2024-07-29T15:12:11-05:00 2024-03-31 410746749 CLIFTONLARSONALLEN LLP 4501 TAMIAMI TRAIL NORTH SUITE 200 NAPLES FL 341033548 990 2023-04-01 261591757 FLORIDA SOUTHWESTERN STATE COLLEGE FINANCING CORPORATION FLOR 2394899091 8099 COLLEGE PARKWAY FORT MYERS FL 33919 GINA B DOEBLE TREASURER 2394899091 2024-07-22 1 0 AMELIA COOPER P00437898 2392628686 2024-07-02 2023 2024-08-08 14:25:15Z JEFF ALLBRITTEN 8099 COLLEGE PARKWAY FORT MYERS FL 33919 9319760 0 X N/A X 2007 FL TO RECEIVE, HOLD, INVEST, AND ADMINISTER REAL ESTATE PROPERTY,INCLUDING PROVIDING STUDENT HOUSING. 7 6 3 9 0 0 9388414 410901 2832395 2941498 95257 454555 0 0 12316066 3806954 275000 22125 0 0 0 0 0 0 0 2630093 3221085 2905093 3243210 9410973 563744 36593436 36383602 19269886 18422248 17323550 17961354 TO RECEIVE, HOLD, INVEST, AND ADMINISTER REAL ESTATE PROPERTY INCLUDING PROVIDING STUDENT HOUSING, PARKING, AND OTHER IMPROVEMENTS AND TO MAKE EXPENDITURES TO/FOR THE EXCLUSIVE BENEFIT OF FLORIDA SOUTHWESTERN STATE COLLEGE. 0 0 2959474 22125 2941498 THE PURPOSES OF THE FINANCING CORPORATION ARE TO (I) PROVIDE HOUSING OPPORTUNITIES FOR THE STUDENTS OF THE COLLEGE; (II) TO FINANCE CAPITAL PROJECTS TO MEET CURRENT AND FUTURE NEEDS OF THE COLLEGE, SUCH AS STUDENT HOUSING, PARKING FACILITIES, AND/OR OTHER IMPROVEMENTS; (III) MANAGE AND INVEST FUNDS HELD BY IT, OR (IV) ANY OTHER PROPER ACTIVITY OF FLORIDA SOUTHWESTERN STATE COLLEGE. 2959474 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X GINA DOEBLE CPA 2394899091 8099 COLLEGE PARKWAY FORT MYERS FL 33919 JEFFERY ALLBRITTEN DA PRESIDENT 3.00 37.00 X X 0 485945 373167 JOE COLEMAN SECRETARY 3.00 37.00 X X 0 198235 40785 MARY LEE MANN CHAIR 1.00 0.00 X X 0 0 0 ROBERT BOB JONES VICE-CHAIR 1.00 0.00 X X 0 0 0 JOHN NOLAND DIRECTOR 1.00 0.00 X 0 0 0 RANDALL T PARRISH JR DIRECTOR 1.00 0.00 X 0 0 0 SANKEY EDDIE WEBB III DIRECTOR 1.00 0.00 X 0 0 0 TRISTAN TRIS CHAPMAN DIRECTOR 1.00 0.00 X 0 0 0 GINA B DOEBLE CPA TREASURER 5.00 35.00 X 0 214268 57934 0 898448 471886 0 0 1 0 SKANSKA USA BUILDING INC 5237 SUMMERLIN COMMONS BLVD FORT MYERS FL 33907 CONSTRUCTION 181772 ABM INDUSTRY GROUPS LLC P O BOX 534198 ATLANTA GA 30353 MAINTENANCE 156563 SHAW INDUSTRIES INC PO BOX 2128 MAIL DROP UA-A DALTON GA 30721 CONSTRUCTION 155996 3 410901 410901 STUDENT HOUSING RENTAL INCOME 531110 2751738 2751738 SERVICE FEES 531110 189760 189760 2941498 400406 400406 5566955 5512806 54149 54149 54149 3806954 2941498 0 454555 X 22125 22125 461 400 61 37947 37947 32533 32533 568719 490635 78084 26842 26842 733489 598399 135090 3300 3300 9224 9224 548834 548834 1025290 1025290 50984 50984 REPAIRS AND MAINTENANCE 151247 151247 CONSTRUCTION/MAINT MATE 32215 32194 21 3243210 2959474 283736 0 3483519 5649550 5596403 3524771 77839 64291 52383 145958 26806072 7478377 20171132 19327695 7212160 7671337 36593436 36383602 119627 144286 337872 303324 18627201 17797698 185186 176940 19269886 18422248 X 17323550 17961354 17323550 17961354 36593436 36383602 563744 74060 0 X 0 1 X 1 0 X 596156 631156 1614938 9388414 410901 12641565 596156 631156 1614938 9388414 410901 12641565 12641565 131802 99859 90874 206581 400406 929522 13571087 12728389 0.93150 0.95120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26727187 7399492 19327695 78885 78885 0 19327695 INTEREST PAYABLE 176940 176940 X 3881014 74060 74060 3806954 0 3806954 3243210 0 3243210 0 3243210 PART X, LINE 2: NO PROVISION FOR INCOME TAX EXPENSE HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS SINCE THE FINANCING CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FINANCING CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND ALTHOUGH IT HAS NOT BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PRIVATE FOUNDATION UNDER SECTION 509(A)(2), IT HAS BEEN CLASSIFIED AS A CORPORATION UNDER SECTION 509(A)(3). 0 FLORIDA SOUTHWESTERN STATE COLLEGE 8099 COLLEGE PARKWAY FORT MYERS FL 33919 591211051 N/A 22125 0 N/A N/A HURRICANE IAN ASSISTANCE FOR STUDENTS 1 0 0 0 0 0 0 0 0 0 0 JEFFERY ALLBRITTEN DA PRESIDENT 0 341992 0 94725 0 49228 0 227815 0 145352 0 859112 0 0 GINA B DOEBLE CPA TREASURER 0 192305 0 17163 0 4800 0 35020 0 22914 0 272202 0 0 JOE COLEMAN SECRETARY 0 184593 0 8642 0 5000 0 30507 0 10278 0 239020 0 0 PART I, LINE 3 THE RELATED ENTITY, FLORIDA SOUTHWESTERN STATE COLLEGE, USES AN ANNUAL COMPENSATION STUDY TO ESTABLISH THE COMPENSATION FOR ITS PRESIDENT, AND THE COMPENSATION IS APPROVED BY THE BOARD. THE PRESIDENT HAS A WRITTEN EMPLOYMENT CONTRACT. A FSW STATE COLLEGE FINANCING CORP 2017 SERIES A 261591757 2017-12-21 10000000 SEE PART VI, SUPPLEMENTAL INFORMATION 0 0 0 B FSW STATE COLLEGE FINANCING CORP 2017 SERIES B 261591757 2017-12-21 10000000 SEE PART VI, SUPPLEMENTAL INFORMATION 0 0 0 C FSW STATE COLLEGE FINANCING CORP 2017 SERIES C 261591757 2017-12-21 2879067 SEE PART VI, SUPPLEMENTAL INFORMATION 0 0 0 A 2220967 10000000 10000000 2012 1 0 1 1 B 2220967 10000000 10000000 2012 1 0 1 1 C 639435 2879067 2879067 2012 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 1 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 2 JEFF ALLBRITTEN AND GINA DOEBLE HAVE BUSINESS RELATIONSHIPS, AS THEY ARE DIRECTORS, OFFICERS, OR KEY EMPLOYEES OF FLORIDA SOUTHWESTERN STATE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B AMOUNTS FROM THE FORM 990 DRAFT ARE VERIFIED AGAINST FINANCIAL STATEMENTS, W2, AND COMPENSATION INFORMATION PROVIDED TO CLA DURING PREPARATION OF THE IRS 990 REPORT. IF THERE ARE ANY VARIANCES BETWEEN FSW FINANCIAL RECORDS AND THE FORM 990 DRAFT, FSW FINANCE PERSONNEL GETS CLARIFICATION FROM CLA AND INFORMATION IS UPDATED IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C ALL VOTING BOARD MEMBERS MUST COMPLETE AND SIGN THE CONFLICT OF INTEREST POLICY EACH YEAR. VOTING MEMBERS WHO HAVE A CONFLICT OF INTEREST DURING MEETINGS ARE EXCLUDED FROM VOTING ON THE ISSUE AT HAND. IN THE GENERAL COUNSEL'S OFFICE WE ANNUALLY COLLECT THE CONFLICT OF INTEREST STATEMENTS FOR THE MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE FLORIDA SOUTHWESTERN FINANCING CORPORATION. UPON SUBMISSION WE REVIEW THE COMPLETED DOCUMENTS. TO DATE WE HAVE NOT ENCOUNTERED ANY POTENTIALLY DISQUALIFYING CONFLICTS OF INTEREST. WERE WE TO ENCOUNTER A POTENTIALLY DISQUALIFYING CONFLICT OF INTEREST, WE WOULD EVALUATE THE NATURE AND EXTENT OF THE CONFLICT TO DETERMINE AN APPROPRIATE RESPONSE. FORM 990, PART VI, SECTION B, LINE 15 THE ENTITY DOES NOT DIRECTLY EMPLOY ANY INDIVIDUALS. INDIVIDUALS ARE EMPLOYED BY THE COLLEGE. COMPENSATION IS ESTABLISHED BY THE RELATED ORGANIZATION THROUGH THE WAGE AND COMPENSATION SCHEDULE. BOARD MEMBERS/OFFICERS ARE NOT COMPENSATED. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 460,399. MANAGEMENT AND GENERAL EXPENSES 78,084. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 538,483. OTHER SERVICES- NON-CONTRACTED: PROGRAM SERVICE EXPENSES 30,236. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,236. FLORIDA SOUTHWESTERN STATE COLLEGE 8099 COLLEGE PARKWAY FORT MYERS FL 33919 591211051 STATE COLLEGE FL N/A 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 FLORIDA SOUTHWESTERN STATE COLLEGE C 10901 CASH FLORIDA SOUTHWESTERN STATE COLLEGE K 400000 CASH FLORIDA SOUTHWESTERN STATE COLLEGE O 462000 CASH FLORIDA SOUTHWESTERN STATE COLLEGE P 239171 CASH FLORIDA SOUTHWESTERN STATE COLLEGE B 22125 CASH