2019-11-05T17:19:56-08:00 2019-06-30 261726741 BCA WATSON RICE LLP 5 PENN PLAZA 15TH FL NEW YORK NY 100011810 990 2018-07-01 596175096 Florida Agricultural & Mechanical Univ Foundation Inc FLOR 8504125755 625 E Tennessee Street Suite 100 TALLAHASSEE FL 32308 Shawnta Friday-Stroud PhD Executive Director 2019-11-05 true Carshena T Allison P01702223 2124477300 2018 2020-01-14 16:20:31Z Shawnta Friday-Stroud 83892196 false false X http://www.famu.edu/index.cfm?GiveToFAMU&Foun X 1966 FL The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. 29 25 0 32 0 7887471 5572714 0 10405534 1850641 3564020 4336008 21857025 11759363 4379127 2559029 0 1899826 1970668 0 1676188 8905638 13159336 15184591 17689033 6672434 -5929670 133086440 129745635 7211539 6590293 125874901 123155342 The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes. false false 8607566 University support includes expenses incurred for receipt and administration of funds in support of the schools, colleges, institutes, units and programs of Florida A&M University, to include, but not limited to guest speakers, conference and operational expenses, travel, events and consulting services. University Support also includes faculty and staff support including, but not limited to, salaries, travel, professional development training and seminars/conferences for the University's endowed chairs, professorships, and adjunct faculty and staff. 5900838 5900838 Scholarships and grants include charges for tuition fees, room and board, books and stipends for scholars in various academic disciplines. 14508404 true true false false false false false false false true true true false false true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false true false false false true 127 0 true 0 false false false false false false false true true false 0 false false false false false false false false false false false false X 29 25 false true false false false true true true true false false true true true true true true true true false X X Shawnta Friday-Stroud ED 8504125755 625 E Tennessee St Ste 100 Tallahassee FL 323084933 Jemal O Gibson Chair 1.00 0.00 X X 0 0 0 Lisa R LaBoo Vice Chair 1.00 0.00 X X 0 0 0 Wanda Ford Treasurer 1.00 0.00 X X 0 0 0 Alfreda D Blackshear Secretary 1.00 0.00 X X 0 0 0 Gregory L Clark NAA Rep. 1.00 25.00 X 0 0 0 Carmen Cummings Martin OAA Exec. Dir. 5.00 45.00 X 0 129837 18809 Chan Bryant Abney Director 1.00 0.00 X 0 0 0 William J Bryant Director 1.00 0.00 X 0 0 0 Keith Clinkscales Director 1.00 0.00 X 0 0 0 Lorin J Crenshaw Director 1.00 0.00 X 0 0 0 John M Crossman Director 1.00 0.00 X 0 0 0 Rochard Moricette Director 1.00 0.00 X 0 0 0 Elaine Armster Director 1.00 0.00 X 0 0 0 Marcelia C Freeman Director 1.00 0.00 X 0 0 0 Thomas Jones Director 1.00 0.00 X 0 0 0 Clifton A Goins IV Director 1.00 0.00 X 0 0 0 John L Green Director 1.00 0.00 X 0 0 0 Monica William Harris Director 1.00 0.00 X 0 0 0 Erica D Hill Director 1.00 0.00 X 0 0 0 Laurence A Humphries Director 1.00 0.00 X 0 0 0 Lenetra S King Director 1.00 0.00 X 0 0 0 Hosetta Coleman Director 1.00 0.00 X 0 0 0 Kenneth M Neighbors Director 1.00 0.00 X 0 0 0 Phyllis Taite Director 1.00 0.00 X 0 0 0 G Scott Uzzell Director 1.00 0.00 X 0 0 0 Twuanna Ward Director 1.00 0.00 X 0 0 0 Taylar Hall Director 1.00 0.00 X 0 0 0 Tirrell D Whittley Director 1.00 0.00 X 0 0 0 Akunna Olumba Esq Director 1.00 0.00 X 0 0 0 Larry Robinson Univ. President 50.00 0.00 X X 434856 0 18809 Shawnta Friday-Stroud PhD Executive Dir. 12.50 37.50 X X 0 250538 9404 Belvin Perry Jr Esq BOT Rep. 1.00 0.00 X 0 0 0 Juanita Johnson Business Manager 50.00 0.00 X 126032 0 8356 560888 380375 55378 2 false true false Metz Culinary Management 2 Woodland Drive Dallas PA 18612 Catering Services 503182 1 87229 235130 5250355 2933 5572714 0 1336556 1336453 103 0 0 101488 101488 101488 101488 72435270 71921185 514085 514085 514085 10535 235130 211648 -201113 -201113 0 0 Administrative Fees 561000 2843138 2843138 Miscellaneous income 900099 1413005 1413005 Other Income 900099 179490 179490 4435633 11759363 5873574 313075 2559029 2559029 0 0 0 714607 381634 332973 0 1256061 670795 585266 0 0 0 0 196840 111593 37421 47826 50000 28346 9506 12148 0 0 492206 279043 93573 119590 1652634 1593476 59158 90697 62716 1103 26878 830207 666858 23300 140049 0 0 167450 126430 41020 621337 396230 55294 169813 0 258523 157390 33681 67452 1213 1213 0 16423 16423 26773 9693 17080 Other university support 3341809 3341809 Administrative charges 2843138 2843138 Entertainment & dinners 879083 720481 61473 97129 Provision for uncollectible pl 813296 813296 877707 558530 137170 182007 17689033 14508404 1504441 1676188 1756991 1455463 0 7008811 748875 135494 76645 0 0 0 0 509726 216114 355017 159788 154911 195229 112268331 113822103 11252176 13231206 0 0 0 133086440 129745635 1703887 704495 3080514 3323401 2427138 2562397 7211539 6590293 X 2359620 3159367 35998225 33831522 87517056 86164453 125874901 123155342 133086440 129745635 -5929670 4223701 -1013590 X false true X true false X 7316476 5526146 6303757 7981051 5572714 32700144 0 0 7316476 5526146 6303757 7981051 5572714 32700144 1471353 31228791 2584482 2180929 2397180 1544098 1438045 10144734 0 0 42844878 13370744 0.72890 0.69360 X 96350362 1353686 4557651 2559029 1489581 98213089 109281354 962275 6247606 5393948 12714531 2032394 96350362 100263747 2300692 12252326 3539915 1995496 109281354 120741863 2147173 1368357 -4425503 -3956639 -15611504 100263747 121615553 1406712 2358780 -1748972 -1707219 -1182991 120741863 0.89470 0.10530 false false false 27000 27000 138598 35279 103319 189419 124509 64910 195229 F 13231206 Agency Liability 2557135 Other liability 5262 2562397 X 13351574 4223702 4223702 9127872 2631491 2631491 11759363 15057542 15057542 2631491 2631491 17689033 Part V, Line 4: Intended uses of the endowment fund. THE ENDOWMENT FUNDS ARE USED TO FURTHER THE EDUCATION AND WELFARE OF FLORIDA A&M UNIVERSITY (FAMU), ITS FACULTY AND STUDENTS; TO ATTRACT EXPERIENCED AND SCHOLARLY INSTRUCTORS, EDUCATORS AND SCIENTISTS; TO IMPROVE THE EDUCATIONAL FACILITIES, INCLUDING HOUSING AND TEACHING AIDS; AND TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS. Part X : FIN48 Footnote The Foundation is a non-profit corporation exempt from Federal income taxes under Internal Revenue Code Section 501(a) as an organization described in Section 501(c)(3), with the exception of any unrelated business income. The Foundation is classified as an organization operated for the benefit of a college or university owned or operated by a governmental unit described in Section 170(b)(1)(A)(iv).The Foundation has reviewed its tax status and related filings and determined that there are no uncertain tax positions for which an obligation needs to be recorded pursuant to the Income Taxes Topic (ASC 740). Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Administrative Fees $2843139 Fundraising expense $-211648 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Administrative fees $2843139 Fundraising Expense $-211648 X X X X X false Homecoming Gala 149139 138604 10535 207076 F&S Campaign Breakfast 73919 73919 4572 1 22607 22607 245665 235130 10535 211648 211648 -201113 true FLORIDA A&M UNIVERSITY South Adams Street TALLAHASSEE FL 32307 590977035 2559929 0 CASH AID IN THE ADVANCEMENT OF THE UNIV 1 0 X X X X true true X X X false false false false false false false false false false Larry Robinson Univ. President 377106 57750 18809 453665 Shawnta Friday-Stroud PhD Executive Dir. 250538 9404 259942 Part I, Line 1a: Relevant information in regards to selections on 1a. The Foundation provides the President a housing allowance which is included as taxable compensation and is authorized in the President's employment contract. The Foundation paid for social club dues and initiation fees specifically for fundraising purposes for the President. The University President's contract authorizes the Foundation to provide the President with club memberships for bona fide business related purposes (e.g. fundraising events, etc.) to further enable him to carry out his duties as President. The Foundation paid for reasonable travel expenses for the President's spouse when accompanying him on University-related business, serving a bona fide business purpose, up to a maximum of $5,000 annually which is authorized by the University President's contract. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Florida Agricultural and Mechanical University employs the individuals delegated to operate the management duties of the Foundation. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Florida Agricultural and Mechanical University board of trustees has oversight and approval authority of the Foundations governing bodys election or removal of directors of the governing body. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is reviewed and approved by the Foundation Audit Committee and once approved is then forwarded to the full Foundation Board for its review and approval. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Foundation's conflict of interest policy requires disclosure of conflicts by board members. On July 1, the beginning of each fiscal year, conflict of interest disclosure forms are forwarded to each board member. Any responses that indicate a possible conflict of interest is reviewed by the board chair, Vice President/Executive Director, University President and General Counsel to determine whether further action is necessary. This policy was fully adopted by the board on November 21, 2009 and amended by the full board on June 23, 2011. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Foundation Compensation Committee approves compensation, in advance of payment, to the covered individual, the committee relies on comparability data that demonstrate the fair market value of the compensation in question (e.g. expert compensation studies by independent firms and written job offers for positions at similar organizations, etc.), then the committee documents how it reached its decision, including the data on which it relied to make the decision and then prepares a recommendation for submission to the Board of Directors for review and approval. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All governing documents are made available after submission of a public records request. Also, the Foundation's Form 990s are available on our web site for the previous five (5) years. FORM 990, PART IX, LINES 5 AND 7 FAMU FOUNDATION RECEIVES BILLINGS FROM AND PAYS/REIMBURSES THE UNIVERSITY CONTROLLER'S OFFICE FOR COMPENSATION AND BENEFITS FOR CERTAIN EMPLOYEES WHO DEVOTE THEIR TIME TO THE FILING ORGANIZATION. ALL W-2s ARE ISSUED BY FLORIDA A&M UNIVERSITY. FORM 990, PART VIII LINE 11A ADMINISTRATIVE FEES REPRESENT PAYMENTS RECEIVED BY FAMU FOUNDATION FROM THE CONTRIBUTORS TO SUPPORT THE ACTIVITIES OF THE FAMU FOUNDATION. THEY ARE BASED ON SIZE AND TYPE OF DONATIONS RECEIVED BY THE UNIVERSITY. Florida A&M University South Adams Street Tallahassee FL 32307 590977035 Degree granting institutions FL 501(c)(3) School NA false false true false false false false false false false true false true true false true false false true false