2021-05-12T11:20:49-05:00 2020-06-30 593186310 THOMAS HOWELL FERGUSON PA 2615 CENTENNIAL BLVD SUITE 200 TALLAHASSEE FL 32308 990 2019-07-01 591561180 SEMINOLE BOOSTERS INC SEMI 8506448803 PO BOX 1353 TALLAHASSEE FL 323021353 JP SINCLAIR CFO 8506448803 2021-05-07 1 WINSTON K HOWELL P01347409 8506688100 2019 2022-09-23 18:48:47Z JP SINCLAIR PO BOX 1353 TALLAHASSEE FL 323021353 101183367 0 X WWW.SEMINOLE-BOOSTERS.COM X 1974 FL TO PROVIDE FINANCIAL SUPPORT FOR THE STUDENTS AND INTERCOLLEGIATE ATHLETIC PROGRAMS AT FLORIDA STATE UNIVERSITY. 59 56 76 133 1171217 -1131187 60310355 42540766 11601510 8360855 4657945 4894537 6666318 5089067 83236128 60885225 0 3464397 0 0 5459829 5336822 0 0 3573091 53421189 48666362 58881018 57467581 24355110 3417644 313243141 264784719 144873717 102013997 168369424 162770722 SEMINOLE BOOSTERS, INC. WAS CREATED AS A NOT-FOR-PROFIT ORGANIZATION TO STIMULATE AND PROMOTE THE EDUCATION, HEALTH, AND PHYSICAL WELFARE OF THE STUDENT OF FLORIDA STATE UNIVERSITY BY PROVIDING FINANCIAL SUPPORT FOR THE INTERCOLLEGIATE ATHLETIC PROGRAM AT FSU. 0 0 30843091 3464397 EXPENDITURES INCLUDE DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS, DISBURSEMENTS MADE TO FLORIDA STATE UNIVERSITY, AND TRANSFERS TO FSU FINANCIAL ASSISTANCE. THESE DISBURSEMENTS INCLUDE, ATHLETIC DEVELOPMENT FUND PAYMENTS TO SUPPLEMENT ATHLETIC DEPARTMENT SALARIES, OPERATING TRANSFERS TO HELP PAY STUDENT ATHLETE SCHOLARSHIPS, ON BEHALF OF DISBURSEMENTS TO SUPPORT VARIOUS OTHER SPORT NEEDS, UNIVERSITY PRESIDENTAL TRANSFERS TO SUPPLEMENT THE FUNDRAISING EFFORTS OF THE UNIVERSITY PRESIDENT, RESTRICTED DISBURSEMENTS MADE BY INDIVIDUAL SPORTS FROM SPECIFIC RESTRICTED ACCOUNTS TO ALLOW CONTINUED INCREASED PERFORMANCE IN EACH SPORT, AND TRANSFERS OF FUNDS COLLECTED TO PAY THE DEBT SERVICE OF FSU FINANCIAL ASSISTANCE. 919781 OTHER EXPENDITURES INCLUDE DISBURSEMENTS MADE FOR CAPITAL PROJECTS COMPLETED FOR THE FLORIDA STATE UNIVERSITY DEPARTMENT OF ATHLETICS AS WELL AS FACILITIES MAINTENANCE EXPENSES INCURRED TO KEEP FACILITIES FUNCTIONAL DURING THE FISCAL YEAR. 15423690 OTHER PROGRAM EXPENDITURES INCLUDE DISBURSEMENTS THAT FURTHER THE MISSION OF THE SEMINOLE BOOSTERS, INCLUDING EXPENSES FOR VARIOUS BANQUETS AND EVENTS, SPRING TOUR EXPENDITURES, COSTS TO ADMINISTER THE ROYALTY PROGRAM, ADDITIONAL SCHOLARSHIP EXPENDITURES, AS WELL AS VARIOUS OTHER EXPENDITURES THAT PROMOTE THE EDUCATION, HEALTH AND PHYSICAL WELFARE OF STUDENTS AT FLORIDA STATE UNIVERSITY. 47186562 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 191 0 76 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 59 56 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X ORGANIZATION FSU 8506448803 UNIVERSITY CENTER SUITE C-5100 TALLAHASSEE FL 32306 SAM AMBROSE DIRECTOR 0.25 X 0 0 0 DIANA AZOR DIRECTOR 0.25 X 0 0 0 WO BELL DIRECTOR 0.25 X 0 0 0 JIM BOYD DIRECTOR 0.25 X 0 0 0 ED BURR DIRECTOR 0.25 X 0 0 0 KEVIN CARPENTER DIRECTOR 0.25 X 0 0 0 DAVID COBURN DIRECTOR 0.25 40.00 X 0 549625 30103 ELEANOR CONNAN DIRECTOR 0.25 X 0 0 0 MARILYN COX DIRECTOR 0.25 X 0 0 0 JOHN CROWE DIRECTOR 0.25 X 0 0 0 CLIF CURRY DIRECTOR 0.25 X 0 0 0 SCOTT DARLING DIRECTOR 0.25 X 0 0 0 BILL DAWKINS DIRECTOR 0.25 X 0 0 0 BOB DAVIS CHAIRMAN 0.25 X X 0 0 0 MARY DEMETREE DIRECTOR 0.25 X 0 0 0 CRAIG DEWHURST DIRECTOR 0.25 X 0 0 0 CHARLES DUDLEY SECRETARY 0.25 X X 0 0 0 DOUG DUNLAP DIRECTOR 0.25 X 0 0 0 LINDA DUPREE DIRECTOR 0.25 X 0 0 0 ALAN FLAUMENHAFT TREASURER 0.25 X X 0 0 0 ERIC FRIALL DIRECTOR 0.25 X 0 0 0 JIMMY GRAGANELLA VICE CHAIRMAN 0.25 X X 0 0 0 BILL HAGEN DIRECTOR 0.25 X 0 0 0 ANNE HAMILTON DIRECTOR 0.25 X 0 0 0 RICH HEFFLEY DIRECTOR 0.25 X 0 0 0 DANIEL HENDRIX DIRECTOR 0.25 X 0 0 0 NAN HILLIS DIRECTOR 0.25 X 0 0 0 NICK IAROSSI DIRECTOR 0.25 X 0 0 0 MOISES ISSA DIRECTOR 0.25 X 0 0 0 KRIS INCHCOMBE DIRECTOR 0.25 X 0 0 0 TOM JENNINGS DIRECTOR 0.25 40.00 X 0 367942 43563 MIKE KOSLOSKE DIRECTOR 0.25 X 0 0 0 CHRIS KRAFT DIRECTOR 0.25 X 0 0 0 PETE LAW DIRECTOR 0.25 X 0 0 0 BRETT LINDQUIST DIRECTOR 0.25 X 0 0 0 SCOTT MADDEN DIRECTOR 0.25 X 0 0 0 JOHN MCCANN DIRECTOR 0.25 X 0 0 0 RICHARD MCMULLEN DIRECTOR 0.25 X 0 0 0 TERI MILLER DIRECTOR 0.25 X 0 0 0 BRIAN MURPHY DIRECTOR 0.25 X 0 0 0 ANDY NORMAN DIRECTOR 0.25 X 0 0 0 PARRISH OWENS DIRECTOR 0.25 X 0 0 0 WARNER PEACOCK DIRECTOR 0.25 X 0 0 0 PAM PERREWE DIRECTOR 0.25 40.00 X 0 214254 28237 CRAIG RAMSEY DIRECTOR 0.25 X 0 0 0 RILEY RUBIO DIRECTOR 0.25 X 0 0 0 DOUGLAS RUSSELL IMMEDIATE PAST CHAIR 0.25 X X 0 0 0 MARK SHELNUTT DIRECTOR 0.25 X 0 0 0 DELORES SPEARMAN DIRECTOR 0.25 X 0 0 0 JIM STEINER DIRECTOR 0.25 X 0 0 0 BILL STEPHENSON DIRECTOR 0.25 X 0 0 0 JEFF STOOPS DIRECTOR 0.25 X 0 0 0 MIKE SUMMEY DIRECTOR 0.25 X 0 0 0 GARY THURSTON DIRECTOR 0.25 X 0 0 0 PHILIP TROYER DIRECTOR 0.25 X 0 0 0 NADA USINA DIRECTOR 0.25 X 0 0 0 BARRY VAUGHN DIRECTOR 0.25 X 0 0 0 WADE WALLACE DIRECTOR 0.25 X 0 0 0 RICHARD WELCH DIRECTOR 0.25 X 0 0 0 JERRY WILLIAMS DIRECTOR 0.25 X 0 0 0 ANDY MILLER PRESIDENT/EXECUTIVE DIRECTOR 40.00 10.00 X X 343979 0 45705 JP SINCLAIR CHEIF FINANCIAL OFFICER 40.00 X 124851 0 18558 ERIC CARR SENIOR VP 40.00 X 239046 0 19327 GREG HULEN EXECUTIVE VP 40.00 X 211692 0 27775 TOM CARLSON SENIOR VP 40.00 X 205297 0 23956 MIKE DASHER SENIOR VP 40.00 X 196925 0 21887 WILLIAM SEXTON DIRECTOR 40.00 X 155343 0 20292 1477133 1131821 279403 7 0 1 0 MUSCO SPORTS LIGHTING LLC 100 1ST AVENUE W OSKALOOSA IA 52577 CONSTRUCTION 432500 UNITED HEALTHCARE PO BOX 959782 ST LOUIS MO 631959782 HEALTH INSURANCE 298831 MCGRIFF INSURANCE SERVICES 3775-B CAPITAL CIRCLE NE TALLAHASSEE FL 32317 INSURANCE 175422 RSM US LLP 800 N MAGNOLIA AVE SUITE 1700 ORLANDO FL 328033247 ACCOUNTING 115910 OSCEOLA MEDIA 2602 LUCERNE DRIVE TALLAHASSEE FL 32303 MEDIA SERVICES 114583 5 42540766 42540766 UNIV. CENTER CLUB 900099 6281889 6281889 STADIUM CONCESSION 900099 1100000 1100000 VARSITY CLUB REVENUE 900099 427805 427805 51 ON MADISON INCOME 900099 371806 371806 SKYBOX REVENUE 900099 179355 179355 8360855 316202 316202 2974500 2974500 7775882 6208727 1567155 1567155 1171217 395938 38552948 33974613 4578335 4578335 4578335 107247 114802 -7555 -7555 UNRESTRICTED OTHER REVENUE 900099 286360 286360 MUTLIMEDIA CONTRACTUAL INCOME 900099 282828 282828 EVENT REVENUE 900099 38924 38924 -53145 -53145 554967 60885225 8399779 1171217 8773463 3464397 3464397 540647 27032 308169 205446 3779420 188971 2154270 1436179 286278 14314 93763 178201 433048 21652 251093 160303 297429 14871 169535 113023 44309 26585 17724 155590 93354 62236 251445 251445 608501 20793 352625 235083 105462 105462 1125126 688340 436786 90054 54032 36022 110300 110300 445590 362250 83340 7136 7136 558654 11956 546698 27378694 27378694 851227 851227 269339 176778 92561 UCC EXPENSES 7153633 7153633 ATHLETIC PROGRAM 3649117 3649117 OTHER PROGRAM EXPENSES 2863259 2863259 PROPERTY HOLDING EXPENS 1862003 1862003 1136923 941498 -320762 516187 57467581 47186562 6707928 3573091 576967 529802 16006242 21523526 73076070 78156290 2432089 1387700 63877302 41720834 161368 180060 305543 655669 79398568 9551534 110742796 69847034 32633744 32010634 100000 100000 13331020 18673170 313243141 264784719 6887500 20107365 28594602 25327167 105374755 51375036 4016860 5204429 144873717 102013997 X 0 0 0 0 168369424 162770722 168369424 162770722 313243141 264784719 X 3417644 -3928918 -5175025 87597 X 0 1 X 1 0 X 24951553 35507824 39755902 60310355 42540766 203066400 24951553 35507824 39755902 60310355 42540766 203066400 8463850 194602550 5890335 5560343 11559037 13873951 11066584 47950250 1165424 1097564 1021944 801201 554967 4641100 255657750 50892943 0.76120 0.73360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 38,371. 2016 AMOUNT: $ 21,086. 2017 AMOUNT: $ 50,552. 2018 AMOUNT: $ 148,389. 2019 AMOUNT: $ 286,360. MULTIMEDIA INCOME - 2015 AMOUNT: $ 381,601. 2016 AMOUNT: $ 282,828. 2017 AMOUNT: $ 282,828. 2018 AMOUNT: $ 282,828. 2019 AMOUNT: $ 282,828. GRILL SEAT REVENUE - 2015 AMOUNT: $ 802,867. 2016 AMOUNT: $ 756,657. 2017 AMOUNT: $ 688,564. 2018 AMOUNT: $ 441,475. 2019 AMOUNT: $ 38,924. BAD DEBT RECOVERY - 2015 AMOUNT: $ -57,415. 2016 AMOUNT: $ 36,993. 2018 AMOUNT: $ -71,491. 2019 AMOUNT: $ -53,145. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 79402971 2328363 1219653 2422675 2758727 77769585 77270170 3196173 3787921 2713087 2138206 79402971 75598888 1384093 3386195 1110313 1988693 77270170 70584620 3966596 6582511 4352580 1182259 75598888 69234648 2457345 228559 1164761 171175 70584616 0.23910 0.61490 0.14600 1 1 1 11973449 12853182 24826631 10941787 34957771 1740435 44159123 3859677 3276448 583229 3423246 3242334 180912 1389456 1292317 97139 69847034 DUE FROM OTHER FUNDS -2284211 OTHER 1640250 PREPAID TUITION CONTRACTS 2131444 DEPOSITS 71840 CONSTRUCTION IN PROGRESS 17113847 18673170 OTHER LIABILITIES 342216 DUE TO FSU FOUNDATION 3410000 DUE TO UCC MANAGEMENT COMPANY 565189 PPP LOAN 887024 5204429 PART V, LINE 4 THE INTENDED USE OF THE ENDOWMENT IS TO FUND ATHLETICS, WHICH INCLUDES SCHOLARSHIPS FOR FLORIDA STATE UNIVERSITY STUDENT-ATHLETES IN EVERY NCAA SANCTIONED SPORT IN WHICH FLORIDA STATE UNIVERSITY PARTICIPATES. GOLF TOURNAMENT 88374 88374 19916 68458 HALL OF FAME DINNER 18873 18873 16164 10264 107247 107247 36080 78722 114802 -7555 1 FSU FINANCIAL ASSISTANCE INC PO BOX 1353 TALLAHASSEE FL 323021353 592477517 501(C)(3) 3464397 OVERALL FUNDING AND DEBT PAYMENTS 1 PART I, LINE 2: ORGANIZATION MONITORS EXPENSES AND DETERMINES THROUGHOUT THE YEAR THE AMOUNTS PAID TO RELATED ORGANIZATION AND RECORDS THEM AS SUCH. X X X X X 0 1 0 0 0 0 0 0 0 DAVID COBURN DIRECTOR 0 215100 0 1200 0 333325 0 11159 0 18944 0 579728 0 0 TOM JENNINGS DIRECTOR 0 360742 0 1200 0 6000 0 24018 0 19545 0 411505 0 0 PAM PERREWE DIRECTOR 0 212754 0 1500 0 0 0 18465 0 9772 0 242491 0 0 ANDY MILLER PRESIDENT/EXECUTIVE DIRECTOR 252604 0 84175 0 7200 0 27775 0 17930 0 389684 0 0 0 ERIC CARR SENIOR VP 110026 0 127220 0 1800 0 13419 0 5908 0 258373 0 0 0 GREG HULEN EXECUTIVE VP 176828 0 29464 0 5400 0 21867 0 5908 0 239467 0 0 0 TOM CARLSON SENIOR VP 150037 0 54900 0 360 0 18048 0 5908 0 229253 0 0 0 MIKE DASHER SENIOR VP 131363 0 63762 0 1800 0 15979 0 5908 0 218812 0 0 0 WILLIAM SEXTON DIRECTOR 116268 0 35475 0 3600 0 14384 0 5908 0 175635 0 0 0 PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN ANDY MILLER $50,000 THE BENEFITS UNDER THE PLAN ARE FUNDED THROUGH A LIFE INSURANCE POLICY. THE ABOVE AMOUNT REPRESENTS THE INSURANCE PREMIUMS PAID ON THE LIFE INSURANCE POLICY FOR THE 2019 CALENDER YEAR. TO DATE NO BENEFITS AMOUNTS HAVE BEEN DISPERSED UNDER THIS PLAN. X 23 3795658 MARKET VALUE X 3 922000 APPRAISED VALUE X 3 2255000 APPRAISED VALUE 7 0 0 1 PART I, LINE 32B: SEMINOLE BOOSTERS, INC. HAS AN AGREEMENT WITH REAL ESTATE INSYNC TO HELP MANAGE THEIR PROPERTIES. THIS INCLUDES HELPING WITH THE DISPOSITION OF NONCASH CONTRIBUTIONS RECEIVED BY THE BOOSTERS. THE AGREEMENT INCLUDES A MONTHLY FEE OF $2,750 PER MONTH. ADDITIONALLY, THE SEMINOLES BOOSTERS WILL ENGAGE VARIOUS REAL ESTATE AGENTS TO HELP WITH THE SALE OF RESIDENTIAL AND COMMERCIAL PROPERTIES. THE TERMS OF THESE AGREEMENTS VARY, BUT TYPICALLY INCLUDE A FEE FOR THE AGENT FOR SELLING THE PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS FORM 990 WITH THE TREASURER AND RESOLVES ANY ISSUES OR QUESTIONS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. THE BOARD OF DIRECTORS HAS DELEGATED TO THE FINANCE AND BUDGET COMMITTEE AND AUDIT COMMITTEE HAS THE RESPONSIBILITY FOR THE FINAL REVIEW OF THE FORM 990. THE FINANCE AND BUDGET COMMITTEE, AUDIT COMMITTEE, AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. THE IS DONE CONCURRENTLY WITH MANAGEMENT AND ANY QUESTIONS AS A RESULT OF THAT REVIEW ARE ANSWERED. NO FURTHER REVIEW BY THE BOARD IS REQUIRED BEFORE THE FORMS ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY TO THE CHAIRMAN ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST. THE CHAIRMAN ENSURES THAT ALL CONFLICTS ARE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ESTABLISHES COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS, INC. THE COMPENSATION COMMITTEE USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR MANAGEMENT OF SEMINOLE BOOSTERS: 1) WRITTEN EMPLOYMENT CONTRACT 2) INDEPENDENT COMPENSATION CONSULTANT 3) COMPENSATION SURVEY OR STUDY 4) FORM 990 OF OTHER ORGANIZATIONS 5) COMPENSATION COMMITTEE SUBMITS RECOMMENDATIONS FOR BOARD APPROVAL. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2019. THE WAGES FOR THE CEO WERE REVIEWED AND APPROVED DURING THE 06/30/2019 FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THREE MOST CURRENT YEARS OF FINANICAL STATEMENTS AND FORM 990S AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: IN-KIND REVENUE 457,610. IN-KIND EXPENSE -370,013. FORM 990, PART XI, LINE 8: PRIOR PERIOD ADJUSTMENTS: FY0618: -$3,504,081 - TRANSFERS BETWEEN SEMINOLE BOOSTERS, INC. AND FSU FINANCIAL ASSISTANCE -651,051 - ADJUSTMENTS FROM CONSOLIDATED AUDITED FINANCIAL STATEMENTS FY0619: -950,894 - TRANSFERS BETWEEN SEMINOLE BOOSTERS, INC. AND FSU FINANCIAL ASSISTANCE -68,994 - ADJUSTMENTS FROM CONSOLIDATED AUDITED FINANCIAL STATEMENTS ----------------- TOTAL: -$5,175,020 REGULATION SECTION 1.263(A)-1(F) - DE MINIMIS SAFE HARBOR ELECTION TAXPAYER NAME: SEMINOLE BOOSTERS, INC. TAXPAYER ADDRESS: PO BOX 1353, TALLAHASSEE, FL 3302-1353 TAXPAYER ID NUMBER: 59-1561180 YEAR-END: 06/30/2020 UNDER IRC REGULATION SECTION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION. T'ALLEY PROPERTIES PO BOX 1353 TALLAHASSEE FL 32302 453781855 REAL ESTATE FL 4839528 N/A COLLEGETOWN INVESTMENT FUND LLC PO BOX 1353 TALLAHASSEE FL 32302 453280651 REAL ESTATE FL 0 26568539 N/A FSU FINANCIAL ASSISTANCE INC PO BOX 1353 TALLAHASSEE FL 32302 592477517 BOND FINANCE FL 501(C)(3) LINE 11 N/A 0 FLORIDA STATE UNIVERSITY A2201 UNIVERSITY CENTER TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(C)(3) LINE 2 N/A 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 FSU FINANCIAL ASSISTANCE B 3464397 ACTUAL FSU FINANCIAL ASSISTANCE O 0 IN-KIND FLORIDA STATE UNIVERSITY N 0 IN-KIND FLORIDA STATE UNIVERSITY R 27378694 ACTUAL FSU FINANCIAL ASSISTANCE D 2393774 ACTUAL