditures (add lines 38 and 39) 40 76,322,663 41 1,000,000 41 Lobbying nontaxable amount Enterthe amount from the followmg table— If the amount on line 40 is— The lobbying nontaxable amount is— Not over $500,000 20% of the amount on line 40 Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000 Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 $1,000,000 42 Grassroots nontaxable amount (enter 25% ofline 41) 42 250,000 43 Subtractline 42 fromline 36 Enter-0- ifline 42 is more thanline 36 43 0 44 Subtractline 41 fromline 38 Enter-0- ifline 41 is more thanline 38 44 0 Caution: If there IS an amount on either line 43 or line 44, you must file Form 4720. 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all ofthe five columns below See the instructions for lines 45 through 50 on page 13 ofthe instructions) Lobbying Expenditures During 4-Year Averaging Period Calendar year (or fiscal year beginning in) It (a) 2006 115,500 (b) 2005 45 Lobbying nontaxable amount 105,214 46 Lobbying ceiling amount (150% ofline 45(e)) 47 Total lobbying expenditures 115,500 105,214 48 Grassroots nontaxable amount 250,000 250,000 49 Grassroots ceiling amount (150% ofline 48(e)) 50 Grassroots lobbying expenditures (c) 2004 108,500 (d) 2003 (e) Total 98,239 427,453 641,180 108,500 98,239 427,453 500,000 750,000 Part VI-B Lobbying Activity by Nonelecting Public Charities (For reporting only by organizations that did not complete Part VI—A) (See page 13 of the instructions.) During the year, did the organization attempt to influence national, state or local legislation, including any Yes No Amount attempt to influence public opinion on a legislative matter or referendum, through the use of Volunteers Paid staffor management (Include compensation in expenses reported on lines cthrough h.) Media advertisements Mailings to members, legislators, or the public Publications, or published or broadcast statements Grants to other organizations for lobbying purposes Direct contact With legislators, their staffs, government offICIals, or a legislative body Sin-“(Dan Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means Total lobbying expenditures (Add lines cthrough h.) If"Yes" to any ofthe above, also attach a statement givmg a detailed description ofthe lobbying actiVities Schedule A (Form 990 or 990-EZ) 2006 ScheduleA (Form 990 or990-EZ)2006 Page6 m Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (See page 13 of the InstructIons.) DId the reportIng organIzatIon dIrectly or IndIrectly engage In any ofthe followmg WIth any other organIzatIon descrIbed In sectIon 501(c) ofthe Code (otherthan sectIon 501(c)(3) organIzatIons) or In sectIon 527, relatIng to polItIcal organIzatIons? 51 a Transfers from the reportIng organIzatIon to a noncharItable exempt organIzatIon of (i) Cash (ii) Other assets Yes No 51a(i) No a(ii) No b(i) No b Othertransactlons (i) Sales or exchanges ofassets WIth a noncharItable exempt organIzatIon (ii) Purchases ofassets from a noncharItable exempt organIzatIon b(ii) (iii) Rental of faCIIItIes, eqUIpment, or other assets b(iii) Yes (iv) ReImbursement arrangements b(iv) Yes (v) Loans or loan guarantees b(v) Yes (vi) Performance ofserVIces or membershIp orfundraISIng solICItatIons b(vi) Yes c Yes c SharIng offaCIIItIes,eqUIpment,maIlIng lIsts,otherassets,or paId employees No d Ifthe answer to any ofthe above Is "Yes," complete the followmg schedule Column (b) should always show the faIr market value ofthe goods, other assets, or serVIces gIven by the reportIng organIzatIon Ifthe organIzatIon recered less than faIr market value In any transactIon or sharIng arrangement, show In column (d) the value ofthe goods, other assets, or serVIces recered 51b(III) 0 (d) DescrIptIon oftransfers, transactIons, and sharIng arran ements FRIENDS OFASU USES STAFF, 51b(Iv) 0 FACILITIES AND INCIDENTAL 51b(VI) 0 SUPPLIES PROVIDED BY THE FDN (a) LIne no (b) Amount Involved (c) Name of noncharItable exempt organIzatIon 51c 85,501 FRIENDSOFASU FRIENDS OFASU HAVE UNRE- 51b(v) 90,022 FRIENDSOFASU IMBURSED COSTS AT YEAR END 52a Is the organIzatIon dIrectly or IndIrectly affIIIated WIth, or related to, one or more tax-exempt organIzatIons descrIbed In sectIon 501(c) ofthe Code (otherthan sectIon 501(c)(3)) or In sectIon 5277 F I7 Yes I— No b If"Yes," complete the followmg schedule (a) Name oforganIzatIon FRIENDSOFASU (b) Type oforganIzatIon 501(C)(4) (C) DescrIptIon of relatIonshIp THE FOUNDATION CONTROLS THE Schedule A (Form 990 or 990-EZ) 2006 Additional Data Software ID: Softwa re Version: EIN: Name: 86—6051042 Arizona State Umversnty Foundation Form 990, Part II, Line 43 - Other expenses not covered above (itemize): Do not include amounts reported on line 6b, 8b, 9b, lab, or 16 of Part I. (A) Total (B) Program services 1,514,827 (C) Management and general 1,464,076 (D) Fundraising 22,400 P RO FE SSIO N A L FE ES 43a 3,001,303 EMPLOYEE RELATED EXPENSES 43b 34,153 IN S U RA N C E 43c 104,521 16,766 87,755 ADVERTISING, MARKETING &PROMO 43d 541,382 435,848 58,587 46,947 RE C O G N ITI O N 43e 1,229,875 1,123,519 20,768 85,588 DUES, FEES, SUBSCRIPTIONS 43f 1,166,282 929,583 139,107 97,592 TRAVEL, MEALS & CULTIVATION 439 3,146,428 2,516,705 98,534 531,189 A M O RTIZATI O N 43h 1,297,550 651,171 646,379 CUSTODY,INVESTMENT,FINANCING 43i AND CASH MANAGEMENT FEES 43j 1,553,406 470,539 1,082,867 PBS ASSESSMENT 43k 847,978 847,978 MISCELLANEOUS EXPENSE 43I 3,852,652 2,745,520 34,153 1,103,322 3,810 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: (A) Name and address (B) Title and average hours per week devoted to position (C) Compensation (If not paid, enter -0-) (D) Contributions to employee benefit plans & deferred compensation plans (E) Expense account and other allowances CHARLES WAGNER PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 SR VICE PRESIDENT 400 50,841 8,537 1,500 CRAIG WEATHERUP PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 CHAIR/INTERIM CEO 400 0 0 0 ANGELA CESAL-SHAULIS PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 SECRETARY 06 0 0 0 ED RONDTHALER PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 TREASURER 07 0 0 0 WAYNE DORAN PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 PAST CHAIR 05 0 0 0 LYLE CAMPBELL PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 DIRECTOR 05 0 0 0 SCOTT CROZIER PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 DIRECTOR 05 0 0 0 STEVE EVANS PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 DIRECTOR 63 0 0 0 IRA FULTON PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 DIRECTOR 05 0 0 0 BOBJOHNSON PO BOX 2260 300EUNIVERSITY DR TEMPE,AZ 85281 DIRECTOR 02 0 0 0 Form 990, Part V-A - Current Officers, Directors, Trustees, and Key Employees: (A) Name and address (B) Title and average hours per week devoted to position (C) Compensation (If not paid, enter -0-) (D) Contributions to employee benefit plans & deferred compensation plans (E) Expense account and other allowances HARRY PAPP PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 DIRECTOR 07 o 0 ANNE MARIUCCI PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 DIRECTOR 07 o 0 SCOTT WALD PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 DIRECTOR 06 o 0 JOHN GRAHAM PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 DIRECTOR 05 o 0 GREG VOGEL PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 DIRECTOR 04 o 0 JOHNNIE RAY PO BOX 2260 300EUNIVERSITY DR TEMPE,Az 85281 PRESIDENT 650 262,359 7,103 JUDY VAN GORDEN PO BOX 2260 300 E UNIVERSITY DR TEMPE,AZ 85281 SR VICE PRESIDENT 600 211,516 10,898 Form 990, Part VIII - Relationship of Activities to the Accomplishment of Exempt Purposes: Line No. Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes). 93A VARIOUS UNIVERSITY,COMMUNITY,AND OTHER SPECIAL EVENTS,AND 0 PROGRAMS ALL OF WHICH ARE ACTIVITIES WHICH PROMOTE ACADEMIC 0 EXCELLENCE,CULTURAL AWARENESS AND COMMUNITY INVOLVEMENT 0 RELATED TO BOTH SPECIFIC AND GENERAL UNIVERSITY ACADEMIC 0 DISCIPLINES 93B 0 103B BRICKYARD RENTAL PROPERTY PROVIDES OFFICE &CLASSROOM SPACE THAT SUPPORTS THE UNIVERSITY DEVELOPMENT SERVICES IS A CONTRACT FEE PAID BY THE 0 UNIVERSITY FOR DEVELOPMENT AND OTHER SERVICES PROVIDED BY 0 THE FOUNDATION 103C TECHNOLOGY SERVICES IS A CONTRACT FEE PAID BY THE 0 UNIVERSITY FORTECHNOLOGY TRANSFER SERVICES PROVIDED BY 0 AZTE 103D ADMINISTRATIVE SERVICE FEES ARE CHARGED TO FOUNDATION 0 ACCOUNTS FOR SERVICES SUCH AS ADMINISTRATION FOR DEPOSITS, 0 DISBURSEMENTS AND INVESTMENT MANAGEMENT Form 990, Part IX - Information Regarding Taxable Subsidiaries and Disregarded Entities: (A) Name, address, and EIN of corporation, partnership, or disregarded entity (B) Percentage of ownership interest Nature of activities (D) Total income (E) End-of -year assets AZ SCIENCE AND TECH ENTER BOX 2260 TEMPE, A2852802260 86-6051042 10000 % INTELLECTUAL PROPERTY 4,875,526 2,702,164 ASUF LLC BOX 2260 TEMPE, A2852802260 86-6051042 10000 % REAL ESTATE 4,225,977 73,786,641 ASUF BRICKYARD LLC BOX 2260 TEMPE, A2852802260 86-6051042 10000 % REAL ESTATE -8,237,606 48,964,126 ASUF SCOTTSDALE LLC BOX 2260 TEMPE, A2852802260 86-6051042 10000 % REAL ESTATE 100,000 5000 % REAL ESTATE 10,850,537 SKYSONG HOLDINGS LLC 101 E ERIE ST STE 800 CHICAGO, IL60611 20-4030202 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Cash Grants Paid Schedule Name: EIN: Class of Activity Arizona State Umversnty Foundation 86-6051042 Recipient's name Address Amount Relationship ARIZONA STATE UNIVERSITY PO BOX 870502 TEMPE, AZ 85287 28,443,384 NONE SUN ANGEL FOUNDATION PO BOX 872205 TEMPE, AZ 85287 80,396 NONE ARIZONA STATE UNIVERSITY PO BOX 870502 TEMPE, AZ 85287 3,710,280 NONE ARIZONA STATE UNIVERSITY PO BOX 870502 TEMPE, AZ 85287 482,679 NONE Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Depreciation and Depletion Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Asset Amount BUILDINGS/IMPROV. 390,591 FIXTURES & EQUIP 391,640 BUILDINGS/IMPROV. 43,770 FIXTURES & EQUIP. 30,654 RAW LAND REAL ESTATE IMPROV BRIC KYARD TIMESHARE BRIC KYARD RAW LAND BUILDINGS/IMPROV. FIXTURES & EQUIP. FIXTURES & EQUIP IS SYSTEM 19,877 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928 Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. TY 2006 Gain/Loss from Sale of Other Assets Schedule Name: EIN: Na me SALE OFLAND Date Acquired Arizona State Umversnty Foundation 86-6051042 How Acquired Date Sold Purchaser Name Gross Sales Price 298,210 Sales Expenses 194,698 Total (net) 103,512 Accumulated Depreciation Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - TY 2006 Gain/Loss from Sale of Public Securities Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Gross Sales Price: 338,756,600 Basis: 333,748,206 Sales Expenses: Total (net): 5,008,394 DLN:93490136012928I Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Investments - Land Schedule Name: EIN: Category /Item RAW LAND Arizona State Umversnty Foundation 86-6051042 Cost/Other Basis Accumulated Depreciation Book Value 1,789,858 1,789,858 10,178 10,178 BRICKYARD 43,000,000 43,000,000 TIMESHARE 2,200 2,200 13,493,011 13,493,011 REAL ESTATE IMPROVR BRICKYARD RAW LAND Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Investments - Other Schedule Name: EIN: Description Arizona State Umversnty Foundation 86-6051042 Book Value Cost/ FMV Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Investments - Securities Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Description Book Value TIFF PARTNERS V - OTHER 4,162,315 PARK STREET PRIVATE EQUITY VI - OTHER 2,263,484 PARK STREET PRIVATE EQUITY VII - OTHER 1,007,413 SVB STRATEGIC INVEST. FUND III - OTHER 465,607 Cost/FMV Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Land etc. Schedule Name: EIN: Category /Item BUILDINGS/IMPROV. Arizona State Umversnty Foundation 86-6051042 Cost/Other Basis Accumulated Depreciation Book Value 15,233,051 928,844 14,304,207 FIXTURES & EQUIP 1,910,684 1,019,223 891,461 BUILDINGS/IMPROV. 1,949,947 93,769 1,856,178 FIXTURES & EQUIP. 214,581 61,308 153,273 BUILDINGS/IMPROV. 191,440 FIXTURES & EQUIP. 278,281 191,440 19,877 258,404 FIXTURES & EQUIP IS SYSTEM 2,543,280 2,543,280 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Mortgages and Notes Payable Schedule Name: EIN: Total Mortgage Amount: Arizona State Umversnty Foundation 86-6051042 12275000 1 Item No. Lender's Name 2004 SERIES B REVENUE BONDS Lender's Title Relationship to Insider Original Amount of Loan 12075000 Balance Due 11275000 Date of Note 2004-07 Maturity Date 2022-07 Repayment Terms INT. PD MONTHLY, ANNUAL REDEMPTION PER SCHEDULE Interest Rate Security Provided by Borrower Purpose of Loan 5.35 BUILDING, PARKING STRUCTURE & MASTER LEASE REAL ESTATE PU RC HASE Description of Lender Consideration Consideration FMV 2 Item No. Lender's Name WELLS FARGO LINE OF CREDIT Lender's Title Relationship to Insider Original Amount of Loan 20000000 Balance Due 1000000 Date of Note 2007-02 Maturity Date 2008-01 Repayment Terms Interest Rate INTEREST PAID MONTHLY 5.875 Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV REAL ESTATE PURCHASE FOR FUTURE DEVELOPMENT Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Non Cash Grants Paid Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Item No. 1 Class of Activity Donee's Name ARIZONA STATE UNIVERSITY Donee's Address Amount (FMV) Relationship Description Book Value How Book Value is Determined? How FMV is Determined? Date of Gift NON E PROPERTY TRANSFER 123553 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Other Assets Schedule Name: EIN: Description INTEREST IN CHAR. REMAIN. TRST Arizona State Umversnty Foundation 86-6051042 Beginning of Year Amount End of Year Amount 375,623 395,847 2,144,071 2,125,197 74,990 140,896 126,837 169,547 2,379,242 1,791,742 1,766 1,766 599,886 528,138 INVESTMENTS HELD BY OTHER ORG 0 2,514 MINIMUM LEASE PAYMENTS REC. 0 52,269,093 107,040 107,040 BOND ISSUANCE COSTS TRAVEL & ENTERTAIN. ADVANCES LIFE INSURANCE VALUE OF TAX ABATEMENT OTHER ASSETS EQUITY INTEREST IN AZTE EQUITY VALUE OF ARIZONA COUNTRY CLUB MEMBERSHIP Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Other Changes in Net Assets Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Description UNREALIZED GAIN ON INVESTMENTS CHANGE IN VALUE OF SPLIT-INT AGREEMENTS UNREALIZED GAIN ON MORRISON LAND CHANGE IN VALUE OF INTEREST RATE SWAP CHANGE IN VALUE OF BRICKYARD INVESTMENT Amount 43,559,188 561,077 2,551,709 591,930 11,101,449 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Other Expenses Not Included Schedule Name: EIN: Description INVESTMENT MANAGEMENT FEES BRICKYARD RENTAL EXPENSE Arizona State Umversnty Foundation 86-6051042 Amount 768,877 2,590,564 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Other Liabilities Schedule Name: EIN: Description SPLIT-INTEREST AGREEMENTS Arizona State Umversnty Foundation 86-6051042 Beginning of Year Amount End of Year Amount 5,090,919 5,066,305 ASSETS MANAGED IN TRUST-ASU 64,135,420 72,821,638 INTEREST RATE SWAP LIABILITY 1,133,823 1,725,753 0 13,547,302 ASSETS MANAGED FOR ALUMNI ASSN Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN:93490136012928I TY 2006 Other Revenues Included Schedule Name: EIN: Description AGREEMENTS Arizona State Umversnty Foundation 86- 6051042 Amount 561,077 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Other Revenues Not Included Schedule Name: EIN: Description INVESTMENT MANAGEMENT FEES BRICKYARD RENTAL EXPENSE Arizona State Umversnty Foundation 86-6051042 Amount 768,877 2,590,564 Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Tax-Exempt Bond Liabilities Schedule Name: EIN: Arizona State Umversnty Foundation 86-6051042 Item No. 1 Name of Issue Purpose 2003 LEASE REVENUE BONDS-BUILDING CONSTRUCTION Amount Outstanding 47600000 Unexpeded Bond Proceeds 2679087 Third Party Use Yes 4.8 % Space Percentage Maturity Date Repayment Terms 2034-07 INTEREST SEMI-ANNUAL Interest Rate Security FOUNDATION'S HEADQUARTERS-OFFICE BLDG. Item No. 2 Name of Issue Purpose 2004 REVENUE BONDS-BUILDING ACQUISITION Amount Outstanding 22420000 Unexpeded Bond Proceeds 783299 Third Party Use Yes Space Percentage Maturity Date Repayment Terms 0 0/o 2034-07 INTEREST MONTHLY Interest Rate Security 250 0/o BRICKYARD BLDG. AND PARKING STRUCTURE Item No. 3 Name of Issue Purpose 2006 CAPITAL LEASE-COMPUTER SYSTEM Amount Outstanding 2800128 Unexpeded Bond Proceeds 1039605 Third Party Use Space Percentage Maturity Date Repayment Terms Interest Rate Security Yes 0 0/o Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928] TY 2006 Other Income Schedule Name: EIN: Description OTHER ADMINISTRATIVE SVS Arizona State Umversnty Foundation 86-6051042 2003 2002 2001 2000 Total 0 1,993,301 1,611,366 4,167,342 7,772,009 OTHER INCOME 1,054,892 5,812,290 1,354,220 3,481,594 11,702,996 SVC FEE FROM UNIVERSITY 8,860,437 4,736,600 2,176,000 0 15,773,037 10,020,172 0 2,391,041 0 12,411,213 MANAGEMENT FEES _m=_m 933.3 .91.: - 00 204 uzonmmm .5 3.3 9.8 - _ 2.2" 3333333. ._.< Moom mm: Umm=3n mfimumamsn 2min" mHz" Esm 2:359. Mn >2Nosm mflmflm c2519? mocsamco: 3-8303 mxu_m:m:o: ._.Im H2_u_u >2_U >mmOnH>._.mm _<_>2>mmm 412mm 202-_uOO_um_U mZUO<<_<_m2._. >nnOC2._.m mow ._.Im _uOC2_U>._.H02. mO>NU Zmme? I>Nfl< _u>_u_uc Hm ._.Im _<_>2>mH20 _u>x._.2_mx O_u ._.Im H2<< 323 O_u umZZHZOW m4xOcmm\ m>_u_<_02 UNOr mmN._.H02. mO>NU Zmme? HOIZ OINHm._.H>2\ Hm > _u>x._.2_mx O_u ._.IHm ENE. m>2_A O_u >Zman> I>m >2 H2._.mxmm._. W>._.m m<<>_u >mxmm2m2._. <mC _uOC2_U>._.H02 4.120le H._.m mcmmHUH>N< >mC_u manx<>xp Elm. mO>NU Zmme? _u>._.NHnH> m._.>N_A\ Hm >2 OmmHnmN O_u ._.IHm m>2_A. Line Number Explanation 2d SEE 990, PART Iefile GRAPHIC print - DO NOT PROCESS As Filed Data - DLN: 93490136012928 Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing. TY 2006 Supplemental Support Schedule Name: EIN: Membership Fees Received Arizona State Umversnty Foundation 86-6051042 Year Gifts, Grants and Contributions Received Gross Receipts From Admissions, Etc. Gross Invstment Income And Post 1975UBI Net UBI Pre 1975 Tax Revenues Levied For Organization's Benefit Value Of Services, Facilities Furnished By Government Other Income Total 2006 105,587,817 7,567,661 10,223,014 19,935,501 143,313,993 2004 65,281,299 7,557,469 37,769,919 12,542,191 123,150,878 2003 47,957,938 3,552,968 4,978,900 7,532,627 64,022,433 2002 32,723,827 4,810,465 5,800,540 7,648,936 50,983,768