2022-03-07T15:53:06-06:00 2021-09-30 454084437 WARREN AVERETT LLC 3815 INTERSTATE CT MONTGOMERY AL 36109 990 2020-10-01 636067755 TROY UNIVERSITY FOUNDATION TROY 3346703000 ADAMS ADMINISTRATION BLDG NO 241 TROY STATE UNIVERSITY AL 36082 DR JAMES BOOKOUT TREASURER 3346703000 2022-02-15 1 DR JAMES BOOKOUT 999009999 JERI GROCE P01333499 3342712200 2022-02-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR JAMES BOOKOUT 241 ADAMS ADMINISTRATION TROY AL 36082 20875575 0 X WWW.TROY.EDU/DEVELOPMENT/FOUNDATION X 1968 AL SUPPORT OF TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI 21 21 0 0 291858 108461 5497759 9519124 1065948 0 1356088 1592776 4330739 3124995 12250534 14236895 8979688 3863655 0 0 0 0 0 0 108546 3206679 2705754 12186367 6569409 64167 7667486 224346986 251536204 125064640 136559171 99282346 114977033 TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE. 0 0 5138530 3863655 2820575 SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 100,000 ALUMNI. 5138530 1 1 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 34 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 AL X X DR JAMES BOOKOUT 3346703108 ADAMS ADMINISTRATION BUILDING TROY AL 36082 X DR JAMES R ANDREWS EMERITUS 1.00 X 0 0 0 DR JAMES BOOKOUT JR TREASURER 1.00 X X 0 0 0 KAREN CARTER BOARD MEMBER 1.00 X 0 0 0 JEFFREY COLEMAN CHAIR 1.00 X X 0 0 0 ROY DRINKARD BOARD MEMBER 1.00 X 0 0 0 DR JEFFREY DUGAS BOARD MEMBER 1.00 X 0 0 0 JOHN R FERGUSON BOARD MEMBER 1.00 X 0 0 0 MAJOR GEN WALTER GIVHAN EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 DR JACK HAWKINS JR PRESIDENT 1.00 X X 0 0 0 RONI HOLLEY ALUMNI BOARD PRESIDENT 1.00 X 0 0 0 HORACE HORN JR BOARD MEMBER 1.00 X 0 0 0 LARRY HUGHES VICE-CHAIR 1.00 X X 0 0 0 DR EARL JOHNSON BOARD MEMBER 1.00 X 0 0 0 DR MANLEY JOHNSON BOARD MEMBER 1.00 X 0 0 0 BILLY JONES BOARD MEMBER 1.00 X 0 0 0 JEFFREY KERVIN BOARD MEMBER 1.00 X 0 0 0 DAVID MALLACH BOARD MEMBER 1.00 X 0 0 0 DOUG MIMS BOARD MEMBER 1.00 X 0 0 0 RANDALL MOORE BOARD MEMBER 1.00 X 0 0 0 CLAUDENCE NICHOLS BOARD MEMBER 1.00 X 0 0 0 LEWIS RUSHING BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 OUTFRONT MEDIA SPORTS INC PO BOX 33074 NEWARK NJ 07188 SPORTS MANAGEMENT 264302 1 132496 9386628 839004 9519124 699383 699383 483333 191475 291858 291858 291858 7227777 6334384 893393 893393 893393 125383 132496 112821 12562 12562 OTHER INCOME 900099 2820575 2820575 2820575 14236895 2820575 291858 1605338 3863655 3863655 63814 63814 78854 36719 32682 9453 21642 10400 11242 6216 6151 65 164745 86337 52136 26272 58617 58617 363861 363861 CONTRACT SERVICES 1069952 597421 470249 2282 BAD DEBT 304948 294535 10413 DONATION EXPENSE 114301 89403 24898 GIFTS AND AWARDS 86872 34371 35323 17178 371932 119538 199033 53361 6569409 5138530 1322333 108546 197663 191842 30743523 25578224 2606107 3894678 5135299 151875 0 6300000 24441831 3526405 20878791 20915426 162522816 191539691 2262787 2964468 224346986 251536204 842695 1171864 2445784 2834964 110572811 129308880 11072812 3104829 130538 138634 125064640 136559171 X 14546207 36088912 84736139 78888121 99282346 114977033 224346986 251536204 X 7667486 7934385 92816 X X 0 1 X 1 0 X 4345636 6981180 7574720 5583395 9519124 34004055 4345636 6981180 7574720 5583395 9519124 34004055 859734 33144321 2386632 2583738 2355697 1950590 699383 9976040 208831 198446 221281 236828 291858 1157244 45137339 0.73430 0.66930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5886474 X 0 0 1 X 56336770 2091516 10299581 792186 67935681 48505397 1053366 7807677 525840 470646 33184 56336770 46702869 652124 2161093 52741 957948 48505397 42521525 1367313 4028138 52479 179872 981756 46702869 46795274 660098 4105998 8249139 790706 42521525 0.07000 0.93000 0.00000 0 0 222898 1234960 1457858 11761392 65140 11696252 4984899 3302691 1682208 351208 158574 192634 5886474 5886474 20915426 GIFT ANNUITY LIABILITY 138634 138634 X 22568393 7934385 304297 8238682 14329711 -92816 -92816 14236895 6873706 304297 304297 6569409 0 6569409 PART III, LINE 4: THE FOUNDATION HAS COLLECTIONS OF ARTWORK THAT ARE USED TO SUPPORT TROY UNIVERSITY STUDENTS, FACULTY, STAFF AND ALUMNI BY CREATING EDUCATIONAL OPPORTUNITIES AND TO HEIGHTEN UNDERSTANDING AND APPRECIATION OF THE VISUAL WORLD. TROY UNIVERSITY HAS CREATED AN ART MUSEUM WHERE THESE WORKS OF ART WILL BE DISPLAYED. PART IV, LINE 2B: THE FOUNDATION SERVES AS CUSTODIAN FOR A TITLE III GRANT FOR THE DOTHAN CAMPUS OF TROY UNIVERSITY TOTALING $1,146,316. TROY UNIVERSITY TRANSFERRED FUNDS TO THE FOUNDATION FOR INVESTMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2021 WAS $127,101,998. CENTER SERVICES, INC. (CSI) INVESTED $626,700 IN THE FOUNDATION'S POOLED ENDOWMENT. THE TOTAL BALANCE AT SEPTEMBER 30, 2021 WAS $883,962. PART V, LINE 4: THE FOUNDATION ESTABLISHES ENDOWED FUNDS TO SUPPORT DONOR(S) PURPOSES IN PERPETUITY. GIFTS OF CASH OR CASH GENERATED FROM CONVERSION OF A NON-CASH ASSET ARE INVESTED IN THE TROY FOUNDATION ENDOWED INVESTMENT POOL. IT IS THE GOAL OF THE FOUNDATION ENDOWMENT INVESTMENT POLICY TO PROVIDE A REAL TOTAL RETURN FROM ASSETS INVESTED THAT WILL PRESERVE AND INCREASE THE PURCHASING POWER OF THE ENDOWMENT CAPITAL, WHILE GENERATING THE MAXIMUM YIELD TO SUPPORT THE ACTIVITIES OF THE FUNDS HELD FOR THE COLLEGES, SCHOOLS, DEPARTMENTS, UNITS AND PROGRAMS OF THE UNIVERSITY. PART X, LINE 2: THE FOUNDATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CERTAIN TYPES OF INCOME MAY BE SUBJECT TO TAX FROM UNRELATED BUSINESS INCOME AS DEFINED BY THE TAX CODE. AT TIMES, THE FOUNDATION RECEIVES ROYALTY AND OTHER INCOME THAT MAY BE TAXABLE. DURING FISCAL YEARS 2021 AND 2020, THE FOUNDATION PAID APPROXIMATELY $15,400 AND $35,000 IN UNRELATED BUSINESS INCOME TAX FOR TAXABLE INCOME GENERATED IN FISCAL YEARS 2021 AND 2020, RESPECTIVELY. THE FOUNDATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. AS OF SEPTEMBER 30, 2021 AND 2020, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 112,821. RENTAL EXPENSES 191,476. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISTRIBUTIONS FROM PERPETUAL TRUST -43,127. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -49,689. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 112,821. RENTAL EXPENSES 191,476. HIGH SCHOOL SEUS 5105 5105 2226 131 225 FOOTBALL KICKOFF PARTY 62315 62315 11000 12882 335 7 190459 132496 57963 15233 38063 21282 11444 257879 132496 125383 11000 17459 51076 21282 12004 112821 12562 1 TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 1579767 ATHLETIC DEPARTMENT TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 1126812 OTHER EXPENSES TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 230380 EMINENT SCHOLAR PROFESSORSHIPS TROY UNIVERSITY TROY MAIN CAMPUS TROY AL 36082 636001102 115 926696 STUDENT SCHOLARSHIPS 1 PART I, LINE 2: THE FOUNDATION PRESIDENT, FOUNDATION VICE PRESIDENT, AND FOUNDATION TREASURER ARE RESPONSIBLE FOR DISBURSEMENTS OF FUNDS. FINAL EXPENDITURE OF FOUNDATION FUNDS REQUIRES THE APPROVAL OF THE FUND ADMINISTRATOR, FOUNDATION ACCOUNTING COORDINATOR, AND DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING FOR DISBURSEMENTS OF $500 OR LESS. FOR DISBURSEMENTS OVER $500, THE APPROVAL OF THE FUND ADMINISTRATOR, DIRECTOR OF NOT-FOR-PROFIT ACCOUNTING, FOUNDATION PRESIDENT, AND FOUNDATION TREASURER IS REQUIRED. X 30 705950 APPRAISAL X ART AND BOOKS 29 103250 APPRAISAL X EQUIPMENT 1 29204 APPRAISAL X DRONES 2 600 APPRAISAL 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 DR. JAMES BOOKOUT, DR. JACK HAWKINS, AND MAJOR GEN. WALTER GIVHAN - BUSINESS RELATIONSHIP DR. JAMES ANDREWS AND DR. JEFFREY DUGAS - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER, VICE PRESIDENT, AND SECRETARY OF THE FOUNDATION REVIEWED THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 49,689. BENEFICIAL INTEREST IN TRUSTS 43,127. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SORRELL SOLUTIONS LLC 241 ADAMS ADMINISTRATION BUILDING TROY AL 36079 474977833 ADMINISTRATIVE SERVICES AL 104997 104024 TROY UNIVERSITY FOUNDATION