2019-04-23T10:44:34-07:00 2018-06-30 990 2017-07-01 311145986 OHIO STATE UNIVERSITY FOUNDATION OHIO 6142922141 1480 W Lane Ave Columbus OH 43221 Michael Papadakis Assistant Treasurer 6142928520 2019-04-23 128.146.46.135 2017 2019-02-21 02:37:17Z Michael C Eicher 1480 W Lane Ave Columbus OH 43221 261418672 0 X www.osu.edu/giving X 1985 OH The Foundation raises funds, manages endowments, and manages planned gifts for the benefit of The Ohio State University. 45 45 0 3837 0 -9073 259141316 239433928 0 0 18157321 18185209 1885054 3799535 279183691 261418672 0 0 0 0 2176191 2633108 0 0 6939551 255898951 242267107 258075142 244900215 21108549 16518457 1052963316 1149676648 53626054 84916201 999337262 1064760447 The Foundation raises funds, manages endowments, and manages planned gifts for the benefit of The Ohio State University. 0 0 223325262 0 0 Distributions to The Ohio State University 0 0 0 223325262 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 X 72 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 X 45 45 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD ME MI MN NH NJ NY OH OR PA SC UT WI X Julie L Saunders 6142927458 2020 Blankenship Hall 901 Woody Hayes Drive Columbus OH 432104016 Patricia E Aveni Board of Directors 0.25 0 X 0 0 0 C Richard Beckett Board of Directors 0.25 0 X 0 0 0 William P Blair III Board of Directors 0.25 0 X 0 0 0 Janis Block Board of Directors 0.25 0 X 0 0 0 Michael H Carpenter Board of Directors 0.25 0 X 0 0 0 G Gilbert Cloyd Board of Directors 0.25 0 X 0 0 0 Tanny B Crane Board of Directors 0.25 0 X 0 0 0 Phylllis A Cummins Board of Directors 0.25 0 X 0 0 0 Walter E Dennis Jr Board of Directors 0.25 0 X 0 0 0 James F Dietz Board of Directors and Officer 0.5 0 X X 0 0 0 Susan R Edwards Board of Directors 0.25 0 X 0 0 0 Ruann F Ernst Board of Directors 0.25 0 X 0 0 0 Jane Fawcett Hoover Board of Directors 0.25 0 X 0 0 0 Barbara K Fergus Board of Directors 0.25 0 X 0 0 0 Elizabeth B Germain Board of Directors and Officer 0.5 0 X X 0 0 0 John C Gray Board of Directors 0.25 0 X 0 0 0 Jole R Harmon Board of Directors 0.25 0 X 0 0 0 Cynthia Hilsheimer Board of Directors 0.25 0 X 0 0 0 Lisa Hinson Board of Directors 0.25 0 X 0 0 0 Maryann Kennedy Board of Directors 0.25 0 X 0 0 0 Keith B Key Board of Directors 0.25 0 X 0 0 0 Anne E Kalmar Board of Directors 0.25 0 X 0 0 0 Nancy J Kramer Board of Directors 0.25 0 X 0 0 0 John C Lindberg Board of Directors 0.25 0 X 0 0 0 Frank Mauceri Board of Directors 0.25 0 X 0 0 0 Stephen G Mehallis Board of Directors 0.25 0 X 0 0 0 Stephen D Milligan Board of Directors 0.25 0 X 0 0 0 Keith D Monda Board of Directors and Officer 0.5 0 X X 0 0 0 Edwin L Overmyer Board of Directors 0.25 0 X 0 0 0 W Ray Persons Board of Directors and Officer 0.50 0 X X 0 0 0 Carter G Phillips Board of Directors 0.25 0 X 0 0 0 Stanley D Ross Board of Directors 0.25 0 X 0 0 0 Robert H Schottenstein Board of Directors 0.25 0 X 0 0 0 Susan Schottenstein Diamond Board of Directors 0.25 0 X 0 0 0 Daniel J Wampler Board of Directors and Officer 0.5 0 X X 0 0 0 Gifford Weary Board of Directors 0.25 0 X 0 0 0 Robert J Weiler Board of Directors 0.25 0 X 0 0 0 Alec Wightman Board of Directors 0.25 0 X 0 0 0 Robert L Wright Board of Directors 0.25 0 X 0 0 0 Bruce A McPherson Ex Officio Director 0.25 0 X 0 0 0 Michael V Drake Ex Officio Director 0.5 0 X 0 0 0 James E Smith Ex Officio Director 0.25 0 X 0 0 0 Michael C Eicher Ex Officio Director and Officer 50 0 X X 0 0 0 S Ann Hamilton Ex Officio Director 0.25 0 X 0 0 0 Rustin M Moore Ex Officio Director 0.25 0 X 0 0 0 John C Lane Ex Officio Director 0.25 0 X 0 0 0 Michael Papadakis Officer 0.25 0 X 0 0 0 Amy A Rodriguez Officer 0.25 0 X 0 0 0 Douglas Ulman President-CEO and Ex-Officio Director - Pelotonia 0 50 X 0 606842 35412 Michael Nestor Senior Advisor to the President-CEO, Pelotonia 0 40 X 0 173708 21216 Nicholas Denby Chief Financial Officer - Pelotonia 0 40 X 0 182080 26208 Miguel Perez Chief Operating Officer - Pelotonia 0 40 X 0 141458 7878 Joseph Apgar Director-Momentum Fund - Pelotonia 0 40 X 0 128752 19890 Kristopher Anderson Director of Events - Pelotonia 0 40 X 0 123462 20020 0 1356302 130624 7 0 1 0 AWH 495 Metro Place S Dublin OH 43017 Software Development Partner 570982 AVI Foodsystems Inc 6465 Busch Rd Columbus OH 43229 Event Catering Services 427083 Live Technologies 3445 Millennium Court Columbus OH 43219 Concert Audio and Visual 175000 Raizlabs Corporation 50 Milk St Boston MA 02109 Software Development Partner 162000 Fort Ventures LLC 17 Brickel St Ste D Columbus OH 43215 Creative Design Services 118300 5 0 0 32729624 0 0 206704304 18322911 239433928 0 18185209 18185209 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 32729624 0 0 0 0 Income from irrevocable split-interest agreements 525920 2086542 2086542 0 0 Pelotonia registration fees 900099 959670 959670 0 0 Pelotonia other income 900099 718460 718460 0 0 34863 34863 0 0 3799535 261418672 21984744 0 0 2598091 99532 2498559 35017 35017 1805284 1805284 168390 34462 133928 117720 74100 43620 15232549 15232549 375051 375051 111520 35 111485 100011 80 99931 149541 37940 111601 64897 64897 0 241922 241922 Distributions to The Ohio State University 223325262 223325262 0 0 Provision for uncollectible pledges -1150931 0 -1150931 0 Event expenses 1695195 0 0 1695195 30696 0 30696 0 244900215 223325262 14635402 6939551 4363690 22859141 0 0 106012820 100424854 9872120 11599639 9844453 2998824 6979791 6845629 374918674 490862489 550669352 516921807 146869 163089 1052963316 1149676648 387804 82184 17336076 15354476 35902174 69479541 53626054 84916201 X 16221081 16789334 158732760 170694975 824383421 877276138 999337262 1064760447 1052963316 1149676648 16518457 61624055 0 0 -12719327 0 X X 1 X 1 X 1 0 X 192266129 222223332 232151865 259141316 239433928 1145216570 0 0 0 0 0 0 0 0 0 0 0 0 192266129 222223332 232151865 259141316 239433928 1145216570 30805 1145185765 16342005 18553548 15292159 18157321 18185209 86530242 1231746812 0.92972 0.93302 X 0 3 0 9090 0 36634 0 1039722 1 1 877261330 54157760 79674344 0 37111218 15232549 958749667 763331888 49557404 113595175 0 34315899 14907238 877261330 757158186 63029783 -11494479 0 30008699 15352903 763331888 710961474 58771147 31391011 0 28705174 15260272 757158186 589702215 51730551 110406299 0 26851227 14026364 710961474 0 0.9818 0.0182 1 0 0 0 0 0 6135832 2998824 3137008 0 0 0 0 0 0 0 0 3708621 0 0 3708621 6845629 Investment Partnerships 515596845 F Life insurance polices 1324962 F 516921807 0 Obligation and Reserve for Gift Annuity 16455093 Charitable Remainder Trust Liabilities 16272804 Distribution payable to The Ohio State University 19744393 Advance from The Ohio State University 2164008 Deferred Inflows 14843243 69479541 311207497 61624055 0 0 0 61624055 249583442 11835230 0 11835230 261418672 233064985 0 0 0 0 0 233064985 11835230 0 11835230 244900215 Schedule D, Part V, Line 3a(i) The endowment funds are held and administered for the organization by The Ohio State University; based on the definition of "related" in the instructions to the Form 990, the organization and The Ohio State University are not related. Schedule D, Part V, Line 4 To permanently enhance The Ohio State University and its programs Operation and administration of annual bicycling fundraising events to support cancer research 32729624 0 32729624 0 0 0 1225589 469606 0 0 0 32729624 0 32729624 0 0 0 1225589 469606 0 1695195 31034429 X X X 0 0 0 0 0 0 0 1 0 Douglas Ulman President and CEO - Pelotonia 0 406842 0 200000 0 0 0 15600 0 19812 0 642254 0 Nicholas Denby VP - Pelotonia 0 151080 0 31000 0 0 0 6396 0 19812 0 208288 0 0 Michael Nestor VP - Pelotonia 0 138708 0 35000 0 0 0 5798 0 15418 0 194924 0 0 Schedule J, Part I, Line 7 The bonuses for the CEO is determined and approved by the Pelotonia Board based upon its evaluation of Pelotonia's performance. All other Pelotonia staff member bonuses are determined and approved by the Pelotonia CEO. X 46 0 n/a X 0 n/a X 0 n/a X 1 0 n/a X 3 0 n/a X 2 0 n/a X 810 18238461 average high/low X 18 0 n/a X 60 0 n/a X 4 0 n/a X Equipment & Supplies 265 0 n/a X Livestock & Agricultural 30 0 n/a X Flowers & Plants 42 0 n/a X Miscellaneous 106 0 n/a 10 0 1 1 Schedule M, Part I, Line 32b The Foundation engages third parties to sell non-cash contributions. It uses the services of a brokerage firm to sell securities and real estate agents to sell gifts of property. Schedule M, Part I, Line 33 Per current accounting practice the Foundation does not report revenue of these in-kind gifts. Form 990, Part IV, Line 18 For Pelotonia LLC, the disregarded entity reported in Schedule R, the majority of gross fundraising income is comprised of (1) the operating funds pledged by the corporate funding partners, (2) the registration fees paid by the riders and (3) the donations raised by Pelotonia's riders, virtual riders, PULLL app users and volunteers. With regard to the first category, the corporate funding partners underwrite Pelotonia's annual operating expenses, including all staff, office, event and technology costs as well as all of the costs of processing the donations raised by the riders, virtual riders and volunteers. Often these corporate funding partners make a multi-year pledge to underwrite operating expenses each year for a designated number of years; however, the total amount of the multi-year pledge is booked on an accrual basis and held as a receivable. With regard to the second category, riders pay non-tax deductible registration fees that are also used to defray Pelotonia's operating costs. With regard to the third category, riders and virtual riders each agree to a minimum fundraising commitment that is satisfied through donations received by or made by the riders and virtual riders. The PULLL and Ride donations are deposited and maintained in an account that is entirely separate from Pelotonia's operating account and 100% of these donations are designated to The Ohio State University Foundation to be directed to cancer research at The Ohio State University Comprehensive Cancer Center and James Cancer Hospital. Because Pelotonia's fundraising period for each of its events starts in December of one year and ends in November of the next year, the donations reported on the 990 in any particular fiscal year actually represent donations raised for two different Pelotonia events - i.e. donations for the event that was ongoing between July and November of a particular year and the donations for the event that was ongoing between December and June of the next year. Form 990, Part IV, Line 34 As noted in Part 1, Line 1, the organization is operated for the benefit of The Ohio State University; however, based on the definition of "related" in the instructions to the Form 990, the organization and The Ohio State University are not related. The organization is not a supporting organization under IRC 509(a)(3). It maintains its public charity status under IRC 509(a)(1). Also, the University does not appoint a majority of the organization's directors. All of the information in Schedule R or in other parts of the Form 990 for related organizations is available from The Ohio State University upon request. Form 990, Part V, Line 1a The contractors listed in Part VII, Section B were paid by Pelotonia, the disregarded entity listed in Schedule R. Form 990, Part V, Line 2a The organization has no employees. For Pelotonia LLC, the disregarded entity reported in Schedule R, the employees are contracted for through Sequent so no W-2's are reported. Form 990, Part VI, Section A, Line 2 Robert Schottenstein and Susan Schottenstein Diamond are cousins Form 990, Part VI, Section B, Line 11b Before the Form 990 is filed, it is reviewed by the Audit Committee of the Board. Prior to being filed the Form 990 is made available to all board members for comments. Form 990, Part VI, Section B, Line 12c Board members and key employees are required to disclose conflicts of interest on an annual conflict of interest questionnaire. Foundation staff review the questionnaires and, if a potential conflict of interest exists, all material facts are presented either to the full board or a board committee who review the facts and determine whether a conflict of interest exists. Form 990, Part VI, Section B, Line 15 The Board of Pelotonia, the disregarded entity reported in Schedule R, gathered comparability data and reviewed that prior to determining the total compensation of the key employees. The key employees are not Board members of the organization or Pelotonia. Compensation discussions were held in executive session of the Pelotonia Board and documented. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part XII, Line 1 In fiscal year 2018 a new accounting standard related to charitable remainder trust and gift annuity agreements was implemented (GASB Statement No. 81, Irrevocable Split-Interest Agreements), that generally defers the recognition of revenue and expenses until the death of the beneficiary. The cumulative effect for prior period adjustment was a $12,719,327 reduction in net position, shown in Part XI. line 8. Clifton Holdings LLC c/o Jack Lucks Jr 150 E Broad Street Columbus OH 43215 311145986 Owner of real property located in Bexley, Ohio OH 107760 3141756 N/A Pelotonia LLC Formerly known as NetJames Holdings LLC 351 W Nationwide Blvd Columbus OH 43215 311145986 Operation and administration of annual bicycling fundraising events to support cancer research OH 34748081 38587942 N/A