2022-04-14T12:23:06-05:00 2021-06-30 591363792 KEEFE MCCULLOUGH & CO LLP CPA'S 6550 N FEDERAL HIGHWAY SUITE 410 FT LAUDERDALE FL 33308 990 2020-07-01 590917284 FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC FLOR 5612972891 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 CHRISTOPHER DELISIO CEO 5612972891 2022-04-14 1 CHRISTOPHER DELISIO 999009999 WILLIAM T JOHNSON P01959117 9547710896 2022-04-14 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRSITOPHER DELISIO 777 GLADES ROAD ADM 295 BOCA RATON FL 33431 321321040 0 X HTTP://FAUF.FAU.EDU X 1960 FL TO SUPPORT FLORIDA ATLANTIC UNIVERSITY. 25 23 0 37 0 0 12374028 35686243 1113336 263948 23894428 7398279 1194620 867368 38576412 44215838 9057342 7833402 0 0 5832228 5726030 239718 91200 497478 16375369 8597110 31504657 22247742 7071755 21968096 305932413 393420422 9619075 8152671 296313338 385267751 X THE MISSION OF THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC. IS TO ENCOURAGE, PROMOTE, AND PROVIDE FUNDS AND OTHER RESOURCES FOR THE BENEFIT OF FLORIDA ATLANTIC UNIVERSITY (A PART OF THE FLORIDA STATE UNIVERSITY SYSTEM)...CONTINUED ON SCHEDULE OIN FURTHERANCE OF ITS MISSIONS AND PURPOSES AND TO SECURE THE APPLICATION OF THESE FUNDS IN THE BEST MANNER ADAPTED TO THE CONDITIONS OF TIME AND TO THE NEEDS OF FAU. 0 0 6619492 6619492 0 PROVIDED OVER 1,536 STUDENTS WITH SCHOLARSHIPS FROM DONATED GIFTS. 4608883 PROVIDED SUPPORT FOR THE SALARIES OF THE UNIVERSITY'S EMINENT SCHOLARS, PROFESSORS, AND OTHER FACULTY AND STAFF. 8647535 1213910 321305 PROVIDED GENERAL SUPPORT TO THE FLORIDA ATLANTIC UNIVERSITY IN THE FORM OF PAYMENTS SUCH AS BUT NOT LIMITED TO GUEST LECTURERS, OPERATIONAL AND CONFERENCE EXPENSES, TRAVEL, CONSULTING, AND EVENTS. 19875910 1 1 0 1 0 0 1 1 1 1 1 1 0 0 1 0 1 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 112 0 1 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 X 25 23 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X STACEY BELL 5612972891 777 GLADES ROAD BOCA RATON FL 33431 DR JOHN KELLY UNIVERSITY PRESIDENT/EX-OF 0.50 40.00 X 0 578073 46333 STEVE SCHMIDT CHAIR 2.00 X X 0 0 0 BRIAN POULIN VICE CHAIR/TREASURER 2.00 X X 0 0 0 DR PHYLLIS GLADSTEIN SECRETARY 2.00 X X 0 0 0 STEWART I MARTIN IMMEDIATE PAST CHAIR 1.00 X 0 0 0 PATRICIA MCKAY BOARD MEMBER 1.00 X 0 0 0 ZACHARY BERG BOARD MEMBER 0.50 X 0 0 0 ARLENE KLEPPER BOARD MEMBER 0.50 X 0 0 0 BRUCE ALLEN BOARD MEMBER 0.50 X 0 0 0 MICHAEL KAUFMAN BOARD MEMBER 0.50 X 0 0 0 RAPHAEL CARDOZO BOARD MEMBER 0.50 X 0 0 0 MELISSA MILLER BOARD MEMBER 0.50 X 0 0 0 PETER MOORE BOARD MEMBER 0.50 X 0 0 0 PAUL PAGNATO JR BOARD MEMBER 0.50 X 0 0 0 WILLIAM E MORRIS BOARD MEMBER 0.50 X 0 0 0 SALLY ROWLEY-WILLIAMS BOARD MEMBER 0.50 X 0 0 0 MAURICE PLOUGHJR BOARD MEMBER 0.50 X 0 0 0 MICHAEL MILLER BOARD MEMBER 0.50 X 0 0 0 SUSAN SKEMP BOARD MEMBER 0.50 X 0 0 0 ETTORE VENTRICE BOARD MEMBER 0.50 X 0 0 0 JAY WEINBERG BOARD MEMBER 0.50 X 0 0 0 CHERYL WILKE BOARD MEMBER 0.50 X 0 0 0 KEITH ARNOLD LIMITED PURPOSE BOARD MEMB 0.10 X 0 0 0 RICHARD ETNER LIMITED PURPOSE BOARD MEMB 0.10 X 0 0 0 ABDOL MOABERY EX-OFFICIO VOTING BOARD ME 0.50 X 0 0 0 DANITA NIAS CEO 40.00 X 0 346644 98212 STACY L SEMMEL CFO 40.00 X 0 189335 34909 DAVID S GREEN ASSISTANT VP OF DEVELOPMEN 40.00 X 0 218258 37414 KERRY KRUCKEL ASSISTANT VP OF ADVANCE 40.00 X 0 202745 17488 KELLY KIRKPATRICK-MARMOL DIRECTOR OF ADVANCEMENT 40.00 X 0 182052 34282 MICHAEL O MILLER DIRECTOR OF ADVANCEMENT 40.00 X 0 176883 33835 KRISTINA GREGG EXECUTIVE DIRECTOR 40.00 X 0 171711 23419 MICHAEL D'EUGENIO DIRECTOR OF ADVANCEMENT, STUDENT AFFAIRS 40.00 X 0 171711 23419 SHARON N BROWN FORMER CFO 40.00 X 0 122144 37345 0 2359556 386656 0 1 1 0 FUND EVALUATION GROUP 201 EAST 5TH STREET STE 1600 CINCINNATI OH 45202 INVESTMENT ADVISORY SERVICE 272163 CAREY CYNTHIA WAGNER 314 CLINTON AVE 4A BROOKLYN NY 11205 CONSULTANT 100640 2 78001 195837 1479050 33933355 485824 35686243 SPONSORSHIP REVENUE 900099 159650 159650 OTHER PROGRAM SERVICE 900099 49392 49392 COMMUNITY PROGRAMS 900099 48582 48582 ACADEMIC PROGRAMS 900099 6324 6324 263948 1030179 1030179 67097 67097 1070558 0 1070558 1070558 1070558 283144801 276776701 6368100 6368100 6368100 857 195837 328501 -327644 -327644 OTHER INCOME 900099 57357 57357 57357 44215838 321305 0 8208290 7751127 7751127 82275 82275 728719 728719 3891335 3880164 3289 7882 484855 484855 267687 267687 353434 351788 183 1463 114221 114221 1000 1000 72943 72943 247640 247640 91200 91200 913423 913423 2146643 1688877 363414 94352 167765 167765 916543 769148 87708 59687 456825 282572 97734 76519 -48166 -48166 728230 728230 98833 99180 416 -763 61258 58826 2370 62 239975 239975 919026 919026 756 756 52817 18858 33932 27 MEALS AND SPONSORSHIPS 754728 719877 4078 30773 MISCELLANEOUS 629216 320567 172540 136109 EQUIPMENT PURCHASED OR 105372 105372 EVENT HOSTED 18062 10792 7103 167 22247742 19875910 1874354 497478 1774298 5681734 14890200 41529086 15122013 23782205 391863 205219 4473639 32871 4441524 4440768 166506855 193554149 78712823 100631851 5587000 5028000 18505837 18567410 305932413 393420422 1798861 875586 1556462 1506633 37201 33642 6226551 5736810 9619075 8152671 X 31652765 40451910 264660573 344815841 296313338 385267751 305932413 393420422 21968096 66986317 0 X X 0 1 X 1 0 X 32212714 30026147 32774778 12374028 35686243 143073910 4608569 5165012 88949 9862530 36821283 35191159 32863727 12374028 35686243 152936440 13077230 139859210 5388011 6122108 6062507 5580196 2167834 25320656 144788 100214 302809 23165 57357 628333 178885429 6692955 0.78180 0.75450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 144,788. 2017 AMOUNT: $ 100,214. 2018 AMOUNT: $ 302,809. 2019 AMOUNT: $ 23,165. 2020 AMOUNT: $ 57,357. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 247640 247640 22000102 22247742 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 173476 265742 272459 247640 959317 250000 250000 250000 250000 1000000 1500000 X 1 5.00 1 0 X X 0 1 37201 3559 33642 1 X 222164147 7072475 74631244 2066791 3503616 3361902 294935557 227519618 3573786 1365733 2350103 4753149 3191738 222164147 228162005 4259102 8746407 2187250 8393718 3066928 227519618 215954276 7935963 16324207 2395900 6149150 3507391 228162005 194755297 6686363 22794026 2263085 3116008 2902317 215954276 0.01000 0.60000 0.39000 1 0 4439639 4439639 34000 32871 1129 4440768 ALTERNATIVE INVESTMENTS (HEDGE FUNDS,REAL ASSET FUNDS AND PRIVATE EQUITIES) 100631851 F 100631851 CERTIFICATES OF PARTICIPATION 5028000 ANNUITIES PAYABLE 272100 SPLIT INTEREST TRUSTS 436710 5736810 X 111016944 66986317 328501 67314818 43702126 513712 513712 44215838 22062531 328501 328501 21734030 513712 513712 22247742 PART II, LINE 9: IN THE ORGANIZATION'S BALANCE SHEET AS LAND. PART III, LINE 4: THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION'S COLLECTION OF ART IS SUBSTANTIALLY A COLLECTION OF OIL PAINTINGS DEPICTING THE FLORIDA LANDSCAPE, ESPECIALLY IN THE SOUTHERN REGION OF FLORIDA. THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION ALSO HAS RUSSIAN PRINTS, BRONZE STATUES AND COLLECTIONS OF GLASS AND MODEL SHIPS. THEIR HISTORICAL TREASURES INCLUDE BOOKS AND ARTIFACTS FROM THE HOLOCAUST AND OTHER RARE BOOKS. ALL OF THE PIECES IN THE COLLECTION PROVIDE AN AESTHETIC VIRTUE TO THEIR WORK AND LEARNING ENVIRONMENT, WHILE ENCOURAGING AN INTEREST IN THE FINE ARTS AND ITS HISTORY. PART IV, LINE 2B: THE FOUNDATION COLLECTS REVENUE FOR ATHLETIC TICKETS, PARKING AND FOOD CONCESSIONS ON BEHALF OF THE UNIVERSITY ATHLETIC DEPARTMENT. PART X, LINE 2: MANAGEMENT AND THE BOARD HAVE EVALUATED UNRELATED BUSINESS INCOME TAX IMPLICATIONS AND BELIEVE THAT THE EFFECTS, IF ANY, ARE IMMATERIAL TO THE FOUNDATION'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSE 328,501. COST OF GOODS SOLD TICKET PURCHASED PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 328,501. COST OF GOODS SOLD TICKET PURCHASED EUROPE 0 0 CONFERENCES AND RESEARCH. 14069 0 0 0 0 0 0 14069 0 14069 0 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X 1 AL AR CT GA HI IL MS MO NM PA RI TN VA AK CA CO KY ME MD MA MI MN NH NJ NY ND OH OR SC UT WA WI GOLF TOURNAMENT 113119 112262 857 61032 CAPTAIN'S CUP 43150 43150 14994 40425 40425 252475 196694 195837 857 328501 328501 -327644 1 FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 501(C)(3) 6619492 STUDENT SCHOLARSHIPS WOODS HOLE OCEANOGRAPHIC INSTITUTION 266 WOODS HOLE ROAD MS40 WOOD HOLE MA 02543 042105850 501(C)(3) 15000 STUDENT SCHOLARSHIPS UNIVERSITY OF VIRGINIA PO BOX 400195 CHARLOTTESVILLE VA 22904 546001796 501(C)(3) 15000 STUDENT SCHOLARSHIPS OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BLDG CORVALLIS OR 97331 611730890 501(C)(3) 15000 STUDENT SCHOLARSHIPS UNIVERSITY OF MARYLAND ATT JANICE OAKLEY 41010 CHESAPEAKE BLDG COLLEGE PARK MD 20742 526002033 501(C)(3) 15000 STUDENT SCHOLARSHIPS ENTREPRENEURIAL COMPETITION - SEED FUNDING 8 77500 PAYMENT AMOUNT PART I, LINE 2: THE FOUNDATION SENDS FUNDS TO THE UNIVERSITY FOR STUDENT SCHOLARSHIPS. THE UNIVERSITY DETERMINES THE SCHOLARSHIP RECIPIENTS ACCORDING TO DONOR SCHOLARSHIP CRITERIA. ALL QUALIFYING CRITERIA ARE LISTED ON THE AWARD SHEET AND SENT TO THE FOUNDATION. THE FUNDS ARE SENT TO THE UNIVERSITY AFTER THE OFFICE OF STUDENT FINANCIAL AID VERIFIES THE STUDENT'S STATUS. THE FOUNDATION HAS ACCESS TO STUDENT SCHOLARSHIP REPORTS AND WILL REQUEST REFUNDS FOR ANY SCHOLARSHIP NOT AWARDED DUE TO A CHANGE IN THE STUDENT'S STATUS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DR JOHN KELLY UNIVERSITY PRESIDENT/EX-OF 0 523334 0 50500 0 4239 0 25827 0 20506 0 624406 0 0 DANITA NIAS CEO 0 339569 0 0 0 7075 0 77654 0 20558 0 444856 0 0 DAVID S GREEN ASSISTANT VP OF DEVELOPMEN 0 217241 0 0 0 1017 0 18787 0 18627 0 255672 0 0 STACY L SEMMEL CFO 0 188276 0 0 0 1059 0 16282 0 18627 0 224244 0 0 KERRY KRUCKEL ASSISTANT VP OF ADVANCE 0 201724 0 0 0 1021 0 17445 0 43 0 220233 0 0 KELLY KIRKPATRICK-MARMOL DIRECTOR OF ADVANCEMENT 0 181035 0 0 0 1017 0 15655 0 18627 0 216334 0 0 MICHAEL O MILLER DIRECTOR OF ADVANCEMENT 0 175862 0 0 0 1021 0 15208 0 18627 0 210718 0 0 KRISTINA GREGG EXECUTIVE DIRECTOR 0 170690 0 0 0 1021 0 14761 0 8658 0 195130 0 0 MICHAEL D'EUGENIO DIRECTOR OF ADVANCEMENT, STUDENT AFF 0 170690 0 0 0 1021 0 14761 0 8658 0 195130 0 0 SHARON N BROWN FORMER CFO 0 118853 0 0 0 3291 0 18718 0 18627 0 159489 0 0 PART I, LINE 1A THESE ITEMS ARE ALLOWED FOR THE UNIVERSITY PRESIDENT ONLY FOR BONA FIDE BUSINESS PURPOSES ONLY. X 8 401243 AVERAGE HIGH LOW VALUE X ATHLETIC EQUIPMENT 1 33500 FAIR MARKET VALUE X LABORATORY EQUIPMENT 1 31900 FAIR MARKET VALUE X EVENT SUPPLIES 1 10978 FAIR MARKET VALUE X COMPUTER AND SOFTWARE EQUIPMENT 1 4276 FAIR MARKET VALUE X SUPPLIES 2 3927 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE FOUNDATION USES THE SERVICES OF A SEPARATE COMPANY TO HELP RUN OUR AUCTION, ADVERTISE ON A WEB-SITE AND PROCESS PAYMENTS FORM 990, PART VI, SECTION A, LINE 7B ALL BOARD MEMBER ELECTIONS MUST BE APPROVED BY FLORIDA ATLANTIC UNIVERSITY BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION BOARD HAS DELEGATED THE RESPONSIBILITY TO REVIEW AND APPROVE THE FORM 990 TO THE FOUNDATION'S AUDIT COMMITTEE. THE DRAFT FORM 990 WILL BE REVIEWED BY THE COMMITTEE AS WELL AS THE ASSISTANT VICE PRESIDENT OF FINANCE AND THE CHIEF EXECUTIVE OFFICER. THE FORM 990 WILL ALSO BE AVAILABLE FOR REVIEW TO ALL BOARD MEMBERS AND EACH BOARD MEMBER WILL BE ENCOURAGED TO GIVE THEIR INPUT DURING THE REVIEW PROCESS. AFTER THE REVIEW AND AFTER ALL QUESTIONS ARE SATISFACTORILY ANSWERED THE COMMITTEE WILL APPROVE THE SUBMISSION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND KEY PERSONNEL. THE BOARD AND KEY STAFF REVIEW THE POLICY AND REPORT CONFLICTS ANNUALLY. THE AUDIT COMMITTEE IS AWARE OF ALL REPORTED CONFLICTS. CONFLICTS ARE DETERMINED BY THE BOARD AND STAFF MEMBERS, AND CONFLICTS ARE DISCLOSED AT EACH COMMITTEE WHERE THE PROPOSED ACTION AND THE CONFLICT EXISTS. IF A BOARD MEMBER IS FOUND TO HAVE A CONFLICT THEY ARE ASKED TO DISCLOSE THE CONFLICT, RECUSE THEMSELVES FROM VOTE AND WHEN NECESSARY, LEAVE THE ROOM DURING THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR THE FOUNDATION ALSO HOLDS THE TITLE OF VP FOR INSTITUIONAL ADVANCEMENT FOR THE UNIVERSITY. ALTHOUGH THE FOUNDATION MEMBERS SIT ON THE COMMITTEE TO HIRE THIS PERSON, HE/SHE IS PAID BY THE UNIVERSITY. THEREFORE, A UNIVERSITY REPRESENTATIVE WHO DETERMINES THE FAIR COMPENSATION BY POLLING PEER INSTITUTIONS IN THE STATE ON THE MARKET RATE FOR THIS POSITION. THIS MEASURE OBTAINS THE SAME RESULT AS COMPARING THESE INSTITUTION'S FORM 990. THE FOUNDATION DOES NOT HAVE ANY OF ITS OWN EMPLOYEES, BUT RATHER SERVICES REQUIRED ARE PROVIDED BY THE UNIVERSITY. COMPENSATION DATA IS PERIODICALLY PROVIDED BY THE UNIVERSITY TO THE FOUNDATION RELATED TO THE PRESIDENT OF THE UNIVERSITY AND THE CEO OF THE FOUNDATION, BUT THE FOUNDATION'S RESPONSIBILITIES DO NOT EXTEND TO THE OVERSIGHT OF THE COMPENSATION OF THE EMPLOYEES OF THE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE FLORIDA ATLANTIC UNIVERSITY FOUNDATION MAKES THE FINANCIAL STATEMENTS AVAILABLE ON THEIR WEBSITE. THEY WILL PROVIDE A COPY OF THE FINANCIAL STATEMENTS AND/OR FORM 990 TO ANY PERSON REQUESTING A COPY. THE REQUEST CAN COME IN WRITING OR THROUGH A VERBAL INQUIRY. BOTH ARE AVAILABLE FOR INSPECTION AT THE OFFICE LOCATED AT 777 GLADES ROAD, ADMIN 295, BOCA RATON, FL. FORM 990,PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR. FLORIDA ATLANTIC UNIVERSITY 777 GLADES ROAD BOCA RATON FL 33431 650385507 PUBLIC UNIVERSITY FL 501(C)(3) LINE 2 0 FLORIDA ATLANTIC UNIVERSITY ALUMNI ASSOCIATION INC 777 GLADES ROAD BOCA RATON FL 33431 237015697 ALUMNI ASSOCIATION FL 501(C)(3) LINE 10 0 HARBOR BRANCH OCEANOGRAPHIC INSTITUTE FOUNDATION 5600 N US HWY 1 FORT PIERCE FL 34946 591644333 SUPPORT HARBOR BRANCH OCEANOGRAPHIC INSTITUTE & FLORIDA ATLANTIC UNIVERSITY FL 501(C)(3) LINE 7 0 FLORIDA ATLANTIC UNIVERSITY RESEARCH CORP 777 GLADES ROAD BOCA RATON FL 33431 650267991 PUBLIC UNIVERSITY RESEARCH FL 501(C)(3) LINE 2 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 FAU ALUMNI ASSOCIATION INC D 46073 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY S 5022 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY K 10491 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY C 26356 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY P 116636 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY Q 730054 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY O 2612590 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY D 3486861 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY B 6780457 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY R 13864627 CORP BOOKS IN ACCORDANCE W/GAAS FLORIDA ATLANTIC UNIVERSITY RESEARCH CORP Q 1191 CORP BOOKS IN ACCORDANCE W/GAAS